Myopia And Presbyopia Eye Drops Market Driven By Large Patient Population And Increasing Adoption Of Prescription Eye Drops
myopia and presbyopia eye drops market The myopia and presbyopia eye drops market is estimated to be valued at US$ 52.7 million in 2023 and is expected to exhibit a CAGR of 74.3% over the forecast period of 2021-2028, as highlighted in a new report published by Coherent Market Insights. Market Overview: Myopia and presbyopia are the most common vision disorders worldwide. Myopia refers to nearsightedness, where the eyes have difficulty focusing on distant objects. Presbyopia causes the inability to focus on nearby objects and is associated with aging. The major causes of increased prevalence are extensive use of digital devices and lack of outdoor activities. Several pharmaceutical companies are developing eye drop formulations of existing pharmaceuticals to provide prescription alternatives to eyeglasses and contacts. Market Dynamics: The myopia and presbyopia eye drops market is driven by the large patient population suffering from these conditions globally. An estimated ...