About Eye Care Products
Eye care products such as ointments, eye washes, eyelid scrubs, hyperosomotics, and others are used to treat general eye disorders such as allergies, dry eye syndrome, and others. Changing lifestyle standard and use of digital devices which causes irritation and red eyes and increasing awareness about the eye care products as it reduces the risk of eye disorders driving the demand for eye care products. Further, increasing demand from the developing economies and technological advancement in the healthcare sector expected to drive the demand for eye care products over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.1% |
The eye care product market is a competitive one, with a number of large players vying for market share. However, the market is also growing, driven by an aging population and an increasing awareness of the importance of eye health. This is creating opportunities for new entrants and innovative products. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Eye Care Products market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
P&G (United States), PCA Skin (United States), IS CLINICAL (United States), Jan Marini Skin Research (United States), Glyton (United States), L'Oréal (France), Estee lauder (United States), Shiseido (Japan), Kering (France) and Abbot (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Rohoto group (Japan) and TheraTears (United States).
Segmentation Overview
AMA Research has segmented the market of Global Eye Care Products market by Type (Artificial Tear Drops, Ointments or Emollients, Eye Washes, Hyperosomotics, Eyelid Scrubs, Decongestants and Antihistamines) and Region.
On the basis of geography, the market of Eye Care Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Cream will boost the Eye Care Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel , the sub-segment i.e. Online Pharmacy will boost the Eye Care Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Age-Related Macular Degeneration Disorders and Technological Advancement in the Healthcare Industry
Market Growth Drivers:
Growing Prevalence of Eye Allergies and Increasing Number of Patients with Dry Eye Syndrome
Challenges:
Easy Availability of Counterfeit Products
Restraints:
Stringent Government Regulations Regarding Medical Products
Opportunities:
Rising Healthcare Infrastructure in the Developing Economies and Growing Online Distribution Channel for Eye Care Products
Market Leaders and their expansionary development strategies
In September 2023, The Brien Holden Vision Institute teams up with Microsoft to develop an AI-powered system for early detection of eye diseases.
In October 2023, EssilorLuxottica launches the Stellest Blue light blocking glasses in the US. These glasses are designed to protect the eyes from the harmful effects of blue light emitted from digital devices.
“According to the Sec. 349.20 for Eyewashes of Food and Drug Administration, The active ingredient of the product is purified water. The product also contains suitable tonicity agents to establish isotonicity with tears, suitable agents for establishing pH and buffering to achieve the same pH as tears, and a suitable preservative agent.”
Key Target Audience
Eye Care Products Manufacturers, Eye Care Products Distributors, Healthcare Institution, Associations, Organizations, Forums, and Alliances, Government Bodies and Departments and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.