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Vision Care Market Share Report ($98.96 Billion by 2028) Lead by Eyeglasses Segment – Exclusive Report by The Insight Partners

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New York, Feb. 28, 2023 (GLOBE NEWSWIRE) — According to The Insight Partners, “Vision Care Market Size, Share, Growth, Trends and Global Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type (Eye Glasses, Contact Lens, Intraocular Lens, and Others) and Distribution Channel (Retail Stores, E-Commerce, Clinics, and Hospitals)” the global vision care market growth is driven by growing prevalence of eye diseases, increasing awareness of vision care and rising funds for eye care research.

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Global Vision Care Market – Report Scope:

Market Size Value in USD 74.11 Billion in 2022
Market Size Value by USD 98.96 Billion by 2028
Growth rate CAGR of 4.9% from 2022 to 2028
Forecast Period 2022-2028
Base Year 2022
No. of Pages 162
No. of Tables 57
No. of Charts & Figures 69
Historical data available Yes
Segments covered Product Type, and Distribution Channel

Global Vision Care Market Analysis: Competitive Landscape and Key Developments

Alcon Inc, Bausch Health Companies Inc, Carl Zeiss AG, Cooper Companies Inc, Essilorluxottica SA, Johnson & Johnson Services Inc., Hoya Corporation, Rodenstock GmbH, Menicon Co. Ltd, and Rayner Intraocular Lenses Limited are a few of the key companies operating in the vision care market. The market leaders focus on new product launches, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities.

In March 2022, Alcon Inc launched the Clareon family of IOLs in the US. Using Alcon’s most advanced IOL material, Clareon can deliver consistent visual outcomes and exceptional clarity that lasts.

In January 2021, Alcon Inc. launched its first and only non-diffractive extended depth of focus IOL—the AcrySof IQ VivityT IOL (Vivity)—in the US. This new lens is now available to all ophthalmologists in the US for operating cataract patients.

In October 2020, Bausch + Lomb introduced the SimplifEYE IOL delivery system, which is particularly available for the enVista MX60PL and the enVista toric MX60PT. It is the first preloaded toric IOL and is available in the US market.

In May 2020, Johnson & Johnson Services Inc launched TECNIS Multifocal Toric II IOL. This features a new generation of frosted haptics, offering more surface texture and friction between the lens haptics and the capsular bag.

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The US holds a significant share of the vision care market. The growth of the market in the country is primarily driven by the increasing prevalence of eye diseases. Further, the aging population in the US is likely to favor the adoption of vision care products. According to a study published by Population Reference Bureau in 2019, the number of individuals in the US aged 65 and above is estimated to double from 52 million in 2018 to ~95 million by 2060, and the 65 and more age group’s share of the total population will increase from 16% to 23% during this period. The elderly population is highly vulnerable to eye defects. Refractive errors are the most frequent eye problems in the US. Refractive errors include myopia (near-sightedness), hyperopia (farsightedness), astigmatism (distorted vision at all distances), and presbyopia, which occur among people of age 40–50. These can be corrected by eyeglasses, contact lenses, or surgeries. The National Eye Institute states that proper refractive correction could improve vision among 150 million Americans. Cataract, which is a leading cause of blindness worldwide, is characterized by the clouding of the eye lens; it is also the leading cause of vision loss in the US. An intraocular lens (IOLs) is a tiny, artificial lens that is used during cataract surgery. The rising prevalence of cataracts is driving the adoption of IOLs in the country. Refractive errors are common due to increasing stress on the eyes and the low nutritional value of diets. As per the American Academy of Ophthalmology, more than 34 million Americans aged 40 and more (i.e., 23.9% of this population) are myopic. In addition, a refractive error occurs in ~1 in 3 people, and the condition may occur in combination with near or farsightedness. According to a study conducted by the Centers for Disease Control and Prevention (CDC) in 2020, ~12 million people over age 40 in the US are suffering from vision impairment. The same study states that an estimated 6.8% of children below age 18 are diagnosed with some kind of eye condition in the US. Such a massive prevalence of eye conditions represents a lucrative opportunity for the progress of the vision care market in the US.

Impact of COVID-19 Pandemic on Global Vision Care Market Growth:

The rising number of COVID-19 patients led to an overall negative impact on the vision care market. Physical distancing measures were implemented widely to reduce disease transmission. Further to reduce the spread, clinic visits and elective surgeries were canceled in 2020. According to a survey by Alcon Canada, ~66% of the Canadian population requiring vision correction are spending more time on computer, tablet, or phone screens than they did before the pandemic, and ~31% feel their eyesight has gotten worse.

