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Blockchain Technology in Healthcare Market: Dissecting the Factors Steering Growth and Potential Risks
Blockchain Technology in Healthcare Market provides in-depth analysis of the market state of Blockchain Technology in Healthcare manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Blockchain Technology in Healthcare in these regions till the forecast period
North America
Middle East and Africa
Asia-Pacific
South America
Europe
Key Attentions of Blockchain Technology in Healthcare Market Report:
The report offers a comprehensive and broad perspective on the global Blockchain Technology in Healthcare Market.
The market statistics represented in different Blockchain Technology in Healthcare segments offers complete industry picture.
Market growth drivers, challenges affecting the development of Blockchain Technology in Healthcare are analyzed in detail.
The report will help in the analysis of major competitive market scenario, market dynamics of Blockchain Technology in Healthcare.
Major stakeholders, key companies Blockchain Technology in Healthcare, investment feasibility and new market entrants study is offered.
Development scope of Blockchain Technology in Healthcare in each market segment is covered in this report. The macro and micro-economic factors affecting the Blockchain Technology in Healthcare Market
Advancement is elaborated in this report. The upstream and downstream components of Blockchain Technology in Healthcare and a comprehensive value chain are explained.
Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/blockchain-technology-in-healthcare-market-100580
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**Myopia Control Lens Market Outlook Report Forecast 2022-2028**
The global Myopia Control Lens (Plastic Lens) market size is estimated to be worth US$ 604.94 million in 2021 and is forecast to a readjusted size of US$ 2,342.17 million by 2028 with a CAGR of 20.26% during the review period.
Myopia, also known as nearsightedness, is a condition in which distant objects appear blurry while close objects are clear. Myopia occurs when the eyeball is too long or when the cornea, the clear front surface of the eye, has too much curvature. Light rays entering the eye are focused in front of the retina instead of on the retina. This causes distant objects to appear blurry.
Report Sample includes: - Table of Contents - List of Tables & Figures - Charts - Research Methodology
Get FREE Sample of this Report at https://www.intelmarketresearch.com/download-free-sample/11/myopia-control-lens-market
Myopia typically develops in childhood and continues to progress through adolescence. Nearly one-third of Americans are myopic, and myopia is on the rise globally.
This report focuses on Myopia Control Lens (Plastic Lens) volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Myopia Control Lens (Plastic Lens) market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China, Japan, South Korea, Taiwan, etc.
The research report includes specific segments by region (country), by company, by Type and by End User. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment Analysis:
The research report includes specific segments by region (country), by manufacturers, by Type and by End User. Each type provides information about the production during the forecast period of 2017 to 2028. By End User segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Company
The global major manufacturers of Myopia Control Lens (Plastic Lens) include ZEISS, HOYA Corporation, EssilorLuxottica, Ovctek, Alpha Corporation, Paragon (CooperVision), EUCLID, Brighten Optix, and Lucid Korea, etc. In terms of revenue, the global 3 largest players have a 49.10% market share of Myopia Control Lens (Plastic Lens) in 2021.
ZEISS
HOYA Corporation
EssilorLuxottica
Ovctek
Alpha Corporation
Paragon (CooperVision)
EUCLID
Brighten Optix
Lucid Korea
Procornea (CooperVision)
WeiXing Optical
Contex
Jiangsu Green Stone Optical (SETO)
Conant
ZEISS
Segment by Type
Myopia Control Spectacle Lenses accounting for 59.60% of the Myopia Control Lens (Plastic Lens) global market in 2021, is projected to value US$ 1,443.36 million by 2028, growing at a revised 20.71% CAGR in the post-COVID-19 period. While Children (6-12 Years Old) segment is altered to a 20.37% CAGR throughout this forecast period and will hold a share about 89.21% in 2028.
Myopia Control Spectacle Lenses
Orthokeratology Lens
Segment by End User
Children (6-12 Years Old)
Teenagers (12-18 Years Old)
Consumption by Region
North America
U.S.
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Australia
Rest of APAC
Europe
Germany
France
U.K.
Italy
Russia
Spain
Rest of Europe
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Market Drivers:
Myopia, or nearsightedness, is a growing problem worldwide. The condition affects approximately 1.4 billion people globally, and the number is expected to rise to nearly 5 billion by 2050. Myopia occurs when the eye grows too long, preventing light from focusing directly on the retina and resulting in blurred vision.
There are several factors driving the myopia control lens market. One is the increasing prevalence of myopia, especially among children and young adults. This is due in part to increased screen time and other near work activities. Another driver is the availability of new myopia control lenses that can slow down the progression of myopia and even improve vision in some cases. And finally, insurance coverage for myopia control lenses is increasing, making them more accessible to patients.
With the rising prevalence of myopia and the availability of new, effective treatments, the myopia control lens market is expected to grow significantly in the coming years.
Market Challenges:
The myopia control lens market faces several challenges that may hamper market growth in the forecast period. These include high costs associated with myopia control lenses, lack of awareness among consumers, and competition from other vision correction options. Additionally, myopia is often diagnosed in young children, who may be unwilling or unable to wear corrective lenses. This presents a significant challenge for market growth, as early intervention is key to effective myopia control.
Key Indicators Analysed:
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Reasons to Purchase this Report:
Estimates 2022-2027 2021-2025 Cy Bar Report on, Status and Forecast, by Players, Types and Applications market development trends with the recent trends and SWOT analysis
Market dynamics scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
1-year analyst support, along with the data support in excel format.
Get the Complete Report & TOC at https://www.intelmarketresearch.com/life-sciences/11/myopia-control-lens-market
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#Myopia Control Lens Market#Myopia Control Lens#Myopia Control Lens Market sale#Myopia Control Lens Market price#Myopia Control Lens Market share#Myopia Control Lens Market value#Myopia Control Lens Market outlook#Myopia Control Lens Market trend
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Major Players in the global Fixed Focus Lens Market
The global lenses industry has experienced phenomenal growth in recent years. Inflation in the global economy has affected the global lenses industry in many ways. Some of these ways include high marketing costs, higher R&D budgets and reduced research and development budgets. However, all these are starting to change with the passage of time as globalization and digitization progress.
In this report include five industry-specific statistics for every global lenses manufacturer to look into. This market analysis report will look into the global lenses manufacturers market trends by region, product type, product segments and their profit margin by product family. These information are provided to allow you to make a well-informed decision on which global lenses manufacturer to partner with in order to realize maximum return on investment. The report also includes the industry definitions, financial metrics and other important and necessary information to help you make an informed decision.
