Myopia and Presbyopia Treatment Market: Outbreak of COVID-19 is expected to spur market growth at a healthy CAGR of 8.1% in 2028 | ALCON, Bausch Health Companies, EssilorLuxottica (Essilor Ltd.), Johnson & Johnson Vision – Tips & Results

The outbreak of COVID-19 is expected to spur the growth of the myopia and presbyopia treatment market

The global myopia and presbyopia treatment market is valued at US$17.9 billion in 2020 and is projected to grow at a CAGR of 8.1% during the forecast period (2020-2027) as per a new report by Coherent Market Insights is highlighted.

Market overview:

Myopia is an eye condition in which light is focused in front of the retina instead of on it. This causes distant objects to appear blurry while close objects appear normal. While presbyopia is the gradual loss of the eyes ability to focus on close objects. It’s a natural, often annoying part of aging. Glasses and contact lenses are the best treatment options for myopia, and the only permanent treatment option for myopia is refractive surgery. Treatment options include wearing corrective glasses or contact lenses, refractive surgery, or lens implants for presbyopia. In addition, medicated eye drops are emerging as a new treatment method for myopia and presbyopia.

Competitive landscape:

Major Players in Global Myopia and Presbyopia Treatment Market are: Among others ALCON Inc., EssilorLuxottica (Essilor Ltd.), NIDEK CO. LTD., Johnson & Johnson Vision, Topcon Corporation, ZEISS International, Zeimer Ophthalmic Systems and Bausch Health Companies Inc.

๐†๐ž๐ญ ๐…๐ฎ๐ฅ๐ฅ ๐๐ƒ๐… ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: (๐ˆ๐ง๐œ๐ฅ๐ฎ๐๐ข๐ง๐  ๐…๐ฎ๐ฅ๐ฅ ๐…๐ฎ๐ฅ๐ฅ, ๐‹๐ข๐ฌ๐ญ ๐จ๐Ÿ ๐“๐š๐›๐ฅ๐ž๐ฌ & ๐…๐ข๐ ๐ฎ๐ซ๐ž๐ฌ, ๐‚๐ก๐š๐ซ๐ญ) @ https://www.coherentmarketinsights.com/insight/request-pdf/4206

Key Market Drivers:

Rising demand for myopia and presbyopia treatment due to high prevalence of myopia and presbyopia is expected to drive the growth of myopia and presbyopia treatment market during the forecast period. For example, in May 2019, Menicon announced the launch of the Menicon Bloom Myopia Control Management System, a holistic approach to myopia management. The launch includes the debut of Menicon Bloom Night, an orthokeratology contact lens therapy for myopia control management.

Additionally, increasing research and development, increasing people’s awareness of available treatments, and a robust product pipeline are some key factors expected to boost the growth of Myopia and Presbyopia Treatment Market. For example, in October 2021, CooperVision announced a new US education initiative called Take Control: Myopia & You to raise awareness and encourage parents to schedule eye exams for their children.

COVID-19 Impact Analysis:

The importance of time spent in outdoor activities has decreased due to the house arrests for the 2019 coronavirus disease (COVID-19) pandemic. Spending less time outdoors and spending more hours looking at screens during the pandemic contributed to an increase in myopia among children. The prevalence of childhood myopia has increased during the pandemic. Therefore, there is an increasing demand for myopia treatments worldwide, which in turn should contribute to the growth of the market.

๐…๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐จ๐ซ ๐๐ฎ๐ž๐ซ๐ฒ ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐›๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐  ๐š๐ญ ๐•๐ข๐ฌ๐ข๐ญ – https://www.coherentmarketinsights.com/insel/talk-to-analyst/4206

The central theses:

  • The Myopia and Presbyopia Treatment Market is anticipated to register a CAGR of XX% during the forecast period owing to the increasing geriatric population. Presbyopia usually becomes apparent in the early to mid-40s and worsens by the age of around 65. For example, according to the World Health Organization (WHO), by 2030 one in six people in the world will be aged 60 or over, and by 2050 the world population aged 60 and over will double (2.1 billion).
  • Among the regions, North America, Europe and Asia-Pacific are expected to see robust growth in the market for myopia due to increasing prevalence of myopia, increasing presbyopia prevalence, continuous product development, rising awareness among people and rising numbers Myopia and presbyopia treatments are recorded from product launches in these regions.

