Essilor Releases Findings from Vision Report

Pictured (L-R): Jayanth Bhuvaraghan, chief mission officer of EssilorLuxottica and Essilor International; Nick Martin, deputy CEO, The Fred Hollows Foundation; Allyala Nandakumar, chief economist at the Office of the Global AIDS Coordinator, USA and former chief economist for Global Health, USAID; Serge Resnikoff, M.D., Ph.D., international expert on eye health and former senior policy advisor and coordinator, World Health Organization; and Liz Smith, co-founder and chief executive, EYElliance

Essilor International, subsidiary of EssilorLuxottica, shared the findings of its new report, "Eliminating poor vision in a Generation: What will it take to eliminate uncorrected refractive errors by 2050?" during a panel discussion event on Sept. 24, on the sidelines of the 74th Session of the United Nations General Assembly.

According to the report, which received analytical support from McKinsey & Company, a total investment of $14 billion over the next 30 years is required to eliminate uncorrected poor vision by 2050. The report also found that 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 more than 50% of the world’s population expected to suffer from myopia, many with serious vision-threatening side effects and long-term implications. 

To combat this, Essilor’s panel discussion gathered representatives from non-governmental organizations, health communities, multilateral agencies, and international bodies to examine how public and private stakeholders can overcome the obstacles to meeting the 2050 target of universal vision.

"As the world leader in ophthalmic optics, and a firm believer in business as a force for good, our ambition is to eliminate poor vision within one generation," says Hubert Sagnières, executive vice-chairman of EssilorLuxottica and chairman of Essilor International. "While there have been many successful initiatives by both public and private actors in recent years, there is clearly a need to do more to bring good vision to everyone. At the same time, there is simply no blueprint to achieve our ambition. This report will provide the necessary guidance while engaging the different stakeholders towards one goal. It illustrates our endeavor to take our efforts further by investigating this vision crisis and uncovering how to solve it. Governments, NGOs, bilateral and multilateral organizations, donors, eye care professionals, and the private sector all have a role to play as we have a once in a lifetime opportunity to end a public health crisis."

To download the full report: