#Global Myopia And Presbyopia Treatment Market

[market-insider]

Myopia and Presbyopia Treatment: Emerging Technologies and Innovations

Both myopia and presbyopia are common vision conditions that can impact daily activities. Myopia, commonly known as nearsightedness, is a refractive error of the eye that causes distant objects to appear blurry, while close objects can be seen clearly. It occurs when the eyeball is slightly longer than normal or when the cornea (the clear front surface of the eye) has excessive curvature. As a result, light entering the eye focuses in front of the retina instead of directly on it, leading to blurred distance vision. People with myopia may have difficulty seeing road signs, distant objects, or the blackboard in a classroom. Myopia can develop during childhood and typically stabilizes in early adulthood, but in some cases, it may progress. Presbyopia is an age-related condition characterized by the gradual loss of the eye's ability to focus on close objects. It occurs due to a natural aging process that affects the lens inside the eye. The lens gradually becomes less flexible, making it challenging to focus on nearby objects, such as reading material or a smartphone. Presbyopia typically becomes noticeable around the age of 40 and continues to progress until around the age of 60. People with presbyopia may experience eye strain, difficulty reading small print, or the need to hold reading material at arm's length to see it clearly. It is a normal age-related change in vision and affects virtually everyone to some extent.

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Recent developments in Myopia Treatment:

Orthokeratology (Ortho-K) involves the use of specially designed gas-permeable contact lenses that are worn overnight to reshape the cornea temporarily. This technique aims to reduce or control myopia progression, particularly in children. Ongoing research has been exploring the effectiveness and safety of Ortho-K for myopia management. Studies have shown that low-dose atropine eye drops can slow down the progression of myopia in children. This treatment involves using a diluted concentration of atropine, a medication that temporarily dilates the pupils and relaxes the eye's focusing mechanism. Research has been focused on determining the optimal dosage and long-term effects of this treatment.

Recent developments in Presbyopia Treatment:

Intraocular lenses are artificial lenses implanted during cataract surgery to replace the eye's natural lens. Advancements in the design of accommodative IOLs aim to provide improved near vision by allowing the lens to change its shape or position, mimicking the natural focusing ability of the eye. Ongoing research continues to refine the technology and assess its long-term outcomes. Corneal inlays are small devices implanted into the cornea to enhance near vision in individuals with presbyopia. These inlays alter the eye's focusing power to improve near vision while maintaining good distance vision. Different types of corneal inlays are being developed, and clinical studies are underway to evaluate their safety and effectiveness. Laser blended vision is a technique that uses LASIK or PRK to adjust the dominant eye for distance vision and the non-dominant eye for near vision, creating a balance for improved overall vision. This approach aims to provide a range of vision for both near and distance tasks, reducing the need for reading glasses.

[bhushans]

A Market on the Move: Exploring Investment Opportunities in Global Refractive surgery device Market

The global refractive surgery devices market is set to experience steady growth, with market valuation anticipated to reach USD 213.0 million by the year 2024. According to recent industry projections, the market is expected to grow at a compound annual growth rate (CAGR) of 3.90% from 2024 to 2034, ultimately offering an absolute dollar opportunity of USD 312.3 million by the end of the forecast period.

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Key Takeaways:

Market Valuation: The refractive surgery device market is projected to reach a valuation of US$ 213.0 million by 2024.

Growth Rate: The market is expected to expand at a CAGR of 3.90% from 2024 to 2034.

Future Opportunity: By the end of 2034, the market is anticipated to offer an absolute dollar opportunity of US$ 312.3 million.

Driving Factors: Key factors fueling this growth include an increasing elderly population and the rise in screen time due to Covid-19 restrictions, leading to a higher prevalence of vision issues requiring correction.

Competitive Landscape:

Owing to its extended existence, the market for equipment used in refractive surgery is crowded with businesses that have established a solid presence abroad. The devices needed for refractive procedures are supplied by these firms to hospitals, ambulatory surgical centers, and emergency clinics.

Alcon Inc., Carl Zeiss Meditec AG, Johnson & Johnson Vision, Bausch + Lomb, NIDEK Co., Ltd., and Ziemer Ophthalmic Systems AG are a few of the leading businesses in the industry. These businesses spend billions of dollars developing innovative technology to streamline, expedite, and improve the quality of surgery.

