Vision Care Market Size, Overview, Share and Development

Posted by Vinit on January 19th, 2021

The global vision care market is on a path to grow beyond USD 70,818.48 Million valuations by 2025 at a CAGR of 4.48% during the forecast period of 2019 to 2025. Market Research Future (MRFR) reveals several aspects of the global market like the growing geriatric population, increasing awareness about refractive errors, better technological inclusion, hike in investment, and others are expected to set the market in motion. However, the market may find some distraction in the form of complications regarding contact-lens.

Segmentation:

MRFR made an assessment of the global vision care market by having it segmented into product type, end-user, indication, and treatment. These segments and their insights based on the factors and dynamics motivating the segmental moves have been charted well to get a closer look at the global market progress.

By product type, the report on the vision care market can be segmented into a contact lens, eyeglasses, intraocular lens (IOL), contact lens solution, and others. The contact lens segment includes a therapeutic lens, cosmetic, corrective lens, and lifestyle-oriented lens. The eyeglasses segment dominates the market, and it is sub-segmented into Single Vision, Progressive, Bifocal, and Sunglasses. The IOL segment includes traditional/mono-focal, premium, and phakic.

By indication, the global market for vision care can be segmented into refractive error, glaucoma, diabetic retinopathy, amblyopia, dry eyes, and others. The refractive error segment is quite common. The dry eyes segment is also common as the malfunctioning of tear glands happen to a lot of people.

By treatment, the global market for vision care can be segmented into surgery, medication, laser therapy, and others. The surgery part can be sub-segmented into cornea transplant, vitrectomy, and cataract surgery. It has the maximum market share. The medication segment includes acetylcysteine, gentamicin, acetazolamide, and others.