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Vision Care Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Eye Glasses, Contact Lens, Intraocular Lens, and Others) and Distribution Channel (Retail Stores, E-Commerce, Clinics, and Hospitals)
- Report Code : TIPRE00011953
- Pages : 162
The vision care market is expected to grow from US$ 71,348.94 million in 2021 to US$ 98,968.42 million by 2028; it is estimated to register a CAGR of 4.9% from 2022 to 2028.
The market growth is attributed to the growing prevalence of eye diseases and the development of innovative products. However, the adverse effects of contact lenses on eye health restrain the vision care market growth.
Several players operating in the vision care market are developing and launching new products. The strategic expansion of geographic presence and manufacturing capacities, along with the launch of new products, helps companies cater to a broad customer base. A few of the recent developments contributing to the growth of the vision care market are mentioned below.
• In May 2019, Menicon Co., Ltd launched Menicon Bloom Myopia Control Management System. This leading contact lens developer has received US FDA PMA approval for its Menicon Z Night (tisilfocon A) contact lenses for overnight wear. The Menicon Bloom Night therapy of the company includes the overnight wear of a specifically designed reverse geometry orthokeratology contact lens, which is manufactured using hyper-oxygen-permeable Menicon Z rigid material that guarantees ideal corneal oxygenation for comfortable contact lens wear.
• In August 2019, Alcon, a global leader in eye health, launched PRECISION1 as the latest addition to its portfolio of robust contact lenses. PRECISION1 products are the daily disposable, silicone hydrogel (SiHy) contact lenses. They are the first and only contact lenses manufactured with Alcon’s proprietary SMARTSURFACE technology, which delivers lasting visual performance from morning to night.
• In May 2019, Johnson & Johnson Vision launched Acuvue Oasys contact lenses in the UK. These photochromic contact lenses, backed by the transitions light intelligent technology, would provide eye protection and help in managing stress associated with different light conditions.
• In January 2022, Titan Eye+ introduced Titan EyeX, a new smart eyewear designed for comfort for everyday use. This product is loaded with features such as class audio, touch control, fitness tracker, voice-enabled eye care notifications, sweat resistance, and Android and iOS compatibility.
• In June 2022, Noise launched its first pair of smart eyewear—Noise i1. The newly launched product can be paired with smartphones using Bluetooth 5.1. It has touch controls integrated into one of the stalks of the frames, which can be used to play or pause music, accept or reject phone calls, and activate a voice assistant on the user’s phone.
Rising funds for eye care research is the trend anticipated to positively affect the vision care market growth
Extensive ongoing research across the world to identify new treatments for eye diseases is likely to favor the vision care market growth in the coming years. The NEI supports vision research through ~1,500 research grants and training awards offered to researchers at over 250 medical centers, hospitals, and universities across 44 states in the US and those around the world. The institute also funds trials to develop cutting-edge therapies for blinding diseases. In 2017, the NEI launched a 3D Retina Organoid Challenge Competition (3D-ROC) to develop functioning mini-retinas from human stem cells. It announced the prize money of US$ 1.1 million to the team with the best replication of retina structure and function. The India-U.S. Collaborative Vision Research Program 2020 focuses on advancing science and technology important to understand, prevent, and treat blinding eye diseases, visual disorders, and associated complications. Both the Indian Department of Biotechnology and the US NEI fund this research program.
The Karolinska Institutet, Sweden, offers grants to promote research on eye diseases. In 2020, the institute announced the funding of SEK 50,000–150,000 (US$ 5,912.88–17,738.64) per person for new research projects on eye diseases. In December 2022, Research to Prevent Blindness (RPB) provided an annual grant of US$ 115,000 to the John A. Moran Eye Center at the University of Utah for eyecare research. These funds will be used to provide maximum flexibility to eye research programs to support their progress and expansion, and to foster creative planning beyond the scope of restricted project grants. In December 2021, NIH-funded projects supported the partnership between Kellogg Eye Center and Aravind Eye Hospital (India) to develop a clinical research training program for eyecare specialists. Such training programs are meant to develop the eyecare field in India. Thus, increasing funds for eyecare research are likely to bring new trends in the vision care market to trigger its growth.
Product Type-Based Insights
Based on product type, the vision care market is segmented into eyeglasses, contact lenses, intraocular lenses, and others. The eyeglasses segment held the largest market share in 2021, and it is further expected to grow at the highest CAGR during the forecast period.
