Myopia Control Lenses Market Forecast to Expand at 16.2% CAGR Amid Increasing Pediatric Myopia Cases

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 constitute a specialized segment of corrective eyewear designed to slow the progression of myopia, particularly among pediatric patients. Daily disposable lenses are increasingly preferred due to their convenience, improved hygiene, and suitability for younger users. These lenses employ myopic defocus technology, which adjusts the focus of light on the retina to retard myopia progression while providing effective visual correction.

Rising awareness of the long-term complications associated with high myopia-such as retinal detachment, glaucoma, and myopic maculopathy-has driven greater engagement from parents, eye care professionals, and patients alike. This heightened concern has fueled the adoption of preventive optical interventions, with myopia control lenses emerging as non-invasive, proactive solutions for vision management.

Continuous advancements in lens design and material technology are enhancing product differentiation and therapeutic efficacy. However, high costs and limited availability in certain regions remain barriers to widespread adoption. The establishment of supportive regulatory frameworks that promote early intervention and standardized treatment protocols is expected to stimulate market growth, encourage competitive innovation, and improve access to effective myopia control solutions.

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 myopia control lens market is witnessing significant growth, fueled by factors such as rising disposable incomes, increasing prevalence of myopia-particularly among children and adolescents-and ongoing advancements in lens technology. As the incidence of nearsightedness continues to rise, the demand for effective vision correction and myopia progression management solutions has become increasingly critical. Sustained research and development initiatives aimed at enhancing lens efficacy, comfort, and accessibility are further supporting market expansion.

Challenges:
Despite promising growth prospects, several factors continue to constrain market adoption. Limited public awareness regarding myopia control interventions-especially in emerging markets-remains a key barrier. This challenge has been exacerbated by disruptions in routine vision care services caused by the COVID-19 pandemic, which reduced patient engagement with eye care professionals. Additionally, insufficient understanding of available treatment options and concerns about the long-term safety and usage of these lenses may deter patients and caregivers, thereby limiting broader market penetration.

Regional Trends:
North America is expected to register a strong compound annual growth rate (CAGR), supported by a robust healthcare infrastructure and heightened awareness of the long-term complications associated with unmanaged myopia. The region's emphasis on early detection and preventive eye care is accelerating the adoption of myopia control lenses. In Europe, market growth is underpinned by a mature healthcare system, a high prevalence of myopia, and continuous innovation in optical technologies.

Collaborative research initiatives and the presence of leading industry participants further reinforce Europe's strong position. Strategic partnerships and policy-driven initiatives in both regions are anticipated to drive ongoing innovation and broaden access to advanced myopia management solutions.

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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.