Connect with us

Headlines

Vision Care Market Will Soon Hit $66B — Here’s Why

mm

Published

on

A specific trend is driving the growth, research firm says.

The global vision market, which amounted to $54 billion in 2016, is poised to hit $66 billion by 2022, according to a new report.

ResearchAndMarkets.com predicts a compound annual growth rate of 3.4 percent over that time frame. The company has released a new report called “Vision Care Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022.”

The key factor driving the growth will be the “growing prevalence of electronic screens in day-to-day lives,” the company stated in a press release.

“Increased use of laptops, PCs, tablets, mobile phones, and other devices along with sedentary lifestyles and unhealthy diets have led to the development of vision related problems such as myopia, astigmatism, hyperopia, retinal tears, macular edema, diabetic retinopathy, etc.,” according to the company.

Advertisement

Other factors are coming into play as well. ResearchandMarkets.com noted that “the lack of comfort associated with eye glasses has augmented the demand for contact lenses.” Additionally, “brand name and product design have become the deciding factors for purchase, instead of functionality,” and that shift is driving market expansion.

SPONSORED VIDEO

SPONSORED BY VARILUX

The Best Overall Progressive Lens, Now Powered by AI

Engineered with Behavioral Artificial Intelligence and utilizing new XR-motion™ technology, Varilux XR series goes beyond prescription and eye physiology to consider the patient’s visual behavior and design a progressive lens that respects how
their eyes naturally move.

Varilux XR series comes in two versions, Varilux® XR design and Varilux® XR track. The Varilux XR track lens provides an additional level of personalization by incorporating the exclusive Near Vision Behavior Measurement, providing up to 25% more near vision width3 according to the patient’s need, so patients get the highest level of customization.

Discover Varilux XR series and enjoy instantly sharp vision in motion4 and seamless transitions from near to far.

For more information, visit here.

Promoted Headlines

Advertisement

Advertisement

Subscribe

INVISIONMAG.COM
BULLETINS

Get the most important news and business ideas for eyecare professionals every weekday from INVISION.

Advertisement

Advertisement

Most Popular