openPR Logo
Press release

Market Analysis: Vision Care Market on the Rise

01-22-2020 01:40 PM CET | Health & Medicine

Press release from: Fortune Business Insights Pvt. Ltd

The global vision care market size 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.

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/vision-care-market-101731
The report covers:

• Global Vision Care Market trends, with detailed analysis on consumer trends & manufacturer trends.
• Overview on supply analysis covering trends across raw material suppliers, technology providers and distributors.
• Key areas of investments identifying market opportunities and challenges in forecast timeframe.
• Competitive analysis of the industry players along with the overview on strategic management.
• Comprehensive company profiles of the major industry players.

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.

Leading Players operating in the Vision Care Market are:

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

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

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/vision-care-market-101731

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.

Detailed Table of Content:

1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Introduction of New Products / Approvals (by Major Players)
4.2. Epidemiology of Ocular Disease - For Key Countries, 2018
4.3. Key Industry Developments - Mergers, Acquisitions, and Partnerships, 2018
4.4. Snapshot: U.S Reading Glasses Market, 2018
4.5. Key Trends in Vision Care Market
4.6. Key Pipeline Products
5. Global Vision Care Market Analysis, Insights and Forecast, 2015-2026
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Product Type
5.2.1. Eyewear
5.2.1.1. Spectacles
5.2.1.2. Sunglasses
5.2.1.3. Contact Lens
5.2.2. Intraocular Lenses
5.2.3. Ocular Health
5.3. Market Analysis, Insights and Forecast – By Distribution Channel
5.3.1. Retail Store
5.3.2. Online Store
5.3.3. Hospitals and Clinics
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East & Africa
6. North America Vision Care Market Analysis, Insights and Forecast, 2015-2026
TOC Continued….

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/vision-care-market-101731
Report Focus:

• Extensive product offerings
• Customer research services
• Robust research methodology
• Comprehensive reports
• Latest technological developments
• Value chain analysis
• Potential Vision Care Market opportunities
• Growth dynamics
• Quality assurance
• Post-sales support
• Regular report updates

Reasons to Purchase this Report:

• Comprehensive analysis of the Vision Care Market growth drivers, obstacles, opportunities, and other related challenges.
• Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
• Identifies market restraints and boosters.
• Identifies all the possible segments present in the market to aid organizations in strategic business planning.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.

Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Linkedin | Twitter | BLogs

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Market Analysis: Vision Care Market on the Rise here

News-ID: 1904579 • Views: 79

More Releases from Fortune Business Insights Pvt. Ltd

Facial Injectables Market - How COVID19 impacting the healthcare industry? Key P …
Facial Injectables Market Size, Share and Global Trend By Product (Botulinum Toxin Type A, Hyaluronic Acid, Collagen, Particle Polymer Fillers, Poly-L-Lactic Acid, Calcium Hydroxylapatite), By Application (Wrinkle Reduction, Facelift, Lip Enhancement), By End User (Hospitals, Specialty clinics,Others), and Geography Forecast Till 2026. Get Sample Report To Know The Impact of Covid19 on this Industry at: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/facial-injectables-market-100603 Top Key Players: Nestl? Skin Health, Anika Therapeutics, Inc., Allergen, Merz Pharma, Bloomage BioTechnology Corporation Limited,
Diabetic Neuropathy Market - How COVID19 impacting the healthcare industry? Key …
Diabetic Neuropathy Market Size, Share And Global Trend By Type (Peripheral, Proximal, Autonomic, Focal), By Drug Class (Non-steroidal Anti-inflammatory Drugs, Antisiezure Drugs, Opioid Drugs, Anti-depressants), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), And Geography Forecast Till 2026. Get Sample Report To Know The Impact of Covid19 on this Industry at: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/diabetic-neuropathy-market-100598 Top Key Players: Lupin Pharmaceuticals, Lupin Global, Akorn, Inc, Abbott, Pfizer, Eli Lilly and Company, GlaxoSmithKline Pharma GmbH, Glenmark
Capsule Endoscopy Market - How COVID19 impacting the healthcare industry? Key Pl …
Capsule Endoscopy Market Size, Share And Global Trend By Product (Oesophageal Capsule, Small Bowel Capsule,Colon Capsule), By Application (Obscure Gastrointestinal Bleeding, Crohn's Disease, Small Intestine Tumor), By End User (Hospitals, Diagnostic Laboratories, Specialty Clinics), And Geography Forecast Till 2026 Get Sample Report To Know The Impact of Covid19 on this Industry at: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/capsule-endoscopy-market-100597 Top Key Players: Olympus Corporation, MEDTRONIC, Fujifilm Holding Corporation, IntroMedic Co., Ltd., RF System lab, CapsoVision, JINSHAN Science and
Growth Dynamics on Wheelchair Market 2020-2026| Key Players: Invacare Corporatio …
The rising prevalence of mobility disability and increasing demand technological advancements in wheelchairs are driving the global market says Fortune Business Insights in a report, titled "Wheelchairs Market" Size, Share and Global Trend by Type (Self-propelled Wheelchairs, Attendant-Propelled Wheelchairs, Powered / Motorized Wheelchair), By End-User (Hospitals & Nursing Homes, Home care Settings, Assisted Living Facilities, Clinics) And Geography Forecast till 2026". Electric wheelchairs are likely to witness increasing demand among

