Contact Lenses Market - What's New Trending For 2018 - 2023?

Contact Lenses just like eyeglasses/ spectacles, correct vision problems caused by refractive errors. In other word, contact lenses improve the eyesight for people with these refractive errors such as myopia (nearsightedness), hyperopia (farsightedness), astigmatism (distorted vision), and presbyopia (changes to near vision that normally happen with age).
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Many risk factors can cause these refractive errors, such as certain deficiencies and accidents that can lead to disorders hampering the ability to see. In all sort of eyesight issues, spectacles are being recommended by ophthalmologists to overcome these issues. However, some people get over self-conscious about their appearance thinking that wearing spectacles is hindering with their look. The very notion could have been the reason for the advent of contact lenses.
Other reasons that not only have compelled people to consider contact lenses but have also garnered huge popularity for them include, the flexibility of contact licenses, they move with the eyeballs, allowing a natural field of view, without the obstruction of frames and greatly reduced distortions. Unlike glasses, they do not fog up or get splattered by mud or rain. Contact lenses make a great choice in sports and other physical activities.
Although contacts lenses have been around in the market for more than a half-century now, technological advancements that took place in the field over the past couple of decades have brought about many novel innovations in terms of design and functionality of the product, making it more viable than ever. These betterments have increased the uptake of contact lenses, worldwide. The widened adoption is escalating the market of contact lenses allowing it to flourish, worldwide.
Recognizing the kind of growth, the market perceives currently, Market Research Future (MRFR) in its recently published study report asserts that the global contact lenses market gaining further prominence will register a spectacular growth crossing the valuation of USD 11 Bn. by 2023 at a striking CAGR from 2018 – 2023. The market had valued at USD 7.9 Billion in 2017.
Additional factors substantiating the market growth include social and cultural factors such as the influence of media, fashion and film industry, peer pressure for appearance and beauty, etc. Improving economic conditions worldwide foster the market growth, enabling access to the quality life, and improved health care, also increasing consumers’ purchasing power.
Besides, fashion, media & entertainment industries are expected to provide impetus to the market growth, creating a huge demand for cosmetic lenses over the forecast period. Furthermore, seminal efforts and substantial amounts invested by the market players into the development of these prosthetics and technologies are paying off well, driving the market growth.
On the other hand, factors such as high cost of contact lenses are likely to impede the growth over the assessment period. Nevertheless, rapidly dropping prices along with the huge demand from the fashion industries, in turn, is expected to contribute to the market growth to a great extent.

Table of Content: Key Points
1 Report Prologue
2 Executive Summary
3 Market Introduction
4 Research Methodology
5 Market Dynamics
6 Market Factor Analysis
7 Global Contact Lenses Market, by Type
8 Global Contact Lenses Market, by Material
9 Global Contact Lenses Market, by Design
10 Global Contact Lenses Market, by Region
…Continued
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Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
Phone: +1 646 845 9312
Email: sales@marketresearchfuture.com

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