|
Forecast Period
|
2026-2030
|
|
Market Size (2024)
|
USD 1.02 Billion
|
|
Market Size (2030)
|
USD 1.57 Billion
|
|
CAGR (2025-2030)
|
7.85%
|
|
Fastest Growing Segment
|
Contact Lens
|
|
Largest Market
|
West India
|
Market Overview
India Vision Care Market was valued at USD 1.02 Billion in 2024 and is anticipated to reach USD 1.57 Billion by 2030, with a CAGR of 7.85% during 2025-2030. In the fiscal year 2022-2023, the Indian government achieved a record of over 83.4 lakh cataract surgeries successfully conducted. The eye, a remarkable organ,
is an integral part of the human body that enables us to experience the world
through vision and process intricate visual details. Eye care encompasses a
wide range of practices and treatments aimed at maintaining optimal eye health
and addressing various vision issues. From vision correction options like
contact lenses, eyeglasses, and sunglasses to surgical procedures such as
LASIK, there are diverse solutions available to cater to individual needs.
Vision care is a comprehensive approach
that encompasses multiple facets, including education, regular health
maintenance, and personalized care plans. By implementing a well-rounded eye
health strategy, individuals can strive to attain and maintain the highest
possible level of vision. Regular eye care not only ensures healthy and
functional eyes but also contributes to overall well-being. LASIK surgery, a
cutting-edge innovation in eye care, offers individuals the opportunity to
correct vision problems and potentially eliminate the need for corrective
lenses. This advanced procedure, known as laser-assisted in situ
keratomileusis, has revolutionized the field of vision correction.
It's important to note that while vision
care and corrective measures are crucial for many, not everyone requires such
interventions. Each person's vision needs are unique, and professional guidance
is essential in determining the most appropriate course of action for optimal
eye health. Eye care is a multifaceted discipline that encompasses various
approaches and treatments to maintain healthy and functional eyes. From vision
correction options to surgical procedures, the field of eye care continually
advances, offering individuals the opportunity to enhance their visual
experience and overall quality of life.
Key Market Drivers
Easy Access To Healthcare Services
The continuous improvement in healthcare
services in the vision care market is playing a significant role in driving
market growth. In March 2024, Maxivision Super Specialty Eye Hospitals inaugurated its fifth facility in Tamil Nadu, marking the 46th hospital in its nationwide network. The eye care provider aims to establish 100 hospitals by 2025. Maxivision entered into a memorandum of understanding with the Government of Tamil Nadu to establish eye care facilities in Perambalur, Thanjavur, Tiruchirappalli, and Salem as part of its 'Project Velicham' initiative. Notably, governments and healthcare organizations are taking
proactive measures to enhance access to vision care services. This includes
establishing vision care clinics in remote and underserved areas, conducting
eye health awareness campaigns, and integrating eye care services into primary
healthcare systems. These initiatives are greatly contributing to the growth of
the market.
Also, the integration of
telemedicine and online consultation platforms has revolutionized access to
professional advice from ophthalmologists and optometrists. This technological
advancement eliminates the need for physical appointments, benefiting
individuals facing geographical barriers or mobility challenges. The digital
transformation in healthcare is proving to be a major growth-inducing factor.
Moreover, collaborations between
non-governmental organizations (NGOs), private healthcare providers, and
international agencies are driving the development of community-based eye care
programs. These programs focus on early detection and treatment of common
vision problems, aiming to prevent avoidable vision impairments. This concerted
effort towards preventive care is propelling the growth of the market. The
vision care market is witnessing significant growth due to the combined effect
of improving healthcare services, government initiatives, technological
advancements, and collaborative efforts focused on community-based eye care
programs.
Growing Awareness for Importance of Eye
Health
The rising awareness campaigns focused
on eye health have significantly compelled individuals to prioritize their
visual well-being. These campaigns serve a crucial role in educating people
about the importance of regular eye check-ups, early detection of eye
conditions, and adopting healthy practices to maintain optimal eye health.
Moreover, these awareness campaigns have
successfully reached a wide range of audiences through various channels,
including social media, traditional media outlets, community events, and
educational programs, contributing substantially to the market growth. By
providing comprehensive information about common eye conditions such as myopia,
astigmatism, and age-related macular degeneration, these campaigns aim to raise
awareness about potential risks associated with prolonged screen time and
inadequate protective measures, further augmenting the market growth.
As a result of these campaigns,
individuals are now more inclined to schedule regular eye examinations. Early
detection of eye conditions allows for timely interventions, minimizing the
risk of vision loss and preserving visual acuity. This aspect represents
another major growth-inducing factor in the market.