Recent Developments

In June 2023, Eye-Q introduced an Advanced Customised LASIK machine at its Rewari eye-care facility, revolutionizing laser vision correction and eliminating the need for patients to travel to Gurugram. The hospital aimed to enhance the quality of life for individuals, particularly youth aged 18-35, by offering world-class eye-care treatments.

In September 2023, Alcon unveiled its largest-ever scientific program at the 41st Congress of the ESCRS in Vienna, Austria. The event showcased over 75 abstracts, presenting new data and innovations supporting ophthalmic surgical teams across cataract, refractive, visualization, and ocular health fields.

Key Companies in the Market:

Alcon Inc.

Carl Zeiss Meditec AG

Johnson & Johnson Vision

Bausch + Lomb

NIDEK Co., Ltd.

Ziemer Ophthalmic Systems AG

STAAR Surgical Company

Abbott Medical Optics

Topcon Corporation

Essilor International

Lumenis Ltd.

HOYA Corporation

Haag-Streit AG

Schwind eye-tech-solutions GmbH

iVIS Technologies

Oculentis GmbH

NIDEK Technologies Srl

Optovue, Inc.

OCULUS Optikgeräte GmbH

Rayner Intraocular Lenses Limited

Refractive Surgery Device Market Segmentation:

By Product Type:

Lasers

Microkeratome

Aberrometers

Other Product Types

By Application:

Myopia

Hyperopia

Astigmatism

Presbyopia

Dry Eyes

By End-use:

Hospitals

Ambulatory Surgery Centers

Ophthalmology Clinics

By Region:

North America

Latin America

Asia Pacific

Middle East and Africa (MEA)

Europe

[imarcmarketreport]

Vision Care Market Size, Share, Demand, Key players Analysis and Forecast 2024-2032

IMARC Group's report titled "Vision Care Market Report by Product Type (Glass Lenses, Contact Lenses, Intraocular Lenses, Contact Solutions, LASIK Equipment, Artificial Tears), Distribution Channel (Retail Stores, Online Stores, Clinics, Hospitals), and Region 2024-2032", The global vision care market size reached US$ 71.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 93.9 Billion by 2032, exhibiting a growth rate (CAGR) of 3% during 2024-2032. 

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Factors Affecting the Growth of the Vision Care Industry:

Increasing Prevalence of Vision Disorders:

The rising prevalence of vision disorders, including myopia, hyperopia, astigmatism, and presbyopia, is a significant driver of the vision care market. Factors such as increasing screen time, sedentary lifestyles, and aging populations contribute to the growing incidence of these conditions. This has led to a higher demand for vision care products and services, including corrective lenses, eyeglasses, and contact lenses.

Technological Advancements in Vision Care Products:

Continuous technological advancements in the vision care industry are driving market growth. Innovations in lens materials, coatings, and design contribute to improved vision correction, comfort, and aesthetics. The development of advanced contact lenses, such as those addressing specific eye conditions and incorporating smart technologies, further enhances the attractiveness of vision care products. Consumers are increasingly seeking products that offer not only effective vision correction but also additional features like UV protection, blue light filtering, and enhanced durability.

Increasing Awareness of Eye Health:

Growing awareness of the importance of eye health and regular eye examinations is a key factor driving the vision care market. Governments, healthcare organizations, and eye care professionals are actively promoting eye health initiatives, encouraging individuals to undergo routine eye check-ups. As a result, there is an increased focus on preventive and corrective measures, driving the demand for vision care products and services. This awareness also extends to the adoption of protective eyewear, contributing to the overall growth of the vision care market.

Leading Companies Operating in the Global Vision Care Industry:

Cummins Inc. (Stamford-Avk)

Mecc Alte SpA

Leroy-Somer, Inc.

Valeo Service SAS

DENSO Europe BV

Hyundai Electric & Energy Systems Co., Ltd

Vision Care Market Report Segmentation:

By Product Type: 

Glass Lenses

Contact Lenses

Intraocular Lenses

Contact Solutions

LASIK Equipment

Artificial Tears

Glass lenses represent the most popular product type driven by the traditional and widely used vision correction solution.

