Contact Lenses Market is valued approximately USD 7.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.70 % over the forecast period 2022-2028

Contact Lenses Market is valued approximately USD 7.4 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.70 % over the forecast period 2021-2027. Contact lenses are basically ocular prosthetic devices or thin lenses that can be directly used on the surface of eyes. Contact lenses can be used to correct vision, therapeutic and cosmetic reasons. Increasing geriatric population drives the market growth of contact lenses, as due to growing age the eyesight gets affected and major eye disorders take place. For instance, in 2019, according to the United Nations, the world geriatric population (above 65) is increasing globally during 2019- 2050. It states that geriatric population in Sub-Saharan Africa was 5 percent which is forecasted to grow with a percentage of about 7. Whereas in Central and southern Asia it was only 17 % which is projected to increase with a percentage of 21 percent.

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Major market player included in this report are:

• SYNERGEYES
• CONFORMA LABORATORIES
• FRESHLADY CONTACT LENSES
• ABB OPTICAL GROUP
• X-CEL SPECIALTY CONTACTS
• ST. SHINE OPTICAL
• BESCON
• NEO VISION
• CLEARLAB
• CAMAX OPTICAL CORPORATION

The Contact Lenses market research report offers a detailed analysis of the market to help investors and stakeholders understand the current situation and anticipate future performance. The key insights offered in this study help players make informed decisions on investments in market segments, end-use industries, regions, technology platforms, and product types

Market Segmentation

The detailed segments and sub-segment of the market are explained below:

By Usage:
• Daily Wear
• Extended Wear
• Traditional Wear

By Design:
• Spherical
• Toric
• Multifocal
• Monovision
• Cosmetic

By Material:
• Silicone hydrogel
• Hydrogel
• Gas permeable
• Hybrid
• PMMA e

By Colour Variation:
• Opaque contact lenses
• Enhanced contact lenses
• Visibility tinted contact lenses

By Application:
• Conventional
• Orthokeratology
• Decorative

By Distribution Channel:
• Retail stores
• Hospitals & clinics
• E-commerce

Analysis of recent developments in the market, SWOT analysis, drivers and restraints, major issues and challenges, and the competitive landscape. The report also contains company profiles of key players who are driving the market. The Global Contact Lenses market report is a resource that provides key data, information and detailed analysis on the global market. The report reveals all the market's strategic factors of the current phase and its development process in the forecast period 2018-2028. The study also analyzes important factors such as growth, price, product portfolio and competition with the help of SWOT analysis.

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Competitive Analysis

This report provides thorough profiling of the global Contact Lenses market. It gives extensive research on the market dynamics, including drivers and constraints, and trends. It also includes Porter's five forces analysis and market attractiveness to help business experts assess the competitive environment in the market. The report offers a deep study of the global Contact Lenses market using SWOT analysis.

Questions Covered in this Contact Lenses report

• Do you want to know the market size, the share of the overall growth in 2022-2028?Your region of interest.
• Which Important factors are been analysed in the report?
• What is the growth prospects of the market?
Report Highlights
• The report gives a top to bottom analysis of the market size, share, demand, trends, gross revenue and figures from 2022 to 2028
• The report covers a detailed competitive outlook including the market share and company profile of the key participants operating in the global market.

Table of Content

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Contact Lenses Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Contact Lenses Market Dynamics
3.1. Contact Lenses Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities

Chapter 4. Global Contact Lenses Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry

Continued

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