Eye Care

Global Eye Care Market to Reach US$99.1 Billion by 2030

The global market for Eye Care estimated at US$73.3 Billion in the year 2024, is expected to reach US$99.1 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2024-2030. Contact Lens, one of the segments analyzed in the report, is expected to record a 4.0% CAGR and reach US$42.1 Billion by the end of the analysis period. Growth in the Intraocular Lens segment is estimated at 6.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$20.0 Billion While China is Forecast to Grow at 8.0% CAGR

The Eye Care market in the U.S. is estimated at US$20.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$19.5 Billion by the year 2030 trailing a CAGR of 8.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.6% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Global Eye Care Market – Key Trends & Drivers Summarized

Why Is the Eye Care Market Expanding Rapidly?

The global eye care market is witnessing rapid expansion due to the increasing prevalence of eye-related disorders, growing awareness about vision health, and advancements in optometry and ophthalmic technologies. With aging populations worldwide, conditions such as cataracts, glaucoma, and age-related macular degeneration (AMD) have become more common, driving the demand for advanced diagnostic tools, corrective lenses, and surgical interventions. Additionally, the rise in screen time due to digital dependence has led to a surge in cases of digital eye strain and myopia, further fueling demand for eye care solutions.

The market encompasses a wide range of products and services, including prescription eyeglasses, contact lenses, laser eye surgeries, eye drops, and nutraceuticals for vision health. Increasing consumer awareness about preventive eye care, particularly in urbanized regions, has also driven the adoption of blue light-blocking glasses, artificial tears, and dietary supplements formulated to support eye health. Additionally, public health initiatives and corporate wellness programs promoting regular eye check-ups have contributed to market growth, ensuring that individuals take a proactive approach to vision care.

How Are Technological Innovations Transforming the Eye Care Industry?

Technological advancements are revolutionizing the eye care industry, making diagnostics and treatments more precise and accessible. Cutting-edge developments in optical coherence tomography (OCT), artificial intelligence (AI)-powered retinal screening, and minimally invasive eye surgeries have improved early detection and treatment of vision-threatening conditions. Smart contact lenses embedded with biosensors are emerging as a breakthrough innovation, allowing real-time monitoring of eye health indicators such as intraocular pressure in glaucoma patients.

Telemedicine is also playing a significant role in modernizing eye care, enabling remote eye exams and consultations. Digital platforms powered by AI are assisting optometrists in diagnosing conditions more efficiently, reducing the need for in-person visits while maintaining high diagnostic accuracy. Moreover, the integration of augmented reality (AR) in vision correction and therapy is enhancing the experience of patients undergoing vision training or rehabilitation. These innovations are making eye care more accessible and improving treatment outcomes, particularly in underserved regions with limited access to specialized eye care professionals.

What Factors Are Driving Growth in the Eye Care Market?

The rising demand for corrective vision products, increased investment in ophthalmic research, and growing health awareness are key drivers of the eye care market. As urbanization and lifestyle changes contribute to higher cases of refractive errors and dry eye syndrome, consumers are increasingly investing in high-quality eye care products, including specialty lenses, lubricating eye drops, and dietary supplements enriched with lutein and omega-3 fatty acids. The expansion of health insurance coverage for vision care services is also encouraging more individuals to seek regular eye examinations and corrective procedures.

The growth in the eye care market is driven by several factors, including technological innovations in diagnostic tools, the increasing adoption of tele-optometry, and rising consumer spending on vision health. Government initiatives aimed at reducing blindness and vision impairment, along with corporate wellness programs addressing digital eye strain, are further supporting market expansion. Additionally, the development of personalized vision correction solutions and the increasing availability of premium eye care products are expected to sustain long-term market growth. As the global population ages and digital lifestyles continue to impact eye health, the demand for innovative and preventive eye care solutions will remain strong.

SCOPE OF STUDY:

The report analyzes the Eye Care market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Contact Lens, Intraocular Lens, Ocular Health Products, Other Eye Care Products); Mode of Purchase (Over-The-Counter Product Purchases, Prescribed Product Purchases); Distribution Channel (Hospital & Clinic, Retail Store, Online Store Distribution Channel, Other Distribution Channels)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Advancing Eyecare
• Alcon Inc.
• Bausch + Lomb
• Carl Zeiss Meditec AG
• CooperVision
• Davis Vision
• EssilorLuxottica
• EyeCare Partners
• Eyecare Services Partners (ESP)
• Glaukos Corporation
• Hoya Corporation
• Johnson & Johnson Vision Care, Inc.
• Menicon Co., Ltd.
• NIDEK Co., Ltd.
• Novartis AG
• Santen Pharmaceutical Co., Ltd.
• STAAR Surgical Company
• Topcon Corporation
• VSP Vision Care
• Ziemer Ophthalmic Systems AG

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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