Vision Care Market: VISION 2020 Initiative Boosts Stakeholders amid Growing Concern of Vision Impairment

Published on : Feb 08, 2019

Albany, New York, February 8, 2019:  According to WHO, vision impairment is one of the major global issues as more than 1 billion people live with near vision or some sort of distance impairment. Getting eyeglasses prescriptions is specifically hard in developing countries given optometrists are located in urban areas and patients from rural areas get deprived of corrective treatment , as a result, people suffer from uncorrected impairments. WHO warns uncorrected impairments could lead to learning difficulties, impaired quality of life and lost finances and employment opportunities.

These introductory insights are according to the report titled, “Vision Care Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” which has been lately covered in the ever expanding repository of Market Research Hub (MRH). Augmented use of digital devices have further led to vision related issues.

VISION 2020 initiative has been a major booster to the stakeholders in vision care market. Collaborations with various countries for VISION 2020 is expected to orchestrate development of eye care delivery infrastructure.

Rising number of ophthalmologists and optometrists has also fueled the vision care market, for instance, Thailand aims to provide more than 600 optometrists to meet international standards and minimal public demands in vision care. Many challenges confront the growth of vision care market. Though ageing population opt for spectacles as compared to contact lens, the latter is becoming popular which is likely to act as impediment in the growth of market for vision care.

Vision Care Market: Report Content

The report offers qualitative and quantitative assessment on the vision care market for the forecast period 2018-2026. The report also gives insights on the drivers, restraints, trends and opportunities having significant influence in the growth of vision care market. The segmentation of the market elucidates a holistic view of the vision care market. The market is segregated with respect to product type, type, distribution channel and region.

The report starts with the executive summary for different categories along with their shares in the market. The report also includes market overview section which gives actionable insights on market taxonomy and supply chain. The overview section also elucidates macro-economic factors along with opportunity analysis and technology evolution. The report also includes assessment on consumer behavior analysis and payer mix analysis.

The final section of the vision care market incorporates competitive landscape with a dashboard view. The section embodies company overview, financial overview, revenue shares, key differentiators, product portfolio, recent development and strategies. A few of the companies profiled in the report are Safilo Group, CooperVision and Johnson & Johnson, Bausch and Lomb (acquired by Valeant Pharmaceuticals) and ZEISS International, among others.

Vision Care Market: Research Methodology

The qualitative and quantitative information in this report has been obtained through secondary sources, primary sources and assessment from expert panel. Secondary sources in the report embodies annual reports, stakeholders’ presentation, government documentation, SEC filings, and World Bank database and market reports.  Primary resources in this report incorporates e-mail interactions, telephonic interviews, and reviews of vision care market. Expert panel assesses the report on vision care market to offer readers with actionable insights. The segments have been assessed on the basis of basis point share (BPS) to analyze the impact of segments on growth of the market. 

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