A wide variety of eye diseases, including cataracts, glaucoma, and refractive errors, are prevalent across Asia Pacific. According to the data provided by the Government of India, ~57 lakh cataract surgeries were conducted from 2021 to 2022, whereas ~36 lakh cataract surgeries were carried out from 2020 to 2021. Further, the increasing age of populations and workforces in the region and the increased visual demands of modern occupations underline the impact of low vision and blindness on economies. Thus, a high prevalence of vision impairment and blindness in the region boosts the growth of the vision care market.
Asia Pacific Vision Care Market Overview
The Asia Pacific vision care market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China held the largest market share in 2021, and India is expected to register a significant CAGR in the market. The market growth in these countries is attributed to the increasing prevalence of chronic diseases, the rising geriatric population, the growing presence of vision care providers, and the rising number of government initiatives.
The Asia Pacific vision care market is segmented on the basis of type, distribution channel, and country. Based on type, the Asia Pacific vision care market is segmented into eyeglasses, contact lens, intraocular lens, and others. The eyeglasses segment held the largest market share in 2022.
Based on distribution channel, the Asia Pacific vision care market is segmented into retail stores, e-commerce, clinics, and hospitals. The retail stores segment held the largest market share in 2022.
Based on country, the Asia Pacific vision care market is segmented into Japan, China, India, South Korea, Australia, and the Rest of Asia Pacific. Japan dominated the Asia Pacific vision care market share in 2022.
Alcon Inc.; Bausch Health Companies Inc.; Carl Zeiss AG; Cooper Companies Inc; Essilor International SAS; Johnson & Johnson; Hoya Corp; Rodenstock GMBH; Menicon Co., Ltd; and Rayner Intraocular Lenses Limited are the leading companies operating in the Asia Pacific vision care market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 14,304.32 Million |
| Market Size by 2028 | US$ 19,670.68 Million |
| CAGR (2022 - 2028) | 5.5% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Vision Care Market is valued at US$ 14,304.32 Million in 2022, it is projected to reach US$ 19,670.68 Million by 2028.
As per our report Asia Pacific Vision Care Market, the market size is valued at US$ 14,304.32 Million in 2022, projecting it to reach US$ 19,670.68 Million by 2028. This translates to a CAGR of approximately 5.5% during the forecast period.
The Asia Pacific Vision Care Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Vision Care Market report:
The Asia Pacific Vision Care Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Vision Care Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Vision Care Market value chain can benefit from the information contained in a comprehensive market report.
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