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Vision Care Market: Global Industry Trends, Share, Size, Growth, Opportunity And Forecast 2022-2027

Published on: Feb 2022 | From USD $2499 | Published By: IMARCGROUP | Number Of Pages: 110

The global vision care market reached a value of US$ 66.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 83.2 Billion by 2027, exhibiting a CAGR of 3.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Vision assists in performing everyday activities, such as viewing, writing and reading. It also impacts the ability of an individual to work and communicate with others. However, there has been a significant rise in the number of people suffering from vision-related ailments, such as cataracts, glaucoma, conjunctivitis and retinal detachment. This can be accredited to sedentary lifestyles, growing geriatric population and rising pollution levels. As a result, there is an increase in the development and production of different vision care medicines, which are available in the form of pills, ointments and drops across the globe.

An unhealthy diet and the rising number of chronic conditions have led to a rise in the occurrence of associated vision ailments, which can lead to partial or complete vision loss. Consequently, there is an increase in the demand for vision care products worldwide. Apart from this, numerous international organizations are focusing on research and development (R&D) projects to introduce more efficient products. They are also offering several product variants with improved quality and services to expand their consumer base. Besides this, the flourishing e-commerce sector and the growing awareness about visual impairment caused by UV rays are also propelling the market growth. Some of the key vendors in the industry are also focusing on the prevention of visual impairments with the help of advanced technologies. Moreover, new treatments, such as gene therapy, computerized eye evaluations and stem cell therapy, are anticipated to fuel the market growth in the upcoming years.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vision care market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and distribution channel.

Breakup by Product Type:

Glass Lenses
Contact Lenses
Intraocular Lenses
Contact Solutions
LASIK Equipment
Artificial Tears

Glass lenses currently exhibit a clear dominance in the market.

Breakup by Distribution Channel:

Retail Stores
Online Stores
Clinics
Hospitals

Retail stores account for the majority of the total market share.

Regional Insights:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

North America enjoys the leading position in the market.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are:

Johnson & Johnson Services, Inc.
CooperVision, Inc. (Cooper Companies, Inc.)
Bausch Health Companies, Inc.
Essilor International
Novartis International AG Key Questions Answered in This Report:

How has the global vision care market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global vision care market?
Which are the popular product types in the industry?
Which are the major distribution channels in the industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global vision care market and who are the key players?
What is the degree of competition in the industry?
How are vision care products manufactured?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vision Care Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 Market Breakup by Product Type
6.1 Glass Lenses
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Contact Lenses
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Intraocular Lenses
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Contact Solutions
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Lasik Equipment
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Artificial Tears
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Retail Stores
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Online Stores
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Clinics
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Hospitals
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Latin America
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Forecast
9 Vision Care Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Johnson & Johnson Services, Inc.
10.3.1.1 Company Overview
10.3.1.2 Description
10.3.1.3 Product Portfolio
10.3.1.4 Financials
10.3.1.5 SWOT Analysis
10.3.2 CooperVision, Inc. (Cooper Companies, Inc.)
10.3.2.1 Company Overview
10.3.2.2 Description
10.3.2.3 Product Portfolio
10.3.2.4 Financials
10.3.2.5 SWOT Analysis
10.3.3 Bausch Health Companies, Inc.
10.3.3.1 Company Overview
10.3.3.2 Description
10.3.3.3 Product Portfolio
10.3.3.4 Financials
10.3.3.5 SWOT Analysis
10.3.4 Essilor International
10.3.4.1 Company Overview
10.3.4.2 Description
10.3.4.3 Product Portfolio
10.3.4.4 Financials
10.3.4.5 SWOT Analysis
10.3.5 Novartis International AG
10.3.5.1 Company Overview
10.3.5.2 Description
10.3.5.3 Product Portfolio
10.3.5.4 Financials
10.3.5.5 SWOT Analysis

Figure 1: Global: Vision Care Market: Major Drivers and Challenges
Figure 2: Global: Vision Care Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Vision Care Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Vision Care Market: Breakup by Distribution Channel (in %), 2021
Figure 5: Global: Vision Care Market: Breakup by Region (in %), 2021
Figure 6: Global: Vision Care Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Vision Care Industry: SWOT Analysis
Figure 8: Global: Vision Care Industry: Value Chain Analysis
Figure 9: Global: Vision Care Industry: Porter’s Five Forces Analysis
Figure 10: Global: Vision Care (Glass Lenses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Vision Care (Glass Lenses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Vision Care (Contact Lenses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Vision Care (Contact Lenses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Vision Care (Intraocular Lenses) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Vision Care (Intraocular Lenses) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Vision Care (Contact Solutions) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Vision Care (Contact Solutions) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Vision Care (Lasik Equipment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Vision Care (Lasik Equipment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Vision Care (Artificial Tears) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Vision Care (Artificial Tears) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Vision Care Market: Sales through Retail Stores (in Million US$), 2016 & 2021
Figure 23: Global: Vision Care Market Forecast: Sales through Retail Stores (in Million US$), 2022-2027
Figure 24: Global: Vision Care Market: Sales through Online Stores (in Million US$), 2016 & 2021
Figure 25: Global: Vision Care Market Forecast: Sales through Online Stores (in Million US$), 2022-2027
Figure 26: Global: Vision Care Market: Sales through Clinics (in Million US$), 2016 & 2021
Figure 27: Global: Vision Care Market Forecast: Sales through Clinics (in Million US$), 2022-2027
Figure 28: Global: Vision Care Market: Sales through Hospitals (in Million US$), 2016 & 2021
Figure 29: Global: Vision Care Market Forecast: Sales through Hospitals (in Million US$), 2022-2027
Figure 30: North America: Vision Care Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Vision Care Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Europe: Vision Care Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Europe: Vision Care Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia Pacific: Vision Care Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia Pacific: Vision Care Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Latin America: Vision Care Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Latin America: Vision Care Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Middle East and Africa: Vision Care Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Middle East and Africa: Vision Care Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Vision Care Manufacturing: Detailed Process Flow

Table 1: Global: Vision Care Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Vision Care Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Vision Care Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 4: Global: Vision Care Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Vision Care Products Manufacturing: Raw Material Requirements
Table 6: Global: Vision Care Market: Competitive Structure
Table 7: Global: Vision Care Market: Key Players

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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