What is Myopia Management System?
Nearsightedness, also known as myopia, is a vision condition in which surrounding objects can be clearly seen but not those farther away. When the shape and form of a building refracts light rays improperly, this phenomenon arises. The images are centred in front of the retina rather than on it, as is typical. Myopia may be severe or mild, and it affects both children and adults. In certain cases, this disorder is inherited. Vision problems are one of the most common signs. Myopia managment system is a treatment regimen recommended by eye physicians to avoid or delay the progression of myopia. Many optometrists claim that widely prescribed single-vision glasses and contact lenses can actually hasten the development of myopia.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Zeiss International (Germany), Essilor Ltd. (France), Bausch & Lomb (United States), Johnson & Johnson Vision (United States), Alcon Vision Llc (United States), Topcon Corporation (Japan), Ziemer Ophthalmic Systems AG (Switzerland), Cooper vision (United States), Carl Zeiss Meditec AG (Germany) and Haag-Streit (United Kingdom) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Spectacles, Contact Lenses, Orthokeratology and Eye-Drops) , by application (Simple Myopia, High Myopia and Pathological Myopia) and major geographies. Research Analyst at AMA predicts that Europe Players will contribute to the maximum growth of Global Myopia Management System market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Myopia Management System market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Zeiss International (Germany), Essilor Ltd. (France), Bausch & Lomb (United States), Johnson & Johnson Vision (United States), Alcon Vision Llc (United States), Topcon Corporation (Japan), Ziemer Ophthalmic Systems AG (Switzerland), Cooper vision (United States), Carl Zeiss Meditec AG (Germany) and Haag-Streit (United Kingdom).
Market Overview:
On 3 February 2021 Two of the world’s most prominent vision care leaders have announced a partnership to expand the fast-growing myopia management category and broaden access to emerging, evidence-based technologies and products. CooperCompanies and EssilorLuxottica entered into a joint venture agreement to accelerate commercialization of innovative spectacle lenses from SightGlass Vision, which are designed to reduce the progression of myopia in children.
The market for Myopia Management System is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share.
Market Trend
New Technologies Are Coming, That Help In Early Detection of Myopia
Restraints
- High Cost associated with Myopia Management System
Opportunities
Rising Use of Eye Management System as it Reduces the Chances of Developing Eye Diseases Related to High Myopia in the Long Term
Key highlights of the Global Myopia Management System market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Myopia Management System market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Myopia Management System market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Myopia Management System Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Myopia Management System market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Myopia Management System market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of Myopia Management System, Suppliers of Myopia Management System, Wholesalers, Distributors and Retailers of Myopia Management System, Healthcare Industries and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.