Also, these campaigns place
significant emphasis on the importance of ultraviolet (UV) protection for the
eyes. By fostering the use of sunglasses and other protective eyewear, they aim
to educate individuals about the potential harm caused by prolonged exposure to
UV rays and promote preventive measures. The ongoing eye health awareness
campaigns play a vital role in educating individuals, raising awareness about
common eye conditions, and encouraging proactive measures to maintain optimal
eye health. The comprehensive information provided through these campaigns
serves to empower individuals to prioritize their visual well-being and take
necessary steps to protect their eyes.
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Rising Technological Advancements
The market is currently experiencing a
rapid influx of technological advancements that are revolutionizing the field
of eye care. These innovations encompass various aspects of vision correction,
including eyeglass frames, contact lenses, lens materials, and more. These
advancements not only contribute to enhanced visual experiences but also have a
profound impact on improving eye health. One notable aspect of these
advancements is the development of advanced materials that offer greater
comfort, breathability, and longer wear times. For instance, the introduction
of silicon hydrogel lenses has significantly increased oxygen permeability,
reducing the risk of eye dryness and irritation. Such advancements are crucial
in ensuring optimal eye health for individuals who rely on contact lenses for
their vision correction needs.
Moreover, the integration of smart
technologies into contact lenses holds tremendous potential in the field of eye
care. These smart lenses have the capability to monitor intraocular pressure in
real-time, providing valuable data for individuals with conditions like
glaucoma. This integration not only enhances the management of such conditions
but also contributes to the overall growth of the eye care market.
In addition to contact lenses, eyeglass
frames are also undergoing remarkable advancements. Manufacturers are combining
style with functionality by utilizing lightweight and durable materials such as
titanium and memory metals. These materials offer both comfort and longevity,
providing users with eyeglasses that are not only fashionable but also built to
withstand the demands of daily use.
Also, the emergence of
three-dimensional (3D) printing technology has opened up new possibilities in
the eyeglass frame industry. This technology allows for the creation of
customizable frames tailored to individual preferences and facial structures. The
ability to create personalized frames not only enhances the overall fit and
comfort but also creates a positive market outlook by catering to the unique
needs of consumers. The rapid advancements in eye care technology are
transforming the market in profound ways. From vision correction to eye health
monitoring, these innovations are paving the way for a future where individuals
can enjoy improved visual experiences and enhanced eye health.
Increases in Eye Disorders
The increases in eye disorders in India
have undeniably led to a surge in the demand for vision care services and
products. Several factors contribute to this growing demand, highlighting the
pressing need for improved eye health services across the country. India's
population is aging, with a significant portion of its citizens entering their
senior years. The current elderly population of India, aged 60 and above, stands at 153 million and is projected to surge to 347 million by 2050. With age often comes an increased risk of eye-related conditions
such as cataracts, glaucoma (In India, the prevalence of glaucoma stands at 11.9 million, with 8.9 million affected by blindness. Glaucoma accounts for 12.8% of total blindness cases in the country) and age-related macular degeneration. This
demographic shift has fueled the demand for vision care, including regular eye
check-ups, prescription glasses, and surgical interventions.
The prevalence of lifestyle-related eye
problems is on the rise. Factors like increased screen time due to
digitalization, unhealthy diets, and sedentary lifestyles contribute to
conditions like computer vision syndrome, myopia, and dry eye syndrome. As a
result, more people are seeking vision care services and eyewear solutions to
address these modern-day challenges.
Inadequate access to eye care services
in rural areas has led to a backlog of untreated eye disorders. Initiatives by
the government, NGOs, and private organizations to expand eye care
infrastructure and outreach programs have helped address this issue. However,
the growing awareness of the importance of regular eye examinations has led to
increased demand, especially in previously underserved regions.
Key Market Challenges
Shortage of Skilled Professionals
In India, the pressing issue of
inadequate numbers of well-trained optometrists and ophthalmologists has
significant implications for the accessibility and delivery of high-quality eye
care services to the population. The scarcity of skilled professionals in this
field not only poses challenges in addressing eye health needs effectively but
also hampers the overall vision care outcomes for individuals across the
country, potentially leading to a higher prevalence of untreated eye conditions
and a greater burden on the healthcare system.
To address this challenge, increased
investment in training programs is essential. By expanding educational
opportunities and resources for aspiring optometrists and ophthalmologists, we
can nurture a new generation of skilled professionals who are equipped to meet
the growing demand for eye care services. Additionally, proactive recruitment
strategies can help attract and retain talent in this field, ensuring a
sustainable workforce and improved accessibility to eye care services.