By Distribution Channel:

Retail Stores

Online Stores

Clinics

Hospitals 

Retail stores presently account for the largest market share as they offer unparalleled accessibility to consumers seeking vision care products.

Regional Insights:

North America (United States, Canada)

Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America (Brazil, Mexico, Others)

Middle East and Africa

North America exhibits a clear dominance in the market due to the growing healthcare infrastructure.

Global Vision Care Market Trends:

The market is primarily fueled by the widespread occurrence of visual impairments and eye-related disorders. Additionally, the market is experiencing growth due to factors such as the expanding elderly population, heightened screen time resulting from increased digitalization, and evolving lifestyles. The market landscape benefits from numerous advancements in medical technology, leading to innovative treatments for various eye conditions and instilling optimism among those seeking enhanced visual health. Another significant growth factor is the increasing consumer inclination to invest in high-quality eyewear, contact lenses, and surgical interventions.

Furthermore, there is a growing awareness and proactive approach toward maintaining optimal vision, including regular eye check-ups and the adoption of protective eyewear, thereby amplifying the demand for vision care products and services. Moreover, the market is witnessing a transformation of eyewear from being purely corrective to a fashionable accessory, influencing consumer preferences and driving market expansion.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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[omkarpatel]

Laser Vision Correction Market is Estimated to Witness High Growth Owing to Opportunity of Increased Adoption of Refractive Procedures

Laser vision correction techniques such as LASIK and PRK have made it possible for many people to become free from spectacles or contact lenses. Laser vision correction involves using ultra-precise lasers to reshape the cornea and correct vision. It provides improved outcomes for conditions like myopia, hyperopia, and astigmatism. The demand for laser eye surgeries is growing owing to the advantages they offer over wearing contact lenses or spectacles such as better vision quality and independence from glasses. The global Laser Vision Correction Market is estimated to be valued at US$ 1832.7 Million in 2023 and is expected to exhibit a CAGR of 5.50% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: The increasing adoption of refractive procedures is estimated to provide high growth prospects for the laser vision correction market. Refractive errors are among the most common vision conditions requiring corrections. The prevalence of myopia and hyperopia has been increasing globally. As per recent estimates, nearly 30% of the global population is expected to be affected by myopia by 2050. Moreover, awareness about laser vision correction treatments is growing significantly. This is prompting more people to opt for laser eye surgeries for refractive error corrections instead of wearing spectacles or contact lenses on a regular basis. The non-invasive nature and technological advancements in laser vision correction procedures are supporting their increased adoption globally. Porter’s Analysis Threat of new entrants: The threat of new entrants is moderate as establishing a laser eye surgery center requires high initial capital investment for specialized lasers, operating room equipment and trained staff. However, existing players have well established brand names.

Bargaining power of buyers: The bargaining power of buyers is high as there are many options available for laser vision correction and customers can easily switch between providers based on price and quality of service.

Bargaining power of suppliers: A few global players dominate the supply of excimer and femtosecond lasers used for laser eye surgeries. This gives them significant bargaining power over clinics and hospitals.

Threat of new substitutes: Threat from new substitutes is low as corrective lenses and glasses provide an alternative but laser vision correction offers a permanent solution without the hassles of using contact lenses or glasses.

Competitive rivalry: The market is highly competitive with major players constantly upgrading their laser technology and offering different treatments. SWOT Analysis Strengths: Non-invasive procedure, quick recovery time, permanent results without dependence on lenses or glasses.

Weaknesses: High costs, risks of complications, not suitable for all patients.

Opportunities: Growing geriatric population impacted by presbyopia and myopia. Rising disposable incomes in developing nations. Threats: Strict regulatory framework. Side effects and risks associated may impact demand. Key Takeaways The global Laser Vision Correction Market is expected to witness high growth. The market size is projected to reach US$ 3569.7 Million by 2030 from US$ 1832.7 Million in 2023, growing at a CAGR of 5.50% during 2023-2030. North America dominates the market currently due to growing prevalence of eye disorders and availability of advanced laser vision correction facilities. Asia Pacific is expected to grow at the fastest pace owing to rising medical tourism and increasing focus of global players on emerging countries in the region. Key players operating in the Laser Vision Correction market are Johnson & Johnson Private Limited, Alcon Management S. A., NIDEK CO., LTD., Bausch Health Companies Inc., Ziemer Ophthalmic Systems AG, SCHWIND eye-tech-solutions, and Coherent Corp. These players are involved in new product launches, partnerships and expansion strategies to strengthen their market presence.

