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Contact Lenses Market to Hit US$ 13.05 Bn by 2028

10-27-2022 03:42 PM CET | Health & Medicine

Press release from: The Insight Partners

Contact Lenses Market

Contact Lenses Market

The contact lenses market was valued at US$ 9.22 Bn in 2021 and is likely to reach US$ 13.05 Bn by 2028 at a CAGR of 5.1% between 2022 and 2028.

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Contact lenses are thin and curved lenses placed on the film of tears that covers the surface of the human eye. Generally, the lens is naturally clear, but sometimes it is given a slight color tinge, making it easier to handle by the wearer. Modern contact lenses are either soft or hard. However, people nowadays prefer wearing soft contact lenses because of their flexible quality.

Leading Companies:

1. Bausch & Lomb Incorporated.
2. Carl Zeiss Meditec AG
3. Johnson & Johnson Services, Inc.
4. Alcon (Novartis International AG)
5. HOYA Corporation
6. The Cooper Companies Inc.
7. BenQ Materials Corporation
8. Essilor
9. Contamac
10. SynergEyes, Inc.

IMPACT OF COVID-19 PANDEMIC

The COVID-19 outbreak reflected a decrease in demand for contact lenses globally. The pandemic has considerable social and economic ramifications across various industries and sectors. In the case of contact lenses, the market declined due to the limited eye care consultations.

Furthermore, major market players, such as Bausch + Lomb, The Cooper Companies Inc, and Johnson and Johnson, have reported declining sales due to decreased sales & operations. This led prominent and emerging companies to change their business strategies to adapt. Thus, the impact of COVID-19 somewhat hindered the global contact lenses market.

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About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, chemicals etc.

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Email: sales@theinsightpartners.com

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