Vision Care Market Report 2021-26: Global Industry Size, Trends and Forecast

According to the latest report by IMARC Group, the global vision care market reached US$ 63.1 Billion in 2020. Looking forward, the market expects to continuously grow during 2021-2026.

Eyes are essential sense organs in the human body that help in processing visual details, which are further interpreted and transmitted to the brain. Healthy eyesight contributes to improved learning and comprehension skills, which enhance the quality of life.

Eyes are easily susceptible to infection, trauma and inflammation; thus, it is essential for individuals to practice quality vision care. It includes the process of care and treatment to maintain proper eye health. Some of the most common components of vision care include eyesight tests, eye ointment, eye drops, and gels, and various surgeries to combat vision ailments, such as glaucoma and cataract.

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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Vision Care Market Trends:

The market is primarily driven by the growing prevalence of ocular diseases. Along with this, there has been an increasing occurrence of eyesight disorders among working professionals due to prolonged usage of electronic devices, including laptops, tablets and smartphones. This has significantly contributed to a significant increase in the demand for improved vision care facilities. Besides this, the advent of innovative therapies, including gene and stem cell therapy, is gaining widespread preference among the masses owing to their efficient outcomes.

Furthermore, numerous players have introduced online eye testing modules, which assist individuals in checking the status of their vision through online portals. For instance, Zeiss, a German enterprise, offers an online vision screening check without additional charges. Moreover, several awareness campaigns led by various government and non-government organizations regarding the availability of advanced ocular therapies and treatments are also projected to create a positive outlook for the market.

Some of the leading players operating in the market are:

Johnson and Johnson Services, Inc.
The Cooper Companies, Inc. (COO)
Bausch Health Companies Inc. (BHC)
Novartis AG (NVS)
Alcon (Part of Novartis AG)
Carl Zeiss

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Insights on Market Segmentation:

Breakup by Product Type

1. Glass Lenses

2. Contact Lenses

3. Intraocular Lenses

4. Contact Solutions

5. Lasik Equipment

6. Artificial Tears

Breakup by Distribution Channel

1. Retail Stores

2. Online Stores

3. Clinics

4. Hospitals

Breakup by Region

1. North America

2. Europe

3. Asia Pacific

4. Latin America

5. Middle East and Africa

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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