Market Research Future (MRFR) studied the global eye care supplements market 2021 for the assessment period till 2023. As per MRFR study, the global eye care supplement market is expected to rise at a 10.8% CAGR over the review tenure. By 2023, the global eye care supplement market value can churn-up decent revenue.
Drivers and Restrains Impacting Eye Care Supplements Market
Eye care supplements contain vitamins and other nutrients beneficial for maintaining ocular health and good vision. These products improve eye health and are used in treating disease, such as; diabetic retinopathy, cataracts, and glaucoma. Several people face problem due to poor vision and the dietary products extracted are primarily used in the improvement of vision. These dietary products can be derived from both synthetic and natural sources, such as; plants. Omega fatty acids and antioxidant are some widely used eye care supplements.
The global market of eye care supplements is expected to rise at an exponential rate due to the increasing prevalence of eye diseases induced by chronic ailments, such as, diabetes. Furthermore, the rise in demand for eye care solutions across the globe are opening great opportunities to market players as they use strategic approaches for geographical expansion.
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On the contrary, high price of eye care supplements can restrain the rise of the market in developing economies. The World Health Organization (WHO) suggests that more than 285 Mn are likely to be visually impaired in the years ahead, thus boosting sales of eye care supplements in the near future and countering the current slow-down.
Segment Assessment of Eye Care Supplement Market
The global eye care supplement market’s segment assessment is based on type, end user, and application.
The type-based segments of the eye care supplement market are Fatty acids, Antioxidant, neuro-protective supplements, and anti-inflammatory supplements among others. The antioxidant segment is studied for water-soluble antioxidants that includes astaxanthin, zeaxanthin, lutein, and fat-soluble antioxidants, such as; astaxanthin. The segment of fatty acids segment studies gamma-linolenic acid and omega-6. The anti-inflammatory supplements segment analyses docosahexaenoic acid (DHA). The segment of neuro-protective assesses eicosapentaenoic acid (EPA).
The application-based segments of the eye care supplement market are eye health, cataract, macular degeneration, glaucoma, and Diabetic retinopathy among others. The retinopathy segment can thrive by 2023.
The end user-based segments of the eye care supplement market are eye clinics, and eye hospitals among others. The segment of eye clinics are churn-up high profits owing the increase in count of such clinics are rise in number of visits to such clinics.
Regional Analysis of Global Eye Care Supplements Market
North America is gaining reputation as the largest eye care supplements market that can hold decent share of the global market due to the rise in demand for eye care supplements. The growing prevalence of vision impairment and related problems among people in the people in the US can favor the market expansion. The Center of Disease Control and Prevention states that nearly 14 million Americans with age range from 12 years and above exhibit some type of visual impairment that can prompt the eye care supplement market in North America.
Europe is noted as the second largest market for the global eye care supplements that can exhibit a steady growth in the years ahead due to the accessibility affordable treatments and implementation of effective prevention strategy for eye health. As per the World Health Organization, more than 60 Mn people in Europe have diabetes and the surge in cases of diabetes is high in people aged over 25 years, which can influence the market over the study tenure.
In the Asia Pacific region, the market of eye care supplements is expected to register the fastest growth rate due to rise in cases of chronic disease, such as; diabetic retinopathy, diabetes, and obesity. In the Middle East Asia and Africa, the market of eye care supplement is expected to show a steady rise owing to upscaling demand for ophthalmic products and easy accessibility of treatment options.
Key Players in Eye Care Supplements Market
Nordic Naturals Inc. (U.S.), Biosyntrx Inc. (U.S.), Healths Harmony USA Supplements LLC (U.S), Bristol-Myers Squibb Company (U.S.), Vitabiotics Ltd. (U.K), NUSAPURE (U.S.), and Bausch & Lomb Incorporated. (U.S.) are some top-notch companies in the global market of eye care supplements that are recognized by Market Research Future and are listed in the current report.
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