Myopia Market is expected to reach USD 37.6 billion by 2034

Myopia, or nearsightedness, is the most common refractive error globally, where distant objects appear blurry while near vision remains clear. It occurs when the eyeball is too long or the cornea has excessive curvature, causing light to focus in front of the retina.

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The condition has reached epidemic levels in many regions, especially in Asia, where lifestyle factors such as increased screen time, reduced outdoor activities, and intensive educational practices have accelerated its prevalence. With over 2.6 billion people worldwide affected in 2024, myopia poses a significant public health and economic burden.

The market is driven by the rising demand for corrective eyewear, contact lenses, surgical procedures (LASIK, SMILE), and advanced myopia management therapies for children.

Market Overview
• Market Size (2024): USD 18.4 billion
• Forecast (2034): USD 37.6 billion
• CAGR (2025-2034): 7.4%

Key Highlights:
• Myopia prevalence projected to affect nearly 50% of the global population by 2050.
• Strong demand for eyeglasses and contact lenses continues, but surgical options are expanding.
• Rapid adoption of myopia control therapies (orthokeratology, atropine drops, multifocal lenses) in children.
• Growing e-commerce penetration for eyewear sales.

Segmentation Analysis
By Correction Type:
• Eyeglasses (largest share)

• Contact Lenses
o Soft Contact Lenses
o Rigid Gas Permeable (RGP) Lenses
o Orthokeratology (Ortho-K)

• Refractive Surgery
o LASIK
o PRK
o SMILE

• Myopia Control Therapies
o Atropine Eye Drops
o Multifocal Contact Lenses
o Specialty Spectacle Lenses

By Age Group:
• Pediatric (fastest-growing, due to myopia control adoption)
• Adult
• Geriatric

By Distribution Channel:
• Optical Stores
• Hospitals & Specialty Clinics
• Ambulatory Surgical Centers
• Online Retail

Segmentation Summary:
Eyeglasses dominate the global market, but pediatric myopia management solutions represent the fastest-growing category, as early intervention is critical to slowing progression.

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Regional Analysis
North America
• ~38% share in 2024.
• High demand for refractive surgeries and premium corrective lenses.
• Rising pediatric myopia management adoption.
Europe
• ~29% share.
• Germany, France, and the UK leading in premium eyewear and refractive procedures.
• Growing awareness of childhood myopia prevention.
Asia-Pacific
• Fastest-growing region, CAGR ~8.8%.
• Highest prevalence, with China, Japan, South Korea, and Singapore showing near epidemic levels.
• Strong adoption of myopia control therapies and e-commerce eyewear platforms.
Latin America
• Brazil and Mexico driving market expansion, supported by optical retail chains.
Middle East & Africa
• GCC countries advancing in refractive surgery adoption.
• Unmet need in rural areas due to low access to vision care.
Regional Summary:
Asia-Pacific leads in patient volume and fastest growth, while North America and Europe dominate technology adoption and premium products.

Market Dynamics
Key Growth Drivers:
• Rising global prevalence of myopia, particularly among children.
• Increasing awareness of preventive myopia management.
• Expanding e-commerce and digital eye care platforms.
• Technological innovation in lenses, refractive surgery, and diagnostics.

Key Challenges:
• High cost of refractive surgeries.
• Limited access to advanced myopia management therapies in low-income regions.
• Risk of surgical complications (regression, dry eye, halos).
• Growing dependence on digital devices fueling prevalence.

Latest Trends:
• Expansion of orthokeratology lenses for slowing pediatric myopia progression.
• Use of low-dose atropine therapy gaining regulatory approvals.
• Integration of AI-powered refraction and tele-optometry services.
• Fashion-driven demand for premium eyewear brands.

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Competitor Analysis
Major Players in the Market:
• EssilorLuxottica SA (eyeglasses, specialty lenses for myopia control)
• Johnson & Johnson Vision Care (Acuvue contact lenses, myopia control research)
• Alcon Inc. (contact lenses, surgical devices)
• Bausch + Lomb
• Carl Zeiss Meditec AG (refractive surgery systems, lenses)
• Hoya Corporation (MiYOSMART spectacle lenses for myopia management)
• CooperVision, Inc. (MiSight contact lenses for myopia control)
• STAAR Surgical Company (implantable collamer lenses)
• Menicon Co., Ltd. (Ortho-K lenses)
• Topcon Corporation (diagnostic imaging devices)

Competitive Summary:
EssilorLuxottica, Hoya, and CooperVision lead the pediatric myopia management segment. Alcon, Zeiss, and STAAR Surgical dominate refractive surgery devices, while Johnson & Johnson and Bausch + Lomb strengthen their lens portfolios. The competitive landscape is defined by innovation, affordability, and strong retail distribution.

Conclusion
The Myopia Market, valued at USD 18.4 billion in 2024, is projected to reach USD 37.6 billion by 2034, expanding at a CAGR of 7.4%.

Key Takeaways:
• Eyeglasses dominate, but pediatric myopia management is the fastest-growing segment.
• North America and Europe lead in premium technologies, while Asia-Pacific grows fastest due to high prevalence.
• Advances in AI diagnostics, myopia control therapies, and online distribution are reshaping the industry.
• Long-term opportunities lie in integrating preventive strategies with lifestyle-driven solutions.

Over the next decade, the myopia market will transition from conventional correction toward preventive, personalized, and technology-driven solutions, aiming to slow the epidemic's growth and improve global eye health.

This report is also available in the following languages : Japanese (近視市場), Korean (근시 시장), Chinese (近视市场), French (Marché de la myopie), German (Myopie-Markt), and Italian (Mercato della miopia), etc.

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