Vision Care Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Growth Factors of Vision Care Market
The vision care market size was valued at USD 125.17 billion in 2018, and the market is now projected tgrow from USD 125.17 billion in 2018 tUSD 283.39 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period of 2023-2030.
The COVID-19 pandemic had a notable impact on vision care market growth, driving both challenges and opportunities. On the one hand, the closure of optometry clinics and a decrease in non-essential healthcare visits led ta decline in eye examinations, eyewear sales, and elective surgeries. On the other hand, the pandemic accelerated the adoption of telemedicine for eye care consultations and online sales of eyewear. Increased screen time during lockdowns alscontributed ta rise in digital eye strain, heightening the demand for vision correction products like glasses and blue light filtering lenses. As a result, the vision care industry is now embracing more digital solutions, such as virtual eye exams and e-commerce platforms, while alsfocusing on long-term changes in consumer behaviour and healthcare delivery.
The growing awareness concerning ocular illnesses inside emerging international locations has led tan upward thrust in the vision care market share. Asia Pacific countries, including South Korea, Japan, and China, have witnessed an increasing reputation for coloured touch lenses for classy value. Additionally, the growing accessibility of spectacles and sun shades due tgrowing affordability in emerging nations is expected tfuel the call for the market all through the forecast period. The increasing expenditure of people in rising international locations has enabled a boom in the call for better-quality shades. One of the key drivers influencing the vision care marketplace fashion is the developing population of people laid low with ocular sicknesses.
Additionally, in countries including India and Japan, there may be a growing focus on cataract issues. In developed international locations, favourable reimbursement guidelines for cataract surgical procedures are predicted tpressure the market. The growing trend for the adoption of the most efficient intraocular lenses will boost the increase in North America.
Comprehensive Analysis of the Vision Care Market
The vision care marketplace is segmented by way of product kind and distribution channel. By product kind, it consists of eyewear (in addition divided intspectacles, touch lenses, and sun shades), intraocular lenses, and ocular fitness merchandise. The distribution channels are classified intretail shops, online stores, and hospital clinics. Retail shops are predicted tgenerate the best revenue due tthe extensive availability of imaginative and prescient care products. However, the growing preference for online buying pushed via advantages inclusive of discounts, domestic shipping, and virtual try-ons, is anticipated tboost the online store’s segment in the forecast length.
North America generated sales of USD 38.82 billion in 2018 and is expected thold the main position within the market for the duration of the forecast duration. Higher adoption of imaginative and prescient care merchandise is anticipated tenhance the boom of the marketplace inside the region.
The imaginative and prescient care marketplace includes predominant players, which include Alcon (Part of Novartis AG) (Switzerland), Essilor (France), CooperVision (USA), Johnson and Johnson Services, Inc. (USA), Bausch Health Companies Inc. (Canada), GrandVision (Netherlands), Carl Zeiss (Germany), and Menicon (Japan). These companies are key participants in the development and distribution of vision care merchandise globally.
In September 2019, Johnson and Johnson’s imaginative and prescient department launched the ACUVUE line of Revitalen’s multi-purpose disinfecting solution for contact lenses.
Segmentation Table
Global Vision care Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 6.1% from 2024-2032
Historical Period 2015-2017
Unit Value (USD Billion)
Segmentation By product Type, distribution channel, and Region
By product Type
Eyewear
- Spectacles
- Sunglasses
- Contact Lens
Intraocular Lens
Ocular Health
By distribution channel
Retail Store
Online Store
Hospital and Clinics
By Region
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)
The vision care market size was valued at USD 125.17 billion in 2018, and the market is now projected tgrow from USD 125.17 billion in 2018 tUSD 283.39 billion by 2032, exhibiting a CAGR of 6.1% during the forecast period of 2023-2030.
The COVID-19 pandemic had a notable impact on vision care market growth, driving both challenges and opportunities. On the one hand, the closure of optometry clinics and a decrease in non-essential healthcare visits led ta decline in eye examinations, eyewear sales, and elective surgeries. On the other hand, the pandemic accelerated the adoption of telemedicine for eye care consultations and online sales of eyewear. Increased screen time during lockdowns alscontributed ta rise in digital eye strain, heightening the demand for vision correction products like glasses and blue light filtering lenses. As a result, the vision care industry is now embracing more digital solutions, such as virtual eye exams and e-commerce platforms, while alsfocusing on long-term changes in consumer behaviour and healthcare delivery.
