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Global Eye Care Market Size, Share & Forecast 2026 | TechSci Research
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Transcript of Global Eye Care Market Size, Share & Forecast 2026 | TechSci Research
MARKET INTELLIGENCE . CONSULTINGwww.techsciresearch.com
2016 – 2026
GLOBAL EYE CARE MARKET
FORECAST & OPPORTUNITIES
2
Scope of ReportProduct of Interest (POI): Eye Care
Review Period
2016 – 2019
Base Year
2020
Estimated Year
2021
Forecast Period
2022 – 2026
Year Range
REGION
• Asia-Pacific
• Europe
• North America
• South America
• Middle East & Africa
(MEA)
Eye Care refers to the care and treatment of eyes, eyesight conditions and vision. Global eye care market isexpected to witness healthy growth rate through 2026 due to growing prevalence of vision related disordersincluding myopia and hypermetropia in the region. Technological advancement in the field of ophthalmology,coupled with world-class healthcare infrastructure are key factors supporting the growth of global eye caremarket.
Market Segmentation
COATING
• Anti-Glare
• UV coating
• Others
• Normal Glass
• Polycarbonate
• Trivex
• Others
LENS MATERIAL
DISTRIBUTION CHANNEL
• Retail Stores
• E-commerce
• Clinics
• Hospitals
PRODUCT TYPE
• Eyeglasses
• Contact Lens
• Intraocular Lens
• Eye Drops
• Others
3
Table of Contents
S. No. Contents Page No.
1. Product Overview (Definition of product and major terminologies used in the report)
2.Research Methodology (Detailed description of the methodology used to conduct the research, Rawdata backup, list of all secondary sources, List of respondents for primary surveys)
3. Impact of COVID-19 on Global Eye Care Market
4. Executive Summary
5. Voice of Customers
6. Global Eye Care Market Outlook, 2016-2026F
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Others)
6.2.2. By Coating (Anti-Glare, UV, Others)
6.2.3. By Lens Material (Normal Glass, Polycarbonate, Trivex, Others)
6.2.4. By Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals)
6.2.4. By Company (2020)
6.2.5. By Region
6.3. Product Market Map (By Product Type)
6.4. Product Market Map (By Coating)
6.5. Product Market Map (By Distribution Channel)
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S. No. Contents Page No.
7. Asia-Pacific Eye Care Market Outlook, 2016-2026F
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Coating
7.2.3. By Lens Material
7.2.4. By Distribution Channel
7.2.5. By Country
7.3. Asia-Pacific: Country Analysis
7.3.1. China Eye Care Market Outlook, 2016-2026F
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product Type
7.3.1.2.2. By Coating
7.3.1.2.3. By Lens Material
7.3.1.2.4. By Distribution Channel
7.3.2. India Eye Care Market Outlook, 2016-2026F, 2016-2026F
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S. No. Contents Page No.
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product Type
7.3.2.2.2. By Coating
7.3.2.2.3. By Lens Material
7.3.2.2.4. By Distribution Channel
7.3.3. Japan Eye Care Market Outlook, 2016-2026F
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product Type
7.3.3.2.2. By Coating
7.3.3.2.3. By Lens Material
7.3.3.2.4. By Distribution Channel
7.3.4. South Korea Eye Care Market Outlook, 2016-2026F
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Product Type
7.3.4.2.2. By Coating
7.3.4.2.3. By Lens Material
7.3.4.2.4. By Distribution Channel
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S. No. Contents Page No.
7.3.5. Australia Eye Care Market Outlook, 2016-2026F
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Product Type
7.3.5.2.2. By Coating
7.3.5.2.3. By Lens Material
7.3.5.2.4. By Distribution Channel
8. Europe Eye Care Market Outlook, 2016-2026F
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Coating
8.2.3. By Lens Material
8.2.4. By Distribution Channel
8.2.5. By Country
8.3. Europe: Country Analysis
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S. No. Contents Page No.
8.3.1. Germany Eye Care Market Outlook, 2016-2026F
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product Type
8.3.1.2.2. By Coating
8.3.1.2.3. By Lens Material
8.3.1.2.4. By Distribution Channel
8.3.2. France Eye Care Market Outlook, 2016-2026F
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product Type
8.3.2.2.2. By Coating
8.3.2.2.3. By Lens Material
8.3.2.2.4. By Distribution Channel
8.3.3. United Kingdom Eye Care Market Outlook, 2016-2026F
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product Type
8.3.3.2.2. By Coating
8.3.3.2.3. By Lens Material
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S. No. Contents Page No.
