Global Eye Care Products Market by Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019–2025

The global eye care products market was valued at USD 10,158 Million in 2018 and is projected to expand at a CAGR of 4% during the forecast period 2020–2026. The growth of the market can be attributed to the rising consciousness among people regarding health and personal care.

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Eye care products are used in the treatment of various common eye disorders and do not require any doctor’s prescription. Eye care products range from artificial saliva and ointments to ocular decongestants and these are easily available over the counter (OTC). Eye care products are advantageous as they aid in overcoming dryness, excessive watering, itching, and other disorders of the eye. However, in some cases, minor issues may direct towards major conditions such as blindness, and often recommended to consult eye specialist before taking eye care products. Numerous type of eye care products are available over the counter (OTC) and contains more or one active and inactive ingredients. Eye care products comprise of ingredients that have no or less therapeutic value such as ophthalmic vehicles such as dextran 70 and gelatin, to boost drug-target interaction and preservatives such as sodium benzoate, sorbic acid, and chlorobutanol, to restrict bacterial growth that may be incorporated during repeated product use.

Eye care products are adopted by the end-use consumer. The factors such as rapidly rising geriatric population in developing and developed economies and elevating prevalence and incidence of eye-related allergies are gardening the growth of eye care products. In addition to that, increasing pollution, increasing use of the digital screen, changing lifestyle pattern, and insomnia is also impelling the market growth of eye care products. However, the factors such as counterfeiting of eye care products, fierce competition among the key players, and side effects of common medication are the major obstacles in the market growth of eye care products.

Market Overview

Rise in disposable income
High treatment costs
Growth in geriatric population
Changes in lifestyles demanding prolonged use of digital devices
Vision care treatment issues hamper the market
Rise in the costs of products impede market growth
Surge in the number of patients with eye-related problems