Press release
Contact Lenses Market 2024 key Players Cooper Vision, Johnson & Johnson, Novartis, Valeant Pharmaceuticals, Blanchard, Contamac, Hoya, Essilor, Conforma, Bausch & Lomb, Menicon and Wesley Jessen.
North America Contact Lenses Market was more than USD 2.5 billion in 2016. Requirement for safety policies due to presence of number of employees working in high accidentally prone areas will trigger the demand. Several R&D facilities are increasingly coming up in the region to boost the industry.Request for a sample copy of this report @
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Increasing prevalence of eye disorders and cataract coupled with strong demand for fashionable eyewear are key factors driving contact lenses market growth. Technological development and penetration of innovative eyewear product range will further boost the industry growth.
Rising diabetes incidences and expanding aging demographics has augmented product market. According to industry estimates, one in every 12 people of age 40 and above suffering from diabetes prone to vision-threatening diabetic retinopathy. Globally, people aged around 80 and older estimated to hold 8% of the total population and account for 69% of the blindness.
Development of products using computerization technology will drive cost effective and bulk production. In addition, rising trend of colored or decorative lenses will support product demand. Increasing consumer awareness pertaining to eye health and penetration of vision correction, therapeutic and cosmetic purpose products particularly in developed economies will drive the product demand.
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Younger generation, suffering from nearsightedness, are anticipated to prefer contact lenses over glasses. Thus, manufacturers are investing in research & development of innovative products that fit their customer lifestyles. Corrective procedures such as Photorefractive Keratectomy (PRK) & LASIK and ophthalmology devices coupled with fluctuating raw material prices are major factors restraining contact lenses market.
Hybrid lenses market is expected to surpass USD 9 billion by 2024. Increasing consumer demand for clarity and wearing has positively influenced product demand. The product is easier to handle, ensures more comfort, disinfect easily, don’t dehydrate, and last longer than soft lenses. These factors are likely to augment product sales over the forecast period.
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Hydrogel accounted for more than 70% market share in 2016. They have proven to be highly biocompatible materials for ametropia correction that allow oxygen to pass through the wearer’s cornea providing easy adaptability and enhanced comfort to the eye.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Cooper Vision
2. Johnson Johnson
3. Novartis
4. Valeant Pharmaceuticals
5. Blanchard Contact Lenses
6. Zeiss International
7. Conforma
8. Contamac
9. Essilor
10. Hoya
11. Menicon
12. Wesley Jessen
13. UltraVision
14. Synergeyes
15. Bausch Lomb
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
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Email: sales@gminsights.com
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