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Contact Lenses Market Analyzes the COVID19 Impact Followed by Restraints and Opportunities and Projected Developments 2021 to 2026

January 12th, 2021 Fortune Business Insights Pvt. Ltd Releases

The global contact lenses market size is projected to reach USD 12.05 billion by 2026, exhibiting a CAGR of 4.8% during the forecast period. However, the market was worth USD 8.35 billion in 2018. This information is published in a recent report by Fortune Business Insights, titled, “Contact Lenses Market Size, Share & Industry Analysis, By Modality (Reusable and Disposable), By Design (Toric, Multi-Focal, and Spherical), By Distribution Channel (Retail Stores, Online Stores, and Ophthalmologists), and Regional Forecast, 2019-2026.” As per the report, rising per capita healthcare expenditure and increasing incidence of astigmatism and myopia are expected to affect the market positively.

The report provides market analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product & service launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

Key Features of Contact Lenses Market Report:

  • Overview, Industry Life Cycle Analysis, Supply Chain Analysis
  • Size, Trends, Growth Drivers, Constraints, SWOT Analysis, Forecast Analysis
  • Competitive Landscapes: Market Share, Product Portfolio, New Product Launches, etc.
  • Market attractiveness and Associated Growth Opportunities
  • Strategic Growth Opportunities for the Existing and New Players
  • Key Success Factors

Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/contact-lenses-market-101775

Asia Pacific to Exhibit Rapid Growth Fueled by Rising Disposable Income

The contact lenses market can be geographically grouped into the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. Out of them, North America is set to dominate the market during the forecast period. It was valued at USD 2.75 billion in 2018. This growth is attributed to the rising usage of contact lenses amongst the masses as well as increasing prevalence of presbyopia. The Centers for Disease Control and Prevention (CDC) mentioned that in the U.S., around 45 million people use contact lenses.

Asia Pacific, on the other hand, is expected to remain in the second position owing to gradual inclination of the masses to disposable contact lenses from reusable contact lenses. Also, various market players are launching novel products day by day in this region. It is also giving rise to market growth. The region is projected to experience rapid growth in the coming years owing to the rising trend of wearing contact lenses amongst the youngsters for correcting vision errors. Moreover, the increasing awareness programs regarding the benefits of using contact lenses, rising disposable income, and availability of lenses on online platforms would also contribute to the demand for contact lenses in this region.

Key Companies and Manufacturers Covered:

  • Contamac
  • CooperVision
  • HOYA Corporation
  • Essilor
  • Bausch & Lomb Incorporated
  • Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Services, Inc.)
  • ZEISS International
  • Alcon Vision LLC
  • Other key market players

Acuvue Introduces Disposable Lenses Integrated with Light Adaptive Technology

In April 2018, Acuvue announced that it has received clearance from the Food and Drug Administration for the Acuvue Oasys contact lenses. The Oasys lenses were loaded operated with the concept of light adaptive technology. The Oasys was aimed for patients with non-infected eyes. The Oasys lense for suitable for people with nearsighted or farsighted problems. According to the Centre for Disease Control and Prevention (CDC), an estimated 45 million people in the US wear contact lenses, out of which 90% of the people use soft contact lenses. Acuvue serves a huge percentage of the population in the US, and its primary products are soft contact lenses. Acuvue’s Oasys has been a success the global disposable contact lenses market and the increase in production and sales of Acuvue will have a positive impact on the global market. Fortune Business Insights predicts that recent product launches will have a positive impact on the global disposable contact lenses market in the forthcoming years.

Have Any Query? Ask Our Experts: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/disposable-contact-lenses-market-100366

Detailed Table of Content:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. Key Insights
    • Epidemiology of Ocular Disease – For Key Countries/Key Regions
    • Key Industry Developments – Mergers, Acquisitions, and Partnerships
    • Key Trends in Contact Lenses Market
    • Technological Advancements in Contact Lenses
  5. Global Contact Lenses Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Modality
      • Reusable
      • Disposable
    • Market Analysis, Insights and Forecast – By Design
      • Toric
      • Multifocal
      • Spherical
    • Market Analysis, Insights and Forecast – By Distribution Channel
      • Ophthalmologists
      • Retail Stores
      • Online Stores
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East & Africa
  1. North America Contact Lenses Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Modality
      • Reusable
      • Disposable
    • Market Analysis – By Design
      • Toric
      • Multifocal
      • Spherical
    • Market Analysis – By Distribution Channel
      • Ophthalmologists
      • Retail Stores
      • Online Stores
    • Market Analysis – By Country
      • S.
      • Canada
  1. Europe Contact Lenses Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Modality
      • Reusable
      • Disposable
    • Market Analysis – By Design
      • Toric
      • Multifocal
      • Spherical
    • Market Analysis – By Distribution Channel
      • Ophthalmologists
      • Retail Stores
      • Online Stores
    • Market Analysis – By Country/Sub-region
      • K.
      • Germany
      • France
      • Spain
      • Italy
      • Scandinavia
      • Rest of Europe
  1. Asia Pacific Contact Lenses Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Modality
      • Reusable
      • Disposable
    • Market Analysis – By Design
      • Toric
      • Multifocal
      • Spherical
    • Market Analysis – By Distribution Channel
      • Ophthalmologists
      • Retail Stores
      • Online Stores
    • Market Analysis – By Country/Sub-region
      • Japan
      • China
      • India
      • Australia
      • Southeast Asia
      • Rest of Asia Pacific
  1. Latin America Contact Lenses Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Modality
      • Reusable
      • Disposable
    • Market Analysis – By Design
      • Toric
      • Multifocal
      • Spherical
    • Market Analysis – By Distribution Channel
      • Ophthalmologists
      • Retail Stores
      • Online Stores
    • Market Analysis – By Country/Sub-region
      • Brazil
      • Mexico
      • Rest of Latin America

Continued…

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/contact-lenses-market-101775

Reasons to Purchase this Report:

  • Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players.
  • Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion.
  • Market dynamics and opportunities for growth for players in the near future.
  • Competitive landscape describing the market revenue shares of key players.
  • Market segmentation analysis that deals with quantitative and qualitative research, discussing the influence of policy-based and economical aspects.

Our proven methodologies and systematic analysis help in making confident business and strategic decisions.

A market study that conducts at Fortune Business Insights can save significant cost and time, and can help prevent making costly mistakes.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

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Pune-Bangalore Highway,

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Phone:

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