iCrowdNewswire Jan 15, 2021 11:04 AM ET
The increasing myopic population worldwide pushes sales of eye health supplements. Additionally, vision corrective & surgical processes and ophthalmic diseases increase the consumption of eye health products. Also, increasing screen use led by the rising popularity of smartphones and mobile games escalates the market growth to further height. Average screen time is soaring during COVID 19 Lockdown as more people work from home and join virtual meetings.
The global eye health supplements market is witnessing a continual rise in its size. The market growth majorly attributes to the penetration of various vision care brands. The prevalence of various eye diseases and disorders is constantly growing over the last few years.
According to reports published by the United Kingdom Statistics Authority, in 2015, nearly 15,900 people were registered as visually impaired. Moreover, according to the National Eye Institute, about 3 million cases of pink eye (conjunctivitis) occur in the US each year. This rising prevalence of ophthalmological diseases and their related complications directly promote the growth of this market.
Eye Health Supplements Market – Regional Analysis
North American dominates the global eye health supplements market. The largest market share attributes to the growing prevalence of various eye-related diseases and disorders. Besides, the strong presence of many notable players such as Pfizer Inc., Amway, and Bausch & Lomb Incorporated, increases the penetration of vision care supplements in the region. Also, the high consumption of eye health nutrition in countries such as the US and Canada contributes to a considerably large market.
Moreover, factors such as the growing R&D investments and rising numbers of research institutions, including Independent Research Institutes (IRIs) and universities, support the market growth. The growing adoption of advanced technology positively contributes to regional market growth by improving manufacturing techniques. The North American eye health supplements market is expected to retain its leading position in the global market throughout the forecasted period (2019-2025).
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Europe stands second in the global eye health supplements market. The market is driven by the rising numbers of glaucoma patients and the growing elderly population in the region. Additionally, factors such as the presence of prominent manufacturers and distributors and increasing emphasis on the diagnosis and treatment of eye diseases and eye disorders foster the regional market growth.
The eye health supplements market in the Asia Pacific region is growing rapidly. Factors such as the increasing healthcare expenses and widening access through new distribution channels foster regional market growth. Also, increasing numbers of multinational companies seek opportunities in the region to expand their global footprints. This, as a result, boosts the market growth, increasing the production plants in the region.
Global Eye Health Supplements Market – Segments
The report is segmented into six dynamics;
By Indication: Cataract, Age-Related Macular Degeneration (AMD), Glaucoma, Eye Fatigue, Corneal Support, Eyelid Conjunctivitis, and others.
By Product Type: Antioxidant, Neuro-Protective, Anti-Inflammatory, and others.
By Supplement Type: Vitamins, Minerals, Fatty Acids, and others.
By Form: Tablet/Capsule, Liquid, Gels, Gummies, and others.
By Distribution Channel: Online Pharmacy, Hospital Pharmacy, Retail Pharmacy, and others.
By Regions: Europe, North America, APAC, and Rest-of-the-World.
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Players leading the global eye health supplements market include Alcon, Bausch & Lomb Incorporated, Pfizer, Inc., Alliance Pharma PLC, Vitabiotics Ltd, NUSAPURE, Amway, EyeScience, Akorn Incorporated, and Nordic Naturals, among others.
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