Contact lens market size of over $13 billion will grow at a CAGR
New York, Oct. 20, 2022 (GLOBE NEWSWIRE) — According to the latest market research from The Insight Partners, titled “contact lens market Size, Share, Trends, Growth Strategy and Forecast to 2028 – Impact of COVID-19 and Global Analysis – by Material, Design, Application, Distribution Channel and Geography”, the global contact lens market size was assessed to USD 9.22 billion in 2021 and is expected to reach USD 13.05 billion in 2028 with an estimated CAGR of 5.1% from 2022 to 2028.
Download Sample PDF Brochure of Contact Lenses Market Size – Impact of COVID-19 and Global Analysis with strategic insights on: https://www.theinsightpartners.com/sample/TIPMD00002613/
Global contact lens market Report Scope, Segmentations, Regional and Country Scope:
|Market size Value in||$9.22 billion in 2021|
|Market Size Value by||$13.05 billion in 2028|
|Rate of growth||CAGR of 5.1% between 2022 and 2028.|
|Year of reference||2021|
|Number of pages||150|
|Historical data available||Yes|
|Segments Covered||Material Design Application and Distribution Channel|
|Regional scope||North America; Europe; Asia Pacific; Latin America; AEM|
|Country scope||United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Report cover||Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends|
Global Contact Lens Market: Competitive Landscape
EssilorLuxottica; Alcon Inc.; Johnson & Johnson Services, Inc.; Bausch & Lomb Incorporated; The Cooper Companies Inc.; HOYA company; SynergEyes, Inc.; STAAR Surgical Society; X-Cel specialist contacts; and Medennium are the major market players profiled in the study. Several other major companies have also been researched and analyzed in this research study to get a holistic view of the Contact Lenses market and its ecosystem.
Impact of the COVID-19 pandemic on the global contact lens market:
The COVID-19 outbreak has reflected a drop in demand for contact lenses around the world. The pandemic has considerable social and economic ramifications in various sectors and industries. In the case of contact lenses, the market declined due to the limited number of eye care consultations.
Major market players such as Bausch + Lomb, The Cooper Companies Inc and Johnson and Johnson reported declining sales due to lower sales and operations. This has led leading and emerging companies to change their business strategies to adapt. Thus, the impact of COVID-19 has somewhat hampered the global contact lens market.
Request before purchase: https://www.theinsightpartners.com/inquiry/TIPMD00002613/
The increase in vision problems and aesthetic needs is driving the contact lens market:
Rising prevalence of myopia and other visual disorders and increase in vision disorders among the growing geriatric population is influencing the growth of the contact lens market. Moreover, the growing trend of improving aesthetics among the young population and increasing disposable income of consumers is further boosting the market. Emerging economies create market opportunities. However, alternative treatments for visual disorders are holding back the market.
According to the article published in Healio Journal (2022) entitled “Census shows high prevalence of pediatric myopia in the United States”, a group of researchers reported a total of 19,512,708 children with myopia and a national prevalence of 36.1% among the US population in 2020. Additionally, according to statistics published by the National Eye Institute, in 2019, approximately 34.1 million Americans were nearsighted and 14.1 million were farsighted. These numbers are expected to increase in the coming years as it is estimated that 39 million will be nearsighted and 20 million will be farsighted by 2030.
These statistics also represented that approximately 1.3 million Americans were blind and 2.9 million people had low vision. It is estimated that approximately 2.2 million Americans will be blind by 2030. Similarly, approximately 5 million Americans will have low vision by 2030. Therefore, an increase in eye disorders will lead to an increasing demand for contact lenses over the next few years.
Quickly purchase a premium copy of the Contact Lenses Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPMD00002613/
e-Insights: e-Insights is the one stop solution for all your market research needs. It includes market size and forecasts from millions of market nodes along with thousands of company profiles and live news feeds.
The e-Insights includes a repository of over thousands of reports spread across important areas such as aerospace and defence; Automotive and Transportation; Biotechnology; chemicals and materials; Electronics and Semiconductor; Energy and electricity; Food and drinks ; health informatics; manufacturing and construction; Medical device; Medications; Technology, media and telecommunications.
