Vision Care Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Top Companies Analysis
Global Vision Care Market Outlook
Global Vision Care Market is predicted to be valued at US$ 102.15 Billion by 2030, according to Renub Research. In today's world, vision care is critical due to the increasing reliance on screens and digital devices. Good vision is essential for educational achievement, workplace productivity, and quality of life. Regular eye assessments can detect early signs of eye diseases like glaucoma and cataracts, preventing vision loss. Besides, proper vision care promotes protection, as impaired vision can affect driving and other activities. With the prevalence of eye strain and myopia rising, prioritizing vision care guarantees that people can maintain optimal eye health and function in our visually-driven society.
Global Vision Care Market is anticipated to experience a CAGR of 4.70% from 2024 to 2030
The growing geriatric population is a driving force behind the expanding global vision care market. As humans age, the eye lens will become much less flexible, mainly due to presbyopia, making it challenging to recognize nearby objects, especially those over 70. Bifocal or modern lenses regularly address this difficulty effectively. Consequently, there is an anticipated surge in the sales of vision care products to fulfill the needs of an aging population, ensuring their visual comfort and proper participation in daily activities.
Moreover, the increasing incidence of vision problems, such as myopia, hyperopia, astigmatism, and presbyopia, is a substantial driving force for the global vision care market. According to the World Health Organization, at least 2.2 billion people worldwide suffer from close to or distant vision impairment, with about 1 billion cases being preventable or untreated. As the worldwide population grows, the demand for effective vision correction and comprehensive eye care solutions becomes more pressing. This highlights the significance of vision care in addressing various visual impairments and retaining the finest eye health across different age groups, fueling the vision care market's desire for modern services and products. Consequently, the Global Vision Care Market was valued at US$ 74.06 Billion in 2023.
Technological advancements are swiftly revolutionizing eye care, with innovations spanning vision correction, eyeglass frames, contact lenses, and lens materials. These traits enhance visual experiences and provide better eye health. Advanced materials like silicon hydrogel lenses increase oxygen permeability, decreasing dryness and inflammation. Smart technologies incorporated into touch lenses monitor situations like glaucoma, fueling the increase in the vision care market. Eyeglass frames incorporate lightweight, long-lasting substances like titanium, providing comfort and sturdiness. Three-dimensional printing enables customizable frames, catering to individual choices. These advancements characterize a positive global vision care market outlook driven by the pursuit of improved consolation, capability, and personalized solutions.
The proliferation of electronic devices like laptops and mobile phones, driven by internet expansion and technological advancements, is a leading cause of eye disorders. To combat this, NGOs and private entities are partnering with the WHO for "VISION 2021 – The Right to Sight," a global initiative to prevent avoidable blindness. It raises awareness among governments about the societal costs of blindness and fosters long-term commitments to reduce it. Similarly, the Patient Protection and Affordable Care Act mandates pediatric eye care as essential in the United States, promising significant growth for the vision care industry.
Glass lenses could continue to be a prominent choice in the vision care market
By product type, the Global Vision Care Market is fragmented into Glass Lenses, Contact Lenses, Intraocular Lenses, Contact Solutions, Lasik Equipment, and Artificial Tears. Glass lenses might remain prevalent in the global vision care market. This is because of their durability, scratch resistance, and optical clarity. While more recent materials offer advantages, glass lenses are recognized for their splendid optical properties, providing sharp, clear vision. Moreover, they're customizable to correct vision problems, from myopia to astigmatism. Despite advancements in lens technology, many people nonetheless decide on glass lenses for their reliability and capability to deliver precise vision correction, ensuring their prominence in the vision care market.
Laser therapy might command a substantial market share in the vision care industry
The Global Vision Care Market is segmented by treatment into Laser Therapy, Surgery, and Medication. Laser therapy holds one of the highest shares in the global vision care market. This is owed to its effectiveness in treating numerous vision-related troubles. It gives precise and minimally invasive vision correction tactics, including LASIK and PRK surgical procedures, which have won significant acceptance. Patients frequently choose these tactics for quick restoration and decreased reliance on corrective eyewear. As improvements in laser technology continue, the popularity of laser therapy is predicted to persist, preserving its enormous proportion in the vision care market.
