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Myopia and Presbyopia Treatment Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 123
  • SKU: IRTNTR74159
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The myopia and presbyopia treatment market share is expected to increase by USD 7.22 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.94%.

This myopia and presbyopia treatment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers myopia and presbyopia treatment market segmentation by type (myopia treatment and presbyopia treatment) and geography (Asia, North America, Europe, and Rest of World (ROW)). The myopia and presbyopia treatment market report also offers information on several market vendors, including AbbVie Inc., Alcon Inc., Bausch Health Co. Inc., BVI Medical Inc., Carl Zeiss AG, Essilor International SAS, Haag Streit Group, Johnson and Johnson, NIDEK Co. Ltd, Ophtec BV, Orasis Pharmaceuticals Inc., Regeneron Pharmaceuticals Inc., Sanjeevan School For Perfect Eyesight, Sydnexis Inc., The Cooper Companies Inc., Topcon Corp., and Ziemer Ophthalmic Systems AG among others.

What will the Myopia and Presbyopia Treatment Market Size be During the Forecast Period?

Myopia and Presbyopia Treatment Market Size

Download Report Sample to Unlock the Myopia and Presbyopia Treatment Market Size for the Forecast Period and Other Important Statistics

 

Myopia and Presbyopia Treatment Market: Key Drivers, Trends, and Challenges

The increasing prevalence of myopia and presbyopia is notably driving the myopia and presbyopia treatment market growth, although factors such as safety concerns associated with the use of contact lenses may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the myopia and presbyopia treatment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Myopia and Presbyopia Treatment Market Driver

One of the key factors driving growth in the myopia and presbyopia treatment market is the increasing prevalence of myopia and presbyopia. The prevalence of refractive errors such as myopia and presbyopia is increasing significantly across the world. Myopia has also been shown to increase the risk of vision-threatening complications such as glaucoma, cataract, and retinal detachment. The proportion of the global geriatric population is expected to nearly double by 2050. The highest prevalence of myopia is in East and Southeast Asia, where countries such as South Korea, Taiwan, Singapore, China, and Japan have a prevalence of 80% to 90% of myopia. The number of presbyopia patients is significantly increasing worldwide. The number of presbyopia is the largest in East Asia, South Asia, and Southeast Asia, reporting more than twice that of other regions. These diseases lead to an increased incidence of visual impairment. Thus, the demand for treatment options such as contact lenses, concave lenses, and corrective lenses has increased tremendously around the world, which will drive the growth of the global myopia and presbyopia treatment market.

Key Myopia and Presbyopia Treatment Market Trend

The launch of new products is a myopia and presbyopia treatment market trend that is expected to have a positive impact in the coming years. The vendors in the global myopia and presbyopia treatment market are launching innovative products to increase their share in the market in focus and remain competitive. In June 2022, Johnson and Johnson announced that it had received US FDA clearance and Health Canada approval and completed CE Mark activities for its latest contact lens innovation, ACUVUE OASYS MAX 1-Day and ACUVUE OASYS MAX 1-Day MULTIFOCAL. In September 2020, Johnson and Johnson announced the launch of TECNIS Synergy Toric II, which is a Continuous-Range-of-Vision Intraocular Lens (IOL) with exceptional rotational stability. In July 2020, Essilor announced the launch of its new lens named Stellest in China. The product is a new generation of spectacle lens solutions that slow the progression of myopia in children.

Key Myopia and Presbyopia Treatment Market Challenge

The safety concerns associated with the use of contact lenses will be a major challenge for the myopia and presbyopia treatment market during the forecast period. Various safety concerns are associated with the use of contact lenses in the treatment of myopia and presbyopia. Improper and prolonged use of contact lenses can lead to severe eye infections, such as pink eye (conjunctivitis), eye irritation, and corneal abrasions. The risk of getting these conditions is significantly high if proper care is not taken for the lenses. In rare cases, these conditions can also lead to blindness. Such safety concerns may hamper the growth of the global myopia and presbyopia treatment market.

This myopia and presbyopia treatment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global myopia and presbyopia treatment market as a part of the pharmaceutical market within the overall healthcare industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the myopia and presbyopia treatment market during the forecast period.