Also, the establishment of
comprehensive eye care infrastructure is crucial. This includes the development
of well-equipped eye care centers, clinics, and hospitals across the country,
particularly in underserved areas. By creating a robust network of eye care
facilities, we can bridge the gap between the demand and supply of eye care
services, ensuring that individuals receive the care they need conveniently and
efficiently.
By addressing these challenges head-on,
we can improve the overall eye health outcomes for the population. Timely and
appropriate vision care services can prevent vision loss, enhance quality of
life, and contribute to the overall well-being of individuals and communities.
It is imperative that we prioritize and invest in the training of eye care
professionals, the development of comprehensive eye care infrastructure, and
the implementation of policies that support accessibility and quality in eye
care services. Together, we can make a positive impact and ensure that every
individual receives the vision care they deserve.
Inadequate Infrastructure
The vision care sector is confronted
with significant challenges arising from inadequate infrastructure. One of the
major shortcomings is the lack of advanced diagnostic and treatment facilities,
particularly in remote rural areas where access to quality eye care is severely
limited. This glaring disparity in healthcare resources creates formidable
barriers for individuals in need of vision care services, impeding their
ability to receive timely and effective treatments. Consequently, there is a
pressing need to address these infrastructure gaps to ensure that every
individual, regardless of their geographical location, has equitable access to
the comprehensive eye care they rightfully deserve. By bridging these gaps, we
can strive towards a future where no one is deprived of the essential vision
care they require for a healthy and fulfilling life.
Key Market Trends
Extended Screen Time with Growing Trend
of Digitization
The extended screen time associated with
the growing trend of digitization in India is undeniably contributing to an
increased demand for vision care services and products. This shift towards a
more digital-centric lifestyle has given rise to several factors that are
impacting the eye health of individuals across the nation. The proliferation of
smartphones, computers, and other digital devices has led to a significant
increase in the amount of time people spend staring at screens. Prolonged
exposure to screens can result in symptoms of digital eye strain, commonly
known as computer vision syndrome, including eye fatigue, dryness, blurred
vision, and headaches. As a consequence, more individuals are seeking vision
care to address these discomforts and alleviate the strain on their eyes.
The rise of online learning and remote
work, accelerated by the COVID-19 pandemic, has further exacerbated screen
time. With students attending virtual classes and professionals spending
extended hours on video calls and computer tasks, there is a growing
realization of the importance of regular eye check-ups and corrective eyewear
to counter the impact of excessive screen usage.
The prevalence of myopia, or
nearsightedness, has been on the rise, especially among children and young
adults, and it is believed to be linked to increased screen time and reduced
outdoor activities. This has led to a surge in demand for vision care services,
including eye examinations, prescription eyeglasses, and contact lenses.
In response to these trends,
optometrists, ophthalmologists, and optical retailers have witnessed an uptick
in patient visits and eyewear sales. Vision care professionals are also
emphasizing the importance of practicing good digital eye hygiene to mitigate
the negative effects of prolonged screen exposure.
Rising Aging Population
The rising aging population in India is significantly
increasing the demand for vision care services and products. Several key
factors contribute to this growing demand, highlighting the critical need for
improved eye health care for seniors in the country. As India's population
ages, there is a natural increase in the prevalence of age-related eye
conditions, such as cataracts, glaucoma, and age-related macular degeneration.
These conditions often lead to visual impairment or blindness if left
untreated. Consequently, an aging population places a substantial burden on the
healthcare system, driving up the demand for vision care services, including
regular eye check-ups and surgical interventions.
Elderly individuals frequently require
prescription eyeglasses or contact lenses to address common age-related vision
problems such as presbyopia (difficulty focusing on close objects) and
age-related changes in refractive error. This has led to a surge in demand for
corrective eyewear, as seniors seek solutions to maintain their quality of life
and independence.
The aging demographic also faces an
increased risk of systemic health issues like diabetes and hypertension, which
can have a significant impact on eye health. Diabetic retinopathy and
hypertensive retinopathy are conditions that can lead to vision loss if not
managed effectively, further highlighting the need for comprehensive vision
care services for older individuals. Elderly people often suffer from
conditions like dry eye syndrome, which can cause discomfort and affect their
overall eye health. This has driven up the demand for treatments and products
that alleviate these symptoms.
Segmental Insights
Product Type
Insights
Based on
the product type, eyeglasses are dominating the India Vision Care market due to
several factors. The rising prevalence of vision impairments and eye disorders,
coupled with increased awareness about eye health, has led to a surge in demand
for corrective eyewear. This trend is further fuelled by the growing
digitalization and screen time, which has resulted in more individuals
experiencing vision problems. The diverse and cost-effective range of eyeglass
designs available caters to consumers of different economic backgrounds and
preferences, ensuring that everyone can find a suitable and affordable option.
