About Hypermetropia Treatment
Hypermetropia (hyperopia or farsightedness or long-sightedness) is a form of refractive error, whereby parallel rays of sunshine coming from the time are targeted behind the light-sensitive layer of the membrane once the attention is a must. hyperopia is a common general vision condition in adults. folks with hypermetropia should squint to see solely near objects. Reading, writing, laptop work, or drawing for a longer duration of your time could cause headache & eye strain. The hypermetropia treatment market may be segmented based on type, end-user, and region. supported type, the market may be classified as prescription lenses and surgery. The prescription lenses can be further sub-segmented into corrective lenses & eyeglasses. The surgery segment can be additional split into laser procedures, IOL implantation & nonlaser procedures. The laser procedures sub-segment can be classified into Photorefractive keratectomy (PRK), Laser-assisted in situ keratomileuses (LASIK), laser epithelial keratomileusis (LASEK), Epi-LASIK & optical device thermal keratoplasty (LTK). in addition, the IOL implantation sub-segment may be divided into Ahakia correction, Refractive lens exchange (RLE) & Phakic IOL. whereas the non-laser procedures sub-segment may be further segregated into conductive keratoplasty (CK), automatic lamellar keratoplasty (ALK) & Keratophakia, and Epi-keratophakia. based on end-user, the market can be split into hospitals, specialty centers, diagnostic centers, clinics & others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Hypermetropia Treatment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Allergan plc (United States), Abbott Laboratories Inc. (United States), ALCON VISION LLC (Switzerland), Bausch & Lomb Incorporated (United States), Carl Zeiss Inc. (Germany), Essilor Ltd. (France), Haag-Streit (United Kingdom), Johnson & Johnson Vision (United States), Lasersight Technologies Inc. (United States), ORASIS Pharmaceuticals Ltd. (Israel), Topcon Corporation (Japan) and Visioneering Technologies, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Ziemer Ophthalmic Systems AG (Switzerland) and Zeiss International (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Hypermetropia Treatment market by Type (Prescription and Surgery) and Region.
On the basis of geography, the market of Hypermetropia Treatment 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). If we see Market by End-User, the sub-segment i.e. Hospitals will boost the Hypermetropia Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Laser Procedure Types, the sub-segment i.e. Photorefractive Keratectomy (PRK) will boost the Hypermetropia Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Spending on Healthcare Costs and Increasing Recommendation from The Doctors for The Treatment
Market Growth Drivers:
Increasing Incidences of Vision Loss, High Prevalence of Hypermetropia and The Rise in Geriatric Population
Challenges:
Lack of Skilled Professional and Presence of Alternatives
Restraints:
High Cost of The Treatment
Opportunities:
Increasing Research in The Healthcare Field
Market Leaders and their expansionary development strategies
In October 2021, Allergan, a subsidiary of AbbVie, received approval from the Food and Drug Administration for Vuity (pilocarpine hydrochloric acid ophthalmic solution) 1.25% for the treatment of presbyopia, also known as age-related blurry near vision, in adults.
In May 2021, Johnson & Johnson Vision received the US FDA's approval for the ACUVUE Abiliti Overnight Therapeutic Lenses designed to reshape the cornea curve and help treat myopia progression in children.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Hypermetropia Treatment, Venture Capitalists and Private Equity Firms and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.