According to the latest report published, the global vision care
market size is projected to account for over US$ 127,730 Mn, in terms
of value, by 2028 end. The report further projects significant growth
with an average CAGR of 7.1% through 2028.
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The vision care market size is largely dominated by major brands who are competing on the basis of pricing in the market. The fragmented nature of the market decreases the profitability of the business. However, growing awareness about vision careand increasing need for eye care products and solutions due to rising geriatric population and usage of electronic devices are factors expected to boost the growth of the vision caremarket. Companies such as Essilor, ZEISS International, Johnson & Johnson, Bausch and Lomb (Acq. by Valeant Pharmaceuticals) and LUXOTTICA GROUP hold more than 40% revenue share in the global vision caremarket. These companies are constantly making efforts to launch novel products for vision care. Furthermore, the companies operating in the vision care market are collaborating with local distributors/retailers to increase the penetration of their products in the global vision care market.
Rising Number of Patients with Eye-related Disorders
Eye health and vision care are the major concerns worldwide. Rising number of geriatric population and usage of electronic devices are factors mostly responsible for vision-related problems. This has led to an increase in the number of patients with vision related problems and need for the eye care products and services. People with vision-related diseases are at risk of blindness or significant vision loss if left untreated. Most of the disorders & conditions causing visual impairment & blindness are preventable or readily treatable with known & cost-effective interventions and normal vision can be restored with eyeglasses, contact lenses or refractive surgery. Population aged 65+ years is growing day-by-day and with this the demand for eye care-related products and solutions is increasing. This increase in population and need represents the market opportunities for new consumers globally. Healthcare initiatives by the Federal health care programs have increased the number of eligible people for vision care benefits. Besides, the out-of-pocket costs have reduced for patients due to insurance coverage.
Vision Care Treatment Issues and Rising Treatment Costs
Worldwide vision loss is considered to be one of the major healthcare challenges. In the coming years, with the increasing prevalence of eye disease among the ageing population, the costs of vision loss is also expected to rise significantly. Declining eye care treatment rate is one of the major factors hampering the growth of the global vision care market. LASIK surgery was introduced in the U.S. 20 years ago. To correct vision, millions of Americans undergo LASIK eye surgery. Some common side effects and complication of LASIK surgery faced by patients are complications in the hinged flap, which is created in LASIK surgery in front of the cornea and discomfort & vision disturbance faced after surgery. To resolve this problems patients have to undergo additional medical treatment or enhancement surgery. This increases the out-of-pocket cost of patients as some insurance coverage plans only cover limited set of surgeries.
Availability of Vision Care Products Online With a Variety of Offers
E-commerce platform influencing nearly every aspect of a consumer’s purchasing decision from searching for the product or services, product reviews and comparison of products. Companies growing the sales of eyeglasses, spectacle lenses & contact lenses by increasing the vision care products available online through different websites. Nowadays, vision care products are easily purchased through online sales channels. Many websites have a wide range of vision care products. And some manufacturers such as Zeiss are introducing online testing websites, where one can check the status of their eye and take professional advice. “ZEISS Online Vision Screening Check” developed by Zeiss experts is free and allows the individual to test their eyes. After the test, the individual will receive a recommendation whether one should consult a ZEISS eye care professional for expert advice. Many websites offer discounts on branded eye wears. Online shopping makes it easy to order contacts lenses with a wide selection of lenses or glasses with great prices and free returns.
Vision Care Market: Companies
The report tracks some of the key companies operating in the vision care market, such as Bausch and Lomb (Acq. by Valeant Pharmaceuticals), Alcon (sub. Novartis AG), CooperVision and Johnson & Johnson, LUXOTTICA GROUP, Essilor, ZEISS International, Safilo Group and Rodenstock.
Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/vision-care-market-global-industry-analysis-2013-2017-and-opportunity-assessment-2018-2028-report.html/toc
According to the World Health Organization (WHO), approximately 285 million people are visually impaired worldwide. Out of these, 39 million people are blind and 246 million people have low vision. Around 80% of vision problem is treatable & preventable. The vision loss causes massive human suffering. It represents a public health, the social & economic problem for countries, especially the developing countries such as sub-Saharan Africa, China and India, where around 60% of individuals are suffering from vision-related problems. The international community spends each year about US$80 million for the prevention of blindness. "VISION 2020 - The Right to Sight” global action programme launched by many other NGOs, international, non-governmental and private organizations collaborated with WHO to reduce avoidable blindness and increase eye care delivery. “VISION 2020” initiated global campaigns to raise awareness among individuals & governments about the societal effects of blindness and to gather a strong, long-term political & professional commitment to reduce avoidable blindness. “VISION 2020” has taken initiation to develop & strengthen the primary health/eye care methodology to prevent the problem of avoidable blindness.
