Growing prevalence of
optical disorders, increasing preference for contact lens over prescription
eyeglasses and rising disposable incomes to drive global contact lens market through
2024
According
to TechSci Research report, “Global
Contact Lenses Market By Product Type, By Design,
By Wear Type, By Distribution Channel, By Region, Competition, Forecast &
Opportunities, 2024”, the global contact lenses market is expected to grow at a CAGR
of around 6% during the forecast period on account of increasing cases of visual
inaccuracies such as hypermetropia/hyperopia, myopia, astigmatism, presbyopia
and others, launch of specialized products with advanced features providing
high optical comfort with lesser side effects. However, the limitation of
trained ophthalmologists and opticians might hamper the growth of the market.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on
" Global Contact Lenses Market"
Global contact lenses market can be segmented based on product type, design,
wear type, distribution channel and region. In terms of product type, the
market can be segmented into soft contact lenses, gas permeable contact lenses,
hybrid contact lenses and others. Among them, hybrid contact lenses category is
anticipated to record a higher growth rate through 2024 as these lenses are
more comfortable to wear and are extensively used by people suffering from
astigmatism and keratoconus. Based on design, the market is segmented into
spherical, toric and other products. Among them, spherical contact lenses
dominated the market until 2018 and is expected to maintain its dominance over
the forecast period owing to higher adoption of these lenses by optometrists
and patients to treat myopia or hyperopia.
Bausch + Lomb (Valeant Pharmaceuticals International), Alcon (Novartis
International AG), Johnson & Johnson, Carl Zeiss Meditec AG, Hoya
Corporation, The Cooper Companies, Benq Materials Corporation, Menicon Co.,
Ltd., Seed Co., Ltd, Essilor Group, etc., are some of the leading players
operating in global contact lenses market. Product launches and partnerships
with suppliers and distributors are some of the strategies that are adopted by
the leading players in order to strengthen their product portfolio. For instance, Mark´Ennovy Personalized Care, a
European contact lens manufacturer, collaborated with Capricornia Contact Lens
Pty. Ltd., a contact lenses distributor and manufacturer.
Customers can also
request for 10% free customization on this report.
“The
global contact lenses market is anticipated to register a CAGR of around 6%
during the next five years owing to application of corrective contact lenses in
the treatment of visual inaccuracies coupled with rising disposable income. Moreover,
the use of colored cosmetic lenses is anticipated to increase exponentially,
especially across the entertainment and fashion industries, would further steer
growth in global contact lens market during the forecast period.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Contact Lenses Market By Product Type, By Design,
By Wear Type, By Distribution Channel, By Region, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of global contact lenses market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global contact lenses market.
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About TechSci Research
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