The Global Eye Health Supplements Market is expected to reach $xx Mn in 2026 from $xx Mn in 2019, at a CAGR of xx% during forecast period.
Market Overview & Dynamics:
Diet is a key lifestyle factor that can have long-term effects on ocular health. Eye health supplements are products that help in maintaining eye health and good vision. They are also useful in reducing and terminating the effects of infections and eye diseases. These supplements mainly include vitamins, proteins along with omega acids, which help in retaining the health of the eyes as well as ensures that the eyes receive all the important minerals for their good health.
Growing incidences of vision impairment and myopia is the major driving factor for the market growth.
Vision impairment and myopia cases are increasing as there is an upsurge in the usage of screen especially during the COVID-19 pandemic. Rising geriatric population and prevalence of age-related eye disorders like macular degeneration, dry eye syndrome, etc. are responsible for market growth. According to the World Health Organization, in 2019, 2.2 billion people were suffering from vision impairments or blindness globally, out of which 1.0 billion people have moderate to severe distance vision impairment. For instance, in November 2019, NovaBay Pharmaceuticals, Inc. announced the launch of NovaSight, formulated to support ocular health. The eye is particularly susceptible to oxidative stress as a result of its high oxygen consumption, high concentration of polyunsaturated fatty acids, and cumulative exposure to high-energy visible light. This combination of factors leads to the generation of reactive oxygen species that can trigger oxidative damage to ocular tissues.
The report covers the detailed analysis of global Eye Health Supplements industry with the classifications of the market based on type, application and technology. Analysis of past market dynamics from 2016 to 2019 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players contribution in it.
The report has profiled twenty key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the availability of advanced technology and new product launches are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Eye Health Supplements Market Segment Analysis:
The global Eye Health Supplements market is segmented based on the indication, ingredient type, and formulation. The indication segment includes various ocular diseases like AMD, cataract, dry eye syndrome, and inflammation are included. The Age-related macular degeneration has the highest prevalence globally. It accounted for a dominant share of xx% in 2019. AMD is characterized by degenerative changes within the macula, the central area of the retina that is responsible for high-resolution vision, in people aged 55 years or older. AMD is a leading cause of severe vision impairment in European-derived populations. In the UK, the disease is responsible for over 50% of certifiable vision loss.
However, the cataract condition is expected to witness lucrative growth during the forecast period. A cataract is defined as any visible opacity within the otherwise clear crystalline lens of the eye. Cataracts can be further classified as cortical, nuclear, or posterior sub-capsular, depending on the anatomical location of the opacity. Globally, over 60 million people are visually impaired due to cataracts, however, cataract-associated blindness shows significant geographical variation, accounting for less than 22% of blindness in high-income countries compared to more than 44% in South East Asia. Age is the most significant risk factor for cataract genesis.
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Based on the ingredient type segment, the lutein and Zeaxanthin are the most commonly used for prevention and effective treatment for eye-related disorders.They accounted for the largest revenue share of xx% in 2019. They protect eyes from harmful high-energy light waves like UV rays in sunlight. According to “The Eye Disease Case-Control Study”, it has been witnessed that individuals with the highest intake of Lutein and Zeaxanthin supplements registered a 43.0% reduced risk of developing AMD when compared with individuals having low intakes of these ingredients.
Global Eye Health Supplements Market Regional Insights:
North America held a dominant share of xx% in 2019.
The increasing prevalence of eye-related disorders like AMD, cataracts, glaucoma, and dry eye disorders in the region and the high availability of commercialized eye health supplements are some of the driving factors for the market in the region. For instance, in 2019, Bausch + Lomb launched Ocuvite Eye Performance vitamin supplements in the U.S. in order to meet the increasing needs of U.S. consumers. Also, in 2014, the U.S. registered nearly 45.0% product launches for eye health supplements.
Asia Pacific is expected to witness market growth of xx%.
Increasing prevalence of eye-related disorders in Asian countries with a rising geriatric population pool who are more susceptible in acquiring these vision impairments will contribute to the market growth.
The report also helps in understanding Global Eye Health Supplements Market dynamics, structure by analyzing the market segments and project the Global Eye Health SupplementsMarket size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Eye Health Supplements Market make the report investor’s guide.
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Global Eye Health Supplements Market By Region:
• North America
• Europe
• South America
• MEA
• APAC
Global Eye Health Supplements Market Key players:
• The Nature's Bounty Co.
• Vitabiotics Ltd.
• Pfizer Inc.
• Amway International
• Bausch & Lomb
• Nutrivein
• ZeaVision LLC
• Kemin Industries, Inc.
• EyeScience
• Nutrachamps
• Biosyntrx Inc.
• Nordic Naturals Inc.
• Bristol-Myers Squibb Company
• Healths Harmony USA Supplements LLC
• NUSAPURE
• Life Extension
• OmniActive Health Technologies
• Algatechnologies
• Alliance Pharma
• NovaBay
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