Vision Care Market to Make Great Impact in Near Future by 2025

Market Scope
Trends in eye care industry are huge prevalence of eye disorders and focus on combination therapies. The large geriatric population and other demographics requiring eye care due to constant focus on computers and other electronic devices can drive the demand in the market. The use of social media platforms by businesses to reach customers simultaneously as well as cater to their changing needs can bode well for the market.

But unawareness of vision disorders and complications resulting from contact lenses can restrict the market growth.
The global vision care market size can cross USD 70,818.48 million by 2025. It is expected to achieve this benchmark at a CAGR of 4.48% over the forecast period.

Segmentation
The global vision care market is segmented by product type, indication, treatment, and end-user.
The global vision care market based on product type is broadly segmented into a contact lens, eyeglasses, intraocular lens (IOL), contact lens solutions, and others.

Contact lenses are used as an aid to improve the physical make-up of a person and an alternative to glasses. Contact lenses are sub-segmented into the corrective lens, therapeutic lens, cosmetic, and lifestyle-oriented lens. These type of contact lenses are available as per the customization of color and design patterns along with the power of the lenses
Eyeglasses held the largest share in the global vision care market. This segment is further segmented into sunglasses, bifocal, single vision, and progressive.

By indication, it is segmented into glaucoma, diabetic retinopathy, refractive error, amblyopia, dry eyes, and others.
Refractive error held the largest share of the global vision care market in 2018. It is a condition of the eye wherein it cannot focus the images from the objects.

Diabetic retinopathy, on the other hand, is the fastest-growing segment owing to the rising prevalence of diabetes. For instance, in India the prevalence of diabetes is rising at faster rate and is expected to reach an alarming mark of about 69.9 million by the year 2025.

Competition Outlook
Menicon, Cadila Healthcare, NOVARTIS AG, Johnson & Johnson Services, Inc., The Cooper Companies, Inc, Bausch Health, Rayner Surgical Group Limited, ESSILORLUXOTTICA, and Carl-Zeiss-Stiftung are noteworthy players of the global vision care market. Collaborations between partners is expected to be a major strategy incorporated by players in the market. Recently, Garrett Leight California Optical (GLCO) has decided to collaborate with Rimowa, a luggage maker, for a limited edition collection of sunglasses.

Read More:https://www.marketresearchfuture.com/reports/vision-care-market-8450