Moreover, a study conducted by a research firm Leger on 1,000 Canadians requiring vision correction estimated that one-third (34%) delayed the purchase of new contact lenses while another third (33%) delayed buying new glasses; ~40% were uncomfortable visiting their eye care clinics during the COVID pandemic.

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Vision Care Market: Segmental Overview

Based on product type, the vision care market is segmented into eyeglasses, contact lens, intraocular lens, and others. In 2022, the eyeglasses segment accounted for the largest market share. The same segment is anticipated to register the highest CAGR during the forecast period. Eyeglasses, also known as spectacles, consist of glass or plastic lenses mounted on frames. Eyeglasses are not only used for vision correction such as nearsightedness but are also used for cosmetic purposes. Corrective eyeglasses are used to correct refractive errors by properly bending the light entering the eye to reduce the effects of conditions such as farsightedness (hypermetropia), nearsightedness (myopia), or astigmatism. Eyeglasses are also used by laboratory technicians, construction workers, etc., for protection. Elderly people from the age group 65–75 wear corrective eyeglasses. Increasing incidences of refractive errors among the younger population, preference for eyeglasses over contact lens, and growing geriatric population are key factors driving the growth of the market for eyeglasses.

Browse other research published by The Insight Partners:

Global Embedded Vision Market Size Forecast to 2028 – COVID-19 Impact and Global Analysis By Component (Hardware, Software); Application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification, Predictive Maintenance); Vertical (Automotive, Electronics and Semiconductors, Healthcare, Retail, Others) and Geography

Global Computer Vision Market Size Forecast to 2028 – Covid-19 Impact and Global Analysis – by Component (Hardware, Software); Product (PC-based computer vision systems, Smart cameras-based computer vision systems); Application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification, Predictive Maintenance); Vertical (Industrial Vertical, Non-Industrial Vertical) and Geography

Global Machine Vision Systems Market Size to 2027 – Global Analysis and Forecasts by Type (Smart Machine Vision Systems, PC-Based Machine Vision Systems, and 3D Machine Vision Systems); Component (Cameras, Frame Grabbers, Processors, Illuminations & Optics, Vision Software, Vision Sensors, and Others); Interface (USB 2.0/USB 3.0, Camera Links, GigE, CoaXPress, Others); and End-User (Automotive, Electronics & Semiconductors, Food & Beverages, Pharmaceuticals, Logistics, and Others)

Global Vision Guided Robotics Market Size Forecast to 2027 – COVID-19 Impact and Global Analysis by Component Type (Software, Hardware, and Services), Type (2D-Vision System Robot and 3D-Vision System Robot), and Industry Vertical (Automotive, Aerospace & Defense, Food & Beverages, Healthcare & Pharmaceutical, Electrical & Electronic, and Metal Processing)

Global Vision Supplements Market Size Forecast to 2028 – Covid-19 Impact and Global Analysis – by Product (Vitamins, Minerals, Animal or Plant Derivatives, Fatty Acids, And Others); Form (Liquid, Gel, Powder, Capsule, And Tablet.); Distribution Channels (Online Retailing, Pharmacies/Drugstores, Health And Beauty Stores) and Geography

Global 3D Machine Vision Market Size Forecast to 2028 – COVID-19 Impact and Global Analysis By Offering (Hardware, Software); Product (PC Based, Smart Camera Based); Application (Quality Assurance and Inspection, Positioning and Guidance, Measurement, Identification); End-Use (Automotive, Pharmaceuticals and Chemicals, Electronics and Semiconductor, Pulp and Paper, Printing and Labeling, Others) and Geography

Global Computer Vision in Healthcare Market Size Forecast to 2028 – COVID-19 Impact and Global Analysis By Product and Services (Software, Hardware, Services); Application (Surgeries, Medical Imaging and Diagnostics, Other Applications); End User (Diagnostic Centers, Healthcare Providers, Other End Users) and Geography

Global Vision Positioning Market Size Forecast to 2028 – Covid-19 Impact and Global Analysis – by Component (Sensors, Camera Systems, Visual Markers, Others); Solution (Navigation, Analytics, Tracking, Industrial Solutions, Others); Platform (Unmanned Aerial Vehicle/Drones, Robotics, Automated Guided Vehicle, Others); Location (Indoor Positioning System, Outdoor Positioning System); Application (Commercial, Defense) and Geography

Global Robotic Vision Market Size Forecast to 2028 – COVID-19 Impact and Global Analysis by Component (Smart Camera, Lighting, Optics, Frame Grabber, Computer, Software, Others); Technology (2D, 3D); End User (Automotive, Packaging, Aerospace, Food Processing, Metal Processing, Electrical and Electronics, Others) and Geography

