United States Eye Care Market to grow at a Significant Rate through 2026
Rising number of chronic conditions along with unhealthy diet is expected to drive the United States eye care market for the forecast period.
According to TechSci Research report, “United States Eye Care Market By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Eye Vitamins, Others) By Coating (Anti-Glare, UV, Others) By Lens Material (Normal Glass, Polycarbonate, Trivex, Others) By Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals) By Company, By Region, Forecast & Opportunities, 2026”, United States eye care market is expected to witness significant growth for the next five years. Eye care is a diverse market which includes product such as intraocular lens, contact lens, spectacles, sunglasses, among others. High awareness for ocular diseases and favorable government policies supporting the cataract surgeries is fueling the market for eye care in United States. Correction of eye problems which are responsible for decreasing the vision capacity is a huge market for the eye care products. High penetration of internet services and proliferation of smart devices is increasing the time spend by watching these screens is lowering the vision and causing redness and irritation problems in the eyes. Eye care is generally done by healthcare professionals comprising of ophthalmologists, optometrists, and opticians. Ophthalmologists are responsible for overall care of patients and optometrists examines the eye condition and prescribes for glasses or contacts. Opticians manufacture and sell corrective lenses depending upon the need and prescriptions written by ophthalmologist and optometrists. Laser surgery is operated on patients who do not want any glasses or contact lenses and the demand for laser surgeries is on rise. Rising pollution levels and adoption if sedentary lifestyle is also responsible for negative effects on the eyes of residents of United States. Manufacturers are developing and launching new products such as production of pills, ointments, drops and vitamins which is creating huge market for the eye care products in United States.
The COVID-19 outbreak across the world which has been declared as pandemic by World Health Organization has affected countries adversely. Leading authorities in United States imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus affected patients started suffering from shortness of breath along with coughing and sneezing. United States authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. The demand for critical care devices increased during this period. Restriction was imposed on export and import, and manufacturing units could continue production with lower volume. Eye care market suffered a hit as it non-essential service and consumers were focusing on essential services. However, after this period the eye care market is expected to pick up the pace eventually.
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United States eye care market is segmented into product type, coating, lens material, distribution channel, regional distribution, and company. Based on product type, market is further divided into eyeglasses, contact lens, intraocular lens, eye drops, eye vitamins and others. The eyeglasses segment is expected to dominate the eye care market for the predicted period, 2022-2026. Manufacturers of eye care products are increasing the range of products available to consumers which can also be personalised according to consumer requirements is surging the growth of the eye care market in United States. Rise in occurrence of ocular diseases and presence of major eye care players in the region are contributing to the growth of the eye care market for the next five years.
Bausch Health Companies, Inc., Alcon, Inc., Johnson & Johnson, CooperVision, Inc., EssilorLuxottica Group, AbbVie Inc., Carl Zeiss, Inc., Novartis USA, Pfizer Inc., Menicon America Inc. are the leading players operating in United States eye care market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several eye care manufacturers are coming up with their technologically advanced offerings.
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“Manufacturers are preferring online platforms to sell eye care products as it is widens the market reach of eye care products and offer lucrative offers and discounts to attract consumers for purchasing through online platforms and adopt marketing strategies and social media campaigns by hiring celebrities and well-known influencers which is creating tremendous opportunities for the growth of the eye care market. Insurance cover on eyecare expenses along with increasing prevalence of eye disorders is expected to propel the United States of eye care market growth until 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Eye Care Market By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Eye Vitamins, Others) By Coating (Anti-Glare, UV, Others) By Lens Material (Normal Glass, Polycarbonate, Trivex, Others) By Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals) By Company, By Region, Forecast & Opportunities, 2026” has evaluated the future growth potential of United States eye care market and provided statistics & information on market size, shares, 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 the of United States eye care market.
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