Asia-Pacific Presbyopia Market 2022 – Analysis, Market Overview, Growth Factors, Demand, Revenue and Application and Industry Forecast to 2031

Kenneth Research has evaluated the current market opportunities in Asia-Pacific Presbyopia Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.

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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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.

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. 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.

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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.

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.

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