Who are the Major Myopia and Presbyopia Treatment Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AbbVie Inc.
  • Alcon Inc.
  • Bausch Health Co. Inc.
  • BVI Medical Inc.
  • Carl Zeiss AG
  • Essilor International SAS
  • Haag Streit Group
  • Johnson and Johnson
  • NIDEK Co. Ltd
  • Ophtec BV
  • Orasis Pharmaceuticals Inc.
  • Regeneron Pharmaceuticals Inc.
  • Sanjeevan School For Perfect Eyesight
  • Sydnexis Inc.
  • The Cooper Companies Inc.
  • Topcon Corp.
  • Ziemer Ophthalmic Systems AG

 

This statistical study of the myopia and presbyopia treatment market encompasses successful business strategies deployed by the key vendors. The myopia and presbyopia treatment market is fragmented and the vendors are deploying growth strategies such as focusing on innovating existing technologies, introducing efficient technologies, and adopting growth strategies such as mergers and acquisitions to compete in the market.

Product Insights and News

  • Alcon Inc. - Alcon Inc. is a public company headquartered in Switzerland. It is a global company generating $8,222 million in revenues and has around 24,389 employees. Its revenue from the global myopia and presbyopia treatment market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • Alcon Inc. - The company offers treatment for Myopia and Presbyopia by providing lenses that lower the issue that one faces looking at a distance. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The myopia and presbyopia treatment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Myopia and Presbyopia Treatment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the myopia and presbyopia treatment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Myopia and Presbyopia Treatment Market?

Myopia and Presbyopia Treatment Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

38% of the market’s growth will originate from Asia during the forecast period. China, Japan, and the Republic of Korea are the key markets for myopia and presbyopia treatment in Asia. Market growth in this region will be slower than the growth of the market in other regions.

The rising number of populations suffering from myopia will facilitate the myopia and presbyopia treatment market growth in Asia over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

During the COVID-19 pandemic in 2020, the estimated 1-year incidence of myopia was 28%, 27%, and 26% among 6, 7, and 8-year-olds compared with 17%, 15%, and 15% in 2019. Thus, the rising prevalence of myopia in Asian countries will augment the growth of myopia and presbyopia treatment market in the region. China, Japan, and South Korea are the major revenue contributors to myopia and presbyopia treatment market in the region. Furthermore, growing advancements in myopia and presbyopia treatment and the presence of a huge middle-class population with significant potential in countries such as China and India are anticipated to drive the growth of the Asia myopia and presbyopia treatment market during the forecast period. 

What are the Revenue-generating Type Segments in the Myopia and Presbyopia Treatment Market?

Myopia and Presbyopia Treatment Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The myopia and presbyopia treatment market share growth by the myopia treatment segment will be significant during the forecast period. Myopia treatment is expected to be the largest segment of the global myopia and presbyopia market during the forecast period and is expected to grow at a significant growth rate owing to the rising prevalence of myopia globally. Incidences of myopia in the developing countries of APAC, such as Japan, China, Singapore, and the Republic of Korea, have increased significantly in recent years. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the myopia and presbyopia treatment market size and actionable market insights on post COVID-19 impact on each segment.

 

Myopia and Presbyopia Treatment Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.94%

Market growth 2022-2026

$ 7.22 billion

Market structure

Fragmented

YoY growth (%)

7.43

Regional analysis

Asia, North America, Europe, and Rest of World (ROW)

