Clear vision: Eye surgery clinics will exhibit growth due to high efficacy rates of LASIK surgery

The past five years have been foggy for the Eye Surgery Clinics industry. Industry operators felt the pinch of the recession as industry performance is closely tied to general economic activity. However, the industry is poised for growth over the five years to 2022. Higher projected household incomes and an improved sense of financial stability will encourage consumers to loosen their purse strings and spend on services that they put off during the recession, including corrective surgery...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
1.6%
Forecast Growth 17-22
Profit
Employment
6,352
Businesses
1,173

Industry Threats & Opportunities

  • New technologies will aid demand and help laser surgeries gain wider public acceptance
  • Demand for corrective eye surgery is susceptible to changes in consumer demographics
  • Eye surgery clinics will benefit from the burgeoning elderly population
  • Industry Report - Industry Locations Chapter

    Eye surgery centers are located in most states, reflecting the industry's fragmented nature. The geographic spread of the industry also indicates the high demand for corrective eye surgery services on a national scale, a factor that serves to encourage the establishment of centers close to heavily populated regions. The regions accounting for the largest share of industry activity include the Southeast (25.5% of all establishments), West (15.5%), Great Lakes (15.5%) and Southwest (13.6%). The largest states in terms of industry establishments and employment are California, Texas and Florida.The industry has a low degree of geographic concentration, with the Southeast and West regions accounting for 41.0% of all establishments in 2017. The...purchase to read more.

    Additional Insights for the Eye Surgery Clinics Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Eye Surgery Clinics Industry are

  • Having a good reputation
  • Use of specialist equipment or facilities
  • Maintenance of excellent customer relations
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Demand from eye glasses and contact lens stores in the Eye Surgery Clinics industry impact industry performance..

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    What's in this report

    What is the Eye Surgery Clinics Industry?

    This industry includes clinics that primarily provide vision correction surgery, also known as refractive and laser eye surgery, using laser equipment.

    Industry Products
  • LASIK surgery for patients with myopia
  • LASIK surgery for patients with astigmatism
  • LASIK surgery for patients with hyperopia
  • Other surgery types
  • Industry Activities
  • Providing refractive eye surgery for patients with myopia
  • Using refractive eye surgery for patients with astigmatism
  • Administering refractive eye surgery for patients with hyperopia
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Demand from eye glasses and contact lens stores
  • Number of people with private health insurance
  • Number of adults aged 65 and older

  • Current Performance
  • Eyeing demand for corrective surgery
  • Corrective eye surgery considered an elective surgery
  • Regulations adds to operational costs
  • Chart: Revenue Growth

  • Industry Outlook
  • Elderly population stimulates demand
  • Technological innovation
  • Table: Eye Surgery Clinics Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Eye Surgery Clinics Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health & Medical Insurance
  • Health & Welfare Funds
  • Consumers

  • Key Selling Industries
  • Medical Device Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Optometrists

  • Products & Services
  • LASIK surgery for patients with astigmatism
  • LASIK surgery for patients with myopia
  • LASIK surgery for patients with hyperopia
  • Other surgery types
  • Chart: Eye Surgery Clinics Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Adults aged 18-34
  • Adults aged 35-44
  • Adults aged 45-54
  • Adults aged 55-64
  • Chart: Major Market Segmentation for the Eye Surgery Clinics Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Eye Surgery Clinics

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Eye Surgery Clinics Industry

  • Industry Globalization
    TLC Laser Eye Centers, LCA-Vision Inc.,
  • Table: TLC Laser Eye Centers - financial performance
  • Table: LCA-Vision Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Eye Surgery Clinics Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Eye Surgery Clinics Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Laser-Assisted In-Situ Keratomileusis (Lasik)
  • Refractive surgical procedure that permanently changes the shape of the cornea with an excimer laser (ultraviolet gas lasers) and a femtosecond laser (neodymium glass lasers).
  • Refractive Error
  • An error in the focusing of light by the eye and a frequent reason for reduced visual acuity.
  • Vision Correction Surgery
  • Also known as refractive and laser eye surgery, is any surgical procedure used to correct vision problems.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Eye Surgery Clinics provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Eye Surgery Clinics:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Eye Surgery Clinics market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Eye Surgery Clinics, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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