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North America Vision Care Market

Market Insights on North America Vision Care covering sales outlook, demand forecast & up-to-date key trends

North America Vision Care Market by Product Type (Rx-Lenses, Frames, Contact Lenses, Non Rx Sunglasses, Reading Glasses, Contact Lens Solutions), Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals) & Country - Forecast to 2016-2026

Introduction

Vision care is defined as the prevention or minimisation of threats to the eye or visual integrity. Vision care deals with both vision and eye related problems, and corrects refractive errors by prescription eyeglasses and contact lenses. With growing technology and population addicted to the digital world, vision care products are expected to grow in quality and quantity in the coming years.

High investments from leading players of the market and constant research for improving the manufacture and supply process of eyeglasses, lenses, and other eye wear is clearly encouraging the sales in the market. In terms of revenue, the North America vision care market is projected to register a CAGR of 9.8% during the forecast period and is expected to be valued at US$ 100.72 Bn by the end of 2026.

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An ageing population and increasing rate of chronic disorders in developed countries is expected to drive growth of the North America vision care market

Growth of the North America vision care market is primarily driven by increasing incidence of chronic diseases and a rise in the ageing population prone to eye disorders such as cataract, glaucoma, etc. The spread of hyperopia disorder is increasing at a significant rate in the elderly population. Around 50% of people aged above 65 years in the U.S. are suffering from hyperopic conditions. In addition, favourable reimbursement policies and increasing government support is expected to fuel market growth over the forecast period.

Increasing market share for vision care products from the mass retailers and e-commerce around the globe is owing to two major market drivers namely a rise in the number of eye infections and ever changing fashion statements leading to adoption of prescribed lenses, sunglasses, frames, advanced soft contact lenses, and digital lenses.

However, rise in the costs of eye surgery and treatment and a risk of infection and vision loss may hinder the market growth over the forecast period. Increasing disorder issues, complications during surgery, and diseases such as corneal ulcer are other factors expected to contribute reduced uptake of contact lenses (estimates of annual incidence in U.S range from 30,000 to 75,000). Corrective refractive surgery procedures (i.e. LASIK) is removing 500,000 patients annually from the 160 million vision correction population in the U.S. These factors are likely to restrict the growth of the North America vision care market over the forecast period. 

Rx-lenses and Frames segments are expected to witness significant revenue growth during the forecast period

In terms of revenue share, the Rx-lenses product type segment dominated the North America vision care market in 2016 and is expected to dominate throughout the forecast period. The Rx-lenses segment is anticipated to be valued at US$ 18.6 Bn by 2016 end. The Contact Lenses and Frames segments are expected to witness relatively higher growth rates in terms of value in the North America vision care market over the forecast period.

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Retail stores and E-commerce segments are anticipated to be valued at US$ 23.6 Bn and US$ 4.8 Bn respectively by 2016 end

Currently, the Retail segment accounts for a relatively higher revenue share, followed by the E-commerce segment. In terms of revenue share, the Retail segment dominated the North America vision care market in 2015 and is expected to dominate throughout the forecast period, registering a higher CAGR as compared to the E-commerce segment. The E-commerce segment is expected to witness relatively higher growth rates in terms of value in the North America vision care market over the forecast period. The Clinics segment is anticipated to be valued at US$ 7.3 Bn by 2016 end.

Both U.S. and Canada are expected to register a strong growth in the North America vision care market

In terms of value, U.S. is expected to be the dominant regional market by 2016 end and is expected to register a CAGR of 9.7% over the forecast period. Canada is also expected to be the fastest growing market in terms of revenue growth in the North America vision care market, registering a CAGR of 8.2% over the forecast period.

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Key market players are consolidating their position in the market through mergers and acquisitions

Key players in the North America vision care market are Johnson & Johnson Vision Care Inc., Valeant Pharmaceuticals International Inc., Novartis AG, The Cooper Companies Inc., SynergEyes Inc., Luxottica, Essilor International, and ZEISS International. Major players in the market are increasingly entering into mergers and acquisitions to enhance their product portfolio, leverage market opportunities, and increase consumer base.

