Myopia Management Lens Market Latest Innovations, Drivers And Industry Key Events 2030

Myopia Management Lens market: Introduction

  • Myopia is the inability to see things clearly until they’re relatively close to the eyes. Myopia is a common refractive error among children and young adults. In case of myopia, the light focuses in front of the retina, instead of directly focusing on it. A cornea that is excessively curved for the length of the eyeball or a lens inside the eye that is too thick are a few factors that cause myopia.
  • Myopia is corrected with standard prescription eyeglasses or contact lenses, which refocus light on the retina. Lenses used to correct near-sightedness are concave in shape and are thinner at the centre and thicker at the edges. Concave lens move the focus of light in a near-sighted eye from a point in front of the retina further backward so that it falls directly onto the surface of the retina, which helps correct blurry distance vision caused by myopia (nearsightedness), thereby restoring clear vision. These lenses are also called “minus power lenses”, as they reduce the focusing power of the eye. The lens powers on an eyeglass prescription for myopia always begin with a minus sign. The higher the power number of the lens, the more myopia it corrects. The power of a lenses is measured in units called diopters (D). For Instance a -4.00 D lens corrects twice the amount of near-sightedness as a -2.00 D lens.

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Key Drivers, Restraints, and Opportunities of Global Myopia Management Lens Market

  • Rise in global population with myopia is the leading cause of distance refractive error and also leading to vision impairment in some cases. According to the report by WHO, in 2010, myopia affected 1.89 billion people worldwide. Increase in population affected with myopia boosts the global myopia management lenses market. Furthermore, newer features in the lenses, such as anti-reflective coating, is a key factor driving the market.
  • There is only one restraint which can be considered in case of myopia management lenses as opposed to other refractive errors is that the images seen through glasses/lenses with minus lenses appear marginally smaller than they actually are. This effect is small enough that the brain can easily account for it, and the individual hardly ever notices it; however, the effect can be noticeable with higher prescriptions. One way to reduce the effect of minified images is for the myopic patient to wear contact lenses. In most cases, patients with smaller prescriptions will only notice a marginal difference.
  • Technological advancements in the manufacturing of lenses are providing more advanced and accurate lens for users, which in turn is estimated to fuel the demand for myopia curing lenses and subsequently, create considerable opportunities for the global myopia management lenses market.

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North America to Capture Major Share of Global Myopia Management Lens Market

  • North America is expected to hold a major share of the global myopia management lens market. Myopia is increasingly becoming a highly prevalent vision issue in the U.S. in the last few years, up 25% from just 40 years ago. According to health experts, this increase is expected continue in the near future. Consistent rise of cases in North America is projected to propel the myopia management lenses market in the region.
  • The myopia management lenses market in Asia Pacific is expected to expand at a rapid pace. According to report by WHO in 2010, the prevalence of myopia was highest in East Asia, where China, Japan, the Republic of Korea, and Singapore recorded a prevalence of approximately 50%. Rise in both absolute numbers and as a percentage of the population are estimated to further drive the myopia management lenses market in the region.

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Key Players Operating in Scleral lens Market

The global myopia management lens market is highly fragmented, with the presence of various key players. A large number of manufacturers hold a major share in their respective regions. Major players operating in the global myopia management lens market are:

  • Bausch & Lomb Incorporated
  • Essilor Ltd.
  • Haag-Streit UK
  • Johnson & Johnson Vision
  • Topcon Corporation
  • Zeiss International
  • Ziemer Ophthalmic Systems AG
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