Retail stores rank as one of the most used channels in the global vision care market
By distribution channel, the Global Vision Care Market is classified into Retail Stores, E-Commerce, Clinics, Hospitals, and Others. Retail stores are among the highly favored channels in the global vision care market. This is due to their accessibility and personalized service. Customers value the possibility of striving for eyeglass frames and obtaining professional advice from skilled opticians. Further, retail shops benefit from instant purchases and adjustments, ensuring a continuing purchasing experience. With the choice to browse a wide range of eyewear manufacturers and styles in-store, consumers often prefer this channel for its hands-on approach and ability to cater to personal options.
United States is positioned to take the lead in the global vision care market
By country, the Global Vision Care Market is diverged into North America (United States, Canada), Europe (France, Germany, Italy, Spain, United Kingdom, Belgium, the Netherlands, and Turkey), Asia Pacific (China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, and New Zealand), Latin America (Brazil, Mexico, and Argentina), Middle East & Africa (South Africa, Saudi Arabia, and the United Arab Emirates). The United States is poised to dominate the global vision care market. This is attributed to its advanced healthcare infrastructure, robust technological innovation, and a high prevalence of vision-related issues.
The United States sees a rising demand for vision correction due to its aging population. With an average of 73 million people aged 65 or older projected from 2023 to 2053, double the average from 1983 to 2022, there is increased eligibility for Medicare and Social Security. The favorable healthcare policies and heightened awareness of eye health also fuels the growth of the United States' vision care market. Combined with industry leaders and proactive technology adoption, the U.S. solidifies its leading role in shaping the global vision care market.
Key Players
The Global Vision Care Market has the presence of companies like Essilor International, Johnson & Johnson Services, Inc., Bausch Health Companies, Inc., Novartis International AG, Grand Vision, Carl Zeiss, Valeant Pharmaceuticals, Paragon Vision Science, and Menicon.
- In June 2023 - Bausch + Lomb Corporation, a subsidiary of Bausch Health Companies, Inc., finalized an agreement with Novartis to acquire XIIDRA (lifitegrast ophthalmic solution) 5%. This non-steroid eye drop is specifically designed to address the signs and symptoms of dry eye disease (DED), targeting inflammation associated with the condition.
Product Type – Global Vision Care Market breakup in 6 viewpoints:
1. Glass Lenses
2. Contact Lenses
3. Intraocular Lenses
4. Contact Solutions
5. Lasik Equipment
6. Artificial Tears
Treatment – Global Vision Care Market breakup in 3 viewpoints:
1. Laser Therapy
2. Surgery
3. Medication
Distribution Channel – Global Vision Care Market breakup in 5 viewpoints:
1. Retail Stores
2. E-Commerce
3. Clinics
4. Hospitals
5. Others
Country – Global Vision Care Market breakup of 25 Countries covered in the Report:
1. North America
1.1 United States
1.2 Canada
2. Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3. Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4. Latin America
4.1 Brazil
4.2 Mexico
4.3 Argentina
5. Middle East & Africa
5.1 Saudi Arabia
5.2 UAE
5.3 South Africa
All the Key players have been covered from 3 Viewpoints:
• Overview
• Recent Development
• Revenue Analysis
Company Analysis:
1. Essilor International
2. Johnson & Johnson Services, Inc.
3. Bausch Health Companies, Inc.
4. Novartis International AG
5. Grand Vision
6. Carl Zeiss
7. Valeant Pharmaceuticals
8. Paragon Vision Science
9. Menicon
Report Details:
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2019 – 2023 |
| Forecast Period | 2024 – 2030 |
| Market | US$ Billion |
| Segment Covered | Product Type, Treatment, Distribution Channel, and Countries |
| Countries Covered | United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand, Brazil, Mexico, Argentina, Saudi Arabia, United Arab Emirates, and South Africa |
| Companies Covered | Essilor International, Johnson & Johnson Services, Inc., Bausch Health Companies, Inc., Novartis International AG, Grand Vision, Carl Zeiss, Valeant Pharmaceuticals, Paragon Vision Science, and Menicon |
| Customization Scope | 20% Free Customization |
| Post-Sale Analyst Support | 1 Year (52 Weeks) |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Vision Care Market
6. Market Share – Global Vision Care Analysis
6.1 By Product Type
6.2 By Treatment
6.3 By Distribution Channel
6.4 By Country
7. Product Type – Global Vision Care Market
7.1 Glass Lenses
7.2 Contact Lenses
7.3 Intraocular Lenses
7.4 Contact Solutions
7.5 Lasik Equipment
7.6 Artificial Tears
8. Treatment – Global Vision Care Market
8.1 Laser Therapy
8.2 Surgery
8.3 Medication
9. Distribution Channel – Global Vision Care Market
9.1 Retail Stores
9.2 E-Commerce
9.3 Clinics
9.4 Hospitals
9.5 Others
10. Country – Global Vision Care Market
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Thailand
10.3.6 Malaysia
10.3.7 Indonesia
10.3.8 Australia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 South Africa
11. Porter’s Five Analysis – Global Vision Care Market
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis – Global Vision Care Market
