Global Vision Care Market (Eye Glasses and Contact Lenses) - Strategic Assessment and Forecast 2017 - 2022
NEW YORK, Nov. 30, 2017 /PRNewswire/ --
The Global Vision Care Market is Likely to Grow at a CAGR More Than 3% During the Forecast Period 2017–2022
Read the full report: https://www.reportlinker.com/p04835184
Vision Care Market – Report Insights
Vision care products include eyeglasses, contact lenses, intraocular lenses, and other products, which are used to correct visual impairments or prevent blindness. These products, especially eyeglasses, increasingly share their market with functional fashion accessories such as sunglasses, UV protective, and decorative glasses, resulting in the rise of value-added and co-branded products.
Scope of the Report
The report titled "Global Vision Care Market – Strategic Assessment and Forecast 2017–2022" provides the detailed insights about the global vision care market and its strategic assessment during the period 2017–2022. The report includes a detailed market analysis for major eye care products sold over the counter (OTC) to consumers.
The report provides the analysis of key segments of the vision care market by product, distribution channels, geography, country, and vendors. It provides a comprehensive analysis of market revenues and forecast in terms of the following:
By Product
1. Eye Glasses
• Single vision eyeglasses
• Bifocal eyeglasses
• Progressive eye glasses
2. Contact Lens
2.1. By Usage
• Single-day usage
• Bi-weekly usage
• Weekly
2.2. By Modality
• Spherical
• Toric
• Multi-focal
3. Intraocular Lens
4. Others
• Artificial tears
• Lens care solution
By Distribution Channel
• Retail stores
• Online stores
• Clinics
• Hospitals
By Geography
• APAC
• Europe
• Latin America
• MEA
• North America
By Country
• Canada
• China
• India
• Japan
• US
Vision Care Market – Market Size and Dynamics
Analysts at Beige Market Intelligence expect that the global vision care market is likely to witness a high growth in its sales during the forecast period. The main driver for the growth is increased incidence of vision impairments and infections, followed by faster replacement and shorter usage cycles. The demand for OTC products is also driven by the rise in innovative and value-added products that no longer just cater to the just functional use but also are emerging to be ideal blends of function and fashion. The global vision care market is likely to grow at a CAGR more than 3% during the forecast period.
The eye glasses segment is growing faster than the other segments in the market. A detailed market size of the various sub-segments of eyeglasses, contact lenses, and intraocular lenses is included in the report. The progressive eye glasses segment is one of the major segments which is expected to contribute a significant revenue during the forecast period. Moreover, the artificial tears market is one of the fastest growing markets in the vision care industry.
Further, a detailed description of the sale of the vision care products through various distribution channels is being provided in the report. Retail stores, both standalone and hybrid, constitute a major share of sales of vision care products. The online stores segment is an emerging distribution channel that incidentally is not only the fastest growing segment but also the most radically evolving one in terms of innovation.
Vision Care Market – Trends, Drivers, and Challenges
The share of online stores as a distribution channel of the vision care products witnessed an immense growth during the period 2010–2016. With the increased penetration of internet, the sale distribution of eyeglasses and contact lenses through online stores is expected to increase impressively during the forecast period. The rise of online stores as a distribution channel of vision care products is one of the emerging trends discussed in the report.
The other top trends included in the report are transversal usage trends of vision care and fashion accessories and reduced lifecycle of lenses due to pollution and other factors. The computer vision syndrome and prolonged exposure to digital content, increased incidence of eye-disorders corroborated with aging population, and public and private investments to tackle avoidable blindness are among the major growth drivers that are likely to boost the market.
The report also provides a detailed study of expected challenges to the market. It provides the Porter's five forces analysis along with a description of each force and its impact on the market.
Vision Care Market – Geographical Analysis
The vision care market in North America is expected to emerge as the largest market by 2022. The demand for eye care products in the region is largely driven by high awareness, better product availability, and extensive reach of innovative products. The MEA region is likely to have the highest growth rate during the forecast period. APAC remains to be the largest market for eye glasses in terms of revenues. Similarly, North America and Europe lead the market share of the artificial tears segment due to the presence of key market players. The report includes market analysis of different regions such as APAC, Europe, Latin America, MEA, and North America. It also outlines the major market share holders and analyzes the market size of all the leading regions.
Vision Care Market – Key Vendors and Market Share
The market is highly competitive as many local and international players are competing to gain the share of the market. The report profiles all major companies in the global vision care market and also provides the competitive landscape and market shares of key players. It covers the entire market outlook regarding the value chain operating within the market.
Major Vendors
Following are the major vendors that operate in the global vision care market:
• Cooper Vision
• Essilor
• Novartis
• Luxottica Group
• Johnson & Johnson
Other prominent vendors included in the report are: SEIKO, Valeant Pharmaceuticals, Carl Zeiss, Hoya Corp., All Pro Intraocular Lens Co, Fielmann AG, Menicon Co., Rodenstock GmbH, SynergEyes, and UltraVision CLPL.
Read the full report: https://www.reportlinker.com/p04835184
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