2020-2027 Analysis and Review Presbyopia Correction Devices Market

Presbyopia Correction Devices Market

Presbyopia Correction Devices Market By Product Type (Corneal Inlays, Scleral Implants and Others), By End Users (Hospital & Clinics, Ambulatory Surgical Centers and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

14-07-2020 REP-HC-5132 40 Tables 120 pages Format

The presbyopia correction devices market was valued at USD 3,183.6 Mn by 2019. The rising prevalence of vision impairment worldwide primarily drives the presbyopia correction devices market growth. Additionally, the technological advancement associated with the presbyopia correction devices and increasing demand for minimally invasive surgical procedures further propel the market growth.

Presbyopia Correction Devices Market

Presbyopia is considered as the gradual loss of the eye vision which occurs due to the gradual aging process, which becomes first noticeable during the mid-’40s in human beings. It is defined as the long-sightedness which occurs due to the loss of the elasticity of the eye lens.

The major segments related to the presbyopia correction devices market are: 

By Product Type (2017–2027; US$ Mn)

Corneal Inlays

Scleral Implants

Others

By End Users (2017–2027; US$ Mn)

Hospital & Clinics

Ambulatory Surgical Centers

Others

Geography Segment (2017–2027; US$ Mn)

North America

U.S.
Canada

Europe

United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global presbyopia correction devices market
  • The overall segmentation of the presbyopia correction devices market, by Product Type, end-users and geography are minutely studied. Corneal inlays and hospital & clinics are dominating the Product Type and end-users segments respectively
  • Rising prevalence of vision complications worldwide
  • Technological advancement in the Presbyopia Correction Devices and increasing demand for minimally invasive surgical procedures together accentuate the market growth

Report gist?

  • The study of the global presbyopia correction devices market includes qualitative analysis of factors such as drivers, restraints, and opportunities
  • The report covers the qualitative and quantitative analysis of the overall market segmented on the basis of Product Type and end-users and categorization of the same at geography level
  • This research report presents the analysis of each segment from 2017 to 2027 in which 2019 is considered as the base year. The compounded annual growth rate is calculated for the respective segments from 2020 to 2027

The study includes the profiles of major market players with a significant global and regional presence along with top company positioning. 

Significant customers?

  • This study is suitable for industry participants and stakeholders in the pharmaceutical manufacturers actively engaged in the production and marketing of presbyopia correction devices due to the rising prevalence of vision complications worldwide
  • The report will benefit biomedical engineers engaged in the technological advancement of presbyopia correction devices
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to presbyopia correction devices market
  • Financial institutions, venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies 

Segment Analysis

Corneal inlays are representing the largest market share in the product type segment for the presbyopia correction devices market. It is also known as keratophakia are very thin, permeable, and small in its ergonomic features which are best suited for its implantation in the corneal stoma for the correction of presbyopia. The materials used as corneal inlays have undergone a technological revolution in the last 5 decades with bioengineers working diligently in making the best material which has decreased thickness, more biocompatibility, presence of multiple holes which allows the passage of nutrients and optimization of the depth while implanting in the eyes. Scleral implants will be garnering appreciable market growth throughout the forecast period majorly due to its excellent ergonomic features such as implanted in the eyes it increases the space around the ciliary muscles which reduces the crowding of the muscles and increases the ciliary muscle functions to obtain the resultant vision accommodation.

Hospitals & clinics are presently occupying the largest market share in the end-user segment for the presbyopia correction devices market. Proactive government initiatives to provide primary healthcare centers with funds and presbyopia correction devices to restore vision impairment in poor citizens across the globe. Ambulatory surgical centers are expected to register exemplary market performance in the near future owing to the strong investment and funding provided by a non-governmental organization (NGO) for catering medical services to patients suffering from vision disorders residing in remote locations.

North America is currently dominating the geography segment for the presbyopia correction devices market. The rising prevalence of vision complications primarily drives the presbyopia correction devices market growth in the region. As per the latest statistics provided by the American Optometric Association (AOA), approximately 70% of the American adult population requires vision correction. Additionally, the domicile of key players such as AcuFocus, Inc., Refocus., Avedro, Inc., Nidek Co., Ltd., Carl Zeiss Meditec AG., etc. further accentuates the market growth. Europe is considered as the second-largest regional segment for presbyopia correction devices owing to the nurturing environment provided by the European Medical Agency (EMA), regarding its sale and distribution in the region. The Asia Pacific is anticipated to be the fastest-growing regional segment for presbyopia correction devices owing to the increasing demand for minimally invasive surgical procedures and a constant rise in the geriatric population suffering from vision impairment in the Asia Pacific region.

Select License Type

$4,600
$6,600
$13,200

Safe and Secure SSL Encrypted

Have a Question?

We will help you find what you are looking for.

Call 1-518-730-1560

Contact sales

How can we help you?

Get in touch with us or find an office closest to you.