Global Optometry Market Highlights Key Development Factors and Upcoming Trends During forecast 2017-2025

Albany, USA, 2018-May-09 — /EPR Network/ —In order to study the various trends and patterns prevailing in the overall market for Optometry, Market Research Reports Search Engine (MRRSE) has included a new report titled “Optometry Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Players in the fragmented global optometry market, many in all, are pulling out every stop to retain their market shares and make headway. They are mostly seen banking upon improved therapies and treatments to outsmart their rivals and progress. The bigger companies operating in the market have attained an influential position by dint of their wide-ranging product portfolio and extensive geographical outreach.

MRRSE classifies Novartis AG, CooperVision, Pfizer, Inc., Essilor, Valeant Pharmaceuticals International, Inc., Johnson & Johnson Vision Care, Inc., and Allergan as some of the prominent players in the global market for optometry.

Our recent report on the global market for optometry shows that it will rise at a tepid 4.1% CAGR between 2017 and 2025. At this pace, the market which was valued at US$55.974 bn in 2016, will likely pull in a value of US$79.871 bn by end of 2025.

The two main types of products in the optometry market are therapeutics and vision care equipment. The therapeutics segment can be divided again into anti-inflammatory drugs, anti-infective drugs, anti-fungal drugs, and anti-allergy drugs. And savvy players are mostly seen betting on the anti-inflammatory drugs segment since they are pulling in maximum sales and revenue at present. In 2016, the segment contributed about 32.5% in the overall revenue in the market.

Geographically, North America is the region which could well spell opportunity for keen manufacturers for the region accounted for a leading share of 36.5% in the global market for optometry in 2016. The market has been buoyed so far by the developed economies and their solid healthcare infrastructure. In addition, strong awareness among people about the different treatments for eye diseases is also bolstering the market in the region.

Large Pool of Elderly Susceptible to Visual Problems Mainly Fuelling Demand

Primarily serving to catalyze growth in the global market for optometry is the rising elderly population who are highly susceptible to different visual problems resulting from different chronic health conditions, namely diabetes. Apart from that, rising instances of age-related macular degeneration, glaucoma, diabetic retinopathy, and cataract is also pushing up demand in the optometry market. Adds the lead analyst of the MRRSE report, “In the U.S. alone, according to the American Association of Ophthalmology, around 20.5 million patients suffer from cataract and 7.6 million suffer from diabetic retinopathy. Hence, the growing instance of eye diseases and refractive errors has upped the need for examination of the eye as well as eye care.”

The report also profiles major players in the hereditary angioedema market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include Johnson & Johnson Vision Care, Inc., CooperVision, Novartis AG, Pfizer, Inc., Valeant Pharmaceuticals International, Inc., Allergan and Essilor.

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The global optometry market is segmented as follows:

Global Optometry Market Revenue, by Product type

• Therapeutics
  • Anti- Inflammatory Drugs
    • Steroids
    • NSAIDs
  • Anti-fungal Drugs
  • Anti-infective Drugs
  • Anti-allergy Drugs
  • Others
• Vision Care Equipment
  • Eye Glasses
  • Contact Lenses
    • Soft Contact Lenses
    • Rigid Gas Permeable Lenses
    • Extended Wear Contact Lenses
    • Others

Global Optometry Market Revenue, by Distribution Channel

• Hospital Pharmacies
• Online & Retail Stores
• Optometry Clinics
• Optical Centres
• Others

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