As per the latest report by Reports and Data, the global Eyeglasses Eye Care Market size was USD 66.60 Billion in 2021 and is projected to exhibit a revenue CAGR of 3.8% during the forecast period. The growth of technological advancements in eye care and treatment, rising prevalence of ocular diseases, and the increasing trend of screen time are anticipated to drive the market revenue growth. Moreover, the surge in the incidence rate of eye health disorders worldwide is another significant factor that is expected to contribute to the growth of the Eyeglasses Eye Care Market. Urbanization and rapid digitalization are the primary causes of the increasing prevalence of ocular disorders. According to the World Health Organization, over 2.2 billion individuals worldwide have some type of vision impairment, with approximately 50% of them being preventable. Many countries around the world are affected by these disorders, with some leading to fatalities. Additionally, there is a rising prevalence of cataract patients, which is anticipated to boost the demand for intraocular lenses in the Eyeglasses Eye Care Market.
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Top Profiled Companies in the Global Eyeglasses Eye Care Market Report:
Essilor International, Johnson Johnson Services, Inc., Novartis AG, CooperVision, Luxottica Group, Bausch Health Companies Inc., Menicon Co., Ltd., Cadila Pharmaceuticals., Rayner Intraocular Lenses Limited, and Carl-Zeiss-Stiftung.
Restraining Growth of Eyeglasses Eye Care Market
- High treatment costs, particularly for advanced procedures and devices, may limit the accessibility of eye care services for many patients.
- The shortage of skilled ophthalmologists and other eye care professionals in many regions of the world may limit the availability of eye care services.
- The lack of awareness and understanding of ocular diseases and their treatment options among patients and healthcare providers may hinder the growth of the market.
- The limited healthcare infrastructure in many developing countries may also hinder the growth of the Eyeglasses Eye Care Market in these regions.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Product Outlook (Revenue, USD Billion; 2019-2030)
- Intraocular lens
- Eyeglasses
- Contact Lenses
- Others
Treatment (Revenue, USD Billion; 2019-2030)
- Surgery
- Cataract Surgery
- Vision Correction Process
- Cornea Transplant
- Vitrectomy
- Laser Therapy
- Medication
- Others
Distribution Channel (Revenue, USD Billion; 2019-2030)
- Hospitals Clinics
- Retail Stores
- Online
- Others
Key Takeaways of the Global Eyeglasses Eye Care Market Report:
- A comprehensive overview of the global Eye Care industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Eyeglasses Eye Care Market.
- Elaborate study of the leading regional markets in the global Eyeglasses Eye Care Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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