Market Synopsis
of the Global Eye Care Supplements Market
The market for eye care supplements is expected to growth at an exponential rate owing to an increasing prevalence of eye diseases and chronic diseases such as diabetes, which are risk factors for eye disease. Furthermore, demand for eye care solutions is increasing across the globe. Therefore, majority of the market players have great opportunities in this market by using strategic approaches such as geographical expansion.
The market for eye care supplements is expected to growth at an exponential rate owing to an increasing prevalence of eye diseases and chronic diseases such as diabetes, which are risk factors for eye disease. Furthermore, demand for eye care solutions is increasing across the globe. Therefore, majority of the market players have great opportunities in this market by using strategic approaches such as geographical expansion.
Eye care supplements are products containing vitamins
and other nutrients that are useful for maintaining eye health and good vision.
They improve eye health and can be used for the treatment of a number of
related diseases such as cataracts, diabetic retinopathy, and glaucoma. Many
people face the problem of poor vision. The primary method of improving the
vision is use of dietary products extracted from both natural and synthetic
sources such as plants. Antioxidants, omega fatty acids are the most widely
used eye care supplements across the globe.
Market
Dynamics
Growing Eye Diseases and Disorders
Is The Prime Determinant Of The Market Growth
According to the
World Health Organization (WHO) estimates, about 285 million people are
visually impaired worldwide.
According
to the Royal National Institute of Blind People (2016), the number of people
living with sight loss is expected to
reach 2.7 million by 2030 due to possible cases of refractive error, cataract,
glaucoma, and others. According to the National Eye Institute, the number of
people in the U.S. with cataract is projected to
double from 24.5 million in 2010 to 50 million by 2050. Moreover, in
2015, National Eye Institute stated that more than half of the Americans suffer
from cataract-related problems in their lifespan.
Growing
Awareness And Geriatric Population Is Charging A High Market Demand
According to the Economic and Social Commission estimates for
Asia and the Pacific, in 2016 about 12.4 % of the population within the region
aged 60 or more and this geriatric population is
projected to reach 1.3 billion by 2050. Increasing prevalence of eye diseases and chronic diseases
such as diabetes, which are risk factors for eye disease is another driver of
the market.
High Cost And Lack Of Healthcare
Coverage And Infrastructure In Developing Regions Expected To Hamper Market
Growth
The high
cost of eye care supplements may restrain the market growth, especially in the developing countries.
Segments
The global eye care supplements market is segmented on the basis of type, application, and end user.
The global eye care supplements market is segmented on the basis of type, application, and end user.
On the basis of type, market is segmented into Antioxidant, Fatty acids,
anti-inflammatory supplements, neuro-protective supplements and others.
Antioxidant segment is further segmented into water -soluble antioxidants
including lutein, zeaxanthin, astaxanthin, and fat-soluble antioxidants
including astaxanthin. Fatty acids segment is further segmented into omega-6
gamma-linolenic acid. Anti-inflammatory supplements segment is further
segmented into docosahexaenoic acid (DHA). Neuro-protective segment is further
segmented into eicosapentaenoic acid (EPA).
On the basis of application, the market is segmented into eye health,
macular degeneration, cataract, Diabetic retinopathy, glaucoma, and others.
On the basis of end user, the market is segmented into eye hospitals,
eye clinics, and others.
Key Players
Some of the key players in this market are Biosyntrx Inc. (U.S.), Nordic Naturals Inc. (U.S.), Bristol-Myers Squibb Company (U.S.), Healths Harmony USA Supplements LLC (U.S), NUSAPURE (U.S.), Vitabiotics Ltd. (U.K), and Bausch & Lomb Incorporated. (U.S.).
Some of the key players in this market are Biosyntrx Inc. (U.S.), Nordic Naturals Inc. (U.S.), Bristol-Myers Squibb Company (U.S.), Healths Harmony USA Supplements LLC (U.S), NUSAPURE (U.S.), Vitabiotics Ltd. (U.K), and Bausch & Lomb Incorporated. (U.S.).
Regional Analysis
America is the largest market for eye care supplements owing to an increasing demand for eye care supplements and rising prevalence of vision impairment and problems among people in the US. According to the Center of Disease Control and Prevention, nearly 14 million Americans aged 12 years and older have some form of visual impairment.
America is the largest market for eye care supplements owing to an increasing demand for eye care supplements and rising prevalence of vision impairment and problems among people in the US. According to the Center of Disease Control and Prevention, nearly 14 million Americans aged 12 years and older have some form of visual impairment.
According to the World Health Organization, about 60 million European
have diabetes and the prevalence of diabetes is relatively high among people
over 25 years.
Europe is the second largest market for eye care supplements which will
steady growth in the near future du rot the availability of cost effective
treatments and prevention strategy.
The
Middle East & Africa also show a steady rise in the market owing to rise in
the demand for ophthalmic products and available treatment options.
In
Asia Pacific, the market is expected grow at a fastest rate owing to an
increasing prevalence of chronic disease such as diabetes, diabetic retinopathy
and obesity.
Detailed Table
of Contents:
1. Report Prologue
2. Market Introduction
2.1
Definition
2.2
Scope Of The Study
2.2.1
Research Objective
2.2.2
Assumptions
2.2.3
Limitations
3. Research Methodology
3.1
Introduction
3.2
Primary Research
3.3
Secondary Research
3.4
Market Size Estimation
12 MRFR Conclusion
12.1
Key Findings
12.1.1
From CEO’s View Point
12.1.2
Unmet Needs Of The Market
12.2
Key Companies To Watch
12.3
Prediction Of Pharmaceutical Industry
13 Appendix
LIST OF TABLES
Table 1
Eye Care Supplements Industry Synopsis, 2017-2023
Table 2
Global Eye Care Supplements Market Estimates And Forecast, 2017-2023, (USD
Million)
Table 3
Global Eye Care Supplements Market By Region, 2017-2023, (USD Million)
Table 4
Global Eye Care Supplements Market By Types, 2017-2023, (USD Million)
Table 5
Global Eye Care Supplements Market By Application, 2017-2023, (USD Million)
...Continued
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