One Stop Shop For Reports One Stop Shop For Reports
  • All Reports
  • All Sectors
    • Chemicals & Materials
      • Advanced Materials
      • Bulk Chemicals
      • Coatings | Paints and Additives
      • Composites
      • Renewable | Speciality chemicals
    • Consumer Goods
      • Baby Products
      • Consumer Electronics
      • Consumer Packaging
      • Cosmetics & Personal Care
      • Homecare & Decor
      • Luxury & premium products
    • Energy and Power
      • Energy Efficiency and Conservation
      • Green | Renewable Energy
      • Non Renewable | Conventional Energy
      • Power Equipment and Devices
    • Life Science
      • Biotechnology
      • Diagnostics
      • Healthcare
      • Healthcare IT
      • Medical Devices & Supplies
      • Pharmaceuticals
    • Food and Beverage
      • Agriculture & Agri Products
      • Beverages
      • Food Ingredients
      • Food Services and Hospitality
      • Nutraceutical | Wellness Food
      • Processed & Frozen Foods
    • Automotive and Transportation
      • Automotive components
      • Automotive Logistics
      • Automotive systems and accessories
    • Information and Communications Technology
      • E Commerce and Outsourcing
      • Entertainment & Media
      • High Tech | Enterprise & Consumer IT
      • Information & Network Security
      • Mobility | Telecom & Wireless
      • Software and Services
    • Semiconductor and Electronics
      • Semiconductor Materials and Components
      • Display Technology
      • Electronics System and Components
      • Emerging technologies
      • Security and Surveillance
      • Sensors and Controls
    • Building and Construction
      • Construction Materials
      • HVAC
      • Residential Construction and Improvement
      • Roads & Highways
    • Manufacturing
      • Manufacturing Services
      • Heavy Manufacturing
      • Packaging
      • Engineering | Equipment and Machinery
  • Who Trust Us
  • [email protected]
  • +1 718 874 1545 (International)
  • +91 78878 22626 (Asia)

More Results

One Stop Shop For Reports One Stop Shop For Reports
  • All Reports
  • All Sectors
    • Chemicals & Materials
      • Advanced Materials
      • Bulk Chemicals
      • Coatings | Paints and Additives
      • Composites
      • Renewable | Speciality chemicals
    • Consumer Goods
      • Baby Products
      • Consumer Electronics
      • Consumer Packaging
      • Cosmetics & Personal Care
      • Homecare & Decor
      • Luxury & premium products
    • Energy and Power
      • Energy Efficiency and Conservation
      • Green | Renewable Energy
      • Non Renewable | Conventional Energy
      • Power Equipment and Devices
    • Life Science
      • Biotechnology
      • Diagnostics
      • Healthcare
      • Healthcare IT
      • Medical Devices & Supplies
      • Pharmaceuticals
    • Food and Beverage
      • Agriculture & Agri Products
      • Beverages
      • Food Ingredients
      • Food Services and Hospitality
      • Nutraceutical | Wellness Food
      • Processed & Frozen Foods
    • Automotive and Transportation
      • Automotive components
      • Automotive Logistics
      • Automotive systems and accessories
    • Information and Communications Technology
      • E Commerce and Outsourcing
      • Entertainment & Media
      • High Tech | Enterprise & Consumer IT
      • Information & Network Security
      • Mobility | Telecom & Wireless
      • Software and Services
    • Semiconductor and Electronics
      • Semiconductor Materials and Components
      • Display Technology
      • Electronics System and Components
      • Emerging technologies
      • Security and Surveillance
      • Sensors and Controls
    • Building and Construction
      • Construction Materials
      • HVAC
      • Residential Construction and Improvement
      • Roads & Highways
    • Manufacturing
      • Manufacturing Services
      • Heavy Manufacturing
      • Packaging
      • Engineering | Equipment and Machinery
  • Who Trust Us
Home ➤ Life Science ➤ Healthcare ➤ Myopia Control Lens (Plastic Lens) Market
Myopia Control Lens (Plastic Lens) Market
Myopia Control Lens (Plastic Lens) Market
Published date: March 2024 • Formats:
Request Sample Schedule a Call
  • Home ➤ Life Science ➤ Healthcare ➤ Myopia Control Lens (Plastic Lens) Market

Global Myopia Control Lens (Plastic Lens) Market by Lens Type (Orthokeratology (Ortho-k) Lenses, Multifocal Contact Lenses, Myopia Control Lenses, Others) By Age Group ( Teenagers, Adults) By Distribution Channel (Optometry Clinics, Optical Retail Stores, Online Retail) By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

