Myopia Treatment Market
Myopia Treatment Market Forecasts to 2030 - Global Analysis By Type (Simple Myopia,High Myopia, Pathological Myopia and Other Types), Treatment, Route of Administration, Age Group, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $12523.10 BN |
|
Projected Year Value (2030) |
US $22661.58 BN |
|
CAGR (2024 - 2030) |
10.39% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Myopia Treatment Market is accounted for $12523.10 billion in 2024 and is expected to reach $22661.58 billion by 2030 growing at a CAGR of 10.39% during the forecast period. Myopia treatment refers to various methods used to slow, stop, or correct nearsightedness, a condition where distant objects appear blurry while close objects remain clear. Treatment options include prescription eyeglasses or contact lenses, orthokeratology (corneal reshaping lenses), atropine eye drops, and refractive surgeries like LASIK or PRK. Myopia management strategies, especially in children, aim to slow progression using lifestyle changes such as increased outdoor activities and reduced screen time. Advances in myopia control focus on innovative lenses and pharmaceutical approaches to prevent high myopia-related complications like retinal detachment and glaucoma.
Market Dynamics:
Driver:
Growing awareness and diagnosis
Early case detection is being achieved by expanded screening initiatives in workplaces and schools. Improvements in diagnostic technologies allow for accurate identification and prompt action. Growing knowledge of available treatments, such as atropine drops, orthokeratology, and corrective glasses, accelerates market expansion. Concerns about digital eye strain and public health initiatives further motivate people to give eye care first priority. As a consequence of the growing need for efficient solutions, the market for myopia treatments is growing quickly.
Restraint:
Limited availability of specialized treatments
Many cutting-edge therapies, such atropine eye drops and orthokeratology, are not generally available, particularly in rural regions. Patients become dependent on traditional eyeglasses and contact lenses as a result of this limitation in access to efficient remedies. The broad use of specialised therapies is further discouraged by high prices and a lack of experience. Additionally, market progress is slowed in emerging nations by a lack of infrastructure and knowledge. Consequently, even if the frequency of myopia is rising, the market's potential for expansion is still limited.
Opportunity:
Telemedicine and digital eye health solutions
Remote consultations lower the risk of developing severe myopia by facilitating early identification and prompt correction. When prescribing remedial therapies like orthokeratology and atropine drops, AI-powered diagnostic tools improve accuracy and efficiency. Programs for digital vision therapy offer individualised treatment regimens that enhance patient compliance and results. Proactive management is encouraged by the increased use of wearable technology and smartphones, which provide ongoing monitoring of eye health. These developments thereby increase market growth by improving the effectiveness and convenience of myopia therapy.
Threat:
Post-treatment complications
The side effects of LASIK or ortho-k lenses, including as dry eyes, glare, halos, and regression of vision correction, discourage people from pursuing these procedures. Serious side effects, such as corneal infections and retinal detachment, make patients and medical professionals even more concerned about patient safety. Costs are raised by the requirement for corrective surgery and follow-up therapies, which limits access to myopia therapy. Word-of-mouth and unfavourable patient experiences deter potential patients from seeking care. Consequently, the industry is confronted with reduced growth potential and slower adoption rates.
Covid-19 Impact
The COVID-19 pandemic significantly impacted the myopia treatment market, disrupting supply chains and delaying elective eye care procedures. Lockdowns and increased screen time due to remote work and online learning contributed to rising myopia cases, especially among children. While initial restrictions led to reduced patient visits and treatment adoption, demand surged post-pandemic as awareness of eye health grew. Advancements in orthokeratology, atropine eye drops, and innovative corrective lenses gained traction, driving market recovery and long-term growth in myopia management solutions.
The simple myopia segment is expected to be the largest during the forecast period
The simple myopia segment is expected to account for the largest market share during the forecast period, due to its rising global prevalence, especially among children and young adults. Increasing screen time and reduced outdoor activities contribute to the growing cases, fuelling demand for corrective solutions. Advancements in optical treatments, such as specialized contact lenses and orthokeratology, further boost market growth. Additionally, the availability of pharmacological interventions like low-dose atropine expands treatment options.
