India Vision Care Market to Grow with a CAGR of 7.85% through 2028
Increases in eye
disorders and rising aging population is expected to drive the India Vision
Care Market growth in the forecast period, 2025-2029.
According to
TechSci Research report, “India Vision Care Market -Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the India
Vision Care Market stood at USD 1.89 Billion in 2023 and is anticipated to grow with a CAGR of
7.85% in the forecast period, 2025-2029. The Indian Vision Care Market is
primarily driven by a plethora of factors. An aging population, coupled with
rapidly increasing prevalence of eye-related disorders, is significantly
contributing to the growth of this market.
Additionally,
rising consumer awareness about eye health and the importance of regular eye
check-ups, largely due to various health campaigns and digital media, is
propelling the demand for vision care products. Moreover, technological
advancements in eye care solutions, including contact lenses and spectacles,
are further bolstering market expansion. Market growth is also fueled by the
expanding retail network of vision care products across the country, and the
availability of a wide range of fashionable and corrective eyewear catering to
consumers' aesthetic tastes and medical needs.
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"India Vision Care Market”
The vision care
market in India is experiencing a remarkable surge, driven by various factors
that contribute to its growth. One of the key drivers is the growing elderly
population in the country, which has led to an increased demand for vision care
products and services. Additionally, there is a rising awareness among Indians
about the importance of maintaining good eye health. This increased awareness
can be attributed to educational campaigns conducted by both government
organizations and private entities, which highlight the significance of regular
eye check-ups and the early detection of eye-related disorders.
Technological
advancements in vision care products have also played a crucial role in the
expansion of the market. Innovations in the design, comfort, and functionality
of eyewear, along with the introduction of advanced corrective procedures like
LASIK, have provided consumers with a wide range of options to address their
vision needs. For instance, the use of lightweight materials such as
polycarbonate and Trivex for lenses has resulted in the production of
comfortable, high-quality eyewear that resonates with Indian consumers.
Another
significant development in the vision care market is the accelerated growth of
online retail. Online platforms offer the convenience of home-delivery, access
to a comprehensive selection of products, and the ability to compare prices.
Moreover, virtual 'try-on' services provided by these platforms enable
customers to choose frames that best suit their face shape and style, enhancing
the overall shopping experience.
However, the
market does face several challenges. The cost of quality eyewear and vision
correction procedures remains a barrier for lower-income groups, limiting their
access to these essential services. Additionally, the shortage of trained
optometrists in rural areas further hampers the accessibility of vision care.
Despite these challenges, the future of the vision care market in India appears
promising. Market players are devising strategies to expand their presence by
establishing stores in Tier II and Tier III cities and forming partnerships
with hospitals and clinics to offer vision care services. The government's
commitment to addressing vision impairment is evident through initiatives like
the 'National Programme for Control of Blindness and Visual Impairment'. With a
blend of innovation, increasing awareness, and strategic measures, the vision
care market in India is poised for significant growth in the years to come.
The India Vision
Care Market is segmented into product type, coating, lens material,
distribution channel, regional distribution, and company.
Based on
coating, the Indian vision care market is notably dominated by the high demand
for anti-glare coatings. This is primarily due to the increasing prevalence of
digital eye strain among the population, as people spend more and more time in
front of screens in both professional and personal contexts. The extensive use
of smartphones, tablets, and computers has led to a surge in eye-related
issues, including dryness, irritation, and fatigue. As a result, individuals are
seeking solutions to alleviate these symptoms and protect their eyes from
harmful glare.
Anti-glare
coatings play a crucial role in addressing these concerns. By reducing the
strain caused by reflected light, they provide a comfortable viewing experience
and enhance visual clarity. This makes them an increasingly popular choice for
both glasses and contact lens wearers. Moreover, the growing awareness about
the benefits of these coatings, such as improved contrast and reduced eye
fatigue, has contributed to their rising demand. Furthermore, factors like the
rise in disposable income and the willingness to invest in eye care have
further fueled the demand for anti-glare coatings. With an increasing focus on
overall well-being and the recognition of the importance of maintaining good
eye health, individuals are more inclined to prioritize eye care and seek out
products that can enhance their visual experience.
Based on region,
North India is currently dominating the Indian vision care market due to a
combination of factors. The region's dense population, comprising of millions
of individuals, leads to a significantly higher demand for vision care products
and services. Moreover, there is an increased prevalence of lifestyle diseases
such as diabetes, which can have adverse effects on eyesight, further fueling
the need for comprehensive vision care. Additionally, the region's strong
economic growth, driven by various industries and sectors, supports higher
disposable incomes among its residents. This economic prosperity enables more
people to afford and access quality vision care products and services, ensuring
better eye health and overall well-being. Furthermore, the presence of numerous
leading vision care companies in North India, with their extensive distribution
networks and easy availability of products, contributes significantly to the
region's dominance in the market. With a thriving ecosystem that addresses the
diverse needs of individuals, North India continues to lead the way in
providing optimal vision care solutions to its population.
Major companies
operating in India Vision Care Market are:
- Bausch and Lomb India Pvt Ltd.
- Alcon Laboratories Pvt Ltd
- Hoya Lens India Pvt Ltd
- Johnson & Johnson Ltd
- Luxottica India Eyewear Pvt Ltd
- Novartis India Ltd.
- Carl Zeiss India Pvt Ltd.
- Rodenstock
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“The future of
the Vision Care Market in India appears highly promising, with substantial
growth anticipated in the coming years. This positive outlook can be attributed
to several factors. Firstly, the increasing population in India is leading to a
higher demand for vision care services and products. Additionally, there is a
rise in disposable income among individuals, enabling them to allocate more
resources towards eye health and care. Furthermore, there is a growing
awareness of the importance of eye health, prompting individuals to seek
regular eye check-ups and invest in suitable vision care solutions. Moreover,
the continuous advancements in technology have paved the way for innovative and
cutting-edge eyewear products, providing consumers with a wider range of
choices that cater to both functionality and style. These factors combined
contribute to the optimistic outlook for the Vision Care Market in India,
making it a promising sector with ample opportunities for growth and
development in the foreseeable future.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“India Vision Care Market By Product Type (Eyeglasses, Contact Lens,
Intraocular Lens, Others), By Coating (Anti-Glare, Anti reflecting, Others), By
Lens Material (Normal Glass, Polycarbonate, Trivex, Others), By Distribution
Channel (Retail Stores, E-Commerce, Clinics, Hospitals), By Region,
Competition, Forecast & Opportunities, 2019-2019F”, has evaluated the future growth
potential of India Vision Care Market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in
India Vision Care Market.
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