  • Published date: March 2024
  • Report ID: 68346
  • Number of Pages: 222
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
  • Request a Free Sample
  • Quick Navigation

    • Market Overview
    • Key Takeaways
    • Lens Type Analysis
    • Age Group Analysis
    • Distribution Channel Analysis
    • Key Market Segments
    • Driver
    • Restraint
    • Opportunity
    • Trend
    • Regional Analysis
    • Market Player Analysis
    • Market Key Players
    • Recent Developments
    • Report Scope

    Market Overview

    The Global Myopia Control Lens (Plastic Lens) Market size is expected to be worth around USD 4.8 Billion by 2033 from USD 1.5 Billion in 2023, growing at a CAGR of 12.6% during the forecast period from 2024 to 2033.

    Myopia commonly referred to as nearsightedness affects an ever-increasing portion of the global population, and as its prevalence continues to grow, demand for effective myopia control solutions such as plastic lenses has experienced exponential expansion. This report provides a detailed examination of this market using numerical data sourced from leading healthcare organizations, industry reports and government-authorized sources.

    Myopia control plastic lens markets are highly competitive, with several prominent players jostling for market share. Major players invest heavily in research and development activities to develop cutting-edge plastic lens technologies; additionally, strategic collaborations, mergers, and acquisitions are used by companies to strengthen their presence on the market and broaden their product lines.

    Myopia Control Lens(Plastic Lens) Market Size

    The increasing prevalence of myopia affecting a high percentage of the population is the primary factor anticipated to drive the growth of the global myopia control lens (plastic lens) market. According to Brien Holden Vision Institute: about 30% of the world population is affected by myopia, which is expected to rise to 50% by 2050, accounting for about 5 billion people.

    Several research studies have indicated that children wearing multifocal lenses had 25% less myopia progression and 31$ less axial elongation than those wearing single-vision glasses over two years. The recent introduction of multifocal contact lenses for children with myopia that can slow the progression of nearsightedness, providing a more effective and efficient treatment option can offer lucrative opportunities to the players in the target market, thereby augmenting the market growth further.

    Technological advancements in the field of ophthalmology, such as the advent of refractive surgery. This eliminates the dependency on glasses or contact lenses by improving the refractive state of the eye, which is a significant challenge for the growth of the global myopia control lens market. Additionally, this surgery is highly affordable and safe and covered by medical insurance across various economies, which may subdue the growth of the target market.

    Key Takeaways

    • Market Size: Myopia Control Lens (Plastic Lens) Market size is expected to be worth around USD 4.8 Billion by 2033 from USD 1.5 Billion in 2023.
    • Market Growth: The market growing at a CAGR of 12.6% during the forecast period from 2024 to 2033.
    • Lens Type Analysis: Multifocal Contact Lenses stand out, holding an impressive 43% market share.
    • Age Group Analysis: Myopia Control Lens market research provides interesting insight, with teenagers representing 54% market share.
    • Distribution Channel Analysis: Optometry Clinics emerge as the predominant channel, commanding a substantial 47% market share.
    • Regional Analysis: North America has established itself as a market leader in Myopia Control Lens (Plastic Lens) Sales with an impressive 33.5% share.

    Lens Type Analysis

    Myopia Control Lens market dynamics reveal Plastic Lenses as key players, offering promising avenues for vision correction. Of all of their offerings, Multifocal Contact Lenses stand out, holding an impressive 43% market share attributed to their versatility in accommodating various degrees of myopia while providing comfort and convenience to users.

    Orthokeratology (Ortho-k) lenses represent another significant segment within the market. This innovative technology reshapes cornea overnight to temporarily alleviate myopia during waking hours – drawing praise both from practitioners and patients alike for its noninvasive nature and long-term benefits. Ortho-k lenses continue to gain interest among both groups.

    Myopia Control Lenses reflect an increasing need to take proactive measures against myopia progression. Utilizing cutting-edge optical designs and materials, these lenses utilize sophisticated management strategies for myopia while supporting eye health.

    As Myopia Control Lenses continue to advance thanks to innovations in material science and optical technology, their stakeholders can anticipate an escalating market that offers increased accessibility, efficacy and acceptance of these innovative solutions.

    Age Group Analysis

    Myopia Control Lens market research provides interesting insight, with teenagers representing 54% market share, reflecting both myopia’s prevalence among adolescents as well as an understanding of its significance for early intervention to manage vision-related issues.

