San Francisco, 24 January 2019: The Report Contact Lenses Market Analysis, By Product Type, By Design Type (Spherical, Toric,
Multifocal), By Usage Type (Corrective, Therapeutic, Cosmetic, Prosthetic), By
Regions, And Segment Forecasts, 2018 - 2025
The global contact lenses market is anticipated to reach USD 17.72 billion by 2025,
according to a new report by Grand View Research, Inc. The rising adoption of
contact lenses by consumers and use of innovative materials for manufacturing
contact lenses are the key drivers of the market.
The growing aging population and rising
tendency of youngsters to enhance their aesthetic appearance are some of the
key factors that are expected to drive the demand for contact lenses. The
improvement in theoverall economy and the rising disposable income around the
globe are additional factors driving the market growth.
The contact lenses market can be
categorized, based on products, into Rigid Gas Permeable (RGP) contact lenses,
soft contact lenses, and hybrid contact lenses. Soft contact lenses are made up
of flexible and soft plastics, such as silicone hydrogel, which provide easy
adaptability and enhanced comfort to the eye. They also permit oxygen to pass
through the wearer’s cornea and are used extensively for ametropia correction.
Thus, the market for soft lenses is
anticipated to grow at a faster pace over the forecast period. Further key
findings from the report suggest that hybrid contact lens segment is expected
to portray the highest growth over the forecast period. Corrective contact
lenses are widely used to correct refractive errors and compensate for visual
deficiencies such as myopia, hypermetropia/hyperopia, presbyopia, and
astigmatism.
Access Research Report of Contact Lenses
Market @ www.grandviewresearch.com/industry-analysis/contact-lenses-market
Further key findings from the report suggest:
· The growing adoption of soft lenses by
several regions is anticipated to drive the market growth
· The multifocal design segment is expected to
portray high growth rate with a CAGR of 8.4 % over the projected period
· The South American regional market is
expected to have significant growth over the forecast period, owing to the
large-scale penetration of contact lenses
· The key players in the market areJohnson
& Johnson Services, Inc., CIBA Vision (Alcon), CooperVision, Inc., and
Bausch & Lomb Incorporated
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
contact lenses market based on products, design, usage, and regions:
Product Outlook (Revenue, USD Million; 2014
- 2024)
·
RPG lens
·
Soft lens
·
Hybrid lens
Design Outlook (Revenue, USD Million; 2014
- 2024)
·
Spherical
·
Toric
·
Multifocal
·
Others
Usage Outlook (Revenue, USD Million; 2014 -
2024)
·
Corrective
·
Therapeutic
·
Cosmetic
·
Prosthetic
·
Lifestyle-oriented
Regional Outlook (Revenue, USD Million;
2014 - 2024)
·
North America
·
Europe
·
Asia Pacific
·
South America
·
Middle East and Africa
Access Press Release of
Contact Lenses Market@ www.grandviewresearch.com/press-release/global-contact-lenses-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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