Essilor International, subsidiary of EssilorLuxottica, published a
ground-breaking report that defines the global scale of uncorrected poor vision
– the world’s largest disability which overwhelmingly impacts the developing
world –and outlines, for the first time, solutions to eliminate it within one
generation. According to the report, a total investment of $14 billion over the
next 30 years is required to eliminate uncorrected poor vision by 2050.
Uncorrected poor vision is the world’s most widespread disability: it affects
2.7 billion people
across the globe, 90% of whom live at the economic base of the pyramid, and
costs the global economy $272 billion in lost productivity each year. By 2050,
uncorrected poor vision is predicted to reach epidemic proportions with over 50%
of the world’s population expected to suffer from myopia, many with serious
vision-threatening side effects and drastic long-term implications.
To gather more evidence-based insight into the scale of this vision care
crisis, accelerate the identification of possible solutions and mobilize both
public and private stakeholders, Essilor initiated the report “Eliminating
poor vision in a Generation: What will it take to eliminate uncorrected
refractive errors by 2050?” using analytical support provided by McKinsey.
Its findings suggest that uncorrected poor vision can be eliminated by 2050
through an investment of $14 billion over the next 30 years, dedicated to
creating sustainable access points to eye care, innovating for affordable
solutions, funding subsidized and free services, and raising awareness.
Using the
key findings of the report as a starting point, Essilor hosted a panel
discussion, in partnership with the social enterprise and media platform Devex,
on the sidelines of 74th Session of the United Nations General Assembly.
The discussions examined how public and private stakeholders can jointly
overcome the obstacles to meeting the 2050 target of universal vision. The
event, held on 24 September 2019 in New York, gathered representatives from
non-governmental organizations, health communities, multilateral agencies and
international bodies.
Click HERE for the full press release.