Contact Lens Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

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Report Code: ZMR-2791 | Report Format : | Status : Upcoming |

Abstract

Global Contact Lens Market: Overview

Contact lenses offer an improved all-around vision as well as clear peripheral image, unlike other corrective glasses available in the market. They are considered more comfortable and easy to wear as compared to the regular glasses. The benefit of using contact lens as compared to the corrective glasses is they can be worn in any kind of climatic conditions, sports, or outdoor activities. Furthermore, the expansion of improved contact lenses will propel the global contact lens market in the years to come due to its high expansion opportunities and prospects. A significant development gaining several grounds in the global market is the growing popularity and demand of eye highlights. The youngsters are continuously altering their eye colors utilizing colored or fancy contact lenses.

Global Contact Lens Market: Growth Factors

The rising aging inhabitants and increasing trend of youngsters to improve their aesthetic look are few of the most important factors that are anticipated to fuel the demand and popularity for the global contact lens market. The development of the overall financial system and the growing disposable income all over the world are additional aspects fuelling the contact lens market expansion.

Development in ophthalmology and increasing demand and popularity for the more competent and innovative glaucoma administration approach are the major aspects likely to fuel the development of global contact lens market. Growing occurrence of glaucoma, rising cases of diabetes associated to several complications such as cataract, eye disorders, and blindness, increasing aging demographics along with presbyopia, intensifying demand, and popularity for self-monitoring devices, and consumer-friendly factor are some of the aspects that are propelling the development of the global contact lens market. As per the American Diabetes Association, several diabetes patients are almost 45% more at risk to glaucoma and 65% more probable to build up cataract than individuals who do not suffer from diabetes and the vulnerability to diabetes-associated glaucoma grows with age.

Global Contact Lens Market: Segmentation

The contact lens market has been categorized based on the end user, application, and geography. In terms of application, the contact lens market is bifurcated into intraocular pressure monitoring and continuous glucose monitoring. In terms of end-user type, the contact lens market is bifurcated into clinics and home-care settings.

Global Contact Lens Market: Regional Analysis

The market in Japan is anticipated to experience massive growth prospects and opportunities in the contact lens market, due to circle lenses which are particularly designed to improve the look of the eyes. The circle/round lenses cover up with the white section/part of eyes with the iris. Presence of majority of the contact lens manufacturing in the Asia Pacific is a major factor driving the growth of the contact lens market. Also, it is been expected that these products have created inroads in the U.S. province. The development of cosmetic lenses, enthused by growing utilization of cosmetic lenses in the entertainment and media division, anticipate boosting the demand for the contact lens market.

The South American market is also likely to witness high development rate in the coming future.

Global Contact Lens Market: Competitive Players

Some of the most important market players in the global contact lens market are Bausch & Lomb Incorporated, Johnson & Johnson Services, Inc., CooperVision, Inc., CIBA Vision, and others.

Global Contact Lens Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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