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The Myopia Market is expected to be driven by the factors such as the rising cases of Myopia

10-10-2022 12:41 PM CET | Health & Medicine

Press release from: DelveInsight Business Research

The Myopia Market is expected to be driven by the factors such as

The Myopia market is expected to show positive growth, mainly attributed to the increased diagnosed prevalence and also, the launch of upcoming devices during the forecast period. Moreover, advances in disease mechanisms have yielded new diagnostic and treatment approaches, opening avenues to better treatment interventions.

The Myopia market report provides current treatment practices, emerging drugs, Myopia market share of the individual therapies, current and forecasted Myopia market Size from 2019 to 2032 segmented by seven major markets. The Report also covers current Myopia treatment practice/algorithm, market drivers, market barriers and unmet medical needs to curate the best of opportunities and assesses the underlying potential of the Myopia market.

Key Takeaways from the Myopia Market Report

The Myopia market is expected to be driven by the factors such as the rising cases of myopia, increasing awareness about management, growing population and technological advancements in product development
The current understanding of Myopia has improved in recent decades, leading to growing awareness, improved management, and better outcomes.
According to a study conducted by Dyanne et al., myopia occurs in 10% of the general population but is more common in older adults; the prevalence is 20% in those older than 60 years and 50% in those older than 70 years. The increased prevalence in older adults is related to peripheral vascular disease, immunologic disorders, and diabetes mellitus.
As per the study by Yotsukura et al., the prevalence of myopia was 5% among those aged 6-11 years and 94.9% among those aged 12-14 years, and the prevalence of high myopia was 4.0% among those aged 6-11 years and 11.3% among those aged 12-14 years.
Myopia Market Companies included Nevakar, Sydnexis, and Several Others
Myopia Market Therapies included NVK-002, SYD-101, and Several Others

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Myopia Overview

Myopia (also known as Nearsightedness), occurs when the eye grows too long from front to back. The eye lens starts focusing the images in front of the retina instead of focusing on the retina. Therefore, people with myopia have well near vision but poor distance vision. The distant objects appear blurry while the near ones appear normal. Undiagnosed cases may lead to headaches and strains to struggle for the clear visualization of the things in the distance. The signs and symptoms for myopia include squinting, feeling fatigued when driving or playing sports headaches and strain.

Myopia Epidemiology Insights

As per the World Health Organization (WHO) (2015), myopia is "a condition in which the spherical equivalent objective refractive error is ≤-0.50 diopter (-0.50 D) in either eye." It is estimated that over 285 million people in the world have vision impairment and that 42% of this is due to uncorrected refractive errors. Furthermore, myopia affected 1.89 billion people worldwide in 2015, and it was predicted that if prevalence rates remained the same, it would affect 2.56 billion people by 2020.

Myopia Epidemiology Segmentation in the 7MM

Total Myopia Prevalent Case
Myopia Age-specific Prevalence
Myopia Severity-specific Prevalence
Myopia Diagnosed and Treated Cases

Myopia Market

The market is segmented by treatment. It has presence of major players in the market such as CooperVision, Johnson & Johnson Vision, Zeiss International, Alcon Vision LLC, and Bausch & Lomb Incorporated, among others across 7MM. The market is consolidated with many available options owing to growing demands. The market is expected to be driven by the factors such as increase in prevalence of myopia, technological development in lenses and surgeries, growing population globally, and surge in adoption rates of minimally invasive surgeries. The market will be hindered because of availability of many options and no permanent cure.

Myopia Treatment Market

The standard goal of treating nearsightedness is to improve vision by helping focus light on retina through the use of corrective lenses or refractive surgery. Few current market treatment options are iSee Orthokeratology Contact Lenses, MiSight, etc. Other promising treatment include device-based intervention including renal Myopis control spectacles, contact lenses and orthokeratology lenses, amongst others.  The Research and development will boost the market and will bring new opportunity for growth.

Myopia Emerging Therapies

iSee Orthokeratology Contact Lenses (iSee)
MiSight (CooperVision)
Paragon CRT® lenses (Paragon Vision)
NVK-002 (Nevakar)
Miyosmart (Hoya Vision)
Myopia Market Size

The market size of Myopia treatment in the 7MM is expected to increase by 2027. As per DelveInsight's estimation, the treatment space will experience a significant impact in the coming years due to the improvement in the rise in the number of healthcare spending across the world, in the forecast period 2019-2027.

Myopia Market Drivers

Growing cases of vision loss
Technological advancements in the type or range of treatments available on the market such as LASIK surgery
Myopia Market Barriers

Stringent government approvals
Excessive use of digital channels

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Table of Content

Key Insights
Executive Summary of Myopia
Competitive Intelligence Analysis for Myopia
Myopia: Market Overview at a Glance
Myopia: Disease Background and Overview
Patient Journey
Myopia Epidemiology and Patient Population
Treatment Algorithm, Current Treatment, and Medical Practices
Myopia Unmet Needs
Key Endpoints of Myopia Treatment
Myopia Marketed Products
Myopia Emerging Therapies
Myopia: Seven Major Market Analysis
Attribute analysis
7MM: Market Outlook
Access and Reimbursement Overview of Myopia
KOL Views
Market Drivers
Market Barriers
Appendix
DelveInsight Capabilities
Disclaimer
About DelveInsight

For any query related to the report, speak to the analyst- https://www.delveinsight.com/report-store/myopia-market?utm_source=openpr&utm_medium=pressrelease&utm_campaign=ypr

Company Name: DelveInsight Business Research LLP
Contact Person: Yash Bhardwaj
Email: ybhardwaj@delveinsight.com
City: Albany
State: New York
Country: United States
Website: https://www.delveinsight.com

DelveInsight is a Business Consulting and Market research company, providing expert business solutions for the healthcare domain and offering quintessential advisory services in the areas of R&D, Strategy Formulation, Operations, Competitive Intelligence, Competitive Landscaping, and Mergers & Acquisitions.

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