Press release
Key Trend Influencing the Growth of the Myopia and Prebyopia Treatment Market in 2025: Technological Advancement Tranforming The Landcape Of Myopia And Prebyopia Treatment
Myopia and Prebyopia Treatment
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What I the Expected CAGR for the Myopia and Prebyopia Treatment Market Through 2025?_x000D_
The market ize for treating myopia and prebyopia ha experienced ignificant expanion recently, and i forecated to grow from $21.04 billion in 2024 to $22.7 billion in 2025, a compound annual growth rate (CAGR) of 7.9%. The previou period' growth can be acribed to the riing intance of myopia and prebyopia, initiative aimed at awarene and education, change in lifetyle and creen time habit, a preference among conumer for non-invaive treatment, economic progre and invetment in healthcare, the advancement in clinical reearch and development, and increaed acce to eyecare ervice._x000D_
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What' the Projected ize of the Global Myopia and Prebyopia Treatment Market by 2029?_x000D_
In the coming year, the myopia and prebyopia treatment market i anticipated to experience ignificant growth, expanding to a value of $31.43 billion in 2029 with a compound annual growth rate (CAGR) of 8.5%. Thi predicted growth in the forecat period can be linked to the advent of gene therapie for ocular condition, emphai on viion correction for lifetyle improvement, increaed ue of orthokeratology, cultural influence on eyecare practice, and the hift toward preventive eyecare. ome primary trend to look for in the forecat period include the ue of telemedicine for viion care, pharmaceutical intervention, peronalized contact lene, device for controlling myopia, advanced Intraocular lene (IoL), refractive urgery for prebyopia, and len implant technologie._x000D_
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Top Growth Driver in the Myopia and Prebyopia Treatment Indutry: What' Accelerating the Market?_x000D_
The expected growth of the myopia and prebyopia treatment market i largely fueled by the increaing elderly population. Thi demographic, defined a thoe aged 65 and over, i more prone to variou illnee due to diminihed immunity and the impact of aging. Thi older population i at a higher rik of developing prebyopia, myopia and other eye condition. The treatment for myopia and prebyopia involve a thorough examination of both the overt and microcopic apect of the eye to identify and manage any eye-related dieae in older adult. The World Health Organization, a witzerland-baed agency overeeing global public health, reported in October 2022 that by 2030, one in ix individual worldwide i predicted to be 60 or older. Additionally, by 2050, the number of people aged 60 and above will hit 2.1 billion globally. The global population of individual 80 year and older i predicted to increae by 426 million from 2020 to 2050. Thi growing global elderly population i therefore a major driving factor for the myopia and prebyopia treatment market._x000D_
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What Trend Will hape the Myopia and Prebyopia Treatment Market Through 2029 and Beyond?_x000D_
Innovative technical olution are becoming an increaingly prominent trend in the arena of myopia and prebyopia treatment. The leading buinee in thi ector are keen on creating cutting-edge technology to maintain their foothold in the market. For example, in eptember 2024, Entod Pharmaceutical, a manufacturing firm baed in India, introduced PreVu Eye Drop. Thee drop, the firt of their kind in India, were created pecifically to addre prebyopia, an age-related viion diorder commonly affecting individual over 40. The Drug Controller General of India (DCGI) ha approved PreVu, which eek to leen the reliance on reading glae while alo providing eye lubrication. Thee eye drop employ a ophiticated dynamic buffer technology that guarantee contant effectivene and afety for prolonged ue._x000D_
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What Are the Main egment in the Myopia and Prebyopia Treatment Market?_x000D_
The myopia and prebyopia treatment market covered in thi report i egmented -_x000D_
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1) By Dieae Type: Myopia, Prebyopia_x000D_
2) By Myopia Treatment Type: Corrective, urgical, Drug_x000D_
3) By Prebyopia Treatment Type: Precription Lene, Contact Lene, Intraocular Lene, Refractive urgery_x000D_
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ubegment:_x000D_
1) By Myopia: Eyeglae And Contact Lene, Refractive urgery, Pharmacological Treatment, Orthokeratology_x000D_
2) By Prebyopia: Multifocal Eyeglae, Bifocal Contact Lene, Prebyopia-Correcting urgery, Pharmacological Treatment_x000D_
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Which Top Companie are Driving Growth in the Myopia and Prebyopia Treatment Market?_x000D_
Major companie operating in the myopia and prebyopia treatment market are ALCON Inc., Bauch & Lomb Incorporated, Carl Zei AG, Eilor Ltd., Hagg triet UK Ltd., Johnon & Johnon Viion Inc., Nidek Corporation, Topcon Corporation, Zimmer Ophthalmic ytem AG, AbbVie Inc., Orai Pharmaceutical Ltd., Regeneron Pharmaceutical Inc., ydnexi Inc., The Cooper Companie Inc., taar urgical Co., Eyenovia Inc., Allergan PLC, Hoya Corporation, Novarti AG, Menicon Co. Ltd., CooperViion Inc., Viioneering Technologie Inc., AcuFocu Inc., Ocular Therapeutix Inc., ightGla Viion Inc., Prebia PLC, Ophthotech Corporation, OphthaliX Inc., LenGen Inc., Lightico Ltd., Rxight Inc., Perfect Len LLC_x000D_
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Which Region Will Dominate the Myopia and Prebyopia Treatment Market Through 2029?_x000D_
North America wa the larget region in the myopia and prebyopia treatment market hare in 2024. Aia-Pacific i expected to be the fatet-growing region in the forecat period. The region covered in the myopia and prebyopia treatment market report are Aia-Pacific, Wetern Europe, Eatern Europe, North America, outh America, Middle Eat, Africa._x000D_
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