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Report Overview

The global vision care market reached USD 64.99 Billion in 2024, driven by the rising cases of eye disorders across the world. The market is projected to grow at a CAGR of 3.00% during the forecast period 2025-2034 to attain a value of USD 87.34 Billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Compound Annual Growth Rate

Value in USD Billion

3%

2025-2034


Vision Care Market Outlook

*this image is indicative*

The global vision care market is driven by the rising cases of eye disorders across the world. North America is the leading regional market for vision care, globally. This can be attributed to the increasing demand for disposable contact lenses, along with the growing incidences of cataracts, glaucoma, and diabetic retinopathy across the region due to the ever-increasing geriatric population, sedentary lifestyles, and increasing pollution levels. Vision care includes regular eye check-ups and tests such as visual acuity screening for measuring distance vision, a visual field test for peripheral vision, and tonometry for detecting glaucoma to help prevent eye diseases.

Market Segmentation

Vision care is referred to as the process of maintaining the overall functioning and quality of the eyes. Healthy eyesight is essential for proper brain functioning as optimal vision facilitates an individual in carrying out various activities.

Market Breakup by Product Type:

  • Eye Glasses
  • Contact Lens
  • Intraocular Lens
  • Others 

Market Breakup by Indications:

  • Refractive Error
  • Glaucoma
  • Diabetic Retinopathy
  • Amblyopia
  • Dry Eyes
  • Others

Market Breakup by Treatment Type:

  • Surgery
  • Laser Therapy
  • Medications
  • Others

Market Breakup by End User:

  • Eye Hospitals
  • Ophthalmology Clinics
  • Ambulatory Surgery Centres
  • Others

Market Breakup by Distribution Channel:

  • Online Stores
  • Retail Stores
  • Others

Market Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Vision Care Market by Product Type

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Market Analysis 

The global vision care market is driven by the significant increase in the usage of electronic devices like laptops, personal computers, smartphones, and tablets, among other devices, which is resulting in the prevalence of vision-related problems, which is aiding the industry growth. The rising shift towards contact lenses since their emergence as a better alternative to eyeglasses due to enhanced comfort and vision has augmented the demand for better vision care across the globe. Various factors that are positively impacting the industry growth of vision care include changing lifestyles, growing brand awareness, rising pollution, and increasing consciousness among consumers about the importance of a healthy vision. However, there is an increasing availability of counterfeit products in the market, which can lead to further damage to the vision. The use of such products is impeding the growth of the industry.

Competitive Landscape 

The report gives a detailed analysis of the following key players in the global vision care market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • CooperVision
  • Johnson & Johnson Vision Care, Inc.
  • Novartis AG
  • Bausch & Lomb Incorporated
  • Menicon Co., Ltd.
  • Carl Zeiss AG
  • EssilorLuxottica
  • Zydus Cadila
  • Rayner Intraocular Lenses Limited
  • GrandVision
  • Blanchard Lab
  • CHEMIGLAS CORP
  • Fielmann AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The vision care market attained a value of USD 64.99 Billion in 2024.

The market is anticipated to grow at a CAGR of 3.00% during the forecast period of 2025-2034 to reach a value of USD 87.34 Billion by 2034.

The major drivers of the industry such as rising disposable incomes, rising case of eye disorders, growing usage of smartphones, laptops, and computers, changing lifestyles, growing health consciousness, and an increasing shift toward contact lenses are expected to aid the market growth.

The growing brand awareness and products with enhanced features which are targeted at consumers who spend longer times in front of computers and laptops are the major trends driving the growth of the industry.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest market share.

Glass lenses are the dominant product types in the industry.

The distribution channel in the industry are retail stores.

The key players in the industry are CooperVision, Johnson & Johnson Vision Care, Inc., Novartis AG, Bausch & Lomb Incorporated, Menicon Co., Ltd., Carl Zeiss AG, EssilorLuxottica, Zydus Cadila, Rayner Intraocular Lenses Limited, GrandVision, Blanchard Lab, CHEMIGLAS CORP, and Fielmann AG, among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Indications
  • Treatment Type
  • End User
  • Distribution Channel
  • Region
Breakup by Product Type
  • Eye Glasses
  • Contact Lens
  • Intraocular Lens
  • Others 
Breakup by Indications
  • Refractive Error
  • Glaucoma
  • Diabetic Retinopathy
  • Amblyopia
  • Dry Eyes
  • Others
Breakup by Treatment Type
  • Surgery
  • Laser Therapy
  • Medications
  • Others
Breakup by End User
  • Eye Hospitals
  • Ophthalmology Clinics
  • Ambulatory Surgery Centres
  • Others
Breakup by Distribution Channel
  • Online Stores
  • Retail Stores
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • CooperVision
  • Johnson & Johnson Vision Care, Inc.
  • Novartis AG
  • Bausch & Lomb Incorporated
  • Menicon Co., Ltd.
  • Carl Zeiss AG
  • EssilorLuxottica
  • Zydus Cadila
  • Rayner Intraocular Lenses Limited
  • GrandVision
  • Blanchard Lab
  • CHEMIGLAS CORP
  • Fielmann AG
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