Vision Care Market by Product and Geography - Forecast and Analysis 2022-2026
- Published: Sep 2022
- Pages: 147
- SKU: IRTNTR70777
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The vision care market share is expected to increase by USD 13.96 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.79%.
This vision care market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers vision care market segmentations by product (glass lens, contact lens, intraocular lenses, contact lens solution, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The vision care market report also offers information on several market vendors, including UltraVision CLPL, Alcon Inc., Bausch Health Co Inc, Carl Zeiss AG, EssilorLuxottica SA, Ginko International Co. Ltd., HOYA Vision Care Europe Hoya Holdings N.V, Johnson and Johnson, Menicon Co. Ltd., Mojo Vision Inc., NIDEK Co. Ltd, Ophtec BV, SAV IOL SA, Seiko Optical Products Co. Ltd., Sensimed AG, Shanghai Conant Optical Co. Ltd., St.Shine Optical Co. Ltd., SynergEyes Inc., The Cooper Companies Inc., and Visioneering Technologies Inc. among others.
What will the Vision Care Market Size be During the Forecast Period?
Download Report Sample to Unlock the Vision Care Market Size for the Forecast Period and Other Important Statistics
Vision Care Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The rise in M&A is notably driving the vision care market growth, although factors such as limitations in vision care products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the vision care industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Vision Care Market Driver
The rise in M&A is one of the key drivers supporting the vision care market growth. Due to the presence of a significant number of vendors, the intense rivalry among the players increases the focus on product differentiation, products with advanced technology, and collaborations with an increased number of end-users. In recent years, a few significant acquisitions have taken place in the market. For instance, in March 2021, Zeiss completed the acquisition of US Vision Corp.'s optical laboratory in Blackwood, US. This new addition helps Zeiss expand its R&D network in the US. Such instances of M&A drive increased product promotions, reduce additional costs, and streamline product development among vendors, which contributes to the growth of the market in terms of value and volume.
Key Vision Care Market Trend
Frequent innovative product launches is one of the key vision care market trends contributing to market growth. Typically, the increased frequency of product launches rises the interest levels of prospective consumers who tend to follow market innovations for optimum treatment or required products. For instance, in June 2021, Johnson and Johnson launched the Tecnis Synergy Toric II IOL, advanced PC-IOLs for cataract patients. The new product provides enhanced near vision and improved continuous vision for cataract patients. Such cumulative product launches generate significant consumer interest, which increases the revenue of the global vision care market during the forecast period.
Key Vision Care Market Challenge
The limitations in vision care products is one of the factors hampering the vision care market growth. Contact lenses can cause irritation to the eye for some individuals. Also, contaminated contact lenses or lenses that are worn for too long can lead to medical conditions such as keratitis. In some cases, particularly with daily disposable contact lenses, the overall cost of lenses may be much higher when compared with buying a regular pair of glasses. Moreover, contact lens-related discomfort can encourage people to opt for vision correction surgery. Such limitations may hamper the market growth during the forecast period.
This vision care market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global vision care market as a part of the global personal products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the vision care market during the forecast period.
Who are the Major Vision Care Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- UltraVision CLPL
- Alcon Inc.
- Bausch Health Co Inc
- Carl Zeiss AG
- EssilorLuxottica SA
- Ginko International Co. Ltd.
- HOYA Vision Care Europe Hoya Holdings N.V
- Johnson and Johnson
- Menicon Co. Ltd.
- Mojo Vision Inc.
- NIDEK Co. Ltd
- Ophtec BV
- SAV IOL SA
- Seiko Optical Products Co. Ltd.
- Sensimed AG
- Shanghai Conant Optical Co. Ltd.
- St.Shine Optical Co. Ltd.
- SynergEyes Inc.
- The Cooper Companies Inc.
- Visioneering Technologies Inc.
This statistical study of the vision care market encompasses successful business strategies deployed by the key vendors. The vision care market is fragmented and the vendors are deploying growth strategies such as expansions, M&A, and innovative product launches to compete in the market.
Product Insights and News
- Alcon Inc. - Through the surgical segment, the company offers implantable, consumables, and equipment used in cataract, retinal, and refractive surgeries.
- Alcon Inc. - The company offers vision care products such as Contact Lenses, Allergy Eye Drops, and Eyelid Wipes.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The vision care market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Vision Care Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the vision care market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Vision Care Market?
For more insights on the market share of various regions Request PDF Sample now!
36% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the vision care market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Another region offering significant growth opportunities to vendors is North America. The rising investments in the healthcare sector in the US will facilitate the vision care market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
.In 2020, the outbreak of COVID-19 affected the growth of the market. However, in 2021, due to the introduction of COVID-19 vaccines, lockdowns were lifted, and ophthalmic services were rescheduled. Thus, the region is expected to witness pent-up demand for healthcare services, which will increase the growth of the regional market during the forecast period.
What are the Revenue-generating Product Segments in the Vision Care Market?
To gain further insights on the market contribution of various segments Request PDF Sample
The vision care market share growth by the glass lens segment will be significant during the forecast period. Office work includes activities such as reading, typing, writing, and filing, which increase the risk of strain on the eyes. Moreover, with advances in technology, many of these tasks are combined and performed on personal computers, laptops, and other electronic devices, thus increasing the risk of eye problems. Also, globally, the geriatric population is at an increased risk of visual impairment, due to the process of aging and chronic eye diseases. Therefore, the need for a glass lens increases the market demand.
This report provides an accurate prediction of the contribution of all the segments to the growth of the vision care market size and actionable market insights on the post-COVID-19 impact on each segment.
