NEW YORK, Oct. 14, 2022 /PRNewswire/ -- The global vision care market size is expected to grow by USD 13.96 billion between 2021 and 2026, accelerating at a CAGR of 3.79% during the forecast period. The report identifies APAC as the key market for vision care, occupying 36% of the global market share. The rising investments in the healthcare sector is creating high growth opportunities for players operating in the region. Explore key revenue-generating regions, future growth opportunities, current market size, vendor landscape, key growth drivers, and much more. Buy Report Now
The market is driven by the increasing number of M&As. Many firms operating in the market are focusing on increasing their range of product portfolios and expanding their presence in the market through mergers and acquisitions. For instance, in March 2021, Zeiss completed the acquisition of US Vision Corp.'s optical laboratory in Blackwood, US. This new addition helped Zeiss expand its R&D network in the US. Similarly, in July 2021, EssilorLuxottica completed the acquisition of GrandVision, representing an important milestone for EssilorLuxottica and a significant step toward unlocking EssilorLuxottica's full potential. Many such M&As among vendors are expected to fuel the growth of the vision care market during the forecast period.
However, limitations in vision care products will reduce the growth potential in the market. Contact lenses can cause irritation to the eye for some individuals. Contaminated contact lenses or lenses that are worn for too long can lead to medical conditions such as keratitis. In some cases, particularly with daily disposable contact lenses, the overall cost of lenses may be much higher when compared with buying a regular pair of glasses. Moreover, contact lens-related discomfort can encourage people to opt for vision correction surgery. Such limitations may hamper the market growth during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The vision care market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Request Sample Report Here
Vision Care Market 2022-2026: Segmentation
- Product
- Glass Lens
- Contact Lens
- Intraocular Lenses
- Contact Lens Solution
- Others
The glass lens segment will have the largest share of the market during the forecast period. The constant rise in the demand for glass lens products due to the rising cases of myopia and their cost-effectiveness. is driving the growth of the segment.
- Geography
- North America
- Europe
- APAC
- South America
- The Middle East and Africa
36% of the market growth is expected to come from APAC during the forecast period. China and Japan are the key markets for vision care in APAC. Market growth in this region will be faster than the growth of the market in other regions. Discover Insights into the impact of each segment and make informed business decisions: Request Sample Report Now
Vision Care Market 2022-2026: Vendor Analysis and Scope
Some of the major vendors of the vision care market include UltraVision CLPL, Alcon Inc., Bausch Health Co Inc, Carl Zeiss AG, EssilorLuxottica SA, Ginko International Co. Ltd., HOYA Vision Care Europe Hoya Holdings N.V, Johnson and Johnson, Menicon Co. Ltd., Mojo Vision Inc., NIDEK Co. Ltd, Ophtec BV, SAV IOL SA, Seiko Optical Products Co. Ltd., Sensimed AG, Shanghai Conant Optical Co. Ltd., St.Shine Optical Co. Ltd., SynergEyes Inc., The Cooper Companies Inc., and Visioneering Technologies Inc. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. The report covers the following areas:
Vision Care Market 2022-2026: Key Highlights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist vision care market growth during the next five years
- Estimation of the vision care market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the vision care market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of vision care market vendors
Related Reports:
- Optical Lens Market by End-user and Geography - Forecast and Analysis 2022-2026
- Contact Lens Solutions Market by Service and Geography - Forecast and Analysis 2022-2026
Vision Care Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.79% |
Market growth 2022-2026 |
USD 13.96 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.04 |
Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
Performing market contribution |
APAC at 36% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
UltraVision CLPL, Alcon Inc., Bausch Health Co Inc, Carl Zeiss AG, EssilorLuxottica SA, Ginko International Co. Ltd., HOYA Vision Care Europe Hoya Holdings N.V, Johnson and Johnson, Menicon Co. Ltd., Mojo Vision Inc., NIDEK Co. Ltd, Ophtec BV, SAV IOL SA, Seiko Optical Products Co. Ltd., Sensimed AG, Shanghai Conant Optical Co. Ltd., St.Shine Optical Co. Ltd., SynergEyes Inc., The Cooper Companies Inc., and Visioneering Technologies Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Glass lens - Market size and forecast 2021-2026
- Exhibit 28: Chart on Glass lens - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Glass lens - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Glass lens - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Glass lens - Year-over-year growth 2021-2026 (%)
- 5.4 Contact lens - Market size and forecast 2021-2026
- Exhibit 32: Chart on Contact lens - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Contact lens - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Contact lens - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Contact lens - Year-over-year growth 2021-2026 (%)
- 5.5 Intraocular lenses - Market size and forecast 2021-2026
- Exhibit 36: Chart on Intraocular lenses - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Intraocular lenses - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Intraocular lenses - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Intraocular lenses - Year-over-year growth 2021-2026 (%)
- 5.6 Contact lens solution - Market size and forecast 2021-2026
- Exhibit 40: Chart on Contact lens solution - Market size and forecast 2021-2026 ($ billion)
- Exhibit 41: Data Table on Contact lens solution - Market size and forecast 2021-2026 ($ billion)
- Exhibit 42: Chart on Contact lens solution - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Contact lens solution - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by Product
- Exhibit 48: Market opportunity by Product ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 Japan - Market size and forecast 2021-2026
- Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.12 UK - Market size and forecast 2021-2026
- Exhibit 90: Chart on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 91: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 92: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 Alcon Inc.
