Press release
Surging Myopia and Presbyopia Treatment Market: Insights on 7.9% CAGR, Contributing Factors, Key Vendors and Emerging Trends
Myopia and Presbyopia Treatment Market Outlook
What Is The Projected Market Size Of The Global Myopia and Presbyopia Treatment Market And Its Growth Rate?
•The Myopia and Presbyopia Treatment Market experienced substantial growth in recent years, with a market value of $21.04 billion in 2024, and is projected to reach $22.7 billion in 2025, growing at a compound annual growth rate (CAGR) of 7.9%.
•The upwards trend in the market can be attributed to factors such as the rising prevalence of myopia and presbyopia, awareness and education initiatives, shift in lifestyles and screen time, preference for non-surgical treatments, economic growth, healthcare spending, clinical research and development, and accessibility to eye care services.
•By 2029, the market is projected to grow significantly to $31.43 billion at a CAGR of 8.5%, driven by emerging gene therapies for eye disorders, focus on vision correction for lifestyle enhancement, growing adoption of orthokeratology, cultural factors impacting eye care practices, and a shift towards preventive eye care.
What Is Driving The Growth In The Myopia and Presbyopia Treatment Market?
The myopia and presbyopia treatment market is expected to experience a boost in growth due to the rising geriatric population. With older individuals particularly prone to various diseases including eye-related conditions due to decreased immunity and age, there is an increased need for these treatments which offer a detailed examination of the eyes. This aids in the identification and management of various eye-related conditions. The World Health Organization (WHO) predicts that the global population of people aged 60 and above will lump up significantly, reaching around 2.1 billion by 2050. Accordingly, the escalation in the geriatric population is a major driver propelling the growth in myopia and presbyopia treatment market.
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Who Are the Key Players Driving Myopia and Presbyopia Treatment Market Growth?
•ALCON Inc.
•Bausch & Lomb Incorporated
•Carl Zeiss AG
•Essilor Ltd.
•Hagg Streit 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
What Are The Key Trends In The Myopia and Presbyopia Treatment Market?
•Telemedicine for vision care
•Pharmaceutical interventions
•Customized contact lenses
•Myopia control devices
•Advanced intraocular lenses (IoLS)
•Refractive surgery for presbyopia
•Lens implant technologies
What Are The Segments Of The Global Myopia and Presbyopia Treatment Market?
•By Disease Type: Myopia, Presbyopia
•By Myopia Treatment Type: Corrective, Surgical, Drugs
•By Presbyopia Treatment Type: Prescription Lenses, Contact Lenses, Intraocular Lenses, Refractive Surgery
Which Region Leads The Myopia and Presbyopia Treatment Market?
North America dominated the myopia and presbyopia treatment market in 2024, and Asia-Pacific is forecasted to exhibit rapid progression for the forecast period. The market study encompasses regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Myopia and Presbyopia Treatment Market Global Market Report?
- Market Size Analysis: Analyze the Myopia and Presbyopia Treatment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Myopia and Presbyopia Treatment Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Myopia and Presbyopia Treatment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Myopia and Presbyopia Treatment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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