Eye Care Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type, By Eye Drops, By Coating, By Lens Material, By Distribution Channel, By Region and Competition, 2020-2030F
Global Eye Care Market has valued at USD 67.71 Billion in 2024 and is anticipated to project impressive growth in the forecast period with a CAGR of 6.07% through 2030F. The eye is an integral component of the human body, facilitating vision and aiding in the processing of visual information. Eye care encompasses various treatments and interventions aimed at addressing vision issues. For instance, according to WHO statistics published in 2023, approximately 2.2 billion people globally experience vision impairment, with an estimated 1.09 billion cases of presbyopia among middle-aged and older adults. This rising prevalence highlights a growing need for vision care products and services, driving increased demand in the global eye care market to address age-related and general visual health issues.
Market Overview
Forecast Period
2026-2030
Market Size 2024
USD 67.71 Billion
Market Size 2030
USD 95.65 Billion
CAGR 2025-2030
6.07%
Fastest Growing Segment
Prescription
Largest Market
North America
Eye care products encompass a wide range, including contact lenses, eyeglass lenses and frames, and sunglasses. Eye care is a comprehensive term encompassing diverse processes that contribute to maintaining healthy and functional eyes. The primary objective of regular eye care is to ensure individuals achieve optimal visual acuity. A comprehensive eye health strategy entails elements such as education, regular health maintenance, and personalized care plans to address any vision concerns. The eye care encompasses surgical interventions to rectify visual impairments, with laser-assisted in situ keratomileusis (LASIK) surgery being a notable innovation in this field. While surgery may eliminate the need for corrective lenses in certain cases, it is important to note that not everyone requires vision correction.
Key Market Drivers
High Prevalence of Cataracts Diseases
As cataracts continue to become increasingly prevalent worldwide, the market for cataract treatment and eye care is poised to witness substantial growth in the coming years. The rising incidence of cataracts has led to a surge in demand for vision correction and eye health services, further contributing to the expansion of the industry. The anticipated increase in the prevalence of various eye diseases is expected to serve as a critical driving factor for the market's growth.
Due to the high prevalence of cataract diseases, cataract surgery has become the most commonly performed surgical procedure worldwide, with approximately 28 million operations conducted annually. However, only 10%-15% of patients receive advanced optical intraocular lenses (IOLs) designed to correct astigmatism and presbyopia, indicating a significant gap in the adoption of premium vision-enhancing solutions despite the widespread need. This emerging trend underscores the utmost importance of addressing the growing need for not only effective cataract treatments but also comprehensive eye care solutions to meet the evolving demands of patients on a global scale. By staying at the forefront of research and innovation, healthcare providers and industry stakeholders can better equip themselves to cater to the diverse needs of individuals affected by cataracts and various other vision-related conditions. This holistic approach will not only enhance the quality of life for patients but also foster advancements in the field of ophthalmology, ultimately improving the overall eye health of populations worldwide.
Key Market Challenges
Limitations In Eye care Products
One of the key factors that hampers the growth of the eye care market is the limitations in eye care products. While contact lenses offer convenience, they can sometimes cause irritation to the eyes, especially for individuals with sensitive eyes. If contact lenses are not properly cleaned or worn for extended periods, they can lead to medical conditions such as keratitis. Another aspect to consider is the cost, as daily disposable contact lenses can be more expensive compared to purchasing a regular pair of glasses. These factors, coupled with contact lens-related discomfort, may even prompt individuals to explore vision correction surgery as an alternative. It is important to acknowledge these limitations as they have the potential to hinder the market's growth during the forecast period.
Key Market Trends
Frequent Innovative Product Launches
Frequent innovative product launches is one of the key eye care market trends contributing to market growth. This trend is driven by the increasing demand for advanced treatment options and high-quality eye care products. With the growing awareness among consumers about the importance of eye health, the market has witnessed a surge in the number of product launches aimed at providing innovative solutions for various vision-related issues.
Typically, the increased frequency of product launches rises the interest levels of prospective consumers who tend to follow market innovations for optimum treatment or required products. For instance, in June 2021, Johnson and Johnson, a leading player in the eye care market, launched the Tecnis Synergy Toric II IOL. These advanced PC-IOLs are specifically designed for cataract patients, offering enhanced near vision and improved continuous vision. By addressing the specific needs of cataract patients, this new product has garnered significant attention and positive reviews from both patients and healthcare professionals. Such cumulative product launches not only meet the evolving needs of consumers but also generate significant consumer interest, which in turn increases the revenue of the global eye care market during the forecast period. As the market continues to witness advancements in technology and innovation, the future outlook for the eye care industry appears promising, with a wide range of innovative products expected to be introduced to address the diverse needs of consumers worldwide.
Report Scope:
In this report, the Global Eye Care Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Eye Care Market, By Product Type:
Eyeglasses
Eye Drops
Contact Lens
Intraocular Lens
Eye Vitamins
Others
Eye Care Market, By Eye Drops:
Prescription
Over The Counter
Eye Care Market, By Coating:
Anti-Glare
UV Coating
Others
Eye Care Market, By Lens Material:
Polycarbonate
Normal Glass
Trivex
Others
Eye Care Market, By Distribution Channel:
Retail Stores
E-commerce
Clinics
Hospitals
Eye Care Market, By Region:
North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia-Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Eye Care Market.
