“Global Myopia Control Lens Market, By Product Type (PHEMA Soft Contact Lens, PMMA Hard Contact Lens), By End-User (Teenagers, Adults), as well as by Region – Global Forecast 2021 to 2029.”, which offers a comprehensive view of the Global Myopia Control Lens Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over $199,766.5 Mn, and is estimated to increase substantially over the latter part of the forecast period.
There are four accepted types of myopia control treatments – orthokeratology, atropine eye drops, multifocal contact lens, and in some cases bifocal or multifocal eyeglasses. These contact lens are made from plastic materials, usually hydrogel, silicone hydrogel, and hypergel, that are able to mix well with the fluid in an individual’s eye.
The increasing rate of myopia prevalence and incidence being registered across the world in a primary factor that is anticipated to continue to augment the revenue growth of the Global Myopia Control Lens Market in the foreseeable future. Myopia is a disorder that has been found to mostly affect children and adolescents, and although there have been numerous innovations in the field of ophthalmology which are expected to lower the dependency of individuals on the use of glasses, in recent times, a growing number of these individuals are becoming more exposed to various electronic devices such as tablets, laptops, mobile phones, etc., for long durations of time. This is also a major factor that is slated to further contribute to the market growth of this global industry in the years to come. Additionally, the steady increase in the geriatric population across the world is another major factor that is also expected to aid in boosting the overall projected revenue growth of the Global Myopia Control Lens Market, as these individuals are more susceptible to developing disorders such as this. These are some of the most crucial factors anticipated to play a critical role in catapulting projected revenues for the Global Myopia Control Lens Market to $273,626.6 Mn by 2029, at a CAGR of 8.4%.
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