Canada Eye Care Market to be Dominated by Intraocular Lens Segment through 2028

The increasing prevalence of ocular diseases is expected to drive the growth of Canada eye care market in the forecast period, 2024-2028.

According to TechSci Research report, “Canada Eye Care Market - By Region, Competition, Forecast and Opportunities, 2028”, Canada eye care market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the Increasing prevalence of various ocular diseases, such as glaucoma, amblyopia, and strabismus and growing screen time among kids and senior citizens because of studies, work, or entertainment. Similarly, growing imports & exports of pharmaceutical & therapeutics products like Eye Care will further propel the growth of Canada eye care market over the years. Additionally, consumers in the country have been spending on healthcare services to attain excellent patient care which will escalate the growth of Canada eye care market in coming years. Besides, the launch of new products might support the growth of Canada eye care market.

However, eye care services and products can be expensive, particularly for those without insurance coverage, which can hamper the Canada eye care market growth during the forecast period. While the Canadian government has implemented initiatives aimed at improving access to eye care services, there are still many Canadians who have difficulty accessing these services which may hamper the Canada eye care market growth during the forecast period. Also, as the Canadian population ages, there is a growing demand for eye care services. This can put a strain on the healthcare system, particularly in areas where there is a shortage of eye care professionals, which can affect patient compliance which can further restrict the growth of Canada eye care market.

Browse over XX Market Data Figures spread through XX Pages and an in-depth TOC on "Canada Eye Care Market”

Canada eye care market can be segmented by product type, coating, lens material, distribution channel, and region.

Based on product type, Canada eye care market can be segmented into eyeglasses, contact lens, intraocular lens, eye drops, and others. The intraocular lens segment dominated Canada eye care market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to increasing demand for avoiding wearing glasses along with growing treatment of nearsightedness, farsightedness, astigmatism, and resolving any vision-related difficulty.

Based on distribution channel, Canada eye care market can be segmented into retail stores, e-commerce, clinics, and hospitals. The retail stores segment is expected to dominate Canada eye care market during the forecast period on account growing availability of vision care products through retail stores and increasing benefits offered by retail stores like discounts and free home delivery.

Major companies operating in Canada eye care market are:

·         Alcon Canada Inc

·         Allergan Inc/Canada.

·         Novartis Pharmaceuticals Canada Inc

·         Essilor Network in Canada Inc

·         Johnson & Johnson Inc/Canada.

·         Bausch & Lomb Canada Inc.

·         Abbott Products Canada Inc.

·         Pfizer Canada Inc

On 27 January 2022, for instance, a calcineurin inhibitor immunomodulatory called Cequao (cyclosporine ophthalmic solution 0.09% w/v) has been launched by Sun Pharma Canada Inc. The medication is the first dry eye treatment offered in Canada that uses nan micellar (NCELL) technology to deliver medication, which increases the bioavailability and chemical stability of cyclosporine to boost ocular tissue penetration.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“Canada eye care is expected to dominate the market during the forecast period on account of the high prevalence of eye diseases, such as age-related macular degeneration, cataract, diabetic retinopathy, glaucoma, and growing awareness about eye treatment and care among people across the region. Similarly, technological innovations and improvements by different key companies and the emergence of small startups with unique product lines are expected to drive the growth of the Canada eye care market during the forecast period. Also, growing initiatives by major players for mergers and acquisitions will further propel the growth of Canada eye care market during the forecast period. Furthermore, increasing awareness of reducing harmful effects owing to excessive ultraviolet rays along with the growing geriatric population across the region is a major factor influencing the growth of the Canada eye care market over the years. Besides, the growing spending capacity of Canadian population on eye care treatments is expected to create a lucrative growth of the Canada eye care market during the forecast period” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Contact

Mr. Ken Mathews

708 Third Avenue, 

Manhattan, NY, 

New York – 10017

Tel: +1-646-360-1656

Email: [email protected]

Web: www.techsciresearch.com