The global vision care market reached a value of US$ 58.83 Billion in 2018. Vision care refers to the process of maintaining the overall functioning and quality of the eyes. Healthy eyesight is necessary for proper brain functioning as optimum vision helps an individual in carrying out different activities. Over the years, the number of vision ailments, such as cataract, glaucoma, conjunctivitis and retinal detachment, has increased significantly due to sedentary lifestyles, growing geriatric population and rising pollution levels. This has led to the development and production of various medicines in the form of pills, ointments and drops. In order to prevent these diseases, people get vision tests regularly, including visual field test for peripheral vision, visual acuity screening for measuring distance vision and tonometry for detecting glaucoma.
In recent years, there has been an improvement in the prevention of visual impairments with the advent of advanced technologies, along with the availability of experienced surgeons and practitioners. New treatments, such as gene therapy, computerized eye evaluations and stem cell therapy, have proven to be effective measures in the vision care industry. Some of the other technological advancements that have been introduced for ophthalmologists include selective laser trabeculoplasty, diode or argon laser, and wave-front analysis. Furthermore, owing to the rising prevalence of vision ailments, governmental and non-governmental organizations across the globe, especially in developing regions, have been undertaking initiatives to spread awareness about the availability of appropriate treatments and therapies. For instance, a pilot project has been implemented in India by the not-for-profit organization, India Vision Institute (IVI), and the Czech Republic-based start-up, DOT Glasses. The project focusses on the provision of vision screening access to the underprivileged and the prevention of avoidable blindness across the country. According to IMARC Group, the market is projected to reach a value of US$ 70.52 Billion by 2024, at a projected CAGR of around 2.96% during 2019-2024.
Breakup by Product Type:
- Glass Lenses
- Contact Lenses
- Intraocular Lenses
- Contact Solutions
- Lasik Equipment
- Artificial Tears
At present, glass lenses are mostly preferred by consumers across the globe.
Breakup by Distribution Channel:
- Retail Stores
- Online Stores
- Clinics
- Hospitals
Retail stores are the most popular distribution channel in the market.
Regional Insights:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
North America currently represents the biggest market for vision care, accounting for the majority of the total market share.
Competitive Landscape:
The report has also analyzed the competitive landscape of the market, with some of the key players being Johnson & Johnson Services, Inc., CooperVision, Inc. (Cooper Companies, Inc.), Bausch Health Companies Inc., Essilor International, and Novartis International AG.
Key Questions Answered in This Report:
- How has the global vision care market performed so far and how will it perform in the coming years?
- What are the key regions in the market?
- Which are the popular product types in the market?
- Which are the major distribution channels in the market?
- What are the various stages in the value chain of the market?
- What are the key driving factors and challenges in the market?
- What is the structure of the market and who are the key players?
- What is the degree of competition in the market?
- How are vision care products manufactured?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vision Care Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by Distribution Channel
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.7.1 Overview
5.7.2 Strengths
5.7.3 Weaknesses
5.7.4 Opportunities
5.7.5 Threats
5.8 Value Chain Analysis
5.8.1 Overview
5.8.2 Research and Development
5.8.3 Raw Material Procurement
5.8.4 Manufacturing
5.8.5 Marketing
5.8.6 Distribution
5.8.7 End-Use
5.9 Porters Five Forces Analysis
5.9.1 Overview
5.9.2 Bargaining Power of Buyers
5.9.3 Bargaining Power of Suppliers
5.9.4 Degree of Competition
5.9.5 Threat of New Entrants
5.9.6 Threat of Substitutes
6 Market Breakup by Product Type
6.1 Glass Lenses
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Contact Lenses
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Intraocular Lenses
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Contact Solutions
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Lasik Equipment
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Artificial Tears
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Retail Stores
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Online Stores
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Clinics
