Global Eye Health Supplements Market by Indication (Age-Related Macular Degeneration (AMD), Cataract, Glaucoma, Eye Fatigue, Corneal Support, Eyelid Conjunctivitis, and others), Product Type (Antioxidant, Neuroprotective, Anti-Inflammatory, and others), Supplement Type (Vitamins, Minerals, Fatty Acids and others), Form (Tablets/Capsules, Liquid, Gels, Gummies, and others), Distribution Channel (Online Pharmacy, Hospital Pharmacy, and Retail Pharmacy) and Region (Americas, Europe, Asia-Pacific & Middle East & Africa) - Forecast till 2025
Global Market – Overview
Global Eye Health Supplements Market is estimated to be valued at USD 9,355.09 Million by 2025 and is expected to register a CAGR of 6.36% during the forecast period 2019–2025.
Key Findings of the Study
- The Global Eye Health Supplements Market is projected to reach over USD 9,355.09 million by 2025 at a 6.36% CAGR during the review period of 2019 to 2025.
- Based on indication, the age-related macular degeneration (AMD) segment accounted for the largest market share of 22.5% in 2018.
- Based on product type, the antioxidant segment accounted for the largest market share of 38.6% in 2018.
- Based on supplement type, the vitamins accounted for the largest market share of 42.7% in 2018.
- Based on distribution channel, the online pharmacy segment accounted for the largest market share of 44.7% in 2018.
- Key manufacturers in the eye health supplements market, such as Bausch & Lomb, Incorporated, Alcon, Pfizer, Inc., Amway, are adopting geographic expansions, corporate acquisitions, and product launches as growth strategies.
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Eye health supplements aid in the prevention and management of various eye diseases, from the most common to the most complex ones. These supplements can be in the form of tablets, capsules, soft gels, liquid, and others. These products contain vitamins and other nutrients that are useful for maintaining eye health and good vision. The prevalence of ophthalmological disorders is growing at an alarming rate worldwide. An increasingly aging population and changing lifestyle are supporting the growing prevalence of ophthalmological disorders. Over the past decade, the prevalence of ophthalmological disorders has risen faster in low and middle-income countries. According to reports published by the United Kingdom Statistics Authority, in 2015, nearly 15,900 people were registered as visually impaired. Moreover, according to the National Eye Institute, about 3 million cases of pink eye (conjunctivitis) occur in the US each year. This rising prevalence of ophthalmological diseases and their related complications directly promote the growth of this market.
Segment Analysis
The Global Eye Health Supplements Market has been segmented based on Indication, Product Type, Supplement Type, Form, and Distribution Channel. The market, based on indication, has been segmented into age-related macular degeneration (AMD), cataract, glaucoma, eye fatigue, corneal support, eyelid conjunctivitis, and others. The market, based on product type, has been further segmented into antioxidant, neuroprotective, anti-inflammatory, and others. The market, based on supplement type, has been further segmented into vitamins, minerals, fatty acids, and others. The market, on the basis of form, has been bifurcated into tablets/capsules, liquid, gels, gummies, and others. The global eye health supplements market, by distribution channel, has been categorized as online pharmacy, hospital pharmacy, and retail pharmacy.
Regional Analysis
Geographically, the global eye health supplements market has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. As per MRFR analysis, the Americas was the largest market for eye health supplements in 2018 and is expected to remain dominant during the review period. The growing cases of cataract and rising eye diseases such as diabetic retinopathy and glaucoma contribute to the market growth in this region. For instance, according to the data published in May 2017 by the Canadian National Institute for the Blind (CNIB), the prevalence of vision loss in Canada is expected to increase by nearly 30% in the next decade. This is likely to push the need for consumption of eye supplements, thus leading to the growth of the eye health supplements market in the Americas.
Europe accounted for a significant market share and is projected to be the second-largest market during the forecast period The European market for eye health supplements majorly comprises Western Europe and Eastern Europe. Western Europe consists of Germany, France, the UK, Italy, Spain, and the Rest of Western Europe. The collaboration of companies with the public, as well as private firms, is set to propel the growth of the European eye health supplements market. For instance, Vitabiotics Ltd. (UK) is a member of the Health Food Manufacturers' Association (HFMA) and HFMA Council member, which helps to set the standards for the regulation of nutritional products in the UK and throughout Europe. Thus, this adds stake to the key players in the market, leading to the growth of the eye health supplements market in the European region.
The market in Asia-Pacific is expected to register a significant growth rate during the forecast period. The Asia-Pacific market comprises countries such as Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. Direct selling brands, such as Amway and USANA, retain strong shares in Asia-Pacific countries, including Malaysia, India, and Australia, through strong distribution networks with reputable brand images established. With several opportunities in the untapped market and continuously growing economies, the regional market for eye health supplements is expected to be the fastest-growing.
The Middle East and Africa eye health supplements market are growing at a steady rate. Several companies are investing in the Middle Eastern and African countries to expand their position in the eye health supplements market.