[techninja]

The Future of Vision Correction: Custom LASIK Surgery Market Trends

Introduction

The Custom LASIK Surgery market has witnessed substantial growth in recent years, revolutionizing the field of vision correction. LASIK, or "Laser-Assisted In Situ Keratomileusis," is a surgical procedure that reshapes the cornea to improve vision. Custom LASIK takes this a step further by using advanced technology to provide personalized treatments, enhancing the accuracy and effectiveness of the procedure. This article delves into the dynamics of the Custom LASIK Surgery market, exploring the key drivers, trends, and challenges in this ever-evolving sector.

Market Overview

Custom LASIK, also known as Wavefront-guided LASIK, is a refractive surgery technique designed to address not only common vision problems such as myopia, hyperopia, and astigmatism but also higher-order aberrations that traditional LASIK cannot correct. Custom LASIK uses wavefront technology to create a three-dimensional map of the eye, providing surgeons with a detailed guide for precise corneal reshaping.

Market Drivers

1. Technological Advancements: The Custom LASIK Surgery market has been significantly driven by advancements in diagnostic and surgical equipment. The integration of wavefront technology, femtosecond lasers, and topography-guided systems has improved the precision and safety of the procedure, attracting more patients seeking customized vision correction.

2. Increasing Myopia Prevalence: Myopia, or nearsightedness, has been on the rise globally, especially among younger populations. This has boosted the demand for vision correction procedures, with Custom LASIK being a preferred choice due to its high success rate.

3. Aging Population: As the global population continues to age, the prevalence of presbyopia (age-related farsightedness) has increased. Custom LASIK can be tailored to address these specific vision issues, making it an attractive option for older individuals.

4. Patient-Centric Approach: The growing emphasis on patient satisfaction and customization in healthcare has extended to vision correction. Custom LASIK aligns with this trend by offering a tailored approach, increasing patient comfort and positive outcomes.

Market Trends

1. Blended Vision: An emerging trend in the Custom LASIK Surgery market is the adoption of blended vision techniques. This approach aims to provide a mix of distance and near vision correction, offering a more natural and continuous range of vision for patients, reducing the need for reading glasses.

2. Innovative Financing Models: Many clinics now offer financing options to make Custom LASIK more accessible to a broader patient base. These models can include payment plans, insurance coverage, or discounts, making the procedure more affordable.

3. Enhanced Safety Protocols: The focus on patient safety remains paramount. Continuous advancements in surgical techniques and equipment have improved the predictability and safety of Custom LASIK procedures, reducing the risk of complications.

Market Challenges

1. Regulatory Compliance: The Custom LASIK Surgery market faces stringent regulatory oversight to ensure the safety and effectiveness of procedures. Meeting these compliance requirements can be challenging for new entrants and smaller clinics.

2. Market Competition: The vision correction market is highly competitive, with several alternatives to LASIK, such as PRK (Photorefractive Keratectomy) and SMILE (Small Incision Lenticule Extraction). Custom LASIK must compete with these options while highlighting its unique advantages.

3. Patient Education: Many potential candidates for Custom LASIK may not fully understand the procedure or its benefits. Comprehensive patient education is crucial to overcoming this challenge and increasing market adoption.

Conclusion

The Custom LASIK Surgery market is poised for continued growth and innovation as it responds to the increasing demand for personalized vision correction. Technological advancements, a patient-centric approach, and evolving market trends are driving this sector forward. However, regulatory compliance, market competition, and patient education remain key challenges. As the market matures, it is essential for providers to focus on safety, innovation, and effective communication to ensure the long-term success of Custom LASIK Surgery as a transformative solution for vision correction.

