Eye Care Products Market Report
The report on the Global Eye Care Products Market is segmented By Type (Ointments or Emollients, Eye Washes, Hyperosmotic, Eyelid Scrubs, Others), By Form (Cream, Solution, Others), By Application (Online Pharmacy, Retail Pharmacy, Hospital Pharmacy), and Region. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Eye Care Products market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The report on the Global Eye Care Products Market is segmented By Type (Ointments or Emollients, Eye Washes, Hyperosmotic, Eyelid Scrubs, Others), By Form (Cream, Solution, Others), By Application (Online Pharmacy, Retail Pharmacy, Hospital Pharmacy), and Region....
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.
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)
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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 operating in the global Eye Care Products market are-
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.
Based on application, the market has been divided into online pharmacy, retail pharmacy, and hospital pharmacy.
The market in North America accounted for the largest share in 2020.
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.
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Here is the list of the group of customers that the Global Eye care product market hopes to have the greatest opportunity to convert-
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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.