Vision Care Market | 2021 Size, Share, Trends, Growth, Growth Insights, Regional Analysis, Regional Outlook, Competitive Landscape, Key Players, Industry Analysis, Covid-19 Impact.

Vision Care Market Size| 2021 Covid-19 Impact On Healthcare Industry Global Analysis By Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast latest study published by Fortune Business Insights. The global “Vision Care Market” is expected to reach USD 192.85 billion by 2026, exhibiting a CAGR of 5.6% during the forecast period. Increasing awareness regarding ocular diseases in emerging nations is expected to aid the growth of the market.  The increasing adoption of vision care products will boost the vision care market growth in the forthcoming year. In addition, the growing cases of cataracts to create growth opportunities for the market. For instance, according to the World Health Organization, 51% of the world’s blindness is caused due to cataracts. In addition, the increasing risks of cataract incidence predominantly in developing as well as developed countries will fuel demand for vision care.

As per the report, published by Fortune Business Insights in a report, titled “Vision Care Market Size, Share & Industry Analysis, By Product Type (Eyewear, Intraocular Lens, and Ocular Health), By Distribution Channel (Retail Store, Online Store, Hospital & Clinics), and Regional Forecast, 2019-2026” the market size stood at USD 125.16 billion in 2018. The report offers dynamic insights on all the prevailing trends and characteristics of the vision care market. It provides an all-encompassing summary and analytical data of all the segments. It is created after extensive research followed by deep analysis to benefit companies, stakeholders, financers and potential investors. It is designed with an aim to provide a clear picture of the market size. In addition, it also includes the latest advances and development, product launches, acquisitions, collaborations & partnerships, and others.

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This report focuses on Vision Care Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2028, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

The COVID-19 pandemic has had a seismic effect on several economies across the globe. To curb the pandemic spread, the governments of several countries have ordered complete lockdown of industrial and human activities. This is expected to have a significant impact on the market in 2021. However, proactive steps by the industry leaders to revive the Healthcare industry will bode well for the growth of the market in the near future.

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Increasing Cases of Cataract to Promote Healthy Growth

The increasing incidence of cataracts around the world will subsequently aid the growth of the market in the forthcoming period. According to the Global Burden of Diseases Study, 2010 cataract caused worldwide 33.4% of all blindness in 2010 and around 10.8 million people were blind and 35.1 million were visually impaired due to cataract. With the growing risk of cataracts, the demand for vision is increasing, which therefore supports market growth. The growing population of individuals suffering from ocular diseases is expected to be one of the key reasons for driving the market.

Favorable Reimburusmnet policies to Stimulate Growth in North America

North America generated a revenue of USD 38.82 billion in 2018 and is expected to remain dominant during the forecast period. Higher adoption of vision care products in the region will further create opportunities for the market. Factors such as increasing awareness of the ocular disease, favorable reimbursement for cataract surgery, and increasing inclination towards eye care products is projected to further escalate the market’s revenue in  North America. The market in Latin America is estimated to grow at a steady rate alongside the Middle East and Africa. The unmet need for vision care in Latin America is estimated to be one of the prime reasons for spurring the growth in the region

Global Vision Care Market Segmentation :

By Product Type

  • Eyewear

o             Spectacles

o             Sunglasses

o             Contact Lens

  • Intraocular Lens
  • Ocular Health

By Distribution Channel

  • Retail Store
  • Online Store
  • Hospital and Clinics

By Geography

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

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FDA Approval for Pargon’s New Manufacturing Facility to Spur Sales Opportunities

The approval of Paragon Vision Science’s newly-constructed contact lens manufacturing site in suburban Phoenix by the U.S. Food and Drug Administration (FDA) will boost the vision care market trends. For instance,  The facility will produce advanced ortho-k products such as Paragon CRT® for use in the United States. The new site is more than double the size of the company’s current plant in nearby Mesa, Arizona. Furthermore, the launch of TECNIS Synergy IOL by Johnson and Johnson’s vision division will foster the growth of the market. For instance, Johnson and Johnson’s vision division launched TECNIS Synergy IOL, an advanced intraocular lens that provides continuous high-contrast vision correction for patients with cataracts from far through near, even in low-light conditions. In addition, the increasing accessibility of spectacles and sunglasses owing to the affordability in emerging nations will further accelerate the growth of the market.

