Contact Lenses Market Analysis, Size, Growth, Share, Trend, Outlook & Forecast 2022 - 2030
Contact Lenses Market Growth & Trends
The global contact lenses market size is expected to reach USD 21.6 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.3% from 2022 to 2030. Innovative materials for manufacturing contact lenses and the increasing adoption of contact lenses are prominent factors boosting the market's growth. The rising tendency of youngsters to enhance their aesthetic appearance and the growing aging population is expected to drive the demand for contact lenses over the forecast period. The rise of astigmatism and myopia cases worldwide and the increased acceptance of these lenses in developing countries are boosting market expansion over the forecast period. Also, global factors such as the rising disposable income and improvement in the overall economy are anticipated to propel the market's growth.
Contact lens manufacturers are the source for wholesale and retail distributors, and manufacturers distribute their contact lenses through various channels. Significant market growth can be attributed to the increasing number of active lens wearers, technological advancements, and the development of silicone hydrogel material to fabric soft lenses. Orthokeratology (Ortho K) is a recent technological advancement that reshapes the cornea to improve vision which involves wearing specially developed overnight contact lenses to change the structure of the eyes during sleep. Increasing product launches and developments resulted in increased adoption of contact lenses. For Instance, In March 2019, Alcon Vision LLC, a manufacturer of eye care devices, introduced the AcrySof IQ PanOptix
Trifocal IOL, which may be used for intermediate, distance, and close vision in the U.S. Market.
The hybrid contact lens is expected to portray the highest CAGR over the forecast period in the material segment. By application, the adoption of corrective contact lenses is anticipated to rise, owing to the increasing use of these lenses to correct refractive errors. They are also used to compensate for various deficiencies in vision such as hypermetropia, presbyopia, astigmatism, and myopia. Based on usage, the daily disposable contact lenses accounted for the largest market share in 2021.
Browse full report with Table of Content (PDF with All Related Graph and Chart)
@: https://www.grandviewresearch.com/industry analysis/contact lenses market
Contact Lenses Market Report Highlights
Soft lenses/Silicone Hydrogel lenses have the highest acceptance rate, owing to their flexibility, comfort, and oxygen permeability to the eyes. The soft lenses are expected to be the highest growing segment by revenue over the forecast period
The toric design segment is expected to portray a CAGR of 6.7% over the projected period
In South America, the market is expected to have significant growth over the forecast period, owing to the large scale penetration of contact lenses
Contact Lenses Market Segmentation
GrandViewResearchhassegmentedtheglobalcontactlensesmarketbasedonmaterial, design,application,distributionchannel,usageandregion:
Contact Lenses Material Outlook (Revenue, USD Million, 2017 - 2030)
GasPermeable
SiliconeHydrogel
Contact Lenses Design Outlook (Revenue, USD Million, 2017 2030)
Contact Lenses Application Outlook (Revenue, USD Million, 2017 2030)
Lifestyle oriented
Contact Lenses Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
E commerce
EyeCarePractitioners
Retail
For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry analysis/contact lenses market/request/rs1
Contact Lenses Usage Outlook (Revenue, USD Million, 2017 - 2030)
DailyDisposable
Disposable
FrequentlyReplacement
Traditional
Contact Lenses Regional Outlook (Revenue, USD Million, 2017 2030)
NorthAmerica
o U.S.
o Canada o Mexico
Europe
o Germany o U.K.
o France o Italy o Spain
AsiaPacific
o China o Japan o India o Singapore o Australia
o SouthKorea
SouthAmerica
o Brazil
o Argentina
MiddleEastandAfrica
o UAE
o SaudiArabia
List of Key Players of Contact Lenses Market
EssilorInternationalS.A.
AlconVisionLLC
AbbottMedicalOptics,Inc.
CooperVision,Inc.
HoyaCorporation
SynergEyes,Inc.
X CelSpecialtyContacts
Johnson&JohnsonVisionCare,Inc.
Medennium;SeedCo.,Ltd.
STAARSurgicalCompany
For Requesting a Free Consultation @ https://www.grandviewresearch.com/request free consultation/237/rfc
Why Purchase this Report?
A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality.
The report provides a holistic view of the competitive scenario Contact Lenses Market.
The latest product launches, along with technological changes and developments, are included in the report.
The data analysis in the report will help you understand the Contact Lenses Market dynamics projected from 2022 2030
The Report has a vast data store, so it can accommodate your custom needs as well.
Highlights Points of the Market:
The latest information on how the market is evolving to formulate their sales and marketing strategies. This Market report has been created to provide its readers with up to date information and analysis to uncover emerging opportunities for growth.
The market report covers the key challenges, competitive landscape, and demographic analysis that can help companies get insight into the country specific variations.
The analysts also emphasize on the key trends and the future opportunities that can be explored in the region than can help companies in revenue expansion.
To gain competitive intelligence about leading companies with information about their market share and growth rates.
Know More Related Report:
About Grand View Research
Grand View Research is a full time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
Kyphoplasty Market Size, Share & Trends Analysis Report By Product, By Application, By Indication, By End User, By Region, And Segment Forecasts, 2020 To 2027 Medical Device Connectivity Market Size, Share & Trends Analysis Report By Technology (Wireless, Wired, Hybrid), By Application (Hospitals, Home Healthcare & Others), By Region, And Segment Forecasts, 2020 To 2027 U.S. Respiratory Assist Devices EUA Market Size, Share & Trends Analysis Report By Product (Ventilators And Ventilator Accessories & Others), And Segment Forecasts, 2020 To 2021 U.S. Registered Nurses Market Size, Share & Trends Analysis Report By End Use (Hospitals, Ambulatory Care Settings, Nursing Home, Others), By Region, And Segment Forecasts, 2020 To 2027