Europe: Europe is one of the largest global lenses markets. It dominates the global lenses market with a global market share of almost 42%. The biggest market for fixed-focus lenses is Europe, which accounts for almost seventy percent of global lenses sales. Asia is second with almost twenty percent global lenses sales. A majority of global lenses is sold in Europe and Asia.
North America: North America is second largest global lenses manufacturer after Europe. It accounts for almost thirty percent of global lenses sales. The most popular types of lenses sold in the Americas are prisms, bifocal contact lenses, non-prescription colored contacts and disposable contact lenses. The second most popular product is the disposable variety. There is a large global demand for bi-focals due to their unique colors and other qualities in the lens.
Myopia Market: The global lenses market in Asia Pacific is dominated by two main products. These two products are the multifocal contacts and toric contacts. Although myopia conditions exist in many different ethnic groups around the globe, the primary cultural indicator of myopia is myopia toward close objects. Thus, Asian countries such as Japan, Taiwan, South Korea and Malaysia are the only places in the world where nearsightedness is not prevalent.
Globally, global lenses are used for a variety of purposes. They are ideal for those who need vision correction as well as those who like to change the shape of the eye or those who want to alter the colors of the eyes. With global lenses, everyone can experience vision correction without worrying about being labeled as a myopia patient.
The research team projects that the Lenses for Myopia Control market size will grow from XXX in 2020 to XXX by 2027, at an estimated CAGR of XX. The base year considered for the study is 2020, and the market size is projected from 2020 to 2027.
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with 10 major regions and 50 major countries. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
By Market Players:
ZEISS
HOYA Corporation
Ovctek
Alpha Corporation
Paragon
EUCLID
Brighten Optix
Lucid Korea
Procornea
WeiXing Optical
Contex
Jiangsu Green Stone Optical (SETO)
Conant
By Type
Spectacle Lenses
Contact Lenses
By Application
Children
Teenagers
By Regions/Countries:
North America
United States
Canada
Mexico
East Asia
China
Japan
South Korea
Europe
Germany
United Kingdom
France
Italy
Russia
Spain
Netherlands
Switzerland
Poland
South Asia
India
Pakistan
Bangladesh
Southeast Asia
Indonesia
Thailand
Singapore
Malaysia
Philippines
Vietnam
Myanmar
Middle East
Turkey
Saudi Arabia
Iran
United Arab Emirates
Israel
Iraq
Qatar
Kuwait
Oman
Africa
Nigeria
South Africa
Egypt
Algeria
Morocoo
Oceania
Australia
New Zealand
South America
Brazil
Argentina
Colombia
Chile
Venezuela
Peru
Puerto Rico
Ecuador
Rest of the World
Kazakhstan
Points Covered in The Report
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years data history and forecast.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.
The report focuses on Global, Top 10 Regions and Top 50 Countries Market Size of Lenses for Myopia Control 2016-2021, and development forecast 2022-2027 including industries, major players/suppliers worldwide and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with base year as 2020.
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2021 & Sales by Product Types.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2022-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast.
Market Analysis by Product Type: The report covers majority Product Types in the Lenses for Myopia Control Industry, including its product specifcations by each key player, volume, sales by Volume and Value (M USD).
Markat Analysis by Application Type: Based on the Lenses for Myopia Control Industry and its applications, the market is further sub-segmented into several major Application of its industry. It provides you with the market size, CAGR & forecast by each industry applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
COVID-19 Impact
Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Lenses for Myopia Control market in 2021. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
Global Lenses for Myopia Control Market Research Report 2021 Professional Edition Market report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
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Contact us: https://www.reportmines.com/contact-us.php
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Major Players in the global Fixed Focus Lens Market
The global lenses industry has experienced phenomenal growth in recent years. Inflation in the global economy has affected the global lenses industry in many ways. Some of these ways include high marketing costs, higher R&D budgets and reduced research and development budgets. However, all these are starting to change with the passage of time as globalization and digitization progress.
In this report include five industry-specific statistics for every global lenses manufacturer to look into. This market analysis report will look into the global lenses manufacturers market trends by region, product type, product segments and their profit margin by product family. These information are provided to allow you to make a well-informed decision on which global lenses manufacturer to partner with in order to realize maximum return on investment. The report also includes the industry definitions, financial metrics and other important and necessary information to help you make an informed decision.
Europe: Europe is one of the largest global lenses markets. It dominates the global lenses market with a global market share of almost 42%. The biggest market for fixed-focus lenses is Europe, which accounts for almost seventy percent of global lenses sales. Asia is second with almost twenty percent global lenses sales. A majority of global lenses is sold in Europe and Asia.
North America: North America is second largest global lenses manufacturer after Europe. It accounts for almost thirty percent of global lenses sales. The most popular types of lenses sold in the Americas are prisms, bifocal contact lenses, non-prescription colored contacts and disposable contact lenses. The second most popular product is the disposable variety. There is a large global demand for bi-focals due to their unique colors and other qualities in the lens.
Myopia Market: The global lenses market in Asia Pacific is dominated by two main products. These two products are the multifocal contacts and toric contacts. Although myopia conditions exist in many different ethnic groups around the globe, the primary cultural indicator of myopia is myopia toward close objects. Thus, Asian countries such as Japan, Taiwan, South Korea and Malaysia are the only places in the world where nearsightedness is not prevalent.
Globally, global lenses are used for a variety of purposes. They are ideal for those who need vision correction as well as those who like to change the shape of the eye or those who want to alter the colors of the eyes. With global lenses, everyone can experience vision correction without worrying about being labeled as a myopia patient.
The research team projects that the Lenses for Myopia Control market size will grow from XXX in 2020 to XXX by 2027, at an estimated CAGR of XX. The base year considered for the study is 2020, and the market size is projected from 2020 to 2027.
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with 10 major regions and 50 major countries. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
By Market Players:
ZEISS
HOYA Corporation
Ovctek
Alpha Corporation
Paragon
EUCLID
Brighten Optix
Lucid Korea
Procornea
WeiXing Optical
Contex
Jiangsu Green Stone Optical (SETO)
Conant
By Type
Spectacle Lenses
Contact Lenses
By Application
Children
Teenagers
By Regions/Countries:
North America
United States
Canada
Mexico
East Asia
China
Japan
South Korea
Europe
Germany
United Kingdom
France
Italy
Russia
Spain
Netherlands
Switzerland
Poland
South Asia
India
Pakistan
Bangladesh
Southeast Asia
Indonesia
Thailand
Singapore
Malaysia
Philippines
Vietnam
Myanmar
Middle East
Turkey
Saudi Arabia
Iran
United Arab Emirates
Israel
Iraq
Qatar
Kuwait
Oman
Africa
Nigeria
South Africa
Egypt
Algeria
Morocoo
Oceania
Australia
New Zealand
South America
Brazil
Argentina
Colombia
Chile
Venezuela
Peru
Puerto Rico
Ecuador
Rest of the World
Kazakhstan
Points Covered in The Report
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years data history and forecast.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.
