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What Is the Forecast for the Astigmatism Market from 2024 to 2025?

The market for astigmatism has seen robust growth in the past years. It’s anticipated to expand from a value of $3.03 billion in 2024 to $3.22 billion in 2025, with a compound annual growth rate (CAGR) of 6.5%. Factors contributing to the significant growth observed in the historical period include an increase in screen usage, a rising incidence of myopia, the development of diagnostic technology, better accessibility to eye care, and heightened awareness of vision correction.

What Is the Projected Market Size of the Astigmatism Market?

In the coming years, the astigmatism market is predicted to witness significant growth, escalating to a value of $4.10 billion in 2029 with a compound annual growth rate (CAGR) of 6.2%. This upward trend during the forecast period is due to factors such as increased use of toric lenses, a rise in demand for laser eye surgeries, an uptick in the ageing populace, a heightened incidence of digital eye strain and an expansive growth in healthcare infrastructure. The forecast period is also expected to see major developments including improvements in AI-aided diagnostics, an increase in premium toric IOL utilization, the introduction of non-invasive treatment methods, progression in hybrid contact lens technology, and enhancements in mobile eye care clinics.

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Who are the Major Competitors in the Astigmatism Market Outlook?

Major companies operating in the astigmatism market are Johnson & Johnson Services Inc., Novartis AG, EssilorLuxottica SA, Alcon Inc., HOYA Corporation, Bausch + Lomb Incorporated, CooperVision Inc., Carl Zeiss Meditec AG, Santen Pharmaceutical Co. Ltd., Shamir Optical Industry Ltd., STAAR Surgical Company, Menicon Co. Ltd., Rayner Intraocular Lenses Limited, Ophtec BV, SEA VISION S.r.l., SynergEyes Inc., Contamac Ltd., SEED Co. Ltd., Miranza Clínica, Visionary Optics LLC.

What Is Fueling Growth in the Astigmatism Market?

The rise in cases of vision impairment is anticipated to stimulate the expansion of the astigmatism market in the future. Vision impairment refers to a situation where an individual experiences total or partial loss of sight, which cannot be entirely corrected with eyeglasses, contact lenses, or medical interventions. This escalating incidence of vision impairment is influenced by factors such as growing aging population, rising diabetes and eye conditions, excessive exposure to screens, and lack of access to eye care in some regions. Astigmatism, causing blurred or distorted vision as a result of a non-uniform shape of the cornea or lens, leads to improper focus of light on the retina, thereby contributing to vision impairment. For instance, the United Nations Development Programme (UNDP), a government agency based in the US, recorded the number of individuals living with vision impairments as 19,551 in 2022, which indicates a rise from 17,478 in 2021. Furthermore, more than 19,000 new cases have been reported in merely the first seven months of 2023. Consequently, the escalating incidence of vision impairment fuels the expansion of the astigmatism market.

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Which Astigmatism Market Segments Are Growing the Fastest?

The astigmatism market covered in this report is segmented –

1) By Type: Myopic Astigmatism, Hyperopic Astigmatism, Mixed Astigmatism, Other Types

2) By Treatments: Corrective Lenses, Orthokeratology, Surgeries, Other Treatments

3) By End User: Hospitals, Clinics, Other End Users

Subsegments:

1) By Myopic Astigmatism: Simple Myopic Astigmatism, Compound Myopic Astigmatism, Mixed Myopic Astigmatism

2) By Hyperopic Astigmatism: Simple Hyperopic Astigmatism, Compound Hyperopic Astigmatism, Mixed Hyperopic Astigmatism

3) By Mixed Astigmatism: Compound Mixed Astigmatism, Simple Mixed Astigmatism

4) By Other Types: Regular Astigmatism, Irregular Astigmatism, Congenital Astigmatism, Post-surgical Astigmatism

Which Industry Trends Are Shaping the Future of the Astigmatism Market?

Key players in the astigmatism market are putting their efforts into the advancement of novel technologies such as water gradient technology. The goal is to augment the comfort of contact lenses, enhance moisture preservation, and improve vision clarity for those suffering from astigmatism. To explain, water gradient technology is a type of contact lens creation where the water content progressively increases from the core to the surface, thus significantly boosting moisture retention and comfort. For example, in January 2023, a pharmaceutical and medical device company based in Switzerland, Alcon Inc., launched TOTAL30 for Astigmatism. This groundbreaking product is the first-ever reusable contact lens crafted with Water Gradient material, aimed specifically at people with astigmatism. Research reveals that comfort plays a prime role in the lens-wearing experience and in customer retention.

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Which Countries Are Leading the Astigmatism Market?

North America was the largest region in the astigmatism market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the astigmatism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the astigmatism market, and how is it changing globally?

2. Who are the major companies in the astigmatism market, and how are they performing?

3. What are the key opportunities and risks in the astigmatism market right now?

4. Which products or customer segments are growing the most in the astigmatism market?

5. What factors are helping or slowing down the growth of the astigmatism market?

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