Myopia And Presbyopia Treatment Market
By Disease Type;
Myopia and PresbyopiaBy Treatment Type;
Prescription Lenses, Contact Lenses, Surgery and MedicationBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Myopia & Presbyopia Treatment Market Overview
Myopia & Presbyopia Treatment Market (USD Million)
Myopia & Presbyopia Treatment Market was valued at USD 24,180.82 million in the year 2024. The size of this market is expected to increase to USD 39,649.31 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.3%.
Myopia And Presbyopia Treatment Market
*Market size in USD million
CAGR 7.3 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 7.3 % |
Market Size (2024) | USD 24,180.82 Million |
Market Size (2031) | USD 39,649.31 Million |
Market Concentration | Medium |
Report Pages | 346 |
Major Players
- AbbVie Inc.
- Alcon Inc.
- Arctic Vision
- Bausch Health Companies Inc.
- BVI Holdings Ltd.
- Carl Zeiss AG
- ENTOD INTERNATIONAL
- EssilorLuxottica
- F. Hoffmann La Roche Ltd.
- Johnson and Johnson
- Metall Zug AG
- NIDEK Co. Ltd.
- Ophtec BV
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Myopia And Presbyopia Treatment Market
Fragmented - Highly competitive market without dominant players
The Myopia & Presbyopia Treatment Market is expanding strongly as demand increases for treatments addressing both distance and near vision impairments, with treatment utilization rising by over 40%. Innovations span from corrective lenses and pharmacologic therapies to presbyopia-correcting surgical options. Companies are deploying focused growth strategies to expand access and provider education. Enhanced collaboration between ophthalmologists and treatment developers is fueling broader clinical adoption and lasting market expansion.
Collaborative Development of Multifaceted Treatment Protocols
Strategic collaborations have increased by over 38% as eye care providers and pharmaceutical developers co-create integrated correction protocols combining medication, lenses, and surgical options. These joint efforts inform evidence-based regimen sequences and patient-specific solutions. Mergers between vision care firms and clinical research groups reinforce product validation. This ecosystem of cooperation supports sustained growth in holistic vision correction offerings.
Expanding Adoption Across Eye Care and Wellness Channels
Adoption of treatments has surged by over 42% within clinics, optical chains, and specialized vision centers. Patients benefit from tailored regimens for both myopia control and presbyopia correction. Companies are rolling out refined growth strategies including bundled care options, clinician training programs, and patient education tools. Stronger partnerships with healthcare networks and wellness platforms are increasing program reach and market expansion.
Future Outlook Focused on Smart Therapies and Personalized Vision Care
More than 44% of providers are investing in adjustable-focus lens implants, adaptive optics, and AI-assisted prescription tools—shaping the market’s future outlook. Ongoing innovation in smart contact lenses and customization via biometric data is improving treatment adaptability. Providers are pursuing targeted expansion strategies through integrated tele-optometry and outcome-driven panels. These shifts position vision correction treatments as central to personalized eye care for both myopia and presbyopia.
Myopia & Presbyopia Treatment Market Recent Developments
- Advancements in Laser Technology: There have been notable advancements in laser technologies used in refractive surgeries such as LASIK and SMILE. These technologies continue to improve precision, safety, and outcomes for patients undergoing corrective procedures for myopia and presbyopia.
- Emergence of Extended Depth of Focus (EDOF) Lenses: EDOF lenses have gained attention as an alternative to traditional multifocal lenses for presbyopia. These lenses provide a continuous range of vision from near to intermediate distances, reducing dependence on reading glasses and improving overall visual quality.
Myopia & Presbyopia Treatment Market, Segment Analysis
In this report, the Myopia & Presbyopia Treatment Market has been segmented by Myopia Treatment Type, Presbyopia Treatment Type and Geography.
Myopia & Presbyopia Treatment Market, Segmentation by Myopia Treatment Type
The Myopia & Presbyopia Treatment Market has been segmented by Myopia Treatment Type into Corrective(Prescription Lenses(Single, Bifocal, Trifocal and Others) and Contact Lenses), Surgical and Drugs.
Corrective — Prescription Lenses (Single, Bifocal, Trifocal, Others)
Prescription lenses lead myopia care with about 45–50% share. Within Rx lenses, single-vision makes up 65–70%, bifocal 15–18%, trifocal 5–7%, and others (progressives/advanced designs) 7–10%. Broad retail access and affordability sustain dominance.
Corrective — Contact Lenses
Contact lenses represent roughly 18–20% of usage. Growth is fueled by daily disposables, silicone hydrogel materials, and rising adoption among teens and young adults. Niche options like ortho-k and hybrid lenses contribute a low-single-digit % share within this segment.
Surgical
Surgical interventions (e.g., LASIK, SMILE, PRK, phakic IOLs) account for about 8–10%. Desire for spectacle independence and improved visual outcomes support adoption, while eligibility limits and upfront cost cap penetration.
