Myopia Control Lenses Market is estimated to be valued at USD 1.91 Bn in 2025 and is expected to reach USD 4.69 Bn by 2032, growing at a compound annual growth rate (CAGR) of 13.7% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 1.91 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
13.70%
2032 Value Projection:
USD 4.69 Bn
Nearsightedness is a major problem among children and young adults as it can lead to real eye problems later in life, including serious retinal diseases and vision loss. Studies have shown that myopia can progress to a more dangerous level by the time a child is a teen or young adult. For instance, in March 2021, a study published by British Journal of Ophthalmology concluded that myopia progression among children aged 7-9 years (33.1%) and 10-12 years (29.4%) was higher as compared to other groups (at most 22.1%). Even amounts of nearsightedness -4.00 units or more, increases the risk of myopia progressing into a more serious form by the time the child reaches teen age, so it is important to treat myopia early to prevent it from getting worse.
Various treatments are available to control myopia, among which the latest myopia control method involves a special contact lens that is designed to simultaneously correct myopia and prevent myopia progression. It works by using a dual-focus approach whereby the central area of the lens contains myopia correction and alternating rings surround this region, with each ring being configured to provide either myopia control or near addition.
Market Dynamics
The major driving factor that is responsible for boosting the myopia control lenses market growth is the ever-increasing incidence of myopia, mostly among the children and the growing adults. With its rise, there is increase in demand for solutions to control its spread which ultimately requires the adoption of myopia control lenses as a preventative measure to address the problem and lower the possible hazards which is motivated by the increased awareness of and concern for eye health. In August 2023, according to an article published by Modern Optometry, the myopia's global incidence is increasing, rising from 27% in 2010 to 33% in 2020. It is anticipated that 52% of the global population will be myopic by 2050, with 10% of those people having extreme myopia.
Also, the market for myopia control lenses has grown significantly as a result of the continuous progress in lens technology. Manufacturers are creating specialty lenses with cutting-edge materials and designs to effectively stop the growth of myopia. The growing number of clinical studies and scientific evidence proves the effectiveness of myopia control lenses which had a significant impact on market expansion. Strong proof for the efficiency of myopia control lenses has been presented by numerous studies, which has enhanced their acceptance and endorsement by eyecare specialists. For instance, on April 27, 2023, EssilorLuxottica, a manufacturer of high-quality vision care products, revealed the four-year clinical study findings of its myopia control innovation Essilor Stellest lens for the first time at the 2023 ARVO annual meeting in New Orleans,U.S.. The findings reveal that Essilor Stellest lenses continue to be effective in decreasing myopia progression and axial eye elongation in children in their fourth year.
However, the limited cognizance about controlling myopia amongst the population and the high cost of myopia lenses being high (for ex: orthokeratology lenses), is expected to hinder the market growth of the global myopia control lenses market over the fasted period.
Key features of the study:
This report provides in-depth analysis of the global myopia control lenses market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global myopia control lenses market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Essilor International, Johnson & Johnson Vision, CooperVision, Hoya Corporation, Zeiss Group, Bausch + Lomb, Menicon Co., Ltd., SEED Co., Ltd., Alcon (Novartis), Visioneering Technologies, Inc., Paragon Vision Sciences, Euclid Systems Corporation, Art Optical Contact Lens, Inc., SynergEyes, Inc., Nevakar Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global myopia control lenses market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global myopia control lenses market
Global Myopia Control Lenses Market Detailed Segmentation:
By Product Type:
Spectacle Lens
Contact Lens
By Lens Type:
Multifocal LensesOrthokeratology Lenses
Dual-focus Lenses
Peripheral Defocus Lenses
By Age Group:
Children
Adults
By Distribution Channel:
Optometry Clinics
Optical Retail Stores
Online Retail
By Geography:
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Company Profile:
Essilor International
Johnson & Johnson Vision
CooperVision
Hoya Corporation
Zeiss Group
Bausch + Lomb
Menicon Co., Ltd.
SEED Co., Ltd.
Alcon (Novartis)
Visioneering Technologies, Inc.
Paragon Vision Sciences
Euclid Systems Corporation
Art Optical Contact Lens, Inc.
SynergEyes, Inc.
Nevakar Inc.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Product Type
Market Snippet, By Lens Type
Market Snippet, By Age Group
Market Snippet, By Distribution Channel
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Rising prevalence of myopia
Growing awareness and concern for eye health
Advancements in lens technology
Scientific research and evidence
Restraints
Limited awareness and education
Affordability and accessibility
Compliance and adaptation challenges
Opportunities
Increasing demand for pediatric myopia management
Expansion in emerging markets
Collaboration with eyecare professionals
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions and Collaborations
4. Global Myopia Control Lenses Market - Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Myopia Control Lenses Market, By Product Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Contact Lens
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Spectacle Lens
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
6. Global Myopia Control Lenses Market, By Lens Type, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Multifocal Lenses
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Orthokeratology Lenses
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Dual-focus Lenses
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Peripheral Defocus Lenses
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
7. Global Myopia Control Lenses Market, By Age Group, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Children
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Adults
Introduction
Market Size and Forecast, and Y-o-Y Growth, 20218-2032,(US$ Bn)
8. Global Myopia Control Lenses Market, By Distribution Channel, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Optometry Clinics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Optical Retail Stores
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Online Retail
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
9. Global Myopia Control Lenses Market, By Region, 2020-2032, (US$ Bn)
Introduction
Market Share Analysis, By Country, 2025 and 2032 (%)
Y-o-Y Growth Analysis, For Country 2021 -2032
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Lens Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Age Group, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Lens Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Age Group, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
Germany
U.K
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Lens Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Age Group, 20183-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Lens Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Age Group, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Lens Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Age Group, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2020-2032,(US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Lens Type, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Age Group, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2020-2032,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2020-2032,(US$ Bn)