Presbyopia Market Size Projected To Reach 13.3 Billion By 2034 With A Cagr Of 5.6%

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What Is the Projected Growth of the Presbyopia Market?
In recent times, the presbyopia market size has experienced significant growth. The market value is set to rise from $10.11 billion in 2024 to $10.70 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.8%. Factors such as the escalating prevalence of chronic diseases, increasing occurrences of eye disorders, a swelling geriatric demographic, rising medication use, and a growing trend of inactive lifestyles, account for the historic growth.

The market for presbyopia is projected to experience a significant upturn in the coming years, escalating to $13.30 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 5.6%. The projected market growth within this forecast period is primarily due to factors such as the proliferation of emerging markets, enhanced knowledge about presbyopia treatments, higher investment in healthcare facilities, increase in approved and newly introduced drugs, as well as the rising interest in monovision LASIK surgery. Notable trends that are expected during the forecast period consists of breakthrough technologies, improvements in intraocular lens implants, innovation of unique presbyopia therapies, advent of affordable non-surgical treatments, and integration of artificial intelligence and machine learning.

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What Are the Different Presbyopia Market Segments?
The presbyopia market covered in this report is segmented -

1) By Treatment: Eyeglasses, Contact Lenses, Refractive Surgery, Lens Implants, Other Treatments
2) By Symptoms: Eye Strain, Headaches, Fatigue, Blurred Vision, Other Symptoms
3) By End-Users: Hospitals, Specialty Clinics, Homecare, Other End-Users

Subsegments:
1) By Eyeglasses: Bifocal Eyeglasses, Progressive Lenses, Reading Glasses, Photochromic Lenses
2) By Contact Lenses: Bifocal Contact Lenses, Multifocal Contact Lenses, Monovision Contact Lenses, Scleral Lenses
3) By Refractive Surgery: LASIK (Laser-Assisted In Situ Keratomileusis), PRK (Photorefractive Keratectomy), Conductive Keratoplasty (CK), Corneal Inlays
4) By Lens Implants: Multifocal Intraocular Lenses (IOLs), Accommodative IOLs, Extended Depth of Focus (EDOF) IOLs
5) By Other Treatments: Pharmaceutical Treatments, Corneal Cross-Linking, Near-vision Presbyopia Correction Surgery

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What Are the Primary Drivers Shaping the Presbyopia Market?
The surge in frequency of vision impairment is predicted to fuel the growth of the presbyopia market in the future. A person suffering from significant or total loss of vision that cannot be fully addressed with spectacles, contact lenses, or medical procedures is encountering vision impairment. An aging population, escalating incidents of diabetes and ocular diseases, excess screen exposure, and limited access to eye care in certain regions contribute to the expanding frequency of vision impairment. Presbyopia, caused by aging-related lens thickening, exacerbates vision impairment, making it harder to focus on nearby objects, which complicates routine tasks such as reading and using screens without corrective action. For example, the United Nations Development Programme (UNDP), an American United Nations agency, reported that in December 2023, the count of people with diagnosed vision impairments was 19,551 in 2022, an increase from 17,478 in 2021. Additionally, in just the first seven months of 2023, more than 19,000 new diagnosis cases have been reported. Consequently, the rising frequency of vision impairment is propelling the presbyopia market's growth.

Which Companies Are Leading in the Presbyopia Market?
Major companies operating in the presbyopia market are Johnson & Johnson Private Limited, AbbVie Inc., Abbott Laboratories, Novartis AG, Essilor International SAS, Carl Zeiss Meditec AG, Alcon Vision LLC, Bausch + Lomb Corporation, CooperVision Inc., Santen Pharmaceutical Co. Ltd., Glaukos Corporation, STAAR Surgical Company, Ziemer Ophthalmic Systems AG, LENZ Therapeutics Inc., InSight Vision Incorporated, Oculis Holding AG, Orasis Pharmaceuticals Inc., Visus Therapeutics Inc., Eyenovia Inc., Atia Vision Inc.

What Are the Latest Developing Trends in the Presbyopia Market?
Major players in the presbyopia market are focusing their efforts on groundbreaking innovations like eye-responsive progressive lenses that improve vision and enhance comfort for older individuals. These progressive lenses are sophisticated multifocal lenses that react to eye movements, allowing smooth presbyopia correction at any distance. For example, in August 2023, Essilor, a firm based in France that specializes in the design, manufacture, and sale of ophthalmic lenses, introduced Varilux, a progressive lens brand for those with presbyopia. This breakthrough incorporates artificial intelligence (AI) to forecast visual behavior using unique real-life data, establishing a new benchmark in customized vision correction. These technological advances are reshaping the presbyopia market, offering improved ways for patients to manage this age-associated condition and enhancing overall quality of life.

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What Are the Top Revenue-Generating Geographies in the Presbyopia Market?
North America was the largest region in the presbyopia market in 2024. The regions covered in the presbyopia 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 Presbyopia Market?
2. What is the CAGR expected in the Presbyopia Market?
3. What Are the Key Innovations Transforming the Presbyopia Industry?
4. Which Region Is Leading the Presbyopia Market?

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