The report titled “Eye Care Supplements Market -Forecast to 2023″ is a direct appreciation by Market Research Future of the market potential of the Eye Care Supplements Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today’s winner takes all market! The global eye care supplements market is expected to grow at a CAGR of 10.8% during the forecast period.
MarketResearchFuture.com adds “Eye Care Supplements Market -2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database.
Detailed Regional Analysis:
America is the largest market for eye care supplements owing to an increasing demand for eye care supplements and rising prevalence of vision impairment and problems among people in the US. Europe is the second largest market for eye care supplements which will steady growth in the near future du rot the availability of cost effective treatments and prevention strategy. In Asia Pacific, the market is expected grow at a fastest rate owing to an increasing prevalence of chronic disease such as diabetes, diabetic retinopathy and obesity. The Middle East & Africa also show a steady rise in the market owing to rise in the demand for ophthalmic products and available treatment options.
Global Competitive Analysis:
The industry players in the segment are utilizing their primary resources to initiate a trend of solid, volume-driven growth that has been observed in the market with the development of different varieties of product types. The sector is considerably undergoing transformation which has enhanced the growth pace of the sector. The best long-term growth opportunities for this sector can be harnessed by ensuring ongoing process improvements and maintaining financial flexibility to invest in the optimal strategies. However, with companies aiming to capture a considerable share of the market segment as early as possible, they implementing and experimenting with various advantage points.
Some of the key players in this market are Biosyntrx Inc. (U.S.), Nordic Naturals Inc. (U.S.), Bristol-Myers Squibb Company (U.S.), Healths Harmony USA Supplements LLC (U.S) and Bausch & Lomb Incorporated. (U.S.) to name a few.
Eye Care Supplements Market – Overview:
With increase in the levels of stress inflicted on eyes due to the prevalence of electronics and gadgets has given rise to the need for eye care supplements. Market Research Future, a firm which specializes in market reports related to the healthcare sector among others, recently published a report on this market. The global eye care supplements market is estimated to grow at a CAGR of 10.8 per cent during the forecast period.
Rise in the number of eye related diseases and problems has prompted the growth of this sector tremendously. Increasing importance of eye health has led to the significant development of the sector. New product developments in the sector leading to different varieties have increased the demand for this industry invariably. Development of consumer demand oriented markets, prolonged exposure to digital gadgets and rise in allergy levels has increased the growth pace of the market positively.
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Aug 2017 ZeaVision produces a line of eye care supplements and products, known as EyePromise, that focus on the benefits of a key ingredient known as zeaxanthin. ZSS recently inked a deal with wellness retailer GNC, which will put ZSS’s products on the shelves at 1,000 GNC stores nationwide. Frank declined to disclose revenue for ZSS but said the company is projecting “an extremely high growth rate” in light of the new partnership with GN.
Jan 2018 a pioneering food supplement that protects the eye from damage caused by diabetes will be showcased in the Middle East for the first time at an upcoming popular medical exhibition in the UAE. British pharmaceutical wholesaler and distributor, Chapper healthcare (formerly Philip Chapper & Company Ltd), RetiCap provides preventative support for patients with diabetic retinopathy. The capsules which are easy to swallow offer a natural protection and concentrates on the increased need for nutrients for the eye caused by diabetes. RetiCap contains vitamin B1, the flavonoid Rutin, as well as Alpha-lipoic acid. The micronutrients help to stabilize and disrupt any damage caused to the eye by diabetes.
Dec 2017 Bausch + Lomb, a leading global eye health company and wholly owned subsidiary of Valeant Pharmaceuticals International, Inc announced recently that the U.S. Food and Drug Administration (FDA) has approved LUMIFY, a brimonidine tartrate ophthalmic solution (0.025%), as the first and only over-the-counter (OTC) eye drop developed with low-dose brimonidine tartrate for the treatment of ocular redness.
The global eye care supplements market is segmented on the basis of type, application, and end user.
On the basis of type, market is segmented into antioxidant, fatty acids, anti-inflammatory supplements, neuro-protective supplements and others. Antioxidant segment is further segmented into water -soluble antioxidants including lutein, zeaxanthin, astaxanthin, and fat-soluble antioxidants including astaxanthin. Fatty acids segment is further segmented into omega-6 gamma-linolenic acid. Anti-inflammatory supplements segment is further segmented into docosahexaenoic acid (DHA). Neuro-protective segment is further segmented into eicosapentaenoic acid (EPA).On the basis of application, the market is segmented into eye health, macular degeneration, cataract, Diabetic retinopathy, glaucoma, and others. On the basis of end user, the market is segmented into eye hospitals, eye clinics, and others.
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