Presbyopia Correction Device Market Insights and Growth by 2031
Presbyopia is the gradual loss of your eye's ability to focus on nearby objects. It's a natural, often annoying part of aging. Presbyopia usually becomes noticeable in your early to mid-40s and continues to worsen until around age 65. Presbyopia correction device is the device that dynamically, and automatically, corrects presbyopia by means of a couple of optoelectronics lenses driven by pupil tracking. The system is completely portable providing a high range of defocus correction up to 10 D.
MARKET SCOPE
The "Global Presbyopia Correction Device Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Presbyopia Correction Device market with detailed market segmentation by type and application. The report provides key statistics on the market status of the leading Presbyopia Correction Device market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type the market is segmented as, glucagon-like peptides, H2 blockers, proton pump inhibitors, and others.
- Based on the application the market is segmented as, age 40-50, age 50-65, and age above 65.
MARKET DYNAMICS
Drivers:
- Rising prevalence of Presbyopia.
- Increasing geriatric and adult population with active presbyopia.
- Extensive R&D efforts by medical device companies to develop advanced technologies to correct presbyopia are expected to fuel market growth.
Restraints:
- Whereas, the high cost of treatment for presbyopia is expected to restrain the market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Presbyopia Correction Device market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social, and technological factors affecting the Presbyopia Correction Device market in these regions.
IMPACT OF COVID-19 ON PRESBYOPIA CORRECTION DEVICE MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South and Central America. The Presbyopia Correction Device market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South and Central America after evaluating political, economic, social, and technological factors affecting the Presbyopia Correction Device market in these regions.
IMPACT OF COVID-19 ON PRESBYOPIA CORRECTION DEVICE MARKET
COVID-19 first began in Wuhan (China) in December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Few companies have already announced possible delays in product deliveries and slumps in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Presbyopia Correction Device market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnerships & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market payers from the Presbyopia Correction Device market are anticipated to lucrative growth opportunities in the future with the rising demand for Presbyopia Correction Device in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Presbyopia Correction Device market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ACUFOCUS
- REFOCUS GROUP
- REVISION OPTICS
- PRESBIA
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Presbyopia Correction Device Market - By Type
1.3.2 Presbyopia Correction Device Market - By Application
1.3.3 Presbyopia Correction Device Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PRESBYOPIA CORRECTION DEVICE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PRESBYOPIA CORRECTION DEVICE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PRESBYOPIA CORRECTION DEVICE MARKET - GLOBAL MARKET ANALYSIS
6.1. PRESBYOPIA CORRECTION DEVICE - GLOBAL MARKET OVERVIEW
6.2. PRESBYOPIA CORRECTION DEVICE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. PRESBYOPIA CORRECTION DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CORNEAL INLAYS
7.3.1. Overview
7.3.2. Corneal Inlays Market Forecast and Analysis
7.4. SCLERAL IMPLANTS
7.4.1. Overview
7.4.2. Scleral Implants Market Forecast and Analysis
8. PRESBYOPIA CORRECTION DEVICE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. AGE 40-50
8.3.1. Overview
8.3.2. Age 40-50 Market Forecast and Analysis
8.4. AGE 50-65
8.4.1. Overview
8.4.2. Age 50-65 Market Forecast and Analysis
8.5. AGE ABOVE 65
8.5.1. Overview
8.5.2. Age above 65 Market Forecast and Analysis
9. PRESBYOPIA CORRECTION DEVICE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Presbyopia Correction Device Market Overview
9.1.2 North America Presbyopia Correction Device Market Forecasts and Analysis
9.1.3 North America Presbyopia Correction Device Market Forecasts and Analysis - By Type
9.1.4 North America Presbyopia Correction Device Market Forecasts and Analysis - By Application
9.1.5 North America Presbyopia Correction Device Market Forecasts and Analysis - By Countries
9.1.5.1 United States Presbyopia Correction Device Market
9.1.5.1.1 United States Presbyopia Correction Device Market by Type
9.1.5.1.2 United States Presbyopia Correction Device Market by Application
9.1.5.2 Canada Presbyopia Correction Device Market
9.1.5.2.1 Canada Presbyopia Correction Device Market by Type
9.1.5.2.2 Canada Presbyopia Correction Device Market by Application
9.1.5.3 Mexico Presbyopia Correction Device Market
9.1.5.3.1 Mexico Presbyopia Correction Device Market by Type
9.1.5.3.2 Mexico Presbyopia Correction Device Market by Application
9.2. EUROPE
9.2.1 Europe Presbyopia Correction Device Market Overview
9.2.2 Europe Presbyopia Correction Device Market Forecasts and Analysis
9.2.3 Europe Presbyopia Correction Device Market Forecasts and Analysis - By Type
9.2.4 Europe Presbyopia Correction Device Market Forecasts and Analysis - By Application
