Good vision plays an important role in conducting different activities such as reading, writing, watching TV, etc. It also affects developmental learning, communication, work, health and overall quality of life. Various factors ranging from unhealthy diet to chronic diseases and pollution can affect the health and functioning of the eyes, resulting in partial or complete loss of vision. Over the years, numerous products and treatments have been developed to manage vision related problems. According to IMARC Group’s latest report, titled “Vision Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global vision care market reached a value of US$ 58.83 Billion in 2018.
Growing prevalence of electronic screens in day-to-day lives represents the key factor driving the global vision care market. Increased use of laptops, PCs, tablets, mobile phones, and other devices along with sedentary lifestyles and unhealthy diets have led to the development of vision related problems such as myopia, astigmatism, hyperopia, retinal tears, macular edema, diabetic retinopathy, etc. Additionally, the lack of comfort associated with eye glasses has augmented the demand for contact lenses, which is further driving the market. Moreover, brand name and product design have become the deciding factors for purchase, instead of functionality. This paradigm shift in the consumer behaviour and growing brand awareness has led to the expansion of the market. Owing to the aforementioned factors, the market is expected to reach a value of US$ 70.52 Billion by 2024, exhibiting a CAGR of 2.96% during 2019-2024.
The report has segmented the market on the basis of type into glass lenses, contact lenses, intraocular lenses, contact solutions, lasik equipments and artificial tears. Amongst these, glass lenses represent the most popular product type. On the basis of the distribution channels, the market has been segmented into retail stores, online stores, clinics, and hospitals. Currently, retail store is the largest distribution channel, accounting for the majority of total sales. On a regional basis, the report covers North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Currently, North America represents the largest region. The report has also analysed the competitive landscape of the market with some of the key global players being Johnson & Johnson, Cooper, Bausch (formerly Valeant Pharmaceuticals), Essilor and Novartis AG.
This report provides a deep insight into the global vision care market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the vision care industry in any manner.
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 global vision care market?
- Which are the popular product types in the global vision care market?
- Which are the major distribution channels in the global vision care market?
- What are the various stages in the value chain of the global vision care market?
- What are the key driving factors and challenges in the global vision care market?
- What is the structure of the global vision care market and who are the key players?
- What is the degree of competition in the global vision care 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