South America Vision Care Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type (Eye Glasses, Contact Lens, Intraocular Lens, and Others) and Distribution Channel (Retail Stores, E-Commerce, Clinics, and Hospitals)

Code: TIPRE00027176 | Pages: 113 | Industry: Medical Device | Date: Feb 2022
Covid

Market Introduction

The SAM vision care market includes the consolidated markets for Brazil, Argentina, and Rest of Europe. The region of SAM is anticipated to witness growth at a steady rate owing to factors such as, prevalence of eye disorders such as glaucoma and diabetic retinopathy. The region has witnessed technological advancements for the treatment of eye disorders, along with rising medical tourism in Brazil, has led to the further growth of the market. Brazil is among the developing countries and is known among the best destination for the medical tourisms. In Brazil, the majority of the people visit from US and other states of the North America for the treating their diseases due to low cost of the treatment under the medical tourism plan. Therefore, getting a treatment done in Brazil is enhancing the market for the several medical conditions and thus, the market for the vision care are likely to increase in the forecast period. Across the country, the incidences of the ocular syphilis is increasing, it has increased approximately by 8 times compared to the last few decades. Ocular syphilis is infectious diseases with no early symptoms and the later stage symptoms are blurry vision. Additionally, Brazil conducted various conferences for the ophthalmology and helps to explore various advantages and commercial benefits for the users. On the other hand the country is also facing the problem of ageing population and increasing diabetes which further leads to different eye conditions. Thus, owing to the above mentioned factors the market for the vision care is likely to propel in the forecast period.

In case of COVID-19, SAM is highly affected especially Brazil. The outbreak of COVID–19 has strictly impacted medical services in the SAM region. Also, the countries are famous for medical tourism, which is also affected by the pandemic. Apart from Brazil, Argentina, Peru, Chile, Uruguay, Colombia are also affected by the second wave of corona infection. It is expected that the region is likely to impose a second lockdown, which will eventually hamper the healthcare industry in the area.  COVID-19 continues to have a tremendous impact on the region. Although Peru established one of the strictest lockdowns in the SAM region, it suffered the highest mortality rate due to COVID-19. Over the past few months, the country slowly began to reopen and eye care services have recommenced. As part of response to COVID-19, Seva, a global nonprofit eye care organization made funds available to its partners in Peru to procure necessary protective equipment and to balance cash flow problems the partners faced. The coronavirus pandemic has become an enormous challenge to this region, as they are low-cost regions.  

Market Overview and Dynamics

The SAM vision care market is expected to grow from US$ 2,546.94 million in 2020 to US$ 3,199.19 million by 2027; it is estimated to grow at a CAGR of 3.3% from 2020 to 2027. Extensive eye diseases research across the region to identify new treatments for the eye diseases is likely to favor the market growth. The National Eye Institute (NEI) supports vision research through around 1,500 research grants and training awards made to researchers at over 250 medical centers, hospitals, and universities across the region. The institute also funds trials to develop cutting edge therapies for blinding diseases. In 2017, NEI launched a 3D Retina Organoid Challenge Competition (3D-ROC) to develop functioning mini-retinas from human stem cells. The US$ 1.1 million prize would be distributed to team with the best replication of retina structure and function. Thus, such increasing funds for eye care research are likely to enhance the growth of the SAM market.

Key Market Segments

In terms of product type, the eye glasses segment accounted for the largest share of the SAM vision care market in 2019.  In terms of distribution channel, the retail stores segment held a larger market share of the SAM vision care market in 2019.  

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the SAM vision care market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Alcon Inc.; Bausch Health Companies Inc.; Carl Zeiss AG; Cooper Companies, Inc.; EssilorLuxottica SA; HOYA Corporation; Johnson and Johnson Services, Inc.; Menicon Co., Ltd.; Rayner Intraocular Lenses Limited; and RODENSTOCK GMBH among others.

Reasons to buy report

  • To understand the SAM vision care market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for SAM vision care market
  • Efficiently plan M&A and partnership deals in SAM vision care market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form SAM vision care market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in SAM region.

