Israel eye care
market is anticipated to witness a steady CAGR during the forecast period. This can be ascribed to the rising
prevalence of eye problems, including cataracts, glaucoma, and macular
degeneration, and increasing cases of vision impairment among the population,
thus, bolstering the eye care market in the country. Additionally, the growing
geriatric population also accounts for the increased demand for eye care products
due to their age-related vision impairment issues and thus propelling the
market growth in the forecast period. The growing advancement in the
technologies
The
eye care market consists of products that are typically used for the treatment
of eyes and their disorders. These help to maintain moisture, eliminate dark
circles, tighten the skin around the eyes, and maintain the overall health of
the eyes. The different eye care products in
the market today are age specific. For instance, Bausch and Lomb provide the
market with age-specific eye care products that help in avoiding harsh
reactions. These products focus on the skin’s thickness and the eye’s tolerance
toward chemical compositions at different age groups. These factors are propeling
the growth of the Israel eye care market.
Growing Prevalence of Eye Diseases
The growing prevalence of most common eye diseases,
such as cataracts, refractive errors, glaucoma, diabetic retinopathy, and macular
degeneration, is creating a huge demand for eye care products
in Israel and, at the same time, is anticipated to bolster the growth of this market
during the forecast period. According
to a study, around half a
million people suffer from eye diseases and face trouble in their vision. In
2020-2021, the L'OCCITANE Foundation and L'OCCITANE Israel renewed their
partnership to support a project run by the Israeli Association for Ocular
Health and the Prevention of Blindness (LIROT). The overall aim is to realize the
need for eye screening checkups to prevent avoidable blindness for elderly
people using telemedicine and for kids to find symptoms of lazy eye.
Additionally, in 2017, an announcement was made that LIROT
was using its fully equipped mobile clinic to visit senior centers and
residences throughout Israel to provide free preventive screening for thousands
of senior citizens to develop a new method of eye screening. L'OCCITANE Israel
and the Foundation have supported LIROT for its program, which focused on the
detection of lazy eye symptoms.
Moreover, the NGO aims to prevent blindness among
hundreds of thousands of children, adults, and the elderly through research,
screening, and public awareness for bolstering the growth of the Israel eye
care market. In 2017, L'OCCITANE funded a machine for screening eye disorders,
such as amblyopia, a disease that affects almost 8,000 children each year
within the country, also funding the training of medical staff on the use of
this machine.
Furthermore, in 2019, the L'OCCITANE Foundation and
L'OCCITANE Israel supported enabling access to eye treatment for many people in
Tel Aviv and the center of Israel. The association conducted free screenings of
vulnerable elderly people and children. The rise in eye problems, such as eye weakness,
cataracts, and other ocular conditions can be observed frequently among the
geriatric population and, thereby, is creating a massive demand for contact
lenses to improve eye vision and treat conditions, such as cataracts, and leads
to the growth of Israel eye care market during the forecast period.
Increased Digitalization and Changing Lifestyle
The rapid advancement in technology and increasing
digitalization have led to an increase in the development of vision impairment
conditions. The growing prevalence of several ocular diseases, and increasing
screen time among kids and adults at to studies, entertainment, or work, related
activities are driving the eye care market growth. The occurrence of the Covid-19
pandemic has led to an increase in sales of eye care products, as users were
spending the most time on their smartphones, laptops, tablets, etc. both for
work and recreation. They thus had refractive vision impairment and symptoms of
dry eye, which boosted the growth of eye care products in Israel, increasing
use of cellphones and prolonged eye contact with digital technology is
anticipated to bolster the growth of the Israel eye care market during the
forecast period.
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Awareness Towards Eye Health & Hygiene
The increasing prevalence of eye disorders is highly
relevant to the eye care market in Israel as it is driving the demand for eye
care products and services. Israel has an aging population, which is more susceptible
to eye disorders, such as cataracts, glaucoma, and age-related macular
degeneration. According to a study by the Israeli Ministry of Health, over
900,000 Israelis suffer from eye diseases, and this number is expected to
increase due to the aging population.
Moreover, the Israeli government recognizes the
importance of addressing the growing prevalence of eye disorders and has
implemented several policies and initiatives to promote eye health and improve
access to eye care services. For example, the government subsidizes the cost of
eyeglasses and contact lenses for children and young adults, which has led to
increased demand for these products. Therefore, the increased awareness about
the conditions caused by the over usage and increased usage of technological
devices among people is creating a rise in demand for the eye care products, such
as eyeglasses. In recent times, people in the country being business
professionals or working employees, kids, and old age people are preferring the
usage of eyeglasses for protecting their eyes from getting weak during the
usage of their devices.
