The contact lenses market size is expected to reach USD 11.91 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Increase in refractive disorders among varying age groups, growing geriatric population, changing lifestyle, rapid urbanization, and increase in problems associated with diabetes are major factors boosting revenue growth of the global contact lenses market. Contact lenses offer more comfort and convenience, and increasing consumer affordability due to rising disposable income along with easy availability of a wide range of products, are factors that are expected to continue to support global market growth going ahead.
The Research Report focuses on competitive landscape of industry that includes company profiles, business overview, sales area, market performance and manufacturing cost structure. The report analyzes the global primary production, consumption, and fastest-growing countries with prominent players in the global industry. Key market observation is showed to make key findings on business growth. In the competitive assessment section, this Contact Lenses Market report sheds light on the list of manufacturers, market conditions, current trends, company profiles, and market innovations. It also includes various growth opportunities of top players.
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Contact Lenses Market : Competitive Landscape
The prominent players operating in the Contact Lenses Market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Contact Lenses Market .
Some of the prominent players operating in the market are:
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.
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The report offers these individuals a vivid description of the competitive spectrum of the global Contact Lenses Market .The global health emergency has beleaguered the global economy, thereby disrupting this particular business domain’s functioning mechanism. It assesses the present market scenario and forecasts the pandemic’s aftermath in this business sector to help organizations boost their COVID-19 preparedness.
What’s Included in the Report –
Global Contact Lenses Market size and growth projections, 2020-2027
Industry Segmentation and regional growth revenue forecast for market
Competitive landscape, strategies and market share analysis
Contact Lenses Market size, share, and growth projections across regions and countries
Contact Lenses Market size and CAGR of key products, applications, and end-user verticals
Short and long term Contact Lenses Market trends, drivers, restraints, and opportunities
Porter’s Five forces analysis
Profiles of 5 leading companies in the industry- overview, key strategies, financials, and products
Latest market news, developments, growth opportunities and trends analysis
Some Key Highlights From the Report :
In January 2020, Bausch + Lomb expanded its parameters for toric contact lenses. This expansion helped Bausch + Lomb provide the necessary tools for eye care professionals to address unique vision needs of their patients.
Corrective lenses segment accounted for major revenue share in the global market in 2020. This can be attributed to major prevalence of eye disorders and rapidly increasing global geriatric population and rising prevalence of a rage of vision- and sight-related issues.
North America accounted for 32.1% share in the global contact lenses market in 2020. Robust presence of key market player and rising research on ophthalmology is a key factor driving growth of the market in this region.
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For the purpose of this report, Emergen Research has segmented the global contact lenses market based on usage, design, material, application, marketing channel, and region:
Usage Outlook (Revenue: USD Billion; 2018–2028)
- Daily Wear
- Disposable
- Reusable
- Extended Wear
- Traditional lenses
Design Outlook (Revenue: USD Billion; 2018–2028)
- Monovision
- Spherical
- Toric
- Multifocal
Material Outlook (Revenue: USD Billion; 2018–2028)
- Hybrid
- Silicone Hydrogel
- Rigid Gas Permeable
- PMMA
Application Outlook (Revenue: USD Billion; 2018–2028)
- Therapeutic
- Lifestyle-Oriented
- Prosthetic
- Cosmetic
- Corrective
Marketing Channel Outlook (Revenue: USD Billion; 2018–2028)
- Online
- Offline
- Retail Stores
- Brand Showrooms
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Regional Bifurcation of the Contact Lenses Market Includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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About Emergen Research
Emergen Research is a Market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer Market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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