Presently, vision care products global market is driven by the aging population, rising incidence and prevalence of eye disorders like myopia, hyperopia, astigmatism and presbyopia, technological advancement in healthcare industry.With the increase in the disposable income levels and health consciousness among general population, vision care products are being widely adopted. Also, lifestyle side effects emerging from increased usage of computer, television viewing have contributed towards the growth of vision care products at a global level. Various promotional campaign by the key players to capture the market share in the emerging countries
With rapid technological advancement, aging population, and increase in the prevalence of eye disorders around the globe, the vision care products market is expected to grow at a healthy CAGR in the forecasted period (2015-2025).Depending on geographic region, global vision care products market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.Asia Pacific is emerging as dominating markets for vision care products market due to their high healthcare awareness and augmented disposable income. Amongst the Asian countries, India and china are more promising due to large population pool and increased number of hospitals.
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Some of the key participating players in global vision care products market are Alcon, Inc., SEIKO OPTICAL PRODUCTS CO., LTD., Johnson & Johnson Vision Care, Essilor International, CIBA Vision Corporation, Bausch & Lomb Incorporated, CooperVision, Inc., ZEISS Group, HOYA CORPORATION and others.