iCrowdNewswire Jan 27, 2021 6:00 AM ET
Vision care plays an essential role in ophthalmology. The vision care products and procedures are used for treating the indications. For instance, the prevalence of vision impairment is about 1,000 million cases globally. Vision care has benefited resolve ophthalmic disorders and diseases.
The global vision care market is on a path to grow beyond USD 70,818.48 Million valuation by 2025 at a CAGR of 4.48% during the forecast period of 2019 to 2025.
MRFR made an assessment of the global vision care market by having it segmented into product type, end user, indication, and treatment. These segments and their insights based on the factors and dynamics motivating the segmental moves have been charted well to get a closer look at the global market progress.
By product type, the report on the vision care market can be segmented into a contact lens, eyeglasses, intraocular lens (IOL), contact lens solution, and others. The contact lens segment includes a therapeutic lens, cosmetic, corrective lens, and lifestyle-oriented lens. The eyeglasses segment dominates the market, and it is sub-segmented into Single Vision, Progressive, Bifocal, and Sunglasses. The IOL segment includes traditional/mono-focal, premium, and phakic.
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By indication, the global market for vision care can be segmented into refractive error, glaucoma, diabetic retinopathy, amblyopia, dry eyes, and others. The refractive error segment is quite common. The dry eyes segment is also common as the malfunctioning of tear glands happen to a lot of people.
By treatment, the global market for vision care can be segmented into surgery, medication, laser therapy, and others. The surgery part can be sub-segmented into cornea transplant, vitrectomy, and cataract surgery. It has the maximum market share. The medication segment includes acetylcysteine, gentamicin, acetazolamide, and others.
Technological superiority, better infrastructure, and investment flow, high awareness are some of the reasons that will establish the American market at the forefront. In Europe, the same type of growth will be witnessed. The Asia Pacific region will be the fastest-growing one among all.
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The global market for vision care has several companies to bolster growth. These companies are The Cooper Companies, Inc [US] (Cooper Vision), ESSILORLUXOTTICA (France), Bausch Health [Canada] (Bausch & Lomb Incorporated), Johnson & Johnson Services, Inc. (US), NOVARTIS AG (Switzerland), Cadila Healthcare [India] (Zydus Pharmaceuticals, Inc.), Menicon (Japan), Rayner Surgical Group Limited [UK] (Rayner Intraocular Lenses Limited), and Carl-Zeiss-Stiftung [Germany] (Carl Zeiss).
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