Lazy Eye Market, Opportunities, Top Key Players and Forecast to 2030
The Lazy
Eye Market is anticipated to reach USD 4,576.67 Million
by 2030 at 5.20% CAGR during the forecast period 2022-2030.
Increasing
prevalence of the lazy eye diseases, growing child population, rising
healthcare expenditures, and increasing R&D by the major market players are
estimated to be the major drivers governing the market growth during the
forecast period. However, lack of awareness and unavailability of the effective
treatment procedures may restrain the market growth during the projected
period.
Major Key
Players:
The Lazy Eye Market Players are inclusive of Pfizer Inc.
(U.S.), TCI Chemicals (India) Pvt. Ltd. (India), Adwia Pharmaceuticals Co.
(Egypt), 3M (U.S.), Bausch & Lomb Incorporated. (U.S.), Rebion (U.S.),
Vivid Vision, Inc. (U.S.), Johnson and Johnson Services, Inc. (U.S.), and
others.
Segment Analysis
The global lazy eye market is segmented on the basis
of type, diagnosis, treatment, and end-user.
On the basis of the type, the market is segmented
into strabismic amblyopia, refractive amblyopia, deprivation amblyopia, and
others. On the basis of the diagnosis, the market is segmented into general eye
test, squint test, and others. On the basis of the treatment, the market is
segmented into corrective eyewear, eye patches, surgery, atropine eye drops,
and others. The corrective eyewear segment is sub-segmented into glasses,
contact lenses, and others. On the basis of the end-users, the market is
segmented into eye care clinics, hospitals, retail pharmacies, and others.
Regional Analysis
The Americas lead the global lazy
eye market. Presence of the well-developed healthcare sector, growing child
population, and rising healthcare expenditure are the driving factors for the
market growth. Additionally, the presence of the major players within the
region boosts the market. Europe is estimated to be the second in the global
lazy eye market owing to the availability of the funds for research and huge
patient population. The Asia Pacific is the fastest growing region for the
market. Developing healthcare sector and rising per capita healthcare
expenditure are the major drivers of market growth within the region. The
Middle East & Africa holds the least share in the lazy eye market owing to
the poor availability of the healthcare services and low per capita healthcare
expenditures within the African region. The Middle East region holds a majority
of the market of the Middle East and Africa due to the presence of developed
economies like Kuwait, Qatar, Dubai, Oman besides others. Moreover, the per capita
healthcare expenditure within the region is high providing favorable
backgrounds for market growth.
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