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How has the presbyopia market grown over the years?

In recent times, there has been a robust growth in the market size of presbyopia. The market, which was worth $10.11 billion in 2024, is predicted to grow to $10.70 billion in 2025 with an estimated compound annual growth rate (CAGR) of 5.8%. The historic period saw growth due to factors such as the heightened prevalence of chronic illnesses, escalating cases of eye disorders, swell in the elderly population, the upsurge of medication intakes, and an increase in the sedentary lifestyle of individuals.

What Is the forecasted market size and growth rate for the presbyopia market?

Anticipations are strong for substantial growth in the presbyopia market size in the impending years, with projections suggesting it will escalate to $13.30 billion by 2029, boasting a compound annual growth rate (CAGR) of 5.6%. Factors propelling this growth within the forecasted period encompass increasing emerging markets, enhanced awareness surrounding presbyopia treatment, amplified investment in the healthcare infrastructure sector, a surge in drug approvals and introductions, together with the widespread acceptance of monovision LASIK surgery. The forecast period also anticipates key trends such as progressive technologies, improvements in intraocular lens implantation, the origination of unique presbyopia therapies, the introduction of affordable non-surgical treatments, and the inclusion of artificial intelligence and machine learning.

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What are the major factors driving growth in the presbyopia market?

An increase in instances of visual impairment is projected to further the progression of the presbyopia industry. Visual impairment, a state where an individual faces total or partial loss of sight that glasses, contact lenses, or medical intervention cannot fully rectify, is on the rise. This development is attributable to factors such as an aging population, augmented instances of diabetes and eye diseases, excessive screen exposure, and limited access to eye care in some regions. Presbyopia contributes to visual impairment by diminishing the eye’s ability to focus on near objects due to age-related lens hardening, thereby making daily tasks such as reading and using screens more difficult without corrective actions. For instance, the United Nations Development Programme (UNDP), a US-based United Nations agency, reported in December 2023 that the number of individuals diagnosed with visual impairments rose from 17,478 in 2021 to 19,551 in 2022. In addition, over 19,000 new diagnoses have been reported in only the first seven months of 2023. As a result, the escalating prevalence of visual impairment is fueling the expansion of the presbyopia industry.

What key areas define the segmentation of the global presbyopia Market?

The presbyopia market covered in this report is segmented –

1) By Treatment: Eyeglasses, Contact Lenses, Refractive Surgery, Lens Implants, Other Treatments

2) By Symptoms: Eye Strain, Headaches, Fatigue, Blurred Vision, Other Symptoms

3) By End-Users: Hospitals, Specialty Clinics, Homecare, Other End-Users

Subsegments:

1) By Eyeglasses: Bifocal Eyeglasses, Progressive Lenses, Reading Glasses, Photochromic Lenses

2) By Contact Lenses: Bifocal Contact Lenses, Multifocal Contact Lenses, Monovision Contact Lenses, Scleral Lenses

3) By Refractive Surgery: LASIK (Laser-Assisted In Situ Keratomileusis), PRK (Photorefractive Keratectomy), Conductive Keratoplasty (CK), Corneal Inlays

4) By Lens Implants: Multifocal Intraocular Lenses (IOLs), Accommodative IOLs, Extended Depth of Focus (EDOF) IOLs

5) By Other Treatments: Pharmaceutical Treatments, Corneal Cross-Linking, Near-vision Presbyopia Correction Surgery

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What are the top market players propelling the growth of the presbyopia industry?

Major companies operating in the presbyopia market are Johnson & Johnson Private Limited, AbbVie Inc., Abbott Laboratories, Novartis AG, Essilor International SAS, Carl Zeiss Meditec AG, Alcon Vision LLC, Bausch + Lomb Corporation, CooperVision Inc., Santen Pharmaceutical Co. Ltd., Glaukos Corporation, STAAR Surgical Company, Ziemer Ophthalmic Systems AG, LENZ Therapeutics Inc., InSight Vision Incorporated, Oculis Holding AG, Orasis Pharmaceuticals Inc., Visus Therapeutics Inc., Eyenovia Inc., Atia Vision Inc.

How are evolving market trends shaping presbyopia Strategies?

Major firms in the presbyopia market are prioritizing cutting-edge innovations like eye-responsive progressive lenses, aiming at improving vision and comfort for older individuals. These advanced multifocal lenses adapt to the eye movements, offering comprehensive vision correction for presbyopia at any distance. For example, in August 2023, Essilor, a company from France that designs, manufactures, and commercializes ophthalmic lenses, introduced Varilux, a progressive lenses brand for individuals having presbyopia. This breakthrough uses artificial intelligence (AI) to anticipate visual behavior using unique real-life data, thereby reshaping the criteria for personalized vision correction. Such tech-driven advancements are revolutionizing the presbyopia market, providing enhanced solutions for managing this age-related condition, thereby bettering the overall quality of life.

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What regions are dominating the presbyopia market growth?

North America was the largest region in the presbyopia market in 2024. The regions covered in the presbyopia market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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