The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s myopia and presbyopia treatment market report forecasts the myopia and presbyopia treatment market size to grow to $26.16 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Myopia And Presbyopia Treatment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/myopia-and-presbyopia-treatment-global-market-report

Myopia And Presbyopia Treatment Market Size Forecast
The global myopia and presbyopia treatment market is expected to grow from $17.86 billion in 2022 to $19.47 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The myopia and presbyopia treatment market size is expected to grow to $26.16 billion in 2027 at a CAGR of 7.7%.

North America held the largest myopia and presbyopia treatment market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Myopia And Presbyopia Treatment Market Driver ­– Rise In The Geriatric Population
For instance, according to the United Nations Department of Economic and Social Affairs’ September 2020 report, the population aged 65 and above is projected to rise from 9.3% in 2020 to around 16.0% in 2050. Furthermore, according to October 2021 published factsheet by World Health Organization, a US-based government agency, there will be 1.4 billion individuals over the age of 60 in the world by 2030, up from 1 billion in 2020. Thus, the rising geriatric population is driving myopia and presbyopia treatment market.

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Key Myopia And Presbyopia Treatment Market Trend – Technologically Advanced Solutions
Major companies operating in the market are focused on developing technologically advanced solutions to sustain their position in the myopia and presbyopia treatment market. For instance, in January 2021, Alcon, a US-based Ophthalmology company, launched AcrySof IQ VivityTM IOL (Vivity), the first and only non-diffractive extended depth of focus intraocular lens (IOL) developed with Vivity X-WAVE technology. The unique features of the AcrySof IQ VivityTM IOL provide monofocal-quality distance vision at a distance of at least a few arms, along with excellent intermediate vision and useful near vision. The lens can be used by cataract sufferers who want to enhance their quality of life and restore their visual function.

Myopia And Presbyopia Treatment Market Segment
1) By Disease Type: Myopia, Presbyopia
2) By Myopia Treatment Type: Corrective, Surgical, Drugs
3) By Presbyopia Treatment Type: Prescription Lenses, Contact Lenses, Intraocular Lenses, Refractive Surgery

Myopia And Presbyopia Treatment Market Major Players and Strategies
Major players in the myopia and presbyopia treatment market are ALCON Inc., Bausch & Lomb Incorporated, Carl Zeiss AG, Essilor Ltd., Hagg Striet UK, Johnson & Johnson Vision, Nidek Corporation, Topcon Corporation, Zimmer Ophthalmic Systems AG, AbbVie, Orasis Pharmaceuticals, Regeneron Pharmaceuticals Inc., Sydnexis, The Cooper Companies Inc., and Staar Surgical.

In April 2021, CooperVision, a US-based manufacturer of contact lenses, acquired No7 Contact Lenses for an undisclosed amount. With this acquisition, CooperVision aims to directly provide more items through No7’s well-established channels, which is expected to increase access to their designs. No7 Contact Lenses is a UK-based lens manufacturer for myopia and presbyopia treatment.

The Myopia And Presbyopia Treatment Global Market Report 2023 covers regional data on myopia and presbyopia treatment market size, myopia and presbyopia treatment market trends and drivers, opportunities, strategies, and myopia and presbyopia treatment market competitor analysis. The countries covered in the myopia and presbyopia treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Myopia and presbyopia treatment refers to the treatment or procedure to correct and sharpen the vision caused by myopia and presbyopia in adults and children. The key objective of myopia and presbyopia treatment is to diagnose underlying disorders, lower the risk of injury, prevent ocular symptoms, and detect the disease early.

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