Coherent Market Insights recently published an in depth study of Eye Health Supplements Market covering interesting aspects of the market with supporting development scenarios starting from 2021-2027. The report delivers the clean elaborated structure of the Market comprising each and each business-related information of the market at a worldwide level. the entire range of data associated with the worldwide Market is obtained through various sources and this obtained bulk of the knowledge is arranged, processed, and represented by a gaggle of specialists through the appliance of various methodological techniques and analytical tools like SWOT analysis to get an entire set of trade-based study regarding the Eye Health Supplements.
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This report assesses the growth rate and the market value on the basis of the key market dynamics, as well as the growth inducing factors. The complete study is based on the up-to-date industry news, growth potentials, and Market trends. It also contains an in-depth analysis of the market and competitive scenario, together with the analysis of the leading competitors.
Eye health supplement products are used to maintain good vision and eye health. Apart from helping in preserving eye health, eye supplements are also utilized in treating eye-related diseases such as dry eye, diabetic retinopathy, glaucoma, cataract, and muscular degeneration. These supplements have nutrients that can prevent or delay the onset of eye diseases such as age-related macular degeneration (AMD), which is one of the leading cause of vision loss in the U.S., affecting over 10 million people in the region. Though this disease is associated with aging, some researches have proven the fact that it can affect younger people too.
Market Dynamics
The driving factor enhancing growth of the eye health supplements market is the worldwide increased cases of vision impairment. According to the World Health Organization (WHO), in 2018, 188.5 million people worldwide were suffering from normal vision impairment and concerning distant vision, 217 million people had severe to moderate vision impairment.
Rising awareness among individuals for maintaining a healthy eye has also resulted in increased demand for eye health products. According to the National Eye Institute, in the U.S., around 2.1 million population had an advanced stage of ADMA in 2014, which is estimated to increase to 3.7 million by 2030. Owing to the COVID-19 situations, the major global population are working from home, resulting in a noteworthy rise in screen timings. This factor is also stimulating the market demand for eye health supplements.
Growth of the market is also influenced by the advanced research technologies to find out a better daily supplement for the eyes. For instance, according to a study published in Nutrients in July 2018, Lutemax 2020 a naturally obtained ingredient was discovered, which is present in the marigold flower. This ingredient can regulate genes that cause endoplasmic reticulum stress, hence preventing the sensitive photoreceptors present in the eyes. Curcumin, a compound, which is extracted from turmeric has also shown good results in detecting and treating neurodegeneration implications.
However, the main restraining factors hindering growth of the eye health supplements market are episodes of product recalls and alternative treatment methods.
This market is distributed in five regions that include North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America. Among these, North America is estimated to hold a bigger share of the global eye supplements market, owing to increased R&D expenditure, the presence of local manufacturers, and better availability of eye health supplements. According to the American Academy of Ophthalmology in 2011, in the U.S. 2.71 million people were suffering from primary open-angle glaucoma (POAG) and the number is estimated to become 7.32 million by the year 2050. The market in the Asia Pacific is also estimated to witness significant growth, owing to the increased concern on eye health and improving affordability and accessibility of eye health products.
Competitive Analysis:
The key players are highly focusing on innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in optimal strategies. Few Market Key Players areĀ Pfizer, Inc., Bausch Health Companies Inc., Alcon Laboratories, Inc., Alliance Pharma PLC, Allied Biotech Corporation, BASF SE, Amway Corp., Butterflies Healthcare Ltd, Herballife Nutrition Ltd., SUSS Technology Corp., Eyescience Labs, Nordic Naturals, Vitabiotics Ltd., and Akorn Incorporated
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Some Important TOC:
Market Overview
Global Market Landscape by Player
Players Profiles
Global Production, Revenue (Value), Price Trend by Type
Market Analysis by Application
Global Production, Consumption, Export, Import by Region (2013-2021)
Production, Revenue (Value) by Region (2013-2021)
Manufacturing Analysis
Industrial Chain, Sourcing Strategy and Downstream Buyers
Market Dynamics
Global Market Forecast (2021-2027)
Research Findings and Conclusion
Appendix
The following queries are answered in this comprehensive document:
1. What is the market size of the global and regional levels?
2. Which are the top countries and what is their market size?
3. Which are the growth opportunities in the coming years?
4. Which are the top players and what is their market share?
5. Which are the risk factors affecting market growth?
Thanks for reading this article, you can also get individual chapter wise section or region wise report versions like North America, Europe or Asia.
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