Vision Care

Vision Care Market by Product (Cleaning & Disinfecting Solutions, Contact Lenses, Spectacle Lenses), Type (Non-Rx (Non-Prescription), Rx (Prescription)), Distribution Channel - Global Forecast 2024-2030

SKU
MRR-742BD5185120
Region
Global
Publication Date
February 2024
Delivery
Immediate
2023
USD 78.58 billion
2030
USD 136.37 billion
2024
USD 84.71 billion
CAGR
8.19%
360iResearch Analyst
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[180 Pages Report] The Vision Care Market size was estimated at USD 78.58 billion in 2023 and expected to reach USD 84.71 billion in 2024, at a CAGR 8.19% to reach USD 136.37 billion by 2030.

Vision Care Market
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The vision care encompasses all products and services related to correcting, protecting, and enhancing eyesight. This includes prescription eyeglasses, contact lenses, intraocular lenses, ophthalmic surgical instruments, diagnostic devices, ophthalmic pharmaceuticals, and accessories. The market caters to medical eye care needs and aesthetic preferences, addressing conditions such as myopia, hyperopia, astigmatism, and presbyopia, among others. The primary factors propelling the vision care include the prevalence of refractive errors due to increased screen time and aging populations globally. The rise in disposable income allows for more significant uptake of elective vision correction procedures. Additionally, the incorporation of digital technology in vision care, offering online eye tests and purchase options, is making vision care more accessible. However, vision care faces challenges such as lack of access to vision care in low-income countries, and a shortage of trained professionals and proper infrastructure. Furthermore, the high cost of some advanced vision care products and procedures may limit market growth. Counterfeit products and the risk of complications from contact lenses or surgical procedures are additional concerns that may restrain market expansion. Potential opportunities for the vision care lie in the development of cost-effective and innovative products which can cater to the needs of price-sensitive. Implementation of nanotechnology in the vision care and advancements and introduction of novel contact lens vision care services promote the adoption of vision care. Additionally, the ongoing research in custom-tailored and smart eyewear, such as glasses integrated with augmented reality, can open new avenues for the industry.
Vision Care Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Vision Care Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Vision Care Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Vision Care Market, highlighting leading vendors and their innovative profiles. These include Bausch Health Companies Inc., Carl Zeiss AG, CooperVision Inc., Fielmann AG, Hoya Vision Care, Johnson & Johnson Services, Inc., Luxottica Group SpA, Menicon Co., Ltd., Novartis AG, Rayner Surgical Group Limited, Rodenstock GmbH, Safilo Group S.p.A., Seiko Optical Products Co., Ltd., Shanghai Conant Optical Co., Ltd., and Zydus Pharmaceuticals Inc..

Market Segmentation & Coverage

This research report categorizes the Vision Care Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product
    • Cleaning & Disinfecting Solutions
    • Contact Lenses
    • Spectacle Lenses
  • Type
    • Non-Rx (Non-Prescription)
    • Rx (Prescription)
  • Distribution Channel
    • E-Commerce
    • Hospitals
    • Ophthalmic Clinics
    • Optometry Stores
    • Retail, Hypermarket & Superstore

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Vision Care Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Vision Care Market?
  3. What are the technology trends and regulatory frameworks in the Vision Care Market?
  4. What is the market share of the leading vendors in the Vision Care Market?
  5. Which modes and strategic moves are suitable for entering the Vision Care Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Vision Care Market, by Product
  7. Vision Care Market, by Type
  8. Vision Care Market, by Distribution Channel
  9. Americas Vision Care Market
  10. Asia-Pacific Vision Care Market
  11. Europe, Middle East & Africa Vision Care Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 288]
  16. List of Companies Mentioned [Total: 15]
Frequently Asked Questions
  1. How big is the Vision Care Market?
    Ans. The Global Vision Care Market size was estimated at USD 78.58 billion in 2023 and expected to reach USD 84.71 billion in 2024.
  2. What is the Vision Care Market growth?
    Ans. The Global Vision Care Market to grow USD 136.37 billion by 2030, at a CAGR of 8.19%
  3. When do I get the report?
    Ans. Most reports are fulfilled immediately. In some cases, it could take up to 2 business days.
  4. In what format does this report get delivered to me?
    Ans. We will send you an email with login credentials to access the report. You will also be able to download the pdf and excel.
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    Ans. We are approaching our 7th anniversary in 2024!
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