Vision Care Market Size, Share, Growth Analysis, By Product(Spectacle Lenses, Contact Lenses, Cleaning & Disinfecting Solutions), By Distribution channel(Retail Stores, Online Stores, Hospital & Clinics), By Region - Industry Forecast 2024-2031

Vision Care Market size was valued at USD 67.03 billion in 2019 and is poised to grow from USD 69.3 billion in 2023 to USD 93.55 billion by 2031, growing at a CAGR of 3.39% in the forecast period (2024-2031).

The global vision care market is witnessing steady growth, impacted by the rising awareness regarding eye health and growing prevalence of vision impairment or illnesses. The market is significantly driven by the rising cases of eye illnesses, growing elderly population, and advancements in technology. Some of the common eye disorders like hyperopia, myopia, age-related macular degeneration, and astigmatism are widely seen, thus demanding efficient and quality vision care solutions. The market is also propelled by the ever-growing geriatric population that reports age-related vision issues on a large scale. This ultimately fuels the demand for surgical options and corrective eyewear. Furthermore, advancements in lens technology like blue light filtering and progressive lenses, along with developments in surgical methods notably improve the appeal and efficiency of vision care products. 

Nonetheless, the market is hampered by the significantly priced advanced treatments, lack of accessibility in the emerging regions, and availability of alternate therapies or treatments. While surgical treatments offer prolonged benefits, the cost can also be high for some users, thus restricting market access. Moreover, low awareness and inadequate healthcare infrastructure in some regions may hamper the growth of the market. In addition, the growth of alternate treatments for vision correction may be a challenge for the largely used vision care products. Yet, the market is opportune to the development of innovative products, increasing disposable income in the developing regions, and growth of remote eye care and telemedicine.

US Vision Care Market is poised to grow at a sustainable CAGR for the next forecast year.