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Vision Care: Global Markets

Vision Care: Global Markets

  • November 2020
  • 151 pages
  • ID: 5989288
  • Format: PDF
  • BCC Research

Summary

Table of Contents

Report Scope:
The current report provides detailed analysis of the vision care devices market.This report will highlight the current and future market potential of vision care devices along and provide a detailed analysis of the competitive landscape.

The report covers market projections for 2025 along with current market estimates. Epidemiology trends of major eye disorders, drivers, restrains and opportunities will also be covered in the current report along with company profiles of the key market players.

The report segments the market for vision care devices based on device, distribution channel and geography.Based on device type, the market is broadly segmented into eyeglasses, contact lenses, intraocular lenses (IOLs) and artificial tears.

Eyeglasses are further segmented into single vision, bifocal and progressive.Contact lenses are further segmented into spherical lenses, toric lenses, multifocal contact lenses and others.

For market estimates, data will be provided for 2019 as the base year, with estimates for 2020 and forecast values for 2025.

By geography, the market has been segmented into North America, Europe, the Asia-Pacific region, Latin America, and the Middle East and Africa. Detailed analysis of major countries such as the U.S., Canada, Germany, the U.K., Italy, France, Spain, Japan, China, India, Australia, Brazil and Mexico will be covered in the regional segments.

Report Includes:
- 21 data tables and 11 additional tables
- A brief overview of the global markets for vision care products and related technologies
- Analyses of the global market trends, with corresponding market analysis data for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Estimation of the actual market size and revenue forecasts for vision care, and market share analysis on the basis of product type with major regions and countries involved
Insights into the market potential for vision care devices, opportunities and restraints, regulatory updates, and technological trends and issues impacting the industry
Impact of COVID-19 pandemic on the vision care market
- Information pertaining to strategic profiling of key companies (manufacturers and distributors) present across the globe and their competitive landscape, product launch strategies, and financial outlook
- Key merger and acquisition deals, joint ventures, collaborations, agreements, and partnerships within the medical devices industry
- Profile descriptions of the market leading participants, including Alcon AG, Bausch + Lomb, Carl Zeiss AG, CooperVision Inc., EssilorLuxottica and Seiko Opticals

Summary:
The global market for vision care was valued at REDACTED in 2019.The market is expected to grow at a compound annual growth rate (CAGR) of REDACTED to reach REDACTED by 2025.

Market growth is attributed to factors such as the growing prevalence of blindness and vision impairment, a rise in the world’s geriatric population, and growing collaborations between vision care companies and technology companies for the advent of technologically advanced products to address current unmet needs.

According to the IAPB, nearly 1.1 billion people are considered to be affected by some form of vision loss: 43 million people are categorized as blind, about 553 million people are estimated to suffer from some form of moderate to severe visual impairment (MVSI), about 258 million people experience mild vision impairment and about 510 million suffer from near vision impairment. In addition, at least 1 billion more people need ongoing access to eye care services. High prevalence and the increasing burden of vision impairment is likely to drive the vision care market during the forecast period.

Reasons for Doing This Study:
Visual impairment is a global health concern that has a negative impact on both physical and mental wellbeing.Preventive blindness, a common vision disorder, represents a major challenge to the global healthcare system.

Visual impairment is associated with loss of global productivity and high disability adjusted life years (DALYs) and is responsible for significant healthcare spending. According to the International Agency for the Prevention of Blindness (IAPB), in 2020, nearly 1.1 billion people were considered to be affected by some form of vision loss; 43 million people are categorized as blind, about 553 million people are estimated to suffer from some form of Moderate and Severe Vision Impairment MSVI , about 258 million people experience mild vision impairment and about 510 million suffer from near vision impairment. In addition, at least 1 billion more people need ongoing access to eye care services.

Globally, the leading causes of vision impairment are uncorrected refractive errors and cataracts.Refractory disorders, particularly myopia, are one of the common ailments seen across all age groups.

The incidence of refractory disorders is estimated to have doubled in the last decade compared to past generations, with the rise driven by rapid changes in lifestyles, genetic disorders and malnutrition. Refractory disorders, although increasingly prevalent, can be treated and are considered preventable ailments if addressed quickly.

Market growth has been spurred by the introduction of technologically advanced products and the rise in the global visually impaired population. This report is designed to provide the reader with a background on vision care products, an analysis of the current factors influencing the market and the tools to make decisions regarding expansion and penetration in this market.

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