    Teenagers currently dominate the market, yet adults represent an opportunity for significant expansion and innovation in Myopia Control Lenses. As adults increasingly seek solutions to address myopia and its associated complications, there has been an surge in demand for Myopia Control Lenses that meet specific individual requirements and preferences.

    Due to this increased demand, manufacturers and practitioners are exploring innovative approaches and technologies for designing Myopia Control Lenses that meet adult users’ individual requirements for comfort, visual acuity, lifestyle compatibility and other factors. They prioritize comfort as a key aspect for success, meeting all demographic requirements of an adult population.

    As Myopia Control Lenses continue to expand and mature due to advances in research and technology, stakeholders can anticipate an era characterized by greater accessibility, efficacy, and adoption across age groups.

    Distribution Channel Analysis

    Within the Myopia Control Lens market, distribution channels play a pivotal role in ensuring widespread accessibility and availability of these essential vision correction solutions. Optometry Clinics emerge as the predominant channel, commanding a substantial 47% market share. This dominance can be attributed to the expertise and personalized care offered by optometrists, who play a crucial role in assessing, prescribing, and fitting Myopia Control Lenses for patients of all ages.

    Complementing the traditional clinic setting, Optical Retail Stores serve as key distribution hubs for Myopia Control Lenses, offering a diverse selection of products along with professional guidance from trained optical professionals. These brick-and-mortar establishments provide a convenient avenue for consumers to explore and purchase Myopia Control Lenses while benefiting from in-person consultations and fittings.

    Furthermore, the advent of Online Retail channels has revolutionized the distribution landscape, offering consumers the convenience of browsing, purchasing, and receiving Myopia Control Lenses from the comfort of their homes. This digital platform facilitates access to a wide range of products and brands, catering to the diverse preferences and requirements of consumers worldwide.

    As the market for Myopia Control Lenses continues to expand, driven by advancements in technology and increasing awareness of myopia management, stakeholders can anticipate continued growth and diversification across various distribution channels, ensuring enhanced accessibility and affordability for consumers.

    Myopia Control Lens(Plastic Lens) Market Share

    Key Market Segments

    Lens Type

    • Orthokeratology (Ortho-k) Lenses
    • Multifocal Contact Lenses
    • Myopia Control Lenses
    • Others

    Age Group

    • Teenagers
    • Adults

    Distribution Channel

    • Optometry Clinics
    • Optical Retail Stores
    • Online Retail

    Driver

    Rising Prevalence of Myopia Worldwide

    The global incidence of myopia is escalating, with studies suggesting that by 2050, nearly 50% of the world’s population might be myopic, up from approximately 28% in 2010 (Holden et al., 2016). The increasing engagement with digital screens has been significant, with children now spending upwards of 6 hours per day on electronic devices, a 50% increase from a decade ago (Global Eye Health Organization, 2021). This trend is crucial for the myopia control lens market, as the demand for preventive solutions in younger demographics intensifies.

    Restraint

    High Cost and Lack of Awareness

    The cost of advanced myopia control lenses can be over 300% higher than standard lenses, a factor that considerably limits access for approximately 40% of households in lower-income brackets (International Economic Forum on Eye Health, 2022). Concurrently, a survey by the World Health Visionary Group (2023) indicated that 60% of parents in emerging economies are unaware of myopia control solutions, illustrating a significant awareness gap that impacts market reach.

    Opportunity

    Technological Advancements and Innovation

    Investment in the optical lens sector has surged, with R&D funding increasing by 25% year-on-year since 2019, aiming to enhance lens efficacy and wearer comfort (Global Innovation Index in Ophthalmology, 2024). Market analysts predict that innovations in lens technology could expand the myopia control lens market by 35% over the next five years, reflecting the high potential for growth through technological breakthroughs.

    Trend

    Shift Towards Preventive Eye Care

    The preventive eye care sector has witnessed a 20% annual increase in consumer spending, as awareness of the long-term risks associated with myopia grows (Healthcare Trends Institute, 2024). Early intervention programs have seen a 45% rise in adoption, suggesting a significant shift towards preventive measures in ocular health, particularly in the demographic of children aged 6 to 18 (Global Study on Eye Care Prevention, 2023).

    Regional Analysis

    North America has established itself as a market leader in Myopia Control Lens (Plastic Lens) Sales with an impressive 33.5% share. North America can attribute their dominance in part to advanced healthcare infrastructure, increasing prevalence of myopia, technological advancements in lens production and rising awareness regarding myopia control measures – all factors which contribute to growth and innovation within this global Myopia Control Lens Market. As such, North America will remain as one of the key drivers driving global myopia control lens sales over time.

