Monday 21 August 2017

North America Vision Care Market is expected to reach US$ 39.7 Bn during 2016-2026 : Industry Analysis and Opportunity Assessment

ResearchMoz added Latest Research Report titled " Vision Care Market: North America Industry Analysis and Opportunity Assessment, 2016-2026 " to it's Large Report database.

Vision care is defined as the prevention or minimisation of threats to the eye or visual integrity. Vision care deals with both vision and eye related problems, and corrects refractive errors by prescription eyeglasses and contact lenses. With growing technology and population addicted to the digital world, vision care products are expected to grow in quality and quantity in the coming years. High investments from leading players of the market and constant research for improving the manufacture and supply process of eyeglasses, lenses, and other eye wear is clearly encouraging the sales in the market. In terms of revenue, the North America vision care market is projected to register a CAGR of 9.8% during the forecast period and is expected to be valued at US$ 100.72 Bn by the end of 2026.

An ageing population and increasing rate of chronic disorders in developed countries is expected to drive growth of the North America vision care market

Growth of the North America vision care market is primarily driven by increasing incidence of chronic diseases and a rise in the ageing population prone to eye disorders such as cataract, glaucoma, etc. The spread of hyperopia disorder is increasing at a significant rate in the elderly population.

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Around 50% of people aged above 65 years in the U.S. are suffering from hyperopic conditions. In addition, favourable reimbursement policies and increasing government support is expected to fuel market growth over the forecast period.

Increasing market share for vision care products from the mass retailers and e-commerce around the globe is owing to two major market drivers namely a rise in the number of eye infections and ever changing fashion statements leading to adoption of prescribed lenses, sunglasses, frames, advanced soft contact lenses, and digital lenses.

However, rise in the costs of eye surgery and treatment and a risk of infection and vision loss may hinder the market growth over the forecast period. Increasing disorder issues, complications during surgery, and diseases such as corneal ulcer are other factors expected to contribute reduced uptake of contact lenses (estimates of annual incidence in U.S range from 30,000 to 75,000). Corrective refractive surgery procedures (i.e. LASIK) is removing 500,000 patients annually from the 160 million vision correction population in the U.S. These factors are likely to restrict the growth of the North America vision care market over the forecast period.

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Table Of Content

1. Executive Summary

2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
2.3. Parent / Associated Market Overview

3. Vision Care Market Analysis Scenario
3.1. Pricing Analysis
3.1.1. Pricing Assumptions
3.1.2. Price Projections
3.2. Market Volume Size (US$ Mn) and Forecast
3.2.1. Market Volume Size and Y-o-Y Growth
3.2.2. Absolute $ Opportunity
3.3. Vision Care Market Overview
3.3.1. Value Chain
3.3.2. List of Active Participants
3.3.2.1. Component Suppliers
3.3.2.2. Manufacturers
3.3.2.3. Distributors / Retailers

4. Vision Care Market Dynamics
4.1. Macro-economic Factors
4.2. Drivers
4.2.1. Supply Side
4.2.2. Demand Side
4.3. Restraints
4.4. Opportunity
4.5. Forecast Factors Relevance and Impact

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