[the-rachana]

Myopia and Presbyopia Treatment Market - Beyond Glasses and Contacts: Redefining Myopia and Presbyopia Treatment Options

Newark, New Castle, USA: The “Myopia and Presbyopia Treatment Market” provides a value chain analysis of revenue for the anticipated period from 2023 to 2031. The report will include a full and comprehensive analysis of the business operations of all market leaders in this industry, as well as their in-depth market research, historical market development, and information about their market competitors

This latest report researches the industry structure, sales, revenue, price and gross margin. Major producers’ production locations, market shares, industry ranking and profiles are presented. The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Myopia and Presbyopia Treatment manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases.

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Key Players in the Myopia and Presbyopia Treatment Market: – 

Ziemer Ophthalmic Systems AG

Johnson & Johnson Vision

NIDEK CO., LTD.

ALCON VISION LLC

Topcon Corporation

Essilor Ltd.

Zeiss International

Bausch & Lomb Incorporated

Haag-Streit UK

Market Segmentation: 

GLOBAL MYOPIA AND PRESBYOPIA TREATMENT MARKET - ANALYSIS & FORECAST, BY DISEASE TYPE

Myopia

Presbyopia

GLOBAL MYOPIA AND PRESBYOPIA TREATMENT MARKET - ANALYSIS & FORECAST, BY APPLICATION

Prescription Lenses

Contact Lenses

Surgery

Medication

Market segment by Region/Country including: –

-North America (United States, Canada and Mexico) -Europe (Germany, UK, France, Italy, Russia and Spain etc.) -Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.) -South America (Brazil, Argentina and Colombia etc.) -Middle East and Africa (South Africa, UAE and Saudi Arabia etc.)

This report also includes a discussion of the major players across each regional Myopia and Presbyopia Treatment market. Further, it explains the major drivers and regional dynamics of the global Myopia and Presbyopia Treatment market and current trends within the industry.

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Key Benefits for Industry Participants and Stakeholders One can find in-depth research data and industry trends of the Myopia and Presbyopia Treatment Market Research. The report offers details on potential investment opportunities, including those that are local and sector-specific that may benefit stakeholders and members of the industry. One can gain a thorough grasp of market dynamics by looking at prices as well as the activities of producers and consumers. With the use of market research, which will assist in discovering and visualizing new market participants as well as their portfolios, will be better able to make decisions and create an efficient counter strategy to maximize market advantage.

COVID 19 Impact Analysis

The Myopia and Presbyopia Treatment Market Research Reports include a thorough discussion of the coronavirus’s effects in addition to the major market trends. When considering the impact of the COVID-19 on the industry, insights, analysis, projections, and predictions are given in the report study.

Given the breadth of the pandemic’s disruption, it is evident that the current depression is fundamentally different from previous recessions. Due to the sudden drop in demand and growing unemployment, the business climate will alter. In this uncomfortable environment, businesses may carve new roads by embracing novel ideas like ”advance toward localization, cash conservation, supply chain resilience, and innovation.”

Myopia and Presbyopia Treatment Market TOC: https://www.growthplusreports.com/report/toc/myopia-and-presbyopia-treatment-market/9008

the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

This report stays updated with novel technology integration, features, and the latest developments in the market

This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Myopia and Presbyopia Treatment industry.

This report helps stakeholders to gain insights into which regions to target globally

This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Myopia and Presbyopia Treatment .

This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

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[healthcaremarketfmi]

Myopia and Presbyopia Treatment Market Size, Share, Future Road-map, Technological Innovations & Growth Forecast To 2032

The global myopia and presbyopia treatment market is set to witness an impressive growth rate of 8.5% over the forecasted years of 2022 to 2032. The myopia and presbyopia treatment market size is anticipated to reach a valuation of around US$ 40.5 Billion by the end of year 2032 from the current valuation of US$ 17.9 Billion in 2022.

According to the ‘World Report on Vision 2019’ issued by the World Health Organization, the yearly global costs of productivity losses linked with vision impairment from untreated myopia alone were projected to be US$ 244 Billion. In comparison to the preceding five years, the prevalence of myopia has climbed from 1.4% to 3% as revealed by myopia and presbyopia treatment market analysis report in 2020. As an inference, given the increase in myopia instances, the overall myopia and presbyopia treatment market is anticipated to rise rapidly over the next years.