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Key Segment

By Product Type:

  • Rx-Lenses
  • Frames
  • Contact Lenses
  • Non Rx Sunglasses
  • Reading Glasses
  • Contact Lens Solutions

By Distribution Channel:

  • Retail Stores
  • E-Commerce
  • Clinics
  • Hospitals

By Country:

  • U.S.
  • Canada

Frequently Asked Questions

The North America vision care market is likely to secure a CAGR of 9.5% through 2032.

The North America vision care market size is estimated to cross US$ 79.46 Bn by 2032.

The North America vision care market is likely to record a value of US$ 29.28 Bn in 2022.

The Rx-lenses product type category dominated the North American vision care market.

Table of Content

1. Executive Summary

2. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

2.3. Parent / Associated Market Overview

3. Vision Care Market Analysis Scenario

3.1. Pricing Analysis

3.1.1. Pricing Assumptions

3.1.2. Price Projections

3.2. Market Volume Size (US$ Mn) and Forecast

3.2.1. Market Volume Size and Y-o-Y Growth

3.2.2. Absolute $ Opportunity

3.3. Vision Care Market Overview

3.3.1. Value Chain

3.3.2. List of Active Participants

3.3.2.1. Component Suppliers

3.3.2.2. Manufacturers

3.3.2.3. Distributors / Retailers

4. Vision Care Market Dynamics

4.1. Macro-economic Factors

4.2. Drivers

4.2.1. Supply Side

4.2.2. Demand Side

4.3. Restraints

4.4. Opportunity

4.5. Forecast Factors – Relevance and Impact

5. North America Vision Care Market

5.1. Introduction

5.1.1. Y-o-Y Growth Projections By Country

5.1.2. Basis Point Share (BPS) Analysis By Country

5.1.3. Key Regulations

5.2. Market Size (US$ Mn) and Volume (Units) Forecast By Country

5.2.1. U.S.

5.2.2. Canada

5.3. Market Size (US$ Mn) and Volume (Units) Forecast By Product Type

5.3.1. Rx-Lenses

5.3.2. Frames

5.3.3. Contact Lenses

5.3.4. Non Rx-Sunglasses

5.3.5. Reading Glasses

5.3.6. Contact Lenses Solutions

5.3.7. Contact Lenses Solutions

5.4. Market Size (US$ Mn) and Volume (Units) Forecast By Distribution Channels

5.4.1. Retail Stores

5.4.2. E- Commerce

5.4.3. Clinics

5.4.4. Hospitals

5.5. Market Attractiveness Analysis

5.5.1. By Country

5.5.2. By Product Type

5.5.3. Distribution Channels

5.6. Prominent Trends

5.7. Drivers and Restraints: Impact Analysis

6. Competition Landscape

6.1. Competition Dashboard

6.2. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)

6.3. North America Key Players

6.3.1. Novartis AG

6.3.2. CooperVision, Inc.

6.3.3. Johnson and Johnson Vision Care Inc.

6.3.4. Valeant Pharmaceuticals International, Inc.

6.3.5. SynergEyes, Inc.

6.3.6. Other Global Players

6.3.6.1. ZEISS International

6.3.6.2. Essilor International

6.3.6.3. Luxottica

7. Assumptions and Acronyms Used

8. Research Methodology

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List of Tables

Table 1: North America Vision Care Market Value Forecast, By Product Type, 2016–2026 (US$ Mn)

Table 2: North America Vision Care Market Volume Forecast, By Product Type, 2016–2026 (US$ Mn)

Table 3: North America Vision Care Market Value Forecast, By Distribution Channel, 2016–2026 (US$ Mn)

Table 4: North America Vision Care Market Volume Forecast, By Distribution Channel, 2016–2026 (US$ Mn)

Table 5: North America Vision Care Market Value Forecast, By Country, 2016–2026 (US$ Mn)

Table 6: North America Vision Care Market Volume Forecast, By Country, 2016–2026 (Units)

Table 7: U.S. Vision Care Market Value Forecast, By Product Type, 2016–2026 (US$ Mn)

Table 8: U.S. Vision Care Market Value Forecast, By Distribution Channel, 2016–2026 (US$ Mn)

