Market Overview:
The global presbyopia correction devices 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 presbyopia, rising geriatric population, and technological advancements in presbyopia correction devices. Based on type, the global presbyopia correction devices market is segmented into corneal inlays and scleral implants. The corneal inlay segment is expected to grow at a higher CAGR than the scleral implant segment during the forecast period from 2018 to 2030. This can be attributed to factors such as technological advancements in corneal inlay products and their increasing adoption by patients owing to better outcomes compared with other treatment options available for correcting presbyopia. Based on application, the global presbyobia correction devices market is divided into three segments: age 40-50, age 50-65, and age above 65 years. The age 50-65 segment is expected to account for a larger share of the global market than other segments during the forecast period from 2018to 2030 due its high prevalence ofpresbyobia among people aged 50-65 years old globally .
Product Definition:
Presbyopia correction devices are eyeglasses, contact lenses, or surgery that help correct presbyopia. Presbyopia is a condition that causes people to lose the ability to focus on objects close-up as they age. The most common type of presbyopia correction device is eyeglasses. Other types of presbyopia correction devices include contact lenses and surgery.
Corneal Inlays:
The corneal inlays are thin pieces of tissue that are placed in the eye to alter or restore its shape. They can be used for correcting presbyopia, which is a condition where the patient cannot see far distances as they get older. The main function of these tissues is to replace the ability of a person’s natural eye lens and help them focus on objects at a greater distance than before.
Scleral Implants:
Scleral implants are used in presbyopia correction. They are also known as intraocular lenses or IOLs. Scleral lens is a prosthetic device that is implanted into the eye to correct refractive errors such as myopia (near-sightedness), hypermetropia (far-sightedness), and astigmatism.
Application Insights:
The application segment of the global presbyopia correction devices market is categorized into age 40-50, age 50-65, and above 65 years. The growing geriatric population is expected to be one of the major drivers for this market. According to a study published by the U.S. Census Bureau in 2015, it was estimated that there are about 94 million people aged 65 or older in America alone who can benefit from reading glasses or contact lenses to see better.
The demand for these products among working professionals is also high as they get older and their eyesight degrades due to continuous exposure to computer screens at work places.
Regional Analysis:
North America dominated the global presbyopia correction devices market in 2017. This can be attributed to the high number of patients suffering from this condition, increasing awareness about it, and availability of advanced treatment options in this region. In addition, high disposable income and rising adoption of technologically advanced medical products are also expected to drive growth during the forecast period.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to a large population base suffering from myopia (nearsightedness) which is driving demand for refractive surgery for nearsightedness treatment in countries such as China and India. Moreover, growing medical tourism industry due to low cost treatments offered by various countries will further boost growth during the estimated time frame.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increased demand for presbyopia correction devices, as these devices help improve vision in elderly people.
- Rising prevalence of eye disorders: The prevalence of eye disorders is increasing due to various factors such as changing lifestyles, growing pollution levels, and increasing use of electronic gadgets. This is resulting in an increased demand for presbyopia correction devices, as these devices help improve vision in people with eye disorders.
- Technological advancements: Presbyopia correction device manufacturers are constantly innovating their products through technological advancements such as miniaturization and incorporation of new features into existing products lines. This is helping them gain market share and expand their customer base globally .
Scope Of The Report
Report Attributes
Report Details
Report Title
Presbyopia Correction Devices Market Research Report
By Type
Corneal Inlays, Scleral Implants
By Application
Age 40-50, Age 50-65, Age above 65
By Companies
AcuFocus, Revision Optics (Closed in Feb 2018), Refocus, Presbia
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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Presbyopia Correction Devices Market Report Segments:
The global Presbyopia Correction Devices market is segmented on the basis of:
Types
Corneal Inlays, Scleral Implants
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
Age 40-50, Age 50-65, Age above 65
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:
- AcuFocus
- Revision Optics (Closed in Feb 2018)
- Refocus
- Presbia
Highlights of The Presbyopia Correction Devices 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:
- Corneal Inlays
- Scleral Implants
- By Application:
- Age 40-50
- Age 50-65
- Age above 65
- 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 Presbyopia Correction Devices 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
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- Consumer Insights
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- Product & Brand Management
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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?
