myopia treatment devices market, myopia treatment devices market size, myopia treatment devices market growth, myopia treatment devices market analysis, myopia treatment devices market value, myopia treatment devices market trends
What are the recent trends in market size and growth for the myopia treatment devices market?
The myopia treatment devices market size has grown strongly in recent years. It will grow from $6.88 billion in 2024 to $7.53 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to government health initiatives, increasing research and development, enhanced patient education, increasing disposable income, and increasing focus on pediatric eye care.
The myopia treatment devices market size is expected to see strong growth in the next few years. It will grow to $10.70 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to the growth of telemedicine services, advancements in gene therapy, expansion of myopia control programs, advancements in surgical techniques, and integration of artificial intelligence (AI) in diagnostics. Major trends in the forecast period include advancements in refractive surgery, digital eye strain solutions, advanced contact lenses, laser refractive surgery, and biosensors for eye health.
Get Your Free Sample of The Global Myopia Treatment Devices Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20893&type=smp
How have varous drivers impacted the growth of the myopia treatment devices market?
The increasing prevalence of eye diseases is expected to propel the growth of the myopia treatment devices market going forward. Eye diseases refer to a broad range of conditions or disorders that affect the structure or function of the eye, potentially impairing vision. The increasing prevalence of eye diseases is due to aging populations, rising screen time, lifestyle changes, and greater exposure to environmental pollutants. Myopia treatment devices help manage eye disease by slowing the progression of myopia, improving visual clarity, and reducing the risk of associated complications, ultimately offering a proactive approach to preserving eye health and enhancing the quality of life for those affected. For instance, in May 2024, according to the Centers for Disease Control and Prevention, a US-based government agency, in 2024, 17.2% of Americans aged 40 and older, or about 20.5 million people, will have cataracts in at least one eye, with this number expected to rise to over 30 million by 2028. Therefore, the increasing prevalence of eye diseases is driving the growth of the myopia treatment devices market.
What are the primary segments of 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
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/myopia-treatment-devices-global-market-report
Which firms are leading the myopia treatment devices market?
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
How will industry trends affect the trajectory of the myopia treatment devices market?
Major companies operating in the myopia treatment devices market are prioritizing innovation and technological advancements, such as overnight therapeutic lenses, to strengthen their competitive position and meet the increasing demand for effective and user-friendly treatment options. An overnight therapeutic lens refers to a special type of contact lens that is worn overnight to achieve temporary vision correction, typically for conditions such as myopia (nearsightedness), astigmatism, or presbyopia. For instance, in January 2022, Johnson & Johnson Vision, a US-based pharmaceutical industry company, launched ACUVUE Abiliti, a new line of myopia management solutions aimed at addressing the growing prevalence of myopia in children. The ACUVUE Abiliti 1-Day Soft Therapeutic Lenses are designed to slow myopia progression in children aged 7 to 12 years. These innovative daily-wear lenses mark a significant advancement in myopia management, demonstrating an average reduction in axial elongation of 0.105 mm over six months. This reduction helps lower the long-term risks associated with high myopia, which can lead to severe vision complications in the future.
Which geographic trends are shaping the myopia treatment devices market, and which region has the highest market share?
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.
What Does The Myopia Treatment Devices Market Report 2025 Offer?
The myopia treatment devices market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Myopia treatment devices refer to various tools and technologies used to manage or correct myopia (nearsightedness). These devices utilize advanced technologies, such as reshaping the cornea with ortho-K lenses or using atropine drops, to slow the progression of myopia and improve vision without the need for constant corrective eyewear.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=20893
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
