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The vision care market is expected to grow from US$ 74,110.14 million in 2022 to US$ 98,968.42 million by 2028; it is estimated to register a CAGR of 4.9% from 2022 to 2028.
Vision care products include eyeglasses contact lenses, intraocular lenses, contact lens solutions, eye drops, and others. The increasing prevalence of eye disorders boosts the development of advanced vision care products. Also, the rising number of vision care awareness programs trigger the adoption of vision care products worldwide.
Market Insights
Growing Prevalence of Eye Diseases Drives Vision Care Market Growth
A wide variety of eye diseases, including cataracts, glaucoma, and refractive errors, are prevalent across the world. According to an article published by the World Health Organization (WHO) in 2022, ~2.2 billion people in the world have a near vision impairment or a distance vision impairment. The leading causes of vision impairment are cataracts (~94 million cases) and uncorrected refractive errors (~88.4 million cases). The other causes of vision impairment are glaucoma, corneal opacities, diabetic retinopathy, and trachoma with ~7.7 million, 4.2 million, 3.9 million, and 2 million cases, respectively. According to data provided by the Centers for Disease Control and Prevention (CDC), ~12 million people in the US, aged 40 and above, suffered from vision impairment in 2022, out of which 3 million had vision impairment after correction and 8 million suffered from vision impairment due to uncorrected refractive index. The increasing incidences of diabetes and other chronic diseases are responsible for such a high prevalence of vision impairment in the US population. According to the results of the Canadian Health Measures Survey conducted over 2016–2019, 50.4% of adults aged 40–64 and 71.6% of seniors aged 65–79 indicated they had visited an eye care professional in the past year. Moreover, per the Royal National Institute of Blind People in 2021, in the UK, ~2 million people were living with vision loss. In 2021, the count of blind or partially blind people was recorded at ~340,000 in the UK. According to the data provided by the Government of India, ~57 lakh cataract surgeries were conducted in 2021–2022, whereas ~36 lakh cataract surgeries were carried out in 2020–2021.
Further, the increasing age of populations and workforces in different countries, and the increased visual demands of modern occupations underline the impact of low vision and blindness on economies. Thus, a high prevalence of vision impairment and blindness in different parts of the world boosts the growth of the vision care market
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Vision Care Market: Strategic Insights
Market Size Value in US$ 74,110.14 million in 2022 Market Size Value by US$ 98,968.42 million by 2028 Growth rate CAGR of 4.9% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Vision Care Market: Strategic Insights

Market Size Value in | US$ 74,110.14 million in 2022 |
Market Size Value by | US$ 98,968.42 million by 2028 |
Growth rate | CAGR of 4.9% from 2022 to 2028 |
Forecast Period | 2022-2028 |
Base Year | 2022 |

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Increasing Awareness of Vision Care Offers Ample Opportunities for Market
In recent years, various measures and efforts have been taken to create awareness and educate people regarding eye diseases, prompting patients to access suitable medications and treatments for such conditions. In 2017, the National Eye Institute (NEI) in the US initiated “Write the Vision,” a new eye health awareness program, specifically for African-American consumers. Write the Vision offers monthly resources to a large number of organizations, allowing them to promote healthy vision, and prevent vision loss and blindness in the communities they serve. Per the National Eye Health Education Program, a part of the NEI, African-Americans are more prone to eye diseases. It can further lead to loss of vision, if not treated in time. Hence, the Write the Vision program was launched to increase awareness about eye health.
Sightsavers—an international nongovernmental organization—works in developing countries to treat and prevent eye diseases. A large population in India resides in rural areas, having limited or no awareness of eye ailments. Sightsavers aims to create awareness with its Rural Eye Health Programme, provide high-quality eye health services, and eradicate avoidable blindness in the rural population. In addition, the WHO launched the Universal Health Coverage and Eye Care: Promoting Country Action, an event to provide practical, step-by-step, guidance to support Member States of the WHO in planning and implementing the recommendations of the WHO’s World report on vision. The WHO launched this event with the goal to provide integrated people-centered eye care services. Thus, the rising number of such eye health awareness programs is creating growth opportunities for the vision care market.
Product Type-Based Insights
Based on product type, the vision care market is segmented into eyeglasses, contact lens, intraocular lens, and others. The eyeglasses segment held the largest market share in 2021 and the same is likely grow at the highest CAGR during the forecast period.
Vision Care Market, by Product Type – 2021 and 2028
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Distribution Channel-Based Insights
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Based on distribution channel, the vision care market is segmented into retail stores, e-commerce, clinics, and hospitals. The retail stores segment accounted for the largest share of the market in 2021, and the e-commerce segment is expected to register the highest CAGR of 9.5% during the forecast period.
Companies in the vision care market adopt inorganic and organic strategies such as mergers and acquisitions. A few recent key market developments are listed below:
- In March 2022, Alcon Inc launched the Clareon family of IOLs in the US. Using Alcon’s most advanced IOL material, Clareon can deliver consistent visual outcomes and exceptional clarity that lasts.
- In January 2022, Alcon launched the DAILIES TOTAL1 for Astigmatism, the first and only Water Gradient contact lens for patients with astigmatism.
- In June 2022, CooperVision acquired EnsEyes, a leading supplier of orthokeratology (ortho-k) and scleral contact lenses in the Nordic region. The company will operate within the Cooper Vision Specialty EyeCare group.
- In February 2021, Johnson & Johnson Vision Inc. received CE Mark for its Acuvue Oasys multifocal contact lens with pupil-optimized design for European people. It will be used to treat patients with presbyopia.
Company Profiles
- Alcon Inc
- Bausch Health Companies Inc
- Carl Zeiss AG
- Cooper Companies Inc
- Essilorluxottica SA
- Johnson And Johnson Services Inc.
- Hoya Corporation
- Rodenstock Gmbh
- Menicon Co. Ltd
- Rayner Intraocular Lenses Limited

Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Product Type, and Distribution Channel

Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global vision care based on regions are segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. In 2022, North America held the largest market share. However, the Asia Pacific region is estimated to grow at the fastest CAGR of 5.5% during the forecast period.
Vision care products include eye glasses, contact lens, intraocular lens, contact lens solution, eye drops, and others. Increasing number of eye disorders have led to the development of advanced vision care products. Also, increasing vision care awareness programs have increased the adoption of vision care products.
Based on product type, the vision care market is segmented into eye glasses, contact lens, intraocular lens, and others. The eye glasses segment holds the largest market share in the year 2022 and will remain same during the forecasted year.
The factors driving the growth of vision care include the growing prevalence of eye diseases and development of innovative products.
The adverse effects of contact lens on eye health is expected to restrict the vision care market growth during the forecast period.
Alcon Inc, Bausch Health Companies Inc, Carl Zeiss AG, Cooper Companies Inc, Essilorluxottica SA, Johnson And Johnson Services Inc., Hoya Corporation, Rodenstock Gmbh, Menicon Co. Ltd, Rayner Intraocular Lenses Limited.
The List of Companies - Vision Care Market
- Alcon Inc
- Bausch Health Companies Inc
- Carl Zeiss AG
- Cooper Companies Inc
- Essilorluxottica SA
- Johnson & Johnson Services Inc.
- Hoya Corporation
- Rodenstock GmbH
- Menicon Co. Ltd
- Rayner Intraocular Lenses Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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