Strategic Forecast for the Myopia Treatment Devices Industry: Market Outlook 2025-2034

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Myopia Treatment Devices Market Size Growth Forecast: What to Expect by 2025?
Over the past few years, there has been significant growth in the market of myopia treatment devices. The market forecast predicts a rise from $6.88 billion in 2024 to $7.48 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. Government health measures, a rise in research and development, improved patient knowledge, increased disposable income, and a heightened attention to pediatric eye health have all contributed to the growth witnessed in the historic period.

How Will the Myopia Treatment Devices Market Size Evolve and Grow by 2029?
The market for myopia treatment devices is anticipated to experience significant expansion in the coming years, with its value expected to reach $10.6 billion in 2029 with a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this projected growth encompass the rise of telemedicine services, gene therapy advancements, the broadening scope of myopia control programs, surgical technique improvements, and the inclusion of artificial intelligence (AI) in diagnostic procedures. Look forward to notable market trends over the forecast period, such as enhancements in refractive surgery, solutions for digital eye strain, state-of-the-art contact lenses, laser refractive surgery, and the incorporation of biosensors in eye health maintenance.

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What Drivers Are Propelling the Growth of Myopia Treatment Devices Market Forward?
The surging instances of eye ailments are projected to drive the expansion of the myopia treatment devices market. This term pertains to a variety of conditions or disorders that compromise the structure or function of the eye, potentially leading to vision impairment. The uptick in eye disease prevalence can be attributed to factors such as aging populations, increased screen use, lifestyle modifications, and higher exposure to environmental pollutants. Myopia treatment gadgets are essential in managing eye disorders by curbing the advancement of myopia, enhancing visual clarity, and minimizing the likelihood of linked complications, thereby adopting a proactive stance in maintaining eye health and improving quality of life for patients. In May 2024, the Centers for Disease Control and Prevention, a government agency based in the US, predicted that in 2024, cataracts will affect 17.2% of Americans over the age of 40, equating to approximately 20.5 million people, with these figures anticipated to exceed 30 million by 2028. Consequently, the escalating prevalence of eye conditions is fueling the growth of the myopia treatment devices market.

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Which Emerging Trends Are Transforming the Myopia Treatment Devices Market in 2025?
Key players in the myopia treatment devices market are placing emphasis on technological advancements and innovation, particularly in areas like overnight therapeutic lenses, with a goal of enhancing their competitive standing while also satisfying the growing need for effective, user-friendly treatment solutions. Overnight therapeutic lenses are specialized contact lenses, worn during sleep, to temporarily correct vision issues such as myopia, astigmatism, or presbyopia. For example, in January 2022, a pharmaceutical company based in the US, Johnson & Johnson Vision, introduced ACUVUE Abiliti, a novel myopia management product line aimed at the escalating occurrence of myopia among children. The ACUVUE Abiliti 1-Day Soft Therapeutic Lenses are engineered to slow the progression of myopia in children from 7 to 12 years old. These ground-breaking daily lenses represent a major breakthrough in managing myopia, showing an average reduction in axial length of 0.105 mm over a six-month period. This decrease aids in reducing the long-term consequences of high myopia, which may lead to serious vision problems later in life.

What Are the Key Segments in 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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Who Are the Key Players Shaping the Myopia Treatment Devices Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Myopia Treatment Devices Market?
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.

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