The Myopia And Presbyopia Treatment market is estimated to be valued at US$ 24.4 Bn in 2023 and is expected to exhibit a CAGR of 8.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Myopia and presbyopia treatment products include contact lenses, spectacles, and intraocular lenses. Contact lenses are flexible lenses that bond directly on the surface of the eye for vision correction. Spectacles are worn on the face using frames that hold optical lenses in front of the eyes. Intraocular lenses are implanted inside the eyes during cataract surgery to replaceclouded natural lenses.

Market Dynamics:
The increasing prevalence of visual impairments such as myopia and presbyopia across the world is expected to drive the market growth. As per data by World Health Organization, over 2.2 billion people across the world suffer from myopia. Furthermore, presbyopia affects nearly 1.8 billion people worldwide.

The rising aging population is another key driver fueling the demand for myopia and presbyopia treatment products.Risk of myopia and presbyopia increases withage.As per United Nations report, number of people aged 60 years and aboveis expected to reach 2.1 billion globally by 2050 from 962 million in 2017.

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