Vision Disorders Market Regulatory Changes Create A Substantial Opportunity For The Elimination Of Avoidable Blindness
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According to the latest market research report “Vision Disorders Market: Product type (Eye glasses, Contact lens, Intraocular lens and Others); Geography: North America, Europe, Asia-Pacific and Rest of the World)-Forecast (2017-2025)”, published by IndustryARC, estimates continue to grow in future.
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The Vision Disorders Market is defined as the prevention or minimization of threats to the eye or visual integrity. Vision loss deals with both vision and eye problems, and corrects refractive errors by prescription eyeglasses and contact lenses.
With growing eye health technology and population addicted to the digital world, Vision Disorders Market products are expected to grow in quality and quantity in the coming years.
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High investments from leading players of the market and constant research for improving the manufacture and supply process of eyeglasses, lenses, and other eye wear is clearly encouraging the sales in the market.
Scope & Regional Forecast of the Vision Disorders Market
Rapidly ageing population in the most developed consumer health markets, rising prevalence of allergies, increasing exposure to computer or digital screens, changing lifestyle habits, and side effects of most commonly used medications such as dry eyes, age-related muscular degeneration and allergic eyes are the key driving factors for the growth of vision disorders market. According to WHO statistics, in 2014 there were almost 285 million people are estimated to be visually impaired worldwide in which 39 million are blind and 246 have low vision.
About 90% of the world’s visually diminished live in low-income settings, 82% of people living with blindness are aged 50 and above.
In addition, increasing eye sights disorder in children, rise in innovative customer-centric products, and increasing optical network is further expected to propel this market in the coming years. This is predominate due to increased healthcare awareness, mandate health insurance, technological advancements and growing awareness among the population about the treatment options available in the market.
Vision Disorders Market, the growth of the North America vision care market is primarily driven by increasing incidence of chronic diseases and a rise in the ageing population prone to eye disorders such as cataracts, glaucoma,. The spread of hyperopia disorder is increasing at a significant rate in the elderly population.
Around 50% of people aged above 65 years in the U.S. are suffering from hyperopic conditions.
In addition, favorable reimbursement policies and increasing government support is expected to fuel market growth over the forecast period.
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Segmentations & Key Players Involved in the Vision Disorders Market
The Vision Disorders Market can be broken down into various segmentations on the basis of -
Product type: Eye glasses, Contact lens, Intraocular lens and Others
Geography: North America, Europe, Asia-Pacific and Rest of the World
Some of the key players involved in the Vision Disorders Market are as follows:
Valeant Pharmaceuticals International Inc.
The Cooper Companies Inc.
Luxottica Group S.p.A.
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Why access this report?
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for an eight year period of 2017 - 2025, to assess how the market will develop.
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