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Hospitals
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Latin America
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Forecast
9 Vision Care Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.1 Johnson & Johnson
10.3.1.1 Company Overview
10.3.1.2 Description
10.3.1.3 Product Portfolio
10.3.1.4 Financials
10.3.1.5 SWOT Analysis
10.3.2 Cooper
10.3.2.1 Company Overview
10.3.2.2 Description
10.3.2.3 Product Portfolio
10.3.2.4 Financials
10.3.2.5 SWOT Analysis
10.3.3 Bausch (Valeant Pharmaceuticals)
10.3.3.1 Company Overview
10.3.3.2 Description
10.3.3.3 Product Portfolio
10.3.3.4 Financials
10.3.3.5 SWOT Analysis
10.3.4 Essilor
10.3.4.1 Company Overview
10.3.4.2 Description
10.3.4.3 Product Portfolio
10.3.4.4 Financials
10.3.4.5 SWOT Analysis
10.3.5 Novartis AG
10.3.5.1 Company Overview
10.3.5.2 Description
10.3.5.3 Product Portfolio
10.3.5.4 Financials
10.3.5.5 SWOT Analysis
List of Figures
Figure 1: Global: Vision Care Market: Major Drivers and Challenges
Figure 2: Global: Vision Care Market: Sales Value (in Billion US$), 2011-2018
Figure 3: Global: Vision Care Market: Breakup by Product Type (in %), 2018
Figure 4: Global: Vision Care Market: Breakup by Distribution Channel (in %), 2018
Figure 5: Global: Vision Care Market: Breakup by Region (in %), 2018
Figure 6: Global: Vision Care Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 7: Global: Vision Care Industry: SWOT Analysis
Figure 8: Global: Vision Care Industry: Value Chain Analysis
Figure 9: Global: Vision Care Industry: Porter’s Five Forces Analysis
Figure 10: Global: Vision Care (Glass Lenses) Market: Sales Value (in Million US$), 2011 & 2018
Figure 11: Global: Vision Care (Glass Lenses) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 12: Global: Vision Care (Contact Lenses) Market: Sales Value (in Million US$), 2011 & 2018
Figure 13: Global: Vision Care (Contact Lenses) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Vision Care (Intraocular Lenses) Market: Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: Vision Care (Intraocular Lenses) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Vision Care (Contact Solutions) Market: Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: Vision Care (Contact Solutions) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Vision Care (Lasik Equipment) Market: Sales Value (in Million US$), 2011 & 2018
Figure 19: Global: Vision Care (Lasik Equipment) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Vision Care (Artificial Tears) Market: Sales Value (in Million US$), 2011 & 2018
Figure 21: Global: Vision Care (Artificial Tears) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Vision Care Market: Sales through Retail Stores (in Million US$), 2011 & 2018
Figure 23: Global: Vision Care Market Forecast: Sales through Retail Stores (in Million US$), 2019-2024
Figure 24: Global: Vision Care Market: Sales through Online Stores (in Million US$), 2011 & 2018
Figure 25: Global: Vision Care Market Forecast: Sales through Online Stores (in Million US$), 2019-2024
Figure 26: Global: Vision Care Market: Sales through Clinics (in Million US$), 2011 & 2018
Figure 27: Global: Vision Care Market Forecast: Sales through Clinics (in Million US$), 2019-2024
Figure 28: Global: Vision Care Market: Sales through Hospitals (in Million US$), 2011 & 2018
Figure 29: Global: Vision Care Market Forecast: Sales through Hospitals (in Million US$), 2019-2024
Figure 30: North America: Vision Care Market: Sales Value (in Million US$), 2011 & 2018
Figure 31: North America: Vision Care Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Europe: Vision Care Market: Sales Value (in Million US$), 2011 & 2018
Figure 33: Europe: Vision Care Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Asia Pacific: Vision Care Market: Sales Value (in Million US$), 2011 & 2018
Figure 35: Asia Pacific: Vision Care Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Latin America: Vision Care Market: Sales Value (in Million US$), 2011 & 2018
Figure 37: Latin America: Vision Care Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Middle East and Africa: Vision Care Market: Sales Value (in Million US$), 2011 & 2018
Figure 39: Middle East and Africa: Vision Care Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Vision Care Manufacturing: Detailed Process Flow
List of Tables
Table 1: Global: Vision Care Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Vision Care Market Forecast: Breakup by Product Type (in Million US$), 2019-2024
Table 3: Global: Vision Care Market Forecast: Breakup by Distribution Channel (in Million US$), 2019-2024
Table 4: Global: Vision Care Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 5: Vision Care Products Manufacturing: Raw Material Requirements
Table 6: Global: Vision Care Market: Competitive Structure
Table 7: Global: Vision Care Market: Key Players