Contact Lenses Market Research Report: Information By Usage (Daily Wear, Extended Wear, and Traditional Wear), By Design (Spherical, Toric, Multifocal, Monovision, and Cosmetic), By Material (Silicone Hydrogel, Hydrogel, Glass Permeable, Hybrid, and Polymethyl Methacrylate (PMMA)), By Type (Opaque Contact Lenses, Enhanced Contact Lenses, and Tinted Contact Lenses), By Application (Conventional, Orthokeratology, and Decorative), By Distribution Channel (Retail Stores, Hospitals & Clinics, and E-Commerce), and Region, Forecast till 2030
The global contact lenses market is projected to reach approximately USD 11.72 billion by 2030, at a CAGR of 3.50% from 2022 to 2030. The factor that drives the global market of contact lenses during the forecast period is increased awareness concerning the benefit of disposable contact lenses, such as avoiding cleaning solution-related negative consequences, including eye discoloration. In order to improve eyesight, contact lenses are plastic-like ocular prosthetics that are placed on the eyeball. With no frames to restrict one’s vision, it provides for a natural field of view and lessens distortions. The US Food and Drug Administration (FDA) oversees and regulates contacts as a medical device. Additionally, you need a prescription to get both cosmetic and prescription contact lenses.
The global contact lenses market is expected to rise over the course of the forecast period due to the increasing use of contact lenses to treat various vision problems, including refractive errors like astigmatism and myopia.
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Contact Lenses Market Segmentation:
The global market for contact lenses has been divided into four wear categories: conventional lenses, disposable lenses, and daily disposable lenses. The market for contact lenses has been segmented into three categories based on type: corrective lenses, therapeutic lenses, and aesthetic and lifestyle lenses. The market for soft silicone hydrogel, soft methacrylate hydrogel, gas-permeable, and other contact lenses has been divided into segments based on material. The spherical lens, toric lens, multifocal lens, and others design segments make up the global market for contact lenses.
Regional Analysis:
The regions of the Americas, Europe, Asia-Pacific, and the Middle East & Africa make up the global market for contact lenses.
The market for contact lenses worldwide is probably dominated by the Americas. The rising number of people who wear contact lenses, the rising incidence of eye diseases, the growing popularity of cosmetic lenses among younger people, and the significant investment in R&D made in the US and Canada are all likely to contribute to the Americas’ dominance during the forecast period.
Due to the widespread use of contact lenses and the rising incidence of age-related eye illnesses in nations like the UK, Germany, France, and Spain, the Europe market experienced significant growth.
Due to the rising frequency of eye problems and the expanding use of contact lenses among young people, Asia-Pacific is predicted to have the fastest growth rate in the worldwide market. Additionally, increasing market players’ investments in the Asia-Pacific region are projected to fuel market expansion.
Due to growing commercialization of contact lenses products and growing collaborations and agreements, the Middle East and Africa contact lenses market is anticipated to expand.
Browse In-depth Market Research Report (129 Pages) on Contact Lenses: https://www.marketresearchfuture.com/reports/contact-lenses-market-6210
Key Players:
Novartis AG, Neovision Co, Ltd, Seed Co. Ltd, Hoya Corporation, Oculus Private Limited, Camax Optical Corp., CooperVision, Inc. (The Cooper Companies Inc.), Menicon Co., Ltd, Bausch Health, Johnson & Johnson Services Inc., St. Shine Optical Co., Ltd.
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