Increasing government funding for conditions that cause visual impairment could help myopia and presbyopia treatment market size develop more broadly during the projected period. Additionally, the ability to prevent significant health problems including glaucoma, cataracts, and retinal damage if the condition is identified and treated early enough is also expected to fuel the expansion of the worldwide myopia and presbyopia treatment market during the projection period.

The myopia and presbyopia market growth is favored due to the rapid improvement in the treatment procedures and the expansion of eye clinics. Increase in the prevalence of visual impairments and brought on by these disorders and are observed to be boosting the global myopia and presbyopia treatment market share.

Higher use of contact lenses among the younger generation of present age, as well as surgical alternatives across the countries have boosted the myopia and presbyopia treatment business significantly.   Furthermore, the myopia and presbyopia treatment market opportunities is expanding as a consequence of technological introductions, an increase in optometrists, and rising consumer knowledge of available treatment alternatives.

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Key Takeaways from Myopia and Presbyopia Treatment Market Study

The overall growth of the global myopia and presbyopia treatment market is estimated to be around US$ 20.6 Billion over the forecasted years of 2022 to 2032 by following the average CAGR of 8.5%.

The net worth of the myopia and presbyopia treatment market size is predicted to reach around a valuation of US$ 40.5 Billion by the end of the year 2032.

In the myopia treatment market segment, the single prescription treatment is the dominating category of the overall market with revenue share of more than 30% generated globally.

In the presbyopia treatment category, the prescription lenses segment holds the largest share of more than 25% of the revenue generated globally.

Among the broad geographical regions, US myopia and presbyopia treatment market leads the target market with a strong foundation and infrastructure for the technological innovations pertaining to ocular treatment.

Competitive Landscape

Some of the well-known myopia and presbyopia treatment market players are Ziemer Ophthalmic Systems AG, NIDEK CO., LTD., Johnson & Johnson Vision, Essilor Ltd., Zeiss International, ALCON VISION LLC, Bausch & Lomb Incorporated, Haag-Streit UK, and Topcon Corporation among others.

Recent Developments in the Global Myopia and Presbyopia Treatment Market:

CooperVision began the Take Control: Myopia & You education campaign in October 2021 with the goal of raising attention and inspiring parents to seek eye checkups for their kids mostly in United States.

The Max orthokeratology lens from Euclid Systems Corp. was introduced in June 2021 that is intended to momentarily decrease myopia incidences.

[impossibledeanmakerwombat]

Myopia and Presbyopia Treatment Market Size, Share, Industry Analysis, Future Growth, Segmentation, Competitive Landscape, Trends and Forecast 2022 to 2032

The global myopia and presbyopia treatment market is predicted to be worth US$ 17.9 billion, growing at a CAGR of 8.5% between 2022 and 2032. By the end of 2032, the market share for myopia and presbyopia treatments is projected to be worth roughly US$40.5 billion.

According to the ‘World Report on Vision 2019’ issued by the World Health Organization, the yearly global costs of productivity losses linked with vision impairment from untreated myopia alone were projected to be US$ 244 Billion. In comparison to the preceding five years, the prevalence of myopia has climbed from 1.4% to 3% as revealed by myopia and presbyopia treatment market analysis report in 2020. As an inference, given the increase in myopia instances, the overall myopia and presbyopia treatment market is anticipated to rise rapidly over the next years.

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Myopia and Presbyopia Treatment Market by Segmentation

By Myopia Treatment Type:

Corrective

Surgical

Drugs

By Presbyopia Treatment Type:

Prescription Lenses

Contact Lenses

Intraocular Lenses

Refractive Surgery

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[waquasuniverse]

Myopia And Presbyopia Treatment Market Worth $33.7 Billion By 2030

Myopia And Presbyopia Treatment Market Worth $33.7 Billion By 2030

The global myopia and presbyopia treatment market size is expected to reach USD 33.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.5% from 2022 to 2030. Growing research and development in the targeted disorders is expected to drive the market considerably over the forecast period. Moreover, the growing prevalence of myopia…

[wemresearch]

Orthokeratology Market 2022 Key Players Data and Industry Analysis.

