The Myopia Management System Market is estimated to grow on a diligent note in the forecast period. Today, social proof could be equated with digital currency. In other words, people go for digital reviews, signals, and testimonials before deciding on the doctor/hospital. This social proof works better with telehealth, and also goes beyond region-wise obstacles. This would all be about the healthcare vertical going forward.
Myopia management system includes wearing spectacles designed for specially myopia and contact lenses. The global prevalence of visual impairment disorder is expected to increase dramatically from 2000 to 2050. Currently, it is estimated that 537 million people suffer from high myopia. Increasing in number of eye disorders is attributed to unhealthy lifestyle habits like increased exposure to gadgets.
It is estimated that the prevalence of myopia is growing at unprecedented levels in the United States and even globally. Increasing prevalence of myopia among children and adult is a major driver for the Myopia management system market growth.
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According to the World Health Organization, children with myopia will increase from 1.4 billion to 4.7 billion from 2000 to 2050. WHO also estimates prevalence of high myopia will grow from 163 million to 938 million. This estimation weighs approximately 10 percent of the world’s population. All these factors are expected to upswing the myopia management system market.
Another restraint is economic costs of vision disorder management are significant which is around $10 billion annually in the United States. Additionally, medical care, devices and vision aids and caregivers are not cost effective. These factors can hamper the myopia management system market growth.
COVID 19 pandemic impacted many industries including healthcare and medical devices. However, the impact on Myopia management systems can said to be low to moderate. New purchases might have suffered loss due to hampered supply chain and distribution. But this effect was temporary and got recovered post lockdown.
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Myopia management system Segmentation:
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| Based on lens type |
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| Based on distribution channels |
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There is a significant increase in myopia observed in the U.S. as estimated by National Eye Institute at the National Institutes of Health (NIH). In the U.S, people aged over 12 years, have shown increase in myopia from 21 percent in 1971 to 42 percent in 2017 as estimated by NIH. North America is expected to lead the myopia management system Market treatment as maximum prevalence of this disease is reported to be in the United States.
Some of the main market players for myopia management system Market are: Zeiss International, Essilor Ltd. Bausch & Lomb Incorporated, Johnson & Johnson Vision, and Alcon Vision Llc, Topcon Corporation, Haag-Streit UK, Ziemer Ophthalmic Systems AG, Nidek Co., Ltd., Cooper vision, Markennovy and others.
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