The Myopia Control Lenses Market Growth Accelerated By Increased Adoption Of Myopia Control Lenses

Pooja Khodke

The Myopia Control Lenses Market Growth Accelerated By Increased Adoption Of Myopia Control Lenses

Myopia control lenses are specialty contact lenses or glasses designed to slow the progression of nearsightedness or myopia in children. These lenses help manage the growth and development of the eye by reshaping light before it reaches the retina. With the increasing prevalence of myopia in children and teenagers globally, there is high demand for effective treatments to control the progression of the condition.

The global Myopia Control Lenses Market is estimated to be valued at Us$ 1.26 Bn in 2023 and is expected to exhibit a CAGR Of 5.4% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the major market trends fueling the growth of the myopia control lenses market is the increasing adoption of these lenses among parents looking to effectively manage their child's myopia progression. Studies have shown that myopia control lenses can slow the progression of nearsightedness by up to 59% compared to single vision glasses. With growing awareness about the benefits of these specialized lenses in controlling axial length elongation and refractive error development in children, their demand is rising significantly. Manufacturers are also launching new lens designs and materials that are more effective yet comfortable for extended wear. This is further promoting the adoption of myopia control options and driving revenue growth of this market.

Segment Analysis

The global Myopia Control Lenses market is dominated by multifocal contact lenses segment, holding around 35% share of the total market. This is because multifocal contact lenses helps control myopia progression in children effectively by altering the pattern of light entering the eyes. The addition of prism ballasts or concentric rings helps redirecting light towards the peripheral retina, reducing dependence on clear central vision.

Key Takeaways

The Global Myopia Control Lenses Market Demand is expected to witness high growth over the forecast period of 2023-2030. Regional analysis

Regional analysis shows that Asia Pacific region dominates the global Myopia Control Lenses market with around 45% market share. Higher prevalence of myopia among school going children and young adults in major markets like China, Japan and South Korea is driving the demand. Increasing awareness regarding benefits of myopia control lenses among parents and eye care professionals is further boosting adoption.

Key players

Key players operating in the Myopia Control Lenses market are Novartis AG, Abbott Laboratories, Mylan N.V., Merck KgaA, Bayer AG, Pfizer Inc. Novartis AG offers various myopia control lens products like MiYOSMART, MiYOSMART with plenOptikTM technology and MiYOCare under Bausch & Lomb brand.

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Pooja Khodke

Myopia Control Lenses Market Growth Accelerated By Increased Awareness Among Parents

Pooja Khodke 2024-01-03

The global Myopia Control Lenses Market is estimated to be valued at Us$ 1. Therefore, parents are increasingly willing to pay premium prices for myopia control lenses which help reduce the progression of myopia in children. This has resulted in higher sales and increased demand for myopia control lenses globally over the past few years. Segment Analysis The global myopia control lenses market is dominated by multifocal contact lenses segment. Stack-On and Liberty Safe are prominently marketing multifocal and single vision myopia control lenses.

Myopia Control Lenses Market: Advancements In Technology And Innovation

Rahul Kumar Yadav 2023-08-04

The Myopia Control Lenses Market has experienced significant advancements in technology and innovation, revolutionizing the way we address nearsightedness in individuals. One of the key technological advancements in the Myopia Control Lenses Market is the introduction of multifocal contact lenses and eyeglasses. Furthermore, the rise of orthokeratology or ortho-k lenses has been a game-changer in myopia control. Additionally, advancements in Myopia Control Lenses Market lens materials and designs have contributed to the development of lenses with enhanced visual performance and increased comfort. The Myopia Control Lenses Market has witnessed remarkable progress in technology and innovation.

Myopia Control Lenses Market Poised To Grow At Highest Pace Owing To Increasing Myopia Prevalence

Poonam 2024-02-26

Rising prevalence of myopia globally especially in Asia Pacific region is a major driver boosting demand for myopia control lenses. Entry of new players and launch ofapps to track myopia progression is expected to make myopia control mainstream in coming years. Impact of COVID-19 on Myopia Control Lenses Market The outbreak of COVID-19 pandemic has impacted the growth of myopia control lenses market worldwide. China dominates Asia Pacific Myopia Control Lenses Market Demand both in terms of production and sales volume. Retail and online channels are expanding in these developing Asian markets which is positively impacting the myopia control lenses business.

Global Teenager Myopia Control Market Analysis Comprehensive Report 2019-2027

Sheryl Dias 2022-02-23

Request Free Sample Report HereMarket Dynamics The market is driven by factors such as rising prevalence of myopia, increasing number of diabetics growing screen time, rising incidence of distance vision impairment. Segmental OutlookOn the basis of product types, the global Teenager Myopia Control market is segmented into spectacles, contact lens, ortho-K, and atropine. About Growth Market Reports:GROWTH MARKET REPORTS provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys. com Follow Us: LinkedIn | Twitter

Factors Influencing Consumer Choices in Myopia Control Lenses Market

gauri kanale 2023-08-03

The Myopia Control Lenses Market is witnessing a surge in demand as more individuals seek effective solutions to address myopia progression. In this blog, we will explore the key factors that shape consumer decisions in the Myopia Control Lenses and their implications for industry players. The global Myopia Control Lenses Market size was valued at US$ 1. Customized myopia control lenses, tailored according to individual prescriptions and visual needs, are increasingly sought after. Moreover, the availability of insurance coverage for myopia control treatments influences purchase decisions.

Myopia Control Lens Market Value Report Forecast 2022-2028

akashpatil 2022-10-20

The global Myopia Control Lens (Plastic Lens) market size is estimated to be worth US$ 604. This report focuses on Myopia Control Lens (Plastic Lens) volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Myopia Control Lens (Plastic Lens) market size by analysing historical data and future prospect. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Understanding the segments helps in identifying the importance of different factors that aid the market growth. 60% of the Myopia Control Lens (Plastic Lens) global market in 2021, is projected to value US$ 1,443.

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