Global Myopia and Presbyopia Market
Forecast and Trends
Global Myopia Treatment
Market has gained the momentum in recent years with a CAGR of 6.90%, in value
terms, over the forecast period 2020-2026, and expected to reach at USD 14.80
Billion by 2026. Increasing cases of vision loss largely due to myopia coupled
with rising incidence of distance vision impairment due to uncorrected myopia,
are some of the major factors expected to drive the growth.
Global Presbyopia Treatment
Market has gained the momentum in recent years with a CAGR of
7.35%, in value terms, over
the forecast period 2020-2026. Growing prevalence of presbyopia cases globally
is creating immense opportunities for industry players to develop effective
treatment solutions. Among the developed nations, the U.S. is experiencing a
significant increase in the incidence of presbyopia, especially in people above
age of 40
Global Myopia and Presbyopia
Myopia (also called
nearsightedness) is the most common cause of impaired vision in people under
age 40. Myopia is an ocular disorder where the optical power of the eye is too
high for the corresponding axial length. Light rays from an infinity object
entering a non-accommodating myopic eye are too tightly converged and centered
in front of the retina. The size of a myope is located in front of the eye,
between the cornea and the optical infinity.
The uncorrected myope's
visual acuity will continue to decrease as objects are located farther away
from the far point and closer to the optical infinity. In comparison, visual
acuity is greater for objects located between the distance of the eye and the
nearest accommodation point.
Symptoms: The most common symptom of
myopia is decreased distance vision. Patients with pathologic myopia may also
report visual distortion secondary to retinal pathology.
Causes: Myopia occurs when
the eyeball is too long, compared to the cornea's focusing power and the eye
lens. It allows the light rays to focus on their surface at a point in front of
the eye, rather than directly.
Presbyopia is a condition
associated with eye aging that leads to a gradual loss of the ability to
clearly focus on close objects. Symptoms include difficulty reading small
printing, having to keep reading material at a distance, headaches and
Presbyopia is the gradual
loss of the ability of eyes to focus on nearby objects. It is a natural
part of aging, sometimes irritating. Presbyopia usually gets apparent in early
to mid-40s and tends to get worse until about 65 years of age.
Symptoms: Presbyopia develops
gradually. Patient may first notice these signs and symptoms after age 40:
tendency to hold reading material farther away to make the letters clearer
vision at normal reading distance
or headaches after reading or doing close-up work.
Myopia Treatment .
LASIK surgery is commonly
accepted as one of the surgical procedures for the treatment of myopia and
owing to its permanent nature and minimally invasive procedure is expected to
witness substantial growth during the forecast era. The factors expected to
drive segment growth are the growing use of advanced intraoperative imaging and
technology along with developments in surgical instruments with artificial
intelligence and robot assisted surgeries.
LASIK is a commonly known
surgical treatment for the presbyopia treatment. The surgery includes the
reshaping of the cornea to improve hyperopia or farsightedness. It is predicted
that high prevalence of these conditions coupled with increasing demand for
LASIK surgery would fuel market growth during the forecast period.
Technologically advanced approaches help to significantly reduce the mean
turnaround time for ophthalmic surgeries.
Rising prevalence rate of
myopia & presbyopia
The incidence of myopia
varies by country and ethnic group according to epidemiologic evidence In some
Asian countries, youth in urban areas of Singapore, China, Japan, South Korea,
Taiwan and Hong Kong reached as high as 70-90%.
Myopia : The prevalence of
pathological myopia in population-based research moderate to high in comparison
with presbyopia & it is estimated at 1-3%. This is a tremendous economic
cost to society, in addition to the human cost of visual disability. As the prevalence
of simple myopia increases, the incidence of pathological myopia may also
Presbyopia : Presbyopia prevalence is
higher in societies where there is a survival of larger proportions of the
population into old age. With the aging of the U.S. population, unprecedented
numbers of presbyopia patients can be expected to present to the offices of
optometrists in the coming years.
High Cost associated with
High cost of myopia &
presbyopia treatment is one of the key factor expected to hamper market growth
in upcoming years. The treatment via. Surgery, medicine or contact lenses
varies in terms of price and patient condition. The annual direct average cost
of myopia correction for Asian adults has been estimated at US $328
billion/annum. The cost of care is also likely to increase significantly,
exacerbated by an even greater increase in the prevalence of high myopia. In
terms of surgery, the average cost of LASIK surgery performed in the
United States in 2019 was $2,246 per eye and
includes consultations, aftercare and access to outstanding facilities.
In addition for LASIK surgery unsuitable patient often are 40 and older, as
patient have presbyopia, where the lens of the eye becomes stiff and hinders
close-up vision. Contact lenses can cost varies from between $150 and $1,500 a
year, depending on the brand, type, and patient insurance coverage plan. Rigid
Gas Permeable contacts with lenses typically cost more than disposable contacts
as they are approved to be reused every day for up to one year. RGP contacts
average cost about $100 per lens, so $200 for a pair. Discount retailers may
offer these lenses at as low as $30 per lens, and often offer incentives and
lower prices for bulk purchases. Insurance could help offset those costs. Costs
can differ from brand to brand, and for lenses of speciality. Contacts intended
for treating astigmatism or corneal refractive therapy that cost more than
those for myopia corrections.