8.3.3.2.4. By Distribution Channel
8.3.4. Italy Eye Care Market Outlook, 2016-2026F
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Product Type
8.3.4.2.2. By Coating
8.3.4.2.3. By Lens Material
8.3.4.2.4. By Distribution Channel
8.3.5. Spain Eye Care Market Outlook, 2016-2026F
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Product Type
8.3.5.2.2. By Coating
8.3.5.2.3. By Lens Material
8.3.5.2.4. By Distribution Channel
9. North America Eye Care Market Outlook, 2016-2026F
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Coating
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Table of Contents
S. No. Contents Page No.
9.2.3. By Lens Material
9.2.4. By Distribution Channel
9.2.5. By Country
9.3. North America: Country Analysis
9.3.1. United States Eye Care Market Outlook, 2016-2026F
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product Type
9.3.1.2.2. By Coating
9.3.1.2.3. By Lens Material
9.3.1.2.4. By Distribution Channel
9.3.2. Canada Eye Care Market Outlook, 2016-2026F
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product Type
9.3.2.2.2. By Coating
9.3.2.2.3. By Lens Material
9.3.2.2.4. By Distribution Channel
9.3.3. Mexico Eye Care Market Outlook, 2016-2026F
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
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S. No. Contents Page No.
9.3.3.2.1. By Product Type
9.3.3.2.2. By Coating
9.3.3.2.3. By Lens Material
9.3.3.2.4. By Distribution Channel
10. South America Eye Care Market Outlook, 2016-2026F
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product Type
10.2.2. By Coating
10.2.3. By Lens Material
10.2.4. By Distribution Channel
10.2.5. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Eye Care Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1 By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Product Type
10.3.1.2.2. By Coating
10.3.1.2.3. By Lens Material
10.3.1.2.4. By Distribution Channel
11
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S. No. Contents Page No.
10.3.2. Argentina Eye Care Market Outlook, 2016-2026F
10.3.2.1. Market Size & Forecast
10.3.2.1.1 By Value & Volume
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Product Type
10.3.2.2.2. By Coating
10.3.2.2.3. By Lens Material
10.3.2.2.4. By Distribution Channel
10.3.3. Colombia Eye Care Market Outlook, 2016-2026F
10.3.3.1. Market Size & Forecast
10.3.3.1.1 By Value & Volume
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Product Type
10.3.3.2.2. By Coating
10.3.2.2.3. By Lens Material
10.3.3.2.4. By Distribution Channel
11. Middle East and Africa Eye Care Market Outlook, 2016-2026F
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Product Type
11.2.2. By Coating
11.2.3. By Lens Material
11.2.4. By Distribution Channel
11.2.5. By Country
12
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S. No. Contents Page No.
11.3. Middle East & Africa : Country Analysis
11.3.1. South Africa Eye Care Market Outlook, 2016-2026F
11.3.1.1. Market Size & Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share & Forecast
11.3.1.2.1. By Product Type
11.3.1.2.2. By Coating
11.3.1.2.3. By Lens Material
11.3.1.2.4. By Distribution Channel
11.3.2. Saudi Arabia Eye Care Market Outlook, 2016-2026F
11.3.2.1. Market Size & Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share & Forecast
11.3.2.2.1. By Product Type
11.3.2.2.2. By Coating
11.3.2.2.3. By Lens Material
11.3.2.2.4. By Distribution Channel
11.3.3. UAE Eye Care Market Outlook, 2016-2026F
11.3.3.1. Market Size & Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share & Forecast
11.3.3.2.1. By Product Type
11.3.3.2.2. By Coating
11.3.3.2.3. By Lens Material
11.3.3.2.4. By Distribution Channel
13
Table of Contents
S. No. Contents Page No.
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
14. Competitive Landscape
14.1. Competition Outlook
14.2. Company Profiles (SWOT Analysis of Top 5 Players Profiled)
14.2.1. EssilorLuxottica SA
14.2.2. Johnson and Johnson
14.2.3. Alcon Inc
14.2.4. Hoya Corporation
14.2.5. Allergan Inc
14.2.6. CopperVision Inc
14.2.7. Bausch and Lomb Inc
14.2.8. Menicon Co Ltd
14.2.9. Carl Zeiss Meditec AG
14.2.10 Pfizer Inc.
14.2.11. Novartis AG
14.2.12. Merck & Co. Inc
14.2.13. F. Hoffmann-La Roche AG
14.2.14. Interojo Inc
14.2.15. Avizor SA
14
Table of Contents
S. No. Contents Page No.
15. Strategic Recommendations
16. About Us & Disclaimer
RESEARCH METHODOLOGY
16
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data Collection
Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in the global eye care market,
overall market size and segmental market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary and secondary research was
validated through rigorous
triangulation.
The data was scrutinized using MS-Excel, statistical
tools and internal proprietary database to obtain qualitative and
quantitative insights about the global eye care market.
Data
Collection
Data Filter
& AnalysisResearch &
Intelligence
Actionable
InsightsBusiness
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn✓ TechSci Internal
Database
✓ Factiva✓ Hoovers
Paid Sources
✓ Company Websites✓ Company Annual
Reports✓ White Paper Study✓ Financial Reports✓ Investor
Presentations✓ Regulatory Body✓ Associations, etc.
Secondary Research
Primary Research
17
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of the global eye are market. The team has analyzed the outlook
of various segments of this market, while considering the major influencing factors such as growing awareness towards eye health and increasing
prevalence of various eye disorders around the world. The study includes market forecasting, which would enable our clients to take better decisions
while planning their strategy to achieve sustainability in the global eye care market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as eye care companies, channel partners, market
influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 eye care companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain stakeholders
in the global eye care market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard
deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.
