(MENAFN- America News Hour) Global Vision care products Market report delivers detailed overview of the global vision care products market in terms of market segmentation by product, by modality, by end-user and by regions. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.
The global Vision care products Market is segmented by product into Eye Glasses, Contact Lens and Others; by modality into Spherical, Toric, Multi-focal; by end-user into Retail Stores, Online Stores, Clinics, Hospitals and by regions. Vision care products market is anticipated to mask a significant CAGR during the forecast period i.e. 2018-2027 .
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Vision care products may comprise of eye glasses, contact lenses, eye drops, intraocular lenses and more. The eye glasses range specially share its market with functional fashion accessories, for instance decorative glasses and UV protective glasses.
The vision care market is however largely driven by the number of patients suffering from visual irregularities, such as cataract, diabetic retinopathy, myopia, hyperopia, astigmatism and presbyopia of which myopia is the most prevalent kind of visual impairment followed by hyperopia.
North-America is estimated to contribute the highest to the vision care market in terms of revenue owing to being equipped with advanced healthcare infrastructure. North-America will be followed by Europe in the vision care products market because of the presence of many developed countries in the region. Asia Pacific is expected to drive demand and positively impact vision care products market growth over the forecast period owing to increasing prevalence of eye disorders in the developing countries owing to changing lifestyles.
Major players include in the global Vision Care Products Market:
Essilor International Alcon, Inc. SEIKO OPTICAL PRODUCTS CO., LTD. Johnson & Johnson Vision Care Japan Finechem Company, Inc. Novartis The Cooper Companies Valeant Pharmaceuticals ZEISS group CIBA Vision Corporation
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Increasing Visual Disorders
The demand for vision care products is rising due to increased number of eye disorders such as cataract, diabetic retinopathy, age related macular degeneration, myopia, hyperopia, astigmatism and presbyopia.
Changing Lifestyles
Change in lifestyles with the increasing use of electronic devices such as smartphones, tablets, and laptops are directly influencing the market throughout the sphere.
However, availability of forged products in the market along with large number of local players offering the same products at lower prices in the vision care products market may act as a barrier for the growth of the global players in this market.
On the whole, the report depicts detailed overview of the global vision care products market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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