Vision Care Market Global Growth, Industry Size, Demand by 2026 Vision Care Market | Page 3

Vision Care Market Size, Share & Industry Analysis, By Product Type (Eyewear, Intraocular
Lens, and Ocular Health), By Distribution Channel (Retail Store, Online Store, Hospital &
Clinics), and Regional Forecast, 2019-2026
Increasing Cases of Cataract to Promote Healthy Growth
The increasing incidence of cataracts around the world will subsequently aid the growth of the
market in the forthcoming period. According to the Global Burden of Diseases Study, 2010 cataract
caused worldwide 33.4% of all blindness in 2010 and around 10.8 million people were blind and
35.1 million were visually impaired due to cataract. With the growing risk of cataracts, the demand
for vision is increasing, which therefore supports market growth. The growing population of
individuals suffering from ocular diseases is expected to be one of the key reasons for driving the
market.
Favorable Reimburusmnet policies to Stimulate Growth in North America
North America generated a revenue of USD 38.82 billion in 2018 and is expected to remain
dominant during the forecast period. Higher adoption of vision care products in the region will
further create opportunities for the market. Factors such as increasing awareness of the ocular
disease, favorable reimbursement for cataract surgery, and increasing inclination towards eye care
products is projected to further escalate the market’s revenue in North America. The market in Latin
America is estimated to grow at a steady rate alongside the Middle East and Africa. The unmet need
for vision care in Latin America is estimated to be one of the prime reasons for spurring the growth
in the region
Browse Complete Report Details:
Fortune Business Insights Pvt Ltd.
https://www.fortunebusinessinsights.com/industry-reports/vision-care-market-101731