Dublin, May 15, 2023 (GLOBE NEWSWIRE) -- The "Europe Eye Care Market By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Others), By Coating (Anti-Glare, Anti reflecting, Others), By Lens Material (Normal Glass, Polycarbonate, Trivex, Others), By End User, By Country, Forecast & Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.
Europe eye care market is expected to witness a significant growth rate during the forecast period, 2024-2028.
The growing prevalence of vision-related disorders, including myopia and hypermetropia in the region, along with the extensive use of electronic devices such as laptops and smartphones among the young population, is anticipated to bolster the growth of the market.
Technological advancement and improvements in the eye care sector is other major factor augmenting the growth of the market. Furthermore, growing awareness among people regarding regular eye checkups as well as various awareness programs organized by the government in the country, is expected to propel the growth of the market.
Also, the adoption of several strategies by the market players to grow product penetration in the market. For instance, in 2020, Menicon opened a new distribution center in Germany to enhance its distribution services. Therefore, the presence of various market players is anticipated to increase eye care products in the future.
Growing Prevalence of Eye Diseases
Growing incidences of ocular diseases such as cataracts, glaucoma, retinopathy, and dry eye, among others, are strengthening the growth of the market. In 2021, over two million people were living with sight loss in the United Kingdom. There is a large number of people who are suffering from eye diseases, which in turn, is projected to bolster the growth of the market. Additionally, the geriatric population is more susceptible to suffering from eye diseases due to rising age.
Growing Advancements in Technology
The rapid rise in technological developments and improvements in the eye care industry is expected to drive the growth of the market in the future. Advancements such as the use of artificial intelligence (AI), advanced imaging, and robotic-assisted microsurgery, among others, are facilitating the growth of the market. For instance, in 2019, Alcon, the global leader in eye health, launched PRECISION1 daily disposable silicone hydrogel (SiHy) contact lenses which is the latest addition to its robust contact lens portfolio.
PRECISION1 is the first and only contact lens which have Alcon's proprietary SMART SURFACE technology, which offers lasting visual performance from morning to night. Therefore, rising technological advancements and innovation are expected to bolster the growth of the Europe eye care market.
Report Scope:
In this report, Europe eye care market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Europe Eye Care Market, By Product Type:
- Eyeglasses
- Contact Lens
- Intraocular Lens
- Eye Drops
- Others
Europe Eye Care Market, By Coating:
- Anti-Glare
- Anti-Reflecting
- Others
Europe Eye Care Market, By Lens Material:
- Normal Glass
- Polycarbonate
- Trivex
- Others
Europe Eye Care Market, By Distribution Channel:
- Retail Stores
- E-Commerce
- Clinics
- Hospitals
Europe Eye Care Market, By Region:
- France
- Germany
- United Kingdom
- Italy
- Spain
- Finland
- Greece
- Portugal
- Bulgaria
- Croatia.
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. Europe Eye Care Market Outlook
6. Market Dynamics
7. Market Trends & Developments
8. Competitive Landscape
9. Strategic Recommendations
A selection of companies mentioned in this report includes
- Novartis AG
- Essilor International SA
- F.Hoffmann-La Roche
- Alcon Laboratories UK Ltd
- Allergan, Ltd.
- Johnson & Johnson Vision Care Ireland Ltd
- Hoya Lens UK Ltd.
- Bausch & Lomb GmbH
- Abbott (UK) Holdings Ltd.
- Carl Zeiss Meditec AG
For more information about this report visit https://www.researchandmarkets.com/r/ljmshd
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