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February 12, 2020

Vision Care Market Size to Cross USD 195.34 Bn by 2026

The global Vision Care Market size is anticipated to around USD 195.34 billion by 2026, this market is anticipated to grow with 5.1% CAGR during the forecast time period.

North America dominated the global vision care market in the year 2018. Different huge purposes behind the predominance of North America are due to advanced technology with high rate of awareness and healthcare expenditure. Europe position itself in the market race with the ability of innovations and the presence of key market players. Asia pacific considered as the emerging market with increasing incidences of eye problems and developing technologies. The exponential growth in North America and the APAC region is likely to drive the demand for eye care product in the market. New generation eye care product feature innovative material. Nowadays, instead of using conventional plastic material, the new-age contact lenses are created from high-quality material like silicone hydrogel that offers higher oxygen breathability.

These types of advancements are leading toward increased demand for eyeglasses and contact lenses globally. A significant share of this population is unaware regarding the preventive care for vision loss, available curative services and quality rehabilitation. Increasing geriatric population and rising income in North America is expected to surge the demand for advanced vision care products and solutions. Higher adoption of vision care products in the region can further produce opportunities for the market. Factors like increasing awareness of the ocular disease, favorable reimbursement for cataract surgery and increasing inclination towards eye care merchandise is projected to additional escalate the market's revenue in North America. The market in latin america is estimated to grow at a gradual rate alongside the middle East and africa. The unmet need for vision care in latin america is calculable to be one among the prime reasons for spurring the growth in the region.

Asia-Pacific is expected to register the highest CAGR during the forecast period. The advent of innovative technologies has enabled an increase in the demand for higher-price eye care products in the rising countries the developing healthcare and increasing affordability of vision care products are estimated to augmented the vision care market growth during the forecast amount. The contact lens category in eyewear has experienced an increase in adoption particularly in countries of Asia-Pacific. This is attributed to the higher aesthetic price provided by colored contact lenses. Further, the growing number of ageing population with vision disorders in Asia Pacific is likely to boost the growth of the vision care market in Asia Pacific.

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Acumen Research & Consulting, Recently Published Report On “Vision Care Market (By Distribution Channel: Retail Stores, Online Stores, Clinics, Hospitals; By Product: Glass Lenses, Contact Lenses, Intraocular Lenses, Contact Solutions, Lasik Equipment, Artificial Tear, Others; By End User: Hospitals, Clinics, Ambulatory Surgery Centers, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026.”

Glass Lenses has dominated the offering segment in the year 2018 and the segment is projected to maintain its dominance over the forecast period. Some of the major factors are lifestyle, comfort, convenience, budget and aesthetics; in addition, Glasses also can act as an extension of your personality and make a great fashion statement. LASIK equipments and contact lenses are the fastest growing market at a CAGR of 3.1% over the forecast period as overnight orthokeratology (Ortho-k) temporarily corrects myopia and LASIK surgery impairs dioptre vision range.

Based on distribution channel, the vision care market is segmented into retail stores, on-line stores, and hospitals and clinics. The retail stores are anticipated to get the best revenue within the vision care market during the forecast amount. The higher availability of vision care product through retail stores is estimated to be the major driving issue for the section. However, there is a rise within the preference of e-commerce websites compared to the normal brick and mortar channel for looking. This is attributed to the increasing advantages offered by on-line channels, like discounts, free home delivery, virtual look check of the product etc. This trend is anticipated to positively affect the growth of on-line stores in the vision care market section.

Some of the key manufacturing companies include in the global vision care market are Novartis, Hoya Corporation, Ultra Vision, SEIKO PHARMA, Luxottica, Essilor, Cooper Vision, Fielmann, Menicon Co., Ltd., and Valeant pharmaceuticals. These Organizations gains the confidence of the customers by being more focused, innovative, caring and trusted.

Some of the key observations regarding global vision care industry include:

  • In 2017, The CooperVision introduced Avaira Vitality toric lens, which features a unique Optimized Toric Lens Geometry that provides a uniform sight.
  • In 2018, Carl Zeiss launches the first sunglass to offer 400mm UV protection.
  • In 2019, CooperVision launched a soft contact lens recycling program in partnership with TerraCycle to increase its sustainability efforts.
  • In 2019, the U.S FDA approves CooperVision’s Paragon Contact lens manufacturing site in Phoenix, U.S.

Market Segmentation

Market By Distribution Channel

  • Retail Stores
  • Online Stores
  • Clinics
  • Hospitals

Market By Product

  • Glass Lenses
  • Contact Lenses
  • Intraocular Lenses
  • Contact Solutions
  • Lasik Equipment
  • Artificial Tear
  • Others

Market By End User

  • Hospitals
  • Clinics
  • Ambulatory Surgery Centers
  • Others

Market By Geography

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Middle East & Africa

Key Questions Answered in the Report

The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-

- What is the overall structure of the market?

