Several players operating in the vision care market is developing and launching new products. The strategic expansion of the region presence and manufacturing capacities, along with the launch of new products, helps companies cater to a broad customer base. A few of the recent developments contributing to the growth of the vision care market are mentioned below.
In May 2019, the company launched Menicon Bloom Myopia Control Management System. Menicon Co., Ltd., a leading contact lens developer, received US FDA PMA approval for its Menicon Z Night (tisilfocon A) contact lenses for overnight wear. The Menicon Bloom Night therapy of the company includes the overnight wear of a specifically designed reverse geometry orthokeratology contact lens, which is manufactured in hyper-oxygenpermeable Menicon Z rigid material that guarantees ideal corneal oxygenation for comfortable contact lens wear. In August 2019, Alcon, a global leader in eye health, launched PRECISION1 as the latest addition to its robust contact lens portfolio. PRECISION1 are the daily disposable, silicone hydrogel (SiHy) contact lenses that are the first and only contact lenses with Alcon’s proprietary SMARTSURFACE technology, which delivers lasting visual performance from morning to night. In May 2019, Johnson & Johnson Vision launched Acuvue Oasys contact lenses in the UK. These photochromic contact lenses, backed by the transitions light intelligent technology, would provide eye protection and help in managing stress associated with light conditions.
The North America vision care market is segmented into the US, Canada, and Mexico. The market growth in this region is attributed due to the increasing incidence of diabetes, growing aging population in the region, and technological advancements in vision care.
The North America vision care market is segmented based on type, distribution channel, and country. Based on type, the North America 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 North America 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 North America vision care market is segmented into the US, Canada, and Mexico. The US dominated the North America 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 North America vision care market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 29,645.11 Million |
| Market Size by 2028 | US$ 39,979.00 Million |
| CAGR (2022 - 2028) | 5.1% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America Vision Care Market is valued at US$ 29,645.11 Million in 2022, it is projected to reach US$ 39,979.00 Million by 2028.
As per our report North America Vision Care Market, the market size is valued at US$ 29,645.11 Million in 2022, projecting it to reach US$ 39,979.00 Million by 2028. This translates to a CAGR of approximately 5.1% during the forecast period.
The North America 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 North America Vision Care Market report:
The North America Vision Care Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Vision Care Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Vision Care Market value chain can benefit from the information contained in a comprehensive market report.
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