Eye Care Products Market To Reach USD 73 Billion By 2026 | Reports And Data
An extensive study of the product application and services conducted by subject matter experts assessing the Eye Care Products Market will help product owners to make a wise decision.
New York, United States – June 29, 2020 /MarketersMedia/ —
The study covers the genre of eye care products available in the market. Eye care products are essentially used for treating eye disorders and to maintain the general health of eyes. The report categorises eye care products into two broad categories i.e. eye care products for medical purposes and eye care products for cosmetic purposes. Innovations like bionic eye, infini-cils and bionic contact lenses have been milestone achievements in this industry. The eye care products come in various forms such as creams, solutions, gels etc.
This is the latest report covering the current COVID-19 scenario. The coronavirus pandemic has greatly affected every aspect of the worldwide industry. It has brought along various changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact are covered in the research report. The report discusses all the major aspects of the market with expert opinions on the current status along with historical data.
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Key participants include Bausch and Lomb, Clear eyes, Its Skin, Laneige, Cipla, Johnson and Johnson, Alcon, Allergen and Neutrogena.
Increase in pollution and reduction in tolerance towards pollutants are the factors that have resulted in an increase in the demand for eye care products. A rise in the numbers of the older population is also reason for an increase in the demand for these products as they are more prone to allergies and diseases. However, inaccurate and incomplete information regarding the usage of these products accompanied by excess or improper application of these products have acted as restraining factors as well.
Segmentation Of the Eye Care Products Market On The Basis Of Product Type, Product Form, Availability, Application And Regions:
Product type (Revenue, USD Million; 2016–2026)
• Ointments
• Eye washes
• Eye scrubs
• Antihistamines
• Artificial tear drops
• Infini-cils
Availability (Revenue, USD Million; 2016–2026)
• Retail Pharmacy
• Online Pharmacy
• Hospital Pharmacy
Application (Revenue, USD Million; 2016–2026)
• Single-use/ single purpose
• Multi-purpose
Product form (Revenue, USD Million; 2016–2026)
• Cream
• Gel
• Solution
• Tablets
• Serum
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Regional Outlook (Revenue in USD Million; 2016–2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Further Key Findings from the Report Suggest That
• Changes in lifestyle of the people have been identified as one of the reasons for increase in demand for eye care products. These essentially includes improper diet, improper routine and insomnia.
• Excessive use of Television, Computer and other digital screens have led to an increase in the demand for eye care products.
• Rapid growth in the tendency of the people towards infections along with problems like insomnia and inadequate sleep have led to an increase in the demand for eye care products.
• As per the study, a large number of people have been identified to believe that eye care products are required only when there is some problem with the eyes, and are not required for maintaining the general health of the eyes.
• Advancements in the formulation of the products to suit the needs and skin types of people from different age brackets. Most companies manufacture eye care products that are age specific, apart from being problem- specific. This reduces the chances of allergic reactions.
• Contact lenses market has also been seen to be growing due to rising awareness of eye care. It is also seen that a significant number of people opt for zero number lenses to avoid damage of eyes due to excess use of digital screens.
• Contact lenses market has also been seen to be growing due to rising awareness of eye care. It is also seen that a significant number of people opt for zero number lenses to avoid damage of eyes due to excess use of digital screens.
Key questions addressed in the Eye Care Product market:
1. What are the current trends that are dictating the growth of the Eye Care Product market?
2. What is the scope of innovation in the current market landscape?
3. How will the recent amendments in the industrial policies in the regions affect the growth of the Eye Care Product market?
4. What is the projected value of the market in 2026?
5. Which regional market is expected to witness the highest CAGR growth during the assessment period?
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