The parenteral segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the parenteral segment is predicted to witness the highest growth rate by offering advanced drug delivery methods that ensure rapid and effective therapeutic outcomes. Injectable treatments, such as atropine injections, provide sustained drug release, reducing progression in high-risk myopic patients. This segment benefits from technological advancements in biologics and gene therapy, enhancing precision and efficacy. Increased R&D investments and regulatory approvals for novel injectables further drive market growth. The rising prevalence of severe myopia cases boosts demand for parenteral interventions, reinforcing their market impact.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share due to rising cases of myopia and growing awareness of early intervention. Advanced treatments like orthokeratology, atropine eye drops, and laser surgery are gaining traction. The presence of key players, technological advancements, and supportive healthcare policies drive market growth. The demand for pediatric myopia management is increasing, with innovations in contact lenses and surgical options. The U.S. dominates the market, followed by Canada, due to strong healthcare infrastructure and research investments.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, owing to increasing screen time and growing awareness about eye health. Countries like China, Japan, and South Korea are at the forefront, driven by advanced eye care solutions and government initiatives. Innovations in orthokeratology lenses, atropine eye drops, and surgical procedures fuel market expansion. Additionally, rising disposable incomes and the availability of specialized treatments contribute to demand. The market is poised for continuous growth with ongoing technological advancements.
Key players in the market
Some of the key players profiled in the Myopia Treatment Market include Johnson & Johnson Vision, Novartis AG, CooperVision, Bausch & Lomb, EssilorLuxottica, Carl Zeiss Meditec AG, Alcon, Hoya Corporation, Nidek Co., Ltd., STAAR Surgical Company, Ziemer Ophthalmic Systems AG, Menicon Co., Ltd., SynergEyes, Inc., Abbott Medical Optics Inc., Visioneering Technologies, Inc., Lumenis Ltd., NeoVista, Inc. and Presbia PLC.
Key Developments:
In December 2024, EssilorLuxottica agreed to acquire Espansione Group, an Italy-based company specializing in non-invasive medical devices for diagnosing and treating dry-eye, ocular surface, and retinal diseases. This acquisition aims to strengthen EssilorLuxottica's position in the med-tech sector and enhance its portfolio of vision care solutions.
In July 2024, EssilorLuxottica announced the acquisition of a majority stake in Heidelberg Engineering, a German company specializing in ophthalmic diagnostic instruments. This acquisition is expected to bolster EssilorLuxottica's capabilities in providing comprehensive diagnostic and surgical solutions, supporting early diagnosis and treatment of eye conditions, including myopia.
In May 2023, EssilorLuxottica partnered with Chalhoub Group to form a joint venture focused on expanding retail eyewear presence in the Gulf Cooperation Council (GCC) region. The collaboration plans to open mono-brand and multi-brand stores for iconic global brands such as Ray-Ban, Persol, Oliver Peoples, and David Clulow, aiming to enhance customer service and experiences in the region.
