Eye Health Supplements Market 2022 Profiles, COVID – 19 Outbreak, Global Trends, Profit Growth, Industry Segments, Landscape and Demand

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Dec 14, 2021

Global Eye Care Supplements Market – Growing Eye Diseases And Disorders Is Expected To Drive A Large Market Demand And Concurrent Growth

Market Synopsis

Eye care supplements are products for maintaining eye health, good vision and for the treatment of some related diseases such as cataracts, diabetic retinopathy, and glaucoma. These generally contain vitamins, antioxidants, omega fatty acids and other nutrients. The global eye care supplements market is expected to register a 6.36% CAGR growth. The eye health supplements market valuation is expected to rise to USD 9,355.09 million.

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Market Dynamics

Growing Eye Diseases And Disorders Is The Prime Determinant Of The Market Growth

According to the World Health Organization (WHO) estimates, about 285 million people are visually impaired worldwide. According to the Royal National Institute of Blind People (2016), the number of people living with sight loss is expected to reach 2.7 million by 2030 due to possible cases of refractive error, cataract, glaucoma, and others. According to the National Eye Institute, the number of people in the U.S. with cataract is projected to double from 24.5 million in 2010 to 50 million by 2050. Moreover, in 2015, National Eye Institute stated that more than half of the Americans suffer from cataract-related problems in their lifespan.

Growing Awareness And Geriatric Population Is Charging A High Market Demand

According to the Economic and Social Commission estimates for Asia and the Pacific, in 2016 about 12.4 % of the population within the region aged 60 or more and this geriatric population is projected to reach 1.3 billion by 2050. Increasing prevalence of eye diseases and chronic diseases such as diabetes, which are risk factors for eye disease is another driver of the market.

High Cost And Lack Of Healthcare Coverage And Infrastructure In Developing Regions Expected To Hamper Market Growth

The high cost of eye care supplements may restrain the market growth, especially in the developing countries.

Key Players

Some of the key players operating in the global eye care supplements market are Biosyntrx Inc. (U.S.), Nordic Naturals Inc. (U.S.), Bristol-Myers Squibb Company (U.S.), Healths Harmony USA Supplements LLC (U.S), NUSAPURE (U.S.), Vitabiotics Ltd. (U.K), Bausch & Lomb Incorporated. (U.S.) and others.

Segments
The global eye care supplements market is segregated by type, application, end user, and regions.

Based on the type, the market is divided into antioxidant, fatty acids, anti-inflammatory supplements, neuroprotective supplements and others. An antioxidant is further segregated into water-soluble antioxidants including lutein, zeaxanthin, astaxanthin, and fat-soluble antioxidants including astaxanthin.

Based on application segment, the market is segregated into eye health, macular degeneration, cataract, Diabetic retinopathy, glaucoma, and others.

Based on the end user, the market is segmented into eye hospitals, eye clinics, and others.

Based on regions, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa.

Regional Analysis

North America led by the U.S. is the largest market for eye care supplements owing to significant demand, excellent healthcare infrastructure and rising prevalence of vision impairment. According to the estimates of the Center for Disease Control and Prevention, around 14 million Americans aged 12 years and older suffer from some form of visual impairment.

Europe led by Germany, France, and U.K. is the second largest market for eye care supplements. According to the estimates provided by the World Health Organization, around 60 million European have diabetes.

The Asia Pacific, the market is expected to expand at the fastest rate owing to a increasing prevalence of chronic diseases including diabetes, diabetic retinopathy, and obesity. Asia Pacific market is led by India and China.

The Middle East & Africa market is expected to be dominated by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.

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