Myopia Treatment Devices Market: Trend, Size and Forecast (2025-2034)

The global myopia treatment devices market is experiencing significant growth due to the increasing prevalence of myopia (nearsightedness) worldwide. Myopia, a refractive error causing blurred vision at a distance, is becoming more common, especially in urban areas. If left untreated, myopia can lead to serious complications like glaucoma, cataracts, and retinal detachment, making effective treatment options crucial. The market for myopia treatment devices was valued at USD 18.02 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 7.80%, reaching USD 38.19 billion by 2034.

Market Overview

Myopia treatment devices market are essential tools designed to manage or correct myopia, a refractive error that is becoming increasingly prevalent, particularly among children and young adults. These devices include eyeglasses, contact lenses, ortho-k lenses, phakic intraocular lenses, and advanced surgical options like excimer laser refractive surgery and femtosecond lasers. With the growing prevalence of myopia and its associated risks, there is a rising demand for effective treatment devices. Advancements in technology and ophthalmological innovations are expanding the range of solutions available for managing myopia across different age groups.

Market Size and Share

The global myopia treatment devices market was valued at USD 18.02 billion in 2024. With a projected CAGR of 7.80%, the market is expected to grow to USD 38.19 billion by 2034. The growth is fueled by factors such as the increasing global prevalence of myopia, advancements in myopia management technologies, and greater awareness of eye health. The rise in myopia cases, particularly among children and young adults, further contributes to the market's expansion. North America, Europe, and Asia Pacific are expected to remain key regions for growth, supported by strong healthcare spending and the widespread adoption of advanced treatment options.

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Market Trends

• Increasing Prevalence of Myopia: The global prevalence of myopia is rising, particularly in urban areas, due to lifestyle factors like excessive screen time and reduced outdoor activities. According to the World Health Organization, nearly half of the global population is expected to be affected by myopia by 2050, which is driving the demand for myopia treatment devices.
• Technological Advancements in Myopia Treatment Devices: Innovations are transforming the myopia treatment landscape. Ortho-k lenses, which reshape the cornea while the patient sleeps, are becoming increasingly popular as non-invasive treatments for myopia, especially in children. Excimer laser refractive surgery and femtosecond lasers have revolutionized refractive error correction, providing more precise and efficient treatment options.
• Growing Demand for Non-Surgical Treatment Options: Non-surgical alternatives such as eyeglasses, contact lenses, and ortho-k lenses are gaining traction, particularly among children and young adults who prefer to avoid surgery. As awareness of myopia’s risks increases, more individuals are seeking early intervention, which drives the demand for non-surgical treatment devices.
• Adoption of Myopia Control Programs in Schools and Clinics: The trend of integrating myopia control programs into schools and healthcare clinics is on the rise. These programs focus on early detection and proactive treatment, utilizing devices like myopia control contact lenses, atropine eye drops, and specialized eyeglasses. Such initiatives are expanding access to myopia treatment devices in both developed and emerging markets.

Market Analysis

• Product Type Breakdown: The myopia treatment devices market includes several product types such as eyeglasses, contact lenses, ortho-k lenses, phakic intraocular lenses, excimer laser refractive surgery devices, and femtosecond lasers. Eyeglasses and contact lenses dominate the market due to their widespread use and accessibility, while ortho-k lenses and surgical treatments are gaining popularity for controlling myopia progression. The adoption of femtosecond lasers in refractive surgeries is also boosting market growth.
• Population Type Breakdown: The market is segmented into adult and pediatric populations. Myopia is being diagnosed more frequently in children, and early intervention is crucial to prevent progression. As a result, the demand for myopia control products, such as specialized contact lenses and ortho-k lenses, is particularly high among children. However, the adult segment also holds a significant share of the market, as many adults seek corrective treatments to enhance their vision.
• Type of Myopia: Myopia can be classified as refractive myopia, caused by an abnormal curvature of the cornea or lens, and axial myopia, caused by excessive elongation of the eyeball. Both types can be effectively treated using various devices, including corrective lenses, refractive surgeries, and other interventions.
• End-User Breakdown: The market serves several end users, including hospitals and clinics, specialty clinics, ophthalmology centers, and others. Hospitals and clinics are the largest end-user segment, followed by specialty clinics offering specialized myopia treatments. Ophthalmology centers are also significant players in providing advanced treatment options like laser surgeries and phakic intraocular lenses.

