[340 Pages Report] The globe vision care market is estimated at $83.72 billion in 2022. By 2032, a market value of $169.37 billion is expected. The CAGR is expected to be 7.3% over the forecast period.

Over the past decade, the use of electronic devices has increased. The more time we spend in front of the screen, the more our eyes are exposed to the rays emitted by the devices. This in turn affects our eyes and we start using different types of eye care products.

In addition, we live in times when people who work in large corporate buildings hardly have time to prepare their own food. Because of this, they start consuming fast food, which is believed to be unhealthy.

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As a result, the eyes are unable to absorb the required nutrients. This has led to an increasing demand for eye care products.

In addition, there have been huge improvements in logistics and supply chain management, allowing the eye care products to be shipped from all parts of the world.

However, if there is one segment that has contributed significantly to the growth of the ophthalmic market, it is the geriatric population. With age, the lens of the eye becomes rigid, leading to various types of eye problems. Therefore, the increased needs of the geriatric population are expected to increase sales of eye care products.

In addition, there have been increased initiatives by the government and other government agencies to raise awareness of visual aids.

The central theses:

• The ophthalmic market is expected to grow at a CAGR of 7.3% during the forecast period.
• By 2032, the vision aids market is expected to be worth $169.37 billion.
• The ophthalmic market is valued at US$83.72 billion in 2022.
• Based on product type, eyeglass lens segment is the most preferred segment in ophthalmic optics…