This report provides exclusive insights into the COVID-19 impact on the Eye Health Supplements Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Eye Health Supplements Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Eye Health Supplements Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the eye
health supplements market provides an in-depth analysis of segments and
sub-segments in the global as well as regional eye health supplements market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional eye health supplements market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global eye health supplements market.
According to the report, the global eye health supplements market is projected
to grow at a CAGR of 11.1% over the forecast period of 2019-2025.
The eye health supplement helps to reduce the risk of eye
deficiency disease conditions such as glaucoma, age-related macular
degeneration, and cataract. It is useful in maintaining eye health and good
vision as it contains the vitamin in its products. Omega fatty acids, antioxidants
are widely used eye health supplements globally. In addition, zinc, vitamin B1,
vitamin C are other eye health supplements while Lutein and zeaxanthin are the
additives that help in enhancing the performance of eye health supplements.
The changing lifestyle of the people such as the continuous use
of the smartphone can impact eye health which in turn boosts the growth of the
market. For instance, in 2019, Bausch + Lomb which is a leading eye health
company has launched Ocuvite® Eye Performance Vitamins. This Ocuvite® eye
performance vitamin contains seven vital nutrients that strengthen the macula.
It protects the eye from stressors such as sunlight and blue light that is
emitted from digital devices. These seven nutrients contain lutein, zeaxanthin,
omega-3, zinc, vitamins C, vitamin E, and vitamin D. Thereby, this launch has
helped the people to protect their eyes from some of the stressors they
encounter every day, boost the growth of the eye health supplement. On the
other hand, increasing prevalence of chronic diseases such as diabetes, that is
a risk factor of causing eye disease which in turn drives the growth of the
market. According to the WHO, around 2.2 million people are suffering from
vision impairment. In addition, 1 billion people include those with moderate or
severe distance vision impairment or blindness due to unaddressed refractive
error. On the other hand, the majority of people with vision impairment are
over the age of 50 years. Increasing government initiatives towards the funding
in the research and activities drive the growth of the market. However, the high cost associated with the
eye care supplement products yet remains one of the major restraints to this
market. Moreover, increasing the demand for eye healthcare supplements globally
has given rise to the number of brands for eye supplements. This will create
great opportunities for the manufacturer operating in this market.
Based on the region, the global eye health supplements market is
segmented into North America, Asia Pacific, Europe, and RoW. Among all, North
America holds the highest market share and expected to continue its growth.
Increasing prevalence of vision impairment among the people and rising demand
for eye health supplements are factors propelling the growth of the market.
Europe is the second-largest market share in this market due to the
availability of cost-effective treatment in this region. Asia Pacific is
expected to hold the highest CAGR in the forecast period due to the growing
prevalence of eye disease in this region.
The report on global eye health supplements market covers
segments such as application, and end user. On the basis of application, the
sub-markets include age related macular degeneration (AMD), glaucoma, and
diabetic retinopathy. On the basis of end user, the sub-markets include online
retailing, and offline retailing stores.
The report provides profiles of the companies in the market
such as Bausch + Lomb, Novartis International AG, Amway, Akorn Consumer Health,
Butterflies Healthcare Ltd, Vitabiotics Ltd., Herbalife International of
America, Inc., SUSS Technology Corp., Pfizer Inc., and Allergan, Plc..
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of eye health
supplements market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.