9.2.5 Europe Presbyopia Correction Device Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Presbyopia Correction Device Market
9.2.5.1.1 Germany Presbyopia Correction Device Market by Type
9.2.5.1.2 Germany Presbyopia Correction Device Market by Application
9.2.5.2 France Presbyopia Correction Device Market
9.2.5.2.1 France Presbyopia Correction Device Market by Type
9.2.5.2.2 France Presbyopia Correction Device Market by Application
9.2.5.3 Italy Presbyopia Correction Device Market
9.2.5.3.1 Italy Presbyopia Correction Device Market by Type
9.2.5.3.2 Italy Presbyopia Correction Device Market by Application
9.2.5.4 Spain Presbyopia Correction Device Market
9.2.5.4.1 Spain Presbyopia Correction Device Market by Type
9.2.5.4.2 Spain Presbyopia Correction Device Market by Application
9.2.5.5 United Kingdom Presbyopia Correction Device Market
9.2.5.5.1 United Kingdom Presbyopia Correction Device Market by Type
9.2.5.5.2 United Kingdom Presbyopia Correction Device Market by Application
9.2.5.6 Rest of Europe Presbyopia Correction Device Market
9.2.5.6.1 Rest of Europe Presbyopia Correction Device Market by Type
9.2.5.6.2 Rest of Europe Presbyopia Correction Device Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Presbyopia Correction Device Market Overview
9.3.2 Asia-Pacific Presbyopia Correction Device Market Forecasts and Analysis
9.3.3 Asia-Pacific Presbyopia Correction Device Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Presbyopia Correction Device Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Presbyopia Correction Device Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Presbyopia Correction Device Market
9.3.5.1.1 Australia Presbyopia Correction Device Market by Type
9.3.5.1.2 Australia Presbyopia Correction Device Market by Application
9.3.5.2 China Presbyopia Correction Device Market
9.3.5.2.1 China Presbyopia Correction Device Market by Type
9.3.5.2.2 China Presbyopia Correction Device Market by Application
9.3.5.3 India Presbyopia Correction Device Market
9.3.5.3.1 India Presbyopia Correction Device Market by Type
9.3.5.3.2 India Presbyopia Correction Device Market by Application
9.3.5.4 Japan Presbyopia Correction Device Market
9.3.5.4.1 Japan Presbyopia Correction Device Market by Type
9.3.5.4.2 Japan Presbyopia Correction Device Market by Application
9.3.5.5 South Korea Presbyopia Correction Device Market
9.3.5.5.1 South Korea Presbyopia Correction Device Market by Type
9.3.5.5.2 South Korea Presbyopia Correction Device Market by Application
9.3.5.6 Rest of Asia-Pacific Presbyopia Correction Device Market
9.3.5.6.1 Rest of Asia-Pacific Presbyopia Correction Device Market by Type
9.3.5.6.2 Rest of Asia-Pacific Presbyopia Correction Device Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Presbyopia Correction Device Market Overview
9.4.2 Middle East and Africa Presbyopia Correction Device Market Forecasts and Analysis
9.4.3 Middle East and Africa Presbyopia Correction Device Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Presbyopia Correction Device Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Presbyopia Correction Device Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Presbyopia Correction Device Market
9.4.5.1.1 South Africa Presbyopia Correction Device Market by Type
9.4.5.1.2 South Africa Presbyopia Correction Device Market by Application
9.4.5.2 Saudi Arabia Presbyopia Correction Device Market
9.4.5.2.1 Saudi Arabia Presbyopia Correction Device Market by Type
9.4.5.2.2 Saudi Arabia Presbyopia Correction Device Market by Application
9.4.5.3 U.A.E Presbyopia Correction Device Market
9.4.5.3.1 U.A.E Presbyopia Correction Device Market by Type
9.4.5.3.2 U.A.E Presbyopia Correction Device Market by Application
9.4.5.4 Rest of Middle East and Africa Presbyopia Correction Device Market
9.4.5.4.1 Rest of Middle East and Africa Presbyopia Correction Device Market by Type
9.4.5.4.2 Rest of Middle East and Africa Presbyopia Correction Device Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Presbyopia Correction Device Market Overview
9.5.2 South and Central America Presbyopia Correction Device Market Forecasts and Analysis
9.5.3 South and Central America Presbyopia Correction Device Market Forecasts and Analysis - By Type
9.5.4 South and Central America Presbyopia Correction Device Market Forecasts and Analysis - By Application
9.5.5 South and Central America Presbyopia Correction Device Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Presbyopia Correction Device Market
9.5.5.1.1 Brazil Presbyopia Correction Device Market by Type
9.5.5.1.2 Brazil Presbyopia Correction Device Market by Application
9.5.5.2 Argentina Presbyopia Correction Device Market
9.5.5.2.1 Argentina Presbyopia Correction Device Market by Type
9.5.5.2.2 Argentina Presbyopia Correction Device Market by Application
9.5.5.3 Rest of South and Central America Presbyopia Correction Device Market
9.5.5.3.1 Rest of South and Central America Presbyopia Correction Device Market by Type
9.5.5.3.2 Rest of South and Central America Presbyopia Correction Device Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PRESBYOPIA CORRECTION DEVICE MARKET, KEY COMPANY PROFILES
11.1. ACUFOCUS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. REFOCUS GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. REVISION OPTICS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. PRESBIA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.ACUFOCUS
2.REFOCUS GROUP
3.REVISION OPTICS
4.PRESBIA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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