The report focuses on Global, Top 10 Regions and Top 50 Countries Market Size of Lenses for Myopia Control 2016-2021, and development forecast 2022-2027 including industries, major players/suppliers worldwide and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications which will provide its price and profit status, and marketing status & market growth drivers and challenges, with base year as 2020.
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2021 & Sales by Product Types.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2022-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its production, consumption, import & export, sales volume & revenue forecast.
Market Analysis by Product Type: The report covers majority Product Types in the Lenses for Myopia Control Industry, including its product specifcations by each key player, volume, sales by Volume and Value (M USD).
Markat Analysis by Application Type: Based on the Lenses for Myopia Control Industry and its applications, the market is further sub-segmented into several major Application of its industry. It provides you with the market size, CAGR & forecast by each industry applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
COVID-19 Impact
Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Lenses for Myopia Control market in 2021. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
Global Lenses for Myopia Control Market Research Report 2021 Professional Edition Market report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
Global Remote Pets Training Collar Market Research Report 2021 Professional Edition Market
Global Pets Decoration Market Research Report 2021 Professional Edition Market
Global Touchless Bathroom Sink Faucets Market Research Report 2021 Professional Edition Market
Global Plant Essential Oil Market Research Report 2021 Professional Edition Market
Contact us: https://www.reportmines.com/contact-us.php
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MYOPIA AND PRESBYOPIA TREATMENT MARKET ANALYSIS
Myopia And Presbyopia Treatment Market, by Disease Type (Myopia and Presbyopia), by Treatment Type (Prescription Lenses, Contact Lenses, Surgery, Medication, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027
Press Releases : Myopia And Presbyopia Treatment Market
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Myopia (nearsighted) is the most common cause of impaired vision in people under age 40 while presbyopia is the normal loss of near focusing ability that occurs with age. The symptoms of myopia and presbyopia include squinting, eye strain, and headaches. The conditions can be corrected or treated with eyeglasses, contact lenses or refractive surgery. Moreover, eye drops containing medication are also emerging treatment for myopia and presbyopia. Increasing geriatric population is one of the major factors driving growth of the market, as presbyopia is an age-related visual impairment.
The global myopia and presbyopia treatment market is estimated to be valued at US$ 17.9 Billion in 2020 and is expected to exhibit a CAGR of 8.1% over the forecast period (2020-2027).
Figure 1. Global Myopia and Presbyopia Treatment Market Value (US$ Bn) & Y-o-Y Growth Analysis, (2016-2027)
Continuous product developments by leading players and research institutes is expected to drive growth of the myopia and presbyopia treatment market
The development and launching of innovative products such as eyeglasses, lenses, and other eye wears is expected to drive the market growth. Moreover, most of the players are also engaged in research and development activities, in order to develop medications for treating myopia and presbyopia treatment. For instance, on April 24, 2019, Sydnexis, Inc. initiated a phase 3 clinical trial study to evaluate the safety and effectiveness of SYD-101 sterile topical ophthalmic solution (atropine sulfate) in children with myopia. The study is estimated to be completed in July 2024. Also, on June 3, 2019, Eyenovia Inc. initiated phase 3 clinical trial study to evaluate the progression of myopia in participants using microdosed atropine 0.01%, atropine 0.1% or placebo ophthalmic solution. The study is estimated to be completed in May 2024.
Thus, such increasing number of lead candidates in late phase (phase 3), which may have potential to gain FDA approval for further use, is expected to drive growth of the global myopia and presbyopia treatment market during the forecast period.
The launch of new products by major players such as Alcon, Ophtec BV, BVI, BAUSCH + LOMB Incorporated, and others is a major factor that drives growth of the market. For instance, in March 2020, Alcon launched AcrySof IQ Vivity, a first-of-its-kind intraocular lens (IOL) (presbyopia-correcting IOLs (PC-IOLs)). In September 2018, OPHTEC BV launched a new IOL concept for the correction of presbyopia with an optic using the patented Continuous Transitional Focus (CTF) technology.
Global Myopia and Presbyopia Treatment Market: Impact of Coronavirus (Covid-19) Pandemic
Covid-19 outbreak has negatively impacted growth of the myopia and presbyopia treatment market, as small and medium ophthalmology practices have been completely shut down due to the lockdown in key regions and only large ophthalmology practices are remained open, which are dealing with emergency cases. This has reduced the number of patient visits to ophthalmology clinics and in turn, decreased demand for contact lenses, prescription lenses, and other eye wears.
Global Myopia and Presbyopia Treatment Market- Regional Analysis
On the basis of region, the global myopia and presbyopia treatment market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Among regions, North America is expected to exhibit high growth potential over the forecast period in the myopia and presbyopia treatment market, owing to increasing prevalence of myopia and presbyopia among the regional population. For instance, according to American Academy of Ophthalmology, in 2016, an estimated 9.6 Billion adults in the U.S. were highly myopic or severely nearsighted. Among these, around 820,000 have a degenerative form of the disease and over 41,000 suffer from a complication called myopic choroidal.
Moreover, presence of leading players such as Carl Zeiss, Visioneering Technologies, Inc., and Alcon in Europe region is expected to drive growth of the Europe myopia and presbyopia treatment market, as these players are continuously focusing on product development and launches. For instance, in February 2019, Visioneering Technologies, Inc. launched NaturalVue Brand Contact Lenses for myopia progression control & presbyopia in the U.K.
Figure 2: Global Myopia and Presbyopia Treatment Market Share (%) in Terms of Value, By Region (2020 & 2027)
Global Myopia and Presbyopia Treatment Market- Competitive Landscape
Key players operating in the global myopia and presbyopia treatment market include ALCON Inc., Bausch Health Companies Inc., EssilorLuxottica (Essilor Ltd.), Johnson & Johnson Vision, NIDEK CO. LTD., Topcon Corporation, Zeimer Ophthalmic Systems AG, and ZEISS International.