The Global Orthokeratology Market is cherished to reveal a substantial growth of a CAGR of 7.4% during the forecasted period of 2028 to 2030. The Global Orthokeratology Market was valued at USD 3,857 million in 2028 and is estimated to display a gigantic move of USD 4448.96 million by 2030

By using specially crafted contact lenses, the orthokeratology (Ortho-k) procedure temporarily alters the cornea's structure to lessen myopia (nearsightedness). Given that there is no surgery involved, the risk is lower than with refractive surgery. To correct or manage myopia, ortho-k lenses are also known as corneal reshaping contact lenses or nighttime contact lenses.

Reduced patient visits to hospitals and clinics to adhere to the limits and rules established by the governments to stop the virus' spread was the cause of the decline in orthokeratology sales. Additionally, the country-specific lockdowns disrupted the demand and supply chains, which had an adverse effect on market expansion. But since the epidemic began, there has been a significant change, and many more people are now more likely to have refractive defects. It is anticipated that the move toward online education and the widespread adoption of work-from-home policies by businesses would lead to an increase in peoples' overall screen time and an increase in refractive errors.

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Global Orthokeratology Market Segmentation Analysis:

Global Orthokeratology Market based on Lens Type

Fluorosilicone Acrylate

Silicone Acrylate

Balafilcon

Oprifocon A

Global Orthokeratology Market based on Product Type:

Overnight Ortho K Lenses

Daytime Ortho K Lenses

Global Orthokeratology Market by Application

Myopia

Presbyopia

Hyperopia

Astigmatism

Myopia treatment is anticipated to dominate the worldwide orthokeratology market due to rapid expansion in pervasiveness of myopia across the globe and adoption of orthokeratology lens for treatment.

Global Orthokeratology Market by Distribution Channel

Hospitals

Optometry Clinics

Ophthalmology Clinics

Others

Top Key Players:-

Bausch and Lomb Inc.

Art Optical Contact Lens Inc.

Autek China

Euclid Systems Corporation

Essilor International S.A.

E & E Optics

GP Specialists Inc.

Paragon Vision Sciences

Taiwan Macro Vision Corporation

The Cooper Companies Inc.

Menicon Co. Ltd.

TruForm Optics Inc.

Contex Inc.

MiracLens L.L.C.

Procornea

Brighten Optix

Visioneering Technologies, Inc.

CooperVision

CONTAMAC

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Frequently Asked Questions (FAQ):

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Contact Lenses Market Growth and Restrain Factors Analysis 2021 – 2031

The global contact lenses market is foreseen to find lucrative growth opportunities produced by specific types of products such as corrective contact lenses. Some of the important applications of corrective contact lenses include the treatment of visual deficiencies, viz. presbyopia, astigmatism, myopia, and hyperopia/hypermetropia. The growth of the market could be further expanded by the growing number of visual inaccuracies. Soft lens is anticipated to be a major contributor to the market because of its wide range of applications. Between 2017 and 2025, players could acknowledge developments in contact lens technology as a significant factor augmenting their market growth.

Drug delivering lenses and other trends have been growing in prominence in the recent time due to their increasing adoption. Players could sign up for long-term partnerships with distributors and suppliers in order to strengthen their geographical presence and product portfolios. For instance, Vision Direct Group Ltd. was acquired by Essilor International S.A. in 2016 to bolster the latter’s retail business and sale of online optical offerings.

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Contact Lenses Market Share Size, Demand, Key Players by Forecast 2030

Global Contact Lenses Market: Snapshot

The global contact lenses market is foreseen to find lucrative growth opportunities produced by specific types of products such as corrective contact lenses. Some of the important applications of corrective contact lenses include the treatment of visual deficiencies, viz. presbyopia, astigmatism, myopia, and hyperopia/hypermetropia. The growth of the market could be further expanded by the growing number of visual inaccuracies. Soft lens is anticipated to be a major contributor to the market because of its wide range of applications. Between 2017 and 2025, players could acknowledge developments in contact lens technology as a significant factor augmenting their market growth.

