Contact Lenses Market is Expected to Grow at a CAGR of 5.70% by 2029

The  contact lenses market will project a CAGR of 5.70% for the forecast period of 2022-2029. Growth and expansion of fast moving consumables goods industry especially in the developing economies, rising awareness about the benefits of contact lenses, growing popularity of various brands and increasing personal disposable income are the major factors attributable to the growth of contact lenses market.

Surging cases of hyperopia, presbyopia, astigmatism and other ophthalmic disorders and rising number of product innovations are the major factors fostering growth of the market. Rising geriatric population base and surging visual defects in young children owing to the increased screen time before computers, laptops and smartphones will further create lucrative growth opportunities for the market. 

Also known as contacts, contact lenses are small circular thin flexible piece of clear plastics, which are designed to be worn over the surface of eyes, enabling clear vision and removing the need to wear spectacles. Contact lenses are used as alternatives to spectacles and are used to correct myopia and glaucoma.     

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Global Contact Lenses Market Scope and Market Size

The contact lenses market is segmented on the basis of model, design, material, color variation, distribution channel and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

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