Global Vision Care Market 2018-2022
About Vision Care
The global vision care market includes product offerings used to correct vision. These products are used to correct any errors in the human eye.
Technavio’s analysts forecast the global vision care market to grow at a CAGR of 4.25% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global vision care market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Vision Care Market 2018-2022
Technavio recognizes the following companies as the key players in the global vision care market: Essilor, Johnson & Johnson, Novartis, The Cooper Companies, Valeant Pharmaceuticals, and ZEISS.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is innovative product launches. Manufacturers in the market are focused on upgrading their products and offer innovative products. The contact lens production technology is continuously evolving, and modern technology is consequent in higher efficiency, reduced overall cost, and improved quality and precision of the final product.”
According to the report, one driver in the market is rise in frequency of product launches. Several vision care companies are focused on increasing their market share by widening their product launches by investing extensively in R&D. Vendors are developing products to cater to the varied demands of consumers such as patients, hospitals, and ophthalmology clinics.
Further, the report states that one challenge in the market is limitations in vision care products. In spite of the several advantages of vision care products, they also have a few limitations that restrict their adoption. Some limitations of vision care products are linked to its physical discomfort.
Essilor, Johnson & Johnson, Novartis, The Cooper Companies, Valeant Pharmaceuticals, and ZEISS.
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