The Global Eye Care Supplements Market is expected to grow at a CAGR of 10.8% during the forecast period.
Eye care supplements are products containing vitamins and other nutrients that are useful for maintaining eye health and good vision. They improve eye health and can be used for the treatment of a number of related diseases such as cataracts, diabetic retinopathy, and glaucoma. Many people face the problem of poor vision. The primary method of improving the vision is use of dietary products extracted from both natural and synthetic sources such as plants. Antioxidants, omega fatty acids are the most widely used eye care supplements across the globe.
The market for eye care supplements is expected to growth at an exponential rate owing to an increasing prevalence of eye diseases and chronic diseases such as diabetes, which are risk factors for eye disease. Furthermore, demand for eye care solutions is increasing across the globe. Therefore, majority of the market players have great opportunities in this market by using strategic approaches such as geographical expansion.
High cost of eye care supplements may restrain the market growth in developing countries.
According to the World Health Organization (WHO), 285 million people are estimated to be visually impaired worldwide.
Key Players in the Global Eye Care Supplements Market
Some of the key players in this market are Biosyntrx Inc. (U.S.), Nordic Naturals Inc. (U.S.), Bristol-Myers Squibb Company (U.S.), Healths Harmony USA Supplements LLC (U.S), NUSAPURE (U.S.), Vitabiotics Ltd. (U.K), and Bausch & Lomb Incorporated. (U.S.).
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Segmentation:
The global eye care supplements market is segmented on the basis of type of type, indication, and end user.
On the basis of type, market is segmented into antioxidants, fatty acids, anti-inflammatory supplements, neuro-protective supplements and others. Antioxidant segment is further segmented into water -soluble antioxidants including lutein, zeaxanthin, astaxanthin, and fat-soluble antioxidants including astaxanthin. Fatty acids segment is further segmented into omega-6 gamma-linolenic acid. Anti-inflammatory supplements segment is further segmented into docosahexaenoic acid (DHA). Neuro-protective segment is further segmented into eicosapentaenoic acid (EPA).
On the basis of application, the market is segmented into eye health, macular degeneration, cataract, Diabetic retinopathy, glaucoma, and others.
On the basis of end user, the market is segmented into eye hospitals, eye clinics, and others.
Regional Analysis:
The Americas are the largest market for eye care supplements which is driven by an increasing prevalence of vision impairment among adults in the U.S.
Europe is the second largest market. The market growth in the Europe is driven by the extensive use of eye care products and supplements and availability of cost effective treatment.
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The UK is the largest market for in Europe owing to increasing prevalence of diabetes, better awareness, and reimbursement policies for diabetes management and eye care.
In Asia Pacific is expected to be the largest market for eye care supplements owing to an increase in the prevalence of diabetes and other lifestyle diseases. Availability of high quality and affordable treatment options further boost the market growth. China and India are expected to web the fastest growing market in Asia Pacific.
Middle East & Africa show steady growth in the market.
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