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.
Full research report on contact lenses market analysis:
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
View more reports
of this category by Grand View Research at: https://www.grandviewresearch.com/industry/personal-care-and-cosmetics
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
o U.S.
o Canada
o Mexico
·
Europe
o Germany
o UK
o France
·
Asia Pacific
o China
o India
o Japan
·
South America
o Brazil
·
Middle East and Africa
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-contact-lenses-market
https://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.
For more information: https://www.grandviewresearch.com/
