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What key factors are powering the surge in the astigmatism market right now?

The market size for astigmatism has witnessed robust growth in the past few years. It is projected to expand from $3.03 billion in 2024 to $3.22 billion in 2025, showcasing a compound annual growth rate (CAGR) of 6.5%. Several factors have contributed to the growth during the historical period, including increased screen time, a higher incidence of myopia, advancements in diagnostic technology, improved access to eye care, and enhanced awareness about vision correction options.

How fast Is the astigmatism market expected to grow, and what’s its future value?

In the forthcoming years, the astigmatism market is forecasted to undergo a robust expansion, reaching a valuation of $4.10 billion in 2029 with a 6.2% compound annual growth rate (CAGR). This growth during the forecast period can come as a result of factors such as the escalated use of toric lenses, increased demand for laser eye surgeries, a growing elderly population, a heightened incidence of digital eye strain, and a burgeoning healthcare infrastructure. Throughout the forecast period, notable trends such as AI-powered diagnostic advancements, a rise in the use of premium toric IOLs, the creation of non-invasive treatment procedures, progress in the technology of hybrid contact lenses, and growth in the mobile eye care clinic sector are expected to be observed.

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What are the leading drivers of growth in the astigmatism market?

The escalating occurrences of vision impairment are predicted to stimulate the expansion of the astigmatism market in the future. Vision impairment, characterized by complete or partial loss of eyesight that cannot be completely rectified with glasses, contact lenses, or medical procedures, is primarily propelled by an aging demographic, rising cases of diabetes and ocular diseases, excessive screen usage, and insufficient eye care in some regions. Astigmatism, which impairs vision by causing distorted or blurry vision due to non-circular corneal or lens shape, interrupts light focus on the retina rightly. To illustrate, the United Nations Development Programme (UNDP), a government agency based in the US, noted that the tally of individuals diagnosed with vision impairments was 19,551 in 2022 as opposed to 17,478 in the previous year. Furthermore, over 19,000 new diagnoses have been logged in just the initial seven months of 2023. Consequently, the escalating occurrences of vision impairment are propelling the expansion of the astigmatism market.

What are the key segments defining the astigmatism market?

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

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Who are the key players steering the development of the astigmatism market?

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.

How are evolving market trends shaping astigmatism Strategies?

Leading businesses in the astigmatism market are prioritizing the introduction of cutting-edge technologies such as water gradient technology. This strategic initiative aims to boost the comfort level of wearing contact lenses, elevate moisture hold, and render clearer sight for people suffering from astigmatism. The water gradient methodology implies a specific contact lens design that gradually amplifies the water constituent from the core outwards, thus improving the lens’s moisture hold and comfort. For instance, Alcon Inc., a pharmaceutical and medical device company based in Switzerland, announced the launch of TOTAL30 for Astigmatism in January 2023. This groundbreaking product is the premier reusable contact lens fabricated from Water Gradient material, tailored specifically for those battling with astigmatism. Studies underscore that comfort plays a pivotal role in enhancing the overall experience of wearing lenses as well as securing customer loyalty.

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Which regions are most influential in expanding 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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