Leading Growth Driver in the Myopia Treatment Market in 2025: Impact Of Rising Screen Time On The Growth Of The Market Driver's Influence

How Are the key drivers contributing to the expansion of the myopia treatment market?
The surge in time spent on screen devices is predicted to positively impact the growth of the myopia treatment market. This is referring to the duration one spends on devices with displays, such as mobiles, tablets, PCs, or TVs. The amplification of screen time can be attributed to the increased usage of streaming platforms, social media, remote working, and virtual conferencing. Treatments for myopia serve to alleviate the eye strain and discomfort caused by extended exposure to screens, while enhancing focus, comfort, and visual clarity. For example, data from the Centers for Disease Control and Prevention shows that from July 2021 to December 2023, 50.4% of teenagers aged 12-17 spent 4 or more hours a day on screen devices, 22.8% consumed 3 hours, 17.8% used 2 hours, 6.1% used 1 hour, and 3.0% spent less than one hour daily on screens. Thus, the surge in screen time is a primary driver for the expansion of the myopia treatment market.

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What growth opportunities are expected to drive the myopia treatment market's CAGR through 2034?
The market for myopia treatment has witnessed robust expansion in the past few years. The size of this market is projected to rise from $17.82 billion in 2024 to $19.58 billion in 2025, with a compound annual growth rate (CAGR) of 9.9%. Numerous factors contributed to this growth in the previous period, including a surge in the elderly population, heightened awareness initiatives by the government, growing knowledge about myopia treatment, increased research and development investment, and a rising number of distance vision impairment cases.

Anticipated to experience robust growth in the coming years, the myopia treatment market is projected to reach $28.16 billion in 2029, with an annual compound growth rate (CAGR) of 9.5%. The expected expansion during this period could be due to an increase in the incidents of distance vision impairment and myopia, growth in the usage of digital media, enhancement of healthcare facilities, and a rise in cases of vision loss. The period is also predicted to witness trends such as the use of rigid gas-permeable contact lenses, progress in light-based treatments, pioneering research into genetic elements, the implementation of digital tools and applications, and improvements in atropine eye drops.

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What are the emerging trends shaping the future of the myopia treatment market?
Leading firms in the myopia treatment market are emphasizing the development of state-of-the-art products such as optical biometers, with the aim of improving diagnostic accuracy and fashioning efficient, personalized therapies. These optical biometers utilize light to ascertain certain eye parameters like axial length and corneal curvature, which are essential for diagnosing and tracking eye disorders. For example, in February 2023, NIDEK Co., Ltd., an ophthalmic products company from Japan, introduced the AL-Scan M and MV-1. The AL-Scan M device is equipped with 3D auto-tracking and auto-shot capabilities, similar to those of an autorefractor, which allow for efficient and user-friendly measurements. This is particularly useful in enhancing patient flow, especially among the younger demographic. The AL-Scan M is expertly designed to give accurate axial length measurements, which are pivotal in tracking the advancement of myopia. Additionally, it works seamlessly with the MV-1 Myopia Viewer software, assisting in recording treatment history and observing patient habits.

Which growth-oriented segments of the myopia treatment market are leading the industry's development?
The myopia treatment market covered in this report is segmented -

1) By Type: Simple Myopia, High Myopia, Pathological Myopia
2) By Treatment: Eyeglasses, Contact Lenses, Refractive Surgery, Laser-Assisted In Situ Keratomileusis (LASIK), Photorefractive Keratectomy (PRK), Orthokeratology (Ortho-K)
3) By Route Of Administration: Oral, Parenteral, Other Routes Of Administration
4) By Distribution Channel: Direct Tender, Retail Sales, Other Distribution Channels
5) By End-User: Hospital Or Clinical Laboratories, Physician Offices, Reference Laboratories, Other End-Users

Subsegments:
1) By Simple Myopia: Mild Myopia, Moderate Myopia
2) By High Myopia: Severe Myopia, Very Severe Myopia
3) By Pathological Myopia: Degenerative Myopia, Malignant Myopia

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What regions are leading the charge in the myopia treatment market?
Asia Pacific was the largest region in the myopia treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the myopia treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the myopia treatment market?
Major companies operating in the myopia treatment market are Regeneron Pharmaceuticals Inc., Alcon Inc., Bausch Health Companies Inc., Hoya Corporation, Johnson & Johnson Vision Care Inc., CooperVision Inc., Menicon Co. Ltd., Topcon Healthcare Inc., Essilor Ltd., NIDEK CO. LTD., SightGlass Vision Inc., SCHWIND eye-tech-solutions GmbH, Visioneering Technologies Inc., MEDMONT INTERNATIONAL PTY LTD., Vyluma Inc., Haag-Streit Holding AG, NovaSight Ltd., Euclid Vision Corporation, Treehouse Eyes LLC, Sydnexis Inc., Neurobit Technologies Co. Ltd., Kubota Pharmaceutical Holdings Co. Ltd.

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What Is Covered In The Myopia Treatment Global Market Report?

•Market Size Forecast: Examine the myopia treatment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the myopia treatment market for a structured understanding.
•Key Players Overview: Analyze major players in the myopia treatment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the myopia treatment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the myopia treatment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the myopia treatment market.
•Industry Challenges: Identify potential risks and obstacles affecting the myopia treatment market.
•Competitive Landscape: Review strategic developments in the myopia treatment market, including expansions, agreements, and new product launches.

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