Presbyopia Correction Devices are devices that help people with presbyopia see better. They can be prescription eyeglasses, contact lenses, or a combination of both.
Some of the major companies in the presbyopia correction devices market are AcuFocus, Revision Optics (Closed in Feb 2018), Refocus, Presbia.
The presbyopia correction devices market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Presbyopia Correction Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Presbyopia Correction Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Presbyopia Correction Devices Market - Supply Chain
4.5. Global Presbyopia Correction Devices Market Forecast
4.5.1. Presbyopia Correction Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Presbyopia Correction Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Presbyopia Correction Devices Market Absolute $ Opportunity
5. Global Presbyopia Correction Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Presbyopia Correction Devices Market Size and Volume Forecast by Type
5.3.1. Corneal Inlays
5.3.2. Scleral Implants
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Presbyopia Correction Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Presbyopia Correction Devices Market Size and Volume Forecast by Application
6.3.1. Age 40-50
6.3.2. Age 50-65
6.3.3. Age above 65
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Presbyopia Correction Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Presbyopia Correction Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Presbyopia Correction Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Presbyopia Correction Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Presbyopia Correction Devices Demand Share Forecast, 2019-2026
9. North America Presbyopia Correction Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Presbyopia Correction Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Presbyopia Correction Devices Market Size and Volume Forecast by Application
9.4.1. Age 40-50
9.4.2. Age 50-65
9.4.3. Age above 65
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Presbyopia Correction Devices Market Size and Volume Forecast by Type
9.7.1. Corneal Inlays
9.7.2. Scleral Implants
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Presbyopia Correction Devices Demand Share Forecast, 2019-2026
10. Latin America Presbyopia Correction Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Presbyopia Correction Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Presbyopia Correction Devices Market Size and Volume Forecast by Application
10.4.1. Age 40-50
10.4.2. Age 50-65
10.4.3. Age above 65
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Presbyopia Correction Devices Market Size and Volume Forecast by Type
10.7.1. Corneal Inlays
10.7.2. Scleral Implants
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Presbyopia Correction Devices Demand Share Forecast, 2019-2026
11. Europe Presbyopia Correction Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Presbyopia Correction Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Presbyopia Correction Devices Market Size and Volume Forecast by Application
11.4.1. Age 40-50
11.4.2. Age 50-65
11.4.3. Age above 65
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Presbyopia Correction Devices Market Size and Volume Forecast by Type
11.7.1. Corneal Inlays
11.7.2. Scleral Implants
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Presbyopia Correction Devices Demand Share, 2019-2026
12. Asia Pacific Presbyopia Correction Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Presbyopia Correction Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Presbyopia Correction Devices Market Size and Volume Forecast by Application
12.4.1. Age 40-50
12.4.2. Age 50-65
12.4.3. Age above 65
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Presbyopia Correction Devices Market Size and Volume Forecast by Type
12.7.1. Corneal Inlays
12.7.2. Scleral Implants
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Presbyopia Correction Devices Demand Share, 2019-2026
13. Middle East & Africa Presbyopia Correction Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Presbyopia Correction Devices Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Presbyopia Correction Devices Market Size and Volume Forecast by Application
13.4.1. Age 40-50
13.4.2. Age 50-65
13.4.3. Age above 65
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Presbyopia Correction Devices Market Size and Volume Forecast by Type
13.7.1. Corneal Inlays
13.7.2. Scleral Implants
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Presbyopia Correction Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Presbyopia Correction Devices Market: Market Share Analysis
14.2. Presbyopia Correction Devices Distributors and Customers
14.3. Presbyopia Correction Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. AcuFocus
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Revision Optics (Closed in Feb 2018)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Refocus
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Presbia
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
