Although there are significant progress in preventing and curing visual impairment in many countries since last twenty years, according to World Health Organization (WHO) around 285 million (In the year 2013) people are still visually impaired across the world. It is a matter of great concern. The reasons may be varied. However, we cannot deny the fact that there is still a lot to be done to save the people from going blind.      

Any disturbance in the normal sense of vision can be termed as vision disorders. Myopia, hyperopia, astigmatism, presbyopia, conjunctivitis, cataract, corneal abrasion, entropion and glaucoma are some of the vision disorders, affecting majority of the population across the world. Improper nutrition, various infections, traumatic eye injury, insertion of foreign objects and growing age are major causes for majority of the vision disorders.

Vision disorders: Control and prevention

According WHO, 80 percent of visually impaired people can be cured by using simple eye examinations like abnormality in a frequency of blinking, size of pupil and color of the eye. The disorders can be confirmed by suitable clinical and retinal tests such as corneal topography, keratometry, pachymetry, fluorescein angiography, Indocyanine Green study (ICG) dye test and other related tests. However, ignorance and negligence are leading severe eye complications or permanent vision loss.

The report published by Centers for Disease Control and Prevention (CDC), revealed that approximately 14 million Americans above age of twelve are affected by various vision disorders in 2004. All these reports are alarming towards the need of immediate treatment for vision disorders across the world. This precisely a reason that the market for visual disorders may continue to grow in future.

There are many companies which are involved in extensive research and development activities associated with these disorders such as United States based National Eye Institute working on clinical trials for nutritional supplements for age related cataract. Alcon Research is working on small incision cataract surgery. AqueSys, Inc. evaluating safety of AqueSys XEN 45 glaucoma implant in refractory glaucoma. Apart from this, University of Pennsylvania in collaboration with local NGOs is working on ancillary therapy of different eye infections.

In case of region wise achievements in fighting against the visual disorders, Brazil has been providing eye care service through the national social security system since last decade. While, Morocco has launched a public effort to control glaucoma, China has invested over 100 million dollars in cataract surgeries since 2009. Oman has completely integrated eye care service provision in the primary health care framework over the last decade and India since 1995 has made available funds for eye care service provision for the poorest at district level.

To reduce the burden of chronic eye diseases WHO is also coordinating a global research efforts to map services and policies for controlling diabetic retinopathy, glaucoma, age related macular degeneration and refractive errors. To support comprehensive eye care systems, WHO continues to provide epidemiologic and public health technical support to its member states.

Vision Disorders Market Segmentation

Coming towards market point of view, the market for vision disorders can be segmented according to different perspectives such as regional geography and types of disorder. It can be segmented in four regions namely North American, Europe, Asia-Pacific and Rest of the World. Out of all these segments North America region have highest contribution in terms of value because of large number of population within the reach of treatment, high awareness and better reimbursement policies.

Followed by this Europe, Asia-Pacific and Rest of the World respectively are major segments of the market. The market can also be segmented among disorders such as cataract, glaucoma, eye infections and refractive errors. Along with this, the market for visual disorders can be categorized into drugs and devices available for the treatment.

Currently various established pharmaceutical and biotechnology companies are catering the needs of visual disorders by providing drugs and lenses. Pfizer, Alcon, Novartis, Johnson & Johnson, Hoffmann-La Roche Ltd. and GlaxoSmithKline are leading contributors in drug therapy, while Novartis and Bausch & Lomb are major players in lenses.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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