Novartis AG
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Health Care : Pharmaceuticals | Large Cap Blend
Based in Switzerland
Company profile

Novartis AG is a Switzerland-based pharmaceutical company. The Company develops, manufactures, and markets branded and generic prescription drugs, active pharmaceutical ingredients (APIs), biosimilars and ophthalmic products. The Company uses science and digital technologies for treatments in the disease areas of immunology, dermatology, cancer, ophthalmology, neuroscience, respiratory, cardiovascular, renal and metabolism. The business activities of the Company are divided into two segments: Innovative Medicines, which includes innovative patent-protected prescription medicines for blood pressure, cancer and other ailments, and Sandoz, which includes generic pharmaceuticals and biosimilars.

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Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$91.62
Day's Change
1.38 (1.53%)
Bid
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Ask
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B/A Size
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Day's High
91.62
Day's Low
91.05
Volume
(Light)
Volume:
877,980

10-day average volume:
2,601,086
877,980

Eyewear Market Size is Worth USD 178.95 Billion and Exhibit a CAGR of 5.7%; Gain from Increasing Prevalence of Ocular Disorders Worldwide: Fortune Business Insights reports

8:06 am ET October 30, 2020 (Globe Newswire) Print

The global eyewear market size is anticipated to expand owing to the increasing awareness about ocular diseases, coupled with the rise in prevalence of vision abnormality. A report on eyewear market by Fortune Business Insights. According to the report, the eyewear market size is predicted to be worth USD 178.95 billion by the end of 2026 from USD 115.90 billion in 2018. The forecast period is set from 2019 to 2026 and the market is expected to exhibit a CAGR of 5.7%. With respect to product type, the market will be dominated by the spectacles segment owing to the rising prevalence of eye disorders such as hypermetropia and myopia.

Key Industry Developments:

-- 2018 - Carl Zeiss Vision introduced Zeiss UV Protect, a new eyewear lens technology, designed for protection against the ultraviolet radiation (UVR) exposure.

-- July 30, 2019 - For creating a true global eyewear and eyecare company, EssilorLuxottica intends to acquire the complete ownership of GrandVision.

-- August 2019 - A soft contact lens recycling program was launched by CooperVision in partnership with TerraCycle.

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/eyewear-market-101749

Rise in Prevalence of Ocular Diseases to Drive Market

Eyewear comprises of accessories and items that can be worn over the eyes. They are used for various purposes, such as for protection against environment, embellishment or fashion purpose, or for enhancing or improving vision. Eyewear products are basically in the form of contact lenses, sunglasses, and spectacles.

In addition, they help to protect against UVB and UVA sun rays and aid to treat ocular diseases such as short or long-sightedness, and others. Rise in the availability of spectacles in online channels and retail stores from both developing and developed nations is expected to increase the demand for higher-value sunglasses.

The surge in brand advertising has urged consumers to become brand conscious, thus adding a boost to eyewear market growth. Rise in the geriatric population and their vulnerability towards eye disorders, infections, and diseases will promote the use of spectacles and contact lenses. This, in turn, is prognosticated to increase the eyewear market share in the forthcoming years.

Click here to get the short-term and long-term impact of COVID-19 on this market.

Please visit: https://www.fortunebusinessinsights.com/industry-reports/eyewear-market-101749

North America to Continue Dominance Owing to Presence of Increasing Awareness about Eye Problems

The global eyewear market is geographically segmented into five regions namely Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. In 2018, North America generated an eyewear market revenue of USD 35.60 billion and dominated the market.

This domination is attributable to factors such as a rise in awareness about ocular disorders, and preference for premium eye care products. On the other side, Europe eyewear market will rise at a remarkable rate owing to an increase in affordability to buy expensive sunglasses in nations such as UK, France, and Germany.

Quick Buy - Eyewear Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101749

Johnson and Johnson Services Inc., followed by Alcon Dominating Market

The eyewear market is fragmented in nature due to the presence of both local and international players. Currently, two players are dominating the market namely, Johnson and Johnson Services, followed by Alcon. Apart from key developments in the eyewear market, the report throws light on some of the significant players functioning in the market. These include:

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/eyewear-market-101749

Global Eyewear Market Segmentations:

By Product Type

? Spectacles

o Frames

o Lens

? Sunglasses

o Plano

o Prescription

? Contact Lens

o Toric

o Multifocal

o Sphere

By Distribution Channel

? Retail Store

? Online Store

? Ophthalmic Clinic

By Geography

? North America (U.S. and Canada)

? Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

? Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

? Latin America (Brazil, Mexico, and Rest of Latin America)

? Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/eyewear-market-101749

SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:

-- Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies

-- Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.

-- Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility

-- Number of procedures and average price of procedures

-- Replacement rate and pricing of capital equipment

-- Market dynamics in relation to the market under focus - Drivers, restraints, trends, and opportunities

-- Market & technological trends, new product developments, product pipeline.

Have a Look at Related Reports:

U.S. Reading Glasses Market Share and Global Trend By Age Group (Less than 18 years,18-64 years, 65 years and greater), By Corrective Strength (+1 to +2, +2.25 to +3, Greater than +3), By Type (Prescription Reading Glasses, OTC Reading Glasses) and Geography Forecast till 2026

Medical Robotic Systems Market Share and Global Trend By By Product (Surgical Robots, Telepresence Robots, Rehabilitation Robots), By End User (Hospitals, Ambulatory Surgery Centers, Rehabilitation Centers) & Geography Forecast till 2026

Vision Care Market Share & Industry Analysis, By Product Type (Eyewear, Intraocular Lens, and Ocular Health), By Distribution Channel (Retail Store, Online Store, Hospital & Clinics), and Regional Forecast, 2019-2026

Ophthalmic Disease Therapeutics Market Share and Global Trend By Disease Indication (Glaucoma, Retinal Diseases, Dry Eye Disease, Allergy & Infections), By Drug Class (Anti-inflammatory, Anti-infectives, Anti-VEGF, Anti-glaucoma), By Dosage Form (Solid, Liquid, Semi-solid), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy) By Geography Forecast till 2026

Ophthalmic Lasers Market Share and Global Trend By Type (Excimer Lasers, Femtosecond Lasers, Nd Yag Lasers, Diode Lasers), Technology (Photodisruption, Selective Laser Trabeculoplasty, Photocoagulation), Application (Cataract Treatment, Glaucoma Treatment, Refractive Errors Treatment), End-User (Ophthalmic Laser Centers,Hospitals ) & Geography Forecast till 2026

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Press Release: https://www.fortunebusinessinsights.com/press-release/eyewear-market-9421

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