Myopia Control Lenses Market size was US$ 426.68 million and it is expected to reach US$ 2386.62 million by the end of 2026, with a CAGR of 27.81% between 2020 and 2026.
The market for myopia control experienced impressive growth over the course of the historical period, primarily as a result of the alarming global increase in the prevalence of myopia and high myopia as well as the significant rise in the risks of pathologic conditions associated with high myopia that can cause vision impairment, such as retinal damage, cataracts, and glaucoma. All of these elements are boosting the market for lenses for myopia correction from 2015 to 2019. However, it has been predicted that the increased prevalence of coronavirus outbreak, with an increasing number of cases associated to COVID-19 and governments imposing a nationwide lockdown to stop the virus transmission, could impede the market’s growth.
The largest market share is expected to be held by Sphere Lenses in the Contact Lens segment, followed by Multifocal and Progressive Addition Lenses (PAL), as a result of numerous top companies diversifying their product lines and offering a variety of lenses, which has been predicted to support consumer awareness growth and company geographic expansion.
Single Vision, followed by Progressive and Concave Lenses, attained a sizable market share in the Spectacle Lens category. This is primarily due to the rising prevalence of myopia in young people, who are also more susceptible to it. This trend, along with the growing populations of people between the ages of 5 and 9 and 10 to 14, as well as the growing amount of time that young people spend using smartphones and laptops, will support the lenses for myopia control market in the years to come.
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Major Players in Myopia Control Lenses market are:
ZEISS
Brighten Optix
Paragon
Alpha Corporation
Contex
EUCLID
Procornea
WeiXing Optical
Ovctek
HOYA Corporation
Lucid Korea
Jiangsu Green Stone Optical (SETO)
EssilorLuxottica
Conant
Most important types of Myopia Control Lenses products covered in this report are:
Myopia Control Spectacle Lenses
Myopia Control Contact Lenses
Most widely used downstream fields of Myopia Control Lenses market covered in this report are:
Children (6-12 years old)
Teenagers (12-18 years old)
Top countries data covered in this report:
United States
Canada
Germany
UK
France
Italy
Spain
Russia
China
Japan
South Korea
Australia
Thailand
Brazil
Argentina
Chile
South Africa
Egypt
UAE
Saudi Arabia
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Key Points:
Define, describe and forecast Myopia Control Lenses product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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