Eye Care Supplements Market by Type - Antioxidant, Fatty Acids, Anti-Inflammatory with Expected To Grow at a CAGR of 10.8% by 2023

The Global Eye Care Supplements Market is expected to grow at a CAGR of 10.8% during the forecast period.

Global Eye Care Supplements Market - Overview

Eye care supplements are naturally or synthetically derived products that contain vitamins and other nutrients that are useful for good vision and maintaining eye health. They improve eye health and can help to deal with eye diseases such as diabetic retinopathy, glaucoma, and cataracts. The primary method of improving the vision is use of dietary products produced both natural and synthetic sources such as plants. Antioxidants, omega fatty acids are the most widely used eye care supplements across the globe. Many people are facing the problem of poor eye sight.

The increasing prevalence of eye diseases and other chronic disorders such as diabetes that is a risk factors for developing eye disease along with the rising demand for eye care solutions across the globe are some of the factors that are responsible for the growth of the global eye care supplements market at an exponential rate. Thus, majority of the market players have great opportunities in this market by using strategic approaches such as geographical expansion. High cost of eye care supplements may confine the market growth in developing countries.

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Eye Care Supplements Industry Updates:

November, 2017- Allergan plc company announced its data will be presented at the annual American Academy of Ophthalmology (AAO) meeting in New Orleans, Louisiana, U.S. Allergan has a wide product portfolio for the areas such as eye care, dermatology, central nervous system, anti-infective therapeutic categories, gastroenterology, medical aesthetics women's health, and urology.

August, 2016- Allergan acquired eye care company ForSight VISION5 which has profoundly change the way patients receive treatment. This acquisition has added peri-ocular ring technology to company's leading portfolio of innovative eye health products

Global Eye Care Supplements Market - Regional Analysis

America is the largest market for eye care supplements owing to increasing prevalence of vision impairment among adults in the U.S. and an increasing demand for eye care supplements. As per the Center of Disease Control and Prevention (CDC), nearly 14 million Americans aged 12 years and older have visual impairment. Furthermore, concentration of major companies in this region along with the increased R&D activities have fuelled the growth of the market in this region.

Europe is the second largest market for eye care supplements. The growth in the European region is driven by the availability of cost effective treatment and extensive use of eye care supplements and products. The UK is the largest market for in Europe owing to reimbursement policies for eye care and diabetes management, better awareness, and increasing prevalence of diabetes,. As per the World Health Organization, nearly 60 million European have diabetes with a prevalence rate relatively high among people over 25 years. 

Asia Pacific is expected to be the fastest growing market for eye care supplements owing to an increase in the prevalence of lifestyle diseases and chronic disorders such as diabetes. Moreover, the availability of affordable and high quality treatment options is further going to boost the market growth. India and China are projected to be the fastest growing market in Asia Pacific. As per an article published in International Journal of Community Medicine and Public Health, a rise in the number of cataract patients in India has been seen in 2016. Under Vision 2020, the government works on cataract surgical intervention program. Furthermore, in China, the prevalence of diabetic retinopathy is found to be increasing with an increase in the diabetic population. As per an article published in Eye and Vision journal 2015, in Japan has 7.2 million people diagnosed with diabetes and this number was rising due to the increasing prevalence of lifestyle diseases such as obesity along with the change in lifestyles.

Moreover, the Middle East & Africa holds the least share of the market owing to limited medical facilities, available treatment options, and rise in the demand for ophthalmic products and less availability of funds.

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