With the escalating tension with respect to vision impairment, WHO teamed up with 20 international NGOs in 1999 and launched the project VISION 2020 aimed to call for action to eradicate avoidable blindness by 2020. The total cost of vision impairment resulted from uncorrected refractive error was estimated at USD 3 trillion in 2010 which is said to increase by almost 20% by 2020. On the other hand, American Academy of Ophthalmology estimated a global potential loss of vision impairment resulted from uncorrected myopia at USD 244 billion in 2015. Vision impairment is a profound public health problem with immense potential economic impact.
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These introductory insights are according to the report titled, “Vision Care Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028,” which has been latterly incorporated in Market Research Reports Search Engine’s (MRRSE) exhaustive repository. In terms of value, the market for vision care is estimated to account for over USD 127 million throughout 2028.Burgeoning population and growing demand for vision care products are anticipated to sprout growth for the manufacturers. Additionally, the healthcare initiatives undertaken by governments and non-government organizations have encouraged people to opt for vision care products. Besides, rise in the number of ophthalmologists and optometrist and growing lens prescription are expected to have positive influence in the development of vision care market.
The report offers a thorough analysis on the vision care market with the aid of quantitative and qualitative analysis. The report focuses on the major drivers, trends, opportunities and restraints that have significant influence in the growth of the vision care market. In order to provide readers with the holistic picture of the vision care, the market has been segmented.
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The report includes executive summary which gives insights on market overview and market analysis. The report also includes macro-economic factors, opportunity analysis and global economic outlook. The report further gives delineates value chain analysis and forecast factors, the former offering suppliers’ end users, profit margins while the latter gives insights on relevance and impact. The report also incorporates pricing analysis and market volume projections. The report delves into consumer behavior analysis and major distributors’ lists and at the same time gives insights on insurance coverage in vision care products.The report also offers analysis on competition scenario, including competition dashboard and deep dive and also actionable insights on mergers and acquisitions. The report delineates overview, production footprint, product portfolio, sales footprint, channel footprint and strategy overview.The information in the report is backed up by primary research, incorporating interactions in person, a reliable and authentic views of seasoned analyst, surveys, interviews and actionable insights of experts. Besides, the report is underpinned by secondary research encompassing resourceful database, trade journals and verified paid sources. The report is furthered by absolute dollar opportunity analysis which is an instrumental aspect in determining the growth of the vision care market.
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