The eye is the most amazing and complex structure in the body. The two eyes provide about half the total sensory input from entire body into the brain. Eyes are sensitive to trauma, infection or inflammation that may end up in blindness.
The vision care products market is driven by the increase in the number of patients suffering from eye disorders like myopia, hyperopia, astigmatism and presbyopia. Myopia is the most common disorders and it affects 1.6 billion people around the globe, whereas presbyopia is found in about one billion people globally. The prevalence of hyperopia increase in the elderly. Around 50% of people aged above 65 years in the US have hyperopic conditions.
Vision Care Products Market: Drivers and Restraints
Presently, vision care products global market is driven by the aging population, rising incidence and prevalence of eye disorders like myopia, hyperopia, astigmatism and presbyopia, technological advancement in healthcare industry.
With the increase in the disposable income levels and health consciousness among general population, vision care products are being widely adopted. Also, lifestyle side effects emerging from increased usage of computer, television viewing have contributed towards the growth of vision care products at a global level. Various promotional campaign by the key players to capture the market share in the emerging countries.
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However, availability of counterfeit products in the market and large number of local players in this market act as a barriers for the growth of this market.
Vision Care Products Market: Segmentation
Vision care products global market is segmented into following segmentation:
- Spectacle lenses
- Single Vision Spectacle Lenses
- Digital lenses
- Progressive Lenses
- Single Vision Spectacle Lenses
- Contact lenses
- Soft contact lenses
- Rigid gas permeable lenses
- Disposable contact lenses
- Cleaning and disinfecting solutions
Vision Care Products Market: Overview
With rapid technological advancement, aging population, and increase in the prevalence of eye disorders around the globe, the vision care products market is expected to grow at a healthy CAGR in the forecasted period (2015-2025).
Vision Care Products Market: Region-wise Outlook
Depending on geographic region, global vision care products market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
Asia Pacific is emerging as dominating markets for vision care products market due to their high healthcare awareness and augmented disposable income. Amongst the Asian countries, India and china are more promising due to large population pool and increased number of hospitals.
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Vision Care Products Market: Key players
Some of the key participating players in global vision care products market are Alcon, Inc., SEIKO OPTICAL PRODUCTS CO., LTD., Johnson & Johnson Vision Care, Essilor International, CIBA Vision Corporation, Bausch & Lomb Incorporated, CooperVision, Inc., ZEISS Group, HOYA CORPORATION and others.