IMARC Group, a leading market research company, has recently releases report titled “North America Vision Care Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the North America vision care market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the North America vision care market?
The North America vision care market size reached US$ 27.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.5 Billion by 2028, exhibiting a growth rate (CAGR) of 3.1% during 2023-2028.
What are vision care?
Vision care represents methods or products that are utilized for maintaining the functioning and quality of the eyes in the human body. Their products usually include glass lenses, contact lenses, contact solutions, LASIK equipment, intraocular lenses, artificial tears, etc. Vision care treatment involves drops, pills, surgeries, ointments, etc. It enables individuals to communicate and work with each other more effectively. Vision care is also essential for performing everyday activities, such as writing, viewing, watching television (TV), reading, etc., efficiently without any problem.
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What are the growth prospects and trends in the North America vision care industry?
The growing number of patients who are suffering from conjunctivitis, refractive errors, color blindness, amblyopia, cataracts, glaucoma, astigmatism, dry eye, and retinal detachment is primarily driving the North America vision care market. Additionally, the expanding geriatric population and the rising prevalence of optical issues, owing to the unhealthy lifestyles of individuals and the increasing adoption of electronic devices, such as mobiles and laptops, are further bolstering the market growth. Besides this, the inflating need for vision care that involves the use of various medicines, including capsules, is acting as another significant growth-inducing factor. Moreover, the escalating demand for non-deferrable surgery to prevent blindness is positively influencing the regional market. Apart from this, the introduction of enhanced vision care products that are commonly available via clinics, retail, hospitals, online stores, etc., is also stimulating the market growth. Furthermore, the elevating usage of glass lenses, as they provide high refractive indices, high scratch resistance, fewer color fringes, etc., is anticipated to fuel the North America vision care market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Key Regions Analysed
- United States
- Canada
- Mexico
Analysis for Each Country
Market by Product Type
- Glass Lenses
- Contact Lenses
- Intraocular Lenses
- Contact Solutions
- Lasik Equipment
- Artificial Tears
Market by Distribution Channel
- Retail Stores
- Online Stores
- Clinics
- Hospitals
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