Distribution Channel-Based Insights
Based on distribution channel, the vision care market is segmented into retail stores, e-commerce, clinics, and hospitals. The retail stores segment accounted for the largest share of the market in 2021. Further, the e-commerce segment is expected to register the highest CAGR of 9.5% during the forecast period.
The World Health Organization (WHO), the Centers for Disease Control and Prevention (CDC), the Association for Research in Vision and Ophthalmology, the UN Population Division, the Chinese National Health Commission, The Lancet, the International Diabetes Federation (IDF) Diabetes Atlas, National Health Insurance Statistical Yearbook, International Diabetes Federation, Instituto Nacional de Estadística y Censos (INDEC), the Department of Economic and Social Affairs, the Department of Emergency Medicine, the Association for Research in Vision and Ophthalmology, European Vision Institute EEIG, and Brazil Statistical Institute are a few of the major primary and secondary sources referred to while preparing the report on the vision care market.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Vision Care Market – by Product Type
1.3.2 Global Vision Care Market – by Distribution Channel
1.3.3 Global Vision Care Market – by Geography
2. Vision Care Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Vision Care Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 South & Central America PEST Analysis
4.2.5 Middle East & Africa PEST Analysis
4.3 Expert’s Opinion
5. Vision Care Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Prevalence of Eye Diseases
5.1.2 Development of Innovative Products
5.2 Market Restraints
5.2.1 Adverse Effects of Contact Lens on Eye Health
5.3 Market Opportunities
5.3.1 Increasing Awareness of Vision Care
5.4 Future Trends
5.4.1 Rising Funds for Eye Care Research
5.5 Impact Analysis
6. Vision Care Market – Global Analysis
6.1 Global Vision Care Market Revenue Forecast and Analysis
6.2 Global Vision Care Market, by Geography – Forecast and Analysis
6.3 Market Positioning of Key Players
7. Global Vision Care Market – Revenue and Forecast to 2028 – by Product Type
7.1 Overview
7.2 Vision Care Market Revenue Share, by Product Type 2021 & 2028 (%)
7.3 Eye Glasses
7.3.1 Overview
7.3.2 Eye Glasses: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Contact Lens
7.4.1 Overview
7.4.2 Contact Lens: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Intraocular Lens
7.5.1 Overview
7.5.2 Intraocular Lens: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
8. Global Vision Care Market Analysis and Forecasts to 2028 – by Distribution Channel
8.1 Overview
8.2 Global Vision Care Market, by Distribution Channel 2021 & 2028 (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Retail Stores
8.4.1 Overview
8.4.2 Retail Stores: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
8.5 E-Commerce
8.5.1 Overview
8.5.2 E-Commerce: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Clinics
8.7.1 Overview
8.7.2 Clinics: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9. Vision Care Market – Revenue and Forecast to 2028 – Geographic Analysis
9.1 North America: Vision Care Market
9.1.1 Overview
9.1.2 North America: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3 North America: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.1.4 North America: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.1.4.1 US: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 Overview
9.1.4.1.2 US: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.3 US: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.1.4.1.4 US: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.1.4.2 Canada: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 Overview
9.1.4.2.2 Canada: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.3 Canada: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.1.4.2.4 Canada: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.1.4.3 Mexico: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 Overview
9.1.4.3.2 Mexico: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.3 Mexico: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.1.4.3.4 Mexico: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.2 Europe: Vision Care Market
9.2.1 Overview
9.2.2 Europe: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.3 Europe: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.2.4 Europe: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.2.5 Europe: Vision Care Market, by Country, 2021 & 2028 (%)
9.2.5.1 Germany: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.1.1 Overview
9.2.5.1.2 Germany: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.1.3 Germany: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.2.5.1.4 Germany: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.2.5.2 UK: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.1 Overview
9.2.5.2.2 UK: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.3 UK: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.2.5.2.4 UK: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.2.5.3 France: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.1 Overview
9.2.5.3.2 France: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.3 France: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.2.5.3.4 France: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.2.5.4 Italy: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.4.1 Overview
9.2.5.4.2 Italy: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.4.3 Italy: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.2.5.4.4 Italy: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.2.5.5 Spain: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.5.1 Overview
9.2.5.5.2 Spain: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.5.3 Spain: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.2.5.5.4 Spain: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.2.5.6 Rest of Europe: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.6.1 Overview
9.2.5.6.2 Rest of Europe: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.6.3 Rest of Europe: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.2.5.6.4 Rest of Europe: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.3 Asia Pacific: Vision Care Market
9.3.1 Overview
9.3.2 Asia Pacific: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.3 Asia Pacific: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.3.4 Asia Pacific: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.3.5 Asia Pacific: Vision Care Market, by Country, 2021 & 2028 (%)
9.3.5.1 China: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.1.1 Overview
9.3.5.1.2 China: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.1.3 China: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.3.5.1.4 China: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.3.5.2 Japan: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.2.1 Overview
