PUBLISHER: Renub Research | PRODUCT CODE: 1452710
PUBLISHER: Renub Research | PRODUCT CODE: 1452710
Vision Care Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Top Companies Analysis
Vision Care Market is predicted to hit a value of US$ 102.15 Billion by 2030, according to Renub Research. Recently, vision care has gained prominence due to heightened cognizance of virtual eye strain, expanded display time, and the growing old population. The incidence of vision-associated problems necessitates focusing on eye fitness, propelling calls for regular eye checkups, corrective lenses, and innovative vision care answers. Technological advancements in eyewear, lens coatings, and vision correction techniques contribute to the growing significance of vision care. As humans apprehend the importance of retaining the choicest vision for essential well-being, the vision care industry plays a critical role in addressing and preventing visible impairments in modern society.
Vision Care Market is anticipated to undergo a CAGR of 4.70% from 2024 to 2030
Poor nutritional conduct and an uptick in chronic ailments can exacerbate visible impairments, potentially central to partial or complete vision loss. Consequently, the worldwide vision care market is expanding. According to a Science Direct article, people with visual impairment (PVI) are more susceptible to persistent diseases than the ones without, facing challenges in coping with them due to related physical, social, and mental problems. Common interventions include addressing intellectual disorders (39.3%), stroke (25.0%), diabetes (17.8%), and diverse chronic situations (10.7%).
Further, eye troubles among teenagers are on the rise, contributing to the growth of the global vision care market. The incidence of digital devices in work and amusement activities has brought about an uptick in eye-related issues among young people. Lifestyle adjustments, which include reduced outside time and multiplied near work, negatively impact eye fitness. Factors like terrible nutritional conduct, inadequate sleep, pollution, and UV exposure contribute to developing eye issues in this demographic. According to the International Agency for the Prevention of Blindness, globally, at least 450 million youngsters require remedies for sight situations, with ninety million living with some form of sight loss and 448 million kids and young people having refractive errors. So, the Global Vision Care Market was worth US$ 74.06 Billion in 2023.
Besides, improvements in intraocular lens (IOL) technology contribute to expanding the vision care market. For example, in 2024, Johnson and Johnson Medtech introduced the TecnisPuresee, a new presbyopia-correcting IOL, in Emea. Furthermore, the surge in need, spurred by the increasing incidence of eye sicknesses, activates businesses to put money into IOL technology. In 2023, HOYA Vision Care, a pacesetter in ophthalmic lens technology, introduced a multi-million-dollar investment in its production lab network to enhance talents and aid eye care specialists across Canada. This funding, totaling nearly $10 million, aims to amplify the national lab network.
There is a possibility of an increase in the global vision care market for contact lenses
The Vision Care Market is divided into several product categories: Glass Lenses, Contact Lenses, Intraocular Lenses, Contact Solutions, Lasik Equipment, and Artificial Tears. Contact lenses might be witnessing an increase in the international vision care market. This is due to their convenience, consolation, and aesthetic attraction compared to standard eyeglasses. Technological improvements, such as silicone hydrogel substances and everyday disposables, are driving adoption, catering to various vision correction desires and alternatives.
It is anticipated that China could significantly impact the global market for vision care products
Based on country, the Vision Care Market is separated into North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, the Netherlands, and Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (South Africa, Saudi Arabia, and the United Arab Emirates). China is expected to play a sizeable role in the international vision care market. This is due to its enormous population, speedy urbanization, and increasing disposable income. According to a document posted by Lancet, China had over forty-five million humans with moderate vision impairment, around 4.6 million with extreme vision impairment, and nearly 8.7 million people with blindness. As more Chinese people prioritize eye fitness and seek answers to vision correction, the demand for eyewear, contact lenses, and eye care offerings is growing. Additionally, China's increasing middle class and multiplied entry to healthcare offerings contribute to its increased potential, making it an important segment within the global vision care market panorama.
Key Players
The Global Vision Care Market includes companies such as Essilor International, Johnson & Johnson Services, Inc., Bausch Health Companies, Inc., Novartis International AG, Grand Vision, Carl Zeiss, Valeant Pharmaceuticals, Paragon Vision Science, and Menicon.
