Eye Health Supplements Market Analysis| Coherent Market Insights

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EYE HEALTH SUPPLEMENTS MARKET ANALYSIS

• Eye Health Supplements Market,By Ingredient Type
  (Lutein and Zeaxanthin, Antioxidants, Omega-3
  Fatty Acids, Coenzyme Q10, Flavonoids,
  Astaxanthin, Alpha-Lipoic Acid, Other
  Ingredients), By Indication Type (Age-related
  Macular Degeneration (AMD), Cataract, Dry Eye
  Syndrome, Other Indications), By Form (Tablet,
  Capsule, Others), and By Region (North America,
  Europe, Asia Pacific, Latin America, Middle East
  Africa) - Size, Share, Outlook, and Opportunity
  Analysis, 2020 - 2027

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• The global eye health supplements market was
  valued at US 2,105.2 Mn in 2019 and is forecast
  to reach a value of US 3,418.3 Mn by 2027 at a
  CAGR of 6.2 between 2020 and 2027.
• Drivers
• Increasing prevalence of various eye disorders is
  expected to propel growth of the global eye
  health supplements market over the forecast
  period. For instance, according to the study,
  Prevalence of refractive errors, uncorrected
  refractive error, and presbyopia in adults in
  India A systematic review, published in the
  Indian Journal of Ophthalmology, in April 2019,
  the prevalence of refractive errors, of at least
  0.50 D of spherical equivalent ametropia was
  53.1. Moreover, the prevalence of uncorrected
  refractive error was 10.2 in the study
  population.

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• Moreover, increasing geriatric population is also
  expected to aid in growth of the market. For
  instance, according to the U.S. Census Bureau,
  the U.S. geriatric population is expected to
  reach 77 million by 2034.     
• Capsules segment held dominant position in the
  global eye health supplements market in 2019,
  accounting for 43.4 share in terms of value,
  followed by tablet and others, respectively.

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Figure 1.Global Eye Health Supplements Market
Share (), by Form, 2019
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Market Restraints

• Stringent regulations for production of eye
  health supplements are expected to hinder growth
  of the market. Regulations vary from region to
  region. Moreover, several manufacturers give
  exaggerated health claims, which further limits
  market growth.
• Moreover, low bioavailability of Anthocyanin and
  its instability at neutral pH limits its adoption
  as eye health supplement. This in turn is
  expected to limit growth of the market.

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Figure 2.Global Eye Health Supplements Market
Value (US Mn),and Y-o-Y Growth (),2019-2027
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Market Opportunities 

• Majority of the products are putting claims on
  their product label based on the ingredient
  specific clinical trials. However, very few
  products in the market are backed by
  product-based clinical trials. Conducting
  product-based clinical trials is expected to
  offer lucrative growth opportunities for players
  in the market.
• Majority of products used for eye health contain
  Lutein, Zeaxanthin, Vitamin A, and Vitamin C. To
  differentiate eye health products, companies may
  focus on launching novel ingredients such as
  Astaxanthin, Blueberry, Omega-3 long chain PUFAs,
  DHAs, and Genistein.
• The global eye health supplements market was
  valued at US 2,105.2 Mn in 2019 and is forecast
  to reach a value of US 3,418.3 Mn by 2027 at a
  CAGR of 6.2 between 2020 and 2027.

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Market Trends

• Increasing number of eye surgery centers is
  expected to boost growth of the market. For
  instance, in March 2019, Covenant Surgical
  Partners partnered with U.S.-based De La Peña Eye
  Clinic to expand its eye surgery centers.
• Major organizations are focused on assessing eye
  health in emerging economies, which is also
  expected to aid in growth of the market. For
  instance, in January 2020, Fred Hollows
  Foundation, Australia, in collaboration with
  Tilganga Institute of Ophthalmology, Nepal,
  reported a programmatic design and knowledge
  translation process that aims to increase womens
  uptake of eye health services in rural Nepal.

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Competitive Section

• Major players operating in the global eye health
  supplements market include, Bausch Lomb,
  Vitabiotics Ltd., Valeant Pharmaceuticals
  International Inc., Life Extension, Pfizer Inc.,
  OmniActive Health Technologies, Algatechnologies,
  Alliance Pharma, The Nature's Bounty Co.,
  Novartis AG, and Amway Corp.

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Key Developments

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• Major players in the market are focused on
  adopting partnership and collaboration strategies
  to enhance their market share. For instance, in
  December 2019, OmniActive Health Technologies
  entered into an exclusive distribution
  partnership with Shanghai Prochin for sell of
  Lutemax 2020 Lutein and Zeaxanthin Isomers in
  China.
• Major players in the market are also focused on
  launching new products to expand their product
  portfolio. For instance, in November 2019, Life
  Extension developed Gummy Science Digital Eye
  Support, a new, science-based supplement for eye
  health.

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  ght/eye-health-supplements-market-3791

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