Best News Network

Vision Care Market Breakthroughs: The Key to Better Eyesight and Quality of Life

Newark, New Castle, USA, June 08, 2023 (GLOBE NEWSWIRE) — The market analysis of the global vision care market was conducted by Growth Plus Reports in 2022 and is valued at US$ 85.62 billion. The market is expected to hit a revenue CAGR of 6.9% to reach US$ 156.10 billion by 2031.

Analysis of the global market for vision care indicates that during the forecast period, revenue share is likely to increase significantly. 

The vision care market dynamics are influenced by various factors. Firstly, the increasing prevalence of vision disorders, such as myopia, hyperopia, and age-related macular degeneration, drives the demand for vision care products and services. The increasing geriatric population and the use of digital devices contribute to the rising incidence of vision problems.

Request a Free Sample of the Research Report: https://www.growthplusreports.com/inquiry/request-sample/vision-care-market/8944

                                Vision Care Market Scope

Report Attribute Details
Market Size Value in 2022 US$ 85.62 billion
Revenue Forecast in 2031 US$ 156.10 billion
CAGR 6.9%
Base Year for Estimation 2022
Forecast Period 2023 to 2031
Historical Year 2021
Segments Covered Product, Distribution Channel, and Region
Regional Scope North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Secondly, technological advancements in vision care, including the development of innovative contact lenses, spectacle lenses, and surgical techniques, are shaping the market. These advancements aim to provide enhanced visual correction, comfort, and convenience to patients. Thirdly, the growing awareness about the importance of regular eye examinations and preventive eye care drives market revenue growth. Increasing consumer awareness and education campaigns promote early detection and treatment of vision disorders. 

Finally, the rising trend of customized and personalized vision care solutions, such as tailored prescription lenses and advanced diagnostic tools, adds to the market dynamics. Overall, the vision care market is driven by the increasing prevalence of vision disorders, technological advancements, awareness campaigns, and the demand for personalized solutions to meet the different needs of individuals seeking optimal vision correction and eye health.

Recent Development in the Vision Care Market: 

  • In July 2022, Myopia Care for Kids is a new worldwide marketing and education initiative by HOYA Vision Care. The effort seeks to increase public awareness of the rising problem of childhood myopia throughout the world and to enlighten people in-depth about the cutting-edge MiYOSMART spectacle lens, which was created especially for children ages 8 to 13 to prevent the progression of myopia.

Inquiry Before Buying: https://www.growthplusreports.com/inquiry/before-buying/vision-care-market/8944

Competitive Landscape

A list of the prominent players operating in the global market for vision care includes: 

  • HOYA Corporation
  • CooperVision
  • Bausch & Lomb Incorporated (sub. Valeant Pharmaceuticals International Inc.)
  • ZEISS International
  • Johnson & Johnson Vision 

Market Segmentation: 

Based on product, the global vision care market is segmented into eyewear, contact lens, intraocular lens, and others. 

In terms of the vision care market projection, the eyewear segment had the greatest revenue share of the worldwide market.

The eyewear segment is further sub-segmented into spectacles and sunglasses, which have more types further. 

Based on distribution channels, the global vision care market is segmented into retail stores, online stores, ophthalmologists, and others. 

Based on the region, North America, with the largest revenue share, dominates the global vision care market. This large revenue share is attributed to the 

Report Coverage 

Global market research on the vision care market was done in-depth by Growth Plus Reports. We looked at the core market traits, noteworthy investment prospects, regional growth trends, ten-year revenue projections, rival market participants, and mergers and acquisitions.

Table of Content

  1. INTRODUCTION
    1. Market Ecosystem
    2. Timeline Under Consideration
      1. Historical Years – 2021
      2. Base Year – 2022
      3. Forecast Years – 2023 to 2031
    3. Currency Used in the Report
  2. RESEARCH METHODOLOGY 
    1. Research Approach
    2. Data Collection Methodology
    3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
    4. Market Estimation Approach
      1. Bottom Up
      2. Top Down 
    5. Market Forecasting Model
    6. Limitations and Assumptions
  3. PREMIUM INSIGHTS
    1. Current Market Trends (COVID-19 Perspective)
    2. Key Players & Competitive Positioning (2022) 
    3. Regulatory Landscape
    4. Reimbursement Scenario 
  4. MARKET DYNAMICS
    1. Drivers
    2. Restraints/Challenges
    3. Opportunities
  5. GLOBAL VISION CARE MARKET – ANALYSIS & FORECAST, BY PRODUCT
    1. Eyewear
      1. Spectacles
        1. Single Vision
        2. Bifocal
        3. Progressive
      2. Sunglasses
    2. Contact Lens
    3. Intraocular Lens
    4. Others
  6. GLOBAL VISION CARE MARKET – ANALYSIS & FORECAST, BY DISTRIBUTION CHANNEL
    1. Retail Stores
    2. Online Stores
    3. Ophthalmologists
    4. Others

VISION CARE MARKET TOC

Buy this Premium Research Report: https://www.growthplusreports.com/checkout-8944

VALUE PROPOSITIONS RELATED TO THE REPORT:

  • Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
  • Comprehensive quantitative and qualitative insights at segment and sub-segment level
  • Covid 19 impact trends and perspective
  • Granular insights at global/regional/country level
  • Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
  • Blanket coverage on competitive landscape
  • Winning imperatives
  • Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market.

CUSTOMIZATION OPTIONS:

  • Distributor Landscape Assessment
  • Pricing Intelligence
  • Customer Base Assessment
  • Investment & Initiatives Analysis
  • ‘Business Profile’ of Key Players

Schedule a call with our analyst: https://appoint.ly/s/salesZ3Jvd3RocGx1c3JlcG9ydHMuY29t/introduction

Visit our report store at – https://www.growthplusreports.com/report-store

Browse more latest healthcare reports:

Hypertensive Crisis Agents Market by Drug Class (Beta-blockers, Vasodilators, Calcium Channel Blockers), Distribution Channel (Hospital Pharmacies, Retail Pharmacies) – Global Outlook & Forecast 2023-2031

Nummular Eczema Treatment Market by Drug Class (Immunomodulators, Antibiotics, Antihistamines), Route of Administration (Topical, Oral, Parenteral), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) – Global Outlook & Forecast 2023-2031

Gastric Function Test Market by Test Type (Helicobacter Pylori Tests, Gastric Motility Tests, Gastric Emptying Tests), Application (Gastric Cancer, Gastroesophageal Reflux Disease (GERD), Gastroparesis), End User (Hospitals, Diagnostic Laboratories) – Global Outlook & Forecast 2023-2031

Adenosine Deaminase Inhibitors Market by Type (Pentostatin, Elapegademase), Application (Chronic Lymphocytic Leukemia, Hairy Cell Leukemia) – Global Outlook & Forecast 2023-2031

Adenosquamous Carcinoma Treatment Market by Indication (Breast Cancer, Lungs Cancer), Treatment Regime (Monotherapy, Combination Therapy), Therapy (Chemotherapy, Immunotherapy) – Global Outlook & Forecast 2023-2031

About Us:

Growth Plus Reports is part of GRG Health, a global healthcare knowledge service company. We are proud members of EPhMRA (European Pharmaceutical Marketing Research Association).

Growth Plus portfolio of services draws on our core capabilities of secondary & primary research, market modelling & forecasting, benchmarking, analysis and strategy formulation to help clients create scalable, ground-breaking solutions that prepare them for future growth and success.

We were awarded by the prestigious CEO Magazine as “Most Innovative Healthcare Market Research Company in 2020.


        

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Health News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.