2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theMyopia Treatment Market?

The growth of the myopia treatment market is being driven by an increase in screen time. This refers to the amount of time spent using screen devices such as televisions, tablets, smartphones, and computers. The rise in screen time can be attributed to an increased use of streaming services, social media, virtual meetings, and remote working. Myopia treatments are beneficial in reducing eye strain and discomfort that are often associated with prolonged screen time, thereby promoting better focus, enhanced visual clarity, and comfort. According to data from the US-based government agency, the Centers for Disease Control and Prevention, published in October 2024, 50.4% of teenagers aged 12–17 reportedly spent 4 or more hours per day using screens between July 2021 and December 2023. Additionally, 22.8% had 3 hours of screen time, 17.8% had 2 hours, 6.1% had 1 hour, and 3.0% used screens less than 1 hour per day. Hence, the uptick in screen time is a key factor propelling the growth of the myopia treatment market.

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How Will the Growth Rate of theMyopia Treatment Market Impact Industry Trends by 2034?

In recent times, the market size of myopia treatment has seen substantial growth. Estimates predict it will expand from $17.82 billion in 2024 to $19.58 billion in 2025, with a compound annual growth rate (CAGR) standing at 9.9%. A variety of factors have contributed to this growth during the historical period, including a rise in the elderly population, heightened government awareness campaigns, increased public understanding of myopia treatment, a boost in research and development investment, and an escalating number of cases involving distance vision impairment.

There is a strong upward trajectory anticipated for the myopia treatment market in the forthcoming years, with a projected increase to $28.16 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.5%. This predicted advancement can be credited to the growing instances of long-distance vision issues, increased adoption of digital mediums, the improvement of healthcare facilities, a higher prevalence of myopia, and a surge in vision impairment cases. Key trends expected during this forecast period involve the utilization of rigid gas-permeable contact lenses, progress in light-based treatment methods, innovative research into genetic factors, increased usage of digital platforms and applications, and advancements in atropine eye drops.

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What Are the Current Market Growth and Trends in theMyopia Treatment Market That Industry Players Should Watch?

Leading firms in the myopia treatment market are redirecting their efforts towards the creation of innovative products such as optical biometers. These advanced tools enhance diagnostic accuracy and aid in the creation of customized treatments. Optical biometers utilise light to evaluate eye parameters such as axial length and corneal curvature, enabling the diagnosis and monitoring of eye disorders. For example, NIDEK Co., Ltd., an ophthalmic goods manufacturer based in Japan, introduced the AL-Scan M and MV-1 in February 2023. The AL-Scan M product, featuring 3D auto-tracking and auto-shot capabilities, offers efficient, user-friendly measurements on par with those of an autorefractor. These attributes greatly increase patient throughput, especially among younger individuals. The device is meticulously designed to deliver exact axial length measurements, which is crucial for monitoring myopia’s development. Furthermore, it smoothly pairs with the MV-1 Myopia Viewer software, facilitating the tracking of treatment history and patient response.

What Are the Major Market Players Making an Impact on theMyopia Treatment Market Growth?

Major companies operating in the myopia treatment market are Regeneron Pharmaceuticals Inc., Alcon Inc., Bausch Health Companies Inc., Hoya Corporation, Johnson & Johnson Vision Care Inc., CooperVision Inc., Menicon Co. Ltd., Topcon Healthcare Inc., Essilor Ltd., NIDEK CO. LTD., SightGlass Vision Inc., SCHWIND eye-tech-solutions GmbH, Visioneering Technologies Inc., MEDMONT INTERNATIONAL PTY LTD., Vyluma Inc., Haag-Streit Holding AG, NovaSight Ltd., Euclid Vision Corporation, Treehouse Eyes LLC, Sydnexis Inc., Neurobit Technologies Co. Ltd., Kubota Pharmaceutical Holdings Co. Ltd.

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How Are the Key Segments of the Myopia Treatment Market Driving Opportunities and Innovations?

The myopia treatment market covered in this report is segmented –

1) By Type: Simple Myopia, High Myopia, Pathological Myopia

2) By Treatment: Eyeglasses, Contact Lenses, Refractive Surgery, Laser-Assisted In Situ Keratomileusis (LASIK), Photorefractive Keratectomy (PRK), Orthokeratology (Ortho-K)

3) By Route Of Administration: Oral, Parenteral, Other Routes Of Administration

4) By Distribution Channel: Direct Tender, Retail Sales, Other Distribution Channels

5) By End-User: Hospital Or Clinical Laboratories, Physician Offices, Reference Laboratories, Other End-Users

Subsegments:

1) By Simple Myopia: Mild Myopia, Moderate Myopia

2) By High Myopia: Severe Myopia, Very Severe Myopia

3) By Pathological Myopia: Degenerative Myopia, Malignant Myopia

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What Regions Are At the Forefront of #How Are Key Drivers in the Industry Acting as Catalysts for the Growth of theMyopia Treatment Market?# Market Expansion?

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

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