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OPHTHALMIC REFRACTOMETER MARKET ANALYSIS(2020-2027)
Ophthalmic Refractometer Market, by Product Type (Automatic (Portable/Handheld and Non Portable) and Semi–Automatic), by End User (Optometric Centers, Hospitals/Clinics and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027
Ophthalmic refractometer is an equipment which is used for measuring lens strength and power, in order to provide patients with proper eyeglasses for correcting their vision. Common types of vision impairments in patients are myopia, hyperopia and astigmatism among others. Most of the eye problems arise from stress, unhealthy lifestyle, improper nutrition, underlying diseases, genetic disorders etc.
Manufacturers are engaged in developing various types of innovative and modified ophthalmic refractometer equipment such as auto refractors which are highly portable compared to the traditional ophthalmic refractometer. Such innovations help in providing quality diagnosis to patients and is expected to drive the growth of the global ophthalmic refractometer market during the forecast period.
Global Ophthalmic Refractometer Market – Impact of the Coronavirus (COVID-19) Pandemic:
COVID-19 pandemic is expected to hamper growth of the global ophthalmic refractometer market during the forecast period. On 11th March 2020, the World Health Organization declared COVID-19 as a pandemic. This led regulatory authorities across the globe to implement major changes in clinical practices in order to curb the spread of COVID-19. According to the data published in Center for Disease Control and Prevention, in 2020, the coronavirus can also enter the body of a person through the mucous membranes of the eyes. Therefore, according to the regulatory authorities, clinicians should interact with the patients through telemedicine for the treatment of eye disorders. Only under emergency cases, such as glaucoma, partial blindness etc. patients are treated in the hospitals and clinics and the procedure is carried out under stringent conditions.
The global ophthalmic refractometer market is estimated to be valued at US$ 192.8 million in 2020 and is expected to witness a robust CAGR of 2.3% over the forecast period (2020 - 2027).
Figure 1: Global Ophthalmic Refractometer Market Share (%) Analysis, By Product Type, 2020
Launch of products by key players is expected to drive the growth of the global ophthalmic refractometer market during the forecast period.
Market players are engaged in launching innovative products which is expected to drive the growth of the global ophthalmic refractometer market. For instance, in 2019, NIDEK CO., LTD., launched the Auto Ref/Keratometer/Auto Refractometer whose functions are fully automatic. The device works by just placing the chin on the chin rest. The voice guidance feature allows smooth and easy measurement for the operator.
The rising prevalence of diabetes is also expected to increase the number of visual impairment cases. This in turn, is expected to drive the growth of the ophthalmic refractometer market during the forecast period.
The rising incidence of diabetes among the population is expected to favor growth of the global ophthalmic refractometer market during the forecast period. For instance, according to the data published in the International Diabetes Federation, 2020, Diabetes causes eye problems such diabetic retinopathy, cataract, diabetic macular edema, glaucoma, and double vision in patients. Moreover, according to the same source, diabetic retinopathy is a common and leading cause of blindness in the diabetic population who are in the age group of 20 – 65 years. Furthermore, one in three people with diabetes develop diabetic retinopathy at some point in their life time. The occurrence of diabetic retinopathy can be prevented by following a healthy life style and taking the prescribed medication as required.
Global Ophthalmic Refractometer Market – Restraints:
High cost of equipment is expected to restrain the global ophthalmic refractometer market growth during the forecast period. For instance, cost of a single ophthalmic refractometer is in the range of US$ 3,751.11 million to US$ 5,115.15 million, hence hospitals and some ophthalmic clinics have less access to such costly ophthalmic refractometer.
Moreover, while using auto refractors, manual examination of the patient’s eyes is not required. The disadvantages of using an auto refractor include the possibility of calibration errors which can interfere with results and may not diagnose the condition of the patients properly. Moreover, co-operation of the patients is also required during the diagnosis process.
Global Ophthalmic Refractometer Market – Regional Analysis:
On the basis of region, the global ophthalmic refractometer market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.
North America is expected to hold the dominant position in the global ophthalmic refractometer market during the forecast period owing to the increasing prevalence of age-related macular degeneration among the population. For instance, according to the American Academy of Ophthalmology, in 2019, in the U.S., age-related macular degeneration (AMD) is one of the leading causes of blindness in one or both eyes among individuals over the age of 50. An estimated 15 million people in North American are suffering from AMD, out of which 85–90% of the population has dry AMD, while, 10 – 15% has wet AMD. The greater percentage of the population in the U.S. is above the age of 60 and it has been predicted that the number of patients suffering from AMD will increase by 60% by the end of 2020.
Europe is expected to be an emerging ophthalmic refractometer market during the forecast period, owing to product launches in the region. For instance, in 2016, Topcon Corporation, a Japanese manufacturer, launched auto kerato-refractometer KR-800A in Europe. 3D auto alignment function and 8.5 inch touch screen panel makes the device easier to use and also increases efficiency of the results.
Figure 2: Global Ophthalmic Refractometer Market Value (US$ Mn) & Y-o-Y Growth (%), 2019 - 2027
Global Ophthalmic Refractometer Market – Competitive Landscape:
Major players operating in the global ophthalmic refractometer market are Topcon Corporation, NIDEK CO., LTD., Birmingham Optical Group Ltd., EyeQue Corporation, Eye Care Leaders, LLC, Essilor International S.A., VIEWLIGHT LLC, Canon Inc., Takagi Ophthalmic Instruments Europe Ltd., Luneau Technology Operations SAS and Carl Zeiss AG.
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Single Vision Lenses Market Developments, and Technology Advancement 2020 to 2027
Research Kraft has provided an exclusive analysis of global Single Vision Lenses Market Size, Status and Forecast to 2027 gives a detailed analysis of the market with key company profiles. The report gives a thorough evaluation of the market structure which fuses evident perceptions about the market for a predicted timeframe from 2020 to 2027. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors in strategic decision making.
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The analysis of the market are explained below:
Leading key players in the market are: Essilor, ZEISS, HOYA, Rodenstock, Nikon, SHAMIR, VISION-EASE LENS, Mingyue, Conant, Wanxin, SEIKO Global Single Vision Lenses Market Segment by Applications considering Consumption Growth Rate and Market Share:
Myopia
Hyperopia
Others
worldwide Single Vision Lenses Market Segment by Product Types considering Production, Revenue (Value), Price Trends:
Plastic Single Vision Lenses
Polycarbonate Single Vision Lenses
High-index Single Vision Lenses
Region Analysis
The report analysis of the markets across five major regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America. The exhaustive PEST analysis is done for each region to assess major external factors which may influence Single Vision Lenses Market in the coming years.
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Fathom the present and unavoidable predetermination of the Single Vision Lenses Market in both made and making markets.
Extra and cut time doing zone level examination by watching the new development, size, driving players and parts inside the general Market.
