Eye Health Supplement Market by Type (Antioxidants, Fatty Acids Anti-inflammatory Supplements, Neuro-Protective Supplements, Others), by Indication (Age-Related Macular Degeneration (AMD), Cataract, Dry Eye Syndrome, Diabetic Retinopathy, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa) Size, Share, Outlook, and Opportunity Analysis, 2023-2030
The global
Eye Health Supplement Market is estimated to be valued at reach US$ 2.5
billion in 2022 and is expected to exhibit a CAGR of 7.3 % over the forecast period, as highlighted in a new
report published by Coherent Market Insights.
Market Overview:
Eye supplements are nutritional substances
that consist vitamins and other supplements that several studies have exhibited
to be advantageous for maintaining eye health and better vision. Eye
supplements aids enhance their density in the retina. They also engross
high-energy blue and UV light that can destruct the eyes. Eye supplements are created
to add and not to replace, nutrients one gets from a hygienic diet.
Competitive
Landscape:
Key players involved in the growth of the
global Eye Health Supplement Market are Akorn Consumer Health, Nature’s Bounty,
Co., Bausch & Lomb, Incorporated, ZeaVision, LLC., Vitabiotics Ltd, and Amway
International.
Market Key Drivers:
The rising prevalence of eye diseases such as
AMD, cataract and retinopathy is expected to boost the growth of global Eye
Health Supplement Market. For instance, as per NCBI around 100 million people
suffer from cataract.
Rising product launches and approvals and the
presence of key players is anticipated to boost the growth of global Eye
Health Supplement Market. For instance, in July 2019, Bausch + Lomb
announced the launch of Ocuvite Eye Performance that aid boost the macula and save
the eye from stress in the U.S.
Covid-19 Impact
Analysis:
The Covid-19 outbreak has adversely affected the
growth of global Eye Health Supplement Market due to the imposition of strict
lockdown. The surge in pandemic has led to the restriction on hospital visits to
curb the spread of pandemic and the closure of the clinics has impeded the
market growth.
Key Takeaways:
The global Eye Health Supplement Market is
anticipated to exhibit a CAGR of 7.3 % during the forecast period due to rising
collaborations and partnerships. For instance, in November 2019, ZeaVision LLC.
Collaborated with the Boston Red Sox as an official eye vitamin brand in 2020.
Among regions, North America, Europe, and
Asia Pacific are expected to witness robust growth in the global Eye Health
Supplement Market due to rising collaborations and partnerships, increasing eye
disorders such as Age-related macular degeneration, cataract, retinopathy and
rising prevalence of diabetes. For instance, as per AMDR around 11 million
people in U.S suffer from Age-related macular degeneration in 2021.
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