Rising Geriatric Population Fuels Growth Of Myopia And Presbyopia Treatment Market: A Significant Driver Propelling The Myopia and Presbyopia Treatment Market In 2025

The Myopia and Presbyopia Treatment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Myopia and Presbyopia Treatment Market Size and Projected Growth Rate?
The market size for myopia and presbyopia treatment has witnessed substantial growth over several recent years. The market is projected to increase from $21.04 billion in 2024 to approximately $22.7 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.9%. The growth experienced during this historical period can be ascribed to factors such as the rising occurrence of myopia and presbyopia, initiatives aimed at increasing awareness and education, changes in lifestyle and screen time, a favorable consumer attitude towards non-surgical treatments, economic growth and expenditure on healthcare, advancements in clinical research and development, and better accessibility to eyecare services.

The market for myopia and presbyopia treatments is set to experience significant growth in the coming years, projected to expand to a value of $31.43 billion in 2029 at a compound annual growth rate (CAGR) of 8.5%. The predicted growth in this timeframe stems from factors such as the development of gene therapies for ocular disorders, the increasing emphasis on vision correction for lifestyle improvement, the expanding utilization of orthokeratology, societal influences on eye care routines, and a shift towards proactive eye care. Key trends for the forecasted period encompass the use of telemedicine for vision care, pharmaceutical approaches, tailored contact lenses, devices for controlling myopia, state-of-the-art intraocular lenses (IoLS), presbyopia refractive surgeries, and advancements in lens implant technologies.

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What Are the Major Segments in the Myopia and Presbyopia Treatment Market?
The myopia and presbyopia treatment market covered in this report is segmented -

1) By Disease Type: Myopia, Presbyopia
2) By Myopia Treatment Type: Corrective, Surgical, Drugs
3) By Presbyopia Treatment Type: Prescription Lenses, Contact Lenses, Intraocular Lenses, Refractive Surgery

Subsegments:
1) By Myopia: Eyeglasses And Contact Lenses, Refractive Surgery, Pharmacological Treatments, Orthokeratology
2) By Presbyopia: Multifocal Eyeglasses, Bifocal Contact Lenses, Presbyopia-Correcting Surgery, Pharmacological Treatments

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What Are The Driving Myopia and Presbyopia Treatment Market Evolution?
The growth of the myopia and presbyopia treatment market is anticipated to be driven by the increasing geriatric population. Individuals aged 65 and above are typically classified as the geriatric population. These individuals often suffer from a variety of illnesses due to decreased immunity and the natural process of aging. Age is a significant risk factor for developing conditions like myopia, presbyopia, and other eye-related diseases. The approach for treating myopia and presbyopia involves scrutinizing the visual and microscopic components of the eye. These observations are crucial for diagnosing and treating numerous eye conditions in the elderly population. For instance, a report from the World Health Organization (WHO), a Switzerland-based public health authority, indicated in October 2022 that by 2030, one in six individuals globally will be 60 or older. By 2050, the global population will include 2.1 billion people aged 60 or above. It is projected that between 2020 and 2050, the population of people aged 80 or more will surge by 426 million compared to the existing figure. Consequently, the expanding geriatric population is a significant factor fueling the growth of the myopia and presbyopia treatment market.

Which Firms Dominate The Myopia and Presbyopia Treatment Market Segments?
Major companies operating in the myopia and presbyopia treatment market are ALCON Inc., Bausch & Lomb Incorporated, Carl Zeiss AG, Essilor Ltd., Hagg Striet 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 Trends Are Expected to Dominate the Myopia and Presbyopia Treatment Market in the Next 5 Years?
The growing popularity of technologically sophisticated solutions is a primary trend in the myopia and presbyopia treatment market. The major companies within this market are channeling their efforts towards the creation of such cutting-edge solutions in order to maintain their market positions. For example, in September 2024, Entod Pharmaceuticals, a manufacturer based in India, introduced PresVu Eye Drops. This product, designed solely to treat presbyopia, a vision condition common in individuals over 40, is the first of its kind in India. It received approval from the Drug Controller General of India (DCGI) and seeks to reduce the reliance on reading glasses by providing lubrication for the eyes. The eye drops leverage advanced dynamic buffer technology to ensure persistent effectiveness and safety over prolonged periods of use.

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Which Is The Largest Region In The Myopia and Presbyopia Treatment Market?
North America was the largest region in the myopia and presbyopia treatment market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the myopia and presbyopia treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Myopia and Presbyopia Treatment Market?
2. What is the CAGR expected in the Myopia and Presbyopia Treatment Market?
3. What Are the Key Innovations Transforming the Myopia and Presbyopia Treatment Industry?
4. Which Region Is Leading the Myopia and Presbyopia Treatment Market?

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