- What was the historical value and what is the forecasted value of the market?

- What are the key product level trends in the market?

- What are the market level trends in the market?

- Which of the market players are leading and what are their key differential strategies to retain their stronghold?

- Which are the most lucrative regions in the market space?

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Vision Care
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Vision Care Market By Product
1.2.2.1. Global Vision Care Market Revenue and Growth Rate Comparison By Product(2015-2026)
1.2.2.2. Global Vision Care Market Revenue Share By Product in 2018
1.2.2.3. Glass Lenses
1.2.2.4. Contact Lenses
1.2.2.5. Intraocular Lenses
1.2.2.6. Contact Solutions
1.2.2.7. Lasik Equipment
1.2.2.8. Artificial Tear
1.2.2.9. Others
1.2.3. Vision Care Market By Distribution Channel
1.2.3.1. Global Vision Care Market Revenue and Growth Rate Comparison By Distribution Channel (2015-2026)
1.2.3.2. Global Vision Care Market Revenue Share By Distribution Channel in 2018
1.2.3.3. Retail Stores
1.2.3.4. Online Stores
1.2.3.5. Clinics
1.2.3.6. Hospitals
1.2.4. Vision Care Market By End-User
1.2.4.1. Global Vision Care Market Revenue and Growth Rate Comparison By End-User(2015-2026)
1.2.4.2. Global Vision Care Market Revenue Share By End-Userin 2018
1.2.4.3. Hospitals
1.2.4.4. Clinics
1.2.4.5. Ambulatory Surgery Centers
1.2.4.6. Others
1.2.5. Vision Care Market by Geography
1.2.5.1. Global Vision Care Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Vision Care Market Revenue and Growth Rate(2015-2026)
1.2.5.3. Europe Vision Care Market Revenue and Growth Rate(2015-2026)
1.2.5.4. Asia-Pacific Vision Care Market Revenue and Growth Rate(2015-2026)
1.2.5.5. Latin America Vision Care Market Revenue and Growth Rate(2015-2026)
1.2.5.6. Middle East and Africa (MEA)Vision Care Market Revenue and Growth Rate(2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING VISION CARE ANALYSIS
3.1. Capacity and Commercial Production Date of Global Vision Care Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Vision Care Major Manufacturers in 2018
3.3. R&D Status and Product End-User of Global Vision Care Major Manufacturers in 2018
3.4. Raw Materials End-Users Analysis of Global Vision Care Major Manufacturers in 2018

CHAPTER 4. VISION CARE MARKET BY PRODUCT
4.1. Global Vision Care Revenue By Product
4.2. Glass Lenses
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Contact Lenses
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Intraocular Lenses
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Contact Solutions
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Lasik Equipment
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.7. Artificial Tear
4.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.8. Others
4.8.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.8.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. VISION CARE MARKET BY DISTRIBUTION CHANNEL
5.1. Global Vision Care Revenue By Distribution Channel
5.2. Retail Stores
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Online Stores
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Clinics
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Hospitals
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. VISION CARE MARKET BY END-USER
6.1. Global Vision Care Revenue By End-User
6.2. Hospitals
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Clinics
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Ambulatory Surgery Centers
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.5. Others
6.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 7. NORTH AMERICA VISION CARE MARKET BY COUNTRY
7.1. North America Vision Care Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Vision Care Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Vision Care Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)

CHAPTER 8. EUROPE VISION CARE MARKET BY COUNTRY
8.1. Europe Vision Care Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Vision Care Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)

CHAPTER 9. ASIA-PACIFIC VISION CARE MARKET BY COUNTRY
9.1. Asia-Pacific Vision Care Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Vision Care Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)

CHAPTER 10. LATIN AMERICA VISION CARE MARKET BY COUNTRY
10.1. Latin America Vision Care Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Vision Care Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)

CHAPTER 11. MIDDLE EAST & AFRICA VISION CARE MARKET BY COUNTRY
11.1. Middle East & Africa Vision Care Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & Africa Vision Care Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)
11.5. Rest of Middle East & Africa
11.5.1. Market Revenue and Forecast By Product, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Distribution Channel, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By End-User, 2015 - 2026 ($Million)

CHAPTER 12. COMPANY PROFILE
12.1. Novartis
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Product Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. Hoya Corporation
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Product Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Ultra Vision
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Product Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. SEIKO PHARMA
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Product Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. Luxottica
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Product Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Essilor Cooper Vision
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Product Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. Fielmann
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Product Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Menicon Co
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Product Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. Valeant Pharmaceuticals
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Product Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. Paragon Vision Sciences
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Product Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Product Portfolio
12.11.5. Key Developments
12.11.6. Strategies

CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope

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February 12, 2020, 12:58
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