The global Myopia Control Lens (Plastic Lens) market size is estimated to be worth US$ 604.94 million in 2021 and is forecast to a readjusted size of US$ 2,342.17 million by 2028 with a CAGR of 20.26% during the review period.
Myopia, also known as nearsightedness, is a condition in which distant objects appear blurry while close objects are clear. Myopia occurs when the eyeball is too long or when the cornea, the clear front surface of the eye, has too much curvature. Light rays entering the eye are focused in front of the retina instead of on the retina. This causes distant objects to appear blurry.
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Myopia typically develops in childhood and continues to progress through adolescence. Nearly one-third of Americans are myopic, and myopia is on the rise globally.
This report focuses on Myopia Control Lens (Plastic Lens) volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Myopia Control Lens (Plastic Lens) market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China, Japan, South Korea, Taiwan, etc.
The research report includes specific segments by region (country), by company, by Type and by End User. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
The research report includes specific segments by region (country), by manufacturers, by Type and by End User. Each type provides information about the production during the forecast period of 2017 to 2028. By End User segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
The global major manufacturers of Myopia Control Lens (Plastic Lens) include ZEISS, HOYA Corporation, EssilorLuxottica, Ovctek, Alpha Corporation, Paragon (CooperVision), EUCLID, Brighten Optix, and Lucid Korea, etc. In terms of revenue, the global 3 largest players have a 49.10% market share of Myopia Control Lens (Plastic Lens) in 2021.
Jiangsu Green Stone Optical (SETO)
Segment by Type
Myopia Control Spectacle Lenses accounting for 59.60% of the Myopia Control Lens (Plastic Lens) global market in 2021, is projected to value US$ 1,443.36 million by 2028, growing at a revised 20.71% CAGR in the post-COVID-19 period. While Children (6-12 Years Old) segment is altered to a 20.37% CAGR throughout this forecast period and will hold a share about 89.21% in 2028.
Myopia Control Spectacle Lenses
Segment by End User
Children (6-12 Years Old)
Teenagers (12-18 Years Old)
Consumption by Region
Rest of APAC
Rest of Europe
Rest of Latin America
Myopia, or nearsightedness, is a growing problem worldwide. The condition affects approximately 1.4 billion people globally, and the number is expected to rise to nearly 5 billion by 2050. Myopia occurs when the eye grows too long, preventing light from focusing directly on the retina and resulting in blurred vision.
There are several factors driving the myopia control lens market. One is the increasing prevalence of myopia, especially among children and young adults. This is due in part to increased screen time and other near work activities. Another driver is the availability of new myopia control lenses that can slow down the progression of myopia and even improve vision in some cases. And finally, insurance coverage for myopia control lenses is increasing, making them more accessible to patients.
With the rising prevalence of myopia and the availability of new, effective treatments, the myopia control lens market is expected to grow significantly in the coming years.
The myopia control lens market faces several challenges that may hamper market growth in the forecast period. These include high costs associated with myopia control lenses, lack of awareness among consumers, and competition from other vision correction options. Additionally, myopia is often diagnosed in young children, who may be unwilling or unable to wear corrective lenses. This presents a significant challenge for market growth, as early intervention is key to effective myopia control.
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Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
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Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
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Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
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