Report Code: A15381 | Pages: NA | Mar 2023 | 839 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Vision Care Market
Request Now !The eye is a vital element of the body that provides vision and aids in the processing of visual details. Vision care includes the care and treatment of the eyes, as well as eye disorders and the vision. Vision care goods range from contact lenses to eyeglass lenses, frames to sunglasses.
Blindness, allergies, color blindness, sties, eye diseases such as glaucoma and macular degeneration (AMD), surgical procedures such as cataract surgery, cornea transplant, and vision problems such as astigmatism, blurry vision, hyperopia, and myopia are all covered under the framework of vision care. Obesity or being overweight increases your chances of developing diabetes. Diabetes increases the risk of developing diabetic retinopathy. Some eye disorders are inherited, so it's critical to find out if anyone in the family has had them.
COVID-19 Impact Analysis
There has been an increase in demand for medical supplies to take care of the population that is infected by the COVID-9 virus. Respiratory support devices such as atomizers, life-support machines, oxygen generators, and monitors are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies such as personal protective equipment including masks, gloves, and protective eyeglasses. There is an increase in the need for medical supplies, both from healthcare professionals and the civil population for precautionary measures, owing to the rise in several COVID-19 cases globally. Manufacturers of these products have a chance to capitalize on this increase in demand for medical supplies to ensure an adequate and continuous supply of personal protective equipment in the market. Therefore, COVID-19 is expected to have a significant impact on the global vision care market.
Top Impacting Factors
New Product Launches to Flourish Vision Care Market
In August 2019, CooperVision launched a soft contact lens recycling program in partnership with TerraCycle to increase its sustainability efforts.
In August 2019, the United States Food and Drug Administration (U.S FDA) approved CooperVision's Paragon contact lens manufacturing site in Phoenix, U.S.
In April 2021, Johnson & Johnson Vision, a global leader in eye health and part of the Johnson & Johnson Medical Devices Companies, announced a global strategic collaboration with Menicon, a leading manufacturer of innovative contact lenses. The collaboration is part of a broader commitment from Johnson & Johnson Vision to lead with science and help reshape the future of myopia – and bring forward a novel portfolio of products and services to manage the progression of myopia in children.
The global incidence of cataract cases is increasing, which is expected to boost the intraocular lens segment. According to many published research articles, India and the U.S. are among the top countries in terms of the number of cataract procedures conducted each year. This is expected to have a favorable impact on the use of intraocular lenses in eye care products. Cataracts are responsible for 51% of global blindness, according to the World Health Organization (WHO).
The prevalence of cataract patients increases as the senior population grows. As a result, the global vision care market is expected to benefit during the forecast period.
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Key Benefits of Report
Questions Answered in Vision Care Market Report
Vision Care Market Report Highlights
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Key Market Players | CooperVision, Essilor, Johnson & Johnson Vision Care, Inc., LUXOTTICA GROUP, Novartis AG, Bausch & Lomb Incorporated, Menicon Co., Ltd., Carl Zeiss AG, EssilorLuxottica, Zydus Cadila., Rayner Intraocular Lenses Limited., GrandVision, Blanchard Lab, CHEMIGLAS CORP, Fielmann AG, HOYA VISION CARE COMPANY, RODENSTOCK GMBH, SEIKO OPTICAL PRODUCTS CO., LTD., Shanghai Conant Optics Co., Ltd., SynergEyes. |
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