Eye Care Products Market

Global Eye Care Products Market by Types (Artificial Tear Drops, Ointments or Emollients, Eye Washes, Hyperosmotic, Eyelid Scrubs, Decongestants, and Antihistamines), Sales Channel (Online Pharmacy, Retail Pharmacy, and Hospital Pharmacy), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: HC-128
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 8
  • No. Of Pages: 156
  • Format:
  • Pub. Date: 2020-12-02
  • Share:

Market Outlook:

The global eye care products market was valued at USD 10,396.2 Million in 2019 and is projected to reach USD 14,527.4 Million by 2027, expanding at a CAGR of 4.9% during the forecast period.

Eye care products are used for improving the vision. The eye care products are affordable, easily available, and are customized to meet the patient's eye care needs. Eye care products provide patients with the first contact for eye care and a lifetime of continuing care, the main objective of the eye care products is to meet the needs of individuals so that they can receive quality and proper care from a single source.

Global Eye Care Products Market Key Takeaways

Eye care products are used to treat dry eyes, glaucoma, cataracts, diabetes, and macular degeneration. However, in some cases, minor issues can be directed toward major conditions such as blindness, and often recommended to consult an eye specialist before taking eye care products. Numerous types of eye care products are available over the counter (OTC) and contains more or one active and inactive ingredients. Eye care products comprise ingredients that have no or less therapeutic value such as ophthalmic vehicles such as dextran 70 and gelatin, to boost drug-target interaction and preservatives such as sodium benzoate, sorbic acid, and chloro-butanol, to restrict bacterial growth that can be incorporated during repeated product use.

Over the last few years, the eye care product market is significantly developing and changing. Growing pollution levels (dust particles, particularly impact the life span of eye care products), attractive buying options (a user can purchase eye care products online and offline), and increasing value-added offerings (free eye check-ups, discounts on vision care products, rise in one-stop solution shops) are major trends in the market. Increasing number of visually impaired disorders is fueling the demand for quality vision care products. Rising awareness among consumers for health are driving the market. The rising disposable income has also led to the rise in the spending of the healthcare products, including the eye care products, which has led to the rise in the demand for the eye care products. The rising incidences of eye diseases and availability of low costs products are also some of the factors, which contributes for the growth of the market.

Market Dynamics
Drivers
Rising Incidence of Distance Vision Impairment

The number of distance vision impairment cases has increased owing to the rapid rise in the prevalence of eye diseases. According to the World Health Organization (WHO), 80 to 100 adolescents are affected with vision impairments, which is driving the demand for eye wear products. Growing incidences of vision impairment among several young people has led to the rise in the adoption of the eye care products, thereby boosting the segment. Increasing prevalence of myopia has led to the rise in the vision impairment, which has fueled the adoption of eye care products, which drives the market.

Growing Usage of Digital Devices Drives Demand for Eye Care Products
Human eyes are one of the most sensitive organs of the human body. Eyes need as much care as the skin. Proper eye care not prevents the threat of potential eye disease and it improves the overall facial appearance. Pollution, changing lifestyle, and long-time exposure to digital devices such as TV, mobiles, tablets, and computer screens negatively affect the eyes, causing eye strain, eye dryness, and are hamper the vision. Eye strain results in fatigue, headache, and is likely to affect an individual’s productivity. Hence, proper measures need to be taken to maintain eye health.

Restrains
Rising Issues Related to Vision Care Treatment and Treatment Costs

Vision loss is considered to be one of the major healthcare challenges. In the coming years, increasing occurrence of eye disease among the ageing population and costs of vision loss are expected to rise considerably. Decreasing eye care treatment is hampering the global eye care products market. LASIK surgery was introduced in the US 1989 years ago. To correct vision, millions of people in the US undergo LASIK eye surgery. The side effects associated with LASIK surgery includes complication in the hinged flap of the eyes. The hinge is created during the LASIK surgery. This is created to clear the vision. The patients often face discomfort after the surgery. These are some of the factors, which affect the demand for the eye care products.To resolve these problems, patients undergo additional medical treatments or enhancement surgery. This increases the out-of-pocket cost of patients as some insurance coverage plans only cover limited set of surgeries.