Global Myopia and Presbyopia
Market: Treatment Type
The myopia treatment market
is divided into corrective, surgical, and drugs segment. The corrective segment
is further subdivided into prescription lenses and contact lenses. In Situ Keratomileusis
(LASIK), Laser Epithelial Keratomileusis (LASEK), and Photorefractive
Keratectomy (PRK) and others are included in the surgical section. Due to an
growing prevalence of myopia in developing countries, the prescription lenses
segment held the largest share in the myopia treatment market in 2019. Rising
patient pool is projected to contribute to the growing demand for corrective
lenses. LASIK surgery is largely adopted as one of the surgical procedures for
the treatment of myopia, Increasing availability of advanced equipment and
decreasing services costs are expected to boost the demand for surgeries during
the forecast period.
By presbyopia treatment type,
the market is divided into corrective, surgical, and drugs. Corrective segment
is further divided into prescription and contact intraocular lenses. Contact
lens consist bifocal, multifocal, monovision, and modified monovision.
Conductive Keratoplasty, LASIK, LASEK, and PRK are effective refractive
surgical procedures used for the presbyopia treatment in the global market.
Prescription lenses expected to be the
fastest growing segment over the forecast period owing to increasing preference
for presbyopia correction. They are widely accepted due to aesthetic and visual
advantages, such as image clarity while rejecting image jumping during eye
movements. In addition, innovations, such as multifocals with anti-reflexive
coating and photochromic lenses, are also expected to propel the segment growth.
Global Myopia and Presbyopia Market: Regional
Based on region, the global Myopia and Presbyopia market
segmented into North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa.
North America is expected to hold the largest market share due
to the availability of advanced technologies for the treatment of targeted
disorders coupled with the presence of a large number of market players in the
region. Over the forecast period.
Followed by North America, Asia Pacific is projected to be
the fastest growing area due to a rapid increase in geriatric population, high
prevalence of eye diseases, and increasing medical tourism. North America
projected to hold largest share in the market with the market size of USD 1.66
Billion in 2019 and expected to witness Market size of USD 2.65 Billion in 2026
at a CAGR of 7.00% during 2020-2026
The leading companies of Myopia and Presbyopia Market are Alcon
Vision LLC, Johnson & Johnson Vision, Bausch Health Companies Inc. (Bausch
& Lomb), Cooper Companies, Inc. (CooperVision), Carl Zeiss Meditec AG,
EssilorLuxottica SA , Nidek Co. Ltd. , Topcon Corporation , Ziemer Ophthalmic
Systems AG , Haag-Streit UK Ltd (Metall Zug AG) , and other prominent players.
Ø December 3, 2019
: Johnson & Johnson Vision Launches TECNIS Toric II 1-Piece IOL as a new
monofocal alternative for astigmatised cataract patients; conducting
multi-center, post-market clinical trials across the United States.
Ø March 2019,
Company acquired certain assets of Synergy Pharmaceuticals Inc., a
biopharmaceutical company focused on gastrointestinal therapies. Synergy’s
flagship product, TRULANCE®, is approved for adults with chronic idiopathic
constipation and irritable bowel syndrome with constipation.
Scope of the Report
Historical data – 2016-2019
Base Year – 2019
2020 – 2026
Revenue in USD Million
U.S, Canada, Germany, UK,
France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South Korea, China,
India, UAE, South Africa, Saudi Arabia
By Treatment Type with Region.
Alcon Vision LLC, Johnson
& Johnson Vision, Bausch Health Companies Inc. (Bausch & Lomb), Cooper
Companies, Inc. (CooperVision), Carl Zeiss Meditec AG, EssilorLuxottica SA ,
Nidek Co. Ltd. , Topcon Corporation , Ziemer Ophthalmic Systems AG , Haag-Streit
UK Ltd (Metall Zug AG) and other prominent players.
Ø Prescription Lenses
Ø Contact Lenses
Ø North America
Ø Asia Pacific
Ø Latin America
Ø Middle East & Africa
The objective of the Study:
Ø To analyze and forecast the global Myopia and
Presbyopia Market size of the market in terms of value.
Ø To examine the careful market segmentation and
forecast the market size, in terms of value, based on the region by segmenting.
Ø The Global Myopia and Presbyopia Market segmented
into five regions, namely, North America, Europe, Asia Pacific, Latin America,
Middle East & Africa and their leading countries.
Ø To outline, categorized, and forecast the global Myopia
and Presbyopia Market based on the leasing type, aircraft type, and security
Ø To examine competitive developments like
technological advancement, services, and regulative framework within the global
Myopia and Presbyopia Market.
Ø To highlight the impact analysis of the factors
affecting the market dynamics such as drivers, restraints, opportunities, and
Ø To strategically profile the key players and
comprehensively analyze their market shares along with detailing the
competitive landscape for market leaders.
Ø Key executive and strategy growth
Ø End users
Ø Government institutions/Hospitals/Clinics
Ø Consultancy firms