9.3.5.2.2 Japan: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.2.3 Japan: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.3.5.2.4 Japan: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.3.5.3 India: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.3.1 Overview
9.3.5.3.2 India: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.3.3 India: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.3.5.3.4 India: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.3.5.4 South Korea: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.4.1 Overview
9.3.5.4.2 South Korea: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.4.3 South Korea: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.3.5.4.4 South Korea: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.3.5.5 Australia: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.5.1 Overview
9.3.5.5.2 Australia: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.5.3 Australia: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.3.5.5.4 Australia: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.3.5.6 Rest of Asia Pacific: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.6.1 Overview
9.3.5.6.2 Rest of Asia Pacific: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.6.3 Rest of Asia Pacific: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.3.5.6.4 Rest of Asia Pacific: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.4 Middle East & Africa Vision Care Market
9.4.1 Overview
9.4.2 Middle East & Africa: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3 Middle East & Africa: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.4.4 Middle East & Africa: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.4.5 Middle East & Africa: Vision Care Market, by Country, 2021 & 2028 (%)
9.4.5.1 UAE: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.1.1 Overview
9.4.5.1.2 UAE: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.1.3 UAE: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.4.5.1.4 UAE: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.4.5.2 Saudi Arabia: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.2.1 Overview
9.4.5.2.2 Saudi Arabia: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.2.3 Saudi Arabia: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.4.5.2.4 Saudi Arabia: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.4.5.3 South Africa: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.3.1 Overview
9.4.5.3.2 South Africa: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.3.3 South Africa: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.4.5.3.4 South Africa: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.4.5.4 Rest of Middle East & Africa: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.4.1 Overview
9.4.5.4.2 Rest of Middle East & Africa: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.4.3 Rest of Middle East & Africa: Vision Care Market, by Product, 2019–2028 (US$ Million)
9.4.5.4.4 Rest of Middle East & Africa: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.5 South & Central America Vision Care Market
9.5.1 Overview
9.5.2 South & Central America: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.5.3 South & Central America: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.5.4 South & Central America: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.5.5 South & Central America: Vision Care Market, by Country, 2021 & 2028 (%)
9.5.5.1 Brazil: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.1.1 Overview
9.5.5.1.2 Brazil: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.1.3 Brazil: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.5.5.1.4 Brazil: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.5.5.2 Argentina: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.1 Overview
9.5.5.2.2 Argentina: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.3 Argentina: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.5.5.2.4 Argentina: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.5.5.3 Rest of South & Central America: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.3.1 Overview
9.5.5.3.2 Rest of South & Central America: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.3.3 Rest of South & Central America: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.5.5.3.4 Rest of South & Central America: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
10. Impact Of COVID-19 Pandemic on Vision Care Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.5 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Vision Care Market – Industry Landscape
11.1 Overview
11.2 Growth Strategies Done by the Companies in the Market, (%)
11.3 Organic Developments
11.3.1 Overview
11.4 Inorganic Developments
11.4.1 Overview
12. Company Profiles
12.1 Alcon Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Bausch Health Companies Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Carl Zeiss AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Cooper Companies Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Essilor International SAS
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Johnson & Johnson
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Hoya Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 RODENSTOCK GMBH
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Menicon Co., Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Rayner Intraocular Lenses Limited
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. US Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 9. Europe Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 10. Europe Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 11. Germany Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 13. UK Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 14. UK Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 15. France Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 16. France Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 19. Spain Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 20. Spain Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 23. Asia Pacific Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Asia Pacific Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 25. China Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. China Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 27. Japan Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. Japan Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 29. India Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. India Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 31. South Korea Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. South Korea Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 33. Australia Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Australia Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Asia Pacific Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Asia Pacific Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 37. Middle East & Africa Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 38. Middle East & Africa Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 