What is Myopia Management System Market Scope?
Nearsightedness, also known as myopia, is a vision condition in which surrounding objects can be clearly seen but not those farther away. When the shape and form of a building refracts light rays improperly, this phenomenon arises. The images are centred in front of the retina rather than on it, as is typical. Myopia may be severe or mild, and it affects both children and adults. In certain cases, this disorder is inherited. Vision problems are one of the most common signs. Myopia managment system is a treatment regimen recommended by eye physicians to avoid or delay the progression of myopia. Many optometrists claim that widely prescribed single-vision glasses and contact lenses can actually hasten the development of myopia.
Influencing Trend:
New Technologies Are Coming, That Help In Early Detection of Myopia
Market Growth Drivers:
Rising Cases of Vision Impairment Due to Increasing Screen Time on Devices and Rising Geriatric Population
Challenges:
Lack of Awareness among People about Eye Care in Certain Countries
Restraints:
High Cost associated with Myopia Management System
Opportunities:
Rising Use of Eye Management System as it Reduces the Chances of Developing Eye Diseases Related to High Myopia in the Long Term
The Myopia Management System market study is being classified by Type (Spectacles, Contact Lenses, Orthokeratology and Eye-Drops), by Application and major geographies with country level break-up.
The market for Myopia Management System is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analysts at AMA predicts that Players from Europe will contribute to the maximum growth of Global Myopia Management System market throughout the predicted period.
Zeiss International (Germany), Essilor Ltd. (France), Bausch & Lomb (United States), Johnson & Johnson Vision (United States), Alcon Vision Llc (United States), Topcon Corporation (Japan), Ziemer Ophthalmic Systems AG (Switzerland), Cooper vision (United States), Carl Zeiss Meditec AG (Germany) and Haag-Streit (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Nidek Co., Ltd. (Japan) and Markennovy (United Kingdom).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Myopia Management System market by Type, Application and Region.
On the basis of geography, the market of Myopia Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In February 2021 Two of the world’s most prominent vision care leaders have announced a partnership to expand the fast-growing myopia management category and broaden access to emerging, evidence-based technologies and products. CooperCompanies and EssilorLuxottica entered into a joint venture agreement to accelerate commercialization of innovative spectacle lenses from SightGlass Vision, which are designed to reduce the progression of myopia in children.
In August 2020 - Japan-based ophthalmology medical devices and software solutions provider Topcon Healthcare has launched its new Aladdin-M system to the US market. This system enables the objective measurement of corneal curvature, pupil dynamics, and axial length metrics by combining corneal topography, pupillometry, and optical biometry. and In January 2020 - Haag-Streit UK has launched a new myopia management system, Lenstar Myopia, in the UK. The company suggests the system could support the early detection of myopia.
Key Target Audience
Manufacturers of Myopia Management System, Suppliers of Myopia Management System, Wholesalers, Distributors and Retailers of Myopia Management System, Healthcare Industries and Others
Myopia Management System Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Myopia Management System Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Myopia Management System industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.