The ‘Global Myopia Treatment Devices Market Share, Size, Trends, Price, Report and Forecast 2023-2031′ by Expert Market Research provides an extensive outlook of the global myopia treatment devices market, assessing the market on the basis of its segments like treatment type, product type, end-user, and major regions. The report also offers a detailed insight into the market based on patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnership, and collaborations analysis.
The report studies the latest updates in the market, along with their impact across the market. It also analyzes the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Myopia Treatment Devices Market Price, Share, Size, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2016-2031)
• Forecast CAGR (2023-2031): 9.1%
• Forecast Market Size: USD 14.5 Billion
The increasing prevalence of myopia across the globe, primarily due to lifestyle changes and increased screen time, is expected to drive the growth of the global myopia treatment devices market. Technological advancements in the field of ophthalmology and the development of new and innovative treatment devices will further fuel the market growth. However, the high cost of advanced treatment devices and the lack of awareness about myopia treatment options in developing countries may pose challenges to the market growth.
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Over the forecast period, the anticipated increase in research and development activities for the creation of more effective myopia treatment devices is expected to drive market growth. These developments, coupled with the growing demand for non-invasive treatment options and the strengthening healthcare infrastructure, are likely to contribute to the global myopia treatment devices market growth.
Myopia Treatment Devices Industry Definition and Major Segments
Myopia, also known as near sightedness, is a common refractive error that affects a person’s ability to see distant objects clearly. Myopia treatment devices are used to correct or slow the progression of myopia in patients. These devices include eyeglasses, contact lenses, orthokeratology lenses, and various surgical options such as LASIK and PRK.
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Based on treatment type, the market is segmented into:
• Corrective Lenses
• Laser Eye Surgery
• Lens Implant Surgery
Based on product type, the market is segmented into:
• Contact Lenses
• Orthokeratology Lenses
• Surgical Devices
Based on end-user, the market is classified into:
• Ophthalmology Clinics
• Ambulatory Surgical Centres
• Optical Shops
Based on region, the market is segregated into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Myopia Treatment Devices Market Trends
The key trends in the global myopia treatment devices market include the growing development and research in the healthcare sector, focused on the creation of advanced and more effective myopia treatment devices. The increasing adoption of orthokeratology lenses and the growing demand for minimally invasive surgical options are expected to significantly impact the market.
Increased clinical trials and research studies on novel treatment options, such as low-dose atropine eye drops and light therapy, are projected to contribute to the market growth. The development of innovative devices, such as electronic eyeglasses and smart contact lenses, which can potentially slow the progression of myopia, is also expected to impact the growth of the market.
Key Market Players
The major players in the global myopia treatment devices market report are:
- CooperVision, Inc. (Cooper Companies, Inc.)
- Johnson & Johnson Services, Inc.
- Essilor International
- Bausch & Lomb Inc.
- Lucid Korea Co., Ltd.
- Euclid Systems Corp.
- Nidek Co., Ltd.
- Falco Linsen AG
- Schwind Eye Tech Solutions GmbH
- SynergEyes Inc. (Abb Optical Group)
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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