Global Eye Care Market Size, Share & Forecast 2026 | TechSci Research

MARKET INTELLIGENCE . CONSULTINGwww.techsciresearch.com

2016 – 2026

GLOBAL EYE CARE MARKET

FORECAST & OPPORTUNITIES

2

Scope of ReportProduct of Interest (POI): Eye Care

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021

Forecast Period

2022 – 2026

Year Range

REGION

• Asia-Pacific

• Europe

• North America

• South America

• Middle East & Africa

(MEA)

Eye Care refers to the care and treatment of eyes, eyesight conditions and vision. Global eye care market isexpected to witness healthy growth rate through 2026 due to growing prevalence of vision related disordersincluding myopia and hypermetropia in the region. Technological advancement in the field of ophthalmology,coupled with world-class healthcare infrastructure are key factors supporting the growth of global eye caremarket.

Market Segmentation

COATING

• Anti-Glare

• UV coating

• Others

• Normal Glass

• Polycarbonate

• Trivex

• Others

LENS MATERIAL

DISTRIBUTION CHANNEL

• Retail Stores

• E-commerce

• Clinics

• Hospitals

PRODUCT TYPE

• Eyeglasses

• Contact Lens

• Intraocular Lens

• Eye Drops

• Others

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Table of Contents

S. No. Contents Page No.

1. Product Overview (Definition of product and major terminologies used in the report)

2.Research Methodology (Detailed description of the methodology used to conduct the research, Rawdata backup, list of all secondary sources, List of respondents for primary surveys)

3. Impact of COVID-19 on Global Eye Care Market

4. Executive Summary

5. Voice of Customers

6. Global Eye Care Market Outlook, 2016-2026F

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Others)

6.2.2. By Coating (Anti-Glare, UV, Others)

6.2.3. By Lens Material (Normal Glass, Polycarbonate, Trivex, Others)

6.2.4. By Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals)

6.2.4. By Company (2020)

6.2.5. By Region

6.3. Product Market Map (By Product Type)

6.4. Product Market Map (By Coating)

6.5. Product Market Map (By Distribution Channel)

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Table of Contents


7. Asia-Pacific Eye Care Market Outlook, 2016-2026F


7.1.1. By Value


7.2.1. By Product Type

7.2.2. By Coating

7.2.3. By Lens Material

7.2.4. By Distribution Channel

7.2.5. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Eye Care Market Outlook, 2016-2026F

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product Type

7.3.1.2.2. By Coating

7.3.1.2.3. By Lens Material

7.3.1.2.4. By Distribution Channel

7.3.2. India Eye Care Market Outlook, 2016-2026F, 2016-2026F

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7.3.2.1.1. By Value






7.3.3. Japan Eye Care Market Outlook, 2016-2026F


7.3.3.1.1. By Value






7.3.4. South Korea Eye Care Market Outlook, 2016-2026F


7.3.4.1.1. By Value






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7.3.5. Australia Eye Care Market Outlook, 2016-2026F


7.3.5.1.1. By Value






8. Europe Eye Care Market Outlook, 2016-2026F


8.1.1. By Value



8.2.2. By Coating



8.2.5. By Country

8.3. Europe: Country Analysis

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Table of Contents


8.3.1. Germany Eye Care Market Outlook, 2016-2026F


8.3.1.1.1. By Value






8.3.2. France Eye Care Market Outlook, 2016-2026F


8.3.2.1.1. By Value






8.3.3. United Kingdom Eye Care Market Outlook, 2016-2026F


8.3.3.1.1. By Value





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8.3.4. Italy Eye Care Market Outlook, 2016-2026F


8.3.4.1.1. By Value






8.3.5. Spain Eye Care Market Outlook, 2016-2026F


8.3.5.1.1. By Value






9. North America Eye Care Market Outlook, 2016-2026F


9.1.1. By Value



9.2.2. By Coating

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Table of Contents




9.2.5. By Country

9.3. North America: Country Analysis

9.3.1. United States Eye Care Market Outlook, 2016-2026F


9.3.1.1.1. By Value






9.3.2. Canada Eye Care Market Outlook, 2016-2026F


9.3.2.1.1. By Value






9.3.3. Mexico Eye Care Market Outlook, 2016-2026F


9.3.3.1.1. By Value


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10. South America Eye Care Market Outlook, 2016-2026F


10.1.1. By Value



10.2.2. By Coating



10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Eye Care Outlook


10.3.1.1.1 By Value






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Table of Contents


10.3.2. Argentina Eye Care Market Outlook, 2016-2026F


10.3.2.1.1 By Value & Volume






10.3.3. Colombia Eye Care Market Outlook, 2016-2026F


10.3.3.1.1 By Value & Volume






11. Middle East and Africa Eye Care Market Outlook, 2016-2026F


11.1.1. By Value & Volume



11.2.2. By Coating



11.2.5. By Country

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Table of Contents


11.3. Middle East & Africa : Country Analysis

11.3.1. South Africa Eye Care Market Outlook, 2016-2026F


11.3.1.1.1. By Value






11.3.2. Saudi Arabia Eye Care Market Outlook, 2016-2026F


11.3.2.1.1. By Value






11.3.3. UAE Eye Care Market Outlook, 2016-2026F


11.3.3.1.1. By Value






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Table of Contents


12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Competition Outlook

14.2. Company Profiles (SWOT Analysis of Top 5 Players Profiled)

14.2.1. EssilorLuxottica SA

14.2.2. Johnson and Johnson

14.2.3. Alcon Inc

14.2.4. Hoya Corporation

14.2.5. Allergan Inc

14.2.6. CopperVision Inc

14.2.7. Bausch and Lomb Inc

14.2.8. Menicon Co Ltd

14.2.9. Carl Zeiss Meditec AG

14.2.10 Pfizer Inc.

14.2.11. Novartis AG

14.2.12. Merck & Co. Inc

14.2.13. F. Hoffmann-La Roche AG

14.2.14. Interojo Inc

14.2.15. Avizor SA

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Table of Contents


15. Strategic Recommendations

16. About Us & Disclaimer

RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global eye care market,

overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global eye care market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global eye are market. The team has analyzed the outlook