Global Automotive Vision Sensors Market Size Forecast to 2028 – COVID-19 Impact and Global Analysis By Product (Monocular Vision, Binocular (stereo) Vision); Application (Commercial Vehicle, Passenger Car) and Geography

Global Vision Sensor Market Size Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type (Code Readers, 3D Sensors, Monochrome Vision Sensors, Color Vision Sensors, Others); Application (Industrial Inspection and Verification, Code Reading, Localization, Gauging, Others); Industry Vertical (Pharmaceuticals, Consumer Electronics Industry, Food and Packaging, Electronics and Semiconductor, Automotive, Others) and Geography

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: [email protected]
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/vision-care-market

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Saviynt Appoints James Ross as RVP-ANZ to Strategically Accelerate Growth in the Australia and New Zealand Region

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LOS ANGELES, May 22, 2024 /PRNewswire/ — Saviynt, a leading provider of cloud-native identity and governance platform solutions, today announced the appointment of James Ross as RVP-ANZ as the company has seen rapid growth in the Australia and New Zealand (ANZ) region, with double digit growth year over year.

Saviynt has solidified its position as a key player in the cloud identity security landscape with its Identity Cloud. The company’s continued focus on innovation and client satisfaction has contributed significantly to building a safer Australia with prominent customers across the energy and utilities, finance, retail, energy, and transport and logistics sectors.
“James’ appointment as the Regional Vice President (RVP) for ANZ marks a strategic move to accelerate growth and solidify market presence in the region,” said Dan Mountstephen, SVP APAC at Saviynt. “With a proven track record of dynamic leadership at Collibra, ForgeRock, and CA Technologies, James brings a wealth of experience and expertise to the role. His visionary approach and collaborative spirit are poised to inspire and mobilize teams toward ambitious targets.”
Saviynt has consistently expanded its client base and deepened its relationships with existing customers through customized solutions and unparalleled support, cementing its reputation as a trusted partner in the region’s cybersecurity ecosystem. As RVP ANZ, Ross is set to foster key partnerships and implement agile strategies to propel the company towards new heights of success in the dynamic ANZ market.
“Joining Saviynt excites me because it’s an opportunity to help more organizations simplify their identity ecosystem in order to drive efficiencies and improved security posture. I am committed to leveraging Saviynt’s cutting-edge solutions to continue to broaden our partnerships in the region to improve our accessibility for customers, strengthen our regional delivery, whilst continuing to provide a great customer experience,” said Ross.
To learn more about Saviynt, please visit our website.
About Saviynt
Saviynt empowers enterprises to secure their digital transformation, safeguard critical assets, and meet regulatory compliance. With a vision to provide a secure and compliant future for all enterprises, Saviynt’s cutting-edge solutions have been recognized as industry leaders. For more information, please visit www.saviynt.com.
Press Contact
Jacklyn [email protected]
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Appdome Sweeps Cybersecurity Excellence Awards

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Unified Mobile Defense Platform Recognized for Innovation and Leadership Across Nine Cybersecurity Categories
REDWOOD CITY, Calif., May 21, 2024 /PRNewswire/ — Appdome, the mobile app economy’s one-stop shop for mobile defense, today announced it has received a total of nine (9) Cybersecurity Excellence Awards. The Appdome Unified Mobile App Defense Platform was awarded best in class across nine categories in recognition of the comprehensive breadth, depth and value of the Appdome platform to brands and enterprises alike.

