openPR Logo
Press release

Cosmetic Contact Lenses Market Current Business Trends & Growth Opportunities 2020-2024

Cosmetic Contact Lenses Market

Cosmetic Contact Lenses Market

Having garnered a considerable remuneration potential over the recent years, cosmetic contact lenses market has registered its name in the billion dollar business across the overall polymers and advanced materials industry. Back in time, contact lenses were regarded as a way toward an enhanced quality of life without the need for glasses, and despite being regarded as a medical device, the product’s use has seen massive demand from the cosmetic industry. This tremendous growth can aptly be attributed to the shifting preference towards boasting enhanced eye colors and augmenting the overall facial look, amongst various age groups.

Speaking on these lines, it is prudent to mention that more than over 125 million people worldwide use contact lenses. In this regard, colored contact lens are by far one of the leading modalities used for daily purpose, which has led numerous companies to invest in this field in the years ahead with an intent of gaining a competitive edge over the others.

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

One such company, Alcon-a well proclaimed cosmetic contact lens producer- in 2019 unveiled DAILIES COLORS contact lenses, further bolstering its presence in the cosmetic contact lenses market. Allegedly, the new collection was launched to offer beautiful color enhancement plus eye definition in one daily disposable lens, enabling the beauty lovers to play with their eye color every day without being concerned about its safety. This, move is intended to offer a thrust to the increased adoption of cosmetic contact lenses.

Colored contact lenses for medical purposes: a breakthrough in the cosmetic contact lens realm
Let alone the cosmetic purposes, the colored contact lenses have begun gaining intrinsic popularity for patients suffering from ocular trauma. In fact, according to a reliable source, out of 38 per cent to 52 per cent of cases brought to the ophthalmic emergency rooms are ocular trauma.

What colored contact lenses do in this case is help provide more natural appearance to an otherwise damaged iris. The prosthetic colored contact lenses potentially offer significant benefits for patients in addition to vision correction. Vivid brands in the industry are currently offering multiple choice of colors like green, violet, shades of blue, grey, hazel, and amethyst to attract the niche market.

How is the blend of regulatory reforms and strong competitive framework favoring the growth of cosmetic contact lenses market?

It is noteworthy to state that colored contact lenses have irrefutably emerged as the hottest trend in the cosmetics industry. However, the federal agencies do not consider these ideal as a cosmetic product, especially in the developed nations like the United States and Canada, where the colored contact lenses cannot be sold over the counter without a proper prescription. A reason behind this is their increased warning for excessive risk for eye infections.

Despite this, over-the-counter-sales of colored lenses as a cosmetic aid in costume stores, beauty parlors, online distribution channels, and party shops is surging at an impeccable pace.

Request for customization @ https://www.gminsights.com/roc/280

As a matter of fact, as per CDC estimates, early 40 per cent to 90 per cent of contact lens users do not follow the care instruction for their contact lenses and therefore are vulnerable to outbreaks of serious eye infection. In order to cope with the rising risks and easing the problem, several industry behemoths are undertaking strategic initiatives for bringing forth safer lens materials. Meanwhile, various regional governments are also enforcing stringent laws on over the counter supply of cosmetic contact lens across the markets in the North America region.

Considering these trends, it is quite obvious that the overall contact lenses market is on a liberal track, and cosmetic contact lens market is all poised to stand as a profitable investment hub. With intense technological advancements establishing new application verticals, the overall cosmetic contact lenses market is anticipated to record a valuation of USD 1.3 billion by the end of 2024.

Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@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.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Cosmetic Contact Lenses Market Current Business Trends & Growth Opportunities 2020-2024 here

News-ID: 2136206 • Views: …

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can…

All 5 Releases


More Releases for Contact

Global Corrective Contact Lens Market Analysis Forecast 2022-2028 Global Industr …
The Corrective Contact Lens Market research report offers key values on the state of the industries. The study involved research on landscape-specific skill as well as detailed information on each section. The Corrective Contact Lens research report highlights inner and outer examination of the current worldwide Corrective Contact Lens market. This Corrective Contact Lens market report includes major competitors and players involved in the market. The classification also involves the…
Media Contact: Company Name: Orion Market Reports Contact Person: Mr.Anurag Tiwa …
Multefire Market will experience a noticeable growth during the forecast period 2019-2025 The Global Multefire Market size is expected to grow at an annual average of 29.3% during 2019-2025. The MulteFire market is driven by the growing demand for more scalable and better network connectivity for industrial IoT (IIoT) applications and the increasing demand for high-capacity and easy-to-install wireless connectivity networks. The deployment of 5G networks and the MulteFire Alliance's initiatives…
Find Buyer Importer Contact
Data Driven B2B Marketing Automation ----Honest Joy is the data expert helping B2B clients to grow business Find customers Find potential customers based on product name,company name HS code.Contact emails of related person can also be obtained automatically from our database. Find Contact & Email Manually  interact with strong AI search engines from 175 regional search engines and 220 social media to identify target customers. All of the contact details of its decision makers e.g…
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…
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: Cast Molding Emerges as Most Sought After Contact Lens Manu …
The global contact lens market witnesses a highly competitive and consolidated scenario, states Transparency Market Research (TMR) in a research report. The crème of all the companies present in the market are Bausch and Lomb, Alcona Inc., The Cooper Companies, and Johnson & Johnson. In 2015, these companies collectively held a share of approximately 68% in the global contact lens market. The leading vendor in the market in the same…