Top 3 Trends Fuelling Growth of the Eye Health Supplements Market Globally

Everstone capital has recently invested US$ 35 Mn in OmniActive Health Technologies Ltd, which makes nutraceuticals ingredients for a significant minority stake. Moreover, Abbott Laboratories, which is a healthcare company has recently acquired St Jude Medical for US$ 25 Bn in April 2017. In addition, Sanat has recently acquired Hindustan Herbals Limited (HHL), and took over 100% of the manufacturing of all extracts and phytochemicals. Due to such factors, growth of the global eye health supplements market over the coming years.

The global eye health supplements market is expected to witness a growth of 6.2% CAGR over the forecast period, 2016-2024. Ingredients among others will account for over 60% share globally in the span of next seven years. Moreover, age-related macular degeneration among other disease indications will grow at 6.5% CAGR over the coming years.

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Trends significantly propelling growth of the eye health supplements market include,

  1. Surge in Acquisitions and Mergers:

Various companies operating in the eye health supplements market globally are increasingly entering into mergers and acquisitions. Recently, Abbott Laboratories, which is a healthcare company has acquired St Jude Medical for US$ 25 Mn in April 2017. Moreover, Everstone capital has recently invested US$ 35 Mn in OmniActive Health Technologies Ltd., which makes nutraceuticals ingredients for a significant minority stake. In addition, a subsidiary of Valeant Pharmaceuticals, Bausch + Lomb recently announced its launch of new multipurpose solutions for silicone and soft hydrogel contact lenses. Due to such factors, growth of the eye health supplements market will witness a surge globally in the span of next seven years.

Companies that are operating in the eye health supplements market globally are likely to adopt various distribution channels in order to increase the sale of their products and widen the outreach of the consumers. Moreover, manufacturers of eye health products will collaborate with various distribution channels such as e-commerce and hypermarket stores in order to expand the product reach among customers.

  1. Self-reliant Medication and Treatment:

While prevalence of eye problems such as glaucoma, cataracts and macular degeneration is increasing today, eye health supplements are likely to witness an upsurge in demand over the coming years. Additionally, growing preference of self-reliant medication and treatment has further fuelled growth of the eye health supplements market globally. In addition, as various companies operating in the healthcare industry are witnessed to collaborate with clinics and hospitals, eye health supplements will witness a boost in growth in the span of next seven years. Furthermore, people prefer fast treatment as compared to visiting various clinics and hospitals innumerable times. Due to such factors, growth of the global market will witness a surge in the span of next seven years.

The age-related macular degeneration will witness a growth of 6.5% CAGR over the coming years. Moreover, the age-related degeneration will create an absolute opportunity of over US$ 70 Mn in 2017 over 2016. In addition, the eye health supplements market is likely to gain more than 100 BPS by the end of 2024 over 2016.

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  1. Regional Analysis:

Latin America among other regions will represent the most attractive segment in the global market over the coming years. In addition, the eye health supplements market in Latin America will represent an attractiveness index of 2.5 in the span of next seven years. Moreover, growing prevalence of age-related macular degeneration in the U.K. will lead to significant growth opportunities in the region for providers of eye health supplement products over the coming years.

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