Contact Lenses Market Forecast 2027
The Global Contact Lenses Market is expected to register a CAGR of 5.70% during the forecast period with a market value of USD 12,330.46 Million till 2025.
Contact lenses are plastic-like ocular prosthetic devices positioned on the eyeball for the improvement of vision. It allows a natural field of view, have no frames to obstruct one’s vision, and reduce distortions. Contact lenses are medical devices that the US Food and Drug Administration (FDA) controls and regulates. In addition, it is only possible to purchase cosmetic and prescription contact lenses with a prescription.
The growing adoption of contact lenses for correction of multiple vision defects including refractive errors such as myopia presbyopia hyperopia, , and astigmatism is likely to drive the growth of the global Contact Lenses Market Forecast during the forecast period.
Get a Sample Request @ https://www.marketresearchfuture.com/sample_request/6210
Major Key Players:
Novartis AG, Neovision Co, Ltd, Seed Co. Ltd, Hoya Corporation, Oculus Private Limited, Camax Optical Corp., CooperVision, Inc. (The Cooper Companies Inc.), Menicon Co., Ltd, Bausch Health, Johnson & Johnson Services Inc., St. Shine Optical Co., Ltd.
Segment Analysis
The global Contact Lenses Market, by wear type, has been segmented into daily disposable lenses, disposable lenses, frequent replacement lenses, conventional lenses. Based on type, the global Contact Lenses Market s has been divided into corrective lens, therapeutic lenses, and cosmetic and lifestyle-oriented lens. The global Contact Lenses Market Forecast, by material, has been segmented into silicone hydrogel soft contact lens, methacrylate hydrogel soft contact lens, gas-permeable contact lens, and others. The global Contact Lenses Market Forecast, by design segments has been classified into spherical lens, toric lens, multifocal lens, others.
Regional Analysis
The global Contact Lenses Market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is likely to hold the largest share of the global Contact Lenses Market. The rising population of people who wear contact lens, increasing prevalence of eye-related diseases, and growing adoption of cosmetic lens among the younger population, and high funding toward R&D in the US and Canada are likely to support the dominance of the Americas during the forecast period.
The Europe market established substantial growth in the market owing to the high adoption of contact lenses and increasing occurrences of age-related eye diseases in countries such as the UK, Germany, France, and Spain.
Asia-Pacific is estimated to be the fastest growing region in the global market due to the increasing prevalence of eye disorders and rising adoption of contact lens among the youth. Additionally, rising investments by major players in the market in Asia-Pacific region is likely to drive the growth of the market.
The Contact Lenses Market in the Middle East & Africa is expected to grow due to the rising awareness about contact lenses coupled increasing collaborations and agreements to commercialize contact lenses products.
Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/contact-lenses-market-6210
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact Us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street, 5Th Floor,
New York, New York 10013
United States of America
+1 646 845 9312
Email: [email protected]
The latest report published on Up Market Research, on Contact Lenses Market Analysis offers comprehensive analysis, delivering detailed market data and penetrating insights.
The Global Contact Lenses Market is projected to grow at a healthy growth rate from 2018 to 2023 according to new research.
The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.Contact Lenses Market Analysis Report provides an overview of the various factors enabling growth in the market.
It also presents insights into various restraints that pose threat and highlights opportunities that will help the market pick pace in the forthcoming years.
The report compiles exhaustive information obtained via proven research methodologies and from trusted sources from within the industries.
It also includes expert opinions to provide readers a clearer perspective regarding the global market.
DEC 14 2020: The global Contact Lenses market size is expected to reach USD 19.26 billion by 2027, according to a new report by Radiant Insights, Inc.
The market is anticipated to exhibit a CAGR of 5.0% from 2020 to 2027.The use of innovative materials for manufacturing contact lenses and increasing adoption of contact lenses are prominent factors boosting the growth of the market.
The rising consumer consciousness regarding physical appearance and vision correction advantages of the product are projected to drive the market growth.
Factors such as rising disposable income and improvement in the overall global economy are anticipated to further propel the growth.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/contact-lenses-market-analysis/request-sampleContact lens manufacturers are the source for wholesale distributors as well as retail distributors.
Significant growth of the market can be attributed to factors such as increasing number of active lens wearers and technological advancements including the development of silicon hydrogel material for the soft lenses for convenient usage are expected to bode well for the growth of the contact lenses market in the forthcoming years.In the material segment, the hybrid contact lens is expected to portray the highest CAGR over the forecast period.
Based on usage, the daily disposables contact lenses accounted for the largest market share in 2019.Further key findings from the report suggest:Soft lenses segment is expected to generate the highest revenue over the forecast period.
