According to the report 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 MarketStudyReport, global lenses for myopia control market was valued at USD 24943.84 million in the year 2019 and is expected to witness exponential growth during the period 2020-2025.
 

Growing prevalence of myopia, combined with increased risk of vision impairment like retinal damage, glaucoma, cataract, and others associated with the disease are factors propelling the growth of global lenses for myopia control market.
 

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/3542229/
 

During the COVID-19 pandemic, strict restrictions imposed by governments across counties to curb the spread of the virus hampered the development of the overall industry to some extent.
 

Based on contact lens type, the sphere lens segment is anticipated to garner the maximum share during the projected timeline, owing to the diversified product portfolios of companies offering varied types of lenses, coupled with growing awareness among consumers.
 

In terms of spectacle lens type, the single vision segment of worldwide lenses for myopia control industry is likely to account for a significant share during the forecast period.
 

Concerning age spectrum, the 5 to 9 years age segment is estimated to be the fastest-growing during the analysis period, due to the increased amount of time spent on mobile phones and laptops by the younger population.
 

From a regional standpoint, North America market is poised to witness remarkable growth during the period 2020-2025, because of the presence of renowned manufacturers in the region. Additionally, increased investment by companies in the expansion of product portfolios is bolstering industry growth in the area.
 

The competitive landscape of global lenses for myopia control market is defined by companies such as and Lucid Korea Co. Ltd., SynergEyes, SEED Co. Ltd., The Cooper Companies Inc., Carl Zeiss AG, Johnson & Johnson, HOYA Corporation, EssilorLuxottica S.A., Alcon, and Bausch Health Companies Inc. among others.