Latest News- Vision Care Market: Prescription (Rx) is expected to lead the Type segment during 2025-2029

The Vision Care Market is being driven by Increasing prevalence of vision disorders and eye diseases

The Vision Care Market is expected to grow at a CAGR of 4.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 17484.1 million. The global vision care market has witnessed substantial growth, driven by advancements in technology, particularly in the field of vision correction surgeries. One such innovation is LASIK (Latest Advanced Short Intensive Laser Keratomileusis) surgery, a popular procedure for correcting refractive errors like myopia, hyperopia, and astigmatism. This non-invasive technique employs a laser to reshape the cornea, enhancing its capacity to focus light accurately onto the retina. By offering a safer and more efficient alternative to traditional methods such as glasses or contact lenses, LASIK has revolutionized the vision correction industry. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Prescription (Rx)
  • Non-prescription (Non-Rx)
• Product
  • Glass lens
  • Contact lens
  • Intraocular lenses
  • Contact lens solution
  • Others
• Distribution Channel
  • Offline
  • Online
• Price
  • Mass
  • Premium
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing prevalence of vision disorders and eye diseases
• Rise in diabetic population
• Initiatives to create awareness regarding vision care

However, the market also witnesses some limitations, which are as follows:

• Limitations in vision care products
• Presence of stringent regulations
• Lack of skilled ophthalmologists

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Market Scope in Vision Care Market Research Report

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Research Analysis Overview

In the dynamic Vision Care Market, innovations abound, from myopia control solutions and multifocal contact lenses to smart lenses and ocular prosthetics. Advanced technologies include biometric measurements, eye tracking, wearable tech, and diagnostic tools like corneal topography, optical coherence tomography, fundus imaging, and fluorescence angiography. Ophthalmic lasers and surgical instruments enhance treatment options, while clinical data management, electronic health records, and patient portals streamline care. Patient education, lifestyle modifications, and a wide range of eye care products from contact lens solutions and eyeglass cleaning solutions to eye drops, vitamins, and accessories complete the landscape. Eye care design, fashion trends, and continuous technological advancements further enrich the market.

Market Research Overview

The Vision Care Market, a significant segment of the larger Global Healthcare Supplies Market, encompasses businesses specializing in research and development of eye care solutions, including vision correction technologies such as contact lenses and refractive surgery. The Global Healthcare Supplies Market size is determined by Technavio, based on the consolidated revenue generated by manufacturers of medical supplies, including contact lenses, surgical instruments, and protective garments. Market expansion will be fueled by demographic trends, specifically the increasing global population aging, with nearly one-quarter of the US population and similar proportions in Europe projected to surpass 60 years by 2050 and 2030, respectively.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/