Focusing on the Emerging Scenario: The Mounting Significance of Meeting Myopia and Presbyopia Treatment Market Requirements, FMI Indicates an 8.5% CAGR from 2022 to 2032

The market for medical remedies for treating myopia (nearsightedness) and presbyopia (age-related farsightedness) is referred to as the “Myopia and Presbyopia Treatment Market.” These two frequent ocular refractive defects affect a sizable fraction of the world’s population.

Presbyopia is characterised by the deterioration of near vision that comes with ageing, whereas myopia is a disorder where people have trouble seeing clearly distant things. The quality of life and visual acuity of an individual can both be greatly impacted by these diseases.

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By 2032, the market for myopia and presbyopia therapies is projected to grow at a CAGR of 8.5% to reach US$ 17.9 billion. By the end of 2032, it is projected that the market share for myopia and presbyopia treatments would be worth roughly US$ 40.5 billion. These systems provide methods for healthcare firms to manage and retain a productive workforce.

Software and services for workforce management, cost management, and employee engagement are included in these offerings. Additionally, it provides advantages including lower labour costs and workplace regulations. To resolve management problems, a number of healthcare institutions and organisations are employing workforce management systems. During the pandemic era, Future Market Insights (FMI) focused on the expansion and development of the Hospital Workforce Management Market using a multidisciplinary approach. Along with the important conclusions on the prognosis, the study offers insights on the present growth dynamics and the significant revenue reforms now in effect in the market.

By 2020, more than 2.1 billion people will be presbyopic worldwide, according to a global market study of myopia and presbyopia treatment services. According to the World Health Organisation (WHO), by 2020, presbyopia would affect more than 826 million people worldwide. As a result, it is projected that the adoption of myopia and presbyopia treatment services will dramatically rise in emerging nations throughout the course of the projection period.

Key Takeaways Myopia and Presbyopia Treatment Market:

The treatment market for myopia and presbyopia offers a range of options to correct or manage these conditions. Some of the key treatments and interventions available include:

• Eyeglasses: Traditional eyeglasses with corrective lenses are a common and cost-effective solution for both myopia and presbyopia. They help to focus light properly on the retina, improving vision.
• Contact lenses: Soft or rigid gas-permeable contact lenses can be prescribed for myopia and presbyopia. Contact lenses provide a wider field of vision compared to eyeglasses and can be suitable for individuals who prefer not to wear glasses.

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• Refractive surgery: Laser-assisted surgeries such as LASIK (Laser-Assisted In Situ Keratomileusis) and PRK (Photorefractive Keratectomy) are popular options for correcting myopia. These procedures reshape the cornea to improve the eye’s focusing power.
• Intraocular lenses (IOLs): For presbyopia, multifocal or accommodating intraocular lenses can be implanted during cataract surgery. These lenses help restore near, intermediate, and distance vision.
• Orthokeratology (Ortho-K): This treatment involves wearing specially designed gas-permeable contact lenses overnight to temporarily reshape the cornea. Ortho-K lenses provide clear vision during the day without the need for glasses or contact lenses.
• Pharmaceutical interventions: Ongoing research is focused on developing pharmaceutical options for myopia control and presbyopia treatment. These may include eye drops or other medications to slow the progression of myopia or restore accommodation in presbyopia.

Global Myopia and Presbyopia Treatment Market Key Players:

• Ziemer Ophthalmic Systems AG
• NIDEK CO., LTD.
• Johnson & Johnson Vision
• Essilor Ltd.
• Zeiss International
• ALCON VISION LLC
• Bausch & Lomb Incorporated
• Haag-Streit UK
• Topcon Corporation

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Myopia and Presbyopia Treatment Market by Segmentation

By Myopia Treatment Type:

• Corrective
  • Prescription Lenses
    • Single
    • Bifocal
    • Trifocal
    • Others
  • Contact Lenses
• Surgical
• Drugs

By Presbyopia Treatment Type:

• Prescription Lenses
  • Reading Glasses
  • Bifocals
  • Trifocals
  • Progressive Multifocal
  • Office Progressives
• Contact Lenses
  • Bifocal
  • Multifocal
  • Monovision
  • Modified Monovision
• Intraocular Lenses
• Refractive Surgery

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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