Mexico LASIK Surgery Market Analysis

Mexico LASIK Surgery Market Analysis


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Mexico LASIK Surgery Market was valued at $52.95 Mn in 2023 and is predicted to grow at a CAGR of 5.46% from 2023 to 2030, to $76.82 Mn by 2030. The key drivers of this industry include rising prevalence, increasing awareness, and medical tourism. The industry is primarily dominated by Johnson & Johnson Vision, Zeimer Ophthalmic System AG, Abbott, and Carl ZEISS AG, among others.

ID: IN10MXPH574 CATEGORY: Pharmaceuticals GEOGRAPHY: Mexico AUTHOR: Sarita Yadav

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Mexico LASIK Surgery Market Executive Summary

Mexico LASIK Surgery Market was valued at $52.95 Mn in 2023 and is predicted to grow at a CAGR of 5.46% from 2023 to 2030, to $76.82 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.

Leading causes of visual impairment and blindness in the US vary by ethnicity, with cataracts being the most prevalent condition across all groups: 42.2% in non-Hispanic Whites, 41.7% in African Americans, and 48.0% in Hispanics. Awareness of common eye diseases is high in Poland, though less than one-third recognize age-related macular degeneration. Vision impairment is significantly linked to increased mortality risk, with hazard ratios rising from 1.29 for visual acuity worse than 6/12 to 1.89 for worse than 6/60. Market is therefore driven by significant factors like rising prevalence, increasing awareness, and medical tourism. However, high cost for domestic patients, limited public insurance coverage, and concerns about safety and quality restrict the growth and potential of the market.

Mexico LASIK Surgery Market Report 2023 to 2030

Market Dynamics

Market Growth Drivers

Rising Prevalence: Mexico is witnessing a growing prevalence of vision issues, with studies indicating that over 27% of individuals aged 15 and older are affected by myopia. This significant patient population creates a strong demand for corrective procedures like LASIK surgery.

Increasing Awareness: There is a notable rise in awareness about LASIK surgery in Mexico, fueled by marketing efforts from eye care providers and medical facilities. Increased public education on the benefits of LASIK surgery is attracting potential patients and promoting market growth.

Medical Tourism: Mexico has become a favored destination for medical tourism, primarily due to lower healthcare costs compared to North America. This affordability makes LASIK surgery accessible to international patients, potentially boosting the market further.

Market Restraints

High Cost for Domestic Patients: Although LASIK surgery prices in Mexico are generally lower than in developed nations, they can still be prohibitively expensive for many Mexicans relative to average national incomes. This financial barrier limits access for a significant portion of potential patients.

Limited Public Insurance Coverage: LASIK surgery is classified as an elective procedure and is not typically covered by Seguro Popular, Mexico's public health insurance program. This lack of coverage adds to the financial strain for domestic patients considering LASIK.

Concerns about Safety and Quality: There may be apprehensions regarding the safety and quality standards of certain LASIK providers in Mexico. Establishing trust with qualified ophthalmologists and ensuring compliance with rigorous regulations is essential to alleviate these concerns.

Regulatory Landscape and Reimbursement Scenario

Mexico has a structured regulatory framework for LASIK surgery, primarily governed by the Federal Commission for the Protection against Sanitary Risks (COFEPRIS), 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 Mexico is generally classified as an elective procedure and is not typically covered by public health insurance programs like Seguro Popular, 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 Mexico 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 Mexico LASIK Surgery

  • MedicalMex
  • Schwind Eye Tech Solution
  • Abbott Laboratories
  • Johnson & Johnson Services Inc.
  • Carl Zeiss AG
  • Dr. Armando Capote
  • Nidek Co. Ltd
  • Zeimer Ophthalmic System AG
  • Alcon Inc.
  • Mexico Health Network

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

Mexico 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: Bhanu Pratap Singh

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