Some of the Major Companies in the Global Vision Care Market:

  • Alcon (Part of Novartis AG)
  • Essilor
  • CooperVision
  • Johnson & Johnson Services, Inc.
  • Bausch Health Companies Inc.
  • GrandVision
  • Carl Zeiss
  • Menicon
  • Luxottica
  • Other Prominent Players

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Table of Content:

1 Vision Care Market Overview

1.1 Vision Care Product Overview

1.2 Vision Care Market Segment by Type

1.3 Global Vision Care Market Size by Type (2015-2027)

1.3.1 Global Vision Care Market Size Overview by Type (2015-2027)

1.3.2 Global Vision Care Historic Market Size Review by Type (2015-2021)

1.3.2.1 Global Vision Care Sales Market Share Breakdown by Type (2015-2027)

1.3.2.2 Global Vision Care Market Share Breakdown by Type (2015-2027)

1.3.2.3 Global Vision Care Average Selling Price (ASP) by Type (2015-2027)

1.3.3 Global Vision Care Market Size Forecast by Type (2021-2027)

1.3.3.1 Global Vision Care Sales Market Share Breakdown by Application (2021-2027)

1.3.3.2 Global Vision Care Revenue Market Share Breakdown by Application (2021-2027)

1.3.3.3 Global Vision Care Average Selling Price (ASP) by Application (2021-2027)

1.4 Key Regions Market Size Segment by Type (2015-2021)

1.4.1 North America Vision Care Sales Breakdown by Type (2015-2027)

1.4.2 Europe Vision Care Sales Breakdown by Type (2015-2027)

1.4.3 Asia-Pacific Vision Care Sales Breakdown by Type (2015-2027)

1.4.4 Latin America Vision Care Sales Breakdown by Type (2015-2027)

1.4.5 Middle East and Africa Vision Care Sales Breakdown by Type (2015-2027)

2 Global Vision Care Market Competition by Company

2.1 Global Top Players by Vision Care Sales (2015-2021)

2.2 Global Top Players by Vision Care Revenue (2015-2021)

2.3 Global Top Players Vision Care Average Selling Price (ASP) (2015-2021)

2.4 Global Top Company Vision Care Manufacturing Base Distribution, Sales Area, Product Type

2.5 Vision Care Market Competitive Situation and Trends

2.5.1 Vision Care Market Growth Rate (2015-2021)

2.5.2 Global 5 and 10 Largest Company by Vision Care Sales and Revenue in 2019

2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Vision Care as of 2019)