For example, in October 2021, Allergan, an AbbVie company, received U.S. Food and Drug Administration (USFDA) approval for VUITY (pilocarpine HCl ophthalmic solution) for the treatment of presbyopia in adults.

Additionally, in May 2021, Johnson & Johnson Vision received FDA clearance for its myopia management product, Acuvue Abiliti Overnight Therapeutic Lenses.

๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐š๐ง๐ ๐†๐ž๐ญ ๐”๐’๐ƒ ๐Ÿ๐ŸŽ๐ŸŽ๐ŸŽ ๐Ž๐…๐…

๐๐ฎ๐ซ๐œ๐ก๐š๐ฌ๐ž ๐“๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ ๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง @ https://www.coherentmarketinsights.com/promo/buynow/4206

table of contents

  1. Research goals and assumptions
    • Research Focus
    • assumptions
    • abbreviations
  2. market review
    • Report Description
      • Market Definition and Scope
    • Summary
      • Market snippet, by disease type
      • Market Snippet, by treatment type
      • Market segment, by region
    • Coherent Opportunity Map (COM)
  3. Market dynamics, regulations and trend analysis
    • market dynamics
      • driver
      • restrictions
      • market opportunities
      • Impact Analysis
    • Technological Evolution
    • PEST analysis
    • Microscope Comparison
    • Porter’s analysis
    • COVID-19 Impact Analysis
  4. Global Myopia and Presbyopia Treatment Market, Impact of COVID-19 Pandemic
    • Effects before Covid
    • Effects after Covid
    • Demand and supply impact analysis
  5. Global Myopia and Presbyopia Treatment Market, by Disease Type, 2020-2027 (Billion USD)
    • introduction
      • Market share analysis, 2020 and 2027 (%)
      • YoY growth analysis, 2017-2027
      • segment trends
        • myopia
          • introduction
          • Market Size & Forecast & YoY Growth, 2016-2027, (Billion USD)
        • presbyopia
          • introduction
          • Market Size & Forecast & YoY Growth, 2016-2027, (Billion USD)
  6. Global Myopia and Presbyopia Treatment Market, by Treatment Type, 2020-2027 (Billion USD)
    • introduction
      • Market share analysis, 2020 and 2027 (%)
      • YoY growth analysis, 2017-2027
      • segment trends
        • Prescription lenses
          • introduction
          • Market Size & Forecast & YoY Growth, 2016-2027, (Billion USD)
        • contact lenses
          • introduction
          • Market Size & Forecast & YoY Growth, 2016-2027, (Billion USD)
        • surgery
          • introduction
          • Market Size & Forecast & YoY Growth, 2016-2027, (Billion USD)
        • medication
          • introduction
          • Market Size & Forecast & YoY Growth, 2016-2027, (Billion USD)
        • Other
          • introduction
          • Market Size & Forecast & YoY Growth, 2016-2027, (Billion USD)

View press release: https://www.coherentmarketinsights.com/press-release/myopia-and-presbyopia-treatment-market-3471

About us:

Coherent Market Insights is a global market research and consulting organization providing syndicated research reports, custom research reports and consulting services. We’re known for our actionable insights and authentic reports in diverse fields including Aerospace & Defense, Agriculture, Food & Beverage, Automotive, Chemicals & Materials and virtually every field and an exhaustive list of sub-fields under the sun. We create value for our customers through our highly reliable and accurate reports. We are also committed to playing a leadership role in providing post-COVID-19 insights across multiple sectors and continue to deliver measurable, sustainable outcomes for our clients.

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