MYOPIA CONTROL LENSES MARKET ANALYSIS

Myopia Control Lenses MarketSize and Trends

Global myopia control lenses market size is estimated to be valued at US$ 1.48 billion in 2023 and is expected to reach US$ 3.63 billion by 2030, by exhibiting a compound annual growth rate (CAGR) of 13.7% from 2023 to 2030.

Global Myopia Control Lenses Market Trends:

• Customization and personalization: There is an increasing demand for customized and personalized myopia control lenses. Eyecare professionals are recognizing the importance of individualized approaches to myopia management, considering factors such as the patient's eye characteristics, lifestyle, and visual needs. Manufacturers are responding to this trend by offering lenses that can be tailored to meet the specific requirements of each patient.
• Integration of digital technologies: The integration of digital technologies in the myopia control lenses market is gaining traction. Digital solutions, such as smart contact lenses or wearable devices, are being explored to monitor and manage myopia progression. These technologies offer opportunities for real-time monitoring, data collection, and personalized treatment adjustments. For instance, on April 12, 2023, SightGlass Vision, a company developing innovative spectacle lenses to slow down the progression of myopia in children, announced the presentation of its myopia control spectacle lens technology at the International Congress of Ophthalmology and Optometry China (COOC), in partnership with Nikon Lenswear, one of the leaders in eyecare products. The conference took place in Shanghai, China from April 14-16, 2023.