- In August 2022 - Alcon recently announced their acquisition of Aerie Pharmaceuticals, which will significantly enhance their ophthalmic pharmaceutical portfolio.
Product Type - Global Vision Care Market breakup in 6 viewpoints:
1. Glass Lenses
2. Contact Lenses
3. Intraocular Lenses
4. Contact Solutions
5. Lasik Equipment
6. Artificial Tears
Treatment - Global Vision Care Market breakup in 3 viewpoints:
1. Laser Therapy
2. Surgery
3. Medication
Distribution Channel - Global Vision Care Market breakup in 5 viewpoints:
1. Retail Stores
2. E-Commerce
3. Clinics
4. Hospitals
5. Others
Country - Global Vision Care Market breakup of 25 Countries covered in the Report:
1. North America
- 1.1 United States
- 1.2 Canada
2. Europe
- 2.1 France
- 2.2 Germany
- 2.3 Italy
- 2.4 Spain
- 2.5 United Kingdom
- 2.6 Belgium
- 2.7 Netherlands
- 2.8 Turkey
3. Asia Pacific
- 3.1 China
- 3.2 Japan
- 3.3 India
- 3.4 South Korea
- 3.5 Thailand
- 3.6 Malaysia
- 3.7 Indonesia
- 3.8 Australia
- 3.9 New Zealand
4. Latin America
- 4.1 Brazil
- 4.2 Mexico
- 4.3 Argentina
5. Middle East & Africa
- 5.1 Saudi Arabia
- 5.2 UAE
- 5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Essilor International
2. Johnson & Johnson Services, Inc.
3. Bausch Health Companies, Inc.
4. Novartis International AG
5. Grand Vision
6. Carl Zeiss
7. Valeant Pharmaceuticals
8. Paragon Vision Science
9. Menicon
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
- 4.1 Growth Drivers
- 4.2 Challenges
5. Global Vision Care Market
6. Market Share - Global Vision Care Analysis
- 6.1 By Product Type
- 6.2 By Treatment
- 6.3 By Distribution Channel
- 6.4 By Country
7. Product Type - Global Vision Care Market
- 7.1 Glass Lenses
- 7.2 Contact Lenses
- 7.3 Intraocular Lenses
- 7.4 Contact Solutions
- 7.5 Lasik Equipment
- 7.6 Artificial Tears
8. Treatment - Global Vision Care Market
- 8.1 Laser Therapy
- 8.2 Surgery
- 8.3 Medication
9. Distribution Channel - Global Vision Care Market
- 9.1 Retail Stores
- 9.2 E-Commerce
- 9.3 Clinics
- 9.4 Hospitals
- 9.5 Others
10. Country - Global Vision Care Market
- 10.1 North America
- 10.1.1 United States
- 10.1.2 Canada
- 10.2 Europe
- 10.2.1 France
- 10.2.2 Germany
- 10.2.3 Italy
- 10.2.4 Spain
- 10.2.5 United Kingdom
- 10.2.6 Belgium
- 10.2.7 Netherlands
- 10.2.8 Turkey
- 10.3 Asia Pacific
- 10.3.1 China
- 10.3.2 Japan
- 10.3.3 India
- 10.3.4 South Korea
- 10.3.5 Thailand
- 10.3.6 Malaysia
- 10.3.7 Indonesia
- 10.3.8 Australia
- 10.3.9 New Zealand
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.2 Mexico
- 10.4.3 Argentina
- 10.5 Middle East & Africa
- 10.5.1 Saudi Arabia
- 10.5.2 UAE
- 10.5.3 South Africa
11. Porter's Five Analysis - Global Vision Care Market
- 11.1 Bargaining Power of Buyers
- 11.2 Bargaining Power of Suppliers
- 11.3 Degree of Rivalry
- 11.4 Threat of New Entrants
- 11.5 Threat of Substitutes
12. SWOT Analysis - Global Vision Care Market
- 12.1 Strength
- 12.2 Weakness
- 12.3 Opportunity
- 12.4 Threat
13. Key Players
- 13.1 Essilor International
- 13.1.1 Overview
- 13.1.2 Recent Development
- 13.1.3 Revenue
- 13.2 Johnson & Johnson Services, Inc.
