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Leveraging a robust research methodology and meticulous data analysis, this report provides an in-depth exploration of the Presbyopia Market. Our team of experts has compiled and analyzed extensive data sets, encompassing consumer behavior, market trends, and competitor analysis. This comprehensive report empowers you with the knowledge required to navigate the complexities of the market and make strategic decisions with confidence.
Go beyond mere market data with Presbyopia Market. This report translates insights into actionable strategies, equipping you with the knowledge to capitalize on emerging opportunities and overcome potential challenges. Our expert analysis provides a roadmap for success, allowing you to optimize your market positioning and achieve your business goals.
Overview of Presbyopia Market
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.
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.
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Dynamics Growth Drivers and Scope of Presbyopia Market
Growth Drivers:
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. 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. 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.
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.
Regional Analysis/Insights of Presbyopia Market:
North America dominates the presbyopia market because of the high prevalence of presbyopia and technological advancement in the treatment in this region. Additionally, rising healthcare expenditure and presence of major key players will further propel the ‘market's growth rate in this region. Asia-Pacific are expected to grow during the forecast period due to increasing number of geriatric population in this region. Also, development of healthcare infrastructure and rising government initiatives will further propel the ‘market's growth rate in this region.
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The major companies which are dealing in the Presbyopia Market:
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)
Key Market Perspectives:
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Thorough examination of prevailing market tendencies
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Updates on the latest product advancements and innovations
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Presbyopia Market Compound Annual Growth Rate (CAGR) for both historic and forecasted years
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Strategies and activities of prominent players and brands in the field
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Insights into the industry landscape for emerging participants
Segmentation of Presbyopia Market:
By Diagnosis (Eye Exam, Others), Treatment (Eyeglasses, Contact Lenses, Refractive Surgery, Lens Implants, Others), Symptoms (Eye Strain, Headaches, Fatigue, Blurred Vision, Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others)
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About Data Bridge Market Research:
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