Amblyopia Market | Contrive Datum Insights

Global Amblyopia Market size was valued at USD 4.68 billion in 2022 and is projected to reach USD 6.25 billion by 2030, growing at a CAGR of 4.20% from 2022 to 2030.

Amblyopia Market Overview:

Amblyopia is also known as lazy eye or blurry vision without noticeable changes. Reduced vision in one eye due to abnormal visual development at an early age, from birth to 7 years of age. Early diagnosis is important because early treatment is more effective. Treatment includes a glass eye patch.

The amblyopia market is driven by factors such as the prevalence of hyperopia and myopia, refractive errors and cataracts globally. Additionally, favorable government funding for ophthalmic research fuels market growth in developing countries such as Mexico, India, and China. Increasing number of eye patches or spectacles at affordable cost fuels the growth of the amblyopia market.

Additionally, increasing importance of ophthalmologists for regular check-ups to check the effectiveness of prescription eyeglasses in improving vision is estimated to drive expansion opportunities in the global amblyopia treatment market. However, lack of awareness about amblyopia treatment and lack of stringent government regulations for new treatment methods in developing countries are challenging the growth of the global amblyopia market. In addition, lack of availability of resources and technological advances restrain the market growth.

Key Market Updates:

• In March 2021, NovaSight applied for FDA 510(k) approval of CureSight for the treatment of amblyopia. The device trains the brain to use both eyes simultaneously while the user watches a video through the 3D glasses.
• In November 2020, EYEBAB entered into a distribution agreement with US company Vivid Vision. The new deal means that EYEBAB's accredited vision training platform is now available in Canadian and US distribution, and will be available globally across Vivid Vision's large professional network.
• In October, HOYA Vision Care announced a partnership with Orbis International, a global organization that advises, educates and inspires local eye care professionals to protect their vision within their group.

Major Market Segments Covered in Amblyopia Market Industry Research:
Market Key Players:

• Amblyopia (Holding) Pty Ltd
• Amblyotech Inc
• Good-Lite Co
• Vivid Vision Inc.
• Cooper Vision
• Johnson & Johnson
• Novartis AG
• Carl Zeiss AG
• HOYA Corporation
• Krafty Eye Patches

• Amblyopia (Holding) Pty Ltd is an Australian company that develops and markets amblyopia treatment devices. The company's flagship product is the Amblyopia Patcher, which is a wearable device that helps to train the brain to use the weaker eye.
• Amblyotech Inc is a US-based company that develops and markets amblyopia treatment software. The company's flagship product is the Amblyotech Vision Therapy System, which is a computer-based program that helps to improve visual acuity and binocular vision in children with amblyopia.
• Good-Lite Co is a US-based company that manufactures and markets lighting products for healthcare, education, and commercial applications. The company's amblyopia treatment products include a variety of eye patches and atropine drops.
• Vivid Vision Inc is a US-based company that develops and markets amblyopia treatment software. The company's flagship product is the Vivid Vision System, which is a computer-based program that uses eye-tracking technology to deliver personalized visual exercises to children with amblyopia.
• Cooper Vision is a US-based company that manufactures and markets contact lenses, intraocular lenses, and other ophthalmic products. The company's amblyopia treatment products include a variety of contact lenses and atropine drops.

• Strabismus amblyopia
• Refractive amblyopia
• Deprivation amblyopia
• Reverse amblyopia

• Strabismus amblyopia is a type of amblyopia that occurs when the eyes are not aligned properly. This can cause the brain to ignore the image from one eye, which can lead to decreased vision in that eye. Strabismus amblyopia is the most common type of amblyopia.
• Refractive amblyopia is a type of amblyopia that occurs when there is a refractive error in one eye, such as nearsightedness, farsightedness, or astigmatism. This can cause the brain to ignore the image from the eye with the refractive error, which can lead to decreased vision in that eye. Refractive amblyopia is the second most common type of amblyopia.
• Deprivation amblyopia is a type of amblyopia that occurs when there is a blockage of vision in one eye, such as from a cataract, corneal scar, or eyelid droop. This can cause the brain to ignore the image from the eye with the blockage, which can lead to decreased vision in that eye. Deprivation amblyopia is the least common type of amblyopia.
• Reverse amblyopia is a condition in which the brain starts to favor the eye that was previously amblyopic. This can happen if the amblyopic eye is treated with patching or atropine drops, or if the other eye develops a problem, such as a cataract or strabismus. Reverse amblyopia is a rare condition.

By Diagnosis

• Visual acuity tests
• Photo screening
• Bruckner test
• Others

By Treatment

• Eye patches
• Atropine drops
• Glasses
• Video game
• Others

By Application:

• Hospitals & pharmacies
• Ophthalmic clinics

Hospitals: Hospitals are large medical facilities that provide a wide range of healthcare services, including inpatient and outpatient care, surgery, and emergency services. Some hospitals have specialized departments, such as ophthalmology departments, which provide care for eye diseases and disorders.

