Myopia Control Lenses Market Projected to Grow at a CAGR of 16.2 Percent from 2025 to 2034 Amid Increasing Demand for Vision Correction in Children

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Myopia Control Lenses Market- (By Lens Type (Multifocal Lenses, Orthokeratology Lenses, Dual-Focus Lenses, Peripheral Defocus Lenses), By Age Group (Children, Adults), By Distribution Channel (Optometry Clinics, Optical Retail Stores, Online Retail)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Global Myopia Control Lenses Market is valued at USD 1.54 Bn in 2024, and it is expected to reach USD 6.86 Bn by the year 2034 , with a CAGR of 16.2% during a forecast period of 2025-2034.

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Myopia control lenses are specialized corrective solutions designed to address the needs of individuals-particularly pediatric patients-diagnosed with myopia. Among the available options, daily disposable lenses are emerging as a preferred choice due to their convenience, hygiene benefits, and suitability for young users. These lenses employ myopic defocus technology, which strategically modifies the way light is focused on the retina, enhancing the effectiveness of myopia correction and slowing progression.

The rising awareness of the long-term risks associated with high myopia-such as retinal detachment, glaucoma, and myopic maculopathy-has led to increased vigilance among parents, eye care professionals, and patients. As a result, there is growing interest in preventative optical solutions, including myopia control glasses, which are gaining market traction as a non-invasive and proactive approach to vision management.

Innovation remains a key driver in this market, with ongoing advancements in lens design and materials creating new opportunities for product differentiation. However, barriers such as high product costs and limited geographic availability continue to restrict broader market penetration. The introduction of regulatory frameworks that support early intervention and standardized treatment protocols is expected to stimulate demand, foster competitive development, and propel overall market growth.

List of Prominent Players in the Myopia Control Lenses Market:
• Essilor International
• Johnson & Johnson Vision
• CooperVision
• Hoya Corporation
• Carl Zeiss Group
• Bausch + Lomb
• Menicon Co., Ltd.
• SEED Co., Ltd.
• Alcon (Novartis)
• Visioneering Technologies Inc.
• Paragon Vision Sciences
• Euclid Systems Corporation
• Art Optical Contact Lens Inc.
• SynergEyes Inc.
• Nevakar Inc.
• Fielmann AG,
• Rodenstock
• Others

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Market Dynamics
Drivers:
The global demand for myopia control lenses is being propelled by several key factors, including rising disposable incomes, the increasing incidence of myopia-particularly among children and young adults-and continual innovations in lens technology. As the prevalence of nearsightedness accelerates, the necessity for effective vision correction and management solutions becomes more pronounced. Technological advancements and ongoing research and development initiatives are further enhancing the efficacy, comfort, and accessibility of these lenses, contributing significantly to market growth.

Challenges:
Despite growing interest, the market faces several constraints. Limited public awareness and restricted access to myopia control solutions-especially in emerging markets-continue to hinder widespread adoption. These challenges have been further exacerbated by the lingering effects of COVID-19 lockdowns and social restrictions, which disrupted vision care services and reduced patient engagement. Additionally, a lack of understanding regarding available treatment options and the potential side effects associated with prolonged lens use may deter patients and caregivers, thereby limiting market expansion.

Regional Trends:
North America is expected to exhibit a strong compound annual growth rate (CAGR), underpinned by robust healthcare infrastructure and heightened awareness of the long-term risks of untreated myopia. Increasing emphasis on early diagnosis and preventive care is driving the adoption of myopia control lenses across the region. In Europe, the market benefits from a well-established healthcare ecosystem, high incidence of myopia, and continued advancements in optical technologies. Collaborative research efforts and the presence of prominent market participants further strengthen Europe's position in the global landscape. Moreover, strategic partnerships and initiatives across these regions are poised to support continued innovation and broader market penetration.

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Recent Developments:
• In Aug 2022, The CooperVision MiSight® 1 day Myopia Control Contact Lens has been recognized as the recipient of the prestigious 2022 German Innovation Awards. MiSight® 1 Day, a dual-focus contact lens intended for daily disposable use, has been made accessible in over 30 countries to mitigate the progression of myopia in children. The product obtained CE certification, as well as authorization from the U.S. FDA and the National Medical Products Administration (NMPA) of China.
• In Oct 2020, Bausch Health and BHVI Announced an Exclusive Global Licensing Agreement for Myopia Control Contact Lens. Bausch + Lomb was focused on finding global solutions to treat myopia.

Segmentation of Myopia Control Lenses Market-
By Lens Type-
• Multifocal Lenses
• Orthokeratology Lenses
• Dual-Focus Lenses
• Peripheral Defocus Lenses
By Age Group-
• Children
• Adults
By Distribution Channel-
• Optometry Clinics
• Optical Retail Stores
• Online Retail
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.