Marketing - Global Vision Care Market Research Report Forecast 2025

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Published on November 21, 2020
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Summary:

The Global Market For Vision Care was valued at REDACTED in 2019. The market is expected to grow at a compound annual growth rate (CAGR) of REDACTED to reach REDACTED by 2025. Market growth is attributed to factors such as the growing prevalence of blindness and vision impairment, a rise in the world’s geriatric population, and growing collaborations between vision care companies and technology companies for the advent of technologically advanced products to address current unmet needs.

According to the IAPB, nearly 1.1 billion people are considered to be affected by some form of vision loss: 43 million people are categorized as blind, about 553 million people are estimated to suffer from some form of moderate to severe visual impairment (MVSI), about 258 million people experience mild vision impairment and about 510 million suffer from near vision impairment. In addition, at least 1 billion more people need ongoing access to eye care services. High prevalence and the increasing burden of vision impairment is likely to drive the vision care market during the forecast period.

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Reasons for Doing This Study:

Visual impairment is a global health concern that has a negative impact on both physical and mental wellbeing. Preventive blindness, a common vision disorder, represents a major challenge to the global healthcare system. Visual impairment is associated with loss of global productivity and high disability adjusted life years (DALYs) and is responsible for significant healthcare spending. According to the International Agency for the Prevention of Blindness (IAPB), in 2020, nearly 1.1 billion people were considered to be affected by some form of vision loss; 43 million people are categorized as blind, about 553 million people are estimated to suffer from some form of Moderate and Severe Vision Impairment MSVI , about 258 million people experience mild vision impairment and about 510 million suffer from near vision impairment. In addition, at least 1 billion more people need ongoing access to eye care services.

Eyeglasses are further segmented into single vision, bifocal and progressive. Contact lenses are further segmented into spherical lenses, toric lenses, multifocal contact lenses and others. For market estimates, data will be provided for 2019 as the base year, with estimates for 2020 and forecast values for 2025.

Browse our full report with Table of content:
https://www.bharatbook.com/marketreports/vision-care-global-markets/2233145

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