of various segments of this market, while considering the major influencing factors such as growing awareness towards eye health and increasing

prevalence of various eye disorders around the world. The study includes market forecasting, which would enable our clients to take better decisions

while planning their strategy to achieve sustainability in the global eye care market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive

secondary research and primary surveys, with various key opinion leaders/stakeholders, such as eye care companies, channel partners, market

influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 eye care companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain stakeholders

in the global eye care market to obtain the overall market size from 2016 to 2020, which was validated by the Delphi technique. Taking standard

deviation into consideration, the market size was averaged out, to arrive at the market size data during 2016-2020.

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• Respondents were asked about the current and future market growth rates, market shares by product type, by coating, by lens material, by

distribution channel, and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares

generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were

further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shared by product type, by coating, by lens material, by distribution channel, and by region were calculated based on the responses

received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from

various segments of eye care market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion

leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Global eye care

market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that

the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD),

with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ EssilorLuxottica SA

▪ Johnson and Johnson

▪ Alcon Inc

▪ Hoya Corporation

▪ Allergan Inc

▪ CopperVision Inc

▪ Bausch and Lomb Inc

▪ Menicon Co Ltd

▪ Carl Zeiss Meditec AG

▪ Pfizer Inc.

▪ Novartis AG

▪ Merck & Co. Inc

▪ F. Hoffmann-La Roche AG

▪ Interojo Inc

▪ Avizor SA

▪ American Optometric Association (AOA)

▪ All India Ophthalmological Society (AIOS)

▪ European Association for Vision and Eye Research (EVER)

▪ International Council of Ophthalmology

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

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Competitor Profile Pfizer Inc.

According to recently released TechSci Research report “Global Eye Care Market By Product Type (Eyeglasses, Contact Lens,

Intraocular Lens, Eye Drops, Others), By Coating (Anti-Glare, UV coating, Others), By Lens Material (Normal Glass, Polycarbonate,

Trivex, Others), By Distribution channel (Retail stores, E-commerce, Clinics, Hospitals), By Region, Forecast & Opportunities,

2026F”, Global Eye Care Market is forecast to grow at CAGR of 6.31% in value terms to reach USD75.61 billion by 2026F.

Increasing demand for eyeglasses and lenses has been generated from the country’s rising children and geriatric population.

Growing awareness towards eye health and increasing prevalence of various eye disorders, furthermore, increasing usage of

electronic devices such as smartphones have led to various eye related disorders, which is propelling the Global Eye Care Market.

Advent of innovative technologies in the eye care industry has enabled manufacturers to launch new products, which is expected to

drive market growth in the coming years. Moreover, initiatives taken by governments and various health organizations to spread

awareness about eye care are providing major boost for the market growth. The growing geriatric population base is also acting as a

key factor for the growth of the eye care market as they are highly prone to one or more vision related disorders and diseases.

The value share of contact lenses is anticipated to reach up to 21.23% by 2026F, owing to the continuous launch of innovative

products and rising disposable incomes. Major companies operating in the Global Eye Care Market include Alcon Inc, Allergan Inc,

Essilor Luxottica SA, Johnson and Johnson, Hoya Corporation, Bausch and Lomb Inc, F. Hoffmann-La Roche AG, Carl Zeiss Meditec

AG, CopperVision Inc, Menicon Co Ltd., Pfizer Inc., Novartis AG, Merc & Co. Inc, Interojo Inc, and Avizor SA, among others. The

market players are working on strategic collaborations to increase their global reach. They are also investing in R&D activities to

launch new and innovative eye care products into the market.

In terms of distribution channel, e-commerce segment is expected to dominate the market during the forecast period as they offer a

variety of eye care products to choose from and some of them also offer products at a discounted price. Some of these e-commerce

sites are also introducing online testing, where one can check the status of their eyes and take professional advice.

North America is a key market for eye care products owing to the early technological advancements in the eye care industry.

Additionally, increasing expenditure by governments in countries such as United States and Canada on healthcare is acting as a

major booster for market growth in the region. However, the rising prevalence of various eye disorders in Asia-Pacific is expected to

make the region a lucrative market for the eye care industry over the coming years,” said Mr. Karan Chechi, Research Director with

TechSci Research, a research based global management consulting firm.

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Global Eye Care Market Size, By Value (USD Million), 2016-2026F

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2016 2020 2021E 2026F

By Value (USD Million)CAGR BY VALUE: XX% CAGR BY VALUE: XX%

North America Eye Care Market Share, By Product Type, By Value, 2016–2026F

20%20%

20%

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2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Eyeglasses Contact Lens Intraocular Lens Eye Drops Others

United States Eye Care Market Share, By Coating, By Value, 2016–2026F

50%50%50%50%50%50%50%50%50%50%50%

30%30%30%30%30%30%30%30%30%30%30%

20%20%20%20%20%20%20%20%20%20%20%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Anti-Glare UV coating Others

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Report Name: GLOBAL EYE CARE MARKET

FORECAST & OPPORTUNITIES

2016 – 2026

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas

to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting

models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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• Asia Pacific Eye Care Market By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Others), By Coating (Anti-Glare, Anti reflecting,

Others), By Lens Material (Normal Glass, Polycarbonate, Trivex, Others), By End User (Hospitals, Specialty Clinics, Others), By Country, Forecast &

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or

complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results

obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together

with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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