Regional Insights

• North America: North America, particularly the United States, is a key market for myopia treatment devices, driven by high healthcare standards, technological innovations, and a strong demand for corrective eye treatments. The increasing prevalence of myopia and the growing focus on myopia control programs, especially in children, are contributing to market growth in this region.
• Asia Pacific: The Asia Pacific region is expected to witness the fastest growth in the myopia treatment devices market. Countries such as China, Japan, and India are experiencing a significant rise in myopia cases due to rapid urbanization, lifestyle changes, and increased screen time. Improved healthcare systems and rising awareness about myopia are propelling demand for myopia treatment devices in this region.

Market Growth Drivers

The myopia treatment devices market is expanding due to factors such as the increasing prevalence of myopia, particularly among children and young adults. Increased awareness of the potential risks of untreated myopia, such as retinal detachment and glaucoma, is motivating more individuals to seek early treatment. Additionally, advancements in technologies like laser refractive surgeries and the development of myopia control lenses are providing better treatment options. With global access to healthcare improving, more patients are turning to advanced myopia treatments, further driving market growth.

Recent Developments & Challenges

• Innovations in Myopia Control Lenses: Recent advancements in myopia control lenses, such as dual-focus contact lenses and ortho-k lenses, are gaining popularity for slowing myopia progression, particularly in children.
• Excimer and Femtosecond Laser Advancements: Improvements in excimer and femtosecond laser technologies have made refractive surgeries more precise and efficient, enhancing treatment outcomes for myopia patients.
• Increased Focus on Pediatric Myopia: The rise in myopia cases among children has led to a greater emphasis on early intervention and the development of specialized devices for pediatric myopia management.
• Regulatory and Pricing Pressures: As the market expands, regulatory challenges and pricing pressures are becoming more significant. Governments and health insurers may limit reimbursements for certain treatments, and regulatory approval for new devices can be time-consuming.

Key Players

• CooperVision: A leading player in the myopia treatment devices market, CooperVision specializes in producing contact lenses, including dual-focus contact lenses designed to slow myopia progression in children and young adults.
• Johnson & Johnson Services, Inc.: Known for its wide range of eyecare products, Johnson & Johnson plays a significant role in the myopia treatment market with a focus on advanced technology for improved patient outcomes.
• Essilor International: A global leader in vision care, Essilor International offers specialized eyeglasses and lenses aimed at managing myopia progression, particularly in children.
• Bausch & Lomb Inc.: A well-established player in the eye care market, Bausch & Lomb provides various myopia treatment devices such as contact lenses, excimer laser surgery equipment, and ortho-k lenses.

Other contributors to the growth of the myopia treatment devices market include Lucid Korea Co., Ltd., Euclid Systems Corp., Nidek Co., Ltd., and Schwind Eye Tech Solutions GmbH.

FAQs

• What is the current size of the myopia treatment devices market? The market was valued at USD 18.02 billion in 2024 and is projected to reach USD 38.19 billion by 2034.
• What are the main types of myopia treatments? The main types of treatments include eyeglasses, contact lenses, ortho-k lenses, excimer laser refractive surgery, and femtosecond lasers.
• Which region has the highest demand for myopia treatment devices? North America has the highest demand due to its advanced healthcare system and high awareness of eye care.
• What is the expected growth rate of the market? The myopia treatment devices market is expected to grow at a CAGR of 7.80% from 2025 to 2034.

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