Additionally, the advancements in lens technology, such as anti-glare coatings
and blue light filters, have made eyeglasses more appealing and beneficial for
individuals in their daily lives. The culture of wearing eyeglasses as a
fashion accessory or style statement has also contributed significantly to
their popularity, with many people embracing the opportunity to express their
personality and enhance their overall look through stylish frames. All these
factors combined have made eyeglasses the go-to choice for vision correction
and fashion in India.
Distribution
Channel Insights
Based on distribution
channel, the retail stores segment continues to dominate the market in terms of
market share, primarily due to the wide availability of vision care products
offered through various retail outlets. This dominance is further fueled by the
growing consumer inclination towards e-commerce websites, which has
significantly contributed to the overall market growth of the Vision Care
Market. With the convenience of online shopping and the increasing range of
products available, consumers now have more options than ever to access and
purchase vision care products that cater to their specific needs. This trend
has not only expanded the reach of the market but also opened up new
opportunities for both established players and emerging brands to tap into the
growing demand and offer innovative solutions in the vision care industry. As a
result, the market is witnessing a surge in competition, with companies
striving to differentiate themselves by providing unique products, personalized
customer experiences, and convenient delivery options, thus further fueling the
growth of the Vision Care Market.
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Regional Insights
The Western region of India is currently dominating the country's Vision Care market. This can be attributed to several factors. Firstly, the region has experienced a significant increase in population, leading to a larger consumer base for vision care products and services. Additionally, the rise in disposable income among residents has contributed to the growing demand for quality eye care. Also, there is a growing awareness regarding the importance of eye health in the region, leading to an increased willingness to invest in vision care. Lastly, the Western region benefits from a well-established healthcare infrastructure, providing accessibility and quality services to meet the needs of the population. Collectively, these factors have solidified the region's dominance in the Vision Care market.
Recent Development
- In May 2024, CBM India Trust, in collaboration with the esteemed Dr. Rajendra Prasad Centre for Ophthalmic Sciences (AIIMS) and the Regional Institute of Ophthalmology (RIO), inaugurated a state-of-the-art Low-Vision Center at the Government Medical College in Amritsar. This significant development represents a major advancement in the provision of specialized eye care services for individuals with visual impairments. As part of the visionary Roshini program initiated by CBM India Trust, the Low-Vision Center is equipped with cutting-edge facilities and staffed by highly skilled professionals dedicated to serving those with low vision. The center offers a comprehensive suite of services, including assessments, advanced screenings, and personalized consultations tailored to meet the unique needs of each patient.
- In February 2024, ZEISS introduced the ZEISS VISUCORE 500 at the prestigious In-Optics Event in New Delhi. This cutting-edge combined refraction unit signifies a significant advancement in India's vision care industry, providing healthcare practitioners, retail store owners, and consumers with a technologically advanced and innovative solution for both objective and subjective refraction.
Key Market Players
- Bausch
and Lomb India Pvt Ltd.
- Alcon
Laboratories Pvt Ltd
- Hoya
Lens India Pvt Ltd
- Johnson
& Johnson
- Luxottica
India Eyewear Pvt Ltd
- Novartis
India Ltd.
- Carl
Zeiss India Pvt Ltd.
- Rodenstock GmbH
|
By Product Type
|
By Coating
|
By Lens Material
|
By Distribution Channel
|
By Region
|
- Eyeglasses
- Contact Lens
- Intraocular Lens
- Others
|
- Anti-Glare
- Anti reflecting
- Others
|
- Normal Glass
- Polycarbonate
- Trivex
- Others
|
- Retail Stores
- E-Commerce
- Clinics
- Hospitals
|
|
Report Scope:
In this report, the India Vision Care Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- India Vision Care Market, By Product Type:
o
Eyeglasses
o
Contact Lens
o
Intraocular Lens
o
Others
- India Vision Care Market, By Coating:
o
Anti-Glare
o
Anti reflecting
o
Others
- India Vision Care Market, By Lens Material:
o
Normal Glass
o
Polycarbonate
o
Trivex
o
Others
- India Vision Care Market, By Distribution Channel:
o
Retail Stores
o
E-Commerce
o
Clinics
o
Hospitals
- India Vision Care Market, By Region:
o
North
o
South
o
West
o
East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India Vision Care Market.
Available Customizations:
India Vision Care Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India Vision Care Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]