Pharmacies: Pharmacies are retail stores that sell prescription and over-the-counter medications, as well as other health-related products, such as eyeglasses and contact lenses. Pharmacists can provide medication counseling and advice on how to take medications safely and effectively.

Ophthalmic clinics: Ophthalmic clinics are medical offices that specialize in the diagnosis and treatment of eye diseases and disorders. Ophthalmologists, who are doctors who specialize in eye care, work in ophthalmic clinics.

Based on Region:

The global amblyopia market is segmented by region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America: North America is the largest market for amblyopia treatment, accounting for a market share of 37.6% in 2022. This is attributed to the presence of advanced technologies in the medical industry, easy availability of resources, and increasing awareness about amblyopia among parents and healthcare professionals.

Europe: Europe is the second largest market for amblyopia treatment, accounting for a market share of 29.4% in 2022. This is attributed to the presence of a large number of ophthalmologists and ophthalmic clinics, increasing government funding for the early detection and treatment of amblyopia, and rising awareness about the condition among parents and healthcare professionals.

Asia Pacific: Asia Pacific is the fastest-growing market for amblyopia treatment, with a CAGR of 5.5% from 2022 to 2030. This is attributed to the rising prevalence of amblyopia in the region, increasing disposable income, and growing awareness about the condition among parents and healthcare professionals.

Latin America: Latin America is the third largest market for amblyopia treatment, accounting for a market share of 14.4% in 2022. This is attributed to the rising prevalence of amblyopia in the region, increasing government funding for the early detection and treatment of amblyopia, and growing awareness about the condition among parents and healthcare professionals.

Middle East & Africa: Middle East & Africa is the smallest market for amblyopia treatment, accounting for a market share of 8.6% in 2022. This is attributed to the low awareness about the condition among parents and healthcare professionals, lack of access to healthcare facilities, and low disposable income.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

• Market dynamics: The amblyopia market is driven by the increasing prevalence of amblyopia, increasing government funding, and growing awareness about the condition. However, the market is also facing some challenges, such as high cost of treatment, lack of access to healthcare facilities, and side effects of treatment.

• Restraints: The amblyopia market is facing some restraints, such as:

  • High cost of treatment: The cost of treatment for amblyopia can be high, which can be a barrier for some people.

  • Lack of access to healthcare facilities: In some parts of the world, there is a lack of access to healthcare facilities, which can make it difficult for people to get treatment for amblyopia.

  • Side effects of treatment: Some of the treatments for amblyopia can have side effects, such as blurred vision, headaches, and eye strain.

• Drivers: The amblyopia market is driven by the following factors:

  • Increasing prevalence of amblyopia: The prevalence of amblyopia is increasing globally, due to a number of factors, including the rising incidence of refractive errors, strabismus, and other eye diseases.

  • Increasing government funding: Governments in various countries are increasing funding for the early detection and treatment of amblyopia. This is being done in order to improve the quality of life for people with amblyopia and to reduce the economic burden of the condition.

  • Growing awareness: There is a growing awareness about amblyopia among parents and healthcare professionals. This is due to the increasing number of educational campaigns and initiatives that are being undertaken to raise awareness about the condition.

• Trends: The amblyopia market is following some trends, such as:

  • Development of new and innovative treatment options: There is a growing trend towards the development of new and innovative treatment options for amblyopia. These new treatment options are aimed at improving the efficacy and safety of existing treatment options.

  • Increasing use of telemedicine: There is an increasing trend towards the use of telemedicine for the diagnosis and treatment of amblyopia. Telemedicine allows patients to receive care from a specialist without having to travel to a clinic.

• Challenges: The amblyopia market is facing some challenges, such as:

  • Lack of awareness: There is still a lack of awareness about amblyopia among parents and healthcare professionals in some parts of the world. This can make it difficult for people to get diagnosed and treated for the condition.

  • Economic burden: The economic burden of amblyopia can be significant, due to the cost of treatment and the loss of productivity. This can be a barrier for some people in getting treatment for the condition.

• Opportunity: The amblyopia market is still in its early stages of development, and there is a lot of opportunity for growth. The development of new and innovative treatment options, the increasing use of telemedicine, and the growing awareness about amblyopia are all factors that are expected to drive the growth of the market in the future.

Scope of report:

Conclusion:
                  In conclusion, the treatment landscape for amblyopia has seen some advancements in recent years, including alternative approaches such as binocular treatments and pharmacological interventions. However, the market for amblyopia treatments remains a specialized field, and further research and development are needed to enhance treatment options and improve patient outcomes. It is recommended to consult with healthcare professionals and stay updated with the latest advancements in amblyopia management.