Market Overview:
The global myopia management lenses market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of myopia, rising awareness about myopia management, and technological advancements in lens design and materials. The spectacle lenses segment is expected to dominate the global myopia management lenses market during the forecast period, owing to their low cost and high availability. However, contact lenses are expected to grow at a higher CAGR than spectacle lenses during the forecast period as they offer several advantages over spectacle lenses such as superior comfort and vision quality. Teenagers are expected to account for the largest share of the global myopia management lens market in 2018 followed by adults. This can be attributed primarily due to teenagers’ inclination towards using new technologies and their growing awareness about eye health issues.
Product Definition:
Myopia Management Lenses are designed to slow the progression of myopia in children. They work by gently reshaping the eye to help it focus better. Myopia Management Lenses are important because they can help prevent children from becoming permanently short-sighted.
Spectacle Lenses:
A spectacles lens is a type of optical lens that is used to correct refractive errors in vision. A normal eye has two types of lenses, namely the central orfice and peripheral cornea. The peripheral cornea receives light from the outer world while the central office focuses on it and then sends back images to your brain.
Contact Lenses:
Contact lenses and it's usage in myopia management market is expected to grow at a lucrative rate during the forecast period. The major factor that propels the growth of contact lenses and its usage in myopia management market includes increasing prevalence of eye diseases such as myopia or hypermetropia. According to WHO, approximately 1 billion people are affected by vision impairment worldwide which leads to 6% of disability every year.
Application Insights:
The adults segment held the largest share of the global myopia management lenses market in 2017. The increasing number of myopia cases among adults is a major factor driving the segment growth. According to WHO, in 2016, around 40% of people between 30 and 70 years have some degree of myopia. In addition, as per National Eye Institute (NEI), by 2020, about 47 million Americans aged 40 years and above are expected to have moderate or high myopia. Thus, growing demand for spectacles with anti-myopic power is expected to drive product demand among adult population globally over the forecast period.
The teenagers application segment is anticipated to witness significant growth during the forecast period due largely without doubt from China where prevalence rate for this group stands at 14%.
Regional Analysis:
Asia Pacific dominated the global market in 2017. This is attributed to growing awareness about myopia management, increasing disposable income of people and rapid urbanization & development. In addition, a high number of patients suffering from this condition is also driving the regional demand for treatment options such as glasses and contact lenses.
The Asia Pacific region includes emerging economies such as China, India, Indonesia among others which are expected to contribute significantly towards the growth over the forecast period due to their large population base with high unmet needs in terms of healthcare infrastructure coupled with rising patient awareness levels regarding available treatment methods for myopia management.
Europe accounted for more than 20% share in 2017 owing to strong commercial sales of specialty contact lenses especially in countries like Germany and U.K., where there is a higher prevalence rate of nearsightedness compared to other parts of Europe including France Italy etc.).
Growth Factors:
- Increasing awareness about myopia and its effects on overall health
- Growing prevalence of myopia, especially in developed countries
- Increased availability and affordability of myopia management lenses
- Rising demand for corrective eyewear among children and young adults
- Growing popularity of contact lenses as a means to correct myopia
Scope Of The Report
Report Attributes
Report Details
Report Title
Myopia Management Lenses Market Research Report
By Type
Spectacle Lenses, Contact Lenses
By Application
Teenagers, Adults
By Companies
EssilorLuxottica, Johnson & Johnson Vision Care, Hoya Vision, Novartis (CIBA Vision), CooperVision, Bausch+Lomb, ZEISS, Fielmann AG, Rodenstock, Seed, St.Shine Optical, Menicon, Indo Internacional, MingYue Optical, GBV, Hydron, OVCTEK, WeiXing Optical, Weicon, Brighten Optix
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global Myopia Management Lenses Market Report Segments:
The global Myopia Management Lenses market is segmented on the basis of:
Types
Spectacle Lenses, Contact Lenses
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Teenagers, Adults
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- EssilorLuxottica
- Johnson & Johnson Vision Care
- Hoya Vision
- Novartis (CIBA Vision)
- CooperVision
- Bausch+Lomb
- ZEISS
- Fielmann AG
- Rodenstock
- Seed
- St.Shine Optical
- Menicon
- Indo Internacional
- MingYue Optical
- GBV
- Hydron
- OVCTEK
- WeiXing Optical
- Weicon
- Brighten Optix
Highlights of The Myopia Management Lenses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spectacle Lenses
- Contact Lenses
- By Application:
- Teenagers
- Adults
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Myopia Management Lenses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Myopia management lenses are a type of eyeglasses that help people with myopia (nearsightedness) see better. Myopia management lenses can be used to correct nearsightedness, but they may also be used to reduce the severity of myopia. Myopia management lenses are designed to gradually change the shape of your eye so that you can see better without having to wear glasses or contact lenses all the time.