18
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by product type, by coating, by lens material, by
distribution channel, and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares
generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were
further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market shared by product type, by coating, by lens material, by distribution channel, and by region were calculated based on the responses
received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from
various segments of eye care market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion
leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Global eye care
market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
19
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used
the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that
the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD),
with the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
▪ EssilorLuxottica SA
▪ Johnson and Johnson
▪ Alcon Inc
▪ Hoya Corporation
▪ Allergan Inc
▪ CopperVision Inc
▪ Bausch and Lomb Inc
▪ Menicon Co Ltd
▪ Carl Zeiss Meditec AG
▪ Pfizer Inc.
▪ Novartis AG
▪ Merck & Co. Inc
▪ F. Hoffmann-La Roche AG
▪ Interojo Inc
▪ Avizor SA
▪ American Optometric Association (AOA)
▪ All India Ophthalmological Society (AIOS)
▪ European Association for Vision and Eye Research (EVER)
▪ International Council of Ophthalmology
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
20
Competitor Profile Pfizer Inc.
According to recently released TechSci Research report “Global Eye Care Market By Product Type (Eyeglasses, Contact Lens,
Intraocular Lens, Eye Drops, Others), By Coating (Anti-Glare, UV coating, Others), By Lens Material (Normal Glass, Polycarbonate,
Trivex, Others), By Distribution channel (Retail stores, E-commerce, Clinics, Hospitals), By Region, Forecast & Opportunities,
2026F”, Global Eye Care Market is forecast to grow at CAGR of 6.31% in value terms to reach USD75.61 billion by 2026F.
Increasing demand for eyeglasses and lenses has been generated from the country’s rising children and geriatric population.
Growing awareness towards eye health and increasing prevalence of various eye disorders, furthermore, increasing usage of
electronic devices such as smartphones have led to various eye related disorders, which is propelling the Global Eye Care Market.
Advent of innovative technologies in the eye care industry has enabled manufacturers to launch new products, which is expected to
drive market growth in the coming years. Moreover, initiatives taken by governments and various health organizations to spread
awareness about eye care are providing major boost for the market growth. The growing geriatric population base is also acting as a
key factor for the growth of the eye care market as they are highly prone to one or more vision related disorders and diseases.
The value share of contact lenses is anticipated to reach up to 21.23% by 2026F, owing to the continuous launch of innovative
products and rising disposable incomes. Major companies operating in the Global Eye Care Market include Alcon Inc, Allergan Inc,
Essilor Luxottica SA, Johnson and Johnson, Hoya Corporation, Bausch and Lomb Inc, F. Hoffmann-La Roche AG, Carl Zeiss Meditec
AG, CopperVision Inc, Menicon Co Ltd., Pfizer Inc., Novartis AG, Merc & Co. Inc, Interojo Inc, and Avizor SA, among others. The
market players are working on strategic collaborations to increase their global reach. They are also investing in R&D activities to
launch new and innovative eye care products into the market.
In terms of distribution channel, e-commerce segment is expected to dominate the market during the forecast period as they offer a
variety of eye care products to choose from and some of them also offer products at a discounted price. Some of these e-commerce
sites are also introducing online testing, where one can check the status of their eyes and take professional advice.
North America is a key market for eye care products owing to the early technological advancements in the eye care industry.
Additionally, increasing expenditure by governments in countries such as United States and Canada on healthcare is acting as a
major booster for market growth in the region. However, the rising prevalence of various eye disorders in Asia-Pacific is expected to
make the region a lucrative market for the eye care industry over the coming years,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
21
Competitor Profile Pfizer Inc.
Global Eye Care Market Size, By Value (USD Million), 2016-2026F
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
2016 2020 2021E 2026F
By Value (USD Million)CAGR BY VALUE: XX% CAGR BY VALUE: XX%
North America Eye Care Market Share, By Product Type, By Value, 2016–2026F
20%20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
20%20%
20%
20%
20%
20%
20%
20%
20%
20%
20%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Eyeglasses Contact Lens Intraocular Lens Eye Drops Others
United States Eye Care Market Share, By Coating, By Value, 2016–2026F
50%50%50%50%50%50%50%50%50%50%50%
30%30%30%30%30%30%30%30%30%30%30%
20%20%20%20%20%20%20%20%20%20%20%
2016
2017
2018
2019
2020
2021E
2022F
2023F
2024F
2025F
2026F
Anti-Glare UV coating Others
22
Competitor Profile Pfizer Inc.
Report Name: GLOBAL EYE CARE MARKET
FORECAST & OPPORTUNITIES
2016 – 2026
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About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas
to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and
global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the
market.
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• Asia Pacific Eye Care Market By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Others), By Coating (Anti-Glare, Anti reflecting,
Others), By Lens Material (Normal Glass, Polycarbonate, Trivex, Others), By End User (Hospitals, Specialty Clinics, Others), By Country, Forecast &
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or
complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.
However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results
obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together
with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal
consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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