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 due to technological advancements, particularly in the field of vision correction surgeries. One such innovation is Laser-Assisted In-Situ Keratomileusis (LASIK) surgery, which has revolutionized the industry. This procedure, used to correct refractive errors like myopia, hyperopia, and astigmatism, employs a laser to reshape the cornea, enhancing the eye's ability to focus light accurately on the retina. LASIK offers numerous benefits over traditional methods, such as glasses and contact lenses, including increased safety and efficiency. This game-changing technology has significantly expanded the range of options for individuals seeking to correct their vision impairments. 

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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

The vision care market is witnessing significant advancements with the integration of vision care technology and ophthalmic devices. Digital vision screening and personalized vision care are becoming increasingly popular, driving innovation in eye care management. Ocular imaging and eye disease prevention are key areas of focus, with an emphasis on improving visual acuity and addressing refractive errors, including myopia control. Eye health screening, eye strain relief, and digital eye health are also gaining importance. The optical industry is responding with vision care services and products, as well as eye care awareness and education initiatives. Ophthalmology research and eye care accessibility are also contributing to eye care affordability and trends.

Market Research Overview

The Vision Care Market, a significant segment of the broader Global Healthcare Supplies Market, encompasses entities specializing in research and development of various diagnostic and therapeutic solutions. This sector includes providers of eye exams, prescription lenses, contact lenses, refractive surgery, cataract surgery, and glaucoma treatment. Market expansion is anticipated to be fueled by demographic trends, such as the aging population. By 2050, approximately one-quarter of the US and European populations are projected to surpass the age of 60, necessitating increased demand for vision care services and products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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Website: www.technavio.com/