Vision Care Market

“Global Vision Care Market: Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2023-2028” provides a deep and thorough evaluation of the global vision care market. Vision care includes various products and services involved in maintaining the healthy functioning of the eyes, which is an integral part of the human body and aid in providing a better quality of life. It includes various products, such as glass lenses, intraocular lenses, contact solutions, artificial tears, and laser-assisted in situ keratomileusis (LASIK) equipment. At present, a significant rise in people suffering from vision-related disorders, such as blindness, allergies, sties, glaucoma, and macular degeneration, is catalyzing the demand for various vision care treatments, including refractive surgeries, oculoplasty, and cornea transplants.

A rise in the geriatric population and an increase in the volume of people suffering from vision disorders represent one of the key factors influencing the market positively across the globe. In addition, unhealthy dietary patterns increase the chances of developing diabetes, which results in the rising risk of diabetic retinopathy and, in turn, is strengthening the market growth. Apart from this, the growing influence of social media and increasing concerns about physical appearance is catalyzing the demand for contact lenses worldwide. Moreover, the growing reliance on digital devices is offering lucrative opportunities to key market players for investing in the manufacturing of glasses that reduce glare emitted by the screen and help in reducing strain, dryness, and itching in the eyes. In line with this, the increasing demand for sunglasses that offer protection against ultraviolet (UV) radiation and facilitate vision in bright light conditions is fueling the market growth. Additionally, the increasing affordability and the growing accessibility of vision care products due to the rising penetration of online distribution channels across the globe are creating a favorable market outlook. Furthermore, the rising brand consciousness and increasing knowledge about different types of lenses are contributing to the market growth. Besides this, governments of various countries are focusing on making eye care services an integral part of the health coverage, which is anticipated to drive the market.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the vision care market and can also impact its future growth. Taking 2022 as the base year, the report covers the historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the vision care market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the vision care market in detail for the latest trends, outlook, and opportunities.

The report analyses the competitive structure of the vision care industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the vision care industry along with the parameters of Porter’s Five Forces model. This model examines the degree of competition in the vision care industry by analyzing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities, and threats pertaining to the vision care industry. Furthermore, the value chain analysis of the vision care industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales, and distribution. 

Key Segments and Highlights of the Global Vision Care Market 

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players         

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the vision care industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analyzed and presented in the form of easily comprehensible charts, graphs, and tables.