![]() ![]() ![]() Increasing Initiatives to Raise Awarenessīe it the ruling authorities or the big companies, they are taking various steps to increase awareness about vision care products and services. This might surge the demand for vision care products in the future. The retina that gets damaged is replaced by artificial retinas containing electrodes. Moreover, robots are employed along with human intelligence for the precise placement of surgical tools during eye surgery. Nanotechnology is employed to measure eye pressure for treating retina-based problems and aiding patients in speedy recovery from glaucoma. The implementation of nanotechnology in vision care is expected to revolutionize the market. If we talk about the key driver of the vision care industry, technological advancements are happening in this sector. This is expected to increase the sales of vision care products during the forecast period. The usage of a bifocal or progressive lens generally corrects this. This condition is called presbyopia and is common among people over 70. With the increase in age, the eye lens becomes relatively rigid, because of which people find it difficult to focus on objects placed nearby. This is also anticipated to increase the sales of vision care products during the forecast period. ![]() Thanks to such a strong logistics and supply chain network, vision care products like spectacles, cooling glasses, etc., can be transported within no time within a region or from one country to another country. The reason is that the necessary nutrients are not supplied to the eyes, and consequently, people start availing themselves of vision services.Īdditionally, vision care products are now much more accessible than ever. Because of the consumption of a poor diet, more and more people have started suffering from partial or full vision. Moreover, consumption of poor diet and lack of focus on health are some of the other factors because of which the demand for vision care products and services is expected to increase. This has ultimately led to more and more people suffering from eye-related issues, mainly Asthenopia, as a result of which people have started adopting vision care products, especially vision care eye drops and vision care capsules. People tend to use such devices for long hours at a stretch. There has been a rapid increase in the adoption of electronic devices. Vision Care Market Anticipated CAGR (2023 to 2033) The valuation of the vision care market as of 2023 is US$ 89,596 million, and the market is projected to be valued at US$ 1,78,930.9 million by 2033.Ī rising need by the general public to correct and improve their vision due to increasing eye problems, increasing geriatric population, and many other factors are expected to increase the sales of vision care products during the forecast period. The vision care market is expected to expand at a decent CAGR of 7.2% during the forecast period. Vision Care Market Outlook (2023 to 2033) ![]()
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