Press release
Myopia Market 2023: Epidemiology, Industry Trends, Opportunity and Forecast by 2033
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What is myopia?
Myopia refers to a refractive error of the eye that makes distant objects appear blurry. It develops when the eyeball is too long, or the cornea or lens is too curved, which causes light rays to be focused in front of the retina instead of directly on it. Some of the common symptoms of myopia are blurry vision when looking at things in the distance, like road signs or chalkboards. The diagnosis typically involves a comprehensive eye examination conducted by an optometrist or ophthalmologist.
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What are the key drivers and trends in the myopia market?
The elevating prevalence of numerous associated risk factors, such as prolonged close-up activities, genetic predisposition, excessive screen time, lack of outdoor exposure, etc., is primarily stimulating the myopia market. Moreover, the widespread adoption of atropine eye drops to dilate the pupils and reduce the progression of myopia in children is further propelling the market growth. Besides this, the rising utilization of orthokeratology, since it aids in reshaping the cornea temporarily, is acting as another significant growth-inducing factor.
Additionally, the introduction of objective refraction measurement techniques, including autorefraction and wavefront aberrometry, which provide more accurate and consistent measurements than subjective methods, is also bolstering the market growth. Apart from this, the emerging popularity of photorefractive keratectomy over LASIK surgery owing to its several associated benefits, such as reduced likelihood of corneal ectasia, comparable long-term visual outcomes, lowered risk of flap-related complications like dislocation or infection, etc., is projected to fuel the myopia market in the coming years.
Report Period:
Base Year: 2022
Historical Period: 2017-2022
Market Forecast: 2023-2033
Countries Included:
United States
Germany
France
United Kingdom
Italy
Spain
Japan
Analysis Covered Across Each Country
Historical, current, and future epidemiology scenario
Historical, current, and future performance of the myopia market
Historical, current, and future performance of various therapeutic categories in the market
Sales of various drugs across the myopia market
Reimbursement scenario in the market
In-market and pipeline drugs
In-Market Drugs
Drug Overview
Mechanism of Action
Regulatory Status
Clinical Trial Results
Drug Uptake and Market Performance
Late-Stage Pipeline Drugs
Drug Overview
Mechanism of Action
Regulatory Status
Clinical Trial Results
Regulatory Status
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Key Questions Answered in this Report:
How has the myopia market performed so far and how will it perform in the coming years?
What are the markets shares of various therapeutic segments in 2022 and how are they expected to perform till 2033?
What was the country-wise size of the myopia market across the seven major markets in 2022 and what will it look like in 2033?
What is the growth rate of the myopia market across the seven major markets and what will be the expected growth over the next ten years?
What are the key unmet needs in the market?
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How This Report Can Help You:
The report on myopia market presents a comprehensive overview and analysis of the epidemiology and market for this condition in the seven major markets (7MM): the United States, EU5 (Germany, Spain, France, Italy, UK), and Japan.
With insights into both current and emerging therapies in the 7MM, this report offers valuable information for businesses seeking to understand trends and opportunities within the myopia market.
The myopia market report covers historical and forecasted market data, including epidemiology scenario, providing a reliable and informative resource for developing effective business strategies in 7MM.
Our report on the myopia market can help businesses stay abreast of the trends and drivers, gain a competitive edge and drive success.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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