According to a recent market study published by Growth Market Reports titled, “Global Teenager Myopia Control Market by Product Types, Distribution Channels, and Region: Size, Share, Trends and Opportunity Analysis, 2017-2027”, the market was valued at US$ 553.2 Million in 2019 and is expected to grow at a healthy growth rate of 15.1 % by the year 2027. The global teenager myopia control market is anticipated to grow owing to increasing number of myopia patients. Further, growing focus on immunization programs, and increasing awareness among consumers for vaccine are the factors which is expected to drive the growth of the global teenager myopia control market.

The global teenager myopia control market is fragmented based on product types, distribution channels, and region. Based on product types, the teenager myopia control market is segmented into spectacles, contact lens, ortho-K, and atropine. On the basis of distribution channels, the teenager myopia control market is segregated into hospitals, optometry clinics, and others. Based on region, the global Teenager Myopia Control market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, Asia Pacific is further segmented into, India, China, South Korea, Australia, Japan, and Rest of Asia Pacific. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Poland, and Rest of Europe, and the MEA region is further divided into Saudi Arabia, Egypt, Iran, Israel, South Africa, UAE, and Rest of Middle East & Africa (MEA).

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In year 2020, the teenager myopia control market is expected to witness the slight growth of COVID 19 pandemic. However, the increased screen time in the lockdown situation is increasing the incidence of the myopia globally. Therefore, the market is anticipated to witness slight fluctuations in demand and supply for Teenager Myopia Control due to closing of international trades.

As per Growth Market Reports industry analyst Akshata Ahire, “The Global Teenager Myopia Control Market is anticipated to witness significant growth during forecast period 2021-2027 driven by increasing prevalence of myopia, rising screen time, growing number of diabetic patients, increasing incidence of distance vision impairment are expanding the market size. Since, growing awareness programs for myopia by government, and rising awareness concerning teenage myopia control in developing nations these factors possesses as an opportunity for this market. Key players in the market are actively focusing on R&D activities to control the prevalence of the myopia.”

Key Takeaways from the Study:

  • U.S. based CooperVision holds approximately one fourth of market share of global teenager myopia control market in year 2019.

  • Asia pacific accounts for a major share of the market, followed by North America. The market in Asia Pacific is projected to expand at significant CAGR during the forecast period.

  • In terms of value, the hospitals segment is projected to increase at a substantial CAGR during the forecast timeline. Numerous consumers purchase medicines from hospitals owing to the convenience thus, contributes to the segmental growth.

  • In terms of value, the ortho-K segment is anticipated to expand at a significant CAGR during the forecast period. Several consumers are adopting ortho-k for the correction of myopia, as they are more convenient to use, thus boosting segment growth.

Report Scope:

Report Metric

Details

Market Value in 2019

US$ 553.2 Million

Market Growth Rate (from 2021 to 2027)

15.1 %

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 - 2027

Units Considered

Value (US$ Million)

Market Segments

By Product types, By Distribution Channels

Regional Scope

North America, Europe, Latin America, Asia Pacific, Middle East & Africa (MEA)

Country Scope

U.S., Canada, Brazil, Mexico, Rest of Latin America, India, China, Pakistan, Indonesia, Bangladesh, Rest of Asia Pacific, U.K., France, Germany, Italy, Spain, Poland, Rest of Europe, Nigeria, DR of Congo, Ethiopia, and Rest of MEA.

Key Companies Profiled

Bausch & Lomb, CooperVision, HOYA Corporation, Johnson & Johnson Vision

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Teenager Myopia Control manufacturers (Eye care industries), raw material suppliers, primary respondents, and distributors.

  • Demand Side: Hospitals, Optometry Clinics, Pharmacies, Group Purchasing Organizations, Medical payers etc.

  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies

  • Associations and Industry Bodies: Centers for Disease Control and Prevention (CDC), Food and Drug Administration (FDA), World Health Organization (WHO), Medicines and Healthcare Products Regulatory Agency (MHRA), Therapeutic Goods Administration (TGA), International Organization for Standardization(ISO), Ministry of Health, Labor and Welfare (MHLW), International Federation of Pharmaceutical Manufacturers & Association (IFPMA), World Trade Organization (WTO), Indian Medical Research Council (ICMR).