MICROKERATOME MARKET ANALYSIS

Microkeratome MarketSize and Trends

The global microkeratome market is estimated to be valued at US$ 910.3 million in 2023 and is expected to exhibit a CAGR of 10.1% during the forecast period (2023-2030).

Increasing number of visual impairment cases

The increasing number of visual impairment cases is expected to drive the global microkeratome market over the forecast period. For instance, in October 2021, according to the Laser Eye Surgery Hub report of Visual Impairment and Blindness Global Data & Statistics, about 2.2 billion people are estimated to live with vision impairment of some description globally and estimated a set to increase in blindness up to 115 million people in 2050.

Figure 2. Global Microkeratome Market Value (US$ Million), by Region, 2023

Prevalence of myopia is expected to propel the market growth over the forecast period

Myopia, often known as nearsightedness, is a frequent eyesight problem. Myopic individuals can easily see objects close to them, but those in the distance may appear hazy. LASIK surgery gets rid of the myopia-related near focus. Therefore, it is anticipated that the use of customized LASIK surgery to treat myopia will accelerate the segment's growth during the projection period. For instance, in January 2022, according to the International Myopia Institute, stated that nearly 30% of the world is currently myopic, and almost 50% of the global population may be myopic by 2050. As personalized LASIK surgery is the latest solution available for the treatment of myopia, the demand for LASIK surgeries for myopia treatment is expected to grow over the forecast period.

Market- Trends