Additionally, people are aware of the availability of
eye products such as dry eye solutions, eye vitamins, and supplements. in the market. Moreover, the dry eye
solutions are specifically formulated solutions, that are prepared to
moisturize the eye and provide long-lasting hydration to maintain or restore
eye moisture in cases of eye irritation, dryness, or in the conditions of any eye
allergies thereby creating a huge demand in the eye care market of the country
and at the same time is anticipated to propel the market growth in the forecast
period. For instance, a global leading company, Alcon is manufacturing a
series of dry eye relief eye care under the name “Systane”, and an ocular
allergy relief eye care under the series named “Pataday”. Thus, this is
anticipated to propel the growth of the Israel eye care market during the
forecast period.
Technological Advancements
Technological advancements are playing a significant
role in the growth and development of the Israel eye care market. In recent
years, there have been several technological advancements that have transformed
the diagnosis and treatment of eye disorders, providing patients with better
outcomes and enhancing the capabilities of eye care professionals. Some
technologies, such as laser technology, have revolutionized the treatment of various eye disorders,
including cataracts and refractive errors. It allows for more precise and
accurate surgical procedures, resulting in better outcomes for patients,
Robotic technology is being used to
perform complex eye surgeries with greater precision and accuracy.
Additionally, AI is being used in the diagnosis and
treatment of eye disorders, allowing for more accurate and efficient diagnosis,
and personalized treatment plans for patients. AI-powered devices can also
assist ophthalmologists in performing surgeries with greater precision.
Some Wearable devices, such as smart glasses and
contact lenses, are being developed to monitor and diagnose various eye
disorders, such as glaucoma and age-related macular degeneration. These devices
can provide patients with real-time information about their eye health and
allow for early intervention to prevent further damage and is expected to
increase the growth of the Israel eye care market in the coming years.
Recent Developments
- In
July 2022, an Israeli company,. Eximore developed a non-invasive patented
punctal plug drug delivery system that addresses the challenges of eye drops
while also overcoming the challenges of plug design. The company is leveraging
the high retention, tolerability, and safety of today’s well-proven
conventional punctal plugs in the design of its novel plug that uses
nano-particle technology to mold the drug into the actual plug itself for the
treatment of vision loss and impairment. Eximore’s innovation is the answer to better
eye health which affects the quality of people’s lives and has economic and
social consequences.
Market
Segmentation
The
Israel eye care market is segmented by product type, coating type, lens
material, distribution channel, region, and company. Based
on the product type, the market is segmented into eyeglasses, contact lenses,
intraocular lenses, eye drops, eye vitamins, and others. Based on the coating
type, the market is segmented into anti-glare, UV, and others. Based on the lens
material, the market is segmented into normal glass, polycarbonate, trivex, and
others. Based on the distribution
channel, the market is segmented into retail
stores, e-commerce, clinics, and hospitals.
Market Players
Johnson and
Johnson Israel, Allergan Israel Ltd, CooperVision Israel, Pfizer
Pharmaceuticals Israel Ltd, MERCK SERONO LTD., Novartis Pharma
Israel Ltd., and F. Hoffmann-La Roche Israel are some of the leading
players operating in the Israel eye care market.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic
Data
|
2018 –
2021
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
|
2024 – 2028
|
|
Quantitative
Units
|
Revenue
in USD Million, and CAGR for 2018-2022 and 2024-2028
|
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered
|
By Product
Type
By Coating
By Lens
Material
By Distribution
Channel
By
Region
|
|
Regional
Scope
|
The
Mediterranean coastal plain, The Central Hills, The Jordan Rift Valley, The
Negev Desert
|
|
Key
Companies Profiled
|
Johnson
and Johnson Israel, Allergan Israel Ltd, CooperVision Israel, Pfizer
Pharmaceuticals Israel Ltd, MERCK SERONO LTD., Novartis Pharma Israel Ltd, F.
Hoffmann-La Roche Israel
|
|
Customization
Scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and Purchase Options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
|
Report Scope:
In this report, the global
Israel Eye Care Market has been segmented into the following categories,
in addition to the industry trends which have also been detailed below:
·
Israel
Eye Care Market, By Product Type
o Eyeglasses
o Disposable
o Contact Lens
o Intraocular Lens
o Eye Drops
o Eye Vitamins
o
Others
·
Israel Eye
Care Market, By Coating:
o Anti-Glare
o UV
o Others
·
Israel
Eye Care Market, By Lens Material
o Normal Glass
o Polycarbonate
o Trivex
o Others
·
Israel Eye
Care Market, By Distribution Channel:
o Retail Stores
o E-Commerce
o Clinics
o Hospitals
·
Israel Eye
Care Market, By Region:
o The Mediterranean coastal plain
o The Central Hills
o The Jordan Rift Valley
o The Negev Desert
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Israel Eye Care Market.
Available Customizations:
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).
The Israel eye 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]