Myopia And Presbyopia Treatment Market Industry Analysis , Opportunity Assessment And Forecast Till 2030: Grand View Research Inc.

 Myopia And Presbyopia Treatment Market Growth & Trends

Global myopia and presbyopia treatment market size is expected to reach USD 33.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.5% from 2022 to 2030. Growing research and development in the targeted disorders is expected to drive the market considerably over the forecast period. Moreover, the growing prevalence of myopia and high myopia is anticipated to fuel the market growth during the forecast period. Incidences of myopia in the developing countries of Asia Pacific, such as Japan, China, Singapore, and the Republic of Korea, are growing steeply in recent years.

The growing prevalence of myopia and presbyopia is an opportunity for industry players to introduce efficient treatment solutions. Among the developed nations, the U.S. is witnessing a significant boost in the incidence of myopia and presbyopia, especially in individuals over 42 years of age. The introduction of technologically advanced surgical options and high adoption rates in developed countries are expected to boost the market growth in the upcoming years.

Advanced diagnostic and surgical treatment solutions include LASIK, LASEK, and PRK. The integration of these techniques with artificial intelligence and robot-assisted surgical tools is expected to fuel the number of surgical procedures. The introduction of multifocal intraocular lenses and implantable contact lenses is expected to have a positive impact on the market growth.

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Myopia And Presbyopia Treatment Market Report Highlights

• By myopia treatment type, single prescription corrective lenses held a significant share in the market in 2021 owing to the progression of myopia with age, thus requiring frequent changes of corrective lenses
• Based on presbyopia treatment type, the progressive multifocal segment is expected to grow significantly over the forecast period owing to the wide acceptance due to aesthetic advantages
• Multifocal contact lenses for the correction of presbyopia held the second-largest share in 2021 largely due to the easy availability and effective outcomes
• North America was the leading regional market in 2021 due to the rising demand for myopia and presbyopia contact lenses for vision correction
• The Asia Pacific region is anticipated to expand at the fastest growth rate during the forecast period due to the rising incidence of ophthalmic diseases and the growing geriatric population across several countries in Asia

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Myopia And Presbyopia Treatment Market Segmentation

Grand View Research has segmented global myopia and presbyopia treatment market report based on type and region:

Myopia Treatment Type Outlook (Revenue, USD Million, 2017 - 2030)

• Corrective
  • Prescription Lenses
    • Single
    • Bifocal
    • Trifocal
    • Others
  • Contact lenses
• Surgical
• Drugs

Presbyopia Treatment Type Outlook (Revenue, USD Million, 2017 - 2030)

• Prescription Lenses
  • Reading Glasses
  • Bifocals
  • Trifocals
  • Progressive Multifocals
  • Office progressives
• Contact Lenses
  • Bifocal
  • Multifocal
  • Monovision
  • Modified Monovision
• Intraocular Lenses
• Refractive surgery

Myopia And Presbyopia Treatment Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • India
  • China
  • Japan
  • Thailand
  • South Korea
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

List of Key Players in Myopia And Presbyopia Treatment Market

• Ziemer Ophthalmic Systems AG
• NIDEK CO., LTD.
• Johnson & Johnson Vision
• Essilor Ltd.
• Zeiss International
• ALCON VISION LLC
• Bausch & Lomb Incorporated
• Haag-Streit UK
• Topcon Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.