What Is The Current and Future Size of The Myopia and Presbyopia Treatment Market?
The Myopia and Presbyopia Treatment market size has demonstrated significant growth in recent years, rising from $21.04 billion in 2024 to an expected $22.7 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 7.9%. This vigorous growth during the historical period can be largely attributed to the increasing prevalence of myopia and presbyopia, awareness and education initiatives, a shift in lifestyles and screen time, consumer preference for non-surgical treatments, economic growth and healthcare spending, and advancement in clinical research and development.
The forecast period also promises a strong growth trajectory for the Myopia and Presbyopia Treatment market, anticipated to reach $31.43 billion by 2029 at a CAGR of 8.5%. The expected growth is driven by industry trends such as the emergence of gene therapies for eye disorders, focus on vision correction for lifestyle enhancement, growing adoption of orthokeratology and a shift towards preventive eyecare.
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What Are The Key Factors Fueling The Growth of The Myopia and Presbyopia Treatment Market?
A major driver for the Myopia and Presbyopia Treatment market is the global surge in the geriatric population. People aged 65 and above, often face multiple health issues due to weakened immunity and advanced age. Aging is a major risk factor for myopia, presbyopia, and other eye-related diseases. Treatment for these conditions involves meticulous examination and analysis of both the visual and microscopic components of the eyes. The World Health Organization (WHO) reported in October 2022 that by 2030, one in six people worldwide will be aged 60 or older. The rising number of older adults is therefore driving significant demand for Myopia and Presbyopia Treatment.
What Segments Comprise The Myopia and Presbyopia Treatment Market?
– Disease Type: Myopia, Presbyopia
– Myopia Treatment Type: Corrective, Surgical, Drugs
– Presbyopia Treatment Type: Prescription Lenses, Contact Lenses, Intraocular Lenses, Refractive Surgery
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Who Are The Major Players In The Myopia and Presbyopia Treatment Market?
Prominent companies operating in the Myopia and Presbyopia Treatment market include ALCON Inc., Bausch & Lomb Incorporated, Carl Zeiss AG, Essilor Ltd., Hagg Striet UK Ltd., Johnson & Johnson Vision Inc., Nidek Corporation, Topcon Corporation, Zimmer Ophthalmic Systems AG, AbbVie Inc., Orasis Pharmaceuticals Ltd., Regeneron Pharmaceuticals Inc., Sydnexis Inc., The Cooper Companies Inc., Staar Surgical Co., Eyenovia Inc., Allergan PLC, Hoya Corporation, Novartis AG, Menicon Co. Ltd., CooperVision Inc., Visioneering Technologies Inc., AcuFocus Inc., Ocular Therapeutix Inc., SightGlass Vision Inc., Presbia PLC, Ophthotech Corporation, OphthaliX Inc., LensGen Inc., Lightico Ltd., RxSight Inc., Perfect Lens LLC.
What Are The Emerging Trends In The Myopia and Presbyopia Treatment Market?
Technological advancements are driving innovation and growth in the Myopia and Presbyopia Treatment market. For example, Entod Pharmaceuticals, an India-based company, launched in September 2024 PresVu Eye Drops, the first eye drop in India specifically developed for treating presbyopia, an age-related vision condition.
What Are The Regional Insights Of The Myopia and Presbyopia Treatment Market?
North America held the largest market share for Myopia and Presbyopia Treatment in 2024, with Asia-Pacific positioned as the fastest-growing region for the forecast period. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Market Definition: What Does The Myopia and Presbyopia Treatment Market Report 2025 Offer?
Myopia and Presbyopia Treatment refers to the procedures used to correct and enhance vision impaired by conditions such as myopia and presbyopia. The treatment aims to diagnose underlying disorders, lower the risk of injury, prevent ocular symptoms, and detect the disease early. The Myopia and Presbyopia Treatment Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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