3 Popular March Research Studies on Eye Care Market

22 Mar 2023 • by Natalie Aster

LONDON – Market Publishers is happy to inform that a large number of comprehensive research studies featuring various sectors of the eye care market have been recently uploaded to our website. These reports offer access to updated information on the performance and dynamics of the examined markets, describe historical and present market scenarios, identify the major growth drivers and restraints, discuss prevailing and emerging trends, examine the competitive scenario, and provide future forecasts. Market Publishers’ experts have identified the three most popular March reports featuring the eye care market available at MarketPublishers.com:

Eyewear Market 

Last year, the value of the global eyewear market reached USD 149.3 billion. It is forecast to come to USD 222.1 billion by the year 2028. The world’s market for eyewear is slated for healthy growth at a CAGR of appr. 6.9% in the next 5 years, propelled by the rising incidence of ocular diseases worldwide, a considerable increase in the cases of partial and severe vision impairment among adults, and a growing incidence of myopia and hypermetropia among children. Besides, the increasing geriatric population around the world will likely act as another important market growth driver. Moreover, rising government initiatives and programs to spread awareness about preventive measures and available treatment options for different eyesight problems are also expected to add to the eyewear market growth during the forecast period. The spectacles segment is anticipated to command the dominant share of the global eyewear market in the next 5 years…

Contact Lens Market

According to WHO, approximately 2.2 billion people have vision impairment or blindness, of whom around 1 billion have a vision impairment that could have been prevented or is yet to be addressed. The rising prevalence of severe eye conditions (like glaucoma, presbyopia, etc.) drives the demand for contact lenses. The global contact lens market reached the value of USD 19.69 billion last year. This market is projected to exhibit healthy growth at a CAGR of 6.09% in the next 5 years, fueled by the increasing prevalence of vision problems, an upturn in R&D activities in the contact lens sector, the introduction of products with additional features and functionality, technological advancements, and rising demand for coloured contact lens as a fashion accessory. The silicone hydrogel contact lenses segment is expected to maintain the dominant market share during the forecast years...

Vision Care Market

The global vision care market was estimated at around USD 69.3 billion in 2022. This market is predicted to increase at a 3.39% CAGR in the next 5 years to reach a value of USD 85.5 billion by the year 2028. The rising number of people suffering from vision-related ailments (including glaucoma, cataracts, retinal detachment, and conjunctivitis, among others), backed by the high prevalence of sedentary lifestyles, unhealthy dieting habits, increasing pollution levels, rapidly aging population, and rising incidence of chronic conditions, is poised to act as the major market growth engine in the coming years. Furthermore, an upturn in the development and production of various vision care medicines (available in the form of drops, pills, and ointments) will also add to the market growth. In addition, the booming e-commerce sector and enhancing awareness about visual impairment caused by UV rays will also propel the vision care market growth in the next 5 years…

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