The The united states vision care market demand is projected to register a CAGR of 9. 8% during the forecast period and is expected to be valued at US$ 100. 72 Bn by the end of 2026. In this report, Future Market Insights analyses the factors and trends impacting the growth and performance of the North America vision treatment market.
According to Future Market Insights analysts, aspects such as rising prevalence of eye diseases leading to eye surgery procedures, an increasing geriatric population, and the introduction of new plus advanced vision care products are major factors likely to fuel the particular revenue growth of the United states eyesight care market over the forecast period. Economic factors such as growing healthcare expenditure, increasing disposable income per capita, rising government support in developed economies, and favourable reimbursement policies are also expected to boost the development from the North America vision care market over the particular forecast time period.
However , rise in the costs of vision surgery plus treatment and a risk associated with infection and vision loss may hinder the growth of the North America eyesight care marketplace on the forecast period.
Sales of vision care services has remained quite healthy in the U. S. market within the recent years, making North The united states the most lucrative market globally. The Northern America eyesight care marketplace revenue was accounted to be US$ 37. 1 Bn in 2015, with the particular U. S. accounting for majority of revenue share.
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Segmentation highlights
The North America vision care market can be broadly classified into six product segments – Rx lenses, frames, non Rx sunglasses, contact lenses, readers, and contact lens solutions – each with different applications.
- By product, Rx lenses accounted with regard to higher income share in The united states while compared in order to other item sections
- The Frames product type segment accounted for the second largest revenue share followed by the get in touch with lenses item segment in 2015. The particular contact lens segment will be anticipated to register the highest CAGR of 12. 4% during the forecast period
- Simply by distribution channel, the retail segment made up a higher revenue share in the Northern America eyesight care market place as compared to other distribution channels
- The Retail segment is usually expected to reach a market valuation of US$ 60. 6 Bn simply by 2026, reflecting a CAGR of nine. 8% within the forecast period
- The E-commerce segment is also expanding at a higher rate in the particular overall North America vision care marketplace. This segment is expected to reach US$ 18. 9 Bn right at the end of 2026, registering the CAGR associated with 3. 8% over the forecast time period
Vendor insights
Important players inside the United states vision care market include Johnson & Johnson Vision Care Inc., Valeant Pharmaceuticals International Incorporation., Novartis AG, The Cooper Companies Inc., SynergEyes Incorporation., Luxottica, Essilor International, plus ZEISS International. Major market players are adopting different strategies such as partnerships and acquisitions to maintain and expand their market share. Recently within January 2016, Valeant Pharmaceutical drugs expanded its specialty lens business with the addition of Alden Optical Laboratories Inc. In 2016, Essilor International reinforced the expansion with independent attention care professionals in the particular U. H with the acquisition of Eyesight Source.
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Key Segments
By Product Type:
- Rx-Lenses
- Frames
- Contact Lenses
- Non Rx Sunglasses
- Reading Glasses
- Contact Lens Solutions
By Distribution Channel:
- Retail Stores
- E-Commerce
- Clinics
- Hospitals
By Country:
- U. T.
- Canada
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About Future Market Insights (FMI)
Future Marketplace Insights (ESOMAR certified marketplace research organization and a member of Greater New York Chamber of Commerce) provides in-depth information into governing factors elevating the demand in the market. It discloses opportunities that will favor the particular market development in various segments on the basis of Source, Application, Product sales Channel plus End Use over the next 10-years.
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