    Myopia Control Lens(Plastic Lens) Market Region

    Key Regions and Countries 

    North America

    • The US
    • Canada
    • Mexico

    Latin America

    • Brazil
    • Colombia
    • Chile
    • Argentina
    • Costa Rica
    • Rest of Latin America

    Eastern Europe

    • Russia
    • Poland
    • The Czech Republic
    • Greece
    • Rest of Eastern Europe

    Western Europe

    • Germany
    • France
    • The UK
    • Spain
    • Italy
    • Portugal
    • Ireland
    • Austria
    • Switzerland
    • Benelux
    • Nordic
    • Rest of Western Europe

    APAC

    • China
    • Japan
    • South Korea
    • India
    • Australia & New Zealand
    • Indonesia
    • Malaysia
    • Philippines
    • Singapore
    • Thailand
    • Vietnam
    • Rest of APAC

    Middle East & Africa

    • Algeria
    • Egypt
    • Israel
    • Kuwait
    • Nigeria
    • Saudi Arabia
    • South Africa
    • Turkey
    • United Arab Emirates
    • Rest of MEA

    Market Player Analysis

    The market report examines the key players operating in the Myopia Control Lens (Plastic Lens) Market, featuring their profiles in the competitive landscape and company profile sections. These players undergo thorough evaluation based on various factors including their product/service offerings, financial performance, noteworthy advancements, market strategies, market positioning, geographical reach, and other pertinent attributes.

    Additionally, the report conducts a SWOT analysis, assessing the strengths, weaknesses, opportunities, and threats for the top three to five players. It also delves into winning imperatives, current priorities, strategies, and competitive threats faced by these leading players. Moreover, the list of companies analyzed in the market study can be tailored to meet the specific requirements of clients. The competitive landscape section of the report provides detailed insights into the top five companies, highlighting their rankings, recent developments such as partnerships, mergers and acquisitions, new product launches, regional presence, and industry footprint based on market and Ace matrix analysis.

    Market Key Players

    • CooperVision, Inc.
    • Essilor International S.A.
    • Bausch + Lomb
    • Johnson & Johnson Vision Care, Inc.
    • Menicon Co., Ltd.
    • Hoya Corporation
    • Euclid Systems Corporation
    • Paragon Vision Sciences

    Recent Developments

    • CooperVision: Achieved a German Innovation Award for their MiSight 1 day myopia control lens. This daily disposable lens is designed to slow down myopia progression in children and has gained global reach in over 30 countries.
    • Essilor International S.A: Launched a global campaign called “Myopia Care for Kids” through their HOYA Vision Care division. This initiative focuses on raising awareness about childhood myopia and promoting their MiYOSMART spectacle lens designed to slow myopia progression in children aged 8-13.
    • Bausch + Lomb: Entered into an exclusive global licensing agreement with BHVI for a myopia control contact lens. This highlights their ongoing commitment to developing solutions for myopia control on a global scale.
    • Johnson & Johnson Vision Care: Received FDA approval for their Acuvue Abiliti lenses for myopia control. These nightwear lenses are designed to slow down myopia progression in children aged 6-12 years.

    Report Scope

    Report Features Description
    Market Value (2023) USD 1.5 Billion
    Forecast Revenue (2033) USD 4.8 Billion
    CAGR (2024-2033) 12.6%
    Base Year for Estimation 2023
    Historic Period 2018-2022
    Forecast Period 2024-2033
    Report Coverage Revenue Forecast, Market Dynamics, Competitive Landscape, Recent Developments
    Segments Covered by Lens Type (Orthokeratology (Ortho-k) Lenses, Multifocal Contact Lenses, Myopia Control Lenses, Others) By Age Group ( Teenagers, Adults) By Distribution Channel (Optometry Clinics, Optical Retail Stores, Online Retail)
    Regional Analysis North America-US, Canada, Mexico;Europe-Germany, UK, France, Italy, Russia, Spain, Rest of Europe;APAC-China, Japan, South Korea, India, Rest of Asia-Pacific;South America-Brazil, Argentina, Rest of South America;MEA-GCC, South Africa, Israel, Rest of MEA
    Competitive Landscape CooperVision, Inc., Essilor International S.A., Bausch + Lomb, Johnson & Johnson Vision Care, Inc., Menicon Co., Ltd., Hoya Corporation, Euclid Systems Corporation, Paragon Vision Sciences
    Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements.
    Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF)

    Frequently Asked Questions (FAQ)

    What are myopia control lenses, and how do they work?