39. UAE Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 40. UAE Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 41. Saudi Arabia Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 42. Saudi Arabia Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 43. South Africa Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 44. South Africa Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Middle East & Africa Vision Care Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Middle East & Africa Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 47. South & Central America Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. South & Central America Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 49. Brazil Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 50. Brazil Vision Care Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 51. Argentina Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 52. Argentina Vision Care Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of South & Central America Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of South & Central America Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 55. Organic Developments Done by Companies
Table 56. Inorganic Developments Done by Companies
Table 57. Glossary of Terms
LIST OF FIGURES
Figure 1. Vision Care Market Segmentation
Figure 2. Vision Care Market, by Region
Figure 3. Global Vision Care Market Overview
Figure 4. Eye Glasses Segment Held The Largest Share of Type Segment in Vision Care Market
Figure 5. Asia Pacific Expected to Show Remarkable Growth During Forecast Period
Figure 6. Vision Care Market, by Geography (US$ Million)
Figure 7. Global Vision Care Market – Leading Country Markets (US$ Million)
Figure 8. Global Vision Care Market – Industry Landscape
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. South & Central America: PEST Analysis
Figure 13. Middle East & Africa: PEST Analysis
Figure 14. Experts’ Opinion
Figure 15. Vision Care Market: Impact Analysis of Drivers and Restraints
Figure 16. Global Vision Care Market – Revenue Forecast and Analysis – 2020–2028
Figure 17. Global Vision Care Market, by Geography – Forecast and Analysis (2021 & 2028)
Figure 18. Market Positioning of Key Players in Vision Care Market
Figure 19. Vision Care Market Revenue Share, by Product Type 2021 & 2028 (%)
Figure 20. Eye Glasses: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Contact Lens: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Intraocular Lens: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Others: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Global Vision Care Market, by Distribution Channel 2021 & 2028 (%)
Figure 25. Hospitals: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Retail Stores: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. E-Commerce: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Clinics: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America: Vision Care Market, by Key Country – Revenue (2021) (US$ Million)
Figure 30. North America Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. North America: Vision Care Market, by Country, 2021 & 2028 (%)
Figure 32. US: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Canada: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Mexico: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe: Vision Care Market, by Key Country – Revenue (2021) (US$ Million)
Figure 36. Europe Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Europe: Vision Care Market, by Country, 2021 & 2028 (%)
Figure 38. Germany: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. UK: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. France: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Italy: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Spain: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Rest of Europe: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Asia Pacific: Vision Care Market, by Key Country – Revenue (2021) (US$ Million)
Figure 45. Asia Pacific Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. China: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. Japan: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. India: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. South Korea: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Australia: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of Asia Pacific: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Middle East & Africa: Vision Care Market, by Key Country – Revenue (2021) (US$ Million)
Figure 53. Middle East & Africa Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. UAE: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. Saudi Arabia: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. South Africa: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. Rest of Middle East & Africa: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. South & Central America: Vision Care Market, by Key Country – Revenue (2021) (US$ Million)
Figure 59. South & Central America Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South & Central America: Vision Care Market, by Country, 2021 & 2028 (%)
Figure 61. Brazil: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Argentina: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Rest of South & Central America: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. Impact of COVID-19 Pandemic on North American Country Markets
Figure 65. Impact of COVID-19 Pandemic in European Country Markets
Figure 66. Impact of COVID-19 Pandemic on Asia Pacific Country Markets
Figure 67. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets
Figure 68. Impact of COVID-19 Pandemic in South and Central American Countries
Figure 69. Growth Strategies Done by the Companies in the Market, (%)
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the vision care market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global vision care market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution
The List of Companies – Vision Care Market
• Alcon Inc
• Bausch Health Companies Inc
• Carl Zeiss AG
• Cooper Companies Inc
• Essilorluxottica SA
• Johnson & Johnson Services Inc.
• Hoya Corporation
• Rodenstock GmbH
• Menicon Co. Ltd
• Rayner Intraocular Lenses Limited
According to our latest study on “Vision Care Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product Type, and Distribution Channel,” the market was valued at US$ 74,110.14 million in 2022 and is likely to reach US$ 98,968.42 million by 2028; it is estimated to record a CAGR of 4.9% from 2022 to 2028. The increasing prevalence of eye diseases and development of innovative products the overall vision care market growth. Additionally, the rising funds for eye care research and increasing awareness about eye care are expected to provide lucrative opportunities to the vision care market during the forecast period. However, the adverse effects of contact lenses on eye health hinder the vision care market growth.