The report edifies the bit expected to overwhelm the Single Vision Lenses industry and market.
To look at and consider the market status and hypothesis among as a rule enormous zones.
To examine the general key regions advance potential and bolstered position, opportunity and challenge, controls and dangers.
Emerging niche segments and regional markets.
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By 2026, Orthokeratology Market To Surpass US$ 68 Million - Coherent Market Insights
Orthokeratology Market To exhibit a CAGR of 7.0% over the forecast period (2018 - 2026).
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Description:
Orthokeratology (Ortho-k) is a process that uses specially designed contact lenses to temporarily reshape outline of the cornea to reduce myopia (nearsightedness). It is a non-surgical procedure, which offers advantage of reduced risk in comparison to refractive surgery. Ortho-k lenses are also termed as corneal reshaping contact lenses or overnight contact lenses to correct or control myopia.
These lenses are prescribed to correct refractive errors primarily nearsightedness, astigmatism, and hyperopia. In some cases, ortho-k is also used to correct presbyopia and to slow the progression of childhood myopia. According to a study published by American Academy of Optometry 2015, use of orthokeratology lenses led to a consistent reduction in myopia progression of around 45% for a period of two-year and 30% over five years, in terms of axial length.
The global orthokeratology market size was valued at US$ 37.6 million in 2017, and is expected to witness a CAGR of 7.0% over the forecast period (2018 – 2026).
Global Orthokeratology Market Revenue (US$ Mn), By Application, 2017
Orthokeratology | Coherent Market Insights
Source: Coherent Market Insights Analysis (2018)
Increasing prevalence of myopia and high myopia worldwide are expected to drive growth of the orthokeratology market
The prevalence of myopia and high myopia is increasing worldwide at a significant rate. Myopia is a major public health concern and high myopia is ranked second, as the leading cause of visual impairment worldwide. According to the National Center for Biotechnology Information (NCBI) 2016 report, in East Asia, nearly 50% of urban population suffered from myopia and the prevalence among students was around 90%.
Moreover, onset of visual complications from myopia occurs earlier than other causes of blindness such as cataract and thus its impact on quality of life is also observed earlier. According to the Eye Contact Lens journal 2018 study, the economic burden of eye diseases in the U.S. is around US$ 139 billion, with nearly US$ 16 billion spent on myopia correction alone. Therefore, methods for preventing myopia and controlling its progression have high demand across the globe.
Moreover, prolong usage of laptops, smartphones, and tablets is causing digital eye strain leading to permanent eye damage among kids and young population. Young people whose nearsightedness is progressively increasing are the most suitable candidates for orthokeratology. All these factors are collectively increasing the demand for ortho-K eventually driving the orthokeratology market growth.
Orthokeratology Market Restraints
According to the NCBI 2016 report, factors such as onset of microbial keratitis, lack of training of practitioners and wearers, poor compliance to lens care regimens, improper fitting procedures, and lost to routine follow-ups can decrease the adoption of orthokeratology.
Fitting orthokeratology lenses is a more time-consuming process and requires more expertise than fitting regular contact lenses. Ortho-K lens requires a series of office visits and potentially multiple sets of lenses. Therefore, it increases the overall treatment costs, which can be a significant factor limiting the orthokeratology market growth.
Moreover, the cost of ortho-k, including follow-up care can vary significantly depending on the type and degree of refractive error and duration of myopia correction. In 2016, Ortho-k prices in the U.S. ranged from US$ 1,000 to US$ 2,000 (for both eyes). This cost can increase up to US$ 4,000 based on the difficulty of cases. Furthermore, orthokeratology is not covered completely by vision care insurance plans.
Orthokeratology Market - Regional Insights
On the basis of region, the global orthokeratology market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Europe is expected to generate a significant revenue share in global orthokeratology market in 2026, owing to increasing burden of short-sightedness among the regional population. According to a study published by Ulster University in 2015, rate of short-sightedness in the U.K. has doubled over the past 50 years, as children no longer spend enough time outdoors. Moreover, around 23% of teens suffer from myopia in the country.
Rapid increase of childhood myopia in Asia population is the major factor propelling demand for orthokeratology in the region. According to the Lancet Journal 2012 data, high myopia affects nearly 20% of secondary school children in East Asia and is associated with sight-threatening irreversible pathologies. According to a 2016, study published by National Center for Biotechnology Information (NCBI), the prevalence of myopia is highest in East Asia, as 50% myopic people live in Japan, China, Singapore and the Republic of Korea.
Global Orthokeratology Market Value (US$ Mn) & Y-o-Y Growth (%)
Orthokeratology | Coherent Market Insights
Source: Coherent Market Insights Analysis (2018)
Orthokeratology Market - Competitive Landscape
Key players operating in the global orthokeratology market include Autek China, Alpha Corporation, Bausch and Lomb Inc., Euclid Systems, E & E Optics, Essilor International S.A., GP Specialists, Paragon Vision Sciences, Procornea, and Taiwan Macro Vision Corporation.
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Myopia Control Lens Market Trend Report Forecast 2022-2028
The global Myopia Control Lens (Plastic Lens) market size is estimated to be worth US$ 604.94 million in 2021 and is forecast to a readjusted size of US$ 2,342.17 million by 2028 with a CAGR of 20.26% during the review period.
Myopia, also known as nearsightedness, is a condition in which distant objects appear blurry while close objects are clear. Myopia occurs when the eyeball is too long or when the cornea, the clear front surface of the eye, has too much curvature. Light rays entering the eye are focused in front of the retina instead of on the retina. This causes distant objects to appear blurry.
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Myopia typically develops in childhood and continues to progress through adolescence. Nearly one-third of Americans are myopic, and myopia is on the rise globally.
This report focuses on Myopia Control Lens (Plastic Lens) volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Myopia Control Lens (Plastic Lens) market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China, Japan, South Korea, Taiwan, etc.
The research report includes specific segments by region (country), by company, by Type and by End User. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment Analysis:
The research report includes specific segments by region (country), by manufacturers, by Type and by End User. Each type provides information about the production during the forecast period of 2017 to 2028. By End User segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
By Company
The global major manufacturers of Myopia Control Lens (Plastic Lens) include ZEISS, HOYA Corporation, EssilorLuxottica, Ovctek, Alpha Corporation, Paragon (CooperVision), EUCLID, Brighten Optix, and Lucid Korea, etc. In terms of revenue, the global 3 largest players have a 49.10% market share of Myopia Control Lens (Plastic Lens) in 2021.