The growing awareness concerning ocular illnesses inside emerging international locations has led tan upward thrust in the vision care market share. Asia Pacific countries, including South Korea, Japan, and China, have witnessed an increasing reputation for coloured touch lenses for classy value. Additionally, the growing accessibility of spectacles and sun shades due tgrowing affordability in emerging nations is expected tfuel the call for the market all through the forecast period. The increasing expenditure of people in rising international locations has enabled a boom in the call for better-quality shades. One of the key drivers influencing the vision care marketplace fashion is the developing population of people laid low with ocular sicknesses.
Additionally, in countries including India and Japan, there may be a growing focus on cataract issues. In developed international locations, favourable reimbursement guidelines for cataract surgical procedures are predicted tpressure the market. The growing trend for the adoption of the most efficient intraocular lenses will boost the increase in North America.
Comprehensive Analysis of the Vision Care Market
The vision care marketplace is segmented by way of product kind and distribution channel. By product kind, it consists of eyewear (in addition divided intspectacles, touch lenses, and sun shades), intraocular lenses, and ocular fitness merchandise. The distribution channels are classified intretail shops, online stores, and hospital clinics. Retail shops are predicted tgenerate the best revenue due tthe extensive availability of imaginative and prescient care products. However, the growing preference for online buying pushed via advantages inclusive of discounts, domestic shipping, and virtual try-ons, is anticipated tboost the online store’s segment in the forecast length.
North America generated sales of USD 38.82 billion in 2018 and is expected thold the main position within the market for the duration of the forecast duration. Higher adoption of imaginative and prescient care merchandise is anticipated tenhance the boom of the marketplace inside the region.
The imaginative and prescient care marketplace includes predominant players, which include Alcon (Part of Novartis AG) (Switzerland), Essilor (France), CooperVision (USA), Johnson and Johnson Services, Inc. (USA), Bausch Health Companies Inc. (Canada), GrandVision (Netherlands), Carl Zeiss (Germany), and Menicon (Japan). These companies are key participants in the development and distribution of vision care merchandise globally.
In September 2019, Johnson and Johnson’s imaginative and prescient department launched the ACUVUE line of Revitalen’s multi-purpose disinfecting solution for contact lenses.
Segmentation Table
Global Vision care Market Scope
Study Period 2015-2026
Base Year 2018
Forecast Period 2019-2026
Growth Rate CAGR of 6.1% from 2024-2032
Historical Period 2015-2017
Unit Value (USD Billion)
Segmentation By product Type, distribution channel, and Region
By product Type
Eyewear
- Spectacles
- Sunglasses
- Contact Lens
Intraocular Lens
Ocular Health
By distribution channel
Retail Store
Online Store
Hospital and Clinics
By Region
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)
Table of Contents
115 Pages
- 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
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Product Type
- 6.2.1. Eyewear
- 6.2.1.1. Spectacles
- 6.2.1.2. Sunglasses
- 6.2.1.3. Contact Lens
- 6.2.2. Intraocular Lenses
- 6.2.3. Ocular Health
- 6.3. Market Analysis – By Distribution Channel
- 6.3.1. Retail Store
- 6.3.2. Online Store
- 6.3.3. Hospitals and Clinics
- 6.4. Market Analysis – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Vision Care Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Product Type
- 7.2.1. Eyewear
- 7.2.1.1. Spectacles
- 7.2.1.2. Sunglasses
- 7.2.1.3. Contact Lens
- 7.2.2. Intraocular Lenses
- 7.2.3. Ocular Health
- 7.3. Market Analysis – By Distribution Channel
- 7.3.1. Retail Store
- 7.3.2. Online Store
- 7.3.3. Hospitals and Clinics
- 7.4. Market Analysis – By Country/ Sub-region
- 7.4.1. U.K.