Performing market contribution

Asia at 38%

Key consumer countries

US, UK, China, Japan, and Republic of Korea

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AbbVie Inc., Alcon Inc., Bausch Health Co. Inc., BVI Medical Inc., Carl Zeiss AG, Essilor International SAS, Haag Streit Group, Johnson and Johnson, NIDEK Co. Ltd, Ophtec BV, Orasis Pharmaceuticals Inc., Regeneron Pharmaceuticals Inc., Sanjeevan School For Perfect Eyesight, Sydnexis Inc., The Cooper Companies Inc., Topcon Corp., and Ziemer Ophthalmic Systems AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Myopia and Presbyopia Treatment Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive myopia and presbyopia treatment market growth during the next five years
  • Precise estimation of the myopia and presbyopia treatment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the myopia and presbyopia treatment industry across Asia, North America, Europe, and Rest of World (ROW)
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of myopia and presbyopia treatment market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Myopia treatment - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Myopia treatment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Myopia treatment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Myopia treatment - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Myopia treatment - Year-over-year growth 2021-2026 (%)
    • 5.4 Presbyopia treatment - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Presbyopia treatment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Presbyopia treatment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Presbyopia treatment - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Presbyopia treatment - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Asia - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Asia - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Asia - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Asia - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Rest of World (ROW) - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Rest of World (ROW) - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Rest of World (ROW) - Year-over-year growth 2021-2026 (%)
    • 7.7 China - Market size and forecast 2021-2026
      • Exhibit 58: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 Japan - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.10 Republic of Korea - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Republic of Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Republic of Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Republic of Korea - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Republic of Korea - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Market opportunity by geography
      • Exhibit 78: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 79: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 80: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 81: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 82: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 83: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 84: Matrix on vendor position and classification
            • 10.3 Alcon Inc.
              • Exhibit 85: Alcon Inc. - Overview
              • Exhibit 86: Alcon Inc. - Business segments
              • Exhibit 87: Alcon Inc. - Key offerings
              • Exhibit 88: Alcon Inc. - Segment focus
            • 10.4 Bausch Health Co. Inc.
              • Exhibit 89: Bausch Health Co. Inc. - Overview
              • Exhibit 90: Bausch Health Co. Inc. - Business segments
              • Exhibit 91: Bausch Health Co. Inc. - Key news
              • Exhibit 92: Bausch Health Co. Inc. - Key offerings
              • Exhibit 93: Bausch Health Co. Inc. - Segment focus
            • 10.5 Carl Zeiss AG
              • Exhibit 94: Carl Zeiss AG - Overview
              • Exhibit 95: Carl Zeiss AG - Business segments
              • Exhibit 96: Carl Zeiss AG - Key offerings
              • Exhibit 97: Carl Zeiss AG - Segment focus
            • 10.6 Essilor International SAS
              • Exhibit 98: Essilor International SAS - Overview
              • Exhibit 99: Essilor International SAS - Product / Service
              • Exhibit 100: Essilor International SAS - Key offerings
            • 10.7 Haag Streit Group
              • Exhibit 101: Haag Streit Group - Overview
              • Exhibit 102: Haag Streit Group - Product / Service
              • Exhibit 103: Haag Streit Group - Key offerings
            • 10.8 Johnson and Johnson
              • Exhibit 104: Johnson and Johnson - Overview
              • Exhibit 105: Johnson and Johnson - Business segments
              • Exhibit 106: Johnson and Johnson - Key news
              • Exhibit 107: Johnson and Johnson - Key offerings
              • Exhibit 108: Johnson and Johnson - Segment focus
            • 10.9 NIDEK Co. Ltd
              • Exhibit 109: NIDEK Co. Ltd - Overview
              • Exhibit 110: NIDEK Co. Ltd - Business segments
              • Exhibit 111: NIDEK Co. Ltd - Key news
              • Exhibit 112: NIDEK Co. Ltd - Key offerings
              • Exhibit 113: NIDEK Co. Ltd - Segment focus
            • 10.10 Ophtec BV
              • Exhibit 114: Ophtec BV - Overview
              • Exhibit 115: Ophtec BV - Product / Service
              • Exhibit 116: Ophtec BV - Key offerings
            • 10.11 Topcon Corp.
              • Exhibit 117: Topcon Corp. - Overview
              • Exhibit 118: Topcon Corp. - Business segments
              • Exhibit 119: Topcon Corp. - Key news
              • Exhibit 120: Topcon Corp. - Key offerings
              • Exhibit 121: Topcon Corp. - Segment focus
            • 10.12 Ziemer Ophthalmic Systems AG
              • Exhibit 122: Ziemer Ophthalmic Systems AG - Overview
              • Exhibit 123: Ziemer Ophthalmic Systems AG - Product / Service
              • Exhibit 124: Ziemer Ophthalmic Systems AG - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 125: Inclusions checklist
                • Exhibit 126: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 127: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 128: Research methodology
                • Exhibit 129: Validation techniques employed for market sizing
                • Exhibit 130: Information sources
              • 11.5 List of abbreviations
                • Exhibit 131: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Myopia and Presbyopia Treatment market growth will increase by $7229.52 million during 2022-2026.
              The myopia and presbyopia treatment market is expected to grow at a CAGR of 7.94% during 2022-2026.
              Technavio has segmented the myopia and presbyopia treatment market by geographic (Asia, North America, Europe, and Rest of World (ROW)).
              AbbVie Inc., Alcon Inc., Bausch Health Co. Inc., BVI Medical Inc., Carl Zeiss AG, Essilor International SAS, Haag Streit Group, Johnson and Johnson, NIDEK Co. Ltd, Ophtec BV, Orasis Pharmaceuticals Inc., Regeneron Pharmaceuticals Inc., Sanjeevan School For Perfect Eyesight, Sydnexis Inc., The Cooper Companies Inc., Topcon Corp., Ziemer Ophthalmic Systems AG are a few of the key vendors in the myopia and presbyopia treatment market.
              Asia will register the highest growth rate of 38.28% among the other regions. Therefore, the myopia and presbyopia treatment market in Asia is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the myopia and presbyopia treatment market growth are:
              • Increasing prevalence of myopia and presbyopia
              • Launch of new products
              The myopia and presbyopia treatment market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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              • Five-force market analysis

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