Types Covered:
• Simple Myopia
• High Myopia
• Pathological Myopia
• Other Types
Treatments Covered:
• Eyeglasses
• Contact Lenses
• Refractive Surgery
• LASIK
• PRK
• Ortho-K
• Other Treatments
Route of Administrations Covered:
• Oral
• Parenteral
• Other Route of Administrations
Age Groups Covered:
• Pediatric Myopia
• Adult Myopia
End Users Covered:
• Hospital Pharmacies
• Retail Pharmacies & Optical Stores
• Online Pharmacies
• Ophthalmology Clinics
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Myopia Treatment Market, By Type
5.1 Introduction
5.2 Simple Myopia
5.3 High Myopia
5.4 Pathological Myopia
5.5 Other Types
6 Global Myopia Treatment Market, By Treatment
6.1 Introduction
6.2 Eyeglasses
6.3 Contact Lenses
6.4 Refractive Surgery
6.5 LASIK
6.6 PRK
6.7 Ortho-K
6.8 Other Treatments
7 Global Myopia Treatment Market, By Route of Administration
7.1 Introduction
7.2 Oral
7.3 Parenteral
7.4 Other Route of Administrations
8 Global Myopia Treatment Market, By Age Group
8.1 Introduction
8.2 Pediatric Myopia
8.3 Adult Myopia
9 Global Myopia Treatment Market, By End User
9.1 Introduction
9.2 Hospital Pharmacies
9.3 Retail Pharmacies & Optical Stores
9.4 Online Pharmacies
9.5 Ophthalmology Clinics
9.6 Other End Users
10 Global Myopia Treatment Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Johnson & Johnson Vision
12.2 Novartis AG
12.3 CooperVision
12.4 Bausch & Lomb
12.5 EssilorLuxottica
12.6 Carl Zeiss Meditec AG
12.7 Alcon
12.8 Hoya Corporation
12.9 Nidek Co., Ltd.
12.10 STAAR Surgical Company
12.11 Ziemer Ophthalmic Systems AG
12.12 Menicon Co., Ltd.
12.13 SynergEyes, Inc.
12.14 Abbott Medical Optics Inc.
12.15 Visioneering Technologies, Inc.
12.16 Lumenis Ltd.
12.17 NeoVista, Inc.
12.18 Presbia PLC
List of Tables
1 Global Myopia Treatment Market Outlook, By Region (2022-2030) ($MN)
2 Global Myopia Treatment Market Outlook, By Type (2022-2030) ($MN)
3 Global Myopia Treatment Market Outlook, By Simple Myopia (2022-2030) ($MN)
4 Global Myopia Treatment Market Outlook, By High Myopia (2022-2030) ($MN)
5 Global Myopia Treatment Market Outlook, By Pathological Myopia (2022-2030) ($MN)
6 Global Myopia Treatment Market Outlook, By Other Types (2022-2030) ($MN)
7 Global Myopia Treatment Market Outlook, By Treatment (2022-2030) ($MN)
8 Global Myopia Treatment Market Outlook, By Eyeglasses (2022-2030) ($MN)
9 Global Myopia Treatment Market Outlook, By Contact Lenses (2022-2030) ($MN)
10 Global Myopia Treatment Market Outlook, By Refractive Surgery (2022-2030) ($MN)
11 Global Myopia Treatment Market Outlook, By LASIK (2022-2030) ($MN)
12 Global Myopia Treatment Market Outlook, By PRK (2022-2030) ($MN)
13 Global Myopia Treatment Market Outlook, By Ortho-K (2022-2030) ($MN)
14 Global Myopia Treatment Market Outlook, By Other Treatments (2022-2030) ($MN)
15 Global Myopia Treatment Market Outlook, By Route of Administration (2022-2030) ($MN)
16 Global Myopia Treatment Market Outlook, By Oral (2022-2030) ($MN)
17 Global Myopia Treatment Market Outlook, By Parenteral (2022-2030) ($MN)
18 Global Myopia Treatment Market Outlook, By Other Route of Administrations (2022-2030) ($MN)
19 Global Myopia Treatment Market Outlook, By Age Group (2022-2030) ($MN)
20 Global Myopia Treatment Market Outlook, By Pediatric Myopia (2022-2030) ($MN)
21 Global Myopia Treatment Market Outlook, By Adult Myopia (2022-2030) ($MN)
22 Global Myopia Treatment Market Outlook, By End User (2022-2030) ($MN)
23 Global Myopia Treatment Market Outlook, By Hospital Pharmacies (2022-2030) ($MN)
24 Global Myopia Treatment Market Outlook, By Retail Pharmacies & Optical Stores (2022-2030) ($MN)
25 Global Myopia Treatment Market Outlook, By Online Pharmacies (2022-2030) ($MN)
26 Global Myopia Treatment Market Outlook, By Ophthalmology Clinics (2022-2030) ($MN)
27 Global Myopia Treatment Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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