SAM Vision Care Market Segmentation

SAM Vision Care Market - By Product Type

  • Eye Glasses
  • Contact Lens
  • Intraocular Lens
  • Others

SAM Vision Care Market - By Distribution Channel

  • Retail Stores
  • E-Commerce
  • Clinics
  • Hospitals

SAM Vision Care Market - By Country

  • Brazil
  • Argentina
  • Rest of SAM

SAM Vision Care Market - Company Profiles

  • Alcon Inc.
  • Bausch Health Companies Inc.
  • Carl Zeiss AG
  • Cooper Companies, Inc.  
  • EssilorLuxottica SA
  • HOYA Corporation
  • Johnson and Johnson Services, Inc.
  • Menicon Co., Ltd.
  • Rayner Intraocular Lenses Limited
  • RODENSTOCK GMBH

 

 

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        SAM Vision Care Market – By Product Type

1.3.2        SAM Vision Care Market – By Distribution Channel

1.3.3        SAM Vision Care market – By Country

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           SAM Vision Care Market– Market Landscape

4.1         Overview

4.2         SAM PEST Analysis

4.3         Expert Opinions

5.           SAM Vision Care Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Prevalence of Eye Diseases

5.1.2        Rising Funds for Eye Care Research

5.2         Market Restraints

5.2.1        Disadvantages Associated with Contact Lens

5.3         Market Opportunities

5.3.1        Increasing Awareness About Vision Care

5.4         Future Trends

5.4.1        Development of Innovative Products

5.5         Impact analysis

6.           Vision Care Market – SAM Analysis

6.1         SAM Vision Care Market Revenue Forecast and Analysis

7.           SAM Vision Care Market Analysis – By Product Type

7.1         Overview

7.2         SAM Vision Care Market Revenue Share, by Product Type (2019 and 2027)

7.3         Eye Glasses

7.3.1        Overview

7.3.2        Eye Glasses: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Contact Lens

7.4.1        Overview

7.4.2        Contact Lens: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

7.5         Intraocular Lens

7.5.1        Overview

7.5.2        Intraocular Lens: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

7.6         Other

7.6.1        Overview

7.6.2        Other: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

8.           SAM Vision Care Market Analysis – By Distribution Channel

8.1         Overview

8.2         SAM Vision Care Market Share, by Distribution Channel, 2019 and 2027

8.3         Hospitals

8.3.1        Overview

8.3.2        Hospital: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Retail Stores

8.4.1        Overview

8.4.2        Retail Stores: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

8.5         E-Commerce

8.5.1        Overview

8.5.2        E-Commerce: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

8.6         Clinics

8.6.1        Overview

8.6.2        Clinics: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

9.           SAM Vision Care Market – Country Analysis

9.1         SAM: Vision Care Market

9.1.1        SAM: Vision Care Market Share by Country – 2019 & 2027, (%)

9.1.1.1          Brazil: Vision Care Market- Revenue and Forecasts to 2027 (USD Million)

9.1.1.1.1          Brazil: Vision Care Market- Revenue and Forecasts to 2027 (USD Million)

9.1.1.1.2          Brazil: Vision Care Market, by Product Type, 2018 -2027 (USD Million)

9.1.1.1.3          Brazil: Vision Care Market, by Distribution Channel, 2018-2027 (USD Million)

9.1.1.2          Argentina: Vision Care Market- Revenue and Forecasts to 2027 (USD Million)

9.1.1.2.1          Argentina: Vision Care Market- Revenue and Forecasts to 2027 (USD Million)

9.1.1.2.2          Argentina: Vision Care Market, by Product Type, 2018 -2027 (USD Million)

9.1.1.2.3          Argentina: Vision Care Market, by Distribution Channel, 2018-2027 (USD Million)

9.1.1.3          Rest of SAM: Vision Care Market- Revenue and Forecasts to 2027 (USD Million)

9.1.1.3.1          Rest of SAM: Vision Care Market- Revenue and Forecasts to 2027 (USD Million)

9.1.1.3.2          Rest of SAM: Vision Care Market, by Product Type, 2018 -2027 (USD Million)

9.1.1.3.3          Rest of SAM: Vision Care Market, by Distribution Channel, 2018-2027 (USD Million)

10.        Impact Of COVID-19 Pandemic on SAM Vision Care Market

10.1      SAM: Impact Assessment of COVID-19 Pandemic

