Presbyopia Treatment Market is driven by growing elderly population
Presbyopia refers to the age-related loss of ability to focus on nearby objects, which affects almost everyone after the age of 40. It occurs as the natural aging process causes the lens inside the eye to gradually stiffen over time, limiting its ability to change shape and focus on objects at varying distances. Some of the major treatment options for presbyopia include reading glasses, contact lenses, laser surgery and multifocal intraocular lenses. Reading glasses are the most commonly used option as they are inexpensive and easily available. However, contact lenses provide a more aesthetic solution by avoiding the need to wear reading glasses separately. Multifocal contact lenses allow clear vision at all distances by incorporating multiple optical zones into a single lens design.
The presbyopia treatment market is estimated to be valued at USD 19.1 Bn in 2024 and is expected to reach USD 26.4 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
The current geopolitical situations are impacting the growth of the Presbyopia Treatment Market. Presbyopia is a age-related vision impairment where the eyes gradually lose the ability to focus on close objects. It is commonly experienced by adults aged 40 years and above. There has been a rise in the aging population globally which is the primary driver for the growth of this market.
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