The new report by Expert Market Research titled, ‘Global Contact Lenses Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the Global Contact Lenses Market, assessing the market based on its segments like material, design, applications, distribution channel, and regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/contact-lenses-market/requestsample
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 11.8 Billion
- Forecast CAGR (2023-2028): 6.9%
The rising incidences of near-sightedness among people who spend a significant amount of time in front of screens are expected to fuel market expansion throughout the forecast period. The hybrid segment accounts for a major proportion of the market based on material and is expected to develop significantly during the projected period. Hybrid contact lenses have several significant advantages, including improved tear flow facilitation, decreased apical clearance, and less fogging. These lenses improve oxygen transfer while also providing more comfort and stability. In addition, hybrid contact lenses are gaining popularity among people with uneven corneas and astigmatism. Meanwhile, the gas permeable sector accounts for a significant portion of the market, as it is known to improve vision and allow the eyes to breathe more easily.
Industry Definition and Major Segments
A contact lens is a thin, curved lens that shields the eyes by covering the surface of the tear film. The product is transparent by nature and can be hard or soft. A contact lens is also a small plastic lens that is implanted directly on the surface of the eye to address vision problems.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/contact-lenses-market
On the basis of material, the market is segmented into:
On the basis of design, the market is divided into:
- Spherical Lens
- Toric Lens
- Multifocal Lens
- Others
On the basis of application, the market is classified as:
- Corrective
- Therapeutic
- Cosmetic
- Prosthetic
- Lifestyle-Oriented
On the basis of distribution channel, the market is divided as:
- Eye Care Professionals
- Retail
- Online
On the basis of region, the market is segmented into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The increased prevalence of myopia, astigmatism, hyperopia, and presbyopia, owing to prolonged exposure of IT professionals, doctors, and others to the gadget screen, is driving the global market for contact lenses. By reducing refractive error and shifting the focus point, contact lenses can help correct myopia. Because of the rising incidence of corneal and ocular surface illnesses, the market is expected to rise due to the increasing therapeutic applications of the product (OSD). The therapeutic contact lenses help with vision problems and corneal healing. In addition, the increased demand for contact lenses for cosmetic purposes is expected to contribute to market expansion.
Key Market Players
The major players in the market are Alcon Vision LLC, Bausch & Lomb Incorporated, Johnson & Johnson Vision Care Inc., Cooper Vision, Inc., Essilor International S.A., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
Media Contact
Company Name: EMR Inc.
Contact Person: Sofia Williams, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
Read More Reports:-
Global Vitamin D Testing Market: https://www.expertmarketresearch.com/reports/vitamin-D-testing-market
Global Visual Effects (VFX) Market: https://www.expertmarketresearch.com/reports/visual-effects-market
Global Virtualisation Software Market: https://www.expertmarketresearch.com/reports/virtualization-software-market
Global Web Hosting Services Market: https://www.expertmarketresearch.com/reports/web-hosting-services-market
Global Welded Spiral Heat Exchangers Market: https://www.expertmarketresearch.com/reports/welded-spiral-heat-exchangers-market
Introducing Procurement Resources Services of EMR Inc.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
