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Global Eye Care Market (2020 to 2026) - by Product Type, Coating, Lens Material, Distribution Channel and Region
Friday, April 2, 2021
DUBLIN, March 30, 2021 /PRNewswire/ -- The "Global Eye Care Market, By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Others), By Coating (Anti-Glare, UV coating, Others), By Lens Material (Normal Glass, Polycarbonate, Others), By Distribution channel, By Region, Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
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The Global Eye Care Market was valued at USD53.05 billion in 2020 and is expected to witness a significant CAGR of 6.31% during the forecast period owing to the growing awareness towards eye health and increasing prevalence of various eye disorders around the world. Additionally, rising awareness about ocular diseases such as myopia has created a spike in the demand for eye care products such as eyeglasses and sunglasses among consumers. Furthermore, increasing usage of electronic devices such as smartphones has led to various eye related disorders, which is propelling the growth of the eye care market. Also, advent of innovative technologies in the eye care industry has enabled manufacturers to launch new products, which is expected to drive the market growth in the coming years.
Moreover, initiatives being taken by governments and various health organizations to spread awareness about eye care are providing a major boost for the market growth. The growing geriatric population base is also acting as a key factor for the growth of eye care market as they are highly prone to one or more vision related disorders and diseases. Apart from that, increasing level of air pollution is leading to various eye related problems, which is creating a high demand for eye care products.
The Global Eye Care Market can be segmented based on product type, coating, lens material, distribution channel and region. Among them, the e-commerce segment is expected to dominate the market during the forecast period as they offer a variety of eye care products to choose from and some of them also offer products at a discounted price. Some of these e-commerce sites are also introducing online testing, where one can check the status of their eyes and take professional advice.
Based on region, North America dominated the Eye Care Market in 2020 owing to the high per capita disposable income of the region and technological advancements in the eye care industry. However, Asia-Pacific is anticipated to undergo the fastest growth in the coming years owing to the increasing number of people suffering from various eye disorders. The growing focus of government in developing countries such as India on creating vision care awareness and increasing expenditure on healthcare are some other factors making Asia-Pacific a promising market for the eye care industry.
Major companies operating in the Global Eye Care Market include Alcon Inc, Allergan Inc, Essilor Luxottica SA, Johnson and Johnson, Hoya Corporation, Bausch and Lomb Inc, F. Hoffmann-La Roche AG, Carl Zeiss Meditec AG, CopperVision Inc, Menicon Co ltd., Pfizer Inc., Novartis AG, Merc & Co. Inc, Interojo Inc, and Avizor SA, among others. The market players are working on strategic collaborations to increase their global reach. They are also investing in R&D activities to launch new and innovative eye care products into the market.
Objective of the Study:
-- To analyze the historical growth in the market size of the Global Eye
Care Market from 2016 to 2020.
-- To estimate and forecast the market size in the Global Eye Care Market
from 2021 to 2026.
-- To classify and forecast the Global Eye Care Market based on type
product, by coating, by lens material, End-User, and regional
distribution.
-- To identify drivers and challenges for the Global Eye Care Market.
-- To examine competitive developments such as expansions, new product
launches, mergers and acquisitions, etc., in the Global Eye Care Market.
-- To conduct pricing analysis for the Global Eye Care Market.
-- To identify and analyze the profile of leading players operating in the
Global Eye Care Market.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Eye Care Market
4. Executive Summary
5. Voice of Customer
6. Global Eye Care Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Others)
6.2.2. By Coating (Anti-Glare, UV, Others)
6.2.3. By Lens Material (Normal Glass, Polycarbonate, Trivex, Others)
6.2.4. By Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals)
6.2.5. By Company (2020)
6.2.6. By Region
6.3. Product Market Map
7. North America Eye Care Market Outlook
7.1. Market Size & Forecast
7.2. Market Share & Forecast
7.3. : North America Country Analysis
8. Europe Eye Care Market Outlook
8.1. Market Size & Forecast
8.2. Market Share & Forecast
8.3. Europe: Country Analysis
9. Asia Pacific Eye Care Market Outlook
9.1. Market Size & Forecast
9.2. Market Share & Forecast
9.3. Asia Pacific: Country Analysis
10. South America Eye Care Market Outlook
10.1. Market Size & Forecast
10.2. Market Share & Forecast
10.3. South America: Country Analysis
11. Middle East and Africa Eye Care Market Outlook
11.1. Market Size & Forecast
11.2. Market Share & Forecast
11.3. MEA: Country Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles (SWOT Analysis of Top 5 Players Profiled)
14.2.1. EssilorLuxottica SA
14.2.2. Johnson and Johnson
14.2.3. Alcon Inc
14.2.4. Hoya Corporation
14.2.5. Allergan Inc
14.2.6. CopperVision Inc
14.2.7. Bausch and Lomb Inc
14.2.8. Menicon Co Ltd
14.2.9. Carl Zeiss Meditec AG
14.2.10. Pfizer Inc.
14.2.11. Novartis AG
14.2.12. Merck & Co. Inc
14.2.13. F. Hoffmann-La Roche AG
14.2.14. Interojo Inc
14.2.15. Avizor SA
15. Strategic Recommendations
16. About the Publisher & Disclaimer
For more information about this report visit https://www.researchandmarkets.com/r/4qunic
Media Contact:
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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