Excessive use of electronic devices leading to eye disorders to drive India vision care market
According to TechSci Research report, “India Vision Care Market By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Others), By Coating (Anti-Glare, Anti reflecting, Others), Lens Material (Normal Glass, Polycarbonate, Trivex, Others), By Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals), By Region, Forecast & Opportunities, 2025”, India vision care market is expected to grow at a substantial rate during the forecast period owing to the factors such as increasing geriatric population which are more susceptible to eye diseases and technological advances in eye care devices. The number of vision ailments, such as cataract, glaucoma, conjunctivitis and retinal detachment, has significantly increased over the past few years due to sedentary lifestyles and rising pollution levels. In order to prevent these diseases, regular vision tests are a necessity. This in turn, has led to the development and production of various medicines in the form of pills, ointments and drops. With the advent of advanced technologies, there has been an improvement in the prevention of visual impairments. Treatments such as gene therapy, computerized eye evaluations and stem cell therapy have proven to be effective measures in the vision care industry.
Due to the rising prevalence of vision disorders, government and non-government organizations across the globe, especially in developing regions, have been undertaking initiatives to spread awareness about the availability of appropriate treatments and therapies. According to World Health Organization report from 2019, there are atleast 2.2 billion people with blindness or vision impairment globally. India contributes nearly one fifth to the global blindness burden. The country is trying to improve its vision care sector and both private and public sectors are making tremendous strides in recent years.
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India vision care market is segmented based on product type, coating, lens material, distribution channel, region and company. Based on type, the vision care market is segmented into eyeglasses, contact lens, intraocular lens and others. Eyeglasses led the market in 2019 and contact lens is anticipated to grow at the highest rate through 2025 as young population has formed a huge consumer base for contact lenses. Also, increasing disposable incomes along with rise in health consciousness are expected to drive the vision care market during the forecast years.
Based on lens material, the vision care market is further segmented into normal glass, polycarbonate, trivex and others. Earlier, all eyeglass lenses were made normal glass but with the advent of technology, now there are different types of lenses available in the market. Additionally, people also look for designer frames which can make them look presentable. All these factors are expected to fuel growth of vision care market in India.
Major players operating in the Indian vision care market include Luxottica India Eyewear Pvt Ltd., GKB Rx Lens Pvt. Ltd., Essilor India Private Limited, Carl Zeiss India Pvt Ltd., Bausch & Lomb India Private Limited, Titan Industries Ltd., Auro Laboratories Ltd. and Johnson & Johnson Private Limited, etc. Emerging online markets and continuous innovation in vision care products have created the opportunities for the future development of the market.
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“India is considered as an emerging market for vision care products due to increasing incidences of eye problems such as cataract, conjunctivitis, among others and developing technologies. Efforts from government and international agencies such as National Programme for Control of Blindness and Visual Impairment ( NPCB&VI) and India Vision Institute to raise awareness for eye health and to address vision-related problems is anticipated to have positive impact over the growth of the India vision care market through 2025.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Vision Care Market By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Others), By Coating (Anti-Glare, Anti reflecting, Others), Lens Material (Normal Glass, Polycarbonate, Trivex, Others), By Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals), By Region, Forecast & Opportunities, 2025” has evaluated the future growth potential of vision care market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India vision care market.
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