Each report provides in-depth analysis on the topic and discusses the drivers, restraints, and opportunities available in the market. The e-Insights is designed to help our customers in their decision support system. The analysis also covers the full spectrum of the research topic to help our clients achieve their business goals.
The Company section of the report covers global players (existing and emerging). We group all the companies listed in the report after our desk research based on parameters such as company revenue, product portfolio, and geographic presence.
News sections follow the latest developments in subscribed industries and keep you up to date with the latest competition and regulatory information.
Demo request: https://www.theinsightpartners.com/e-Insights/
Browse related reports:
Intraocular Cataract Lens Implant Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Type (Non-Foldable Intraocular Lens (IOL) Implants, Foldable Intraocular Lens (IOL) Implants); End user (hospitals, ambulatory surgery centers, others)
Eye implant market Forecast to 2028 – Impact of Covid-19 and global analysis – by type (intraocular lenses, ocular prostheses, glaucoma implants, corneal implants and others); Application (glaucoma surgery, ocuplasty, others); End user (clinics specializing in ophthalmology, ophthalmological institutes, hospitals)
orthokeratology market Forecast to 2028 – Impact of Covid-19 and global analysis – by lens type (fluorosilicone acrylate, silicone acrylate, Balafilcon and Oprifocon A), application (myopia, hyperopia, presbyopia and astigmatism), distribution channel (hospitals, clinics of optometry and ophthalmology clinics) and geography
Eye Testing Equipment Market Forecast to 2028 – Covid-19 Impact and Global Analysis – By Device Type (Slit Lamp, Biometer, Perimeter, Tonometer, Optical Coherence Tomography (OCT), Fundus Camera, Autorefractor and Keratometer, Other devices); Application (General Examination, Glaucoma, Cataract, Others); End user (hospital, eye clinics, university institutes of optometry) and geography
Ophthalmic Imaging Equipment Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Product Type (Optical Coherence Tomography (OCT), General Eye Examination Products, Cornea and Cataract Examination Products, Chairs ophthalmic examination); End user (hospitals, eye clinics, optometry clinics, outpatient surgery centers, optical store) and geography
Optometry or Eye Equipment Market Forecast to 2028 – Impact of Covid-19 and Global Analysis – by Type (Retina and Glaucoma Examination Products, General Examination Products, Cornea and Cataract Examination Products); End user (hospitals and clinics); and Geography
Hadron Therapy Market Forecast to 2028 – Covid-19 Impact and Global Analysis – By Type (Alpha Particle Beam, Beta Particle Beam, Carbon Ion Beam, Electron Beam, Neutron Beam, Proton Beam); Application (bone and soft tissue cancer, eye cancer, head and neck cancer, liver cancer, lung cancer, pediatric cancer, prostate cancer, others); End user (hospitals, clinics, research centers) and geography
artificial eyes market Forecast to 2028 – Impact of Covid-19 and global analysis – by type (non-integrated implants, integrated implants); Technology (Electronics and Mechanics.)
Optical Lens Edger Market Forecast to 2028 – Impact of Covid-19 and Global Analysis – by Type (Manual Optical Lens Edgers, Automatic Optical Lens Edgers, Semi-Automatic Optical Lens Edgers); Application (glasses lens, microscope lens, camera lens)
eyelid surgery market Forecast to 2028 – Covid-19 Impact and Global Analysis – By Product (Laser Shield, Laser Instruments, Other Surgical Instruments); Type of procedure (upper eyelid, lower eyelid); End users (hospitals and clinics, plastic surgery centers) and geography
The Insight Partners is an industry unique research provider of actionable intelligence. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Health IT, Manufacturing and Construction, Medical Devices , technology, media and telecommunications, chemicals and materials.
If you have any questions about this report or would like further information, please contact us:
Contact person: Sameer Joshi
E-mail: [email protected]
Press release: https://www.theinsightpartners.com/pr/contact-lenses-market