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Key Players
13.1 Essilor International
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenue
13.2 Johnson & Johnson Services, Inc.
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Revenue
13.3 Bausch Health Companies, Inc.
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Revenue
13.4 Novartis International AG
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Revenue
13.5 Grand Vision
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Revenue
13.6 Carl Zeiss
13.6.1 Overview
13.6.2 Recent Development
13.6.3 Revenue
13.7 Valeant Pharmaceuticals
13.7.1 Overview
13.7.2 Recent Development
13.8 Paragon Vision Science
13.8.1 Overview
13.8.2 Recent Development
13.9 Menicon
13.9.1 Overview
13.9.2 Recent Development
List of Figures:
Figure-01: Global – Vision Care Market (Billion US$), 2019 – 2023
Figure-02: Global – Forecast for Vision Care Market (Billion US$), 2024 – 2030
Figure-03: Product Type – Glass Lenses Market (Million US$), 2019 – 2023
Figure-04: Product Type – Forecast for Glass Lenses Market (Million US$), 2024 – 2030
Figure-05: Product Type – Contact Lenses Market (Million US$), 2019 – 2023
Figure-06: Product Type – Forecast for Contact Lenses Market (Million US$), 2024 – 2030
Figure-07: Product Type – Intraocular Lenses Market (Million US$), 2019 – 2023
Figure-08: Product Type – Forecast for Intraocular Lenses Market (Million US$), 2024 – 2030
Figure-09: Product Type – Contact Solutions Market (Million US$), 2019 – 2023
Figure-10: Product Type – Forecast for Contact Solutions Market (Million US$), 2024 – 2030
Figure-11: Product Type – Lasik Equipment Market (Million US$), 2019 – 2023
Figure-12: Product Type – Forecast for Lasik Equipment Market (Million US$), 2024 – 2030
Figure-13: Product Type – Artificial Tears Market (Million US$), 2019 – 2023
Figure-14: Product Type – Forecast for Artificial Tears Market (Million US$), 2024 – 2030
Figure-15: Treatment – Laser Therapy Market (Million US$), 2019 – 2023
Figure-16: Treatment – Forecast for Laser Therapy Market (Million US$), 2024 – 2030
Figure-17: Treatment – Surgery Market (Million US$), 2019 – 2023
Figure-18: Treatment – Forecast for Surgery Market (Million US$), 2024 – 2030
Figure-19: Treatment – Medication Market (Million US$), 2019 – 2023
Figure-20: Treatment – Forecast for Medication Market (Million US$), 2024 – 2030
Figure-21: Distribution Channel – Retail Stores Market (Million US$), 2019 – 2023
Figure-22: Distribution Channel – Forecast for Retail Stores Market (Million US$), 2024 – 2030
Figure-23: Distribution Channel – E-Commerce Market (Million US$), 2019 – 2023
Figure-24: Distribution Channel – Forecast for E-Commerce Market (Million US$), 2024 – 2030
Figure-25: Distribution Channel – Clinics Market (Million US$), 2019 – 2023
Figure-26: Distribution Channel – Forecast for Clinics Market (Million US$), 2024 – 2030
Figure-27: Distribution Channel – Hospitals Market (Million US$), 2019 – 2023
Figure-28: Distribution Channel – Forecast for Hospitals Market (Million US$), 2024 – 2030
Figure-29: Distribution Channel – Others Market (Million US$), 2019 – 2023
Figure-30: Distribution Channel – Forecast for Others Market (Million US$), 2024 – 2030
Figure-31: United States – Vision Care Market (Million US$), 2019 – 2023
Figure-32: United States – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-33: Canada – Vision Care Market (Million US$), 2019 – 2023
Figure-34: Canada – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-35: France – Vision Care Market (Million US$), 2019 – 2023
Figure-36: France – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-37: Germany – Vision Care Market (Million US$), 2019 – 2023
Figure-38: Germany – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-39: Italy – Vision Care Market (Million US$), 2019 – 2023
Figure-40: Italy – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-41: Spain – Vision Care Market (Million US$), 2019 – 2023
Figure-42: Spain – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-43: United Kingdom – Vision Care Market (Million US$), 2019 – 2023
Figure-44: United Kingdom – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-45: Belgium – Vision Care Market (Million US$), 2019 – 2023
