Home > > Global Myopia and Presbyopia Treatment Market Report
The Myopia and Presbyopia Treatment market was valued at $17,769.0 Million in 2022, and is projected to reach $43,389.4 Million by 2032 growing at a CAGR of 9.39% from 2023 to 2032.Myopia, also known as nearsightedness, is a vision condition in which objects that are far away appear blurry, while objects that are close up are clear. Presbyopia is a vision condition that occurs when the lens of the eye becomes less flexible, making it difficult to focus on objects that are close up. There are several treatment options available for myopia and presbyopia. These include eyeglasses, contact lenses, and refractive surgery such as LASIK and PRK. Some of the key drivers of the market for myopia and presbyopia treatment include the increasing prevalence of these conditions due to factors such as prolonged use of digital devices and an aging population. The demand for non-invasive and convenient treatment options is also driving the market. There are several companies that are active in the myopia and presbyopia treatment market, including Alcon, Bausch + Lomb, CooperVision, Johnson & Johnson Vision, and Novartis. These companies offer a range of products and services for the treatment of these conditions, including eyeglasses, contact lenses, and refractive surgery. In recent years, these companies have made various developments in the field of myopia and presbyopia treatment. For example, Alcon has developed the ACRYSOF® ReSTOR® Multifocal IOL, a type of intraocular lens that can be used to treat presbyopia. Bausch + Lomb has introduced the Bausch + Lomb ULTRA® Multifocal Contact Lenses, which are designed to correct both nearsightedness and farsightedness. CooperVision has developed the MyDay® Toric daily disposable contact lens, which is specifically designed for people with astigmatism. Johnson & Johnson Vision has introduced the TECNIS® Multifocal IOL, a type of intraocular lens that can be used to treat presbyopia. And Novartis has developed the Acuvue® Oasys with Transitions? Light Intelligent Technology, a type of contact lens that adjusts to changing light conditions.