reportoceanApril 18, 2021
Global Eye Health Supplements Market is valued approximately at USD 1.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2020-2027. Over the years, the healthcare industry has been reimbursing a prime impetus in the development of an effective health supplement for eye care. The development of advanced eye supplements has encouraged several ophthalmologists to recommend and utilize these new supplements among patients with weakening eyesight since it can prevent the occurrence of chronic eye diseases and improve the vision of eyes which is resulting in the higher market growth across the globe. Furthermore, the rise in prevalence of ophthalmic diseases due to growing geriatric population, increasing funding by public and private organizations, and intensive number of brands for eye health supplements are the few factors responsible for the CAGR of the market during the forecast period. According to the World Health Organization (WHO), there were nearly 2.2 billion people affected with eye-related or vision impairment diseases in October 2019, of which at least 1 billion people had unaddressed or preventable circumstances across the globe. Similarly, as per the International Agency for the Prevention of Blindness, in 2018, more than 21 million of Vietnamese people needed eye care services, of which over 3 million Vietnamese have eyesight problems. Thus, the surge in vision-related complications may promote the adoption of the eye health supplements, thereby boosting the market growth all over the world. However, the high cost of eye supplements is one of the prime factors restraining the market growth over the forecast period of 2020-2027.