Some of the major companies in the myopia management lenses market are EssilorLuxottica, Johnson & Johnson Vision Care, Hoya Vision, Novartis (CIBA Vision), CooperVision, Bausch+Lomb, ZEISS, Fielmann AG, Rodenstock, Seed, St.Shine Optical, Menicon, Indo Internacional, MingYue Optical, GBV, Hydron, OVCTEK, WeiXing Optical, Weicon, Brighten Optix.
The myopia management lenses market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Myopia Management Lenses Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Myopia Management Lenses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Myopia Management Lenses Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Myopia Management Lenses Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Myopia Management Lenses Market Size & Forecast, 2018-2028
4.5.1 Myopia Management Lenses Market Size and Y-o-Y Growth
4.5.2 Myopia Management Lenses Market Absolute $ Opportunity
Chapter 5 Global Myopia Management Lenses Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Myopia Management Lenses Market Size Forecast by Type
5.2.1 Spectacle Lenses
5.2.2 Contact Lenses
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Myopia Management Lenses Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Myopia Management Lenses Market Size Forecast by Applications
6.2.1 Teenagers
6.2.2 Adults
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Myopia Management Lenses Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Myopia Management Lenses Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Myopia Management Lenses Analysis and Forecast
9.1 Introduction
9.2 North America Myopia Management Lenses Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Myopia Management Lenses Market Size Forecast by Type
9.6.1 Spectacle Lenses
9.6.2 Contact Lenses
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Myopia Management Lenses Market Size Forecast by Applications
9.10.1 Teenagers
9.10.2 Adults
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Myopia Management Lenses Analysis and Forecast
10.1 Introduction
10.2 Europe Myopia Management Lenses Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Myopia Management Lenses Market Size Forecast by Type
10.6.1 Spectacle Lenses
10.6.2 Contact Lenses
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Myopia Management Lenses Market Size Forecast by Applications
10.10.1 Teenagers
10.10.2 Adults
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Myopia Management Lenses Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Myopia Management Lenses Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Myopia Management Lenses Market Size Forecast by Type
11.6.1 Spectacle Lenses
11.6.2 Contact Lenses
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Myopia Management Lenses Market Size Forecast by Applications
11.10.1 Teenagers
11.10.2 Adults
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Myopia Management Lenses Analysis and Forecast
12.1 Introduction
12.2 Latin America Myopia Management Lenses Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Myopia Management Lenses Market Size Forecast by Type
12.6.1 Spectacle Lenses
12.6.2 Contact Lenses
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Myopia Management Lenses Market Size Forecast by Applications
12.10.1 Teenagers
12.10.2 Adults
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Myopia Management Lenses Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Myopia Management Lenses Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Myopia Management Lenses Market Size Forecast by Type
13.6.1 Spectacle Lenses
13.6.2 Contact Lenses
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Myopia Management Lenses Market Size Forecast by Applications
13.10.1 Teenagers
13.10.2 Adults
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Myopia Management Lenses Market: Competitive Dashboard
14.2 Global Myopia Management Lenses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 EssilorLuxottica
14.3.2 Johnson & Johnson Vision Care
14.3.3 Hoya Vision
14.3.4 Novartis (CIBA Vision)
14.3.5 CooperVision
14.3.6 Bausch+Lomb
14.3.7 ZEISS
14.3.8 Fielmann AG
14.3.9 Rodenstock
14.3.10 Seed
14.3.11 St.Shine Optical
14.3.12 Menicon
14.3.13 Indo Internacional
14.3.14 MingYue Optical
14.3.15 GBV
14.3.16 Hydron
14.3.17 OVCTEK
14.3.18 WeiXing Optical
14.3.19 Weicon
14.3.20 Brighten Optix
