South America Vision Care Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by (Eyeglasses, Contact Lens, Intraocular Lens, and Others) and Distribution Channel (Retail Stores, E-Commerce, Clinics, and Hospitals)
The South America vision care market is expected to grow from US$ 2,675.38 million in 2022 to US$ 3,335.24 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2022 to 2028.
Development of Innovative Products
Several players operating in the vision care market are 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-oxygen-permeable 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.
South America Vision care Market Overview
The South America vision care market is segmented into Brazil, Argentina, and the Rest of South America. The high burden of dry eyes, the increase in the geriatric population, and efforts by government to create awareness about eye health are among the factors contributing to the growth of vision care market in South America.
South America Vision care Market Revenue and Forecast to 2028 (US$ Million)
South America Vision care Market Segmentation
The South America vision care market is segmented based on type, distribution channel, and country. Based on type, the South 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 South 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 South America vision care market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South 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 South America vision care market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South America Vision Care Market – by Product Type
1.3.2 South America Vision Care Market – by Distribution Channel
1.3.3 South America Vision Care Market – by Country
2. Vision Care Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Vision Care Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 South America PEST Analysis
4.3 Expert’s Opinion
5. South America Vision Care Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Prevalence of Eye Diseases
5.1.2 Development of Innovative Products
5.2 Market Restraints
5.2.1 Adverse Effects of Contact Lens on Eye Health
5.3 Market Opportunities
5.3.1 Increasing Awareness of Vision Care
5.4 Future Trends
5.4.1 Rising Funds for Eye Care Research
5.5 Impact Analysis
6. Vision Care Market – South America Analysis
6.1 South America Vision Care Market Revenue Forecast and Analysis
7. South America Vision Care Market – Revenue and Forecast to 2028 – by Product Type
7.1 Overview
7.2 Vision Care Market Revenue Share, by Product Type 2021 & 2028 (%)
7.3 Eye Glasses
7.3.1 Overview
7.3.2 Eye Glasses: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Contact Lens
7.4.1 Overview
7.4.2 Contact Lens: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Intraocular Lens
7.5.1 Overview
7.5.2 Intraocular Lens: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
8. South America Vision Care Market Analysis and Forecasts to 2028 – by Distribution Channel
8.1 Overview
8.2 Vision Care Market, by Distribution Channel 2021 & 2028 (%)
8.3 Hospitals
8.3.1 Overview
8.3.2 Hospitals: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Retail Stores
8.4.1 Overview
8.4.2 Retail Stores: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
8.5 E-Commerce
8.5.1 Overview
8.5.2 E-Commerce: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Clinics
8.7.1 Overview
8.7.2 Clinics: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9. South America Vision Care Market – Revenue and Forecast to 2028 – by Country Analysis
9.1 South America Vision Care Market
9.1.1 Overview
9.1.2 South America: Vision Care Market, by Country, 2021 & 2028 (%)
9.1.2.1 Brazil: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.1 Overview
9.1.2.1.2 Brazil: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.1.3 Brazil: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.1.2.1.4 Brazil: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.1.2.2 Argentina: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.1 Overview
9.1.2.2.2 Argentina: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.2.3 Argentina: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.1.2.2.4 Argentina: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
9.1.2.3 Rest of South America: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.1 Overview
9.1.2.3.2 Rest of South America: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2.3.3 Rest of South America: Vision Care Market, by Product Type, 2019–2028 (US$ Million)
9.1.2.3.4 Rest of South America: Vision Care Market, by Distribution Channel, 2019–2028 (US$ Million)
10. Vision Care Market – Industry Landscape
10.1 Overview
10.2 Growth Strategies Done by the Companies in the Market, (%)
10.3 Organic Developments
10.3.1 Overview
10.4 Inorganic Developments
10.4.1 Overview
11. Company Profiles
11.1 Alcon Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Bausch Health Companies Inc.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Carl Zeiss AG
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Cooper Companies Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Essilor International SAS
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Johnson & Johnson
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Hoya Corp
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 RODENSTOCK GMBH
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Menicon Co., Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Rayner Intraocular Lenses Limited
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Brazil Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Vision Care Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 3. Argentina Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina Vision Care Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)
Table 5. Rest of South America Vision Care Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of South America Vision Care Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)
Table 7. Organic Developments Done by Companies
Table 8. Inorganic Developments Done by Companies
Table 9. Glossary of Terms
LIST OF FIGURES
Figure 1. South America Vision Care Market Segmentation
Figure 2. South America Vision Care Market, by Country
Figure 3. South America Vision Care Market Overview
Figure 4. Eye Glasses Segment Held The Largest Share of Type Segment in Vision Care Market
Figure 5. Brazil Expected to Show Remarkable Growth During Forecast Period
Figure 6. South America: PEST Analysis
Figure 7. South America Experts’ Opinion
Figure 8. South America Vision Care Market: Impact Analysis of Drivers and Restraints
Figure 9. South America Vision Care Market – Revenue Forecast and Analysis – 2020–2028
Figure 10. South America Vision Care Market Revenue Share, by Product Type 2021 & 2028 (%)
Figure 11. Eye Glasses: South America Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Contact Lens: South America Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Intraocular Lens: South America Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Others: South America Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. South America Vision Care Market, by Distribution Channel 2021 & 2028 (%)
Figure 16. Hospitals: South America Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Retail Stores: South America Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. E-Commerce: South America Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Clinics: South America Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. South America: Vision Care Market, by Key Country – Revenue (2021) (US$ Million)
Figure 21. South America: Vision Care Market, by Country, 2021 & 2028 (%)
Figure 22. Brazil: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Argentina: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of South America: Vision Care Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Growth Strategies Done by the Companies in the Market, (%)
- Alcon Inc.,
- Bausch Health Companies Inc.,
- Carl Zeiss AG
- Cooper Companies Inc
- Essilor International SAS
- Johnson & Johnson
- Hoya Corp
- Rodenstock GMBH
- Menicon Co., Ltd
- Rayner Intraocular Lenses Limited
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America vision care market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America vision care market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the South America vision care market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution