Strong Growth Ahead: Myopia Treatment Devices Market Size To Grow At Arecord 9.2% Cagr By 2029

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How Big Is the Myopia Treatment Devices Market Size Expected to Be by 2034?
In recent times, the market size for myopia treatment devices has witnessed substantial growth. The market's expansion from $6.88 billion in 2024 to $7.53 billion in 2025, experiencing a compound annual growth rate (CAGR) of 9.5%, is noteworthy. This significant growth in the historical period has been driven by factors such as government initiatives in healthcare, escalated research and development activities, improved patient education, a rise in disposable income, and an intensified focus on the eye care of children.

In the coming years, the myopia treatment devices market is projected to experience significant growth, reaching a size of $10.70 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%. Factors contributing to this growth during the forecast period include the burgeoning telemedicine services, genetic therapy advancements, the proliferation of myopia control programs, progress in surgical procedures, and the incorporation of artificial intelligence (AI) in diagnostic processes. Prominent trends for this period include improvements in refractive surgery, digital solutions for eye strain, cutting-edge contact lenses, laser refractive surgery, and the introduction of biosensors in eye health.

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What Are the Emerging Segments Within the Myopia Treatment Devices Market?
The myopia treatment devices market covered in this report is segmented -

1) By Product Type: Eye Glasses, Contact Lenses, Ortho-K Lenses, Phakic Intraocular Lenses, Excimer Laser Refractive Surgery Devices
2) By Treatment: Corrective Lenses, Laser Eye Surgery, Lens Implant Surgery
3) By End-Use: Hospitals And Clinics, Ophthalmic Centers, Retail stores, Online Channels

Subsegments:
1) By Eye Glasses: Single Vision Glasses, Multifocal Glasses
2) By Contact Lenses: Soft Contact Lenses, Rigid Gas Permeable (RGP) Contact Lenses, Hybrid Contact Lenses
3) By Ortho-K Lenses: Overnight Ortho-K Lenses, Daytime Ortho-K Lenses
4) By Phakic Intraocular Lenses: Anterior Chamber Phakic IOLs, Posterior Chamber Phakic IOLs
5) By Excimer Laser Refractive Surgery Devices: LASIK (Laser-Assisted in Situ Keratomileusis) Devices, PRK (Photorefractive Keratectomy) Devices, SMILE (Small Incision Lenticule Extraction) Devices

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What Long-Term Drivers Are Shaping Myopia Treatment Devices Market Trends?
The surge in eye-related illnesses is anticipated to drive the expansion of the myopia treatment devices market. These illnesses encompass a variety of ailments that can potentially disrupt vision by impacting the structure or function of the eye. The escalation in eye diseases can be attributed to factors such as aging populations, increasing screen usage, lifestyle modifications, and heightened exposure to environmental toxins. Devices used for myopia treatment contribute to managing these diseases by curbing the advancement of myopia, enhancing visual sharpness, and lessening complications linked to the disease, thereby fostering a proactive course of action to maintain eye health and improve life quality of those affected. For example, data from the US-based government agency, Centers for Disease Control and Prevention, indicates that by May 2024, an estimated 20.5 million people, constituting 17.2% of Americans aged 40 and above, will develop cataracts in at least one eye. This figure is forecasted to swell to over 30 million by 2028. Consequently, the rising incidence of eye diseases contributes to the growth of the myopia treatment devices market.

Who Are the Top Competitors in Key Myopia Treatment Devices Market Segments?
Major companies operating in the myopia treatment devices market are EssilorLuxottica S.A., Carl Zeiss Meditec AG, Alcon Inc., Hoya Corporation, Bausch & Lomb Incorporated, CooperVision Inc., Johnson & Johnson Vision Care Inc., Topcon Corporation, Menicon Co. Ltd., STAAR Surgical Company, Paragon Vision Sciences Inc., Ziemer Ophthalmic Systems AG, Euclid Systems Corporation, Art Optical Contact Lens Inc., Schwind Eye Tech Solutions GmbH, Kubota Pharmaceutical Holdings Co Ltd., Visioneering Technologies Inc., Eyerising International, Nidek Co Ltd., Falco Linsen AG

What Actigraphy Devices Market Trends Are Gaining Traction Across Different Segments?
Leading businesses in the myopia treatment devices market are emphasizing technological progress and innovative ideas, such as the introduction of overnight therapeutic lenses. These lenses help in improving their competitive stance as well as cater to the growing need for efficient and user-friendly treatment methods. The overnight therapeutic lens is a unique contact lens worn during the night to address temporary vision anomalies, including myopia (nearsightedness), astigmatism, or presbyopia. For instance, in January 2022, Johnson & Johnson Vision, a US-based pharmaceutical establishment, unveiled ACUVUE Abiliti, a novel range of myopia control solutions aimed at curbing the escalating cases of myopia in children. The ACUVUE Abiliti 1-Day Soft Therapeutic Lenses, specially designed to slow down myopia development in children aged 7 to 12 years, contribute to major progress in myopia treatment, reducing the average axial elongation by 0.105 mm over six months. This shrinkage aids in decreasing the long-term dangers associated with high myopia, potentially resulting in serious future vision impairments.

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Which Regions Are Becoming Hubs for Myopia Treatment Devices Market Innovation?
North America was the largest region in the myopia treatment devices market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the myopia treatment devices 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 Treatment Devices Market?
2. What is the CAGR expected in the Myopia Treatment Devices Market?
3. What Are the Key Innovations Transforming the Myopia Treatment Devices Industry?
4. Which Region Is Leading the Myopia Treatment Devices Market?

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