North America Eye Care Market to Grow with a CAGR of 6.50% through 2030
Rising Eye Health Awareness and increase in the aging
population is expected to drive the North America Eye Care Market growth in the
forecast period, 2025-2030
According
to TechSci Research report, “North America Eye Care Market – By Country, Competition, Forecast & Opportunities, 2030F”, the
North America Eye Care Market stood at USD 24.85 billion in 2024 and is
anticipated to grow with a CAGR of 6.50% in the forecast period, 2025-2030. The
awareness among individuals regarding Eye Care has led to favorable market
conditions for the North America Eye Care market.
Pharmaceutical companies have made significant strides in developing medications and therapies to treat various eye disorders, expanding the range of available treatment options: Anti-VEGF (Vascular Endothelial Growth Factor) injections have revolutionized the treatment of retinal diseases such as wet age-related macular degeneration and diabetic macular edema. These injections slow down or halt the abnormal growth of blood vessels in the retina, preserving vision and improving patients' quality of life. Ongoing research has led to the development of more effective glaucoma medications and minimally invasive surgical procedures. These advancements help manage intraocular pressure and slow the progression of glaucoma, a leading cause of irreversible vision loss. The North America Eye Care Market is thriving due to a confluence of factors, including technological breakthroughs, an aging population, the impact of digitalization, and continuous advancements in pharmaceutical solutions. These drivers collectively contribute to the growth and evolution of this vital healthcare sector, ensuring that individuals across North America receive the best possible eye care and vision-related treatments.
Unequal access to eye care services and healthcare disparities represents a significant hurdle in the growth of the North America Eye Care Market. Access to quality eye care services varies widely across North America, with rural and underserved communities often facing limited options for eye examinations and treatments. The high cost of eye care, including eye exams, vision correction surgeries, and specialized treatments, can be a barrier for individuals without adequate insurance coverage or financial resources. Health disparities related to ethnicity and socioeconomic status can result in unequal access to eye care, leading to delayed diagnosis and treatment of eye conditions. Impact: Healthcare inequality can hinder the market's growth by limiting the potential patient base and preventing timely intervention for eye-related issues. Addressing access disparities is crucial for ensuring equitable eye care for all.
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The
North America Eye Care Market is segmented into product type, coating, Lens
Material, distribution channel, regional distribution, and company.
Based
on its product type, the eyeglasses segment has emerged as the predominant
market leader due to the high prevalence of refractive errors in North America.
Refractive errors are the most common eye condition in the world, and they can
cause blurry vision at near, far, or all distances. Eyeglasses are a common and
effective treatment for refractive errors. The increasing popularity of
prescription sunglasses. Prescription sunglasses offer the same vision
correction as eyeglasses, but they also protect the eyes from harmful UV rays.
The growing demand for stylish and fashionable eyeglasses. Eyeglasses are now
seen as a fashion accessory, and there is a wide range of styles available to
suit all tastes. These factors are expected to drive the growth of this
segment.
Based
on region, Canada market is poised to be the fastest-growing market, offering
lucrative growth opportunities for Eye Care players during the forecast period.
Factors such as Canada has been proactive in raising awareness about eye health
and preventive care. Public health campaigns and educational initiatives have
encouraged regular eye check-ups and early detection of eye conditions. Canada
has been expanding its teleophthalmology services to reach remote and
underserved areas. Telemedicine initiatives ensure that patients across vast
geographical areas have access to eye care specialists. Government support for
healthcare infrastructure and investments in ophthalmology research contribute
to market growth. Publicly funded healthcare systems ensure that a significant
portion of the population can access eye care services. Similar to the United
States, Canada is also experiencing an aging population.
Major companies operating in North America Eye
Care Market are:
·
Luxottica Retail North America Inc.
·
Bausch Health Companies, Inc.
·
Johnson & Johnson Vision Care,
Inc.
·
Alcon Laboratories, Inc.
·
Hoya Vision Care North America
·
CopperVision Inc.
·
Menicon America, Inc.
·
AbbVie Inc.
·
Carl Zeiss Meditec AG.
·
F. Hoffmann-La Roche AG: Genentech,
Inc
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“The
Technological Advancements and increasing eye health awareness are key drivers
of the Eye Care market. In recent years, the growing Public awareness campaigns
and educational initiatives have encouraged regular eye check-ups and early
disease detection, fostering a culture of proactive eye care. Moreover, the
growing consumer emphasis on preventative healthcare products has enhanced
production and marketing efforts. To meet the demands of the market,
manufacturers are increasingly incorporating cutting-edge technologies with
high production efficiency. Rising consumer acceptance and continuous product
innovation will further ensure the growth of the Eye Care and supplements
market in the coming years.,” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“North America Eye Care Market By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Eye Vitamins, Others), By Coating (Anti-Glare, UV, Others), By Lens Material (Normal Glass, Polycarbonate, Trivex, Others), By Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals), By Country, Competition, Forecast & Opportunities 2020-2030F”, has evaluated the
future growth potential of North America 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 North America Eye Care Market.
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