Available Customizations:
Global Eye Care market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validations
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Eye Care Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product Type (Eyeglasses, Eye Drops, Contact Lens, Intraocular Lens, Eye Vitamins, Others)
5.2.2. By Eye Drops (Prescription and Over The Counter)
5.2.3. By Coating (Anti-Glare, UV Coating, Others)
5.2.4. By Lens Material (Polycarbonate, Normal Glass, Trivex, Others)
5.2.5. By Distribution Channel (Retail Stores, E-commerce, Clinics, Hospitals)
5.2.6. By Region
5.2.7. By Company (2024)
5.3. Market Map
6. North America Eye Care Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product Type
6.2.2. By Eye Drops
6.2.3. By Coating
6.2.4. By Lens Material
6.2.5. By Distribution Channel
6.2.6. By Country
6.3. North America: Country Analysis
6.3.1. United States Eye Care Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Product Type
6.3.1.2.2. By Eye Drops
6.3.1.2.3. By Coating
6.3.1.2.4. By Lens Material
6.3.1.2.5. By Distribution Channel
6.3.2. Canada Eye Care Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Product Type
6.3.2.2.2. By Eye Drops
6.3.2.2.3. By Coating
6.3.2.2.4. By Lens Material
6.3.2.2.5. By Distribution Channel
6.3.3. Mexico Eye Care Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Product Type
6.3.3.2.2. By Eye Drops
6.3.3.2.3. By Coating
6.3.3.2.4. By Lens Material
6.3.3.2.5. By Distribution Channel
7. Europe Eye Care Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product Type
7.2.2. By Eye Drops
7.2.3. By Coating
7.2.4. By Lens Material
7.2.5. By Distribution Channel
7.2.6. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Eye Care Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product Type
7.3.1.2.2. By Eye Drops
7.3.1.2.3. By Coating
7.3.1.2.4. By Lens Material
7.3.1.2.5. By Distribution Channel
7.3.2. United Kingdom Eye Care Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product Type
7.3.2.2.2. By Eye Drops
7.3.2.2.3. By Coating
7.3.2.2.4. By Lens Material
7.3.2.2.5. By Distribution Channel
7.3.3. Italy Eye Care Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecasty
7.3.3.2.1. By Product Type
7.3.3.2.2. By Eye Drops
7.3.3.2.3. By Coating
7.3.3.2.4. By Lens Material
7.3.3.2.5. By Distribution Channel
7.3.4. France Eye Care Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Product Type
7.3.4.2.2. By Eye Drops
7.3.4.2.3. By Coating
7.3.4.2.4. By Lens Material
7.3.4.2.5. By Distribution Channel
7.3.5. Spain Eye Care Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Product Type
7.3.5.2.2. By Eye Drops
7.3.5.2.3. By Coating
7.3.5.2.4. By Lens Material
7.3.5.2.5. By Distribution Channel
8. Asia-Pacific Eye Care Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product Type
8.2.2. By Eye Drops
8.2.3. By Coating
8.2.4. By Lens Material
8.2.5. By Distribution Channel
8.2.6. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Eye Care Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product Type
8.3.1.2.2. By Eye Drops
8.3.1.2.3. By Coating
8.3.1.2.4. By Lens Material
8.3.1.2.5. By Distribution Channel
8.3.2. Japan Eye Care Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product Type
8.3.2.2.2. By Eye Drops
8.3.2.2.3. By Coating
8.3.2.2.4. By Lens Material
8.3.2.2.5. By Distribution Channel
8.3.3. South Korea Eye Care Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product Type
8.3.3.2.2. By Eye Drops
8.3.3.2.3. By Coating
8.3.3.2.4. By Lens Material
8.3.3.2.5. By Distribution Channel
8.3.4. Australia Eye Care Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Product Type
8.3.4.2.2. By Eye Drops
8.3.4.2.3. By Coating
8.3.4.2.4. By Lens Material
8.3.4.2.5. By Distribution Channel
8.3.5. South Korea Eye Care Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Product Type
8.3.5.2.2. By Eye Drops
8.3.5.2.3. By Coating
8.3.5.2.4. By Lens Material
8.3.5.2.5. By Distribution Channel
9. South America Eye Care Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product Type
9.2.2. By Eye Drops
9.2.3. By Coating
9.2.4. By Lens Material
9.2.5. By Distribution Channel
9.2.6. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Eye Care Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product Type
9.3.1.2.2. By Eye Drops
9.3.1.2.3. By Coating
9.3.1.2.4. By Lens Material
9.3.1.2.5. By Distribution Channel
9.3.2. Argentina Eye Care Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product Type
9.3.2.2.2. By Eye Drops
9.3.2.2.3. By Coating
9.3.2.2.4. By Lens Material
9.3.2.2.5. By Distribution Channel
9.3.3. Colombia Eye Care Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product Type
9.3.3.2.2. By Eye Drops
9.3.3.2.3. By Coating
9.3.3.2.4. By Lens Material
9.3.3.2.5. By Distribution Channel
10. Middle East and Africa Eye Care Market Outlook