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Global Eye Care Products Market Expected to Reach USD 14,527.4 Million by 2027

January 15th, 2021 Growth Market Reports (GMR) Releases

According to a recent market study published by Growth Market Reports (GMR) titled, “Global Eye Care Products Market by Types, Sales Channel, and Regions: Size, Share, Trends, and Opportunity Analysis, 2017-2027”, the market was valued at USD 10,396.3 Million in 2019 and is expected to expand at a CAGR of 4.9% during the forecast period.

Request Sample Report:https://growthmarketreports.com/request-sample/128

The global eye care products market is anticipated to grow owing to the rising incidences of eye diseases, which have fueled the adoption of eye care products. Rise in awareness among consumers regarding health and increase in the presence of several significant players in the market are some factors driving the demand for eye care products. The rising prevalence of the eye diseases among the consumers are also some of the factors, which has led to the rise in the demand for the eye care products, which are some of the factors, which contributes for the demand for eye care products.

Some of the factors including, insomnia and changing lifestyle patterns boosting the adoption of eye care products. Rising awareness among consumers regarding the health of the eyes is driving the market growth. Growing adoption of eye care products by the young generation for the prevention of eye diseases has led to the growth in demand for eye care products and hence driving the market. However, some of the factors including side effects of the eye care products is hampering the market growth. Technological advancements in ophthalmic devices, government initiatives to control visual impairment, and rising adoption of eye care products, boosting market growth.

The global eye care products market is fragmented based on types, Sales Channel, and regions. On the basis of types, the eye care products market is segmented into artificial tear drops, ointments or emollients, eye washes, hyperosmotic, eyelid scrubs, decongestants, and antihistamines. In terms of Sales Channel, the market is segregated into online pharmacy, retail pharmacy, and hospital pharmacy.

Based on region, the global eye care products market is classified as North America, Europe, Latin America, and Middle East & Africa. North America is bifurcated into countries such as the US and Canada. The Europe region is categorized as the UK, France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is split into countries, China, Japan, South Korea, India, Australia, South East Asia (SEA), and Rest of Asia Pacific. Europe is categorized as Germany, France, the UK, Italy, Spain, Russia, and Rest of Europe, while the MEA is divided into Saudi Arabia, South Africa, the UAE, and Rest of Middle East & Africa.

For More Information: https://growthmarketreports.com/enquiry-before-buying/128

In year 2020, the eye care products market is expected to witness the slight growth due to COVID-19 pandemic. The outbreak has forced people to pay more attention towards regular eye health concerns and the awareness regarding rising eye issues due to increased screen time during this pandemic. This is positively affecting the demand for eye care products. Moreover, the increasing availability of eye care products on e-commerce retail platform is anticipated to create lucrative opportunity for the growth of market during this pandemic situation.

As per GMR industry analyst Vidya Jadhav, “The global eye care products market is anticipated to expand at significant pace during the forecast period, from 2020 to 2027. The market is driven by the rising adoption of eye care products for the prevention of eye diseases and increasing adoption of healthy lifestyle by consumers are some of the factors boosting the market.”

Global Eye Care Products Market Key Takeaways

Key Takeaways from the Study:

  • North America accounts for a major share of the market, followed by Europe. The market in China is projected to expand at significant CAGR during the forecast period.
  • In terms of value, the artificial tear drops segment is projected to increase at a substantial CAGR during the forecast timeline.

Buy Full Report at https://growthmarketreports.com/report/eye-care-products-market-global-industry-analysis

Report Scope:

Report Metric Details
Market Value in 2019 USD 10,396.25 Million
Market Growth Rate (from 2021 to 2027) 4.9%
Historical Data 2017 & 2018
Base Year 2019
Forecast Period 2020 – 2027
Units Considered Value (USD Million) and Volume (Units)
Market Segments Types and Sales Channel
Regional Scope North America, Europe, Latin America, Asia Pacific, and Middle East & Africa (MEA)
Country Scope The US, Canada, Brazil, Mexico, Rest of Latin America, India, China, Japan, South Korea, Australia, South East Asia, Rest of Asia Pacific, the UK, France, Germany, Italy, Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, the UAE, and Rest of MEA.
Key Companies Profiled Allergan, Prestige Brands, Bausch and Lomb, Croda, Akorn Consumer Health, Shire, Novartis, Sager Pharma,Rohto,Johnson and Johnson, Accutome, Scope Ophthalmics, VISUfarma, and Similasan
Customization Scope Report customization available on request
Pricing and Purchase Options Avail tailor-made purchase options to meet your research requirements

Target Audience:

  • Supply-side: Eye care products manufacturers, raw material suppliers, and distributors
  • Demand Side: Healthcare professionals, adults, ophthalmologists, eye care technicians
  • Regulatory Side: concerned government authorities, government agencies, and other regulatory bodies
  • Associations and Industry Bodies: The US Food and Drugs Administration (FDA), Code of Federal Regulations, General Medical Council, Care Quality Commission, National Patient Safety Agency (NPSA), The Medicines and Healthcare products Regulatory Agency, International Council of Ophthalmology, and American Academy of Ophthalmology

Request Sample Report:https://growthmarketreports.com/request-sample/128

About Us:
Our reports are more than just research reports to us. They are tools that enable us to maintain long-term relationships with our clients whom we honor and cherish. Our client’s business growth is integral for not only them but also us. This is what differentiates us from other market research companies.

At GMR, we provide our expertise and guideline for success. Our team of efficient and experienced researchers and consultants provide progressive market intelligence reports that are accurate, authentic, and in-depth. This empowers the clients to make well-informed decisions.

Moreover, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries including chemicals and materials, energy, automobile, healthcare, consumer goods, and technology. Our deep understanding of many business environments across industries such as those mentioned above allows us to deliver tailor-made reports.

Contact Us:
Alex Mathews
Head of Business Development
Phone No.: +1 909 545 6473
Email – sales@GrowthMarketReports.com
Website – https://GrowthMarketReports.com
Address – 500 East E Street, Ontario, CA 91764, United States.

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