France LASIK Surgery Market Analysis

France LASIK Surgery Market Executive Summary

France LASIK Surgery Market was valued at $97.08 Mn in 2023 and is predicted to grow at a CAGR of 4.21% from 2023 to 2030, to $129.56 Mn by 2030.

LASIK, or laser-assisted in situ keratomileusis, is a popular refractive surgery that reshapes the cornea to correct vision problems like near sightedness, farsightedness, and astigmatism, significantly reducing dependence on eyeglasses or contact lenses. Before surgery, an ophthalmologist performs a comprehensive eye exam to determine candidacy. The outpatient procedure, lasting about 15-30 minutes per eye, involves creating a thin corneal flap with a microkeratome or femtosecond laser, reshaping the underlying corneal tissue with an excimer laser, and repositioning the flap without stitches. Post-surgery, patients may experience temporary discomfort and blurred vision, with risks including dry eyes, glare, halos, infection, and rare vision under or overcorrections.

In southern Germany, common eye diseases among older adults include cataracts (36% prevalence), dry eyes (15%), glaucoma (9%), and age-related macular degeneration (AMD). A study estimated the age-standardized incidence of severe binocular vision impairment and blindness (SVI/B) in France to be 79 per 100,000 person-years, with AMD accounting for 50% of SVI/B at 5.56 per 100,000 person-years, followed by glaucoma at 15% or 1.65 per 100,000 person-years. Market is therefore driven by significant factors like high prevalence, growing disposable income, and increasing awareness. However, the high cost of surgery, competition from alternatives, and cultural considerations restrict the growth and potential of the market.

A prominent player in this field is Johnson & Johnson Vision, Zeimer which announced a collaboration with Schwind eye-tech-solutions to develop a new femtosecond laser platform for various ophthalmic applications, including LASIK surgery on June 2023. Other contributors include Abbott, and Carl ZEISS AG among others.

Market Dynamics

Market Growth Drivers

Rising Prevalence: France faces a significant public health issue with over 30% of adults experiencing myopia, which creates a substantial patient base seeking effective corrective solutions. This high prevalence drives demand for LASIK surgery as a permanent alternative to glasses or contact lenses. As more individuals are diagnosed with vision issues, the need for advanced surgical options like LASIK continues to grow, bolstering the market.

Growing Disposable Income: With the French economy on a steady growth trajectory, many citizens are enjoying increased disposable income, making elective surgeries more financially viable. This rising income level encourages individuals to invest in personal health and appearance, contributing to a growing acceptance of LASIK as a life-enhancing procedure. The shift towards consumerism further fuels interest in aesthetic and health-related investments, expanding the market for LASIK.

Increasing Awareness and Marketing: Effective marketing campaigns by eye care providers and medical facilities have significantly raised awareness about the benefits of LASIK surgery among the French population. Public education initiatives focus on the safety, efficacy, and convenience of LASIK, attracting more potential patients. This increased visibility not only informs the public but also promotes a positive perception of LASIK, further driving demand.

Market Restraints

High Cost of Surgery: Despite the growing interest in LASIK, the procedure can be prohibitively expensive for many French citizens, especially relative to average national income levels. The high costs associated with advanced technologies and skilled surgeons create a significant financial barrier, limiting access to the broader population. This economic hurdle often leads potential patients to forgo surgery in favour of more affordable alternatives.

Limited Public Insurance Coverage: LASIK is primarily viewed as an elective procedure, leading to limited coverage under the French national health insurance system (Sécurité Sociale). Most patients must bear the full cost of surgery out of pocket, which can discourage those with financial constraints from pursuing the procedure. Although exceptional cases may receive coverage, these situations are rare and poorly defined, further complicating access.

Competition from Alternative: The presence of alternative vision correction options, such as contact lenses and spectacles, provides strong competition to LASIK surgery. Many individuals opt for these less invasive and often more affordable solutions, which can deter them from considering surgical options. This competition is particularly significant among those who prioritize lower initial costs or prefer non-surgical interventions.

Regulatory Landscape and Reimbursement Scenario

France has a comprehensive regulatory framework for LASIK surgery, overseen by several key bodies. The Ministry of Health defines the legal framework for medical procedures, including LASIK. The National Agency for the Safety of Medicines and Health Products (ANSM) regulates medical devices used in LASIK, ensuring they meet safety and efficacy standards. The National Council of the Order of Physicians (CNOM) sets ethical guidelines for medical practice, including ophthalmology. Key regulations for LASIK in France include strict pre-operative assessments, use of ANSM-approved devices, mandatory informed consent procedures, and standardized post-operative care protocols.

LASIK surgery in France is generally an elective procedure with limited reimbursement options. The French National Health Insurance (Sécurité Sociale) typically does not cover LASIK unless severe medical circumstances exist. Some private health insurance plans may offer partial coverage, but patients usually need to pay out-of-pocket. Costs can vary based on the surgeon's experience, technology used, and the facility, with some clinics offering financing options to help manage expenses.

Competitive Landscape

Key Players

Here are some of the major key players in the France LASIK Surgery

• Technolas Perfect Vision GMBH 
• Schwind Eye Tech Solution
• Abbott Laboratories
• Johnson & Johnson Services Inc.
• Carl Zeiss AG
• Bausch Health Companies Inc.
• Nidek Co. Ltd
• Zeimer Ophthalmic System AG
• Alcon Inc.
• Laser Sight Technologies, Inc