Global Vision Care Market 2023-2027

Global Vision Care Market 2023-2027
The vision care market is forecasted to grow by USD 14.83 bn during 2022-2027, accelerating at a CAGR of 3.88% during the forecast period. The report on the vision care market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing prevalence of vision disorders and eye diseases, the rise in the diabetic population, and initiatives to create awareness regarding vision care.

Technavio's vision care market is segmented as below:

By TypePrescriptionNon-prescriptionBy ProductGlass lensContact lensIntraocular lensesContact lens solutionOthersBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaMiddle East and AfricaThis study identifies the advancements in technology and surgeries related to vision correction as one of the prime reasons driving the vision care market growth during the next few years. Also, rise in adoption of online retail channels and e-commerce platforms and rise number of M and A will lead to sizable demand in the market.

The report on the vision care market covers the following areas:Vision care market sizingVision care market forecastVision care market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vision care market vendors that include Alcon Inc., Bausch Health Companies Inc., Carl Zeiss AG, EssilorLuxottica, Ginko International Co. Ltd., HOYA CORP., Johnson and Johnson, Menicon Co. Ltd., Mojo Vision Inc., NIDEK Co. Ltd., Ophtec BV, SAV IOL SA, SEED Co. Ltd., Seiko Holdings Corp., Shanghai Conant Optics Co. Ltd., St. Shine Optical Co. Ltd., SynergEyes Inc., The Cooper Companies Inc., UltraVision CLPL, and Visioneering Technologies Inc. Also, the vision care market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.