You may be interested in the regional reports:
US Vision Care market - The market share is expected to grow at a CAGR of 5.04% over the period 2014-2019.
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Vision Care Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.79% |
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Market growth 2022-2026 |
$13.96 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
3.04 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 36% |
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Key consumer countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
UltraVision CLPL, Alcon Inc., Bausch Health Co Inc, Carl Zeiss AG, EssilorLuxottica SA, Ginko International Co. Ltd., HOYA Vision Care Europe Hoya Holdings N.V, Johnson and Johnson, Menicon Co. Ltd., Mojo Vision Inc., NIDEK Co. Ltd, Ophtec BV, SAV IOL SA, Seiko Optical Products Co. Ltd., Sensimed AG, Shanghai Conant Optical Co. Ltd., St.Shine Optical Co. Ltd., SynergEyes Inc., The Cooper Companies Inc., and Visioneering Technologies Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Vision Care Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive vision care market growth during the next five years
- Precise estimation of the vision care market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the vision care industry across North America, Europe, APAC, South America, and Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of vision care market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Glass lens - Market size and forecast 2021-2026
- Exhibit 28: Chart on Glass lens - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Glass lens - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Glass lens - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Glass lens - Year-over-year growth 2021-2026 (%)
- 5.4 Contact lens - Market size and forecast 2021-2026
- Exhibit 32: Chart on Contact lens - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Contact lens - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Contact lens - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Contact lens - Year-over-year growth 2021-2026 (%)
- 5.5 Intraocular lenses - Market size and forecast 2021-2026
- Exhibit 36: Chart on Intraocular lenses - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Intraocular lenses - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Intraocular lenses - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Intraocular lenses - Year-over-year growth 2021-2026 (%)
- 5.6 Contact lens solution - Market size and forecast 2021-2026
- Exhibit 40: Chart on Contact lens solution - Market size and forecast 2021-2026 ($ billion)
- Exhibit 41: Data Table on Contact lens solution - Market size and forecast 2021-2026 ($ billion)
- Exhibit 42: Chart on Contact lens solution - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Contact lens solution - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by Product
- Exhibit 48: Market opportunity by Product ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 Japan - Market size and forecast 2021-2026
- Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.12 UK - Market size and forecast 2021-2026
- Exhibit 90: Chart on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 91: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 92: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 Alcon Inc.
- Exhibit 101: Alcon Inc. - Overview
- Exhibit 102: Alcon Inc. - Business segments
- Exhibit 103: Alcon Inc. - Key offerings
- Exhibit 104: Alcon Inc. - Segment focus
- 10.4 Bausch Health Co Inc
- Exhibit 105: Bausch Health Co Inc - Overview
- Exhibit 106: Bausch Health Co Inc - Business segments
- Exhibit 107: Bausch Health Co Inc - Key news
- Exhibit 108: Bausch Health Co Inc - Key offerings
- Exhibit 109: Bausch Health Co Inc - Segment focus
- 10.5 Carl Zeiss AG
- Exhibit 110: Carl Zeiss AG - Overview
- Exhibit 111: Carl Zeiss AG - Business segments
- Exhibit 112: Carl Zeiss AG - Key offerings
- Exhibit 113: Carl Zeiss AG - Segment focus
- 10.6 EssilorLuxottica SA
- Exhibit 114: EssilorLuxottica SA - Overview
- Exhibit 115: EssilorLuxottica SA - Business segments
- Exhibit 116: EssilorLuxottica SA - Key offerings
- Exhibit 117: EssilorLuxottica SA - Segment focus
- 10.7 Johnson and Johnson
- Exhibit 118: Johnson and Johnson - Overview
- Exhibit 119: Johnson and Johnson - Business segments
- Exhibit 120: Johnson and Johnson - Key news
- Exhibit 121: Johnson and Johnson - Key offerings
- Exhibit 122: Johnson and Johnson - Segment focus
- 10.8 Menicon Co. Ltd.
- Exhibit 123: Menicon Co. Ltd. - Overview
- Exhibit 124: Menicon Co. Ltd. - Product / Service
- Exhibit 125: Menicon Co. Ltd. - Key news
- Exhibit 126: Menicon Co. Ltd. - Key offerings
- 10.9 Sensimed AG
- Exhibit 127: Sensimed AG - Overview
- Exhibit 128: Sensimed AG - Product / Service
- Exhibit 129: Sensimed AG - Key offerings
- 10.10 SynergEyes Inc.
- Exhibit 130: SynergEyes Inc. - Overview
- Exhibit 131: SynergEyes Inc. - Product / Service
- Exhibit 132: SynergEyes Inc. - Key offerings
- 10.11 The Cooper Companies Inc.
- Exhibit 133: The Cooper Companies Inc. - Overview
- Exhibit 134: The Cooper Companies Inc. - Business segments
- Exhibit 135: The Cooper Companies Inc. - Key offerings
- Exhibit 136: The Cooper Companies Inc. - Segment focus
- 10.12 UltraVision CLPL
- Exhibit 137: UltraVision CLPL - Overview
- Exhibit 138: UltraVision CLPL - Product / Service
- Exhibit 139: UltraVision CLPL - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 140: Inclusions checklist
- Exhibit 141: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 142: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 143: Research methodology
- Exhibit 144: Validation techniques employed for market sizing
- Exhibit 145: Information sources
- 11.5 List of abbreviations
- Exhibit 146: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- China
- Japan
- Germany
- UK
- Rise in M and A
- Frequent innovative product launches
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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