Vision Care Market report helps to understand the most dominating growth drivers as well as the obstacles occurring in the market. Combined with this, it enlightens the readers about several aspects of the global market namely current trends, regional analysis, segments, market figure, challenges, and significant market players.
The global “Vision Care Market Size” is expected to reach USD 192.85 billion by 2026, exhibiting a CAGR of 5.6% during the forecast period. Increasing awareness regarding ocular diseases in emerging nations is expected to aid the growth of the market. The increasing adoption of vision care products will boost the vision care market growth in the forthcoming year. In addition, the growing cases of cataracts to create growth opportunities for the market. For instance, according to the World Health Organization, 51% of the world’s blindness is caused due to cataracts.
In addition, the increasing risks of cataract incidence predominantly in developing as well as developed countries will fuel demand for vision care. As per the report, published by Fortune Business Insights in a report, titled “Vision Care Market Size, Share and Industry Analysis, By Product Type (Eyewear, Intraocular Lens, and Ocular Health), By Distribution Channel (Retail Store, Online Store, Hospital and Clinics), and Regional Forecast, 2019-2026” the market size stood at USD 125.16 billion in 2018. The report offers dynamic insights on all the prevailing trends and characteristics of the vision care market. It provides an all-encompassing summary and analytical data of all the segments.
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Leading Players operating in the Vision Care Market are:
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Favorable Reimburusmnet policies to Stimulate Growth in North America
North America generated a revenue of USD 38.82 billion in 2018 and is expected to remain dominant during the forecast period. Higher adoption of vision care products in the region will further create opportunities for the market. Factors such as increasing awareness of the ocular disease, favorable reimbursement for cataract surgery, and increasing inclination towards eye care products is projected to further escalate the market’s revenue in North America. The market in Latin America is estimated to grow at a steady rate alongside the Middle East and Africa. The unmet need for vision care in Latin America is estimated to be one of the prime reasons for spurring the growth in the region.
The report covers:
FDA Approval for Pargon’s New Manufacturing Facility to Spur Sales Opportunities
The approval of Paragon Vision Science’s newly-constructed contact lens manufacturing site in suburban Phoenix by the U.S. Food and Drug Administration (FDA) will boost the vision care market trends. For instance, The facility will produce advanced ortho-k products such asParagon CRT®for use in the United States. The new site is more than double the size of the company’s current plant in nearby Mesa, Arizona.
Furthermore, the launch of TECNIS Synergy IOL by Johnson and Johnson’s vision division will foster the growth of the market. For instance, Johnson and Johnson’s vision division launched TECNIS Synergy IOL, an advanced intraocular lens that provides continuous high-contrast vision correction for patients with cataracts from far through near, even in low-light conditions. In addition, the increasing accessibility of spectacles and sunglasses owing to the affordability in emerging nations will further accelerate the growth of the market.
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Detailed Table of Content:
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4.1. Introduction of New Products / Approvals (by Major Players)
4.2. Epidemiology of Ocular Disease – For Key Countries, 2018
4.3. Key Industry Developments – Mergers, Acquisitions, and Partnerships, 2018
4.4. Snapshot: U.S Reading Glasses Market, 2018
4.5. Key Trends in Vision Care Market
4.6. Key Pipeline Products
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast By Product Type
5.2.1. Eyewear
5.2.1.1. Spectacles
5.2.1.2. Sunglasses
5.2.1.3. Contact Lens
5.2.2. Intraocular Lenses
5.2.3. Ocular Health
5.3. Market Analysis, Insights and Forecast By Distribution Channel
5.3.1. Retail Store
5.3.2. Online Store
5.3.3. Hospitals and Clinics
5.4. Market Analysis, Insights and Forecast By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East and Africa
TOC Continued….
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Press Release Distributed by The Express Wire
To view the original version on The Express Wire visit Vision Care Market 2020 Global Future Growth Analysis, Size, Share, Demand, Trends and Forecasts to 2026