The myopia and presbyopia treatment market size is expected to see strong growth in the next few years. It will grow to $28.59 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to emergence of gene therapies for eye disorders, focus on vision correction for lifestyle enhancement, growing adoption of orthokeratology, cultural factors impacting eyecare practices, shift towards preventive eyecare. Major trends in the forecast period include telemedicine for vision care, pharmaceutical interventions, customized contact lenses, myopia control devices, advanced intraocular lenses (iols), refractive surgery for presbyopia, lens implant technologies.
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Segmentation & Regional Insights
The myopia and presbyopia treatment market covered in this report is segmented –
1) By Disease Type: Myopia, Presbyopia
2) By Myopia Treatment Type: Corrective, Surgical, Drugs
3) By Presbyopia Treatment Type: Prescription Lenses, Contact Lenses, Intraocular Lenses, Refractive Surgery
North America was the largest region in the myopia and presbyopia treatment market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the myopia and presbyopia treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising geriatric population is expected to propel the growth of the myopia and presbyopia treatment market going forward. The geriatric population refers to older who are 65 years and beyond. The geriatric population suffers from various diseases due to low immunity and age. Aging increases the risk of myopia, presbyopia, and eye-related diseases in the geriatric population. Myopia and presbyopia treatment examines the visual and microscopic component’s view of the eyes. These results are used to identify and manage a variety of eye-related illnesses in geriatric population. For instance, in October 2022, according to a report published by the World Health Organization (WHO), a Switzerland-based agency responsible for international public health, one in six people is expected to be 60 or older by the year 2030, in the entire world. By 2050, there will be 2.1 billion people worldwide who are 60 years old or older. The number of persons who are 80 years of age or older will increase by 426 million between 2020 and 2050 compared to the current population. Thus, the rising geriatric population is driving myopia and presbyopia treatment market.
Key Industry Players
Major companies operating in the myopia and presbyopia treatment market report are ALCON Inc., Bausch & Lomb Incorporated, Carl Zeiss AG, Essilor Ltd., Hagg Striet UK Ltd., Johnson & Johnson Vision Inc., Nidek Corporation, Topcon Corporation, Zimmer Ophthalmic Systems AG, AbbVie Inc., Orasis Pharmaceuticals Ltd., Regeneron Pharmaceuticals Inc., Sydnexis Inc., The Cooper Companies Inc., Staar Surgical Co., Eyenovia Inc., Allergan plc, Hoya Corporation, Novartis AG, Menicon Co. Ltd., CooperVision Inc., Visioneering Technologies Inc., AcuFocus Inc., Ocular Therapeutix Inc., SightGlass Vision Inc., Presbia plc, Ophthotech Corporation, OphthaliX Inc., LensGen Inc., Lightico Ltd., RxSight Inc., Perfect Lens LLC
The myopia and presbyopia treatment market report table of contents includes:
1. Executive Summary
2. Myopia and Presbyopia Treatment Market Characteristics
3. Myopia and Presbyopia Treatment Market Trends And Strategies
4. Myopia and Presbyopia Treatment Market – Macro Economic Scenario
5. Global Myopia and Presbyopia Treatment Market Size and Growth
…………………..
31. Global Myopia and Presbyopia Treatment Market Competitive Benchmarking
32. Global Myopia and Presbyopia Treatment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Myopia and Presbyopia Treatment Market
34. Myopia and Presbyopia Treatment Market Future Outlook and Potential Analysis
35. Appendix
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