2.7 Date of Key Company Enter into Vision Care Market

2.8 Key Company Vision Care Product Offered

2.9 Mergers and Acquisitions, Expansion

3 Global Vision Care Status and Outlook by Region (2015-2027)

3.1 Global Vision Care Market Size and CAGR by Region: 2015 VS 2021 VS 2027

3.2 Global Vision Care Market Size Market Share by Region (2015-2021)

3.2.1 Global Vision Care Sales Market Share by Region (2015-2021)

3.2.2 Global Vision Care Revenue Market Share by Region (2015-2021)

3.2.3 Global Vision Care Sales, Revenue, Price and Gross Margin (2015-2021)

3.3 Global Vision Care Market Size Market Share by Region (2021-2027)

3.3.1 Global Vision Care Sales Market Share by Region (2021-2027)

3.3.2 Global Vision Care Revenue Market Share by Region (2021-2027)

3.3.3 Global Vision Care Sales, Revenue, Price and Gross Margin (2021-2027)

3.4 North America Vision Care Market Size By Growth (2015-2027)

3.4.1 North America Vision Care Revenue By Growth (2015-2027)

3.4.2 North America Vision Care Sales By Growth (2015-2027)

3.5 Asia-Pacific Vision Care Market Size By Growth (2015-2027)

3.5.1 Asia-Pacific Vision Care Revenue By Growth (2015-2027)

3.5.2 Asia-Pacific Vision Care Sales By Growth (2015-2027)

3.6 Europe Vision Care Market Size By Growth (2015-2027)

3.6.1 Europe Vision Care Revenue By Growth (2015-2027)

3.6.2 Europe Vision Care Sales By Growth (2015-2027)

3.7 Latin America Vision Care Market Size By Growth (2015-2027)

3.7.1 Latin America Vision Care Revenue By Growth (2015-2027)

3.7.2 Latin America Vision Care Sales By Growth (2015-2027)

3.8 Middle East and Africa Vision Care Market Size By Growth (2015-2027)

3.8.1 Middle East and Africa Vision Care Revenue By Growth (2015-2027)

3.8.2 Middle East and Africa Vision Care Sales By Growth (2015-2027)

4 Global Vision Care by Application

4.1 Vision Care Segment by Application

4.1.1 Residential

4.1.2 Commercial

4.2 Global Vision Care Sales by Application: 2015 VS 2021 VS 2027

4.3 Global Vision Care Historic Sales by Application (2015-2021)

4.4 Global Vision Care Forecasted Sales by Application (2021-2027)

4.5 Key Regions Vision Care Market Size by Application

4.5.1 North America Vision Care by Application

4.5.2 Europe Vision Care by Application

4.5.3 Asia-Pacific Vision Care by Application

4.5.4 Latin America Vision Care by Application

4.5.5 Middle East and Africa Vision Care by Application

5 North America Vision Care Market Size by Country (2015-2027)

5.1 North America Market Size Market Share by Country (2015-2021)

5.1.1 North America Vision Care Sales Market Share by Country (2015-2021)

5.1.2 North America Vision Care Revenue Market Share by Country (2015-2021)

5.2 North America Market Size Market Share by Country (2021-2027)

5.2.1 North America Vision Care Sales Market Share by Country (2021-2027)

5.2.2 North America Vision Care Revenue Market Share by Country (2021-2027)

5.3 North America Market Size By Growth by Country

5.3.1 U.S. Vision Care Market Size By Growth (2015-2027)

5.3.2 Canada Vision Care Market Size By Growth (2015-2027)

6 Europe Vision Care Market Size by Country (2015-2027)

6.1 Europe Market Size Market Share by Country (2015-2021)

6.1.1 Europe Vision Care Sales Market Share by Country (2015-2021)

6.1.2 Europe Vision Care Revenue Market Share by Country (2015-2021)

6.2 Europe Market Size Market Share by Country (2021-2027)

6.2.1 Europe Vision Care Sales Market Share by Country (2021-2027)

6.2.2 Europe Vision Care Revenue Market Share by Country (2021-2027)

6.3 Europe Market Size By Growth by Country

6.3.1 Germany Vision Care Market Size By Growth (2015-2027)

6.3.2 France Vision Care Market Size By Growth (2015-2027)

6.3.3 U.K. Vision Care Market Size By Growth (2015-2027)

6.3.4 Italy Vision Care Market Size By Growth (2015-2027)

6.3.5 Russia Vision Care Market Size By Growth (2015-2027)

7 Asia-Pacific Vision Care Market Size by Country (2015-2027)

7.1 Asia-Pacific Market Size Market Share by Country (2015-2021)

7.1.1 Asia-Pacific Vision Care Sales Market Share by Country (2015-2021)

7.1.2 Asia-Pacific Vision Care Revenue Market Share by Country (2015-2021)

7.2 Asia-Pacific Market Size Market Share by Country (2021-2027)

7.2.1 Asia-Pacific Vision Care Sales Market Share by Country (2021-2027)

7.2.2 Asia-Pacific Vision Care Revenue Market Share by Country (2021-2027)

7.3 Asia-Pacific Market Size By Growth by Country

7.3.1 China Vision Care Market Size By Growth (2015-2027)

7.3.2 Japan Vision Care Market Size By Growth (2015-2027)

7.3.3 South Korea Vision Care Market Size By Growth (2015-2027)

7.3.4 India Vision Care Market Size By Growth (2015-2027)

7.3.5 Australia Vision Care Market Size By Growth (2015-2027)

7.3.6 Taiwan Vision Care Market Size By Growth (2015-2027)

7.3.7 Indonesia Vision Care Market Size By Growth (2015-2027)

7.3.8 Thailand Vision Care Market Size By Growth (2015-2027)

7.3.9 Malaysia Vision Care Market Size By Growth (2015-2027)

7.3.10 Philippines Vision Care Market Size By Growth (2015-2027)

Toc Continue…

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