Drugs
Drug therapies hold approximately 5–7%, led by low-dose atropine for pediatric myopia control. Expanding clinical evidence and increasing physician adoption are gradually lifting this category’s share.
Myopia & Presbyopia Treatment Market, Segmentation by Presbyopia Treatment Type
Prescription Lenses — Reading Glasses, Bifocals, Trifocals, Progressive Multifocals and Office Progressives
Prescription lenses dominate with nearly 55–60% market share. Reading glasses lead (~40%), while bifocals and trifocals together contribute 20–25%. Demand for progressive multifocals and office progressives is rising, accounting for 15–18% due to their versatility.
Contact Lenses — Bifocal, Multifocal, Monovision and Modified Monovision
Contact lenses hold about 20–22% share. Multifocal and bifocal lenses comprise nearly 60% of this group, while monovision and modified monovision account for ~40%. Advances in lens design and higher acceptance among active adults support growth.
Intraocular Lenses (IOLs)
Intraocular lenses represent 10–12% of the market, widely used in cataract and presbyopia surgeries. Premium IOLs, including multifocal and toric types, hold 6–7% share. Growing adoption reflects demand for durable vision correction solutions.
Refractive Surgery
Refractive surgery contributes 8–10%, driven by procedures like LASIK, PRK, and SMILE. Preference for spectacle independence among younger patients fuels this segment. Despite cost and risks, enhanced success rates are expanding acceptance.
Myopia & Presbyopia Treatment Market, Segmentation by Geography
In this report, the Myopia & Presbyopia Treatment Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Myopia & Presbyopia Treatment Market Share (%), by Geographical Region.
North America
The North American market leads with nearly 38–40% share, supported by a growing aging population, higher prevalence of presbyopia, and adoption of advanced laser eye treatments within a strong healthcare infrastructure.
Europe
Europe contributes about 27–29% of the market. Rising myopia cases among youth and steady adoption of refractive surgeries and corrective lenses continue to sustain its market growth.
Asia Pacific
The Asia Pacific region holds nearly 22–24%. Increasing childhood myopia incidence, higher healthcare investments, and improved access to advanced vision treatments are fueling its rapid expansion.
Middle East & Africa
With around 5–6% share, the Middle East & Africa market is gradually growing. While access to advanced care is limited, demand for corrective eyewear and rising awareness programs support steady progress.
Latin America
Latin America captures about 6–7%. Growth is driven by a larger patient base, rising adoption of refractive procedures, and broader availability of affordable eye care solutions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Myopia & Presbyopia Treatment Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Technological advancements in eyewear
- Increasing prevalence worldwide
- Growing elderly population
- Rising awareness campaigns
-
Innovation in surgical techniques - Innovation in surgical techniques represents a pivotal driver in the global myopia and presbyopia treatment market. Traditional surgical approaches like LASIK (Laser-Assisted In Situ Keratomileusis) have evolved significantly, with advancements focusing on enhancing precision, safety, and outcomes for patients.
Recent innovations include the introduction of femtosecond laser technology, which allows for more precise corneal flap creation during LASIK procedures. This reduces the risk of complications and enhances post-operative visual outcomes. Additionally, developments in intraocular lenses (IOLs) have expanded treatment options for presbyopia, offering multifocal and accommodating lenses that mimic the natural focusing ability of the eye.
Moreover, minimally invasive surgical techniques such as small incision lenticule extraction (SMILE) have gained popularity. SMILE offers advantages over traditional LASIK by preserving corneal biomechanical stability and reducing dry eye symptoms post-surgery. These advancements not only improve patient comfort but also widen the demographic of candidates eligible for refractive surgery.
Furthermore, ongoing research in regenerative medicine holds promise for future surgical innovations. Techniques such as corneal collagen cross-linking (CXL) aim to stabilize the cornea in patients with progressive myopia, potentially preventing the need for more invasive procedures later in life.
Restraints:
- Affordability concerns persist
- Limited access in rural areas
- Regulatory challenges globally
- Safety concerns in surgeries
-
Economic downturn effects - Economic downturn effects pose significant restraints on the global myopia and presbyopia treatment market. During periods of economic instability, consumer spending on elective healthcare services, including refractive surgery and advanced vision correction treatments, often declines. This reduced spending can be attributed to individuals prioritizing essential expenses over discretionary healthcare expenditures.
Moreover, economic downturns impact healthcare budgets and reimbursement policies, potentially limiting access to subsidized treatments and surgical procedures for myopia and presbyopia. Healthcare providers may face financial pressures, leading to cost-cutting measures that affect service quality and availability.
Furthermore, fluctuations in currency exchange rates and inflation rates can increase the overall cost of imported medical devices and equipment used in vision correction procedures. This can result in higher treatment costs for patients, further deterring them from seeking timely interventions.
