Contact Lenses Market - Bolstering Demand 2025
The global contact lenses market is foreseen to find lucrative growth opportunities produced by specific types of products such as corrective contact lenses. Some of the important applications of corrective contact lenses include the treatment of visual deficiencies, viz. presbyopia, astigmatism, myopia, and hyperopia/hypermetropia. The growth of the market could be further expanded by the growing number of visual inaccuracies. Soft lens is anticipated to be a major contributor to the market because of its wide range of applications. Between 2017 and 2025, players could acknowledge developments in contact lens technology as a significant factor augmenting their market growth.
Request Sample Copy of the Report @
Drug delivering lenses and other trends have been growing in prominence in the recent time due to their increasing adoption. Players could sign up for long-term partnerships with distributors and suppliers in order to strengthen their geographical presence and product portfolios. For instance, Vision Direct Group Ltd. was acquired by Essilor International S.A. in 2016 to bolster the latter’s retail business and sale of online optical offerings. On account of their ability to incorporate multiple prescriptions, multifocal lenses are predicted to embrace an amplified demand in the coming years. These are mainly engaged in the treatment of age-related ophthalmic diseases such as presbyopia.
The global contact lenses market is envisaged to perceive a rising count of consolidations brought about by the execution of strategic initiatives such as acquisitions, mergers, and alliances. This could be because of the loyalty base and brand value built up by market players while establishing their global footprint.
Global Contact Lenses Market: Overview
Contact lenses are wafer-thin plastic lenses, placed directly on the eye ball to rectify vision or for decorative purposes. On account of being sensitive, they need to be handled carefully to prevent dislocation and infections. Depending upon the eye disorder, different types of contact lenses are available in the market, namely bifocal lens for astigmatism, scleral contact lenses, bifocal contact lenses, color contact lenses, and daily disposable contact lenses.
Request TOC of the Report @
Contact lenses have contributed substantially to the global eyewear and eye care industries. From being considered lifestyle products to becoming common eye accessories supplanting the traditional glasses – they have come a long way.
Global Contact Lenses Market: Key Trends
Two of the primary growth drivers in the global market for contact lenses are a wide array of lenses and competitive prices. Additionally, the burgeoning world population afflicted with different ophthalmic disorders such as refractory errors and weakened eyesight is also bolstering growth in the market. The youth are a major contributor to the sales in the market. Efforts by contact lens manufacturers to train people about the correct and safe use of contact lenses coupled with the different types of products available for sale has also led to an uptick in demand.
Extra caution needs to be exercised while wearing contact lenses as they are placed directly on the cornea of the eye and can easily cause eye infections, ulcerations and other eye diseases. They also need to be stored and handled carefully. This is one factor that is posing a roadblock to their swift uptake. Further, the fact that most practitioners are not equipped enough to prescribe contact lenses in certain developing countries in Asia Pacific and Middle East, is also negatively impacting the market to some extent.
Global Contact Lenses Market: Market Potential
Exhaustive research and development to come up with cutting-edge contact lenses by integrating it with recent technologies is slated to revolutionize the market in the near future. Google and Novartis, for example, are working on a contact lens that can measure glucose levels. In fact, the smart contact lens is one of the most eagerly awaited medical IoT (Internet of Things) technologies. Such groundbreaking applications of contact lenses along with an ageing population, economic upliftment, resultant rise in GDP, and growing urbanization will spell tremendous opportunity for the market in the next couple of years.
Among the different technologies used in manufacturing of contact lenses, cast molding technology contributes to a lion’s share in the revenue. Going forward, the contribution of lathe cutting technology to revenues will likely increase at maximum pace.
Read Comprehensive Overview of Report @
Global Contact Lenses Market: Regional Outlook
Geographically, the key segments of the global contact lenses market are Asia Pacific, North America, Europe, and the Rest of the World. Among them, North America leads the market with a dominant share on account of the increase in ophthalmic issues among people of all age groups. In terms of pace of growth, on the contrary, Asia Pacific is slated to overtake all other regions due to the growing awareness about correct usage and benefits of contact lenses, application of sophisticated technologies in the manufacture of contact lenses, rising fortunes of people, and swift pace of urbanization.
Global Contact Lenses Market: Competitive Analysis
The global contact lenses market is dominated by a handful of players and hence is consolidated in nature. The prominent players holding a sway over the market that have been studied in the report are Johnson & Johnson, Alcona Inc., the Cooper Companies, and Bausch and Lomb.
