Contact Lenses Market Scope, Size, Trends, Share, Growth, Analysis 2021-26 – Ripon College Days
According to the latest report from the IMARC group “Contact Lens Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global contact lens market showed moderate growth over the period 2015-2020. Looking ahead, IMARC Group expects the market to grow at a CAGR of around 5% during the period 2021-2026.
Contact lenses are thin, curved lenses worn over the tear films of the eye to correct refractive defects in vision. They also help improve the vision of people with myopia, hyperopia, presbyopia and astigmatism. They are usually available by prescription from an ophthalmologist to prevent future complications, such as vision loss or blindness, inflammation, and infections.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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As vision weakens with age, the growing geriatric population positively influences the demand for contact lenses for vision correction. Additionally, the increasing participation of individuals in sports and other physical activities is catalyzing the need for contact lenses to reduce the risk of eye injury and provide better compatibility with safety equipment. Additionally, the introduction of special lenses to slow the progression of farsightedness and treat keratoconus and other corneal irregularities in children offers favorable market prospects. Additionally, increasing investments by major market players in the manufacture of ultraviolet (UV) inhibiting lenses and colored lenses for cosmetic purposes are expected to propel the market growth.
Breakdown by material:
- Gas permeable
- Silicone Hydrogel
Break by design:
Breakdown by use:
- Disposable Daily
- Frequent replacement
Breakdown by application:
- Lifestyle oriented
Breakdown by distribution channel:
- Eye care professionals
- Retail stores
Market Breakdown by Region:
- North America (USA, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive landscape with a key player:
- Alcon Vision LLC
- Bausch & Lomb Incorporated
- Carl Zeiss AG
- Contamac Holdings Limited
- EssilorLuxottica SA
- Hoya Company
- Johnson & Johnson
- Menicon Co.Ltd.
- SEED Co.Ltd.
- Cooper Companies Inc.
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As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as consumer behaviors in the industry around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
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