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What are the different trends in Cosmetic Contact Lenses Market to boost its growth? Key Players are Bausch + Lomb, Novartis, Johnson & Johnson, Ciba Vision, GrandVision NV, CooperVision, Valeant Pharmaceuticals

06-25-2019 07:06 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Cosmetic Contact Lens Market

Cosmetic Contact Lens Market

An analysis of Cosmetic Contact Lenses Market has been provided in the latest report introduced by Global Market Insights, Inc. that primarily focuses on the market trends, demand spectrum, and future prospects of this industry over the forecast period. Furthermore, the report provides a detailed statistical overview in terms of trends outlining the geographical opportunities and contributions by prominent industry share contenders.

According to a new research report by Global Market Insights, Inc. Cosmetic Contact Lenses Market is set to exceed USD 1.3 billion by 2024. Growing usage in entertainment sector is expected to boost cosmetic contact lens market size.

Request for a Sample copy of this Report @ https://www.gminsights.com/request-sample/detail/280

These lenses are primarily utilized in the entertainment industry owing to the need for more dramatic makeup. Increasing customer inclination towards colored contact lenses will further drive the segment demand. Growing disposable incomes encourages consumer purchasing power on lifestyle products, thus supporting the contact lenses demand.

Asia Pacific cosmetic contact lenses market accounted for over 70% of revenue share in 2017, owing to growing acceptance by the image-conscious population to cope up with the current fashion trends. Major countries including China, Japan, and Taiwan are contributing primarily towards the regional industry expansion.

Spherical design segment will grow at over 6.5% from 2018 to 2024 owing to factors such as enhanced clarity in vision and correction of conditions such as nearsightedness & farsightedness. These product designs offer high level of comfort and customization which further support the business growth.

Daily disposable lens is expected to hold revenue of approximately USD 500 million by 2024. These cosmetic lenses have gained a strong attention from young owing to ease of utilization thereby, propelling segment demand.

Regional Growth drivers are

• North America - Rising penetration through online medium and relaxation in regulatory approval
• Europe - Rising acceptance of branded cosmetic contact lenses
• Asia Pacific - Rising awareness regarding substitutes for aesthetic eye surgeries in several regional countries including China, Japan and Taiwan
• Latin America - Increasing occurrence of ophthalmic disorders and high disposable income
• MEA - High need for aesthetic appearance

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• CooperVision
• Johnson & Johnson Vision
• CIBA Vision
• Bausch + Lomb
• GrandVision NV
• Innovision
• Novartis
• QualiMed Innovative Medizinprodukte GmbH
• Viewell Electronics Technology Co. Ltd
• LAGADO architects
• Metro Optics
• Maxvue Vision

Browse Complete Report Summary @
https://www.gminsights.com/industry-analysis/cosmetic-contact-lens-market

Online stores distribution channel segment is expected to account for over 20% revenue share by 2024. These stores provide products at lower prices along with on-time delivery which will foster new opportunities for the industry growth.

Global cosmetic contact lens market share is moderately consolidated with top four players accounting for 57% of the industry share in 2017. Johnson & Johnson, Novartis, Cooper Vision, Bausch & Lomb (Valeant Pharmaceuticals), Ciba Vision are among the major industry players with significant market shares. The global market also consists of several regional players mainly including Asian manufacturers contributing to fragmented share.

- Cosmetic Contact Lenses Market By Product

o Coloured
o Circle

- Cosmetic Contact Lenses Market By Design

o Spherical
o Toric
o Bifocal and Multifocal
o Others

- Cosmetic Contact Lenses Market By Usage

o Daily Disposable
o Weekly Disposable
o Monthly Disposable
o Annual

Make an inquiry for purchasing this report @
https://www.gminsights.com/inquiry-before-buying/280

Global cosmetic contact lens market share is moderately consolidated with top four players accounting for 57% of the industry share in 2017. Johnson & Johnson, Novartis, Cooper Vision, Bausch & Lomb (Valeant Pharmaceuticals), Ciba Vision are among the major industry players with significant market shares. The global market also consists of several regional players mainly including Asian manufacturers contributing to fragmented share.

Other notable players include Grand Vision, Lagado Corporation, InnoVision, Qualimed and Metro Optics. Mergers & acquisitions, production capacity expansions, innovations, joint ventures and supply agreements are among the strategies adopted by industry participants. For instance, in December 2017, Cooper Vision acquired Paragon Vision Sciences an U.S. based specialty contact lens company to strengthen its foothold in the industry.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

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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