United States Eye Care Market to grow at a Significant Rate through 2026
Rising number of chronic
conditions along with unhealthy diet is expected to drive the United States eye
care market for the forecast period.
According to TechSci Research report, “United
States 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
Company, By Region, Forecast & Opportunities, 2026”, United States eye
care market is expected to witness significant growth for the next five years. Eye
care is a diverse market which includes product such as intraocular lens,
contact lens, spectacles, sunglasses, among others. High awareness for ocular
diseases and favorable government policies supporting the cataract surgeries is
fueling the market for eye care in United States. Correction of eye problems
which are responsible for decreasing the vision capacity is a huge market for
the eye care products. High penetration of internet services and proliferation
of smart devices is increasing the time spend by watching these screens is
lowering the vision and causing redness and irritation problems in the eyes.
Eye care is generally done by healthcare professionals comprising of
ophthalmologists, optometrists, and opticians. Ophthalmologists are responsible
for overall care of patients and optometrists examines the eye condition and
prescribes for glasses or contacts. Opticians manufacture and sell corrective
lenses depending upon the need and prescriptions written by ophthalmologist and
optometrists. Laser surgery is operated on patients who do not want any glasses
or contact lenses and the demand for laser surgeries is on rise. Rising
pollution levels and adoption if sedentary lifestyle is also responsible for
negative effects on the eyes of residents of United States. Manufacturers are developing
and launching new products such as production of pills, ointments, drops and
vitamins which is creating huge market for the eye care products in United
States.
The COVID-19 outbreak across the world which has been
declared as pandemic by World Health Organization has affected countries
adversely. Leading authorities in United States imposed lockdown restrictions
and released a set of precautionary measures to contain the spread of novel
coronavirus. Coronavirus affected patients started suffering from shortness of
breath along with coughing and sneezing. United States authorities increased
the capacity of hospitals as a greater number of patients were getting affected
daily and getting admitted into the hospital facilities. The demand for
critical care devices increased during this period. Restriction was imposed on
export and import, and manufacturing units could continue production with lower
volume. Eye care market suffered a hit as it non-essential service and
consumers were focusing on essential services. However, after this period the
eye care market is expected to pick up the pace eventually.
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United
States eye care market is segmented into product type, coating, lens material,
distribution channel, regional distribution, and company. Based on product type,
market is further divided into eyeglasses, contact lens, intraocular lens, eye
drops, eye vitamins and others. The eyeglasses segment is expected to dominate
the eye care market for the predicted period, 2022-2026. Manufacturers of eye
care products are increasing the range of products available to consumers which
can also be personalised according to consumer requirements is surging the
growth of the eye care market in United States. Rise in occurrence of ocular
diseases and presence of major eye care players in the region are contributing
to the growth of the eye care market for the next five years.
Bausch
Health Companies, Inc., Alcon, Inc., Johnson & Johnson, CooperVision, Inc.,
EssilorLuxottica Group, AbbVie Inc., Carl Zeiss, Inc., Novartis USA, Pfizer
Inc., Menicon America Inc. are the leading players operating in United States eye
care market. Manufacturers are increasingly focusing on research and
development process to fuel higher growth in the market. To meet evolving
customer demand with respect to better efficiency and durability, several eye
care manufacturers are coming up with their technologically advanced offerings.
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“Manufacturers
are preferring online platforms to sell eye care products as it is widens the
market reach of eye care products and offer lucrative offers and discounts to
attract consumers for purchasing through online platforms and adopt marketing
strategies and social media campaigns by hiring celebrities and well-known
influencers which is creating tremendous opportunities for the growth of the
eye care market. Insurance cover on eyecare expenses along with increasing
prevalence of eye disorders is expected to propel the United States of eye care
market growth until 2026” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“United
States 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 Company, By Region, Forecast &
Opportunities, 2026” has
evaluated the future growth potential of United States eye care market and
provided statistics & information on market size, shares, 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 the of United States eye
care market.
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