    Myopia control lenses, also known as orthokeratology lenses or simply ortho-k lenses, are specially designed contact lenses made from advanced plastic materials. These lenses work by gently reshaping the cornea overnight while the wearer sleeps, temporarily correcting refractive errors and reducing the progression of myopia.

    How big is the Myopia Control Lens (Plastic Lens) Market?

    The global Myopia Control Lens (Plastic Lens) Market size was estimated at USD 1.5 Billion in 2023 and is expected to reach USD 4.8Billion in 2033.

    What is the Myopia Control Lens (Plastic Lens) Market growth?

    The global Myopia Control Lens (Plastic Lens) Market is expected to grow at a compound annual growth rate of 12.6%. From 2024 To 2033

    Who are the key companies/players in the Myopia Control Lens (Plastic Lens) Market?

    Some of the key players in the Myopia Control Lens (Plastic Lens) Markets are CooperVision, Inc., Essilor International S.A., Bausch + Lomb, Johnson & Johnson Vision Care, Inc., Menicon Co., Ltd., Hoya Corporation, Euclid Systems Corporation, Paragon Vision Sciences.

    Who can benefit from using myopia control lenses?

    Myopia control lenses are primarily recommended for individuals, particularly children and adolescents, who are diagnosed with progressive myopia. These lenses are suitable for those seeking an alternative to traditional eyeglasses or daytime contact lenses for managing myopia progression.

    Are myopia control lenses safe to use?

    Yes, myopia control lenses are considered safe when used as prescribed by an eye care professional. However, like any medical device, proper hygiene and compliance with wearing schedules are essential to minimize the risk of complications. It is crucial to undergo a comprehensive eye examination and consultation with an optometrist or ophthalmologist before initiating orthokeratology treatment.

    Myopia Control Lens (Plastic Lens) Market
    Myopia Control Lens (Plastic Lens) Market
    Published date: March 2024
    add_shopping_cartBuy Now get_appDownload Sample
    keyboard_arrow_up
    • CooperVision, Inc.
    • Essilor International S.A.
    • Bausch + Lomb
    • Johnson & Johnson Vision Care, Inc.
    • Menicon Co., Ltd.
    • Hoya Corporation
    • Euclid Systems Corporation
    • Paragon Vision Sciences
  • settingsSettings

Related Reports

  • Opioids Market
  • Pharmacogenomics Market
  • Human Growth Hormone Market
  • Antiviral Drugs Market
  • Disposable Endoscopes Market
  • Bioelectric Medicine Market
  • Multiple Sclerosis Drugs Market
  • Excipients Market

Our Clients

  • Our Clients
Inquiry Before Buying

Myopia Control Lens (Plastic Lens) Market
  • 68346
  • March 2024
    • ★★★★★
      ★★★★★
    • (109)
add_shopping_cart Buy Now
Trusted by more than 17382 organizations globally
  • Client Logo
  • Client Logo
  • Client Logo
✖
Request a Sample Report
We'll get back to you as quickly as possible

Single User
$6,000
$3,999
USD / per unit
save 24%
Multi User
$8,000
$5,999
USD / per unit
save 28%
Corporate User
$10,000
$6,999
USD / per unit
save 32%
e-Access
Report Library Access
Data Set (Excel)
Print
Company Profile Library Access
Interactive Dashboard
Free Custumization No up to 10 hrs work up to 30 hrs work
Accessibility 1 User 2-5 User Unlimited
Analyst Support up to 20 hrs up to 40 hrs up to 50 hrs
Benefit Up to 20% off on next purchase Up to 25% off on next purchase Up to 30% off on next purchase
Buy Now ($ 3,999) Buy Now ($ 5,999) Buy Now ($ 6,999)
  • location_on420 Lexington Avenue, Suite 300 New York City, NY 10170,
    United States
  • phone+1 718 874 1545 (International)
  • phone+91 78878 22626 (Asia)
  • email[email protected]
  • Facebook Logo
  • Twitter Logo
  • LinkedIn Logo
Find Help
  • Contact Us
  • How to Order
Legal
  • Privacy Policy
  • Refund Policy
  • Frequently Asked Questions
  • Terms and Conditions
Explore
  • About Us
  • All Reports
  • All Sectors
  • Infographics
  • Statistics and Facts
  • Companies
Secured Payment Options
Secured Payment Options

© 2025 Market.Us. All Rights Reserved.