North America Vision Care Market Will Generate Booming Growth Opportunities to 2027Posted by Ganesh Shinde on April 18th, 2023  Vision care refers to the prevention or reduction of risks to eye and visual health. This includes addressing both vision and eye-related issues and correcting refractive errors with prescription eyeglasses and contact lenses. As technology advances and people become more reliant on digital devices, the demand for quality vision care products is expected to increase in the coming years. Key players in the market are investing heavily in research to improve the manufacturing and supply processes of eyeglasses, lenses, and other eye wear, leading to increased sales. The North American vision care market is projected to grow at a CAGR of 9.8% during the forecast period, with revenues reaching US$ 100.72 billion by the end of 2026. Factors driving growth in the North American vision care industry include the increasing prevalence of chronic diseases and an aging population susceptible to eye ailments such as cataracts and glaucoma. Hyperopia is also becoming more prevalent among seniors, with around 50% of Americans over 65 experiencing this condition. Additionally, favorable reimbursement policies and increased government support are expected to fuel market expansion during the forecast period. Key Players: Key players in the North America vision care market are Johnson & Johnson Vision Care Inc., Valeant Pharmaceuticals International Inc., Novartis AG, The Cooper Companies Inc., SynergEyes Inc., Luxottica, Essilor International, and ZEISS International. Major players in the market are increasingly entering into mergers and acquisitions to enhance their product portfolio, leverage market opportunities, and increase consumer base. Key Segment By Product Type:
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