Eye Care Market to Grow with a CAGR of 6.07% through 2030F
Increasing aging population with an increased risk of
age-related eye conditions and technological advancements in vision correction
and diagnostic devices is expected to drive the Global Eye Care Market growth
in the forecast period, 2026-2030
According to TechSci
Research report, “Eye Care Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030”, the Global
Eye Care Market stood at USD 67.71 billion in 2024 and is anticipated to grow
with a CAGR of 6.07% in the forecast period, 20264-2030. The key driver of
market growth is the rising prevalence of sedentary lifestyles, expanding
geriatric population, escalating pollution levels, and the growing number of
individuals working on desktop computers.
The global eye care
market has been experiencing steady growth in recent years, fueled by factors
such as an aging population, the growing prevalence of eye diseases like
cataracts and glaucoma, and an increasing demand for corrective eyewear.
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The primary driver of market growth is the increasingly sedentary lifestyles,
growing geriatric population, rising pollution levels, and the increase in the
number of people working on desktops. Visual acuity plays a crucial role in
everyday activities such as reading, writing, and seeing. It also affects an
individual's ability to work and communicate effectively. However, there has
been a significant rise in the number of people with visual impairments like
cataracts, glaucoma, conjunctivitis, and retinal detachment. These conditions
can be attributed to sedentary lifestyles, the aging population, and escalating
pollution levels. Consequently, the global market for various eye remedies in
the form of pills, ointments, and drops is witnessing substantial growth.
The eye care market has
been consistently growing due to the increasing geriatric population worldwide.
The growing prevalence of age-related muscular degeneration, cataracts, and
glaucoma among the elderly is contributing to the expansion of the eye care
market. The cataracts are one of the most common eye disorders, particularly
among older individuals who are more susceptible to eye diseases.
Non-deferrable surgeries are required to prevent blindness in individuals
around the age of 80 with cataracts.
Unhealthy dietary habits
and the rising incidence of chronic diseases can lead to visual impairment and
partial or total vision loss. Consequently, there is a rising demand for eye
care products worldwide. Many international organizations are focusing on
research and development projects to introduce more efficient products. We also
offer multiple product variations with improved quality and service to expand
our customer base. The thriving e-commerce sector and increased awareness of
UV-related visual impairment are driving market growth. Key players in the
industry are dedicated to leveraging advanced technology to prevent visual
impairment. New therapies such as gene therapy, computer-assisted
ophthalmology, and stem cell therapy are contributing to the growth of the Eye
care Market.
The surging volume of
patients suffering from chronic diseases leading to vision ailments, the
increasing prevalence of the geriatric population, rising demand for eye care
products, improper nutrition intake and unhealthy eating habits, growth of the
e-commerce sector, along with the availability of several products with
improved quality and services, are some of the major factors that are expected
to accelerate the growth of the eye care market. On the other hand,
technological advancements in eye care devices, increased number of therapy
approvals, and the rise in diabetes cases among various population groups are
generating immense opportunities for the growth of the eye care market. However,
issues related to contact lenses, lack of awareness among people regarding the
benefits of eye care products and services in developing economies, and the
high cost of treatment pose challenges to the growth of the market.
The Global Eye Care
Market is segmented into product type, eye drops, coating, lens material,
distribution channel, regional distribution, and company.
Based on eye drops, Prescription
products dominate over Over-the-Counter (OTC) products due to the growing
prevalence of vision-related disorders and the increasing need for personalized
corrective solutions. Prescription eye care products, including eyeglasses,
contact lenses, and medicated eye drops, are tailored to address specific
conditions such as myopia, hyperopia, astigmatism, glaucoma, and dry eye
disease. With the rise in screen time, aging populations, and growing awareness
of eye health, more people are seeking professional diagnoses and tailored
treatments, boosting the demand for prescription-based solutions. Advances in
diagnostic technologies and ophthalmic care services have made it easier for
patients to access vision assessments and customized corrective measures.
Among lens coatings,
Anti-Glare (Anti-Reflective) coating holds a dominant position. This coating
significantly enhances visual comfort by reducing reflections from screens,
headlights, and harsh lighting, which is particularly beneficial in today’s
digital age where screen exposure is high. Anti-glare coatings improve both
aesthetic appeal and visual clarity, which are important for both prescription
eyewear users and professionals who rely on screen time for extended periods.
Based on region, Asia-Pacific
is the fastest-growing region in the global eye care market due to several key
factors. The region has a large and rapidly aging population, leading to a
higher prevalence of vision-related conditions such as cataracts, glaucoma, and
presbyopia. Rising awareness about eye health, coupled with increasing access
to eye care services in emerging economies like India, China, and Southeast
Asian countries, is driving demand. The growing middle class and expanding
healthcare infrastructure are enabling more people to afford prescription
eyewear, surgeries, and advanced treatments. Government initiatives and
investments in public health programs aimed at preventing blindness and
improving vision care have further supported market growth. The region’s high
digital device usage is contributing to a surge in cases of digital eye strain
and myopia among younger populations, accelerating the need for eye care
products. These combined factors are fueling strong growth and innovation in
the Asia-Pacific eye care market.
Major companies
operating in Global Eye Care Market are:
·
Bausch Health Companies
Inc.
·
The Cooper Companies
Inc.
·
Novartis AG
·
Johnson & Johnson
·
Carl Zeiss Meditec AG
·
Alcon, Inc.
·
Safilo Group S.p.A.
·
GrandVision N.V.
·
Menicon Co., Ltd.
·
Topcon Corporation
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“The global eye care
market is experiencing steady growth, driven by the rising prevalence of vision
disorders such as myopia, cataracts, glaucoma, and age-related macular
degeneration. An aging global population, coupled with increased screen time
and lifestyle changes, has significantly raised the demand for eye care
products and services. Advancements in diagnostic technologies, surgical
procedures, and innovative treatments are enhancing patient outcomes and
expanding market opportunities. The growing awareness about eye health and
increased accessibility to care in emerging economies are further contributing
to market expansion. The trend toward early detection and personalized
treatment continues to shape the future of eye care” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Eye Care
Market Segmented By Product Type (Eyeglasses, Eye Drops, Contact Lens,
Intraocular Lens, Eye Vitamins, Others), By Eye Drops (Prescription and Over
The Counter), By Coating (Anti-Glare, UV Coating, Others), By Lens Material
(Polycarbonate, Normal Glass, Trivex, Others), By Distribution Channel (Retail
Stores, E-commerce, Clinics, Hospitals), By
Region and Competition, Forecast
& Opportunities, 2020-2030F”, has evaluated the
future growth potential of Global Eye Care Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers take
sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in Global Eye Care Market.
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