Coherent Market Insights published a business research report on Myopia & Presbyopia Eye Drops Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2022–2028. Myopia & Presbyopia Eye Drops Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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Nearsightedness is a common vision disorder, characterized by blurry vision at a distance. Symptoms of nearsightedness can include problems seeing faces, television, or reading at a distance. They may also make it difficult to drive, especially at night. While squinting can temporarily improve vision, it often leads to headaches and eye strain. Children with this condition may not be able to verbally communicate their symptoms. However, they may demonstrate signs such as excessive blinking and eye rubbing.
Nearsighted people have long, curved corneas, and irregularly shaped lenses. As a result, light entering the eye is unable to focus properly on the retina. This causes far-away objects to appear fuzzy. Myopia is caused by a defect in the shape of the lens, and the prescription for corrective lenses will be negative (-2) or positive (-3) depending on the severity of the problem. This condition can also lead to fatigue when looking at a distance, which can be particularly problematic when driving or playing sports.
The global myopia & presbyopia eye drops market is expected to record a CAGR of 74.3% during 2021-2028 and was estimated to be valued at US$ 52.7 million in 2021.
R&D of new drugs is expected to propel growth of the global myopia & presbyopia eye drops market over the forecast period. For instance, in October 2020, AbbVie initiated phase 3 trials for assessing the safety, efficacy, and tolerance of AGN-190584 (pilocarpine 1.25%), an ophthalmic solution used for the treatment of presbyopia.
Moreover, high prevalence of myopia is also expected to propel growth of the global myopia & presbyopia eye drops market over the forecast period. The prevalence has increased in rural India from 4.6% in 1980–2008 to 6.8% in 2009–2019, compared to a change from 7.9% to 8.9% in urban India during the same period.
COVID-19 Impact Analysis
The COVID-19 pandemic adversely impacted the supply of raw materials required for the production of eye health supplements. However, the demand for ophthalmic products increased, as patients were advised not to visit hospitals or eye clinics except for emergencies.
Major players operating in the global myopia & presbyopia eye drops market include, AbbVie Inc. (Allergan), Eyenovia, Inc., Jawa Pharmaceuticals (India) Pvt. Ltd., LENZ Therapeutics, Novartis AG, Ocuphire Pharma Inc., Orasis Pharmaceuticals, OSRX Pharmaceuticals, Visus Therapeutics, and Vyluma Inc
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Myopia & Presbyopia Eye Drops Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Myopia & Presbyopia Eye Drops Industry Impact
Chapter 2 Global Myopia & Presbyopia Eye Drops Competition by Types, Applications, and Top Regions and Countries
2.1 Global Myopia & Presbyopia Eye Drops (Volume and Value) by Type
2.3 Global Myopia & Presbyopia Eye Drops (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Myopia & Presbyopia Eye Drops Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Myopia & Presbyopia Eye Drops Market Analysis
Chapter 6 East Asia Myopia & Presbyopia Eye Drops Market Analysis
Chapter 7 Europe Myopia & Presbyopia Eye Drops Market Analysis
Chapter 8 South Asia Myopia & Presbyopia Eye Drops Market Analysis
Chapter 9 Southeast Asia Myopia & Presbyopia Eye Drops Market Analysis
Chapter 10 Middle East Myopia & Presbyopia Eye Drops Market Analysis
Chapter 11 Africa Myopia & Presbyopia Eye Drops Market Analysis
Chapter 12 Oceania Myopia & Presbyopia Eye Drops Market Analysis
Chapter 13 South America Myopia & Presbyopia Eye Drops Market Analysis
Chapter 14 Company Profiles and Key Figures in Myopia & Presbyopia Eye Drops Business
Chapter 15 Global Myopia & Presbyopia Eye Drops Market Forecast (2021-2027)
Chapter 16 Conclusions
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