Press release
Vision Care Market Size to Surpass USD 94.33 Billion by 2033 | Exhibiting CAGR of 2.75%
Vision Care Market
According to IMARC Group's latest research publication, "Vision Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global vision care market size was valued at USD 73.73 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 94.33 Billion by 2033, exhibiting a CAGR of 2.75% from 2025-2033.
This detailed analysis primarily encompasses industry size, business trends, market share, key growth factors, and regional forecasts. The report offers a comprehensive overview and integrates research findings, market assessments, and data from different sources. It also includes pivotal market dynamics like drivers and challenges, while also highlighting growth opportunities, financial insights, technological improvements, emerging trends, and innovations. Besides this, the report provides regional market evaluation, along with a competitive landscape analysis.
How AI is Reshaping the Future of Vision Care Market
● AI enhances early detection of eye diseases like diabetic retinopathy and glaucoma, improving patient outcomes with machine learning algorithms that analyze retinal images with 95% accuracy.
● The AI in ophthalmology market is projected to reach USD 1.36 billion by 2030, growing at 36.79% CAGR, revolutionizing diagnostic capabilities in vision care.
Smart diagnostic tools powered by AI reduce examination time by 40%, enabling ophthalmologists to screen more patients efficiently while maintaining precision in diagnosis.
● AI-driven personalized lens recommendations analyze individual visual patterns and lifestyle needs, with 72% of optometrists reporting improved patient satisfaction through AI-assisted prescriptions.
● Telemedicine platforms integrated with AI enable remote vision screening for 2.2 billion people with visual impairments globally, bridging accessibility gaps in underserved regions.
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Key Trends in the Vision Care Market
● Rising Digital Eye Strain Concerns: Americans spend nearly 7 hours daily on digital devices, driving demand for blue light-blocking lenses and anti-reflective coatings. About 65% of consumers experience digital eye strain symptoms, with specialized eyewear sales increasing 28% year-over-year.
● Growing Contact Lens Adoption for Active Lifestyles: Contact lenses market reached USD 9.0 billion in 2024, fueled by athletes and fitness enthusiasts preferring wider field of vision. Extended wear options with UV protection and improved oxygen permeability dominate, holding 32% market preference.
● Age-Related Eye Care Expansion: With 20% of Europe's population aged 65+, age-related macular degeneration and cataract treatments surge. India performs 6 million cataract surgeries annually through National Programme for Control of Blindness, addressing growing elderly care needs.
● Myopia Epidemic in Youth: China's high school students show 89.7% myopia rate, with 78.2% among middle schoolers. Global myopia prevalence expected to reach 56% in Western Europe by 2050, driving pediatric vision care solutions and corrective eyewear demand.
● E-Commerce and Virtual Try-On Technology: Online platforms offer virtual frame selection and prescription ordering, with digital tools enabling customers to visualize eyewear choices. E-commerce channels grow 35% faster than traditional retail, providing 24/7 accessibility.
Growth Factors in the Vision Care Market
● Increasing Screen Time and Vision Disorders: Prolonged smartphone and electronic device usage drives myopia, hyperopia, presbyopia, and astigmatism cases. Digital eye strain affects 73% of office workers, boosting demand for corrective lenses and specialized eyewear solutions.
● Accessible Healthcare Services Expansion: WHO reports 2.2 billion people worldwide suffer visual impairments, with 1 billion cases preventable. Governments establish vision care clinics in remote areas, integrate eye care into primary healthcare, and launch telemedicine platforms for remote consultations.
● Growing Eye Health Awareness Campaigns: WHO's SPECS 2030 initiative guarantees access to quality, affordable spectacles globally. Social media and community events educate consumers about regular eye check-ups, UV protection, and early detection, driving 45% increase in preventive care visits.
● Technological Advancements in Vision Correction: Bladeless LASIK and femtosecond laser technology enhance surgical precision, with over 700,000 LASIK surgeries performed annually in the US. Smart lenses, gene therapy, and stem cell treatments provide innovative solutions for previously untreatable conditions.
● Aging Global Population: Improved life expectancy increases age-related ocular diseases like AMD, cataracts, and glaucoma. Older population requires regular eye exams, advanced diagnostics, and long-term chronic disease management, with cataract operations demand rising 22% annually.
Ask analyst of customized report: https://www.imarcgroup.com/request?type=report&id=846&flag=E
Leading Companies Operating in the Global Vision Care Industry:
● Johnson & Johnson Services, Inc.
● CooperVision, Inc. (Cooper Companies, Inc.)
● Bausch Health Companies, Inc.
● Essilor International
● Novartis International AG
Vision Care Market Report Segmentation:
Breakup By Product Type:
● Glass Lenses
● Contact Lenses
● Intraocular Lenses
● Contact Solutions
● LASIK Equipment
● Artificial Tears
Glass lenses account for the majority of shares as they offer excellent ultraviolet (UV) protection, shielding the eyes from harmful ultraviolet rays.
Breakup By Distribution Channel:
● Retail Stores
● Online Stores
● Clinics
● Hospitals
Retail stores dominate the market due to the rising focus on enhanced convenience and brand visibility.
Breakup By Region:
● North America (United States, Canada)
● Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
● Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
● Latin America (Brazil, Mexico, Others)
● Middle East and Africa
North America enjoys the leading position owing to a large market for vision care driven by the presence of advanced healthcare infrastructure.
Recent News and Developments in Vision Care Market
● January 2024: Kian Capital Partners and RF Investment Partners launched US VisionMed Partners, a management services organization (MSO) focused on enhancing optometry practices nationwide with advanced medical services and operational support.
● May 2024: WHO introduced the global SPECS 2030 initiative to guarantee universal access to quality, affordable spectacles and person-centered vision care services for all populations in need worldwide.
● September 2024: Bausch + Lomb launched a new online marketplace platform providing eye care professionals comprehensive access to lenses, eye care products, and professional resources, streamlining ordering and inventory management for enhanced patient care efficiency.
Note: If you require specific details, data, or insights that are not currently included in the scope of this report, we are happy to accommodate your request. As part of our customization service, we will gather and provide the additional information you need, tailored to your specific requirements. Please let us know your exact needs, and we will ensure the report is updated accordingly to meet your expectations.
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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