Contact Lens Market Size, Growth Opportunities, Revenue Share Analysis and Forecast to 2028
Contact Lens Market Trend – Strong Demand for Contact Lenses in Asia Pacific
VANCOUVER, BC, CANADA, Dec 1, 2021 /EINPresswire.com/ – Contact lens market size is expected to reach USD 11.91 billion in 2028 and register a stable CAGR over the forecast period, according to latest analysis from Emergen Research. The increase in refractive disorders among different age groups, the growth of the geriatric population, changing lifestyles, rapid urbanization and increasing problems associated with diabetes are major factors that are boosting the global contact lens market revenue growth. Contact lenses provide more comfort and convenience, and the increase in consumer affordability due to increased disposable income as well as the easy availability of a wide range of products, are factors that should continue to support the growth of the world market in the future.
Athletes with vision problems nowadays prefer to use contact lenses during sports activities because of the better convenience and safety compared to glasses or glasses worn outdoors. A significant number of young people experience vision difficulties such as myopia and hyperopia or astigmatism, which can be avoided by using prescribed corrective lenses.
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Purpose of the report:
The report offers a comprehensive analysis of the global Contact Lenses market with details about each market player including company profile, financial standing, global position, revenue contribution, production capacity and manufacturing, business expansion plans and new product launches. Key players are developing various plans such as 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.
Some key findings from the report:
In January 2020, Bausch + Lomb expanded its settings for toric contact lenses. This expansion has helped Bausch + Lomb provide the tools eyecare professionals need to meet the unique visual needs of their patients.
The corrective lens segment accounted for a significant share of the revenue in the global market in 2020. This can be attributed to the high prevalence of eye disorders and the rapid increase in the global geriatric population and the growing prevalence of rabies. vision and sight problems.
North America accounted for 32.1% of the global contact lens market in 2020. The robust presence of a key market player and growing ophthalmology research is a key driver for the market growth in this region. .
Download the summary of the report: https://www.emergenresearch.com/industry-report/contact-lenses-market
For the purpose of this report, Emergen Research has segmented the global contact lens market on the basis of usage, design, material, application, marketing channel, and region:
Usage Outlook (Revenue: USD Billion; 2018-2028)
Design Outlook (Revenue: USD Billion; 2018-2028)
Material Outlook (Revenue: USD Billion; 2018-2028)
Rigid Gas Permeable
Application Outlook (Revenue: USD Billion; 2018-2028)
Marketing Channel Outlook (Revenue: USD Billion; 2018-2028)
Summary of key points from the report:
The report offers a comprehensive overview of the market size, share, and growth rate in the forecast span.
It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.
The study categorizes the market on the basis of product types, applications, end users, market value and volume, industry sectors, and 5 major regions.
It also offers regional market analysis and forecast for major geographies of the industry namely North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. .
Industry supply chain, sourcing strategy, upstream raw materials and downstream demand analysis have also been undertaken in the research report.
The study offers a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and overall market mapping.
The report uses different analysis tools including SWOT analysis, Porter’s five forces analysis, and price analysis to deliver precise insights into the market.
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Regional Outlook (Revenue, USD Million; 2018-2028)
The rest of europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of the MEA
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