ZEISS
HOYA Corporation
EssilorLuxottica
Ovctek
Alpha Corporation
Paragon (CooperVision)
EUCLID
Brighten Optix
Lucid Korea
Procornea (CooperVision)
WeiXing Optical
Contex
Jiangsu Green Stone Optical (SETO)
Conant
ZEISS
Segment by Type
Myopia Control Spectacle Lenses accounting for 59.60% of the Myopia Control Lens (Plastic Lens) global market in 2021, is projected to value US$ 1,443.36 million by 2028, growing at a revised 20.71% CAGR in the post-COVID-19 period. While Children (6-12 Years Old) segment is altered to a 20.37% CAGR throughout this forecast period and will hold a share about 89.21% in 2028.
Myopia Control Spectacle Lenses
Orthokeratology Lens
Segment by End User
Children (6-12 Years Old)
Teenagers (12-18 Years Old)
Consumption by Region
North America
U.S.
Canada
Mexico
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Australia
Rest of APAC
Europe
Germany
France
U.K.
Italy
Russia
Spain
Rest of Europe
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Market Drivers:
Myopia, or nearsightedness, is a growing problem worldwide. The condition affects approximately 1.4 billion people globally, and the number is expected to rise to nearly 5 billion by 2050. Myopia occurs when the eye grows too long, preventing light from focusing directly on the retina and resulting in blurred vision.
There are several factors driving the myopia control lens market. One is the increasing prevalence of myopia, especially among children and young adults. This is due in part to increased screen time and other near work activities. Another driver is the availability of new myopia control lenses that can slow down the progression of myopia and even improve vision in some cases. And finally, insurance coverage for myopia control lenses is increasing, making them more accessible to patients.
With the rising prevalence of myopia and the availability of new, effective treatments, the myopia control lens market is expected to grow significantly in the coming years.
Market Challenges:
The myopia control lens market faces several challenges that may hamper market growth in the forecast period. These include high costs associated with myopia control lenses, lack of awareness among consumers, and competition from other vision correction options. Additionally, myopia is often diagnosed in young children, who may be unwilling or unable to wear corrective lenses. This presents a significant challenge for market growth, as early intervention is key to effective myopia control.
Key Indicators Analysed:
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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Estimates 2022-2027 2021-2025 Cy Bar Report on, Status and Forecast, by Players, Types and Applications market development trends with the recent trends and SWOT analysis
Market dynamics scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
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#Myopia Control Lens Market#Myopia Control Lens#Myopia Control Lens Market sale#Myopia Control Lens Market price#Myopia Control Lens Market value#Myopia Control Lens Market share#Myopia Control Lens Market outlook#Myopia Control Lens Market trend
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Orthokeratology Market - Size, Share, Trends, and Forecast to 2026
Orthokeratology Market – Insights
Orthokeratology (Ortho-k) is a process that uses specially designed contact lenses to temporarily reshape outline of the cornea to reduce myopia (nearsightedness). It is a non-surgical procedure, which offers advantage of reduced risk in comparison to refractive surgery. Ortho-k lenses are also termed as corneal reshaping contact lenses or overnight contact lenses to correct or control myopia.
These lenses are prescribed to correct refractive errors primarily nearsightedness, astigmatism, and hyperopia. In some cases, ortho-k is also used to correct presbyopia and to slow the progression of childhood myopia. According to a study published by American Academy of Optometry 2015, use of orthokeratology lenses led to a consistent reduction in myopia progression of around 45% for a period of two-year and 30% over five years, in terms of axial length.
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The global orthokeratology market size was valued at US$ 37.6 million in 2017, and is expected to witness a CAGR of 7.0%over the forecast period (2018 – 2026).
Increasing prevalence of myopia and high myopia worldwide are expected to drive growth of the orthokeratology market
The prevalence of myopia and high myopia is increasing worldwide at a significant rate. Myopia is a major public health concern and high myopia is ranked second, as the leading cause of visual impairment worldwide. According to the National Center for Biotechnology Information (NCBI) 2016 report, in East Asia, nearly 50% of urban population suffered from myopia and the prevalence among students was around 90%.
Moreover, prolong usage of laptops, smartphones, and tablets is causing digital eye strain leading to permanent eye damage among kids and young population. Young people whose nearsightedness is progressively increasing are the most suitable candidates for orthokeratology. All these factors are collectively increasing the demand for ortho-K eventually driving the orthokeratology market growth.
Orthokeratology Market Restraints
According to the NCBI 2016 report, factors such as onset of microbial keratitis, lack of training of practitioners and wearers, poor compliance to lens care regimens, improper fitting procedures, and lost to routine follow-ups can decrease the adoption of orthokeratology.
Fitting orthokeratology lenses is a more time-consuming process and requires more expertise than fitting regular contact lenses. Ortho-K lens requires a series of office visits and potentially multiple sets of lenses. Therefore, it increases the overall treatment costs, which can be a significant factor limiting the orthokeratology market growth.
Orthokeratology Market - Regional Insights
On the basis of region, the global orthokeratology market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Europe is expected to generate a significant revenue share in global orthokeratology market in 2026, owing to increasing burden of short-sightedness among the regional population. According to a study published by Ulster University in 2015, rate of short-sightedness in the U.K. has doubled over the past 50 years, as children no longer spend enough time outdoors. Moreover, around 23% of teens suffer from myopia in the country.
Rapid increase of childhood myopia in Asia population is the major factor propelling demand for orthokeratology in the region. According to the Lancet Journal 2012 data, high myopia affects nearly 20% of secondary school children in East Asia and is associated with sight-threatening irreversible pathologies.
Orthokeratology Market - Competitive Landscape
Key players operating in the global orthokeratology market include Autek China, Alpha Corporation, Bausch and Lomb Inc., Euclid Systems, E & E Optics, Essilor International S.A., GP Specialists, Paragon Vision Sciences, Procornea, and Taiwan Macro Vision Corporation.
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Contact Lens Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026
A contact lens is a medical device used for cosmetic and therapeutic reasons, primarily for vision correction. Contact lens provides enhanced peripheral vision as it does not accumulate moisture from the atmosphere. The vast variety and affordability of contact lens make it a common lifestyle product. Contact lens provides high compatibility as it can be worn along with other eye wear choices such as sunglasses. Lenses offer clear peripheral and all around vision, eliminating glare. Hence contact lenses are more comfortable than spectacles. Corrective contact lens is widely used as it corrects refractive errors efficiently, compensates for visual deficiencies, and typically improves conditions such as myopia, hyperopia, astigmatism, and presbyopia. Owing to the computer controlled, automated production of contact lenses with the help of cast molding technology, higher accuracy and quality are assured in the final product. Contact lenses are classified based on their material, wear schedule, and primary function into multifocal contact lens, monovision, and corrective contact lenses.
