US Vision Care Market Analysis


  • Type: Service area
  • Published : December 2021
  • Region: North America
  • Country: US
  • Report ID : 4987

  • Format: PPT, PDF

US Vision Care: Segmented by Product, Procedure, Application and End users – Growth, Market Size, Future Prospects & Competitive Analysis, 2020 – 2028

SKU: 4987 Categories: ,

Report Description of the Vision Care Market

Research Scope and Assumption

  • The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
  • The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
  • We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
  • All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
  • Inflation has not been accounted for in order to estimate and forecast the market
  • Numbers may not add up due to rounding off

Research Objective:

  • To analyze and forecast the market size of US Vision Care market
  • To classify and forecast US Vision Care market based on application, drugs, project type, and application.
  • To identify drivers and challenges for US Vision Care market
  • To examine competitive developments such as mergers and acquisitions, agreements, collaborations and partnerships, etc., in US Vision Care market
  • To conduct pricing analysis for US Vision Care market
  • To identify and analyze the profile of leading players operating in US Vision Care

Reason to Buy the Report:

  • Facilitate decision-making based on strong current and forecast data for Vision Care market
  • Develop strategies based on the latest regulatory framework
  • Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
  • Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the US Vision Care market
  • Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market shares and core competencies
  • We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

Vision Care in US Market Executive Summary

Vision care is defined as the prevention or minimisation of threats to the eye or visual integrity. It deals with both vision and eye related problems, and corrects refractive errors by prescription eyeglasses and contact lenses. With growing technology and population addicted to the digital world, vision care products are expected to grow in quality and quantity in the coming years. High investments from leading players of the market and constant research for improving the manufacture and supply process of eyeglasses, lenses, and other eye wear is encouraging the sales in the market

Market Size and Key Findings

The US Vision Care market size is at around USD xx billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 9.8% during the forecast period

US vision care market will be growing at faster pace of 9.8% during the forecasted period till 2028. Increasing prevalence of diabetic retinopathy resulted in increasing demand for vision care. The US medical vision sector presents a significant growth opportunity, supported by strong, resilient demand and a fragmented market landscape ripe for consolidation

Market Dynamics

Market Growth Drivers Analysis

Increasing adoption of contact lenses in the region has generated extensive demand for vision care in US. Also, it revolves around the theme of an aging population with increasing need for vision care services in the Vision Care Market

Market Restraints

Some of the factors hindering the growth of the market includes Unawareness about the vision care products and services. Also, contact lens related problem is one of the problems in US Vision Care Market

COVID-19 impact on “Vision Care Market” in US

The impact of COVID-19 on the US vision care market is observed that the demand for vision care has increased during the pandemic time. It is anticipated to grow at a healthy pace from third quarter of 2021. The COVID-19 pandemic has impacted vision care adoption trends in 2020. The sales and demand of blue light cancelling and anti-fatigue lenses have exponentially increased in the pandemic. As lockdown norms have led to companies implementing work from home models for their employees, leading to improved time being spent on a desktop, laptop screens, and smartphone. These factors are expected to drive the market growth during the forecast period

Competitive Landscape

Key Players

The “Vision Care” study report will provide valuable insights with an emphasis on the US market including some of the key market players such as Johnson & Johnson Services Inc., CooperVision, Inc. (Cooper Companies, Inc.), Bausch Health Companies, Inc., Novartis International AG

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and revenue analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players

Notable Recent Deals

Some Acquisition and Partnership deals are:

  1. In March 2021, EyeSouth Partners announced it completed an affiliation with North Georgia Eye Clinic. Due to this partnership, EyeSouth Partners will expand presence in North Georgia Healthcare Policies and Regulatory Landscape
  2. In February 2021, Sunvera Group has announced new partnership with Kellis Eye and Laser Center with the help of this partnership, Sunvera Group will expand into Ohio to grow footprint and clinical offerings
  3. In February 2021, California’s Total Vision partnered with Golden Hills Optometry of San Jose region. Through this partnership, Total Vision will expand its presence in the Bay area and throughout California
  4. In February 2021, CVP, one of the country’s fastest-growing ophthalmology networks, has added Tidewater Eye Centers as a partner practice in its Mid-Atlantic region. Through this partnership, CVP with combined experience of Tidewater Eye Centers would provide significant eyecare consolidation in the Coastal Virginia region

1. Report Description of the Vision Care Market……………
1.1 Research Scope and Assumption
1.2 Objective of the Study
1.3 Research Methodology
1.4 Reason to Buy the Report
2. Vision Care Market Executive Summary………………………
2.1 Vision Care Market – Industry Snapshot & Key Buying Criteria, 2020-2028
2.2 Market Size, Growth Prospects and Key Findings
3. Market Dynamics of Vision Care market……………………
3.1 Market Growth Drivers Analysis
3.1.1 Increasing Adoption of Contact Lenses
3.1.2 Increase in Aging Population
3.2 Market Restraints Analysis
3.2.1 Unawareness
3.2.2 Contact Lens Related Problem
3.3 Covid-19 Market Impact Analysis
4. Substance Abuse Treatment Market Segmentation………………………………………
4.1 By Product Analysis:
4.1.1 Rx-Lenses
4.1.2 Frames
4.1.3 Contact Lenses
4.1.4 NonRx-Sunglasses
4.1.5 Reading Glasses
4.1.6 Contact Lenses Solutions
4.2 By Distribution Analysis:
4.2.1 Retail Stores
4.2.2 E-Commerce
4.2.3 Clinics
4.2.4 Hospitals
5. Vision Care Products Market Share………………………………………
5.1 Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape…………………………………………………………………
6.1 Major Top Market Players
6.2 R&D Initiatives in Vision Care Market
6.3 Notable Recent Deals in Vision Care Market
6.3.1 Joint Ventures
6.3.2 Partnerships
6.3.3 Mergers & Acquisitions
6.3.4 Strategic Divestments
7. Key Company Profiles………………………………………………………………….
7.1 Johnson & Johnson Services Inc. Company overview
Product & Services, Strategies & Financials
7.2 CooperVision, Inc Company overview
Product & Services, Strategies & Financials
7.3 Bausch Health Companies Company overview
Product & Services, Strategies & Financials
7.4 Novartis International AG. Company overview
Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape……………………………………
8.1 Policy changes and Reimbursement scenario
8.2 Government Initiatives / Intervention programs
9. Factors Driving Future Growth…………………………………………………………
9.1 New Trends and Development of Vision Care Market
9.2 Future Opportunities
10. Strategic Recommendations

US Vision Care Market Segmentation

By Products:

Products mentioned below are the pillars of US Vision Care Market which are widely used in different vision Care procedures:

  • Rx-lenses
  • Frames
  • Contact lenses
  • NonRx-sunglasses
  • Reading glasses
  • Contact lenses solutions

By Distribution:

  • Retail stores
  • E-Commerce
  • Clinics
  • Hospitals

From the above-mentioned distribution, the e-commerce segment is the fastest growing segment in 2021, and is expected to remain fastest growing segment during the forecast period

By Region:

North America is a largest regional market in 2021, and anticipated to remain largest segment in the forecast period. The growth is attributed to technological advancements and high spending on healthcare from both individuals, and government account for substantial share of the North America vision care market

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
  • Company Websites/Annual Reports
  • Trade Publications
  • Online Databases
  • Published Research Reports
  • Whitepapers
  • Press Releases of Key Market Players

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and its impact to the different segments within the market.
Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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