Development of Innovative Products Drives Growth of Vision Care Market
Several players operating in the vision care market are developing and launching new products. The strategic expansion of geographic presence and manufacturing capacities, along with the launch of new products, helps companies cater to a broad customer base. A few of the recent developments contributing to the growth of the vision care market are mentioned below.
• In May 2019, Menicon Co., Ltd., a leading contact lens developer, launched Menicon Bloom Myopia Control Management System. The company has received US FDA PMA approval for its Menicon Z Night (tisilfocon A) contact lenses for overnight wear. The Menicon Bloom Night therapy of the company includes the overnight wear of a specifically designed reverse geometry orthokeratology contact lens, which is manufactured in hyper-oxygen-permeable Menicon Z rigid material that guarantees ideal corneal oxygenation for comfortable contact lens wear.
• In August 2019, Alcon, a global leader in eye health, launched PRECISION1 as the latest addition to its contact lens portfolio. PRECISION1 are the daily disposable, silicone hydrogel (SiHy) contact lenses. These first and only contact lenses made with Alcon’s proprietary SMARTSURFACE technology deliver lasting visual performance from morning to night.
• In May 2019, Johnson & Johnson Vision launched Acuvue Oasys contact lenses in the UK. These photochromic contact lenses, backed by the transitions light intelligent technology, would provide eye protection and help in managing stress associated with light conditions.
• In January 2022, Titan Eye+ introduced Titan EyeX, a new smart eyewear designed for comfort for everyday use. This product is loaded with features such as class audio, touch control, fitness tracker, voice-enabled eye care notifications, sweat resistance, and Android and iOS compatibility.
• In June 2022, Noise launched its first pair of smart eyewear—Noise i1. The newly launched product is paired with smartphones using Bluetooth 5.1. It has touch controls integrated into one of the stalks of the frames, which can be used to play or pause music, accept or reject phone calls, and activate a voice assistant on the user’s phone.
Rising Funds for Eye Care Research Would Drive Growth of Vision Care Market
Extensive ongoing research across the world to identify new treatments for eye diseases is likely to favor the vision care market growth in the coming years. The NEI supports vision research through ~1,500 research grants and training awards made to researchers at over 250 medical centers, hospitals, and universities across 44 states in the US and those around the world. The institute also funds trials to develop cutting-edge therapies for blinding diseases. In 2017, the NEI launched a 3D Retina Organoid Challenge Competition (3D-ROC) to develop functioning mini-retinas from human stem cells. It announced the prize money of US$ 1.1 million to the team with the best replication of retina structure and function. Further, the India-U.S. Collaborative Vision Research Program 2020 focuses on advancing science and technology important to understand, prevent, and treat blinding eye diseases, visual disorders, and associated complications. Both the Indian Department of Biotechnology and the US NEI fund this research program.
The Karolinska Institutet, Sweden, offers grants to promote research on eye diseases. In 2020, the institute announced the funding of SEK 50,000–150,000 (US$ 5,912.88–17,738.64) per person for new research projects on eye diseases. In December 2022, Research to Prevent Blindness (RPB) provided an annual grant of US$ 115,000 to the John A. Moran Eye Center at the University of Utah for eyecare research. These funds will be used to provide maximum flexibility in developing and expanding eye research programs, and fostering creative planning beyond the scope of restricted project grants. In December 2021, NIH-funded projects supported the partnership between Kellogg Eye Center and Aravind Eye Hospital (India) to develop a clinical research training program for eyecare specialists. Such training programs are meant to develop the eyecare field in India. Thus, increasing funds for eyecare research are likely to bring new trends in the vision care market to trigger its growth.
Alcon Inc, Bausch Health Companies Inc, Carl Zeiss AG, Cooper Companies Inc, Essilorluxottica SA, Johnson & Johnson Services Inc., Hoya Corporation, Rodenstock GmbH, Menicon Co. Ltd, and Rayner Intraocular Lenses Limited are among the leading companies operating in the vision care market.
The report segments the vision care market as follows:
The vision care market is segmented on the basis of product type, distribution channel, and geography. Based on product type, the vision care market is segmented into eyeglasses, contact lenses, intraocular lenses, and others. By distribution channel, the market is segmented into retail stores, e-commerce, clinics, and hospitals. In terms of geography, the vision care market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, Thailand, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
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