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Vision Care Market Will Escalate Rapidly in the Near Future
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Vision Care Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product, and Distribution Channel, the market was valued at US$ 66,934.51 million in 2019 and is projected to reach US$ 93,817.82 million by 2027; it is expected to grow at a CAGR of 4.5% during 2020–2027. The report highlights the trends prevailing in the global vision care market, and drivers and deterrents pertaining to the market growth.
Based on product type, the vision care market is segmented into eye glasses, contact lens, intraocular lens, and others. In 2019, the eye glasses segment accounted for a larger share of the market. The growth of the segment is attributed to rising eye related disorders.
Growing prevalence of eye diseases and rising funds for eye care research are driving the growth of the vision care market. However, the disadvantages associated with contact lens can impede the market growth. Further, the increasing awareness about vision care offer significant opportunities for the growth of the global vision care market.
Alcon Inc, Bausch Health Companies Inc, Carl Zeiss AG, Cooper Companies Inc, Essilorluxottica SA, Johnson And Johnson Services Inc., Hoya Corporation, Rodenstock Gmbh, Menicon Co. Ltd, Rayner Intraocular Lenses Limited are among the prominent players in the vision care market. These companies are focused on partnerships, product launches, collaborations, and other business strategies to sustain their position in the market. For instance, in February 2021, The company received CE Mark for its multifocal contact lens, Acuvue Oasys multifocal with pupil optimized design for Europe. it will be used for patients with presbyopia.
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The report segments the global vision care market as follows:
By Product Type
- Eye Glasses
- Contact Lens
- Intraocular Lens
By Distribution Channel
- Retail Stores
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- South and Central America
- Rest of South and Central America
Vision Care Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type (Eye Glasses, Contact Lens, Intraocular Lens, Others); Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals)
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
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