According to the latest study titled ‘Global Lenses for Myopia Control Market - Analysis By Lens Type, Contact Lens, Spectacle Lens, Age, Sales Channel, Distribution Channel, Region, Country (2021 Edition): Market Insights, Covid -19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global lenses for myopia control market was worth USD 24943.84 million in 2019 and is anticipated to register notable gains during  2020-2025.
 

As per the report findings, global lenses for myopia control market growth is boosted by increasing prevalence of myopia, rise in risks for vision impairment due to pathologic conditions like glaucoma, cataract, and retinal damage.
 

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On the contrary, stringent lockdowns imposed in several countries due to the COVID-19 pandemic has hampered the remuneration scope of the industry.
 

Based on lens type, global lenses for myopia control industry is bifurcated into contact lens (single vision, multifocal, spherical lenses, progressive addition lenses (PAL), and others) and spectacle lens (concave lens, single vision, progressive, and others).  The contact lens segment is likely to capture a major market share during 2020-2025, attributable to surging awareness about eye defects, and consumer preference for contact lenses. Also, companies are making efforts to diversify their product portfolio, which is driving the segmental share.
 

Meanwhile, spectacle lens segment accounted for significant market share in the past year, owing to rising cases of myopia in young people, caused by a huge amount of time spent on smartphones and laptops.
 

By age, the marketplace is split into 10-14 years, 15-19 years, 20-24 years, and 25 year & above. On the basis of sales channel, the business sphere is fragmented into online, ECPs, optical shops, and others. In terms of distribution channel, the market is classified into distributors, direct from manufacturers, and others.
 

The geographical terrain of worldwide lenses for myopia market is defined by North America, Asia Pacific, and Europe. Among these, North America is expected to hold considerable market share during 2020-2025, due the presence of several key manufacturers with increasing production capacity to meet the lens demand from people suffering from myopia.
 

Major players like Lucid Korea Co., Ltd., EssilorLuxottica SA, SynergEyes, Inc., Seed Co., Ltd., Hoya Corporation, Carl Zeiss AG, Alcon Laboratories, Inc., Bausch Health Companies, Inc., The Cooper Companies, Inc., and Johnson & Johnson are profiled in global lenses for myopia control market.