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 and high myopia is anticipated to fuel the market growth during the forecast period. Incidences of myopia in the developing countries of Asia Pacific, such as Japan, China, Singapore, and the Republic of Korea, are growing steeply in recent years.
Myopia And Presbyopia Treatment Market Report Highlights
- By myopia treatment type, single prescription corrective lenses held a significant share in the market in 2021 owing to the progression of myopia with age, thus requiring frequent changes of corrective lenses
- Based on presbyopia treatment type, the progressive multifocal segment is expected to grow significantly over the forecast period owing to the wide acceptance due to aesthetic advantages
- Multifocal contact lenses for the correction of presbyopia held the second-largest share in 2021 largely due to the easy availability and effective outcomes
- North America was the leading regional market in 2021 due to the rising demand for myopia and presbyopia contact lenses for vision correction
- The Asia Pacific region is anticipated to expand at the fastest growth rate during the forecast period due to the rising incidence of ophthalmic diseases and the growing geriatric population across several countries in Asia
Gain deeper insights on the market and receive your free copy with TOC now @: Myopia And Presbyopia Treatment Market Report
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.
Myopia Treatment:
Myopia, also known as nearsightedness, is a condition where distant objects appear blurry while close objects remain clear. The most common treatment options for myopia include: Wearing prescription eyeglasses with concave lenses can effectively correct myopia by redirecting the light entering the eyes, focusing it properly on the retina. Soft or rigid gas-permeable contact lenses can be used to correct myopia. They function similarly to eyeglasses, altering the direction of light entering the eyes to provide clearer vision. Procedures like LASIK (Laser-Assisted In Situ Keratomileusis) and PRK (Photorefractive Keratectomy) can surgically reshape the cornea to correct myopia. These procedures are popular among individuals seeking a long-term solution to their myopia.
Presbyopia Treatment:
Presbyopia is an age-related condition that affects the eye’s ability to focus on close objects due to the loss of flexibility in the lens. Common treatment options for presbyopia include: Reading glasses contain convex lenses that compensate for the reduced focusing ability of the eye, enabling clearer vision for close-up tasks such as reading or using a computer. Also known as multifocal lenses, these glasses have different sections with varying lens powers. They provide clear vision at different distances, accommodating both close and distant objects. These glasses have distinct zones within the lenses, allowing for clear vision at multiple distances. Bifocals have two zones (typically for distance and near vision), while trifocals have three (distance, intermediate, and near vision). Monovision contact lenses method involves wearing a contact lens with a prescription for distance vision in one eye and a prescription for near vision in the other eye. The brain adapts to using each eye for different tasks, allowing for improved overall vision. Certain surgical options, such as monovision LASIK, can be considered for presbyopia treatment. These procedures aim to correct one eye for distance vision and the other eye for near vision, mimicking the effects of monovision contact lenses.
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.
For More Details or Sample Copy please visit link @: https://www.grandviewresearch.com/industry-analysis/myopia-presbyopia-treatment-market/request/rs1
The growing prevalence of myopia and presbyopia is an opportunity for industry players to introduce efficient treatment solutions. Among the developed nations, the U.S. is witnessing a significant boost in the incidence of myopia and presbyopia, especially in individuals over 42 years of age. The introduction of technologically advanced surgical options and high adoption rates in developed countries are expected to boost the market growth in the upcoming years.
Advanced diagnostic and surgical treatment solutions include LASIK, LASEK, and PRK. The integration of these techniques with artificial intelligence and robot-assisted surgical tools is expected to fuel the number of surgical procedures. The introduction of multifocal intraocular lenses and implantable contact lenses is expected to have a positive impact on the market growth.
Myopia And Presbyopia Treatment Market Insights By Region
North America dominated the market and is expected to maintain its lead over the forecast period owing to the availability of advanced technologies for treating the targeted myopia treatment types and the presence of a large number of market players. Asia Pacific is expected to be the fastest-growing region over the forecast period owing to the geriatric population growth, the high prevalence of eye-related myopia treatment types, and growing medical tourism. The rising disposable income of consumers is expected to drive the market for myopia and presbyopia treatment in the APAC region. Europe is expected to witness growth in the coming years owing to the growing geriatric population and increasing awareness regarding the treatment of targeted myopia treatment type.
Competitive Analysis By Major Players
Market players are focusing on adopting growth strategies, such as innovations in the existing technologies, the launch of efficient techniques, and mergers and acquisition. Significant investment in R&D is undertaken by market leaders to enable early diagnosis and identify efficient and quick operative techniques. This ensures novelty in the field and concretes market position. Some of the prominent players in global myopia and presbyopia treatment market include:
- Ziemer Ophthalmic Systems AG
- NIDEK CO., LTD.
- Johnson & Johnson Vision
- Essilor Ltd.
- Zeiss International
- ALCON VISION LLC
- Bausch & Lomb Incorporated
Grand View Research has segmented global myopia and presbyopia treatment market report based on type and region.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
For Customized reports or Special Pricing please visit @: https://www.grandviewresearch.com/checkout/select-license/myopia-presbyopia-treatment-market
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact:
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll-Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com