It is necessary to take care of the eyes as they are one of the sensory organs and provides vision and also are sensitive to trauma, inflammation, and infection which can further result in vision-related problems. Good vision plays a vital role in an individual's day-to-day life in performing various activities and abilities of a person's development, learning, and communication. Worldwide, approximately 285 million people are suffering from vision impairment as a result of which there is a significant rise in the vision care market globally.
Personal Computers, Laptops, Smartphones and Tablets as Major Factors Driving the Growth of the Market
such as personal computers, laptops, smartphones and tablet sas major factors driving the growth of the market. Some of the other key factors which are fueling the growth of the market are growing brand awareness, changing lifestyles and increasing awareness among the population about the importance of a healthy vision. For better comfort and vision, contact lenses are being largely preferred as a better alternative to eyeglasses. This, in turn, is increasing the demand for better vision care across the world.
Moreover, growing pollution levels which hamper the life span of eye care products, attractive buying options in which the consumer can select eye care products online as well as offline, value-added offers such as free eye check-ups, discounts on products, and multiple choices are driving the growth of vision care market globally.However, a rising number of counterfeit products that are easily accessible in the market is one of the primary causes which slow down the growth of the market.
Also, the high cost associated with surgical procedures and the lack of trained professionals hampers the growth of the market.dopting new technologies and investing investments for R&D activities to provide the best-in-class product to end-users is estimated to increase the overall market in the forecast period.
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North America Leading the Region and Expected to Stay On Top in the Forecast Period
North America, Asia Pacific, Europe, and the Rest of the World. North America leading the region and expected to stay on top in the forecast period. Increased percentage of digitalization generating large population with vision disorders leads to demand for high-quality eye care products.The Asia-pacific region is the second fastest growing region inthe global vision care market. Rising gigantic population, changing lifestyle and large population density providing a healthy environment for the growth of the market.
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: Competitive Analysis
The vision care market is very competitive; some of the major players in the market are Valeant Pharmaceuticals International Inc., Novartis AG, The Cooper Companies Inc., SynergEyes Inc., Luxottica Group S.p.A., Essilor International, Johnson & Johnson, Carl Zeiss Vision, Seiko, and others.
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- Comprehensive analysis of global as well as regional markets of the vision care.
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