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North America Vision Care Market Analysis| Coherent Market Insights

Rx-Lenses segment in North America vision care market is expected to reach US$ 52,170.0 Mn by 2027.

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North America Vision Care Market Analysis| Coherent Market Insights

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. NORTH AMERICA VISION CARE MARKET ANALYSIS North America Vision Care Market,By Product Type (Rx-Lenses, Frames, Contact Lenses, Non Rx-Sunglasses, Reading Glasses, Contact Lenses Solutions), By Distribution Channel (Retail Stores, E-Commerce, Clinics Hospitals), and By Country (U.S., Canada) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027.

  3. North America vision care market is estimated to account for US$ 110,648.3 Mn in terms of value by the end of 2027. Drivers • Increasing prevalence of cataract is expected to propel growth of North America vision care market over the forecast period. For instance, according to National Eye Institute’s projections, the number of people in the U.S. with cataract is expected to reach 50 million in 2050. • Moreover, increasing geriatric population is also expected to aid in growth of the market. For instance, according to the U.S. Census Bureau, geriatric population in the U.S. is expected to reach 77 million by 2035. • U.S. held dominant position in North America vision care market in 2019, accounting for 88.7% share in terms of volume, followed by Canada.

  4. Figure 1.North America Vision Care Market Share (%),by Region,2019

  5. Market Restraints • Business practice restrictions and unfavorable insurance scenario is expected to hamper growth of the market. Employment restrictions prohibit unlicensed persons and firms from hiring optometrists. Moreover, branch office restrictions prevent optometrists from expanding their practices by opening new offices. Vision insurance is also not fully covered (adults) under the Affordable Care Act (ACA).  However, pediatric vision care beyond vision screening is covered under the ACA. • Moreover, growing adoption of e-commerce industry is expected to hinder growth of independent optometry business in the market, thereby hindering growth of the market to some extent.

  6. Market Trends • Increasing popularity of vision care on social media platforms through reviews is propelling growth of the market. Consumers share experiences regarding vision care products on various social media platforms such as Pintrest, Facebook, Youtube, Instagram, and SnapChat. • Players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in February 2020, Midwest Vision Partners partnered with Rosenbaum Eye & Laser Center and its vision correction center, Michigan Laser Eye Associates to offer medical and surgical eye care services.

  7. Market Opportunities • Increasing the number of people under health insurance coverage is expected to offer lucrative growth opportunities for players in the market. • Moreover, in the U.S., rural populations and low-income groups are at higher risk for vision impairments compared to those living in urban areas. Therefore, market players can focus on expanding their geographical presence to enhance their market share. • Rx-Lenses segment in North America vision care market was valued at US$ 23,914.0 Mn in 2019 and is expected to reach US$ 52,170.0 Mn by 2027 at a CAGR of XX% during the forecast period.

  8. Competitive Section Major players operating in North America vision care market include, Novartis AG, CooperVision, Inc., Johnson and Johnson Vision Care Inc., Valeant Pharmaceuticals International, Inc., SynergEyes, Inc., ZEISS International, Essilor International, and Luxottica.

  9. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst Reference: https://www.coherentmarketinsights.com/market-insight/north-america-vision-care-market-3525

  10. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  11. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  12. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

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