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Global Vision Care Market: By Product Type: Glass Lenses, Contact Lenses, Intraocular Lenses, Contact Solutions, Lasik Equipment, Artificial Tears; By Distribution Channel: Retail Stores, Online Stores, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Vision Care Market Outlook

The global vision care market size reached a value of almost USD 59.5 billion in the year 2020. The vision care industry is further expected to grow at a CAGR of 3% between 2021 and 2026 to reach a value of almost USD 71 billion by 2026.

 

Global Vision Care Market

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The global vision care market is driven by the rising cases of eye disorders across the world. North America is the leading regional market for vision care, globally. This can be attributed to the increasing demand for disposable contact lenses, along with the growing incidences of cataracts, glaucoma, and diabetic retinopathy across the region due to the ever-increasing geriatric population, sedentary lifestyles, and increasing pollution levels. Vision care includes regular eye check-ups and tests such as visual acuity screening for measuring distance vision, a visual field test for peripheral vision, and tonometry for detecting glaucoma to help prevent eye diseases.

 

Properties and Applications

Vision care is referred to as the process of maintaining the overall functioning and quality of the eyes. Healthy eyesight is essential for proper brain functioning as optimal vision facilitates an individual in carrying out various activities.

 

Vision Care Market by Product Type

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The vision care market is segmented on the basis of product type into:

  • Glass Lenses
  • Contact Lenses
  • Intraocular Lenses
  • Contact Solutions
  • Lasik Equipment
  • Artificial Tears

Presently, glass lenses are the most popular product type among consumers across the globe.

Based on distribution channel, the industry is divided into:

  • Retail Stores
  • Online Stores
  • Clinics
  • Hospitals

Among all of these, retail stores exhibit the most popular distribution channel in the industry.

The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Vision Care Market by Region

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Market Analysis 

The global vision care market is driven by the significant increase in the usage of electronic devices like laptops, personal computers, smartphones, and tablets, among other devices, which is resulting in the prevalence of vision-related problems, which is aiding the industry growth. The rising shift towards contact lenses since their emergence as a better alternative to eyeglasses due to enhanced comfort and vision has augmented the demand for better vision care across the globe. Various factors that are positively impacting the industry growth of vision care include changing lifestyles, growing brand awareness, rising pollution, and increasing consciousness among consumers about the importance of a healthy vision. However, there is an increasing availability of counterfeit products in the market, which can lead to further damage to the vision. The use of such products is impeding the growth of the industry.

 

Competitive Landscape 

The report gives a detailed analysis of the following key players in the global vision care market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Johnson & Johnson Vision
  • CooperVision
  • Essilor International S.A.
  • Novartis AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Distribution Channel, Region
Breakup by Product Type Glass Lenses, Contact Lenses, Intraocular Lenses, Contact Solutions, Lasik Equipment, Artificial Tears
Breakup by Distribution Channel Retail Stores, Online Stores, Clinics, Hospitals
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Johnson & Johnson Vision, CooperVision, Essilor International S.A., Novartis AG, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Vision Care Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Vision Care Historical Market (2017-2021) 
    8.3    Global Vision Care Market Forecast (2022-2027)
    8.4    Global Vision Care Market by Product Type
        8.4.1    Glass Lenses
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Contact Lenses
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Intraocular Lenses
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
        8.4.4    Contact Solutions
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2017-2021)
            8.4.4.3    Forecast Trend (2022-2027)
        8.4.5    Lasik Equipment
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2017-2021)
            8.4.5.3    Forecast Trend (2022-2027)
        8.4.6    Artificial Tears
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2017-2021)
            8.4.6.3    Forecast Trend (2022-2027)
    8.5    Global Vision Care Market by Distribution Channel
        8.5.1    Retail Stores
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Online Stores
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Clinics
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Hospitals
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021)
            8.5.4.3    Forecast Trend (2022-2027)
    8.6    Global Vision Care Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyers Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Key Players’ Market Share
    12.3    Company Profiles
        12.3.1    Johnson & Johnson Vision
            12.3.1.1    Company Overview
            12.3.1.2    Product Portfolio
            12.3.1.3    Demographic Reach and Achievements
            12.3.1.4    Financial Summary
            12.3.1.5    Certifications
        12.3.2    CooperVision
            12.3.2.1    Company Overview
            12.3.2.2    Product Portfolio
            12.3.2.3    Demographic Reach and Achievements
            12.3.2.4    Financial Summary
            12.3.2.5    Certifications
        12.3.3    Essilor International S.A.
            12.3.3.1    Company Overview
            12.3.3.2    Product Portfolio
            12.3.3.3    Demographic Reach and Achievements
            12.3.3.4    Financial Summary
            12.3.3.5    Certifications
        12.3.4    Novartis AG
            12.3.4.1    Company Overview
            12.3.4.2    Product Portfolio
            12.3.4.3    Demographic Reach and Achievements
            12.3.4.4    Financial Summary
            12.3.4.5    Certifications
        12.3.5    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Vision Care Market: Key Industry Highlights, 2016 and 2026
2.    Global Vision Care Historical Market: Breakup by Product Type (USD Billion), 2017-2021
3.    Global Vision Care Market Forecast: Breakup by Product Type (USD Billion), 2022-2027
4.    Global Vision Care Historical Market: Breakup by Distribution Channel (USD Billion), 2017-2021
5.    Global Vision Care Market Forecast: Breakup by Distribution Channel (USD Billion), 2022-2027
6.    Global Vision Care Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Vision Care Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Vision Care Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Vision Care Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Vision Care Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Vision Care Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Vision Care Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Vision Care Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Vision Care Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Vision Care Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Vision Care Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Vision Care Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Global Vision Care Market Structure

Key Questions Answered in the Report

In 2020, the global vision care market reached a value of about USD 59.5 billion.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 3%.

By 2026, the market is estimated to reach a value of nearly USD 71 billion.

The major drivers of the industry such as rising disposable incomes, rising case of eye disorders, growing usage of smartphones, laptops, and computers, changing lifestyles, growing health consciousness, and an increasing shift toward contact lenses are expected to aid the market growth.

The growing brand awareness and products with enhanced features which are targeted at consumers who spend longer times in front of computers and laptops are the major trends driving the growth of the industry.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest market share.

Glass lenses are the dominant product types in the industry.

The distribution channel in the industry are retail stores.

The key players in the industry are Johnson & Johnson Vision, CooperVision, Essilor International S.A., and Novartis AG, among others. 

Analyst Review

The global vision care market attained a value of USD 59.5 billion in 2020 driven by the rising occurrence of eye ailments. Aided by the technological advancements and product enhancements, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3%. The market is projected to reach USD 71 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the global vision care market can be segmented into glass lenses, contact lenses, intraocular lenses, contact solutions, lasik equipment, and artificial tears, with glass lenses accounting for the largest market share. On the basis of distribution channel, retail stores account for the leading share in the industry. The major regional markets for vision care are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the industry. The key players in the above industry include Johnson & Johnson Vision, CooperVision, Essilor International S.A., Novartis AG, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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