Global Children Myopia Control Lens Market Growth 2023-2029

Global Children Myopia Control Lens Market Growth 2023-2029

According to our LPI (LP Information) latest study, the global Children Myopia Control Lens market size was valued at US$ 1058.5 million in 2022. With growing demand in downstream market, the Children Myopia Control Lens is forecast to a readjusted size of US$ 3249 million by 2029 with a CAGR of 17.4% during review period.

The research report highlights the growth potential of the global Children Myopia Control Lens market. Children Myopia Control Lens are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Children Myopia Control Lens. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Children Myopia Control Lens market.

Myopia, also called near-sightedness or short-sightedness, is a problem with the focusing ability of the eye. It is when the eye is not able to focus properly on objects in the distance. In this study, Myopia Control Spectacle Lenses, such as ZEISS MyoVision Pro Lenses, HOYA MiyoSmart and Essilor ® Stellest ™ etc. and Myopia Control Contact Lenses (Orthokeratology Lens and Multi-focals (like MiSight)) are focused.

The myopia control lens industry is continuously evolving to address the increasing prevalence of myopia and the growing demand for effective solutions. Several solutions and innovations are being developed and implemented to tackle the challenge of myopia progression.



Specialized Lens Designs: Manufacturers are developing specialized lens designs specifically tailored for myopia control. These lenses employ various optical techniques, such as multifocal optics, peripheral defocus management, and dual-focus designs, to reduce the progression of myopia. These innovative designs aim to optimize visual performance while simultaneously slowing down the elongation of the eye, which is the underlying cause of myopia.



Orthokeratology (Ortho-K): Orthokeratology is a non-surgical method of myopia control that involves wearing specially designed gas-permeable contact lenses overnight. These lenses reshape the cornea temporarily, providing clear vision during the day without the need for glasses or contact lenses. Ortho-K lenses are particularly popular among children and teenagers as they offer a convenient and reversible option for myopia management.



Soft contact lenses offer an alternative option to spectacles for correcting vision. They are made from a flexible clear oxygen permeable material and fit to closely align with the front surface of the eye. Not all of these myopia control soft contact lenses are available in all countries or eye care practices. A further consideration is local regulatory approvals - in the USA for example contact lenses are approved for use by the Federal Drugs and Administration (FDA). Myopia control contact lenses can be prescribed without FDA approval as 'off-label' use, but FDA approval provides assurance that a lens has been extensively tested and approved for safety and effectiveness. Currently the CooperVision MiSight 1 day lens is the only myopia control soft contact lens to have FDA approval.



According to the report, the global Myopia Control Lens market was 1.08 billion US$ in 2022 and is expected to 3.21 billion US$ by the end of 2029, growing at a CAGR of 16.75% between 2023 and 2029.



Asia-Pacific is the largest consumption region of Myopia Control Lens, with 87.67% global revenue market share in 2022. China is the country with the largest contribution in the Asia-Pacific region. In 2022, the revenue share of myopia control lenses accounted for 72.79% of the Asia-Pacific region.



Market competition is intense. ZEISS, HOYA Corporation, EssilorLuxottica, CooperVision, Ovctek, Alpha Corporation, EUCLID and Brighten Optix are the leaders of the industry, and hold key technologies and customers, have been formed in the monopoly position in the industry. However, with further expanding market, there will be more manufactures in the future. Of the major players in this market, HOYA hold the largest market share in 2022, followed by ZEISS, EssilorLuxottica and CooperVision. HOYA occupied 30.74% global revenue market share in 2022. ZEISS, EssilorLuxottica and CooperVision occupied 15.70%, 12.07% and 11.34%, respectively.



There are three type of Myopia Control Lens including Myopia Control Spectacle Lenses, Orthokeratology Lens and Soft Contact Lenses. In 2022, global revenue of Myopia Control Spectacle Lenses was valued at 684.34 Million US$, making up 63.24% market share, and is projected to increase at a GAGR of 18.49% during 2023 to 2029. Orthokeratology Lens and soft contact lenses were valued at 317.49 Million US$ and 80.23 Million US$ in 2022, respectively.

Key Features:

The report on Children Myopia Control Lens market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Children Myopia Control Lens market. It may include historical data, market segmentation by Type (e.g., Myopia Control Spectacle Lenses, Orthokeratology), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Children Myopia Control Lens market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Children Myopia Control Lens market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Children Myopia Control Lens industry. This include advancements in Children Myopia Control Lens technology, Children Myopia Control Lens new entrants, Children Myopia Control Lens new investment, and other innovations that are shaping the future of Children Myopia Control Lens.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Children Myopia Control Lens market. It includes factors influencing customer ' purchasing decisions, preferences for Children Myopia Control Lens product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Children Myopia Control Lens market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Children Myopia Control Lens market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Children Myopia Control Lens market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Children Myopia Control Lens industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Children Myopia Control Lens market.

Market Segmentation:

Children Myopia Control Lens market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
Myopia Control Spectacle Lenses
Orthokeratology
Soft Myopia Control Contact Lenses

Segmentation by application
6 to 12 Years Old
12 to 18 Years Old

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
HOYA Corporation
ZEISS
EssilorLuxottica
CooperVision
Ovctek
Alpha Corporation
EUCLID
Brighten Optix
Lucid Korea
WeiXing Optical
Contex
Jiangsu Green Stone Optical (SETO)
Conant

Key Questions Addressed in this Report

What is the 10-year outlook for the global Children Myopia Control Lens market?

What factors are driving Children Myopia Control Lens market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Children Myopia Control Lens market opportunities vary by end market size?

How does Children Myopia Control Lens break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.