The 7 major presbyopia markets are expected to exhibit a CAGR of 3.29% during 2024-2034.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2034
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Historical Years
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2018-2023
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Market Growth Rate 2024-2034 | 3.29% |
The presbyopia market has been comprehensively analyzed in IMARC's new report titled "Presbyopia Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Presbyopia is an age-related disorder that affects the ability of the eyes to focus on nearby objects. The ailment develops when the natural lens in the eyes becomes less flexible, making it more difficult for the eye to change focus from distant objects to nearby ones. This results in a decreased ability to read or perform other close-up tasks. Individuals suffering from presbyopia may experience symptoms like blurred vision at normal reading distance, a tendency to hold reading material farther out to make the letters visible, flashes of light, black spots, halos around lights, eyestrain, or headaches following reading or doing close-up work., etc. The diagnosis of this condition requires a combination of underlying indications and medical history. The healthcare professional may perform an eye investigation, such as a refraction assessment and an eye health exam. Additionally, a visual acuity test and slit-lamp examination are recommended to measure vision at distances and assess the structures of the eyes.
The rising incidences of eye disorders, including cataracts and glaucoma, which affect the natural lens of the eye, are primarily driving the presbyopia market. In addition to this, the expanding geriatric population, who are susceptible to alterations in the lens's proteins as well as decreased eye muscles' elasticity, is also augmenting the market growth. Moreover, the widespread adoption of a cholinergic muscarinic receptor agonist eye drop that reduces pupil size by constricting the iris sphincter muscle to enhance near and intermediate visual acuity is creating a positive outlook for the market. Besides this, the escalating utilization of corneal inlay devices, which are implanted at the front of the eye (in the cornea) to help restore close-up vision and increase the depth of focus, is also bolstering the market growth. Additionally, the growing popularity of monovision LASIK surgery, since it permanently changes the shape of the cornea and enhances accurate light focus toward the back of the eye to reduce the need for reading glasses, is acting as another significant growth-inducing factor. Furthermore, the ongoing advancements in intraocular lens implants, which offer a range of treatment options that can provide patients with improved vision and reduced dependence on corrective eyewear, are expected to drive the presbyopia market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the presbyopia market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for presbyopia and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the presbyopia market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current presbyopia marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
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Vuity (Pilocarpine) | AbbVie |
STN1013600 | Santen Pharmaceutical |
AGN-241622 | AbbVie |
Nyxol | Ocuphire Pharma |
CSF-1 | Orasis Pharmaceuticals |
Pilocarpine ophthalmic solution | Eyenovia |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Presbyopia: Current Treatment Scenario, Marketed Drugs and Emerging Therapies