Data Bridge Market Research Published Latest presbyopia market Study by indepth analysis about current scenario, the Market size, demand, growth pattern, trends, and forecast. This report on the study considers important factors such as an analysis of the market, a definition of the market, market segmentation, significant trends in the industry, an examination of the competitive landscape, and research methodology.

In recent years, the presbyopia market is anticipated to proliferate during the forecast period. Presbyopia is when your eyes gradually lose their capacity to focus on adjacent things. Presbyopia typically appears in your early to mid-40s and worsens until you reach the age of 65. While vision correction therapies for common eye problems including myopia and hyperopia typically produce excellent results, presbyopia treatment currently on the market has a lot of room for improvement. Although there are treatments for presbyopia, the outcomes have not proven convincing. This offers more opportunities for the presbyopia market to grow.

Data Bridge Market Research analyses that the presbyopia market was valued at USD 9.441 billion in 2021 and is expected to reach USD 13.84 billion by 2029, registering a CAGR of 4.90% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

View Detailed Report@ https://www.databridgemarketresearch.com/reports/global-presbyopia-...

Presbyopia is an eye ailment in which your ability to focus quickly on close things gradually deteriorates. It's a result of becoming older. The natural lens inside your eye thickens and loses flexibility over time. Presbyopia is caused by a problem with the eye's lens, which is located below the iris (coloured area) and pupil. Light is bent (or refracted) by the eye's lens to focus it straight onto the retina, which is the light-sensitive tissue at the back of the eye.

Drivers

Increasing prevalence of chronic diseases
The rising prevalence of chronic diseases across the globe is estimated to enhance the market's growth. Chronic diseases such as multiple sclerosis, diabetes, or cardiovascular diseases will increase the risk of premature presbyopia, propelling the growth rate of the presbyopia market. According to World Health Organization (WHO), cardiovascular diseases (CVDs) claimed the lives of 17.9 million individuals worldwide in 2019, accounting for 32% of all deaths.

Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of presbyopia market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.

Growing number of geriatric population
The surging geriatric population is estimated to enhance the market's expansion during the forecast period of 2022-2029. According to the World Health Organization (WHO), the worldwide geriatric population, estimated to be over 524 million in 2010, is expected to increase to nearly 2 billion by 2050. Due to their compromised immune systems, geriatrics are more susceptible to presbyopia diseases, further estimated to enhance the 'market's growth rate.

Recent Development

In October 2021, Allergan announced the U.S. Food and Drug Administration (FDA) approval of VUITY (pilocarpine HCl ophthalmic solution) 1.25%. It is used for treating presbyopia, commonly known as age-related blurry near vision, in adults. VUITY is a prescription eye drop which works by improving near and intermediate vision without impacting distance vision.
Presbyopia Market Scope
The presbyopia market is segmented on the basis of diagnosis, treatment, symptoms, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Diagnosis

Eye Exam
Others
Symptoms

Eye Strain
Headaches
Fatigue
Blurred Vision
Others
Treatment

Eyeglasses
Office Progressives
Progressive Multifocals
Bifocals
Trifocals
Prescription Reading Glasses
Contact Lenses
Modified Monovision
Monovision Contact Lenses
Bifocal Contact Lenses
Refractive Surgery
Photorefractive Keratectomy (PRK)
Laser-Assisted Subepithelial Keratectomy (LASEK)
Laser-Assisted in Situ Keratomileusis (LASIK)
Conductive Keratoplasty
Lens Implants
Others
Some of the major players operating in the presbyopia market are:

F. Hoffmann-La Roche Ltd. (Switzerland)
Mylan N.V. (US)
Teva Pharmaceutical Industries Ltd.(Israel)
Sanofi (France)
Pfizer Inc. (US)
GlaxoSmithKline plc (UK)
Novartis AG (Switzerland)
AstraZeneca (UK)
Johnson & Johnson Private Limited (US)
Sun Pharmaceutical Industries Ltd. (India)
Merck & Co., Inc. (US)
Bausch Health Companies Inc. (Canada)
Allergan (Ireland)
Abbott (US)
Alcon Vision LLC (Switzerland)
Orasis Pharmaceuticals, Inc. (US)
NIDEK CO., LTD. (Japan)
Ziemer Ophthalmic Systems (Switzerland)
ZEISS International (US)
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:

What are the key growth parameters for this global market during the forecast period?
Which key players are expected to hold the largest market share over the forecast period?
Who are the leading vendors and manufacturers in this market?
What are the key strategies adopted by leading players in the market for business development and geographical expansion?
Which end-use industries can trigger high demand in the market over the forecast period?
What are the key segments in this market?
Which regional player will have anticipated leading the global market in terms of size?
What is the impact of the novel coronavirus pandemic?
Which obstacles must new players overcome in order to occupy a major position?
Key highlights of this Market report:

Growth rate
Remuneration prediction
Consumption graph
Market concentration ratio
Secondary industry competitors
Competitive structure
Major restraints
Market drivers
Regional bifurcation
Competitive hierarchy
Current market tendencies
Market concentration analysis
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