Segmental Outlook

On the basis of types, the market is segmented into artificial tear drops, ointments or emollients, eye washes, hyperosmotic, eyelid scrubs, decongestants, and antihistamines. The artificial tear drop segment accounted for one-fourth percent share of the market in 2019. Surge in the demand for artificial tear drops in the entertainment industry is driving the segment growth.

Global Eye Care Products Market By Type

In terms of Sales Channel, the eye care products market is segregated into online pharmacy, retail pharmacy, and hospital pharmacy. The online pharmacy segment is anticipated to expand at a CAGR of over 5% during the forecast period. Rising adoption of new technology has led to the rise in the demand for online pharmacies, which contributes for the growth of the segment.

Global Eye Care Products Market By Application

Regional Outlook

In terms of regions, the global eye care products market is fragmented into North America, Europe, Latin America, and Middle East & Africa. North America constituted around one third share of the market in 2020. The market in China is projected to expand at a CAGR of XX% during the forecast period. Increasing disposable income, rising need for eye care products among the teenagers, and growing presence of several manufacturers are boosting the growth of the eye care products market in China.

Global Eye Care Products Market By Region

Competitive Landscape

  • Key players in the market include Allergan, Prestige Brands, Bausch and Lomb., Croda, Akorn, Shire, Hasbro, Inc, Novartis, Sager Pharma, Rohto, Mattel Inc., Johnson and Johnson, Acccutome, Scope Opthalmics, ViSUfarma, and Similasan These companies are considered manufacturers of eye care products based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition and geographical expansion where potential opportunity for the eye care products. For instance, in November 2018, Bausch & Lomb expanded its manufacturing in Rochester, Ireland.
  • In January 2019, Takeda completed the acquisition of Shire. This acquisition has helped Takeda to expand its product portfolio.
  • In July 2019, Novartis acquired Cell for Cure, to expand its manufacturing capacity for cell and gene therapies.