Opportunities:
- Emerging markets expansion
- Customized treatment options
- Telemedicine advancements
- Strategic partnerships formation
-
Research on gene therapy - Research on gene therapy represents a transformative opportunity in the global myopia and presbyopia treatment market. Gene therapy aims to address underlying genetic factors contributing to refractive errors, offering potential long-term solutions that go beyond conventional corrective measures.
Recent advancements in molecular genetics have identified specific genes associated with myopia progression and presbyopia development. Targeted gene therapies aim to modify or correct these genetic abnormalities, potentially slowing or halting the progression of refractive errors in affected individuals.
Moreover, gene editing technologies such as CRISPR-Cas9 have revolutionized the precision and feasibility of genetic interventions, opening new avenues for therapeutic developments in ophthalmology. These technologies enable researchers to precisely edit and modify genetic sequences implicated in myopia and presbyopia, paving the way for personalized treatment approaches tailored to individual genetic profiles.
Myopia And Presbyopia Treatment Market Competitive Landscape Analysis
Myopia And Presbyopia Treatment Market is shaped by increasing competition, where major players implement diverse strategies to secure stronger market share. With more than 45% attributed to leading participants, the sector reflects both concentration and constant innovation. Strategic collaboration, clinical advancements, and rising patient demand continue to drive sustainable growth across therapeutic categories.
Market Structure and Concentration
The industry displays a moderately consolidated structure, with the top companies contributing over 40% of market presence. This concentration enhances competitive intensity, pushing firms to invest in technological advancements. Mergers and partnerships among ophthalmology leaders have strengthened positions, while smaller players compete through niche innovation and specialized strategies.
Brand and Channel Strategies
Strong brand identity and diversified distribution channels account for more than 50% of competitive leverage in this market. Companies are integrating omnichannel strategies to reach patients through clinics, hospitals, and e-commerce platforms. Effective partnerships with healthcare providers and targeted promotional campaigns sustain growth and increase product accessibility in both mature and emerging regions.
Innovation Drivers and Technological Advancements
Advancements in surgical devices and corrective lenses represent nearly 55% of the sector’s competitive differentiation. Leaders prioritize technological advancements through continuous R&D investments. Collaborative innovation with research institutes, along with patent-driven strategies, strengthen portfolios. The focus on precision treatments and minimally invasive procedures reflects a commitment to market expansion.
Regional Momentum and Expansion
North America and Asia-Pacific collectively account for around 60% of the competitive momentum. Regional expansion is supported by regulatory approvals, growing healthcare expenditure, and patient adoption. Companies enhance their presence through collaboration with local providers, ensuring accelerated growth. Emerging markets, in particular, are witnessing faster adoption due to rising demand and targeted strategies.
Future Outlook
The future landscape anticipates over 65% of firms focusing on advanced innovation and digital integration in treatments. Strategic partnerships, mergers, and product launches will define the pace of market growth. With a strong emphasis on technological advancements, patient-centric approaches, and geographic expansion, the market is positioned for sustained competitiveness and evolving treatment solutions.
Key players in Myopia & Presbyopia Treatment Market include::
- Johnson & Johnson Vision
- Alcon
- Bausch + Lomb
- EssilorLuxottica
- LENZ Therapeutics
- Orasis Pharmaceuticals
- Visus Therapeutics
- Viatris
- Ocuphire Pharma
- CooperVision
- Sydnexis
- ZEISS (Carl Zeiss Vision)**
- Santen Pharmaceutical
- Menicon
- Glaukos Corporation
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Market Share Analysis
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Disease Type
- Market Snapshot, By Treatment
- Market Snapshot, By Region
- Myopia And Presbyopia Treatment Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Technological advancements in eyewear
- Increasing prevalence worldwide
- Growing elderly population
- Rising awareness campaigns
- Innovation in surgical techniques
- Restraints
- Affordability concerns persist
- Limited access in rural areas
- Regulatory challenges globally
- Safety concerns in surgeries
- Economic downturn effects
- Opportunities
- Emerging markets expansion
- Customized treatment options
- Telemedicine advancements
- Strategic partnerships formation
- Research on gene therapy
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Myopia And Presbyopia Treatment Market, By Disease Type, 2021 - 2031 (USD Million)
- Myopia
- Presbyopia
- Myopia And Presbyopia Treatment Market, By Treatment, 2021 - 2031 (USD Million)
- Prescription Lenses
- Contact Lenses
- Surgery
- Medication
- Myopia And Presbyopia Treatment Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Myopia And Presbyopia Treatment Market, By Disease Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Johnson & Johnson Vision
- Alcon
- Bausch + Lomb
- EssilorLuxottica
- LENZ Therapeutics
- Orasis Pharmaceuticals
- Visus Therapeutics
- Viatris
- Ocuphire Pharma
- CooperVision
- Sydnexis
- ZEISS (Carl Zeiss Vision)**
- Santen Pharmaceutical
- Menicon
- Glaukos Corporation
- Company Profiles
- Analyst Views
- Future Outlook of the Market