The contact lens market is poised to grow at a brisk pace

contact lens market

New York, according to a new market research report published by Global Insight Services, the contact lens market is expected to reach US$XX billion by 2031. The report includes in-depth segmentation and market size data by categories, product types, applications and geographies. The report also includes a comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, and recent events such as merger and acquisition activities in the market.

A contact lens is a thin, curved lens that is placed directly on the surface of the eye. Contact lenses are used to correct vision, for cosmetic purposes or for therapeutic purposes. There are two main types of contact lenses: soft lenses and rigid gas permeable lenses. Soft lenses are made of a flexible material that allows oxygen to pass through the cornea, and they are the most common type of lens. Rigid gas permeable lenses are made of a harder material that does not let oxygen through, but they allow more oxygen to reach the cornea than soft lenses.

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Key trends

Major trends in contact lens technology are miniaturization, improved oxygen permeability, and improved biocompatibility.

Miniaturization: As technology advances, the possibility of miniaturizing products also increases. This is also true for contact lenses, which are now smaller and thinner than ever. This is especially beneficial for those with smaller eyes, as it provides a more comfortable fit.

Improved Oxygen Permeability: One of the most important functions of contact lenses is to allow oxygen to reach the eye. This is essential for maintaining healthy corneas. In the past, contact lenses weren’t very good at this, but new materials and manufacturing techniques have dramatically improved oxygen permeability. This is important for daily wear and extended wear lenses.

Improved biocompatibility: Another key trend is improved biocompatibility. This means contact lenses are less likely to cause irritation or other problems. This is due to improved materials and coatings that help reduce irritation.

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Key factors

Key drivers for the contact lens market include increasing adoption of contact lenses by the population, growing preference for contact lenses over eyeglasses, and availability of wide range of contact lenses.

The growing adoption of contact lenses is attributed to the growing awareness of the benefits of contact lenses and the availability of a wide range of contact lenses.

The growing preference for contact lenses over glasses is attributed to the fact that contact lenses provide a natural appearance and are more comfortable to wear.

The availability of a wide range of contact lenses is attributed to the increasing number of manufacturers and the availability of advanced manufacturing technologies.

Market segments

The contact lens market is segmented by product type, design type, wear type, and region. By product type, the market is split into soft and gas permeable lenses. Based on the design type, it is divided into spherical, toric, multifocal and others. Based on the type of wear, it is classified into disposable and reusable. Regionally, the market is divided into North America, Europe, Asia Pacific and Rest of the World.

Key players

The contact lens market includes players such as CooperVision, Inc., Johnson & Johnson Vision Care, Inc., Hoya Vision Care Company, Alcon (division of Novartis AG), Bausch & Lomb Incorporated, BenQ Materials Corporation, ZEISS International, SEED Co. Ltd., Essilor International SA and Menicon Co. Ltd.

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Reasons to Buy Contact Lenses Market Report:

• Develop a comprehensive understanding of the market landscape – industry structure, value chain, key players, trends, drivers and challenges
• Drive revenue and market entry strategy by gaining insights into the most important and fastest growing segments and geographies
• Formulate sales and marketing strategies by gaining an understanding of competitors, their positioning and their strengths and weaknesses
• Develop business and M&A strategies by understanding the latest trends and emerging market players
• Refine your business plans by understanding the impact of disruptions such as Covid-19 and the Russian-Ukrainian conflict on the market

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research company headquartered in Delaware, USA. We are committed to providing our clients with the highest quality data, analysis and tools to meet all of their market research needs. With GIS, you can be assured of quality deliverables, a robust and transparent research methodology, and superior service.

This press release was published on openPR.

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