The Global Vision Care Devices And Equipment Market Report by The Business Research Company covers vision care devices and equipment market drivers and restraints, vision care devices and equipment market size, major players, and the impact of COVID-19 on the vision care devices and equipment market.
The vision care devices and equipment market consists of sales of vision care devices and equipment which are used to treat eye vision problems. These devices include contact lenses and spectacles.
Rising use of electronic devices is a continuous driver for the growth of vision care devices and equipment market. Usage of laptops, mobiles, PCs and others electronic devices has increased in the day-to-day life, which is the major factor responsible for eye-related problems. According to a survey by Deloitte, Americans collectively check their phones over 8 billion times per day. On an average, every person spends about five hours daily browsing the internet and using apps.
The global vision care devices and equipment market is expected to grow from $23.41 billion in 2020 to $26.54 billion in 2021 at a compound annual growth rate (CAGR) of 13.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $32.95 billion in 2025 at a CAGR of 5.6%.
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Some vision care devices and equipment market trends include technological advancement in vision care devices totally transformed the eye care. Vision technology has witnessed some great scientific breakthroughs and innovation in the past few years and these advances are rapidly changing the future of those with chronic eye conditions. The innovation includes DriveSafe lenses with anti-glare coating to help with poor driving conditions, photochromic contact lenses that blocks sun’s harmful UV rays, and blue light blocking glasses among others. Major companies such as Johnson & Johnson Vision have invested in adaptive lenses.
Global vision care devices and equipment market segments include:
1) By Type: Intraocular Lens, Ophthalmic Lasers, Glaucoma Drainage Devices, Contact Lenses, Others.
2) By End User: Vision Care, Diagnosis, Surgery.
3) By End User: Hospitals, Ambulatory Surgery Centers, Optical Centers, Others.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Vision Care Devices And Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides vision care devices and equipment market overviews, analyzes and forecasts market size, share, vision care devices and equipment market players, vision care devices and equipment market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The vision care devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Vision Care Devices And Equipment Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Essilor, Johnson & Johnson, ZEISS, The Cooper Companies, Novartis, Bausch & Lomb, Nidek Co., Ltd, Valeant Pharmaceuticals, Luxottica GROUP, Escalon, Tomey Corporation, CIBA Vision Corporation, Visionix, Potec, Escalon, LuxVision, Heine Optotechnik, Luneau Technology, Heidelberg Engineering GmBH, Huvitz, STAAR Surgical Company, Swiss Advanced Vision, Visioneering Technologies, Rayner Intraocular Lenses, JiangSu HongChen Optical, JiangSu HongChen Optical.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Vision Care Devices And Equipment Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Vision Care Devices And Equipment Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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