– Global Industry Analysis, Size, Share, Growth, Trends and Forecast Global Teenager Myopia Control Market By Product Type (Spectacle, Contact Lens, Ortho- K, Atropine), By Distribution Channel (Hospitals, Optometry Clinics, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) Report ID: HC-18 Author: Growth Market Reports Rating: 4.2 Total Reviews: 69 No. Of Pages: 181 Format: Pub. Date: 2020-07-02 Share: Report Description Table Of Content Segments Methodology Market Outlook: The global teenager myopia control market was valued at USD 553.2 Million in 2019 and is projected to reach USD 1,576.9 Million by 2027, expanding at a CAGR of 15.1% during the forecast period. Myopia is a medical condi on, associated with the blurring of vision. Myopia is also known as nearsightedness. A person suffering from myopia has difficulty to see objects from afar. The person can clearly see objects that are placed close. If the cornea is too curved or eyeball is too long, chances of myopia increase. The light entering the eye is sca ered, which leads to the blurred vision. Incidences of myopia in teenagers has increased over Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
by factors such as rising prevalence of myopia, increasing number of diabe cs growing screen me, rising incidence of distance vision impairment. Conversely, lack of early diagnosis and shortage of ophthalmologists are key restraints of this market. Growing awareness regarding teenage myopia control in emerging coun es and increasing awareness for myopia by government are boos ng the market. Defini ons By Product Types Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
vision. Spectacles consists of lens and frames, which are designed according to the needs of the customers. They are used for correc ng refrac ve errors. The two types of refrac ve errors include myopia or nearsightedness and hyperopia or farsightedness. Spectacles are designed by adding or subtrac ng focusing power to the eye's cornea and lens. Convex or concave lens are used for the correc on of the vision. Convex lenses are thin in the center. The numerical prescrip on in diopters is marked with a minus (-) symbol. These lenses are used to correct nearsightedness (myopia). Concave lenses are thick in the center. Concave lenses are used to correct farsightedness (hyperopia). The numerical prescrip on in diopters is always marked with a plus (+) symbol. These lenses are used to correct farsightedness (hyperopia). Contact lenses: Contact lenses are thin, clear plas c disks, which are used to improve the vision. Contact lens are used for correc on of refrac ve errors. Refrac ve errors occur when the eyes do not refract (bend or focus) light into the eye resul ng in the forma on of blurred image. People suffering from myopia (nearsightedness), hyperopia (farsightedness), as gma sm (distorted vision), and presbyopia (changes to near vision that normally happen with age) use contact lens. The two types of contact lens include hard contact lens and so contact lens. Hard contact lens are composed of rigid gas permeable (RGP) lens. Plas cs and other materials are combined with RGP to form hard contact lens. People suffering from a condi on known as keratoconus use hard contact lens. So contact lens are used as a replacement for spectacles. The five types of so contact lens include, daily wear contacts, extended wear contacts, toric contacts, and colored contacts and decora ve contacts. Ortho-K: Ortho-K is also known as orthokeratology. Orthokeratology is fi ng custom designed, high oxygen-permeable contact lenses to reshape the cornea in a controlled manner to correct ametropia and myopia. Ortho-K lenses work by fla ening the center of the cornea, and it changes, the direc on in which the light is bent. It is recommended to wear Ortho-K lenses overnight, as it fa ens the cornea. The Ortho-K are gas permeable lenses, and are sturdy, which are used to reshape the cornea, and allow oxygen through to keep your eye stays healthy. A er the removal of Ortho-K lenses, the cornea stays fla ened for a while and vision is corrected without the need for glasses. The cornea retains its shape, if wearing of Ortho-K lenses are discon nued. It is recommended to keep wearing the lenses regularly to keep the vision corrected. Atropine: Atropine is used as an eye drop for the treatment of myopia. Atropine is an -muscarinic or an -cholinergic drugs. Atropine blocks the ac ons of a chemical called acetylcholine. Atropine has numerous uses in the treatment of myopia and is available in several dosage forms including oral tablets, solu on for injec ons, ophthalmic solu ons, an ophthalmic ointments. Atropine eye drops are used for the dila on of pupils, as the muscles of the eyes relax. The dila on of muscles helps light to refract, thereby improving the vision. Atropine is used before eye examina ons to dilate (open) the pupil. It is also used to relieve pain caused by swelling and inflamma on of the eye. The use of atropine is recommended by physicians to people suffering from eye diseases. Segmental Outlook Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
