DUBLIN--(BUSINESS WIRE)--The "Vision Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
According to the report, the global vision care market reached a value of US$ 54 Billion in 2017. Owing to the below factors, the market is expected to reach a value of US$ 66 Billion by 2023, exhibiting a CAGR of around 3.4% during 2018-2023.
Growing prevalence of electronic screens in day-to-day lives represents the key factor driving the global vision care market. Increased use of laptops, PCs, tablets, mobile phones, and other devices along with sedentary lifestyles and unhealthy diets have led to the development of vision related problems such as myopia, astigmatism, hyperopia, retinal tears, macular edema, diabetic retinopathy, etc.
Additionally, the lack of comfort associated with eye glasses has augmented the demand for contact lenses, which is further driving the market. Moreover, brand name and product design have become the deciding factors for purchase, instead of functionality. This paradigm shift in the consumer behaviour and growing brand awareness has led to the expansion of the market.
The report has segmented the market on the basis of type into glass lenses, contact lenses, intraocular lenses, contact solutions, lasik equipment, and artificial tear. Amongst these, glass lenses represent the most popular product type.
On the basis of the distribution channels, the market has been segmented into retail stores, online stores, clinics, and hospitals. Currently, retail store is the largest distribution channel, accounting for the majority of total sales.
On a regional basis, the report covers North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Currently, North America represents the largest region.
- Johnson & Johnson
- Valeant Pharmaceuticals
- Novartis AG
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Vision Care Market
6 Market Breakup by Product Type
7 Market Breakup by Distribution Channel
8 Market Breakup by Region
9 Vision Care Manufacturing Process
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/f37xwc/global_vision?w=4