Global Eye Care Products Market By Key Players

Key Benefits for Industry Participants & Stakeholders

  • In-depth analysis of the global eye care products market
  • Historical, current and projected market size in terms of value and volume
  • Potential & niche segments and regions exhibiting promising growth covered
  • Industry drivers, restraints and opportunities covered in the study
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Neutral perspective on global eye care products market performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Eye Care Products Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Eye Care Products Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Eye Care Products Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Eye Care Products Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Eye Care Products Market Size & Forecast, 2017-2027
      4.5.1 Eye Care Products Market Size and Y-o-Y Growth
      4.5.2 Eye Care Products Market Absolute $ Opportunity
Chapter 5 Global Eye Care Products Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Eye Care Products Market Size & Volume Forecast By Type
      5.2.1 Artificial Tear Drops
      5.2.2 Ointments or Emolients
      5.2.3 Eye Washes
      5.2.4 Hyperosmotic
      5.2.5 Eyelid Scrubs
      5.2.6 Decongestants
      5.2.7 Antihistamines
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Eye Care Products Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Eye Care Products Market Size & Volume Forecast By Application
      6.2.1 Online Pharmacy
      6.2.2 Retail Pharmacy
      6.2.3 Hospital Pharmacy
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Eye Care Products Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Eye Care Products Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Eye Care Products Analysis and Forecast
   9.1 Introduction
   9.2 North America Eye Care Products Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Eye Care Products Market Size & Volume Forecast By Type
      9.6.1 Artificial Tear Drops
      9.6.2 Ointments or Emolients
      9.6.3 Eye Washes
      9.6.4 Hyperosmotic
      9.6.5 Eyelid Scrubs
      9.6.6 Decongestants
      9.6.7 Antihistamines
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Eye Care Products Market Size & Volume Forecast By Application
      9.10.1 Online Pharmacy
      9.10.2 Retail Pharmacy
      9.10.3 Hospital Pharmacy
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Eye Care Products Analysis and Forecast
   10.1 Introduction
   10.2 Europe Eye Care Products Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Eye Care Products Market Size & Volume Forecast By Type
      10.6.1 Artificial Tear Drops
      10.6.2 Ointments or Emolients
      10.6.3 Eye Washes
      10.6.4 Hyperosmotic
      10.6.5 Eyelid Scrubs
      10.6.6 Decongestants
      10.6.7 Antihistamines
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Eye Care Products Market Size & Volume Forecast By Application
      10.10.1 Online Pharmacy
      10.10.2 Retail Pharmacy
      10.10.3 Hospital Pharmacy
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Eye Care Products Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Eye Care Products Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Eye Care Products Market Size & Volume Forecast By Type
      11.6.1 Artificial Tear Drops
      11.6.2 Ointments or Emolients
      11.6.3 Eye Washes
      11.6.4 Hyperosmotic
      11.6.5 Eyelid Scrubs
      11.6.6 Decongestants
      11.6.7 Antihistamines
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Eye Care Products Market Size & Volume Forecast By Application
      11.10.1 Online Pharmacy
      11.10.2 Retail Pharmacy
      11.10.3 Hospital Pharmacy
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Eye Care Products Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Eye Care Products Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Eye Care Products Market Size & Volume Forecast By Type
      12.6.1 Artificial Tear Drops
      12.6.2 Ointments or Emolients
      12.6.3 Eye Washes
      12.6.4 Hyperosmotic
      12.6.5 Eyelid Scrubs
      12.6.6 Decongestants
      12.6.7 Antihistamines
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Eye Care Products Market Size & Volume Forecast By Application
      12.10.1 Online Pharmacy
      12.10.2 Retail Pharmacy
      12.10.3 Hospital Pharmacy
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Eye Care Products Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Eye Care Products Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Eye Care Products Market Size & Volume Forecast By Type
      13.6.1 Artificial Tear Drops
      13.6.2 Ointments or Emolients
      13.6.3 Eye Washes
      13.6.4 Hyperosmotic
      13.6.5 Eyelid Scrubs
      13.6.6 Decongestants
      13.6.7 Antihistamines
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Eye Care Products Market Size & Volume Forecast By Application
      13.10.1 Online Pharmacy
      13.10.2 Retail Pharmacy
      13.10.3 Hospital Pharmacy
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Eye Care Products Market: Competitive Dashboard
   14.2 Global Eye Care Products Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Allergan
      14.3.2 Acutome
      14.3.3 Prestige Brands
      14.3.4 Bausch and Lomb
      14.3.5 Croda
      14.3.6 Akorn
      14.3.7 Shire
      14.3.8 Scope Ophthalmics Ltd.
      14.3.9 VisUfarma
      14.3.10 Novartis
      14.3.11 Safer Pharma
      14.3.12 Rohto
      14.3.13 Similasan
      14.3.14 Johnson and Johnson
Key Segments Covered
By Types
  • Artificial Tear Drops
  • Ointments or Emollients
  • Eye Washes
  • Hyperosmotic
  • Eye Lid Scrubs
  • Decongestants
  • Antihistamines
By Sales Channel
  • Online Pharmacy
  • Retail Pharmacy
  • Hospital Pharmacy
By Regions
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Russia
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
  • ROW

Key Market Players Profiled in the Report
  • Allergan
  • Accutome
  • Prestige Brands
  • Bausch and Lomb
  • Croda
  • Akorn
  • Shire
  • Johnson and Johnson
  • Scope Ophthalmics
  • VISUfarma
  • Novartis
  • Sager Pharma
  • Rohto
  • Similasan

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers product specific information such as artificial tear drops, ointments or emollients, eye washes, hyperosmotic, eye lids scrub etc.

According to this Growth Market Reports report, the market from eye care products market shall probably to register a CAGR of 4.9% during forecast period 2020-2027, with an anticipated valuation of USD 14,527.4 million by the end of the 2027.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The rising number of eye diseases, and rise in the awareness among the consumers regarding eye care products, and rising e-commerce penetration, are expected to drive the market growth during forecast period.

Online Pharmacy, retail pharmacy and hospital pharmacies are the key Sales Channel that are driving the eye care products market.

The market is expected to increase with growth of over XX% between 2019 and 2020 owing to the positive impact of COVID-19 pandemic on the eye care products market. Rise in the prevalence of eye diseases has led to the rise in the demand for the eye care products, thereby boosting the growth of the market.

The base year considered for the global eye care Products market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Johnson and Johnson, and Novartis, are the key players operating in the market.