Colored Contact Lenses Market Projected to Garner Significant Revenues by 2018 – 2026 -end
Colored Contact Lenses Market: Drivers and Restraints
The primary factors driving the colored contact lenses market include the rising number of eye disorder cases, increasing popularity of colored contact lenses over spectacles and the demand for better facial aesthetics amongst the youth and the entertainment industry. However, the rising number of counterfeit products in some developing countries in some regions and the increasing acceptance of corrective procedures such as LASIK and Photorefractive Keratectomy are some of the limiting factors that are expected to hinder the growth of the global colored contact lenses market.
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Colored Contact Lenses Market: Segmentation
Tentatively, the global colored contact censes market can be segmented on the basis of type, distribution channel, and geography.
Based on type, the global colored contact censes market is segmented as:
Based on Distribution Channel, the global colored contact lenses market is segmented as:
Based on Geography, the global colored contact lenses market is segmented as:
Middle-East & Africa
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Colored Contact Lenses Market: Overview
The global market for colored contact lenses is highly competitive with various players operating in the global space. The current use of various colored contact lenses is not just limited to the entertainment industry or the sports sector, it is being made easily available for the general public. Companies are expected to gain better market share through new product launches, acquisitions, mergers and agreements. Higher profit margins by the colored contact lenses industry have led manufacturers and vendors to improve their supply chain network and boost the products manufacturing. Some of the established players of Colored Contact Lenses are Johnson & Johnson, Novartis, and Valeant Pharmaceuticals
Colored Contact Lenses Market: Regional Outlook
Europe is expected to lead in the global colored contact lenses market owing to concentration of key market players in the region. The markets in Asia Pacific and Japan are expected to grow at significant CAGRs due to expansion of product offerings by key players. North America is expected to take second large share in the global colored contact lenses market throughout the forecast period due to well established healthcare sector, entertainment sector and the presence of various key market players in the region.
Colored Contact Lenses Market: Key Players
Examples of some of the major players in the global colored contact lenses market are Cooper Companies Johnson & Johnson, Novartis, Valeant, Carl Zeiss, Essilor, HOYA GROUP, UltraVision CLPL and Wesley Jessen. Technological advancement in already marketed products is the major trend emerging in the global colored contact lenses market.
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