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ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfil all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organisations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
For More Reports Visit @ http://marketresearchlatestreports.blogspot.com/
Download Exclusive Sample Of This Report: https://www.researchmoz.us/enquiry.php?type=S&repid=2056847
The vision care market size is largely dominated by major brands who are competing on the basis of pricing in the market. The fragmented nature of the market decreases the profitability of the business. However, growing awareness about vision careand increasing need for eye care products and solutions due to rising geriatric population and usage of electronic devices are factors expected to boost the growth of the vision caremarket. Companies such as Essilor, ZEISS International, Johnson & Johnson, Bausch and Lomb (Acq. by Valeant Pharmaceuticals) and LUXOTTICA GROUP hold more than 40% revenue share in the global vision caremarket. These companies are constantly making efforts to launch novel products for vision care. Furthermore, the companies operating in the vision care market are collaborating with local distributors/retailers to increase the penetration of their products in the global vision care market.
Rising Number of Patients with Eye-related Disorders
Eye health and vision care are the major concerns worldwide. Rising number of geriatric population and usage of electronic devices are factors mostly responsible for vision-related problems. This has led to an increase in the number of patients with vision related problems and need for the eye care products and services. People with vision-related diseases are at risk of blindness or significant vision loss if left untreated. Most of the disorders & conditions causing visual impairment & blindness are preventable or readily treatable with known & cost-effective interventions and normal vision can be restored with eyeglasses, contact lenses or refractive surgery. Population aged 65+ years is growing day-by-day and with this the demand for eye care-related products and solutions is increasing. This increase in population and need represents the market opportunities for new consumers globally. Healthcare initiatives by the Federal health care programs have increased the number of eligible people for vision care benefits. Besides, the out-of-pocket costs have reduced for patients due to insurance coverage.
Vision Care Treatment Issues and Rising Treatment Costs
Worldwide vision loss is considered to be one of the major healthcare challenges. In the coming years, with the increasing prevalence of eye disease among the ageing population, the costs of vision loss is also expected to rise significantly. Declining eye care treatment rate is one of the major factors hampering the growth of the global vision care market. LASIK surgery was introduced in the U.S. 20 years ago. To correct vision, millions of Americans undergo LASIK eye surgery. Some common side effects and complication of LASIK surgery faced by patients are complications in the hinged flap, which is created in LASIK surgery in front of the cornea and discomfort & vision disturbance faced after surgery. To resolve this problems patients have to undergo additional medical treatment or enhancement surgery. This increases the out-of-pocket cost of patients as some insurance coverage plans only cover limited set of surgeries.
Availability of Vision Care Products Online With a Variety of Offers
E-commerce platform influencing nearly every aspect of a consumer’s purchasing decision from searching for the product or services, product reviews and comparison of products. Companies growing the sales of eyeglasses, spectacle lenses & contact lenses by increasing the vision care products available online through different websites. Nowadays, vision care products are easily purchased through online sales channels. Many websites have a wide range of vision care products. And some manufacturers such as Zeiss are introducing online testing websites, where one can check the status of their eye and take professional advice. “ZEISS Online Vision Screening Check” developed by Zeiss experts is free and allows the individual to test their eyes. After the test, the individual will receive a recommendation whether one should consult a ZEISS eye care professional for expert advice. Many websites offer discounts on branded eye wears. Online shopping makes it easy to order contacts lenses with a wide selection of lenses or glasses with great prices and free returns.
Vision Care Market: Companies
The report tracks some of the key companies operating in the vision care market, such as Bausch and Lomb (Acq. by Valeant Pharmaceuticals), Alcon (sub. Novartis AG), CooperVision and Johnson & Johnson, LUXOTTICA GROUP, Essilor, ZEISS International, Safilo Group and Rodenstock.
Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/vision-care-market-global-industry-analysis-2013-2017-and-opportunity-assessment-2018-2028-report.html/toc
According to the World Health Organization (WHO), approximately 285 million people are visually impaired worldwide. Out of these, 39 million people are blind and 246 million people have low vision. Around 80% of vision problem is treatable & preventable. The vision loss causes massive human suffering. It represents a public health, the social & economic problem for countries, especially the developing countries such as sub-Saharan Africa, China and India, where around 60% of individuals are suffering from vision-related problems. The international community spends each year about US$80 million for the prevention of blindness. "VISION 2020 - The Right to Sight” global action programme launched by many other NGOs, international, non-governmental and private organizations collaborated with WHO to reduce avoidable blindness and increase eye care delivery. “VISION 2020” initiated global campaigns to raise awareness among individuals & governments about the societal effects of blindness and to gather a strong, long-term political & professional commitment to reduce avoidable blindness. “VISION 2020” has taken initiation to develop & strengthen the primary health/eye care methodology to prevent the problem of avoidable blindness.
About ResearchMoz
ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfil all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organisations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.
For More Information Kindly Contact:
ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us
For More Reports Visit @ http://marketresearchlatestreports.blogspot.com/
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