Asia-Pacific Presbyopia Market 2021 – Current Sales Analysis, Trends, Opportunities, Development History and Future Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Asia-Pacific Presbyopia Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Asia-Pacific Presbyopia Market products.

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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

Asia-Pacific Presbyopia Treatment Market Analysis 2019-2028

Presbyopia is the progressive deterioration of the eyes to concentrate on surrounding objects. It typically becomes visible in the early to mid-40s and begins to deteriorate until around 65 years of age. The Asia-Pacific presbyopia treatment market accounted for a market value of around USD 1700 million in 2019 and is anticipated to reach around USD 3600 million by 2028, by growing at a CAGR of 8.51% during the forecast period i.e. 2020-2028. Since presbyopia is a lens-based condition, majority of the future solutions are based on the development of intraocular lenses. The future technologies include adjustable intraocular lenses, multifocal intraocular lenses, and others.\

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

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Owing to the rising number of people suffering from presbyopia and the growing geriatric population, the Asia-Pacific presbyopia treatment market is anticipated to expand rapidly over the forecast period. Key players in the presbyopia market in Asia-Pacific are focusing on developments and improvements in presbyopia treatment. The companies provide approved products in the market to increase credibility and brand value in the market.

Leading Companies:

Some of the affluent leaders in the Asia-Pacific presbyopia treatment market are NIDEK CO., LTD, Johnson & Johnson Vision Care, Inc., Alcon Vision LLC, Carl Zeiss AG, Bausch & Lomb Incorporated, Essilor International, Ziemer Ophthalmic Systems AG, Topcon Corporation, Novartis AG and others.

In addition, various manufacturers across the region are adopting massive developments such as user-friendly designs, software upgrades for improved visualization and treatment procedures. Rapidly growing internet penetration across Asia-Pacific countries is making it possible for enterprises to reach out where members are not present at all.

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

The Asia-Pacific presbyopia treatment market consists of various segments that are segmented by age group and treatment type. The market is further segmented by age group less than 40, 40-60-year-old, above 60. Out of these, the 40-60-year-old segment accounted for the largest market share of around 60% in the Asia-Pacific presbyopia treatment market in 2019. Difficulty in reading small print, having to hold reading material farther away, headaches, and eyestrain are some of the symptoms of presbyopia.

On the basis of treatment type, the market is segmented into corrective eyeglasses, contact lenses, refractive surgery, lens implants, and pharmacological treatment. Among them, the corrective eyeglasses segment accounted for the largest market share in 2019. Bifocal eyeglasses or progressive lens eyeglasses are most commonly prescribed by doctors. Typically, a bifocal lens is broken into two parts. To fix distant vision, the larger portion is used, while the smaller lens helps the patient to see up and near. In addition, eyeglasses are considered the easiest and most secure method of treating presbyopia.

Download Sample of This Strategic Report-: https://www.kennethresearch.com/sample-request-10346769

“The Final Report will cover the impact analysis of COVID-19 on this industry.”

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both the macro level as well as micro-level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis of various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keeps a track of the international and domestic market for any economic changes impacting the products’ demand, growth, and opportunities for new and existing players.

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