United States Vision Care Market to Grow with a CAGR of 6.76% through 2029
Growing awareness and preventive care and rising
geriatric population expected to drive the United States Vision Care Market
growth in the forecast period, 2025-2029
According to TechSci Research report, “United
States Vision Care Market –Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2019-2029F”, the United States Vision Care
Market stood at USD 9.18 Billion in 2023 and is expected to reach USD 13.46
Billion by 2029 with a CAGR of 6.76% during the forecast period
The rising geriatric population in the United States
is a pivotal factor driving the growth of the vision care market. As the
population ages, the prevalence of age-related eye conditions such as
cataracts, glaucoma, and macular degeneration increases. These conditions are
more common in older adults, making the aging demographic a significant driver
for demand in the vision care sector. One of the key contributors to this trend
is the increasing life expectancy. With advancements in healthcare and improved
living standards, people are living longer lives, which consequently leads to a
higher incidence of age-related vision issues. Cataracts, characterized by the
clouding of the eye's natural lens, often develop gradually over time and are
prevalent among the elderly. Glaucoma, a group of eye conditions that damage
the optic nerve, is also more frequently diagnosed in older adults, and macular
degeneration, which affects the central vision, becomes more common with age.
The growing number of elderly individuals necessitates
a more comprehensive approach to vision care. This demographic shift creates a
higher demand for specialized vision care solutions tailored to address age-related
issues. Advanced diagnostic tools are increasingly required to accurately
detect and monitor eye conditions in older patients. Innovations in imaging
technology and diagnostic devices allow for early detection and more effective
management of eye diseases, improving patient outcomes.
Improvements in surgical techniques are another
critical area of advancement. The development of minimally invasive procedures
and enhanced surgical technologies has transformed the management of conditions
such as cataracts and retinal diseases. For example, advanced intraocular
lenses (IOLs) used in cataract surgery now offer multifocal and accommodative
options, providing patients with better visual outcomes and reducing their
dependence on corrective lenses. Innovative retinal treatments, including new laser
technologies and pharmacological approaches, are improving the management of
retinal disorders. These treatments enhance the precision of interventions and
provide more effective options for preserving vision.
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The expansion of eye health awareness programs and
initiatives is significantly impacting the growth of the United States Vision
Care Market. Efforts by government agencies, non-profit organizations, and
private entities to promote eye health and educate the public about the
importance of regular eye care are driving increased demand for vision care
services and products.
Government agencies play a crucial role in advancing
eye health awareness through public health campaigns and educational
initiatives. These programs aim to inform the general population about common
eye conditions, the benefits of routine eye exams, and the importance of early
detection. By leveraging various media channels, including television, radio,
and social media, government campaigns reach a wide audience, increasing public
knowledge and encouraging proactive eye care.
Non-profit organizations also contribute significantly
to eye health awareness. These organizations often focus on specific causes,
such as preventing blindness or addressing vision issues in underserved
communities. They frequently organize vision screening events, distribute free
or subsidized corrective lenses, and provide educational resources to enhance
public understanding of eye health. Their efforts help bridge the gap in vision
care access, particularly in areas where resources are limited.
The United States Vision Care Market is segmented into
product, distribution channel, regional distribution, and company.
Based on distribution channel, In 2023, Clinics emerged as the dominant distribution channel in the United States vision care market. Clinics offer a comprehensive range of vision care services, including eye exams, diagnosis, and treatment, which makes them a central hub for vision care. Patients often visit clinics for routine eye check-ups and specialized procedures, making them a primary point of access for vision-related needs. The convenience of having multiple services under one roof, such as consultations with optometrists and ophthalmologists, as well as access to corrective lenses and surgical options, drives high patient traffic to clinics.
The increasing preference for personalized and professional eye care has bolstered the role of clinics. Patients value the expertise and tailored advice provided by healthcare professionals, which contributes to the clinic's dominant position. Clinics often have advanced diagnostic equipment and offer specialized treatments that are Tnot available through other channels, further enhancing their appeal. he growing awareness of the importance of regular eye exams and early detection of eye conditions has led to more frequent visits to clinics. As a result, clinics are better positioned to capture a larger share of the vision care market compared to other distribution channels such as retail stores and e-commerce platforms, which primarily focus on the sale of products rather than providing comprehensive eye care services.
Based on region, after the Northeast region, the West
region emerged as the second most dominant in the United States vision care
market in 2023. The West region, which includes major metropolitan areas like
Los Angeles, San Francisco, and Seattle, benefits from a large and diverse
population base. The high population density in these urban centers contributes
to a substantial demand for vision care products and services. The region's significant demographic diversity drives a varied need for different
types of vision care solutions, catering to a wide range of visual impairments
and preferences.
The West region is known for its strong emphasis on
health and wellness, which includes proactive eye care. The presence of
numerous health-conscious individuals and a culture that prioritizes preventive
care contributes to higher adoption rates of vision care services. The region's advanced healthcare infrastructure and a high concentration of
specialized vision care centers enhance accessibility and quality of care,
further supporting its market dominance.
Major companies operating in the United States Vision
Care Market are:
- Rayner Surgical Inc.
- Alcon Vision LLC
- Carl Zeiss AG
- EssilorLuxottica
- Johnson & Johnson Services, Inc.
- Hoya Corporation USA
- Bausch + Lomb Corporation
- Cooper Companies, Inc
- Menicon America, Inc.
- National Vision, Inc
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“Ongoing research and development in ophthalmology and
vision science are pivotal in driving innovation and growth within the United
States Vision Care Market. Breakthroughs in various areas, including genetic
research, novel drug therapies, and advanced surgical techniques, are
significantly enhancing the capabilities for diagnosing, treating, and managing
a wide array of eye conditions. These advancements are continually reshaping
the landscape of vision care, offering improved solutions for patients and
expanding the range of available treatments. Recent studies have uncovered genetic factors linked
to several eye conditions, including age-related macular degeneration (AMD),
glaucoma, and retinitis pigmentosa. By identifying specific genetic markers
associated with these conditions, researchers are developing targeted therapies
that address the underlying causes of diseases rather than just alleviating
symptoms. This progress in genetic research is paving the way for personalized
medicine approaches in ophthalmology, which promise more effective and tailored
treatments for patients”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“United States Vision Care Market By Product (Prescription Glasses, Contact Lens, Intraocular Lens, And Others), By Distribution Channel (Retail Stores, E-Commerce, Clinics, And Hospitals), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of United
States Vision 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 United States
Vision Care Market.
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