North America Vision Care Market Size, Trends, Industry Analysis, Overview, Share And Forecast 2023 To 2030

The North America Vision Care Market is estimated to be valued at US$ 6.44 Bn or Billions in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. 

Market Overview:

The North America vision care market consists of vision correction products such as contact lenses, eyeglasses, LASIK equipment, and lenses used for correcting refractive errors, protecting eyes, or for other purposes. Vision correction products provide clear vision and help reduce the risk of eye problems. 

Market key trends:

One of the key trends in the North America vision care market is the rising demand for contact lenses. Factors such as growing preference for contact lenses over eyeglasses due to comfort, increasing disposable incomes, and rising eye disorders are fueling the demand for contact lenses. Contact lenses are a convenient alternative to eyeglasses for activities such as sports, swimming, and professional uses. Advances in material science have led to innovative new contact lens materials and designs that provide better comfort and extended wear. This has further increased the uptake of contact lenses.

Read More @ https://www.coherentmarketinsights.com/market-insight/north-america-vision-care-market-3525

Segment Analysis

The North America vision care market is segmented based on product type, distribution channel, and end user. Based on product type, the vision care market is further segmented as contact lenses, spectacles lenses, and IPD. Within contact lenses, daily disposable segment dominates the market owing to its hassle-free application and high patient preference for their continuous use. 

Key Takeaways

The North America Vision Care Market is expected to witness high growth, exhibiting CAGR of 4.5% over the forecast period, due to increasing prevalence of ocular disorders and rising awareness about eye care treatments. 

Regional analysis:

Regionally, the U.S. accounts for the major share in the North America vision care market. Factors such as rising prevalence of ophthalmic diseases, growing geriatric population susceptible to eye disorders, and increased spending on vision care drive the largest share of the U.S. in the North America market. 

Key players:

Key players operating in the North America vision care market are Novartis AG, CooperVision, Inc., Johnson and Johnson Vision Care, Inc., Bausch Health Companies Inc., SynergEyes, Inc., Carl ZEISS AG, Essilor Internationals, Safilo Group S.P.A, Rodenstock and Luxottica. Novartis AG, CooperVision, Inc., and Johnson and Johnson Vision Care, Inc., collectively account for over 35% of market share owing to their diversified product portfolio and strong geographical presence across the region.