Worldwide Eye Care Industry to 2026 - Growing Prevalence of Different Ocular Problems is Driving Growth - ResearchAndMarkets.com

The "Global Eye Care Market, By Product Type (Eyeglasses, Eye Drops, Contact Lens, Intraocular Lens, Eye Vitamins, Others), By Eye Drops (Prescription v/s Over-The-Counter), By Coating, By Lens Material, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.

The Global Eye Care Market stood at $57.65 billion in 2020 and is expected to witness a significant growth of 6.95% during the forecast period.

This can be attributed to the growing consciousness among the population pertaining to different eye diseases such as myopia, hypermetropia, dry eye syndrome, astigmatism, among others. Also, growing prevalence of different ocular problems worldwide is further expected to fuel the market growth over the next few years. According to WHO, globally around 2.2 billion people have a vision impairment out of which 1 billion have vision impairment that could have been prevented or is yet to be addressed. Around 2.6 billion population suffers from myopia of which 312 million are under 19, and 1.8 billion suffers from presbyopia.

Additionally, growing geriatric population is susceptible to various eye care diseases including age related macular degeneration, diabetic retinopathy, glaucoma, among others, which is further expected to fuel the market growth over the next few years. Around 196 million population suffers from age-related macular degeneration, 146 million suffers with diabetic retinopathy, 76 million with glaucoma and 2.5 million with trachomatous trichiasis. Furthermore, technological advancements such as launch of smart glasses by companies around the globe, advancements in intraocular lens, augment of tele-optometry, among others is further expected to create lucrative opportunities for the market growth over the next five years.

The global eye care market can be segmented based on product type, coating, lens material, distribution channel, region, and company. Based on product type, the market can be categorized into eyeglasses, eye drops, contact lens, intraocular lens, eye vitamins and others. The contact lens segment is expected to register significant growth during the forecast period on account of the growing preference of contact lens over prescription eyeglasses among the population especially the youth and working women population on account of their aesthetic value. Also, other benefits of contact lenses over eyeglasses such as predictable vision correction, better eyesight as compared to eyeglasses, among others have significantly increased the demand for contact lenses. Additionally, the use of different contact lenses for the treatment of various eye disorders such as myopia, hypermyopia, presbyopia, astigmatism, among others is further expected to support the segmental growth.

Companies Mentioned

• EssilorLuxottica SA
• Bausch Health Companies, Inc.
• Johnson and Johnson
• Alcon Inc
• Hoya Corporation
• CooperVision Inc
• Menicon Co Ltd
• AbbVie, Inc.
• Carl Zeiss Meditec AG
• Novartis AG
• F. Hoffmann-La Roche AG
• Safilo Group S.P.A.
• Fielmann AG
• Avizor SA
• Pfizer Inc.

Objective of the Study:

• To analyze the historical growth in the market size of the Global Eye Care Market from 2016 to 2020.
• To estimate and forecast the market size in the Global Eye Care Market from 2021 to 2026 and growth rate until 2026.
• To classify and forecast the Global Eye Care Market based on product type, by coating, by lens material, distribution channel, region and company.
• To identify drivers and challenges for the Global Eye Care Market.
• To examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the Global Eye Care Market.
• To conduct pricing analysis for the Global Eye Care Market.
• To identify and analyze the profile of leading players operating in the Global Eye Care Market.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Eye Care Market

4. Executive Summary

5. Voice of Customer

5.1. Brand Awareness

5.2. Common Eye Problems Among Respondents

5.3. Factors Affecting Purchase Decision of Eye Care Products

6. Global Eye Care Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Type (Eyeglasses, Eye Drops, Contact Lens, Intraocular Lens, Eye Vitamins, Others)

6.2.1.1. By Eye Drops (Prescription v/s Over-The-Counter)

6.2.2. By Coating (Anti-Glare, UV Coating, Others)

6.2.3. By Lens Material (Polycarbonate, Normal Glass, Trivex, Others)

6.2.4. By Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals)

6.2.5. By Company (2020)

6.2.6. By Region

6.3. Product Market Map

7. North America Eye Care Market Outlook

8. Europe Eye Care Market Outlook

9. Asia Pacific Eye Care Market Outlook

10. South America Eye Care Market Outlook

11. Middle East and Africa Eye Care Market Outlook

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Competition Outlook

14.2. Company Profiles (SWOT Analysis of Top 5 Players Profiled)

15. Strategic Recommendations

16. About the Publisher & Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/92biz

View source version on businesswire.com: https://www.businesswire.com/news/home/20210701005685/en/