“We congratulate Appdome on being recognized as an award winner in 9 categories of the 2024 Cybersecurity Excellence Awards,” said Holger Schulze, CEO of Cybersecurity Insiders and founder of the 600,000-member Information Security Community on LinkedIn, which organizes the 9th annual Cybersecurity Excellence Awards. “With over 600 entries across more than 300 categories, the awards are highly competitive. Appdome’s achievement reflects outstanding commitment to the core principles of excellence, innovation, and leadership in cybersecurity.”
Within a single pane of glass, Appdome delivers the most complete set of no-code, no-SDK, fully automated mobile defenses to mobile brands and enterprises, empowering mobile developers, cybersecurity, fraud and IT teams to deliver on any mobile cyber objective quickly and easily.
The nine (9) categories in which Appdome received a Cybersecurity Excellence Award are:
Mobile Security Platform: Appdome is the only enterprise-grade mobile security platform built for full mobile defense lifecycle management, visibility and control to brands and enterprises alike, including key features for build, test, release, monitor, response, and compliance automation. Mobile Security Automation: Appdome is the only mobile defense solution that uses machine learning to code and build over 300+ mobile app security, anti-fraud, anti-cheat, anti-malware, anti-bot, geo-compliance and other defenses in Android & iOS apps in the DevOps pipeline.Mobile Social Engineering Defense:  The Appdome Social Engineering Prevention solution is the first of its kind to protect mobile users from voice phishing (Vishing) scams and other imposter scams, T.O.A.D. attacks, Remote Access Trojans (RATs), Gold Pickaxe, FaceID bypass and more without an SDK or external servers.Mobile Bot Defense: The Appdome MOBILEBot™ Defense solution is the first mobile anti-bot solution to come out of the box compatible with any industry standard web application firewall (WAF) on the market and provide multi-layered bot, credential stuffing and Account Take Over (ATO) defense without an SDK, external server, performance limits, or restrictions.Mobile Geo Compliance:  Only the Appdome Mobile Geo-Compliance solution guarantees accurate and authentic geo location of mobile devices, applications and users without code or coding in the mobile app, without implementing an SDK and without deploying additional servers.Mobile XDR: The Appdome ThreatScope™ Mobile XDR solution is the only mobile attack and threat monitoring service that comes pre-packaged into the mobile defense lifecycle, requires no device agent, device profile, separate code, coding, SDK or server, and provides real-time detection and automated response across internal (employee facing) and external (consumer facing) Android & iOS apps.DevOps Mobile Security Tool: The Appdome platform’s fully integrated Security Release Management™ capabilities and Appdome Certified Secure™ mobile DevSecOps certification offer the only true enterprise-grade compliance assurance, audit and control for mobile defense at brands and enterprises, allowing quick verification that all security, anti-fraud and compliance objectives have been met.   Mobile Application Security:  With 300+ separate defenses for mobile apps, Appdome has the most comprehensive set of mobile application security features available in one product, fully compatible with all mobile Android & iOS apps.”Nine Cybersecurity Excellence Awards for Mobile Defense tells a very compelling story for the incredibly complex Dev, Sec, and Ops challenges organizations face detecting and defeating mobile-based risks and attacks,” said Chris Roeckl, Chief Product Officer at Appdome. “Point products make these challenges worse by adding complexity and overloading already taxed cyber and engineering teams. Appdome is the only platform simplifying work, bringing all these unique challenges under a single pane of glass, delivering 300+ protections and simultaneously resolving the security, fraud, resilience and compliance challenges brands and enterprises face.”
Learn more about the award-winning Appdome Platform at www.appdome.com or request a personalized demo at https://www.appdome.com/request-a-demo/appdome-home/
The full list of awards are available from the Cybersecurity Excellence Awards website  https://cybersecurity-excellence-awards.com/
About AppdomeThe Appdome mission is to protect every mobile app and mobile user in the world. Appdome provides the mobile industry’s only Unified Mobile App Defense platform, powered by a patented mobile coding engine, Threat-Events™ Threat-Aware UX/UI Control, and ThreatScope™ Mobile XDR. Using Appdome, mobile brands eliminate complexity, ship faster and save money by delivering 300+ Certified Secure™ mobile app security, anti-malware, anti-fraud, mobile anti-bot, anti-cheat, geo compliance, MiTM attack prevention, code obfuscation, social engineering and other protections in Android and iOS apps with ease, inside the mobile DevOps and CI/CD pipeline. Leading financial, healthcare, government and m-commerce brands use Appdome to protect Android and iOS apps, mobile customers and mobile businesses globally. Appdome holds several patents including U.S. Patents 9,934,017 B2, 10,310,870 B2, 10,606,582 B2, 11,243,748 B2 and 11,294,663 B2. Additional patents pending.
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Courageous Whistleblowers Reclaim Derogatory Terms As Data Shows 80% of Financial Professionals Stay Silent on Suspected Internal Fraud, Fearing Retaliation

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Enron whistleblower, Sherron Watkins, alongside stars of Apple TV’s The Big Conn, Sarah Carver and Jennifer Griffith, reclaim derogatory labels for whistleblowers          Concerning new data shows more than half of financial professionals in the UK and US have spotted or suspected internal fraud in their workplaces, yet four out of five stay silent fearing retaliation          32% of professionals in finance have seen whistleblowers victimized behind their back or to their faceJACKSONVILLE, Fla., May 21, 2024 /PRNewswire/ — New data from fraud detection software company Medius shows more than half of financial professionals in the UK and US (56%) have spotted or suspected internal fraud in their workplaces yet four in five (81%) stayed silent. When asked why, 45% of professionals cited the fear of recrimination.

