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North America Vision Care Market Set for Growth, Projected to Reach US$ 33.5 Billion by 2028

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North American Vision Care Market

North American Vision Care Market
North American Vision Care Market

Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "North America Vision Care Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The vision care industry in North America is experiencing a significant growth phase, with market performance indicating a steady rise. Recent insights have shed light on the various dynamics at play, from demographic shifts to technological advancements.

An intricate examination of the North America vision care market, focusing on its comprehensive trends, shares, sizes, growth opportunities, and forecasted data up to the year 2028, illuminates multiple facets of this sector. With a recorded market size of US$ 27.7 billion in 2022, projections exhibit an increase to a potential US$ 33.5 billion by 2028, advancing at a CAGR of 3.1% during the period of 2023-2028.

The market extends its offerings across various vision care products, including glass lenses, contact lenses, intraocular lenses, contact solutions, LASIK equipment, and artificial tears. Additionally, vision care treatments encompass an array of options such as ointments, drops, pills, and surgeries tailored to the intricate needs of ocular health.

Several key factors propel the market's growth, including a surge in the aging population and an escalation of cases involving myopia and hyperopia, among other optical conditions. Furthermore, lifestyle patterns plagued by constant exposure to electronic displays, alongside a rise in diabetes prevalence, are demanding excellent vision care solutions.

Research within the report delineates the market segmentation by product type and distribution channels, exploring the implications of each on the industry's future. Additionally, the analysis emphasizes the North American region, particularly highlighting specifics for the United States, Canada, and Mexico.

The vision care industry's landscape is thoroughly described through a value chain analysis. Challenges and drivers are explored to offer stakeholders a comprehensive understanding; while Porter's Five Forces and PESTEL analyses contribute to the strategic toolkit utilized for industry assessment. Coupled with this, an in-depth examination of government regulations and the competitive landscape furnishes a panoramic view of the market.

Key insights from the North America vision care market report include:

  • A meticulous review of the market's historical and forecasted performance.

  • In-depth analyses of dominant regions and their contribution to the overall market.

  • The examination of the market's structure, inclusive of a comprehensive list of key players within the industry.

  • A discernment of the competitive degree, enabling the identification of market niches and opportunities.

This report, thus, serves as an invaluable resource for players within the vision care industry, investors, researchers, consultants, and business strategists. For those looking to gain a foothold or expand their presence in the North America vision care market, the insights within offer a clear pathway to informed decision-making. With its depth and breadth of data, this analysis is poised to answer pivotal questions surrounding current trends, future projections, and operational margins within North America's vision care sector.

Key Takeaways from the Vision Care Market Analysis:

  • Dissection of market trends and potential growth sectors within vision care.

  • Strategic insights into key regions and their market impacts.

  • Understanding of the profit margins and economic dynamics of the vision care industry.

  • Identification of the challenges and driving forces behind market performance.

Comprehensive in scope, the report stands as a testament to the robust growth trajectory of the North America vision care market and the myriad opportunities it presents to stakeholders throughout the value chain.

Key Attributes:

Report Attribute

Details

No. of Pages

121

Forecast Period

2022 - 2028

Estimated Market Value (USD) in 2022

$27.7 Billion

Forecasted Market Value (USD) by 2028

$33.5 Billion

Compound Annual Growth Rate

3.2%

Regions Covered

North America


For more information about this report visit https://www.researchandmarkets.com/r/hne9ko

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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