About TMR Research
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.
3739 Balboa St # 1097,
San Francisco, CA 94121
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Contact Lenses Market - Bolstering Demand 2025 here
News-ID: 1105986 • Views: 221
More Releases from TMR Research
Shared Driverless Vehicles Market Overview and Outlook 2018 to 2028 | IBM, Easym …
Shared Driverless Vehicles Market – Introduction Share-centric landscape is emerging as a popular, modern trend, which is poised to impact the vehicle ownership economics worldwide in the upcoming years. Shared driverless vehicles are used commonly as autonomous vehicles are becoming more prevalent and consumers are becoming environment-conscious. Recent advancements in technologies are enabling a mounting number of individual owners and new businesses to participate in the shared driverless vehicles market. Shared driverless
Malignant Mesothelioma Therapeutics Market Demand and Analysis and Forecast 2028
Global Malignant Mesothelioma Therapeutics Market: Overview The primary cause of malignant mesothelioma therapeutics is the prolonged exposure asbestos in the form of long thin fibers and hydrated silicates. In the recent years, there has been a considerable development in the utilization of asbestos in sectors such as transport vehicles, machines, and building materials among others. People working in the sectors that asbestos for variety of applications are at risk of exposing
Ophthalmology Therapeutics Market Newer segments of application 2028 | Bausch & …
The global ophthalmology is expected to grow at a steady rate during the forecast period. There are various that stimulate the expansion of ophthalmology therapeutics. Rising awareness about eye care and ocular disorder are anticipated to drive the global ophthalmology market to grow in the projected years. Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=5778 TMR research report foretells about the size, share, trend, growth factors, and restraints affecting the global ophthalmology
Pruritus Drugs Market Exclusive insight on Transformation 2028 | Granulomatosis …
Global Pruritus Drugs Market: Overview Transdermal drug delivery system is the most preferred way to inject pruritus drugs. Most of the pruritus drugs that are available in the market are in the semi-solid topical dosage state. It includes forms such as creams, gels, and lotions. These products are quite easy to apply, give no or less pain, and are quicker in terms of delivering desired effect as compared to other drug
More Releases for Contact
Global Smart Contact Lenses Market Report 2018
Global Smart Contact Lenses Market Report 2018-2022: The report on Global Smart Contact Lenses Market, documents a detailed study of different aspects of the Global Smart Contact Lenses Market. It shows the steady growth in market in spite of the fluctuations and changing market trends. In the past four years the Global Smart Contact Lenses Market has grown to a booming value of $xxx million and is expected to grow more. Every
Contact Center Analytics Market - The Implementation of Contact Center Analytics
The significant benefits of contact center analytics is that it helps in monitoring the service quality of each employee-customer interactions and thereby help in streamlining operational and business issues. Contact center analytics also aid in reducing operational & overhead expenses. One time implementation of contact center analytics alleviate frequently repeated issues. Furthermore, customer experience is the valuable element in any contact center business segment. So it’s important in transforming
Global Contact Lenses Market Growth 2025
In this report, the global Contact Lenses market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Contact Lenses in these regions, from 2013 to 2025 (forecast), covering North
Incentivising Contact Centre Teams
The establishment of incentives is an important process for every contact centre, and the KPI’s are typically aligned with the overall corporate strategy and mission. How KPI’s are set, will in part be determined by the type of contact centre i.e. sales, service or support, and the indicators will consider customer satisfaction, operational efficiency, sales, and agent quality for example. Choosing the measurements for success and the subsequent rewards also
Contact Lens Market - Trends, Outlook 2025
A contact lens is a medical device used for cosmetic and therapeutic reasons, primarily for vision correction. Contact lens provides enhanced peripheral vision as it does not accumulate moisture from the atmosphere. The vast variety and affordability of contact lens make it a common lifestyle product. Contact lens provides high compatibility as it can be worn along with other eye wear choices such as sunglasses. Lenses offer clear peripheral and
In contact at last
NORRES PUR AS hose family with electrostatic discharge capability now also available with compatible CONNECT Safety Clamp Systems The use of wall materials that are conductive or capable of electrostatic discharge is often recommended for transport hoses in hazardous areas. Last year, NORRES Schlauchtechnik (Gelsenkirchen, Germany) unveiled its new, permanently antistatic PUR AS hose family with electrostatic discharge capability. The NORRES CONNECT Safety Clamp Systems 230, 231 and 232, which allow