- 13.2.1 Overview
- 13.2.2 Recent Development
- 13.2.3 Revenue
- 13.3 Bausch Health Companies, Inc.
- 13.3.1 Overview
- 13.3.2 Recent Development
- 13.3.3 Revenue
- 13.4 Novartis International AG
- 13.4.1 Overview
- 13.4.2 Recent Development
- 13.4.3 Revenue
- 13.5 Grand Vision
- 13.5.1 Overview
- 13.5.2 Recent Development
- 13.5.3 Revenue
- 13.6 Carl Zeiss
- 13.6.1 Overview
- 13.6.2 Recent Development
- 13.6.3 Revenue
- 13.7 Valeant Pharmaceuticals
- 13.7.1 Overview
- 13.7.2 Recent Development
- 13.8 Paragon Vision Science
- 13.8.1 Overview
- 13.8.2 Recent Development
- 13.9 Menicon
- 13.9.1 Overview
- 13.9.2 Recent Development
List of Figures
- Figure-01: Global - Vision Care Market (Billion US$), 2019 - 2023
- Figure-02: Global - Forecast for Vision Care Market (Billion US$), 2024 - 2030
- Figure-03: Product Type - Glass Lenses Market (Million US$), 2019 - 2023
- Figure-04: Product Type - Forecast for Glass Lenses Market (Million US$), 2024 - 2030
- Figure-05: Product Type - Contact Lenses Market (Million US$), 2019 - 2023
- Figure-06: Product Type - Forecast for Contact Lenses Market (Million US$), 2024 - 2030
- Figure-07: Product Type - Intraocular Lenses Market (Million US$), 2019 - 2023
- Figure-08: Product Type - Forecast for Intraocular Lenses Market (Million US$), 2024 - 2030
- Figure-09: Product Type - Contact Solutions Market (Million US$), 2019 - 2023
- Figure-10: Product Type - Forecast for Contact Solutions Market (Million US$), 2024 - 2030
- Figure-11: Product Type - Lasik Equipment Market (Million US$), 2019 - 2023
- Figure-12: Product Type - Forecast for Lasik Equipment Market (Million US$), 2024 - 2030
- Figure-13: Product Type - Artificial Tears Market (Million US$), 2019 - 2023
- Figure-14: Product Type - Forecast for Artificial Tears Market (Million US$), 2024 - 2030
- Figure-15: Treatment - Laser Therapy Market (Million US$), 2019 - 2023
- Figure-16: Treatment - Forecast for Laser Therapy Market (Million US$), 2024 - 2030
- Figure-17: Treatment - Surgery Market (Million US$), 2019 - 2023
- Figure-18: Treatment - Forecast for Surgery Market (Million US$), 2024 - 2030
- Figure-19: Treatment - Medication Market (Million US$), 2019 - 2023
- Figure-20: Treatment - Forecast for Medication Market (Million US$), 2024 - 2030
- Figure-21: Distribution Channel - Retail Stores Market (Million US$), 2019 - 2023
- Figure-22: Distribution Channel - Forecast for Retail Stores Market (Million US$), 2024 - 2030
- Figure-23: Distribution Channel - E-Commerce Market (Million US$), 2019 - 2023
- Figure-24: Distribution Channel - Forecast for E-Commerce Market (Million US$), 2024 - 2030
- Figure-25: Distribution Channel - Clinics Market (Million US$), 2019 - 2023
- Figure-26: Distribution Channel - Forecast for Clinics Market (Million US$), 2024 - 2030
- Figure-27: Distribution Channel - Hospitals Market (Million US$), 2019 - 2023
- Figure-28: Distribution Channel - Forecast for Hospitals Market (Million US$), 2024 - 2030
- Figure-29: Distribution Channel - Others Market (Million US$), 2019 - 2023
- Figure-30: Distribution Channel - Forecast for Others Market (Million US$), 2024 - 2030
- Figure-31: United States - Vision Care Market (Million US$), 2019 - 2023
- Figure-32: United States - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-33: Canada - Vision Care Market (Million US$), 2019 - 2023
- Figure-34: Canada - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-35: France - Vision Care Market (Million US$), 2019 - 2023
- Figure-36: France - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-37: Germany - Vision Care Market (Million US$), 2019 - 2023
- Figure-38: Germany - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-39: Italy - Vision Care Market (Million US$), 2019 - 2023
- Figure-40: Italy - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-41: Spain - Vision Care Market (Million US$), 2019 - 2023
- Figure-42: Spain - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-43: United Kingdom - Vision Care Market (Million US$), 2019 - 2023
- Figure-44: United Kingdom - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-45: Belgium - Vision Care Market (Million US$), 2019 - 2023