Table 9: U.S. Vision Care Market Volume Forecast, By Product Type, 2016–2026 (Units)

Table 10: U.S. Vision Care Market Volume Forecast, By Distribution Channel, 2016–2026 (US$ Mn)

Table 11: U.S. Vision Care Market Volume Forecast, By Distribution Channel, 2016–2026 (US$ Mn)

Table 12: Canada Vision Care Market Value Forecast, By Product Type, 2016–2026 (US$ Mn)

Table 13: Canada Vision Care Market Value Forecast, By Distribution Channel, 2016–2026 (US$ Mn)

Table 14: Canada Vision Care Market Volume Forecast, By Product Type, 2016–2026 (Units)

Sabyasachi Ghosh
Principal Consultant
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List of Charts

Figure 1: North America Vision Care Market Y-o-Y Growth Comparison (%), By Product Type, 2016–2026

Figure 2: North America Care Market Value Share & BPS Analysis, By Product Type, 2016, 2020 & 2026 (%)

Figure 3: North America Vision Care Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Rx Lenses, 2016–2026

Figure 4: North America Vision Care Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Frames, 2016–2026

Figure 5: North America Vision Care Market Value Analysis and Y-o-Y Growth Rate By Contact Lenses, 2016–2026

Figure 6: North America Vision Care Market Value Analysis and Y-o-Y Growth Rate By Non Rx Sunglasses, 2016–2026 

Figure 7: North America Vision Care Market Value Analysis and Y-o-Y Growth Rate By Reading Glasses, 2016–2026 

Figure 8: North America Vision Care Market Value Analysis and Y-o-Y Growth Rate By Contact Lens Solutions, 2016–2026 

Figure 9: North America Vision Care Market Absolute $ Opportunity, By Rx-lenses, 2016–2026 (US$ Mn)

Figure 10: North America Vision Care Market Absolute $ Opportunity, By Frames, 2016–2026 (US$ Mn)

Figure 11: North America Vision Care Market Absolute $ Opportunity, By Contact lenses, 2016–2026 (US$ Mn)

Figure 12: North America Vision Care Market Absolute $ Opportunity, By Non Rx Sunglasses, 2016–2026 (US$ Mn)

Figure 13: North America Vision Care Market Absolute $ Opportunity, By Reading Glasses, 2016–2026 (US$ Mn)

Figure 14: North America Vision Care Market Absolute $ Opportunity, By Contact Lens Solutions, 2016–2026 (US$ Mn)

Figure 15: North America Vision Care Market Attractiveness Index, By Product Type, 2016–2026

Figure 16: North America Care Market Y-o-Y Growth Comparison (%), By Distribution Channels, 2016–2026

Figure 18: North America Vision Care Market Attractiveness Index, By Distribution Channel, 2016–2026

Figure 19: North America Vision Care Market Value Analysis and Y-o-Y Growth Rate, By Retail Stores, 2016–2026 

Figure 20: North America Vision Care Market Value Analysis and Y-o-Y Growth Rate, By E-commerce, 2016–2026 

Figure 21: North America Vision Care Market Value Analysis and Y-o-Y Growth Rate, By Clinics, 2016–2026 

Figure 22: North America Vision Care Market Value Analysis and Y-o-Y Growth Rate, By Hospitals, 2016–2026 

Figure 23: North America Vision Care Market Absolute $ Opportunity, By Retail Stores, 2016–2026 (US$ Mn)

Figure 24: North America Vision Care Market Absolute $ Opportunity, By E-commerce, 2016–2026 (US$ Mn)

Figure 25: North America Vision Care Market Absolute $ Opportunity, By Clinics, 2016–2026 (US$ Mn)

Figure 26: North America Vision Care Market Absolute $ Opportunity, By Hospitals, 2016–2026 (US$ Mn)

Figure 27: U.S. Care Market Y-o-Y Growth Comparison (%), By Product Type, 2016–2026

Figure 28: U.S. Vision Care Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Rx-lenses, 2016–2026

Figure 29: U.S. Vision Care Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Frames, 2016–2026

