NEW YORK, September 18, 2023 /PRNewswire/ — The myopia and presbyopia treatment market the size should increase by $70.94 billion from 2022 to 2027. Moreover, the market dynamics will progress at a pace CAGR of 8.09% during the forecast period, according to Technavio Research. The market is segmented by type (myopia treatment and presbyopia treatment), product (lenses and glasses, surgery and drugs), and geography (Asia, North America, Europeand Rest of the World (ROW)). Asia is estimated to contribute 37% to the growth of the global market during the forecast period. Key factors significantly impacting the growth of the myopia and presbyopia treatment market in Asia Among these problems are the increasing cost of therapeutic drugs, poor medical infrastructure in each country, and lack of awareness about eye diseases, including myopia and presbyopia, in the Asian region. However, increasing awareness about eye diseases such as myopia and presbyopia is driving the growth of the Asian market. Therefore, awareness campaigns are expected to boost the market growth in the region during the forecast period. This report offers an up-to-date analysis of the current market scenario, latest trends and drivers, and the overall market environment. Read a Free Sample PDF Report
Technavio announced its latest market research report titled Global Myopia and Presbyopia Treatment Market 2023-2027
Company Profile:
AbbVie Inc., Alcon Inc., Arctic Vision, Bausch Health Companies Inc., BVI Holdings Ltd., Carl Zeiss AG, ENTOD INTERNATIONAL, EssilorLuxottica, F. Hoffmann La Roche Ltd., Johnson and Johnson, Metall Zug AG, NIDEK Co. Ltd., Ophtec BV, Orasis Pharmaceuticals Inc., Regeneron Pharmaceuticals Inc., Sanjeevan School For Perfect Eyesight, Sydnexis Inc., The Cooper Companies Inc., Topcon Corp., Vision Care Group, Visus Therapeutics Inc., Ziemer Ophthalmic Systems AG, and Evotec SE
- AbbVie Inc. : The company offers treatments for myopia and presbyopia, such as the FDA-approved VUITY pilocarpine HCl ophthalmic solution.
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Myopia and Presbyopia Treatment Market: Segmentation Analysis
THE myopia treatment segment is expected to witness significant growth during the forecast period. As the prevalence of myopia increases worldwide, the treatment of myopia is a major concern. The use of corrective lenses, such as glasses or contact lenses, is one of the most common treatments for myopia. Additionally, LASIK is one of the most popular types of refractive surgery for myopia. A laser is used to remove corneal tissue and reshape its curvature. Therefore, the demand for such treatment will drive the growth of this segment, which is expected to fuel the market growth during the forecast period.
Discover the contribution of each segment summarized in concise infographics and detailed descriptions. View a free sample PDF report
“Apart from analyzing the current market scenario, our report examines historical data from 2017 to 2021” – Technavio
Myopia and Presbyopia Treatment Market: Market Dynamics
Key factor
- Growing demand for vision correction among the aging population
- Growing awareness of vision care
- Increasing prevalence of myopia and presbyopia
The growing demand for vision correction among the aging population is the major driver of market growth. Several factors, such as lifestyle changes, technological advancements and increased awareness of vision problems, are driving the demand. Additionally, technological advancements and increased use of electronic devices such as smartphones, tablets, and computers increase users’ eye fatigue. Therefore, the growing need to improve eye vision is expected to drive the demand for eye treatment options, which will drive market growth during the forecast period.
Leading trend
The emergence of multifocal intraocular lenses is the main market trend. The introduction of multifocal intraocular lenses has changed the treatment choices available to people with multiple visual impairments. Additionally, multifocal lenses have the advantage of being able to split incoming light into different focal points rather than focusing exclusively on a fixed point in a conventional monofocal lens.
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What are the key data covered in this Myopia and Presbyopia Treatment Market report?
- Market CAGR during the forecast period
- Detailed information on the factors that will drive the growth of the myopia and presbyopia treatment market between 2022 and 2027.
- Accurate estimation of the myopia and presbyopia treatment market size and its contribution to the market with emphasis on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Myopia and Presbyopia Treatment Market Growth in North America, Europe, Asia and Rest of the World
- An in-depth analysis of the market competitive landscape and detailed vendor information
- Comprehensive analysis of factors that will challenge the growth of myopia and presbyopia treatment market vendors.
Contents
1. Summary
2 Market Landscape
3 Market sizing
4 Historical market size
5 Analysis of the five forces
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer landscape
9 Geographic landscape
10 drivers, challenges and trends
11 Supplier landscape
12 Vendor Analysis
13 Appendix
About Technavio
Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With more than 500 specialist analysts, Technavio’s reporting library includes more than 17,000 reports, covering 800 technologies, spread across 50 countries. Their customer base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing customer base leverages Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.
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