All 5 Releases


More Releases for Vision

Global Machine Vision and Vision Guided Robotics Market 2019 - Cognex, Teledyne …
The new market research study on Global Machine Vision and Vision Guided Robotics Market in-depth market analysis with specific segments such as application, regional markets, end-users, policy analysis, value chain structure, and emerging trends. The Machine Vision and Vision Guided Robotics market report makes a case for investments in particular regions based on a realistic view of their regulatory environment, manufacturing dynamics and availability of skills and resources.The report’s analysis
Dolphin’s global vision for accessibility
A UK technology company has travelled to India to share their technology for blind and low vision people with a wider audience. Dolphin Computer Access develops software to enable blind and visually impaired computer users to access technology in the same way as fully sighted users, and celebrates their 30 year anniversary this year. Over that time they have built a global network of users; from visually impaired individuals accessing computers
MVTec Presents HALCON USB3 Vision Interface and 3D Vision Technology
As of now, the new universal HALCON image acquisition interface for USB3 Vision is available. This interface will be presented by MVTec in a live demo at the SPS IPS DRIVES in November 2013 in Nuremberg. Furthermore, MVTec will showcase the 3D vision technology of HALCON 11. Key benefits of the new USB3 Vision Standard are the high bandwidth in excess of 350 MB/s and an easy-to-use plug and play
Modern Vision Innovations with the Omron FZ Vision Sensor Range
Learn the advantages of the Omron FZ Vision Sensor and Vision Sensor applications for modern automation and manufacturing. Application uses range from simple detection systems, to complete vision inspection control solutions to ensure company production lines are fault free. Vision inspection systems are used all over the world in the manufacturing and automation production processes for inspection, identification, measurement, tracking and counting to ensure quality control in many industries. Vision
MBP Today Vision and Mission
My Premier Business Today - What is the difference between someone who just merely dreams and someone who makes their dreams come true? It’s about having a dream and pursuing it with gusto until it comes to fruition! Working with us is not just about dreaming, it’s about pursuing those dreams and making them happen, no matter how big or small. Nothing is more powerful than an idea whose time has
EXECOM-Chess Joint Vision
EXECOM headquarters, Novi Sad, Serbia (November 22-23, 2007) – Working together and successfully delivering software projects, two European companies, EXECOM and Chess, have added greater value to their partnership. By presenting the company, customers’ expectations and software building process to the whole EXECOM team, Chess has shown respectably wide mindset. Outsourcing indeed requires full commitment of parties involved. “This is a great example of process improvement between business partners” said