11.        Industry Landscape

11.1      Overview

11.2      Organic Developments

11.2.1     Overview

11.3      Inorganic Developments

11.3.1     Overview

12.        Company Profiles

12.1      Alcon Inc.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Bausch Health Companies Inc.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Carl Zeiss AG

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Cooper Companies, Inc.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      EssilorLuxottica SA

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Johnson and Johnson Services, Inc.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      HOYA Corporation

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      RODENSTOCK GMBH

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Menicon Co., Ltd.

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Rayner Intraocular Lenses Limited

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Products and Services

12.10.4  Financial Overview

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About the Insight Partners

13.2      Glossary of Terms


LIST OF TABLES

Table 1.             SAM Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             Brazil Vision Care Market, by Product Type– Revenue And Forecast To 2027 (USD Million)

Table 3.             Brazil Vision Care Market, by Distribution Channel – Revenue and Forecast to 2027(USD Million)

Table 4.             Argentina Vision Care Market, by Product Type– Revenue And Forecast To 2027 (USD Million)

Table 5.             Argentina Vision Care Market, by Distribution Channel – Revenue and Forecast to 2027(USD Million)

Table 6.             Rest of SAM Vision Care Market, by Product Type– Revenue And Forecast To 2027 (USD Million)

Table 7.             Rest of SAM Vision Care Market, by Distribution Channel – Revenue and Forecast to 2027(USD Million)

Table 8.             Organic Developments Done by Companies

Table 9.             Inorganic Developments Done by Companies

Table 10.          List of Abbreviation

 


LIST OF FIGURES

Figure 1.           SAM Vision Care Market Segmentation

Figure 2.           SAM Vision Care Market Segmentation, By Country

Figure 3.           SAM Vision Care Market Overview

Figure 4.           Eye Glasses Segment by Product Type Expected to Witness Rapid Growth

Figure 5.           Brazil to Show Significant Growth During Forecast Period

Figure 6.           SAM PEST Analysis

Figure 7.           SAM Vision Care Market Impact Analysis of Driver and Restraints

Figure 8.           SAM Vision Care Market – Revenue Forecast and Analysis – 2018- 2027

Figure 9.           SAM Vision Care Market Revenue Share, by Product Type (2019 and 2027)

Figure 10.        SAM Eye Glasses: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        SAM Contact Lens: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        SAM Intraocular Lens: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

Figure 13.        SAM Other: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        SAM Vision Care Market Share, by Distribution Channel, 2019 and 2027

Figure 15.        SAM Hospital: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        SAM Retail Stores: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        SAM E-Commerce: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        SAM Clinics: Vision Care Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        SAM: Vision Care Market, By Key Country – Revenue (2019) (USD Million)

Figure 20.        SAM: Vision Care Market Share by Country – 2019 & 2027, (%)

Figure 21.        Brazil: Vision Care Market- Revenue and Forecasts To 2027 (USD Million)

Figure 22.        Argentina: Vision Care Market- Revenue And Forecasts To 2027 (USD Million)

Figure 23.        Rest of SAM: Vision Care Market- Revenue And Forecasts To 2027 (USD Million)

Figure 24.        Impact Of COVID-19 Pandemic in SAM Africa Country Markets

  1. Alcon Inc.
  2. Bausch Health Companies Inc.
  3. Carl Zeiss AG
  4. Cooper Companies, Inc.
  5. EssilorLuxottica SA  
  6. HOYA Corporation    
  7. Johnson and Johnson Services, Inc.
  8. Menicon Co., Ltd.
  9. Rayner Intraocular Lenses Limited
  10. RODENSTOCK GMBH  
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