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Eye Health Supplements Market Analysis| Coherent Market Insights

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According to Coherent Market Insights, Eye Health Supplements Market is expected to propel growth at US$ 43,205.8 Mn in 2020 and is expected to exhibit a CAGR of 12.7% between 2020-2027. – PowerPoint PPT presentation

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Title: Eye Health Supplements Market Analysis| Coherent Market Insights


1
  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

2
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

3
  • 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.

4
  • 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.

5
Figure 1.Global Eye Health Supplements Market
Share (), by Form, 2019
6
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.

7
Figure 2.Global Eye Health Supplements Market
Value (US Mn),and Y-o-Y Growth (),2019-2027
8
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.

9
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.

10
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.

11
Key Developments
  •    
  • 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.

12
  • Request Sample Report
  • Request Customization
  • Download PDF Brochure
  • Talk to Analyst
  • Reference
  • https//www.coherentmarketinsights.com/market-insi
    ght/eye-health-supplements-market-3791

13
About Us
  • Coherent Market Insights is a global market
    intelligence and consulting organization focused
    on assisting our plethora of clients achieve
    transformational growth by helping them make
    critical business decisions.
  • What we provide
  • Customized Market Research Services
  • Industry Analysis Services
  • Business Consulting Services
  • Market Intelligence Services
  • Long term Engagement Model
  • Country Specific Analysis

14
Contact Us
  • Mr. Shah
  • Coherent Market Insights Pvt.Ltd.
  • Address 1001 4th Ave, 3200 Seattle, WA 98154,
    U.S.
  • Phone 1-206-701-6702
  • Email sales_at_coherentmarketinsights.com

15
  • Thank You!
  • Kindly follow CMI Social Media
    Profiles for the latest company updates
  • Facebook
  • Linkedin
  • Twitter
  • https//www.coherentmarketinsights.com/
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