• Blog
  • Eye Care Products Market Report

    Eye Care Products Market Report

    Eye Care Products Market Report
    Report code - SRHL299 Delivery - 2 Weeks
    Get Free Sample |
    Play Audio
    Listen
    Global Eye Care Products Market, Dynamics, and Market Analysis
    See more...

    Impact of COVID-19 on Eye Care Products Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Eye Care Products Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Eye Care Products Market is estimated to grow from USD 61.3 million in 2020 to USD 79.9 million by 2026 at a healthy CAGR of 4.6% during the forecast period.

    Figure: Global Eye Care Products Market Size, 2020-2026 (USD Million)

    Eye-Care-Products-Market-Forecast

    Wish to get a free sample report? Click here.

    What are Eye care products?

    Eye care products are defined as products that are used to treat various eye disorders. Some of the commonly used eye products include ointments or emollients, eyewashes, hyperosmotic, eyelid scrubs, and others. These products are easily available over the counter. The eyes are considered the most sensitive organs of the human body and thus, proper eye care is required.

    Key Players

    Key players operating in the global Eye Care Products market are-

    • Allergan, Inc. (The U.S),
    • Accutome Inc. (The U.S),
    • Prestige Consumer Healthcare Inc. (The U.S),
    • Bausch & Lomb Incorporated (The U.S),
    • Croda International plc (UK),
    • Akorn Consumer Health (The U.S),
    • Shire US Inc. (The U.S),
    • Scope Ophthalmics Ltd. (Ireland),
    • VISUfarma B.V. (Netherlands),
    • Novartis International AG (Switzerland), and
    • Precision Lens (The U.S).

    Market Dynamics

    The global market growth is primarily driven by increasing incidences of eye disorders and allergies due to factors such as pollution, prolonged use of devices such as smartphones and laptops, insomnia, and changing lifestyles.

    • Expanding the geriatric population across geographies is expected to propel market growth at a significant rate during the review period.
    • Additionally, increasing demand for more advanced and high-quality products is likely to create lucrative opportunities for the market players during the review period.
    • However, side effects of the common medications are likely to affect the market growth.

    Segment Analysis

    Application Trends

    Based on application, the market has been divided into online pharmacy, retail pharmacy, and hospital pharmacy.

    • The retail pharmacy segment accounted for a substantial market share in 2020.
    • The segment growth can be attributed to the easy availability of eye care products in retail pharmacy stores.
    • The online pharmacy segment is projected to register healthy growth during the review period owing to increasing consumer preference towards online shopping.

    Regional Trends

    The market in North America accounted for the largest share in 2020.

    • The regional market growth can be attributed to the increasing geriatric populace and the presence of established healthcare infrastructure.
    • The market in the Asia-Pacific region is projected to register a healthy growth rate on account of increasing healthcare spending and the rapidly growing medical tourism industry.

    COVID-19 Impact on Global Eye Care Products Market

    The covid-19 outbreak posed significant challenges on the health care system across geographies. It affected the growth of the eye care products market negatively for a short period of time due to imposition of lockdown as it resulted in trade restriction and supply chain disruption. Additionally, various retail stores were closed to prevent the spread use of coronavirus and thus, affected the market growth.

    Critical Questions Answered in the Report

    • What are the key trends in the global Eye Care Products market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on global Eye Care Products market?
    • What are the key strategies adopted by the major vendors to lead in the global Eye Care Products market?
    • What is the market share of the top vendors?

    Wish to learn more about this report? Register Here

    Target Audience

    Here is the list of the group of customers that the Global Eye care product market hopes to have the greatest opportunity to convert-

    • Eye care products distributors
    • Eye care products suppliers
    • Eye care products manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The eye care products market is expected to witness an impressive growth of 4.6% CAGR in the foreseeable future.

    Allergan, Inc. (The U.S), Accutome Inc. (The U.S), Prestige Consumer Healthcare Inc. (The U.S), Bausch & Lomb Incorporated (The U.S), Croda International plc (UK), Akorn Consumer Health (The U.S), Shire US Inc. (The U.S), Scope Ophthalmics Ltd. (Ireland), VISUfarma B.V. (Netherlands), Novartis International AG (Switzerland) and Precision Lens (The U.S) are among the key players in the eye care products market.

    The eye care products market size is expected to reach USD 79.9 million in the coming years.

    North America accounted for the largest share in the eye care products market in 2020.

    Increasing incidences of eye disorders and allergies due to factors such as pollution, prolonged use of devices such as smartphones and laptops, insomnia, and changing lifestyles is the prime factor driving the growth of eye care products market.

    Eye care products distributors, Eye care products suppliers, Eye care products manufacturers, Logistics organizations, Government bodies are eye care products market.

    •