Whistleblowers Sherron Watkins, Sarah Carver and Jennifer Griffith have joined forces to reclaim the derogatory names they were called after reporting serious internal financial fraud.
To help empower others to come forward, the whistleblowers are reclaiming the terms “snitch”, “rat” and “traitor”.
Sherron Watkins is the former Vice President of Enron Corporation who alerted the CEO to accounting irregularities, warning the organization “‘might implode in a wave of accounting scandals.” Watkins received national acclaim for her courageous actions and TIME magazine named her along with two others as their Persons of the Year in 2002, calling them simply ‘The Whistleblowers.’
Sarah Carver and Jennifer Griffith are the stars of Apple TV’s The Big Conn after they exposed a fraud scheme of more than $550 million while employed at the Social Security Administration. In efforts to silence their disclosures, they experienced multiple acts of severe retaliation and were denied protection. Ultimately, both Carver and Griffith were forced from employment.
Concerns of repercussions are vindicated – the survey reveals the extent to which financial professionals in the UK and US have witnessed negative consequences for whistleblowers firsthand:           
59% have seen whistleblowers subsequently left out of important decisions           33% have seen whistleblowers moved to a different team           32% have heard whistleblowers called derogatory names behind their backs or directly to their faceWhen asked what would encourage them to flag suspicious activity, 93% of workers surveyed would feel more comfortable doing so if they had more evidence, yet nearly half (48%) said the legal system simply does not adequately protect whistleblowers.
Jim Lucier, CEO at Medius, a leading global provider of cloud-based accounts payable automation and spend management solutions, said:
“White collar crime is on the rise and no organization is safe. Employees are the last line of defense against fraud but confidence to report suspicious activity is declining. AI anomaly-detection technology can provide employees with the evidence and assurances they need to be more forthcoming. Building a culture where employees feel comfortable to report their suspicions could save organizations millions in the long-run.”
Medius works with over 4,000 customers across 102 countries and processes $200 billion in annual spend. It uses the power of AI and automation to detect fraud the moment invoices are submitted safeguarding against bad actors and potential threats, internal and external.
Sherron Watkins, whistleblower who was called a “snitch”, said: “When someone is troubled by corporate wrongdoing and they attempt to sound the alarm, the pathway is uncharted, things happen organically. Normal rational people speak about their concerns with their closest friends and work colleagues, who often suggest staying safe saying “keep your head down, if you must report, go soft, nothing black and white.” Yet black and white evidence is what is needed to get the attention of those in power, either internally or with media or outside watchdog groups to prevent or stop fraudulent activity.”  
Jennifer Griffith, whistleblower who was called a “traitor”, said: “Choosing to blow the whistle involves more than just the desire to right a wrong.  It’s about protecting their employers from fraud. However, it’s more often than not seen as causing trouble for the employer, or as a self-serving action to get a financial reward. No one who chooses to blow the whistle expects to have their reputation attacked, their credibility impugned or to lose their job. The cost of ignoring a whistleblowers complaints are far greater than acknowledging that a problem exists and taking steps to fix it.  It’s been 19 years since I blew the whistle and the problems that existed then with the Social Security Administration still exist today. We must do more to protect whistleblowers.”
Sarah Carver, whistleblower who was called a “rat”, said: “The government’s attempt to conceal the fraud resulted in exacerbated damage, whereas a more prudent approach would have entailed immediate acknowledgement and rectification upon initial disclosure. The retaliatory measures aimed at silencing me made me stronger and fight harder to find someone to listen and stop the fraud.”
Georgina Hallford-Hall, CEO of Whistleblowers UK, said: “Too many organisations talk the talk but fail to engage with whistleblowers often at great cost to both. Technology used properly can remove the fear that both organisations and whistleblowers have about dealing with whistleblowing because it removes the person and focuses on the concerns or malfeasance. WhistleblowersUK are calling on the UK government to introduce an Independent Office of the Whistleblower to protect everyone from discrimination setting standards that end stigmatisation and discrimination making it safe to speak up.”
The billboard advertising campaign runs on Wall Street from Saturday, 18th May to Friday, 24th May 2024.
For more information about how Medius can prevent fraud, visit: https://www.medius.com/whistleblowing/
Notes to Editor
Methodology
The research was conducted by Censuswide with 1500 financial professionals in the UK and US (aged 18+) between 04/22/24 – 05/07/24. Censuswide abide by and employ members of the Market Research Society which is based on the ESOMAR principles and are members of The British Polling Council.
For more information, please contact: 
Fight or Flight for [email protected] / +44 330 133 0985
This information was brought to you by Cision http://news.cision.com
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