Press release
Contact Lenses Industry to Witness Massive Growth (2024-2031) | Abbott Medical Optics Inc., Bausch Health Companies Inc., Contamac.
Will the Contact Lenses market emerge as the sector's next great thing? To discover the answer, look at the Contact Lenses market analysis and projections. In-depth insight of the opportunities, difficulties, and trends now impacting the Machinery landscape is provided by this market research study, empowering industry participants to make informed decisions in a changing environment. Take advantage of the opportunity in the Contact Lenses market! (2031)
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Key Growth Drivers in Contact Lenses Market:
Rising Prevalence of Optical Disorders
The global contact lens market is experiencing significant growth due to the increasing prevalence of optical disorders. Myopia is a major contributor, with the International Agency for the Prevention of Blindness (IAPB) reporting that approximately 28% of the global population was affected by myopia in 2010. This figure is projected to rise to nearly 50% by 2050.
Additionally, the growing popularity of contact lenses for aesthetic enhancement, thanks to their availability in various colors and designs, is driving market expansion. The increasing disposable incomes and preference for daily disposable lenses, which offer convenience and are maintenance-free, are further supporting market growth.
Advancements in research and development, particularly in therapeutic applications and consumer awareness of diverse contact lens options, are also propelling the market. For example, Johnson & Johnson Vision's antihistamine-releasing contact lens, revealed in March 2019, has demonstrated the ability to reduce itchy eyes caused by allergens. Moreover, Bausch + Lomb's launch of the Infuse silicone hydrogel daily disposable contact lens in August 2020, featuring ProBalance Technology, addresses contact lens dryness and maintains ocular surface homeostasis.
These factors-rising rates of optical disorders and ongoing technological advancements-are expected to drive significant growth in the contact lens market throughout the forecast period.
DataM Intelligence profiles some of the most reputed organizations present in the Contact Lenses market. They are as follows:
Abbott Medical Optics Inc., Bausch Health Companies Inc., Contamac, Essilor International SA, Haohai Biological Technology, Hoya Corporation, Johnson & Johnson, Polylite Sofclear, Scrivens House and Alcon Inc.
Segment Covered in the Contact Lenses Market:
By Design: Spherical Contact Lenses, Toric Contact Lenses, Multi-focal Contact Lenses.
By Usage: Daily-Use, Weekly, Monthly.
By Application: Corrective, Therapeutic, Cosmetic.
By Distribution Channel: Retail Stores, Clinics, Hospitals and Clinics, Online Stores.
Regional Analysis:
The global Contact Lenses Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Contact Lenses Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Contact Lenses Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of Contact Lenses manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of Contact Lenses in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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FAQ's
Q.1. What are the primary drivers of the Contact Lenses Industry?
Q.2. What are the main factors propelling and impeding the growth of the Contact Lenses market?
Q.3. What are the general structure, risks, and opportunities of the market?
Q.4. How do the prices, revenue, and sales of the leading Contact Lenses market firms compare?
Q.5. What are the main segments of the market and how is it divided up?
Q.6. Which companies dominate the market, and what percentage of the market do they control?
Q.7. What trends are influencing the Contact Lenses market now and in the future?
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