Spain Eye Care Market to Grow with a CAGR of 5.16% through 2028
The aging population, changing
lifestyles, and insurance coverage are expected to drive the Spain Eye Care Market growth
in the forecast period, 2024-2028.
According to TechSci Research report, “Spain Eye
Care Market –Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Spain Eye Care Market stood at USD 2.08 billion
in 2022 and is anticipated to grow with a CAGR of 5.16% in the forecast period,
2024-2028. This can be attributed to the optical retail segment. The optical
retail segment in Spain is robust, with a wide array of eyeglasses, contact
lenses, and other vision correction products available through various domestic
and international brands. This accessibility and variety have made it easier
for consumers to obtain necessary eye care products.
Furthermore, the increase in digital screen usage is driving demand
for blue light-blocking eyewear. As individuals become more aware of the
potential harm caused by prolonged screen time, these specialized glasses are
becoming a popular choice. The Spain Eye Care Market is likely to see a surge
in the availability of these protective lenses.
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The Spain Eye Care Market is a dynamic and rapidly
evolving sector within the healthcare industry in Spain. It encompasses a wide
range of products and services designed to address vision-related issues, from
basic eye examinations and prescription eyewear to advanced surgical
procedures. Spain has witnessed a growing demand for vision correction solutions,
driven by factors such as an aging population, increased screen time, and
lifestyle changes. This has resulted in a higher prevalence of vision problems
like myopia, hyperopia, and astigmatism. The market is characterized by a robust optical retail
segment, where consumers can access eyeglasses, contact lenses, and other
vision correction products. Well-known international and domestic brands
operate a significant number of optical stores across the country. Spain offers
state-of-the-art eye surgery options, including LASIK (Laser-Assisted In Situ
Keratomileusis), cataract surgery, and refractive lens exchange. These
procedures have gained popularity for their effectiveness in providing
long-term vision correction. Spain, like many other European countries, has an
aging population. This demographic shift has contributed to an increase in
age-related eye conditions, such as cataracts and glaucoma, driving the demand
for eye care services.
The Spain Eye Care Market is segmented into product type, coating, lens
material, distribution channel, regional distribution, and company. Based on its product type, Eyeglasses are poised to dominate the product
landscape in the Spanish eye care market for several compelling reasons.
Firstly, Spain's aging population, coupled with the increasing prevalence of
vision-related issues, has created a growing demand for corrective eyewear.
Eyeglasses offer a cost-effective and non-invasive solution, making them
accessible to a wide demographic. Secondly, advancements in eyeglass technology
have led to stylish and lightweight frames with high-quality lenses, aligning
with the fashion-conscious preferences of Spanish consumers. Additionally, the
convenience and versatility of eyeglasses make them a popular choice for
individuals seeking both vision correction and UV protection. As a result,
eyeglasses are well-positioned to continue their dominance as a preferred eye
care product type in Spain, catering to the diverse needs of the market.
Based on coating, Anti-glare coatings are set to
dominate the coatings segment in the Spain Eye Care Market for several
compelling reasons. Firstly, Spain's climate often features bright sunlight,
leading to increased glare that can be discomforting and potentially harmful to
the eyes. As a result, consumers are increasingly seeking eyewear with
anti-glare coatings to reduce reflections and improve visual clarity. Secondly,
these coatings enhance the aesthetic appeal of eyeglasses by reducing glare and
making lenses virtually invisible, which aligns with the fashion-conscious
preferences of the Spanish market. Additionally, anti-glare coatings offer
practical benefits, such as reduced eye strain during prolonged screen time,
which is particularly relevant in today's digital age. With these advantages in
mind, anti-glare coatings are well-positioned to maintain their dominance as
the preferred choice for lens coatings in the Spain Eye Care Market, addressing
both functional and aesthetic needs of consumers.
Major companies operating in Spain Eye Care Market
are:
- Johnson & Johnson S.A.
- Alcon, Inc.
- HOYA LENS IBERIA S.A.
- CooperVision Iberia S.L.
- Menicon Iberia S.L.
- Abbvie Spain, S.L.U.
- Carl Zeiss Meditec Iberia SAU
- Novartis Farmacéutica, S.A.
- Safilo
- Avizor
- Pfizer Inc.
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“The Spain Eye Care Market is on the cusp of exciting
changes and developments. From telemedicine and myopia management to
personalized vision correction and sustainable eyewear, these key trends are
reshaping the industry. The increased use of technology and an emphasis on
accessible and sustainable eye care will undoubtedly lead to improved eye
health outcomes for the people of Spain. As the industry continues to evolve,
patients can look forward to a future with a greater focus on preventive care,
innovation, and enhanced overall eye health,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Spain 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
Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Spain 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 Spain Eye Care Market.
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