- Exhibit 101: Alcon Inc. - Overview
- Exhibit 102: Alcon Inc. - Business segments
- Exhibit 103: Alcon Inc. - Key offerings
- Exhibit 104: Alcon Inc. - Segment focus
- 10.4 Bausch Health Co Inc
- Exhibit 105: Bausch Health Co Inc - Overview
- Exhibit 106: Bausch Health Co Inc - Business segments
- Exhibit 107: Bausch Health Co Inc - Key news
- Exhibit 108: Bausch Health Co Inc - Key offerings
- Exhibit 109: Bausch Health Co Inc - Segment focus
- 10.5 Carl Zeiss AG
- Exhibit 110: Carl Zeiss AG - Overview
- Exhibit 111: Carl Zeiss AG - Business segments
- Exhibit 112: Carl Zeiss AG - Key offerings
- Exhibit 113: Carl Zeiss AG - Segment focus
- 10.6 EssilorLuxottica SA
- Exhibit 114: EssilorLuxottica SA - Overview
- Exhibit 115: EssilorLuxottica SA - Business segments
- Exhibit 116: EssilorLuxottica SA - Key offerings
- Exhibit 117: EssilorLuxottica SA - Segment focus
- 10.7 Johnson and Johnson
- Exhibit 118: Johnson and Johnson - Overview
- Exhibit 119: Johnson and Johnson - Business segments
- Exhibit 120: Johnson and Johnson - Key news
- Exhibit 121: Johnson and Johnson - Key offerings
- Exhibit 122: Johnson and Johnson - Segment focus
- 10.8 Menicon Co. Ltd.
- Exhibit 123: Menicon Co. Ltd. - Overview
- Exhibit 124: Menicon Co. Ltd. - Product / Service
- Exhibit 125: Menicon Co. Ltd. - Key news
- Exhibit 126: Menicon Co. Ltd. - Key offerings
- 10.9 Sensimed AG
- Exhibit 127: Sensimed AG - Overview
- Exhibit 128: Sensimed AG - Product / Service
- Exhibit 129: Sensimed AG - Key offerings
- 10.10 SynergEyes Inc.
- Exhibit 130: SynergEyes Inc. - Overview
- Exhibit 131: SynergEyes Inc. - Product / Service
- Exhibit 132: SynergEyes Inc. - Key offerings
- 10.11 The Cooper Companies Inc.
- Exhibit 133: The Cooper Companies Inc. - Overview
- Exhibit 134: The Cooper Companies Inc. - Business segments
- Exhibit 135: The Cooper Companies Inc. - Key offerings
- Exhibit 136: The Cooper Companies Inc. - Segment focus
- 10.12 UltraVision CLPL
- Exhibit 137: UltraVision CLPL - Overview
- Exhibit 138: UltraVision CLPL - Product / Service
- Exhibit 139: UltraVision CLPL - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 140: Inclusions checklist
- Exhibit 141: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 142: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 143: Research methodology
- Exhibit 144: Validation techniques employed for market sizing
- Exhibit 145: Information sources
- 11.5 List of abbreviations
- Exhibit 146: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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