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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Talk to AnalystRetail 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.
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. 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. 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. 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 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 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 Market Value Forecast, By Product Type, 2016–2026 (US$ Mn)
Table 2: North America Market Volume Forecast, By Product Type, 2016–2026 (US$ Mn)
Table 3: North America Market Value Forecast, By Distribution Channel, 2016–2026 (US$ Mn)
Table 4: North America Market Volume Forecast, By Distribution Channel, 2016–2026 (US$ Mn)
Table 5: North America Market Value Forecast, By Country, 2016–2026 (US$ Mn)
Table 6: North America Market Volume Forecast, By Country, 2016–2026 (Units)
Table 7: U.S. Market Value Forecast, By Product Type, 2016–2026 (US$ Mn)
Table 8: U.S. Market Value Forecast, By Distribution Channel, 2016–2026 (US$ Mn)
Table 9: U.S. Market Volume Forecast, By Product Type, 2016–2026 (Units)
Table 10: U.S. Market Volume Forecast, By Distribution Channel, 2016–2026 (US$ Mn)
Table 11: U.S. Market Volume Forecast, By Distribution Channel, 2016–2026 (US$ Mn)
Table 12: Canada Market Value Forecast, By Product Type, 2016–2026 (US$ Mn)
Table 13: Canada Market Value Forecast, By Distribution Channel, 2016–2026 (US$ Mn)
Table 14: Canada Market Volume Forecast, By Product Type, 2016–2026 (Units)
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Talk to AnalystList of Charts
Figure 1: North America 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 Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Rx Lenses, 2016–2026
Figure 4: North America Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Frames, 2016–2026
Figure 5: North America Market Value Analysis and Y-o-Y Growth Rate By Contact Lenses, 2016–2026
Figure 6: North America Market Value Analysis and Y-o-Y Growth Rate By Non Rx Sunglasses, 2016–2026
Figure 7: North America Market Value Analysis and Y-o-Y Growth Rate By Reading Glasses, 2016–2026
Figure 8: North America Market Value Analysis and Y-o-Y Growth Rate By Contact Lens Solutions, 2016–2026
Figure 9: North America Market Absolute $ Opportunity, By Rx-lenses, 2016–2026 (US$ Mn)
Figure 10: North America Market Absolute $ Opportunity, By Frames, 2016–2026 (US$ Mn)
Figure 11: North America Market Absolute $ Opportunity, By Contact lenses, 2016–2026 (US$ Mn)
Figure 12: North America Market Absolute $ Opportunity, By Non Rx Sunglasses, 2016–2026 (US$ Mn)
Figure 13: North America Market Absolute $ Opportunity, By Reading Glasses, 2016–2026 (US$ Mn)
Figure 14: North America Market Absolute $ Opportunity, By Contact Lens Solutions, 2016–2026 (US$ Mn)
Figure 15: North America 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 Market Attractiveness Index, By Distribution Channel, 2016–2026
Figure 19: North America Market Value Analysis and Y-o-Y Growth Rate, By Retail Stores, 2016–2026
Figure 20: North America Market Value Analysis and Y-o-Y Growth Rate, By E-commerce, 2016–2026
Figure 21: North America Market Value Analysis and Y-o-Y Growth Rate, By Clinics, 2016–2026
Figure 22: North America Market Value Analysis and Y-o-Y Growth Rate, By Hospitals, 2016–2026
Figure 23: North America Market Absolute $ Opportunity, By Retail Stores, 2016–2026 (US$ Mn)
Figure 24: North America Market Absolute $ Opportunity, By E-commerce, 2016–2026 (US$ Mn)
Figure 25: North America Market Absolute $ Opportunity, By Clinics, 2016–2026 (US$ Mn)
Figure 26: North America 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. Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Rx-lenses, 2016–2026
Figure 29: U.S. Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Frames, 2016–2026
Figure 30: U.S. Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Contact Lenses, 2016–2026
Figure 31: U.S. Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Non Rx-sunglasses, 2016–2026
Figure 32: U.S. Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Reading Glasses, 2016–2026
Figure 33: U.S. Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Contact Lens Solutions, 2016–2026
Figure 35: U.S. Market Attractiveness Index, By Product Type, 2016–2026
Figure 36: U.S. Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Retail Stores, 2016–2026
Figure 37: U.S. Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By E-commerce, 2016–2026
Figure 38: U.S. Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Clinics, 2016–2026
Figure 39: U.S. Market Value Analysis (US$ Mn) and Y-o-Y Growth Rate By Hospitals, 2016–2026
Figure 40: U.S. Market Attractiveness Index, By Distribution Channel, 2016–2026
Figure 42: U.S. Market Absolute $ Opportunity, By Rx-lenses, 2016–2026 (US$ Mn)
Figure 43: U.S. Market Absolute $ Opportunity, By Frames, 2016–2026 (US$ Mn)
Figure 44: U.S. Market Absolute $ Opportunity, By Contact Lenses, 2016–2026 (US$ Mn)
Figure 45: U.S. Market Absolute $ Opportunity, By Non Rx-sunglasses, 2016–2026 (US$ Mn)
Figure 46: U.S. Market Absolute $ Opportunity, By Reading Glasses, 2016–2026 (US$ Mn)
Figure 47: U.S. Market Absolute $ Opportunity, By Contact Lens Solutions, 2016–2026 (US$ Mn)
Figure 48: Canada Market Y-o-Y Growth Comparison (%), By Product Type, 2016–2026
Figure 49: Canada Market Value Analysis and Y-o-Y Growth Rate By Rx-lenses, 2016–2026
Figure 50: Canada Market Value Analysis and Y-o-Y Growth Rate By Frames, 2016–2026
Figure 51: Canada Market Value Analysis and Y-o-Y Growth Rate By Contact Lenses, 2016–2026
Figure 52: Canada Market Value Analysis and Y-o-Y Growth Rate By Non Rx-sunglasses, 2016–2026
Figure 53: Canada Market Value Analysis and Y-o-Y Growth Rate By Reading Glasses, 2016–2026
Figure 54: Canada Market Value Analysis and Y-o-Y Growth Rate By Contact Lens Solutions, 2016–2026
Figure 56: Canada Market Attractiveness Index, By Product Type, 2016–2026
Figure 57: Canada Market Value Analysis and Y-o-Y Growth Rate By Retail Stores, 2016–2026
Figure 58: Canada Market Value Analysis and Y-o-Y Growth Rate By E-commerce, 2016–2026
Figure 59: Canada Market Value Analysis and Y-o-Y Growth Rate By Clinics, 2016–2026
Figure 60: Canada Market Value Analysis and Y-o-Y Growth Rate By Hospitals, 2016–2026
Figure 61: Canada Market Attractiveness Index, By Distribution Channel, 2016–2026
Figure 63: Canada Market Absolute $ Opportunity, By Rx-Lenses, 2016–2026 (US$ Mn)
Figure 64: Canada Market Absolute $ Opportunity, By Frames, 2016–2026 (US$ Mn)
Figure 65: Canada Market Absolute $ Opportunity, By Contact Lenses, 2016–2026 (US$ Mn)
Figure 66: Canada Market Absolute $ Opportunity, by Non Rx-sunglasses, 2016–2026 (US$ Mn)
Figure 67: Canada Market Absolute $ Opportunity, By Reading Glasses, 2016–2026 (US$ Mn)
Figure 68: Canada Market Absolute $ Opportunity, By Contact Lens Solutions, 2016–2026 (US$ Mn)
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