Global Presbyopia Treatment Market Accounted for US$ 16.06 Bn in 2022; says Absolute Markets Insights

HOUSTON, TEXAS, UNITED STATES, July 12, 2023/EINPresswire.com/ -- Presbyopia is an age-related disorder that impairs the eyes' ability to concentrate on close objects. It typically begins around the age of 40 and gradually worsens over time. While presbyopia cannot be cured, there are several treatment options available to manage and correct the condition. According to the World Health Organisation (WHO), 1.8 billion individuals worldwide suffer from presbyopia. Presbyopia is affecting an increasing number of people globally. Furthermore, patients' expectations for eyesight quality are rising, but their tolerance for postoperative refractive errors is reducing. Besides, increased public knowledge of improved postoperative outcomes implies that patients are electing for earlier procedures. This implies that the possible presbyopia treatment market is considerable, and it will continue to grow and attract more patients and surgeons over time, since it provides surgeons with a huge chance to provide their patients superior vision across all distance ranges.

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Which Treatment Had the Highest Share in the Global Presbyopia Treatment Market in 2022?
There are several methods available for correcting presbyopia. Reading glasses might be the most well-known treatment for presbyopia and thus had the highest share in the presbyopia treatment market in 2022. These glasses are non-prescription and come in a variety of magnification strengths. Wearing reading glasses when doing close-up work can be effective if presbyopia is the only condition affecting the vision. These glasses are highly preferred because they are inexpensive and they are meant for close-up work or reading only. For instance Over-the-Counter Reading Glasses are for sale at drug and retail stores. Typically, the power of these lenses ranges from around +1.00 diopters to +2.75 diopters. But these glasses won’t help if one eye needs more correction than the other or if you have astigmatism. Thus people are preferring contact lenses and surgeries for effective results and clear vision. In the upcoming years, rising awareness about the advantages of surgeries and advanced treatments will upsurge the growth of global presbyopia treatment market.

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Based on Region Segment, Which Region is Anticipated to be the Fastest Growing Region in the Presbyopia Treatment Market During the Forecast Period?
Asia Pacific region is estimated to be the fastest growing region during the forecast period 2023-2031. Many countries in Asia, such as China, Japan, and South Korea, have rapidly aging population. This is due to factors like increased life expectancy and declining birth rates. As presbyopia typically affects individuals over the age of 40, an aging population contributes to a higher prevalence of the condition. With advancements in healthcare, nutrition, and living standards, people in Asia are leading longer and healthier lives. This means that individuals are reaching the age at which presbyopia occurs more frequently. Additionally, lifestyle changes such as increased screen time and prolonged near work (e.g., computer use) can also contribute to the development of presbyopia. Thus to overcome this healthcare organizations are investing and collaborating to introduce advanced treatments for presbyopia. For instance, in 2022, Visus Therapeutics and Zhaoke Ophthalmology Limited (ZKO) collaborated wth an aim to develop and commercialize Brimochol PF and Carbachol PF. It is designed to be long-acting eye drop for the correction of near-vision loss caused by presbyopia, in three new regions, including Greater China, South Korea, and select Southeast Asian territories.

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Global Presbyopia Treatment Market Snapshot
Market Segmentation
• By Treatment Type
o Corrective
 Eyeglasses
• Reading Glasses
• Office Progressives
• Bifocals
• Trifocals
• Progressive Multifocals
 Contact Lenses
• Multifocal
• Monovision
• Modified Monovision
o Surgery
 Refractive Surgery
• LASIK surgery
• Photorefractive keratectomy (PRK)
• Small-incision lenticule extraction (SMILE)
 Lens Implants
 Corneal Inlays
o Drugs
o Others
• By End Users
o Hospitals, clinics
o Medical centers
o Ophthalmologic clinics

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Companies Included
• AbbVie Inc.
• Alcon
• Bausch & Lomb Incorporated.
• CooperVision
• ESSILOR OF AMERICA, INC.
• Ichor Life Sciences, Inc.
• Johnson & Johnson Vision Care, Inc.
• LENZ Therapeutics
• NIDEK CO., LTD.
• Orasis Pharmaceuticals
• VISUS THERAPEUTICS
• ZEISS
• Other market participants

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Regions Covered
• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

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