Global Eye Health Supplements Market is valued approximately at USD 1.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2020-2027. Over the years, the healthcare industry has been reimbursing a prime impetus in the development of an effective health supplement for eye care. The development of advanced eye supplements has encouraged several ophthalmologists to recommend and utilize these new supplements among patients with weakening eyesight since it can prevent the occurrence of chronic eye diseases and improve the vision of eyes which is resulting in the higher market growth across the globe. Furthermore, the rise in prevalence of ophthalmic diseases due to growing geriatric population, increasing funding by public and private organizations, and intensive number of brands for eye health supplements are the few factors responsible for the CAGR of the market during the forecast period. According to the World Health Organization (WHO), there were nearly 2.2 billion people affected with eye-related or vision impairment diseases in October 2019, of which at least 1 billion people had unaddressed or preventable circumstances across the globe.
Similarly, as per the International Agency for the Prevention of Blindness, in 2018, more than 21 million of Vietnamese people needed eye care services, of which over 3 million Vietnamese have eyesight problems. Thus, the surge in vision-related complications may promote the adoption of the eye health supplements, thereby boosting the market growth all over the world. However, the high cost of eye supplements is one of the prime factors restraining the market growth over the forecast period of 2020-2027.
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The regional analysis of the global Eye Health Supplements market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising awareness concerning vision-related problem, increasing prevalence of chronic eye diseases, and the presence of a significant number of market vendors in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rising prevalence eye-related or ophthalmic disorder such as myopia and presbyopia coupled with growing geriatric population across developing countries, such as China and India, would create lucrative growth prospects for the eye health supplements market across the Asia-Pacific region.
Major market player included in this report are:
Nature’s Bounty Co.
Bausch + Lomb
Kemin Industries, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.