The Insight Partners published latest research report on “Vision Care Market Share Report, Size, Segment, Scope & Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type and Distribution Channel”, the global market is expected to grow from USD 74,110.14 million in 2022 to USD 98,968.42 million by 2028; it is estimated to register a CAGR of 4.9% from 2022 to 2028.
The Insight Partners published latest research report on “Vision Care Market Share Report, Size, Segment, Scope & Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type and Distribution Channel”, the global market is expected to grow from USD 74,110.14 million in 2022 to USD 98,968.42 million by 2028; it is estimated to register a CAGR of 4.9% from 2022 to 2028.
Download PDF Brochure: https://www.theinsightpartners.com/sample/TIPRE00011953
Rising Funds for Eye Care Research Would Drive Growth of Global Vision Care Market:
Extensive ongoing research across the world to identify new treatments for eye diseases is likely to favor the vision care market growth in the coming years. The NEI supports vision research through ~1,500 research grants and training awards made to researchers at over 250 medical centers, hospitals, and universities across 44 states in the US and those around the world. The institute also funds trials to develop cutting-edge therapies for blinding diseases. In 2017, the NEI launched a 3D Retina Organoid Challenge Competition (3D-ROC) to develop functioning mini-retinas from human stem cells. It announced the prize money of US$ 1.1 million to the team with the best replication of retina structure and function. Further, the India-U.S. Collaborative Vision Research Program 2020 focuses on advancing science and technology important to understand, prevent, and treat blinding eye diseases, visual disorders, and associated complications. Both the Indian Department of Biotechnology and the US NEI fund this research program.
The Karolinska Institutet, Sweden, offers grants to promote research on eye diseases. In 2020, the institute announced the funding of SEK 50,000–150,000 (US$ 5,912.88–17,738.64) per person for new research projects on eye diseases. In December 2022, Research to Prevent Blindness (RPB) provided an annual grant of US$ 115,000 to the John A. Moran Eye Center at the University of Utah for eyecare research. These funds will be used to provide maximum flexibility in developing and expanding eye research programs, and fostering creative planning beyond the scope of restricted project grants. In December 2021, NIH-funded projects supported the partnership between Kellogg Eye Center and Aravind Eye Hospital (India) to develop a clinical research training program for eyecare specialists. Such training programs are meant to develop the eyecare field in India. Thus, increasing funds for eyecare research are likely to bring new trends in the vision care market to trigger its growth.
The developments in the vision care market have been characterized as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as launches, expansion, enhancement as well as relocation. Inorganic growth strategies witnessed in the market were mergers & acquisitions, partnership, collaborations, alliance, and agreement & joint ventures. These activities have paved way for expansion of business and customer base of market players.
Quickly Purchase Premium Copy of Vision Care Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPRE00011953
Global Vision Care Market Share Report, Segmentations, Regional & Country Scope:
| Report Coverage | Details |
| Market Size Value in | USD 74,110.14 million in 2022 |
| Market Size Value by | USD 98,968.42 million by 2028 |
| Growth rate | CAGR of 4.9% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
| No. of Pages | 162 |
| No. of Tables | 57 |
| No. of Charts & Figures | 69 |
| Historical data available | Yes |
| Segments covered | Product Type, and Distribution Channel |
| Regional scope | North America; Europe; Asia Pacific; Latin America; MEA |
| Country scope | US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Companies Covered | Alcon Inc, Bausch Health Companies Inc, Carl Zeiss AG, Cooper Companies Inc, Essilorluxottica SA, Johnson And Johnson Services Inc., Hoya Corporation, Rodenstock Gmbh, Menicon Co. Ltd, Rayner Intraocular Lenses Limited |
| Key Research Capabilities | Global Market Assessment, Business Development Strategies, Competitive Landscape, Opportunity Analysis, Regional and Country Level Market Analysis, Market Entry Strategies, Market Dynamics, Risk and Return Assessments, Pricing Analysis, Market Size and Forecasting, Company Profiling, Value Chain Analysis, Expansion Strategies, SWOT Analysis, New Product Development |
Browse key market insights spread across 162 pages with 57 list of tables & 69 list of figures from the report, “Vision Care Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Eye Glasses, Contact Lens, Intraocular Lens, and Others) and Distribution Channel (Retail Stores, E-Commerce, Clinics, and Hospitals)” in detail along with the table of contents: https://www.theinsightpartners.com/reports/vision-care-market
Development of Innovative Products Drives Growth of Global Vision Care Market:
Several players operating in the vision care market are developing and launching new products. The strategic expansion of geographic presence and manufacturing capacities, along with the launch of new products, helps companies cater to a broad customer base. A few of the recent developments contributing to the growth of the vision care market are mentioned below.
In May 2019, Menicon Co., Ltd., a leading contact lens developer, launched Menicon Bloom Myopia Control Management System. The company has received US FDA PMA approval for its Menicon Z Night (tisilfocon A) contact lenses for overnight wear. The Menicon Bloom Night therapy of the company includes the overnight wear of a specifically designed reverse geometry orthokeratology contact lens, which is manufactured in hyper-oxygen-permeable Menicon Z rigid material that guarantees ideal corneal oxygenation for comfortable contact lens wear.
In August 2019, Alcon, a global leader in eye health, launched PRECISION1 as the latest addition to its contact lens portfolio. PRECISION1 are the daily disposable, silicone hydrogel (SiHy) contact lenses. These first and only contact lenses made with Alcon’s proprietary SMARTSURFACE technology deliver lasting visual performance from morning to night.
In May 2019, Johnson & Johnson Vision launched Acuvue Oasys contact lenses in the UK. These photochromic contact lenses, backed by the transitions light intelligent technology, would provide eye protection and help in managing stress associated with light conditions.
In January 2022, Titan Eye+ introduced Titan EyeX, a new smart eyewear designed for comfort for everyday use. This product is loaded with features such as class audio, touch control, fitness tracker, voice-enabled eye care notifications, sweat resistance, and Android and iOS compatibility.
In June 2022, Noise launched its first pair of smart eyewear—Noise i1. The newly launched product is paired with smartphones using Bluetooth 5.1. It has touch controls integrated into one of the stalks of the frames, which can be used to play or pause music, accept or reject phone calls, and activate a voice assistant on the user’s phone.
Go through further research published by The Insight Partners: (Purchase with 10% Instant Discount):
Eye Health Supplements Market Forecast to 2027 - COVID-19 Impact and Global Analysis
Intraocular Lens Market Forecast to 2028 - COVID-19 Impact and Global Analysis
Contact Lens Solution Market Forecast to 2028 - COVID-19 Impact and Global Analysis
Saline Solution Market Forecast to 2028 - COVID-19 Impact and Global Analysis
Ophthalmology Diagnostics and Surgical Devices Market Forecast to 2028 - Covid-19 Impact and Global Analysis
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/vision-care-market