- Figure-46: Belgium - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-47: Netherlands - Vision Care Market (Million US$), 2019 - 2023
- Figure-48: Netherlands - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-49: Turkey - Vision Care Market (Million US$), 2019 - 2023
- Figure-50: Turkey - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-51: China - Vision Care Market (Million US$), 2019 - 2023
- Figure-52: China - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-53: Japan - Vision Care Market (Million US$), 2019 - 2023
- Figure-54: Japan - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-55: India - Vision Care Market (Million US$), 2019 - 2023
- Figure-56: India - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-57: South Korea - Vision Care Market (Million US$), 2019 - 2023
- Figure-58: South Korea - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-59: Thailand - Vision Care Market (Million US$), 2019 - 2023
- Figure-60: Thailand - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-61: Malaysia - Vision Care Market (Million US$), 2019 - 2023
- Figure-62: Malaysia - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-63: Indonesia - Vision Care Market (Million US$), 2019 - 2023
- Figure-64: Indonesia - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-65: Australia - Vision Care Market (Million US$), 2019 - 2023
- Figure-66: Australia - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-67: New Zealand - Vision Care Market (Million US$), 2019 - 2023
- Figure-68: New Zealand - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-69: Brazil - Vision Care Market (Million US$), 2019 - 2023
- Figure-70: Brazil - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-71: Mexico - Vision Care Market (Million US$), 2019 - 2023
- Figure-72: Mexico - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-73: Argentina - Vision Care Market (Million US$), 2019 - 2023
- Figure-74: Argentina - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-75: Saudi Arabia - Vision Care Market (Million US$), 2019 - 2023
- Figure-76: Saudi Arabia - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-77: UAE - Vision Care Market (Million US$), 2019 - 2023
- Figure-78: UAE - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-79: South Africa - Vision Care Market (Million US$), 2019 - 2023
- Figure-80: South Africa - Forecast for Vision Care Market (Million US$), 2024 - 2030
- Figure-81: Essilor International - Global Revenue (Million US$), 2019 - 2023
- Figure-82: Essilor International - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-83: Johnson & Johnson Services, Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-84: Johnson & Johnson Services, Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-85: Bausch Health Companies, Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-86: Bausch Health Companies, Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-87: Novartis International AG - Global Revenue (Million US$), 2019 - 2023
- Figure-88: Novartis International AG - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-89: Grand Vision - Global Revenue (Million US$), 2019 - 2023
- Figure-90: Grand Vision - Forecast for Global Revenue (Million US$), 2024 - 2030
- Figure-91: Carl Zeiss - Global Revenue (Million US$), 2019 - 2023
- Figure-92: Carl Zeiss - Forecast for Global Revenue (Million US$), 2024 - 2030
List of Tables
- Table-01: Global - Vision Care Market Share by Product Type (Percent), 2019 - 2023
- Table-02: Global - Forecast for Vision Care Market Share by Product Type (Percent), 2024 - 2030
- Table-03: Global - Vision Care Market Share by Treatment (Percent), 2019 - 2023
- Table-04: Global - Forecast for Vision Care Market Share by Treatment (Percent), 2024 - 2030
- Table-05: Global - Vision Care Market Share by Distribution Channel (Percent), 2019 - 2023
- Table-06: Global - Forecast for Vision Care Market Share by Distribution Channel (Percent), 2024 - 2030
- Table-07: Global - Vision Care Market Share by Countries (Percent), 2019 - 2023
- Table-08: Global - Forecast for Vision Care Market Share by Countries (Percent), 2024 - 2030
