The contact lenses market size is expected to reach USD 11.91 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. The report analyzes the Contact Lenses market by taking into consideration the key factors that drive or restrain the growth of the market. The report considers COVID-19 as one such factor. The report is furnished with the current market scenario and changes in the trends and dynamics of the industry with regard to the impact of the COVID-19 pandemic on the Contact Lenses market.
Sportspersons with vision-related issues in current times prefer using contact lenses during sports activities due to better convenience and safety as compared to eyeglasses or externally worn eyewear. A sizable ratio of younger individuals experience sight difficulties such as nearsightedness and farsightedness or astigmatism, which can be prevented by using prescribed corrective lenses.
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Some Key Findings in the Report:
- Corrective lenses segment accounted for major revenue share in the global market in 2020. This can be attributed to major prevalence of eye disorders and rapidly increasing global geriatric population and rising prevalence of a rage of vision- and sight-related issues.
- North America accounted for 32.1% share in the global contact lenses market in 2020. Robust presence of key market player and rising research on ophthalmology is a key factor driving growth of the market in this region.
- Key players operating in the market are Johnson & Johnson, Bausch + Lomb, Alcon, Carl Zeiss Meditec AG, HOYA Corporation, The Cooper Companies, Seed Co., Ltd., EssilorLuxottica (France), BenQ Materials Corporation, and Menicon Co., Ltd.
Contact Lenses Market Segmentation:
For the purpose of this report, Emergen Research has segmented the global contact lenses market based on usage, design, material, application, marketing channel, and region:
- Usage Outlook (Revenue: USD Billion; 2018–2028)
- Daily Wear
- Disposable
- Reusable
- Extended Wear
- Traditional lenses
- Daily Wear
- Design Outlook (Revenue: USD Billion; 2018–2028)
- Monovision
- Spherical
- Toric
- Multifocal
- Material Outlook (Revenue: USD Billion; 2018–2028)
- Hybrid
- Silicone Hydrogel
- Rigid Gas Permeable
- PMMA
- Application Outlook (Revenue: USD Billion; 2018–2028)
- Therapeutic
- Lifestyle-Oriented
- Prosthetic
- Cosmetic
- Corrective
- Marketing Channel Outlook (Revenue: USD Billion; 2018–2028)
- Online
- Offline
- Retail Stores
- Brand Showrooms
Regional Fragmentation:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Additional information offered by the report:
- A complete overview of the global Contact Lenses market.
- Detailed examination of the various market dynamics, including drivers, opportunities, challenges, threats, constraints, and development prospects prevailing in the global market.
- Diverse market trends observed on regional and global levels. The report also elaborates on the market size and shares governed by the major geographies, combined with a precise growth forecast analysis, cost analysis, micro- and macro-economic indicators, and regulatory framework.
- A vivid analysis of the company profiles of the key market contenders operating in the global Contact Lenses market.
- Extensive research & development assessment, and a detailed study of the growing demand for new products and the increasing application of the existing andnew products.
Table Of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2028
Chapter 3. Key Insights
Chapter 4. Contact Lenses Market Segmentation & Impact Analysis
4.1. Contact Lenses Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increase in the number of eye diseases across the world
4.2.2.2. Growing aging population
4.2.3. Market restraints analysis
4.2.3.1. High price of contact lens
4.2.3.2. lack of professional eye care services
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Contact Lenses Market By Usages Insights & Trends, Revenue (USD Billion)
5.1. Usage Dynamics & Market Share, 2018 & 2028
5.1.1. Daily Wear
5.1.2. Extended Wear
5.1.3. Traditional lenses
READ MORE…!
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