Rising incidences of ophthalmic disorders is expected to drive market
According to the National Eye Institute, around 2.9 million Americans had ophthalmic disorders in 2015, which is expected to increase to 5 million by 2030. In addition to this, technological advancements in contact lens manufacturing, increasing global population, and desire to make fashion statements are projected to be the major factors driving market growth. With added advantages such as unique aquaform comfort technology, breathable lens, added hydration, and oxygen permeability, the global contact lens market is on the surge to rise drastically.
Silicone hydrogel lens offers excellent eye care and is expected to gain immense popularity
The global contact lens market is segmented on the basis of product type, lens design type, application, and geography.
On the basis of product type, the global contact lens market is segmented into:
Rigid Permeable Gas lens
Soft lens
Hybrid lens
On the basis of lens design type, the global contact lens market is segmented into:
Spherical
Toric
Multifocal
Others
On the basis of application, the global contact lens market is segmented into:
Corrective
Therapeutic
Prosthetic
Cosmetic
Integration of digital technology with contact lenses is expected to bolster market growth in Asia Pacific
Regional segmentation of the contact lens market by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to the U.S. Centers for Disease Control and Prevention, there were 40.9 million contact lens users in the U.S. in 2016 and the number is expected to rise drastically, making North America dominant in contact lens market. Also, the high performance of disposable contact lens segment, rise in number of senior ophthalmological patients, and ophthalmic issues in young people have led to surge in demand for contact lenses in North America. According to the World Health Organization, up to 20 million Asians are estimated to get affected by eye-related disorders such as cataract, myopia, glaucoma, and age related macular degeneration by 2030. However, growing awareness, safety, and affordability will propel the global contact lenses market growth in Asia Pacific during the forecast period.
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Acuvue lenses are the largest prescribed contact lenses ruling the global contact lens market
Key players operating in the contact lens market are Novartis International AG, Menicon Group, The Cooper Companies, Inc., Carl Zeiss AG, Baush and Lomb, Air Optix, Essilor, Conforma, Menicon, UltraVision, and Wesley Jessen. Bioinfinity and Biomedics are two commonly used lenses owing to their superior optic quality.
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Intraocular Lens (IOL) Market Strategy, Sales Revenue, Opportunities and Challenges till 2025
June 04, 2021: In line with the report published by the experts, the global Intraocular Lens (IOL) Market was projected at US$ 3.27 billion in 2016 and is estimated to reach US$ 5.54 billion by the completion of the year 2025.
Intraocular Lens (IOL) is a lens which is normally inserted in the eyes. These lenses are pretty operative in treating cataracts or myopia. Pseudophakia IOL is a communal category of IOL. As a whole, this is entrenched at the time of cataract surgical treatment. Doctors take away the hazy crystal-like lens, prior to using this lens. This IOL substitutes the crystal-like lens to deliver a purpose of directing of the light. Additional category of Intraocular Lens (IOL) is a phakic IOL. It is applied on the present lens of natural eye.
Drivers:
Growing occurrence of cataract such as the outcome of a huge sector of elderly persons and increasing circumstances of diabetic retinopathy are the factors motivating the global intraocular lenses market, everywhere the world. Increasing circumstances of impaired vision, gush in the capability of expenditure for healthcare, and rising digit of ophthalmologists are too backing up the market.
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Restraints:
But, the absence of consciousness and low-slung approachability to eye care in low-income markets may possibly hamper the development of this market.
Classification:
The global intraocular lens (IOL) industry can be classified by End Use, Product, Material and Region. By End Use, it can be classified as Eye Research Institutes, Ophthalmic Clinics, Ambulatory Care Centers, and Hospitals. By Product, it can be classified as Accommodative, Multifocal, Toric, Monofocal, Extended Depth of Focus, Traditional and Phakic. By Material, it can be classified as Foldable, PMMA.
Regional Lookout:
By Region the global intraocular lens market can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America ruled the market for intraocular lens (IOL) during the past year. It is estimated to preserve its prime place during the course of the forecast. Increasing occurrences of cataract and additional ophthalmic complaints are pushing the development of the area. Furthermore, existence of precise controlling strategies and repayment guidelines for cataract treatments is enhancing the generation of income in the market.
Asia Pacific is anticipated to show the speedy development, by means of income. Expected growth in diabetic populace, together with the attachment of eye care in numerous nationwide social security schemes, is expected to increase the Asia Pacific market for intraocular lens. Those patients having problem of diabetes, are additionally liable to macular degeneration, cataract, and additional ophthalmic complaints, causing in larger need for numerous categories of Intraocular Lens (IOL).
As stated by the International Diabetes Federation, the region of western Pacific responsible for the biggest populace suffering from diabetes, such population is almost 77 million. Whereas the region of East Asia responsible for 59 million persons, with diabetes. China responsible for 43.2million and India for 50.8 million diabetic populace within the region. An increasing business of healthcare tourism and a huge group of patient are boosting the development of the intraocular lenses industry in emerging nations such as India and China. Furthermore, inventiveness by government to commercialize and improve price operational choices of treatment and collective efforts of government and private units to set up amenities for eye care are motivating the development of the Asia Pacific market.
Companies:
Some of the important companies for intraocular lens industry are: Fred Hollows Intraocular Laboratory, Care Group, Aurolab, Oculentis GmbH, Ophtec BV, Rayner Intraocular Lenses Limited, HOYA Corporation, Johnson & Johnson Vision Care, Inc., Bausch + Lomb, Hanita Lenses R.C.A Ltd., Omni Lens Pvt. Ltd., NIDEK CO., LTD., Swiss Advanced Vision (SAV IOL), PhysIOL, STAAR Surgical Company, Carl Zeiss Meditec, Valeant Pharmaceuticals International, Alcon, Inc., Human Optics AG, Lenstec, Inc., EyeKon Medical, Inc.
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Market Segment:
Product Outlook (Revenue, USD Million, 2014 - 2025)
• Monofocal IOL
• Multifocal IOL
• Toric IOL
• Accommodative IOL
End-use Outlook (Revenue, USD Million, 2014 - 2025)
• Hospitals
• Ophthalmic Clinics
• Ambulatory Care Centers
• Eye Research Institutes
Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• South Africa
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Contact Lenses Market - Industry Trends and Demand
Market Highlights
The Global Contact Lenses Market is expected to register a CAGR of 5.70% during the forecast period with a market value of USD 12,330.46 Million till 2025.
