Amblyopia Market Size, Industry & Landscape Outlook, Revenue Growth Analysis to 2027
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| Amblyopia Market |
The global amblyopia market is presumed to expand at 3.80 % CAGR during the forecast period (2017-2023) owing to the increasing prevalence of ophthalmological disorders, asserts Market Research Future (MRFR). Amblyopia, also called lazy eye, is an eye disorder which results in decreased vision in one or both the eyes due to suppressed input from the brain. Amblyopia is mainly caused due to muscle imbalance or refractive error in one or both the eyes. Amblyopia is also caused if the infant is already born with cataract which causes cloudy images and the prevalence rate is 2 to 3 % among the infants.
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Drivers
and Constraints Impacting the Market
There are
mainly four types of amblyopia such as reverse amblyopia, refractive amblyopia,
deprivation amblyopia, and strabismus amblyopia. The global amblyopia market is
mainly driven by the increasing prevalence of ophthalmological disorders like
glaucoma, cataracts, macular degeneration, and refractive errors. With the
increasing prevalence of such disorders, there has been a noticeable increase
in the treatment methodology, thereby influencing the market growth. Moreover,
with increasing support from the government coupled with growing per capita
income, the market is likely to prosper during the assessment period.
On the flip
side, the high cost coupled with limited treatment options is anticipated to
retard the market growth in the coming years.
Global
Amblyopia Market: Segmental Analysis
The global
amblyopia market has been segmented on the basis of type, treatment, diagnosis,
end-user, and region.
By mode of
type, the global amblyopia market has been segmented into strabismus amblyopia,
reverse amblyopia, deprivation amblyopia, refractive amblyopia, and others.
Among these, strabismus amblyopia is the most common type and is mainly caused
due to suppression of the misaligned or deviating eye.
By mode of
diagnosis, the global amblyopia market has been segmented into photo screening,
visual acuity tests, Bruckner test, and others.
By mode of
treatment, the global amblyopia market has been segmented into video game,
atropine drops, glasses, eye patches, and others. Among these, eye patches hold
the largest market share and are anticipated to expand at 3.93 % CAGR during
the assessment period.
By mode of
end-users, the global amblyopia market has been segmented into ophthalmic
clinics, hospitals & pharmacies, and others.
Regional
Insights
Geographically,
the amblyopia market span across regions namely, Europe, America, Asia Pacific,
and the Middle East and Africa.
Among all
the regions, America accounts for the largest market share owing to increasing
prevalence of ophthalmological disorders such as macular degeneration,
cataract, and glaucoma, growth in technological advancements, presence of key
market players, and high expenditure on healthcare.
Europe is
considered to be the second largest market followed by Asia Pacific which is
presumed to expand at the fastest rate with 4.35 % CAGR during the assessment
period. The growth is attributed to the continuously growing economies, rapid
technological development, presence of huge patient population, and high
opportunity for development in this region.
On the
other hand, the Middle East and Africa are considered to register a sluggish
growth rate and account for the least market share during the review period
owing to low income among the population.
Industry
News
A clinical
trial published in BMC Ophthalmology has investigated the visual outcomes of
patients undergoing amblyopia treatment with the Oculus Rift virtual reality
headset has shown positive results. Researchers have studied the effects of
engaging with video games both adults and children suffering from amblyopia.
Alternative approaches, such as dichoptic visual training and video games have
been considered.
Competitive
Dashboard
The major
players operating the global amblyopia market are McKesson Corporation, Johnson
& Johnson, Vivid Vision Inc., Good-Lite Co, Carl Zeiss AG, Amblyotech Inc,
Novartis AG., Amblyoptica (Holding) Pvt. Ltd, HOYA Corporation, Krafty Eye
Patches¸ Fresnel Prism and Lens Co., Hilco Vision, Cooper Vision, and more.
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