Vision Care Market Growth Opportunities, Technological Strategies, Business Advancements, Outlook by 2026

1
Vision Care Market Size, Share Industry
Analysis, By Product Type (Eyewear, Intraocular
Lens, and Ocular Health), By Distribution Channel
(Retail Store, Online Store, Hospital Clinics),
and Regional Forecast, 2019-2026
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Published Date April 2019 Report Format PDF
Region Global Base Year 2018
2
Vision Care Market Size, Share Industry
Analysis, By Product Type (Eyewear, Intraocular
Lens, and Ocular Health), By Distribution Channel
(Retail Store, Online Store, Hospital Clinics),
and Regional Forecast, 2019-2026
Report Highlights The global vision care market
size is expected to reach USD 192.85 billion by
2026, exhibiting a CAGR of 5.6 during the
forecast period. Increasing awareness regarding
ocular diseases in emerging nations is expected
to aid the growth of the market. The increasing
adoption of vision care products will boost the
vision care market growth in the forthcoming
year. In addition, the growing cases of cataracts
to create growth opportunities for the market.
For instance, according to the World Health
Organization, 51 of the worlds blindness is
caused due to cataracts. In addition, the
increasing risks of cataract incidence
predominantly in developing as well as developed
countries will fuel demand for vision care. As
per the report, published by Fortune Business
Insights in a report, titled Vision Care Market
Size, Share Industry Analysis, By Product Type
(Eyewear, Intraocular Lens, and Ocular Health),
By Distribution Channel (Retail Store, Online
Store, Hospital Clinics), and Regional
Forecast, 2019-2026 the market size stood at USD
125.16 billion in 2018. The report offers dynamic
insights on all the prevailing trends and
characteristics of the vision care market. It
provides an all-encompassing summary and
analytical data of all the segments.
3
Vision Care Market Size, Share Industry
Analysis, By Product Type (Eyewear, Intraocular
Lens, and Ocular Health), By Distribution Channel
(Retail Store, Online Store, Hospital Clinics),
and Regional Forecast, 2019-2026
Increasing Cases of Cataract to Promote Healthy
Growth The increasing incidence of cataracts
around the world will subsequently aid the growth
of the market in the forthcoming period.
According to the Global Burden of Diseases Study,
2010 cataract caused worldwide 33.4 of all
blindness in 2010 and around 10.8 million people
were blind and 35.1 million were visually
impaired due to cataract. With the growing risk
of cataracts, the demand for vision is
increasing, which therefore supports market
growth. The growing population of individuals
suffering from ocular diseases is expected to be
one of the key reasons for driving the market.
Favorable Reimburusmnet policies to Stimulate
Growth in North America North America generated
a revenue of USD 38.82 billion in 2018 and is
expected to remain dominant during the forecast
period. Higher adoption of vision care products
in the region will further create opportunities
for the market. Factors such as increasing
awareness of the ocular disease, favorable
reimbursement for cataract surgery, and
increasing inclination towards eye care products
is projected to further escalate the markets
revenue in North America. The market in Latin
America is estimated to grow at a steady rate
alongside the Middle East and Africa. The unmet
need for vision care in Latin America is
estimated to be one of the prime reasons for
spurring the growth in the region Browse
Complete Report Details https//www.fortunebusine
ssinsights.com/industry-reports/vision-care-market
-101731
4
Vision Care Market Size, Share Industry
Analysis, By Product Type (Eyewear, Intraocular
Lens, and Ocular Health), By Distribution Channel
(Retail Store, Online Store, Hospital Clinics),
and Regional Forecast, 2019-2026

• FDA Approval for Pargons New Manufacturing
  Facility to Spur Sales Opportunities
• The approval of Paragon Vision Sciences
  newly-constructed contact lens manufacturing site
  in suburban Phoenix by the U.S. Food and Drug
  Administration (FDA) will boost the vision care
  market trends. For instance, The facility will
  produce advanced ortho-k products such as Paragon
  CRT for use in the United States. The new site
  is more than double the size of the companys
  current plant in nearby Mesa, Arizona.
• Top Players Mentioned
• Alcon (Part of Novartis AG)
• Essilor
• CooperVision
• Johnson Johnson Services, Inc.
• Bausch Health Companies Inc.
• GrandVision
• Carl Zeiss
• Menicon
• Luxottica
• Other Prominent Players

5
Vision Care Market Size, Share Industry
Analysis, By Product Type (Eyewear, Intraocular
Lens, and Ocular Health), By Distribution Channel
(Retail Store, Online Store, Hospital Clinics),
and Regional Forecast, 2019-2026
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