Contact lenses are plastic-like ocular prosthetic devices positioned on the eyeball for the improvement of vision. It allows a natural field of view, have no frames to obstruct one’s vision, and reduce distortions. Contact lenses are medical devices that the US Food and Drug Administration (FDA) controls and regulates. In addition, it is only possible to purchase cosmetic and prescription contact lenses with a prescription.
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The growing adoption of contact lenses for correction of multiple vision defects including refractive errors such as myopia presbyopia hyperopia, , and astigmatism is likely to drive the growth of the global contact lenses market during the forecast period.
Segment Analysis
The global contact lenses market, by wear type, has been segmented into daily disposable lenses, disposable lenses, frequent replacement lenses, conventional lenses. Based on type, the global contact lenses market has been divided into corrective lens, therapeutic lenses, and cosmetic and lifestyle-oriented lens. The global contact lenses market, by material, has been segmented into silicone hydrogel soft contact lens, methacrylate hydrogel soft contact lens, gas-permeable contact lens, and others. The global contact lenses market, by design segments has been classified into spherical lens, toric lens, multifocal lens, others.
MRFR recognizes the following companies as the key players in the global contact lenses market—
Novartis AG, Neovision Co, Ltd, Seed Co. Ltd, Hoya Corporation, Oculus Private Limited, Camax Optical Corp., CooperVision, Inc. (The Cooper Companies Inc.), Menicon Co., Ltd, Bausch Health, Johnson & Johnson Services Inc., St. Shine Optical Co., Ltd.
Regional Analysis
The global contact lenses market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is likely to hold the largest share of the global contact lenses market. The rising population of people who wear contact lens, increasing prevalence of eye-related diseases, and growing adoption of cosmetic lens among the younger population, and high funding toward R&D in the US and Canada are likely to support the dominance of the Americas during the forecast period.
The Europe market established substantial growth in the market owing to the high adoption of contact lenses and increasing occurrences of age-related eye diseases in countries such as the UK, Germany, France, and Spain.
Asia-Pacific is estimated to be the fastest growing region in the global market due to the increasing prevalence of eye disorders and rising adoption of contact lens among the youth. Additionally, rising investments by major players in the market in Asia-Pacific region is likely to drive the growth of the market.
The contact lenses market in the Middle East & Africa is expected to grow due to the rising awareness about contact lenses coupled increasing collaborations and agreements to commercialize contact lenses products.
Key Findings of the Study
The global contact lenses market is estimated to grow at USD 12,330.46 Million by 2025 at a CAGR of 5.70% during the assessment period.
Americas accounted for the largest share of the global market due to the presence of key market players and increasing prevalence of eye-related diseases in the US and Canada.
Based on wear type, the daily disposable lenses segment accounted for the largest market share of 5% in 2018.
Based on type, the corrective lens segment accounted for the largest market share of 2% in 2018.
On the basis of material, the silicone hydrogel soft contact lens segment accounted for the largest market share of 1% in 2018.
Based on design, the spherical lens segment held market share of 1% in 2018.
Some of the players operating in the contact lenses market are Novartis AG, CooperVision, Inc. (The Cooper Companies Inc.), Menicon Co., Ltd, Bausch Health.
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#Contact Lenses Market#Contact Lenses Market size#Contact Lenses Market share#Contact Lenses Market growth
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Global Intraocular Lens Market 2019 Business Insights & Deep Analysis to 2023 by World’s Top 10 Key Players
Market Research Future (MRFR) Conducted an Elaborate Study on the Global Intraocular Lens that predicts the Growth of the market with Top Players during the forecast period of 2019-2023.
It is estimated that the global intraocular lens market is expected to register a CAGR of ~ 5.43% during the forecast period of 2018–2023 with an estimated market value of USD 3.54 billion in 2017. Intraocular lens is implanted inside the eye substituting the eye’s natural lens. These lenses are very effective in nature and are used for the correction of numerous eye defects such as astigmatism, presbyopia, near-sightedness (myopia), and among others.
The rising prevalence of eye diseases, and high rate of adoption of premium intraocular lens technology is expected to drive the growth of the market extensively. Also, increase in the geriatric population and the rise in diabetic population is estimated to drive the growth of the intraocular lens market. According to the data published in 2015 by the Centers for Disease Control and Prevention (CDC), Refractive errors are the most frequent eye problems in the US. Also, according to the report published in 2016 by National Eye Institute, proper refractive eye correction could improve vision among 11 million Americans aged 12 years and older.
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Factors such as post-operative complications, high cost of intraocular lens, and lack of skilled medical professionals are restraining the growth of market. Also, lack of reimbursement policies for premium lens in many developing and underdeveloped regions is anticipated to hinder the growth of the intraocular market.
The global intraocular lens market is currently dominated by many market players. The key players in the market are involved in strategic collaborations and new product launches to brace its market position. For instance, in December 2018, Bausch + Lomb, a wholly owned subsidiary of Bausch Health Companies Inc., received 510(k) clearance from the US Food and Drug Administration (FDA) for Bausch + Lomb ULTRA Multifocal for Astigmatic correction. Thus, the company broadened its product portfolio to hold its position in the market.
Top Companies:
Alcon Inc.
Bausch + Lomb
Eyekon Medical Inc.
Humanoptics AG
Lenstec Inc.
Oculentis GmbH
PhysIOL
STAAR Surgical Company and others.
Regional Analysis:
The market in the Americas is expected to dominate the global intraocular lens market during the forecast period owing to the rising healthcare expenditure. In addition, proactive government initiatives to spread awareness about the benefits of intraocular lens among the masses have supplemented the market growth. Europe is expected to hold the second largest position in the global intraocular lens market. The market growth in this region is attributed to the existence of a well-established healthcare system and increase in insurance coverage. Asia-Pacific is estimated to be the fastest growing region in the market due to the improving healthcare infrastructure. The market in the Middle East & Africa is likely to account for the smallest share of the global intraocular lens market.
Segmentation:
The global intraocular lens market has been segmented into type, material and end user. The market, based on type, has been segmented into monofocal intraocular lens, multifocal intraocular lens, accommodating intraocular lens, phakic intraocular lens, and others.
The market, by material, has been segmented into hydrophobic acrylic, hydrophilic acrylic, polymethylmeth-acrylate (PMMA), and others.
The market, by end user has been segmented into hospitals, ophthalmic clinics, ambulatory surgical centers, and others.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact
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Office No. 528, Amanora Chambers
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Pune – 411028
Maharashtra, India
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