Vision Care

Global Vision Care Market to Reach US$75.8 Billion by 2030

The global market for Vision Care estimated at US$66.2 Billion in the year 2024, is expected to reach US$75.8 Billion by 2030, growing at a CAGR of 2.3% over the analysis period 2024-2030. Glass Lens, one of the segments analyzed in the report, is expected to record a 2.1% CAGR and reach US$54.6 Billion by the end of the analysis period. Growth in the Contact Lens segment is estimated at 2.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$17.4 Billion While China is Forecast to Grow at 4.0% CAGR

The Vision Care market in the U.S. is estimated at US$17.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.4 Billion by the year 2030 trailing a CAGR of 4.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.7% and 1.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Global Vision Care Market - Key Trends & Drivers Summarized

How Is the Growing Prevalence of Eye Disorders Influencing Vision Care?
The increasing incidence of vision-related disorders, including myopia, presbyopia, and age-related macular degeneration, is significantly driving demand for vision care products and services. Factors such as prolonged screen exposure, rising cases of diabetes-related retinopathy, and an aging global population have contributed to an upsurge in ophthalmic consultations and corrective eyewear usage. Additionally, the growing emphasis on preventive eye care and routine vision screening is prompting individuals to seek earlier intervention for potential eye health issues, further expanding the market.

What Innovations Are Revolutionizing Vision Care Solutions?
The vision care market is experiencing rapid technological advancements, with innovations such as smart contact lenses, AI-powered diagnostic tools, and blue light-blocking eyewear gaining popularity. The introduction of myopia management solutions for children, including orthokeratology (Ortho-K) lenses and atropine eye drops, is addressing the increasing prevalence of childhood myopia. Additionally, digital health platforms and tele-optometry services are enabling remote eye examinations, improving access to vision care, particularly in underserved regions. The growing adoption of laser-assisted vision correction procedures, including LASIK and SMILE, is also reshaping the landscape of refractive surgery.

What Market Trends Are Driving the Expansion of Vision Care Services?
Rising consumer awareness about eye health and digital eye strain is fueling demand for specialized vision care products, including anti-fatigue lenses and prescription screen glasses. The e-commerce boom has further facilitated the accessibility of vision care products, with online platforms offering prescription glasses, contact lenses, and vision supplements. Additionally, the increasing availability of insurance coverage for eye care procedures and corrective treatments is making vision care more affordable for a broader demographic. The expansion of optical retail chains and partnerships between ophthalmic clinics and eyewear brands are also contributing to market growth.

What Factors Drive the Growth of the Market?

The growth in the vision care market is driven by several factors, including rising cases of refractive errors, increasing demand for digital eye strain solutions, and advancements in AI-driven eye diagnostics. The proliferation of smart eyewear technology and blue light-blocking lenses is addressing modern lifestyle concerns, boosting market adoption. Additionally, the surge in tele-optometry services and online sales of vision care products is enhancing accessibility for consumers. The growing investment in research and development (R&D) for myopia management and presbyopia treatment solutions is expected to further accelerate market expansion.

SCOPE OF STUDY:

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

Segments:
Segment (Glass Lens, Contact Lens, IOLs, Other Segments)

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 167 Featured) -

• Bausch Health Companies Inc.
• Carl Zeiss AG
• Essilor International
• Johnson & Johnson
• Novartis AG
• The Cooper Companies, Inc.

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