Figure-46: Belgium – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-47: Netherlands – Vision Care Market (Million US$), 2019 – 2023
Figure-48: Netherlands – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-49: Turkey – Vision Care Market (Million US$), 2019 – 2023
Figure-50: Turkey – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-51: China – Vision Care Market (Million US$), 2019 – 2023
Figure-52: China – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-53: Japan – Vision Care Market (Million US$), 2019 – 2023
Figure-54: Japan – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-55: India – Vision Care Market (Million US$), 2019 – 2023
Figure-56: India – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-57: South Korea – Vision Care Market (Million US$), 2019 – 2023
Figure-58: South Korea – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-59: Thailand – Vision Care Market (Million US$), 2019 – 2023
Figure-60: Thailand – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-61: Malaysia – Vision Care Market (Million US$), 2019 – 2023
Figure-62: Malaysia – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-63: Indonesia – Vision Care Market (Million US$), 2019 – 2023
Figure-64: Indonesia – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-65: Australia – Vision Care Market (Million US$), 2019 – 2023
Figure-66: Australia – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-67: New Zealand – Vision Care Market (Million US$), 2019 – 2023
Figure-68: New Zealand – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-69: Brazil – Vision Care Market (Million US$), 2019 – 2023
Figure-70: Brazil – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-71: Mexico – Vision Care Market (Million US$), 2019 – 2023
Figure-72: Mexico – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-73: Argentina – Vision Care Market (Million US$), 2019 – 2023
Figure-74: Argentina – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-75: Saudi Arabia – Vision Care Market (Million US$), 2019 – 2023
Figure-76: Saudi Arabia – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-77: UAE – Vision Care Market (Million US$), 2019 – 2023
Figure-78: UAE – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-79: South Africa – Vision Care Market (Million US$), 2019 – 2023
Figure-80: South Africa – Forecast for Vision Care Market (Million US$), 2024 – 2030
Figure-81: Essilor International – Global Revenue (Million US$), 2019 – 2023
Figure-82: Essilor International – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-83: Johnson & Johnson Services, Inc. – Global Revenue (Million US$), 2019 – 2023
Figure-84: Johnson & Johnson Services, Inc. – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-85: Bausch Health Companies, Inc. – Global Revenue (Million US$), 2019 – 2023
Figure-86: Bausch Health Companies, Inc. – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-87: Novartis International AG – Global Revenue (Million US$), 2019 – 2023
Figure-88: Novartis International AG – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-89: Grand Vision – Global Revenue (Million US$), 2019 – 2023
Figure-90: Grand Vision – Forecast for Global Revenue (Million US$), 2024 – 2030
Figure-91: Carl Zeiss – Global Revenue (Million US$), 2019 – 2023
Figure-92: Carl Zeiss – Forecast for Global Revenue (Million US$), 2024 – 2030
List of Tables:
Table-01: Global – Vision Care Market Share by Product Type (Percent), 2019 – 2023
Table-02: Global – Forecast for Vision Care Market Share by Product Type (Percent), 2024 – 2030
Table-03: Global – Vision Care Market Share by Treatment (Percent), 2019 – 2023
Table-04: Global – Forecast for Vision Care Market Share by Treatment (Percent), 2024 – 2030
Table-05: Global – Vision Care Market Share by Distribution Channel (Percent), 2019 – 2023
Table-06: Global – Forecast for Vision Care Market Share by Distribution Channel (Percent), 2024 – 2030
Table-07: Global – Vision Care Market Share by Countries (Percent), 2019 – 2023
Table-08: Global – Forecast for Vision Care Market Share by Countries (Percent), 2024 – 2030
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