According to the latest study on “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.
The report presents the market competitive landscape and consistent in-depth analysis of the major vendor/key players in the market along with the impact of economic slowdown due to COVID.
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.
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.
Competitive Landscape: 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.
To comprehend global Vision Care market dynamics in the world mainly, the worldwide market is analyzed across major global regions: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, UAE, Egypt and South Africa)
The Key Highlights of the Report:
- Estimates on market size by key regions/countries, product type and application, history data from 2021 to 2028, and forecast to 2028.
- The structure of global Vision Care market by identifying its various sub-segments
- Analysis of the value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- Detailed information about the key factors influencing the growth of the market including growth potential, opportunities, drivers, industry-specific challenges and risks.
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
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