Control market is segmented into spectacles, contact lens, ortho-K, and atropine. The ortho-K segment is an cipated to expand at a CAGR of 15.6% during the forecast period. Several consumers are adop ng ortho-k for the correc on of myopia, as they are more convenient to use, thus boos ng segment growth. The contact lens segment is es mated to hold 47.1% share of the market in 2020 owing to its increasing demand in the teenage popula on. Based on distribu on channels, the market is segmented into hospitals, optometry clinics, and others. The optometry clinics segment is projected to hold a major share of the market during the forecast period owing to the increasing incorpora on of the teenager myopia control in a majority of optometry clinics globally. In terms of value, the hospitals segment is an cipated to expand at a significant CAGR during the forecast period. Several consumers purchase medicines from hospitals due to convenience, which in turn boosts the growth of the segment. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
into North America, Europe, Asia Pacific, La n America, and Middle East & Africa. Asia Pacific is a promising region for the market. The region cons tuted 47.0% share of the market in 2020. The market in the region is projected to expand at a CAGR of 15.6% during the forecast period due to increasing awareness of eye disorders, growing per capita spending, and market satura on in developed economies are encouraging the market players to expand their presence in emerging economies. The market in North America is projected to expand at a CAGR of 14.8% due growing prevalence of myopia in the region. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
& Johnson Vision, CooperVision, Bausch & Lomb, HOYA Corpora on. These companies are considered manufacturers of teenager myopia control based on their revenue, research development (R&D) ac vi es, regional presence, and supply chain management system. The players are adop ng key strategies such as acquisi on, and geographical expansion where poten al opportunity for the teenager myopia control extrac on is added in the company’s capacity. For instance, on August 3, 2017, CooperVision completed the acquisi on of Procornea. Procornea is a manufacturer and distributor of specialty contact lenses, in par cular Ortho-K from the Netherlands. This acquisi on increased CooperVision’s presence in the myopia management market. In August 2020, Johnson & Johnson Vision, as part of contact lens health week, announced new ACUVUE Services and Resources to enhance contact lens Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
training to pa ents and eye care professionals, encouraging healthy, hygienic, and comfortable use of contact lenses. Key Benefits for Industry Par cipants & Stakeholders In-depth Analysis of the Global Teenager Myopia Control Market Historical, Current and Projected Market Size in terms of Value Poten al & Niche Segments and Regions Exhibi ng Promising Growth Covered Industry Drivers, Restraints and Opportuni es Covered in the Study Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
of Key Players Neutral Perspec ve on Global Teenager Myopia Control Market Performance Buy Report Single User $4200 Multi User $5200 Corporate User $6600 Online License $2999 Excel Data Pack $2599 Add to Cart REQUEST FOR SAMPLE ENQUIRY BEFORE BUYING SPEAK WITH ANALYST REQUEST FOR CUSTOMIZATION Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
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[email protected] Additional company profiles can be provided on request. 1. Can I ask for different company profiles? 2. Do the report includes the prevalence data for myopia? 3. Does this report also cover product specific details? 4. How big will be the teenager myopia control Market in 2027? 5. What additional data analysis is available in report? 6. What are the factors driving the growth of Teenager Myopia Control Market? Company FAQ Section Some frequently asked quetions about this report! Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
growth? 8. What is the criteria used for selecting company profile? 9. What is the impact of COVID-19 on the overall market during year 2019 -2020? 10. Which is the base year calculated in the global Teenager Myopia Control market report and what is analysis period? 11. Who are the major players operating in the market? Global Viral Clearance Market Research Report, Forecast 2027 $4500 Global Drugs for Herpes Labialis (Oral Herpes) Market $4200 Dengue Treatment Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast $4700 MMR Vaccine Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast $4700 A Glob Related Reports Some other reports from this category! Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD
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