Figure 30: U.S. Vision Care Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Contact Lenses, 2016–2026

Figure 31: U.S. Vision Care Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Non Rx-sunglasses, 2016–2026

Figure 32: U.S. Vision Care Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Reading Glasses, 2016–2026

Figure 33: U.S. Vision Care Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Contact Lens Solutions, 2016–2026

Figure 35: U.S. Vision Care Market Attractiveness Index, By Product Type, 2016–2026

Figure 36: U.S. Vision Care Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Retail Stores, 2016–2026

Figure 37: U.S. Vision Care Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By E-commerce, 2016–2026

Figure 38: U.S. Vision Care Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Clinics, 2016–2026

Figure 39: U.S. Vision Care Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Hospitals, 2016–2026

Figure 40: U.S. Vision Care Market Attractiveness Index, By Distribution Channel, 2016–2026

Figure 42: U.S. Vision Care Market Absolute $ Opportunity, By Rx-lenses, 2016–2026 (US$ Mn)

Figure 43: U.S. Vision Care Market Absolute $ Opportunity, By Frames, 2016–2026 (US$ Mn)

Figure 44: U.S. Vision Care Market Absolute $ Opportunity, By Contact Lenses, 2016–2026 (US$ Mn)

Figure 45: U.S. Vision Care Market Absolute $ Opportunity, By Non Rx-sunglasses, 2016–2026 (US$ Mn)

Figure 46: U.S. Vision Care Market Absolute $ Opportunity, By Reading Glasses, 2016–2026 (US$ Mn)

Figure 47: U.S. Vision Care Market Absolute $ Opportunity, By Contact Lens Solutions, 2016–2026 (US$ Mn)

Figure 48: Canada Vision Care Market Y-o-Y Growth Comparison (%), By Product Type, 2016–2026

Figure 49: Canada Vision Care Market Value Analysis and Y-o-Y Growth Rate By Rx-lenses, 2016–2026

Figure 50: Canada Vision Care Market Value Analysis and Y-o-Y Growth Rate By Frames, 2016–2026 

Figure 51: Canada Vision Care Market Value Analysis and Y-o-Y Growth Rate By Contact Lenses, 2016–2026

Figure 52: Canada Vision Care Market Value Analysis and Y-o-Y Growth Rate By Non Rx-sunglasses, 2016–2026 

Figure 53: Canada Vision Care Market Value Analysis and Y-o-Y Growth Rate By Reading Glasses, 2016–2026 

Figure 54: Canada Vision Care Market Value Analysis and Y-o-Y Growth Rate By Contact Lens Solutions, 2016–2026 

Figure 56: Canada Vision Care Market Attractiveness Index, By Product Type, 2016–2026

Figure 57: Canada Vision Care Market Value Analysis and Y-o-Y Growth Rate By Retail Stores, 2016–2026 

Figure 58: Canada Vision Care Market Value Analysis and Y-o-Y Growth Rate By E-commerce, 2016–2026 

Figure 59: Canada Vision Care Market Value Analysis and Y-o-Y Growth Rate By Clinics, 2016–2026 

Figure 60: Canada Vision Care Market Value Analysis and Y-o-Y Growth Rate By Hospitals, 2016–2026 

Figure 61: Canada Vision Care Market Attractiveness Index, By Distribution Channel, 2016–2026

Figure 63: Canada Vision Care Market Absolute $ Opportunity, By Rx-Lenses, 2016–2026 (US$ Mn)

Figure 64: Canada Vision Care Market Absolute $ Opportunity, By Frames, 2016–2026 (US$ Mn)

Figure 65: Canada Vision Care Market Absolute $ Opportunity, By Contact Lenses, 2016–2026 (US$ Mn)

Figure 66: Canada Vision Care Market Absolute $ Opportunity, by Non Rx-sunglasses, 2016–2026 (US$ Mn)

Figure 67: Canada Vision Care Market Absolute $ Opportunity, By Reading Glasses, 2016–2026 (US$ Mn)

Figure 68: Canada Vision Care Market Absolute $ Opportunity, By Contact Lens Solutions, 2016–2026 (US$ Mn)

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North America Vision Care Market