RECENT NEWS
DailyFinance  Apr 14  Comment 
WEST CHESTER, PA -- (Marketwired) -- 04/14/14 -- A recent study from Ophthalmology(1) found Americans who live in cities with a high level of air pollution, including New York City, Chicago, and Los Angeles, have the greatest risk for dry...
DailyFinance  Apr 3  Comment 
SALT LAKE CITY, UT -- (Marketwired) -- 04/03/14 -- For the sixth year in a row, The Eye Institute of Utah is offering free LASIK, PRK, or ICL vision correction to four lucky winners of their annual Mother's Day contest. This year,...
DailyFinance  Feb 28  Comment 
BEVERLY HILLS, CA -- (Marketwired) -- 02/28/14 -- Dougherty Laser Vision -- Southern California's leading center for LASIK, lens implants and other advanced vision correction procedures -- is pleased to announce the launch of its Beverly...
Reuters  Feb 13  Comment 
Skin health company PhotoMedex Inc said it would buy LCA-Vision Inc , which provides laser vision correction services under the Lasik Plus brand, for about $106 million.
DailyFinance  Feb 11  Comment 
REDDING, CA -- (Marketwired) -- 02/11/14 -- Many Americans choose to correct their vision with LASIK, reducing or even eliminating their dependence on corrective eyewear, says Dr. Michael Sumsion, a Board-Certified Ophthalmologist. As a courtesy,...
DailyFinance  Jan 29  Comment 
LAGUNA HILLS, CA -- (Marketwired) -- 01/29/14 -- Dr. Charles C. Manger, founder and medical director of Saddleback Eye Center, today announced the launch of WOW LASIK(SM) -- a proprietary new LASIK procedure and patient experience...
DailyFinance  Jan 29  Comment 
OVERLAND PARK, KS -- (Marketwired) -- 01/29/14 -- Just over a month after naming Harry Campbell the new Chief Executive Officer (CEO) of Durrie Vision, the Kansas City LASIK and eye surgery practice has announced the appointment of two...
DailyFinance  Jan 21  Comment 
WEST CHESTER, PA -- (Marketwired) -- 01/21/14 -- According to an Eye Health Statistics report from the American Academy of Ophthalmology, Americans spend over $15 billion in eyewear each year. For many individuals looking to reduce their...
DailyFinance  Nov 25  Comment 
PALM HARBOR, FL -- (Marketwired) -- 11/25/13 -- Dr. Michael H. Manning heads a comprehensive ophthalmology practice that offers procedures ranging from LASIK and cataract surgery to aesthetic treatments designed to rejuvenate the areas...
BBC News  Jul 21  Comment 
Laser eye surgery firm Optical Express is saved from collapse by its founder, who has injected more money into the business, preventing the loss of 1,600 UK jobs.




 
TOP CONTRIBUTORS

Lasik surgery is a surgical procedure to correct vision. Because laser vision correction is not covered by Medicare, Medicaid, or most private insurance plans, consumers must pay directly out of pocket for such surgeries. As a result, demand for LASIK tends to be heavily correlated with economic conditions, especially in the U.S. A weak or uncertain economy can decrease sales in the laser vision correction division.[1] Furthermore, concerns about the safety of LASIK procedures have increased over the last few years. Some studies have found that as many as 18% of LASIK patients need retreatment. [2] The negative publicity resulting from such findings, as well as media coverage of individual negative experiences with LASIK add another downward pull to already weakened demand. Consequently, laser vision correction has been a flat market for the past few years, with roughly the same number of LASIK procedures performed each year (see chart below). Image:Lasik.JPG [3]


Investing in the success of LASIK procedures

A number of companies make LASIK surgery equipment, which they sell to doctors who then charge patients to perform the procedure.

  • Advanced Medical Optics (EYE) makes equipment for laser vision correction, along with medical devices for cataract surgery and contact lens solution. Laser Vision Correction accounted for 22% of the company's sales in 2006, and over a third of its revenue in 2007.[4]
  • Bausch & Lomb (BOL) Is the larges seller of LASIK equipment. However, the company is no longer publicly traded, having been purchase by private equity firm Warburg Pincus in 2007.

References

  1. AMO 2006 10-K, Item 1: Business, page 21
  2. "Lasik has 10% failure rate"
  3. TLC Vision 2006 10-K, Item 1: Business, page 5
  4. New York Times article on slowdown in Lasik surgery with slowing economy
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