Brazil LASIK Surgery Market Analysis

Brazil LASIK Surgery Market Analysis


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Brazil LASIK Surgery Market was valued at $88.25 Mn in 2023 and is predicted to grow at a CAGR of 6.21% from 2023 to 2030, to $134.55 Mn by 2030. The key drivers of this industry include rising prevalence, evolving consumer habits, and technological advancements. The industry is primarily dominated by Johnson & Johnson Vision, Zeimer Ophthalmic System AG, Abbott, and Carl ZEISS AG, among others.

ID: IN10BRPH574 CATEGORY: Pharmaceuticals GEOGRAPHY: Brazil AUTHOR: Sarita Yadav

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Brazil LASIK Surgery Market Executive Summary

Brazil LASIK Surgery Market was valued at $88.25 Mn in 2023 and is predicted to grow at a CAGR of 6.21% from 2023 to 2030, to $134.55 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 Brazil, 7.4% of the population has a visual impairment, with 1.51% being blind, decreasing to 1.07% with refractive correction. Uncorrected visual impairment is 4.82%, dropping to 0.41% with correction. Major causes of visual impairment are refractive errors (76.8%), cataracts (over 60%), retinal disorders, glaucoma, and age-related macular degeneration. From 2010-2019, 1,859 deaths occurred from eye and adnexa cancers, primarily unspecified eye cancer (38.7%), malignant neoplasm of the orbit (22.6%), and malignant neoplasm of the retina (14.7%). Market is therefore driven by significant factors like rising prevalence, evolving consumer habits, and technological advancements. However, high costs, limited public insurance coverage, and uneven distribution of qualified surgeons restrict the growth and potential of the market.

Brazil LASIK Surgery Market Report 2023 to 2030

Market Dynamics

Market Growth Drivers

Rising Prevalence: Brazil has a significant population with vision issues, with studies indicating that over 36% of adults in urban areas suffer from myopia. This large patient pool creates substantial demand for corrective procedures like LASIK surgery, driving market growth.

Evolving Consumer Habits: The Brazilian economy's recent recovery has increased disposable income for many citizens. With more financial resources, individuals are more likely to consider elective procedures like LASIK that enhance their quality of life. Additionally, there's a growing trend in Brazil towards consumerism and investing in personal appearance and health.

Technological Advancements: Advancements in LASIK technology have led to greater precision, faster recovery times, and potentially lower complication rates. These improvements make LASIK a more attractive option for patients in Brazil, encouraging more individuals to opt for the procedure.

Market Restraints

High Costs: LASIK surgery can be expensive in Brazil, especially when compared to the average national income. This high cost can be a significant barrier for many Brazilians, limiting the accessibility of the procedure to a broader population.

Limited Public Insurance Coverage: LASIK surgery is generally considered an elective procedure and is not typically covered by Brazil's Unified Health System (Sistema Único de Saúde - SUS). This lack of coverage adds to the financial burden for patients considering the procedure, making it less accessible for many.

Uneven Distribution of Qualified Surgeons: Availability of qualified ophthalmologists trained in advanced LASIK procedures and well-equipped LASIK facilities is often concentrated in major cities. This concentration restricts access for people living in rural areas, limiting the procedure's reach and market growth in those regions.

Regulatory Landscape and Reimbursement Scenario

Brazil has a structured regulatory framework for LASIK surgery, primarily governed by the Brazilian Health Regulatory Agency (ANVISA), which ensures that all medical devices, including those used in LASIK, meet safety and efficacy standards before being marketed. The General Council of Medicine sets ethical guidelines for medical practices, including those relevant to ophthalmology, which LASIK surgeons are required to follow. Additionally, the Mexican Society of Ophthalmology promotes high standards and ethical practices within the field, further influencing LASIK procedures in the country.

LASIK surgery in Brazil is generally classified as an elective procedure and is not typically covered by public health insurance programs like SUS, which focuses on essential medical services. Some private health insurance plans provide partial coverage. Most patients ultimately pay out-of-pocket for LASIK surgery, although the costs are often lower than in North America, making Brazil a popular destination for medical tourism. Many LASIK clinics also offer financing options to help manage the financial burden of the procedure.

Competitive Landscape

Key Players

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

  • Rio de Janeiro
  • Schwind eye-tech-solutions
  • Abbott
  • Technolas Perfect Vision GMBH
  • Johnson and Johnson Private Ltd
  • Zeimer Ophthalmic System AG
  • Laser Sight Technologies, Inc
  • Bausch + Lomb Incorporate
  • Carl ZEISS AG
  • Nidek Co, Ltd

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Brazil LASIK Surgery Market Segmentation

By Type

  • Wavefront Optimized
  • Wavefront-Guided
  • Topography Guided
  • All Laser

By Vision Error

  • Myopia
  • Hyperopia
  • Astigmatism
  • Others

By Product

  • Excimer Laser
  • Femtosecond Laser

By End-User

  • Hospitals
  • Eye Care Clinic
  • LASIK Centers
  • Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.​

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

  • Analyzing historical proprietary data collected from multiple projects.
  • Regularly updating our existing data sets with new findings and trends.
  • Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

  • Searching through academic conferences, published research, citations, and social media platforms
  • Collecting and compiling diverse data to build a comprehensive and detailed database
  • Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

  • Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
  • Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
  • Continuously refreshing our database to ensure that the information remains current and reliable.
  • Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

  • Merging historical data from secondary research with real-time data from primary research.
  • Conducting thorough data validation and cleansing to remove inconsistencies and errors.
  • Organizing data into a structured format that is easily accessible and usable for various applications.
  • Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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Last updated on: 10 September 2024
Updated by: Ritu Baliya

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