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Spain
- 7.4.5. Italy
- 7.4.6. Scandinavia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Vision Care Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Product Type
- 8.2.1. Eyewear
- 8.2.1.1. Spectacles
- 8.2.1.2. Sunglasses
- 8.2.1.3. Contact Lens
- 8.2.2. Intraocular Lenses
- 8.2.3. Ocular Health
- 8.3. Market Analysis – By Distribution Channel
- 8.3.1. Retail Store
- 8.3.2. Online Store
- 8.3.3. Hospitals and Clinics
- 8.4. Market Analysis – By Country/ Sub-region
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. Australia
- 8.4.5. Southeast Asia
- 8.4.6. Rest of Asia Pacific
- 9. Latin America Vision Care Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Product Type
- 9.2.1. Eyewear
- 9.2.1.1. Spectacles
- 9.2.1.2. Sunglasses
- 9.2.1.3. Contact Lens
- 9.2.2. Intraocular Lenses
- 9.2.3. Ocular Health
- 9.3. Market Analysis – By Distribution Channel
- 9.3.1. Retail Store
- 9.3.2. Online Store
- 9.3.3. Hospitals and Clinics
- 9.4. Market Analysis – By Country/ Sub-region
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 10. Middle East & Africa Vision Care Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Analysis – By Product Type
- 10.2.1. Eyewear
- 10.2.1.1. Spectacles
- 10.2.1.2. Sunglasses
- 10.2.1.3. Contact Lens
- 10.2.2. Intraocular Lenses
- 10.2.3. Ocular Health
- 10.3. Market Analysis – By Distribution Channel
- 10.3.1. Retail Store
- 10.3.2. Online Store
- 10.3.3. Hospitals and Clinics
- 10.4. Market Analysis – By Country/ Sub-region
- 10.4.1. GCC Countries
- 10.4.2. South Africa
- 10.4.3. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2018)
- 11.3. Competition Dashboard
- 11.4. Comparative Analysis – Major Players
- 11.5. Company Profiles (Overview, Products & services, SWOT analysis, Recent developments, strategies, financials (based on availability))
- 11.5.1. Alcon / Novartis AG)
- 11.5.1.1. Overview,
- 11.5.1.2. Products & services,
- 11.5.1.3. SWOT analysis,
- 11.5.1.4. Recent developments,
- 11.5.1.5. strategies,
- 11.5.1.6. financials (based on availability)
- 11.5.2. Essilor
- 11.5.2.1. Overview,
- 11.5.2.2. Products & services,
- 11.5.2.3. SWOT analysis,
- 11.5.2.4. Recent developments,
- 11.5.2.5. strategies,
- 11.5.2.6. financials (based on availability)
- 11.5.3. CooperVision
- 11.5.3.1. Overview,
- 11.5.3.2. Products & services,
- 11.5.3.3. SWOT analysis,
- 11.5.3.4. Recent developments,
- 11.5.3.5. strategies,
- 11.5.3.6. financials (based on availability)
- 11.5.4. Johnson & Johnson Services, Inc.
- 11.5.4.1. Overview,
- 11.5.4.2. Products & services,
- 11.5.4.3. SWOT analysis,
- 11.5.4.4. Recent developments,
- 11.5.4.5. strategies,
- 11.5.4.6. financials (based on availability)
- 11.5.5. Bausch Health Companies Inc.
- 11.5.5.1. Overview,
- 11.5.5.2. Products & services,
- 11.5.5.3. SWOT analysis,
- 11.5.5.4. Recent developments,
- 11.5.5.5. strategies,
- 11.5.5.6. financials (based on availability)
- 11.5.6. GrandVision
- 11.5.6.1. Overview,
- 11.5.6.2. Products & services,
- 11.5.6.3. SWOT analysis,
- 11.5.6.4. Recent developments,
- 11.5.6.5. strategies,
- 11.5.6.6. financials (based on availability)
- 11.5.7. Carl Zeiss AG
- 11.5.7.1. Overview,
- 11.5.7.2. Products & services,
- 11.5.7.3. SWOT analysis,
- 11.5.7.4. Recent developments,
- 11.5.7.5. strategies,
- 11.5.7.6. financials (based on availability)
- 11.5.8. Menicon
- 11.5.8.1. Overview,
- 11.5.8.2. Products & services,
- 11.5.8.3. SWOT analysis,
- 11.5.8.4. Recent developments,
- 11.5.8.5. strategies,
- 11.5.8.6. financials (based on availability)
- 11.5.9. Luxottica
- 11.5.9.1. Overview,
- 11.5.9.2. Products & services,
- 11.5.9.3. SWOT analysis,
- 11.5.9.4. Recent developments,
- 11.5.9.5. strategies,
- 11.5.9.6. financials (based on availability)
- 11.5.10. Other Prominent Players
- 11.5.10.1. Overview,
- 11.5.10.2. Products & services,
- 11.5.10.3. SWOT analysis,
- 11.5.10.4. Recent developments,
- 11.5.10.5. strategies,
- 11.5.10.6. financials (based on availability) "
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