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Key Players
Market Research Future (MRFR) recognizes Bausch & Lomb Incorporated, Alcon, Pfizer, Inc., NUSAPURE, Alliance Pharma PLC, Vitabiotics Ltd, Amway, Akorn Incorporated, EyeScience, Nordic Naturals, as the Key Players in the Global Eye Health Supplements Market.
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OverviewThe global eye health supplements market is witnessing a continual rise in its size.
The prevalence of various eye diseases and disorders is constantly growing over the last few years.
This is mainly due to environmental changes, pollution, and the adoption of an unhealthy lifestyle.Moreover, the increasing myopic population worldwide pushes sales of eye health supplements.
Additionally, vision corrective & surgical processes and ophthalmic diseases increase the consumption of eye health products.
High myopia increases the risk of eye disorders later in life, such as early cataracts, glaucoma, and macular degeneration.
Hence, it is not only the older group of people, but younger customers are also turning to eye care supplements to improve their eyesight damaged due to long hours of screen-time, causing dry and tired eyes.Global Eye Health Supplements Market – SegmentsThe report is segmented into six dynamics;By Indication : Cataract, Age-Related Macular Degeneration (AMD), Glaucoma, Eye Fatigue, Corneal Support, Eyelid Conjunctivitis, and others.By Product Type : Antioxidant, Neuro-Protective, Anti-Inflammatory, and others.By Supplement Type : Vitamins, Minerals, Fatty Acids, and others.By Form : Tablet/Capsule, Liquid, Gels, Gummies, and others.By Distribution Channel : Online Pharmacy, Hospital Pharmacy, Retail Pharmacy, and others.By Regions : Europe, North America, APAC and Rest-of-the-World.
Global Eye Health Supplements Market Growth is estimated to be valued at USD 9,355.09 Million by 2025 and is expected to register a CAGR of 6.36% during the forecast period 2019–2025.The prevalence of ophthalmological disorders is growing at an alarming rate worldwide.
An increasingly aging population and changing lifestyle are supporting the growing prevalence of ophthalmological disorders.
Avail a Free Sample@ https://www.marketresearchfuture.com/sample_request/8788 Moreover, according to the National Eye Institute, about 3 million cases of pink eye (conjunctivitis) occur in the US each year.
This rising prevalence of ophthalmological diseases and their related complications directly promote the growth of this market.Segment AnalysisThe Global Eye Health Supplements Market Growth has been segmented based on Indication, Product Type, Supplement Type, Form, and Distribution Channel.
The market, based on indication, has been segmented into age-related macular degeneration (AMD), cataract, glaucoma, eye fatigue, corneal support, eyelid conjunctivitis, and others.
The market, based on product type, has been further segmented into antioxidant, neuroprotective, anti-inflammatory, and others.
According to the latest report by IMARC Group "Eye Health Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026", The global eye health supplements market exhibited moderate growth during 2015-2020.
Looking forward, IMARC Group expects the market to grow at a CAGR of around 6% during the forecast period (2021-2026).Eye health supplements assist in preserving the vision and maintaining overall eye health.
They also minimize the risk of cataracts, age-related macular degeneration (AMD) and other visiondisorders, which may lead to partial or complete blindness.
As a result, their demand is escalating across the globe.Request for a free sample copy of this report: https://www.imarcgroup.com/eye-health-supplements-market/requestsampleMarket Trends:Significant hours spent on computers, tablets, and smartphones are increasing the risk of developing computer vision syndrome (CVS) and myopia.
Apart from this, the increasing awareness among individuals about the alternatives available for preventing different eye conditions is also fueling the growth of the market.
Furthermore, governing agencies of various countries are investing in clinical studies to improve the understanding of nutrients on eye health.
Market OverviewThe increasing need for maintaining healthy 6/6 eyesight has propelled the demand for eye supplements in the market.
Rising awareness about eye diseases is a major factor boosting the global eye supplements market, says Fortune Business Insights in their new study.
In 2014, the National Eye Institute stated an estimate of 2.7 million Americans suffered from glaucoma that is expected to reach 4.3 million by the end of 2030.
Major causes of eye problems include exposure to harmful agents and pollutants, long working hours in front of computer screens, increase in eye stress.
This, cou0pled with, the problem of product recalls may also hinder the growth of the market during the forecast period.Nevertheless, the increasing research and development projects by various companies and new product launches, are expected to bring lucrative opportunities of growth for the global eye supplements market in the long run.Quick Buy Global Eye Supplements MarketIncreasing Number of Eye Care Centres to Help Market Witness Fastest Growth in Asia PacificFortune Business Insights foresees the global eye supplements market to be dominated by North America owing to better access to healthcare facilities and easy accessibility to medicines and supplements in developed nations of the U.S. and Canada.
This, coupled with the increasing number of eye care centers and ophthalmologists in the emerging economies such as China and India, is anticipated to bring lucrative growth opportunities for the eye supplements market in Asia Pacific during the forecast duration.Companies operating in the global eye supplements market are Nature's Bounty Co., Amway Corp., Butterflies Healthcare Ltd, Valeant Pharmaceuticals International Inc., Novartis AG, Bausch & Lomb Incorporated, Akorn Incorporated, Alliance Pharma, Pfizer Inc., Vitabiotics Ltd, and others.