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Drug delivering lenses and other trends have been growing in prominence in the recent time due to their increasing adoption. Players could sign up for long-term partnerships with distributors and suppliers in order to strengthen their geographical presence and product portfolios. For instance, Vision Direct Group Ltd. was acquired by Essilor International S.A. in 2016 to bolster the latter’s retail business and sale of online optical offerings. On account of their ability to incorporate multiple prescriptions, multifocal lenses are predicted to embrace an amplified demand in the coming years. These are mainly engaged in the treatment of age-related ophthalmic diseases such as presbyopia.

The global contact lenses market is envisaged to perceive a rising count of consolidations brought about by the execution of strategic initiatives such as acquisitions, mergers, and alliances. This could be because of the loyalty base and brand value built up by market players while establishing their global footprint.

Global Contact Lenses Market: Overview 

Contact lenses are wafer-thin plastic lenses, placed directly on the eye ball to rectify vision or for decorative purposes. On account of being sensitive, they need to be handled carefully to prevent dislocation and infections. Depending upon the eye disorder, different types of contact lenses are available in the market, namely bifocal lens for astigmatism, scleral contact lenses, bifocal contact lenses, color contact lenses, and daily disposable contact lenses. 

Contact lenses have contributed substantially to the global eyewear and eye care industries. From being considered lifestyle products to becoming common eye accessories supplanting the traditional glasses – they have come a long way. 

Global Contact Lenses Market: Key Trends 

Two of the primary growth drivers in the global market for contact lenses are a wide array of lenses and competitive prices. Additionally, the burgeoning world population afflicted with different ophthalmic disorders such as refractory errors and weakened eyesight is also bolstering growth in the market. The youth are a major contributor to the sales in the market. Efforts by contact lens manufacturers to train people about the correct and safe use of contact lenses coupled with the different types of products available for sale has also led to an uptick in demand. 

Extra caution needs to be exercised while wearing contact lenses as they are placed directly on the cornea of the eye and can easily cause eye infections, ulcerations and other eye diseases. They also need to be stored and handled carefully. This is one factor that is posing a roadblock to their swift uptake. Further, the fact that most practitioners are not equipped enough to prescribe contact lenses in certain developing countries in Asia Pacific and Middle East, is also negatively impacting the market to some extent. 

Global Contact Lenses Market: Market Potential 

Exhaustive research and development to come up with cutting-edge contact lenses by integrating it with recent technologies is slated to revolutionize the market in the near future. Google and Novartis, for example, are working on a contact lens that can measure glucose levels. In fact, the smart contact lens is one of the most eagerly awaited medical IoT (Internet of Things) technologies. Such groundbreaking applications of contact lenses along with an ageing population, economic upliftment, resultant rise in GDP, and growing urbanization will spell tremendous opportunity for the market in the next couple of years. 

Among the different technologies used in manufacturing of contact lenses, cast molding technology contributes to a lion’s share in the revenue. Going forward, the contribution of lathe cutting technology to revenues will likely increase at maximum pace. 

Global Contact Lenses Market: Regional Outlook 

Geographically, the key segments of the global contact lenses market are Asia Pacific, North America, Europe, and the Rest of the World. Among them, North America leads the market with a dominant share on account of the increase in ophthalmic issues among people of all age groups. In terms of pace of growth, on the contrary, Asia Pacific is slated to overtake all other regions due to the growing awareness about correct usage and benefits of contact lenses, application of sophisticated technologies in the manufacture of contact lenses, rising fortunes of people, and swift pace of urbanization. 

Global Contact Lenses Market: Competitive Analysis 

The global contact lenses market is dominated by a handful of players and hence is consolidated in nature. The prominent players holding a sway over the market that have been studied in the report are Johnson & Johnson, Alcona Inc., the Cooper Companies, and Bausch and Lomb.

  Key questions answered in this report

What are the diverse growth parameters influencing the market?

Which regions will contribute largely to the growth of the market

What are the recent innovations and technological advancements in the market?

What are the emerging trends across the market?

How has COVID-19 affected the market?

What will be the post-pandemic scenario of the market?

What are the major threats that will dent the growth prospects of the market?

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