Cosmetic Contact Lens Market Size - Industry Report, 2023

Global Market Insights has a new study based report titled "Cosmetic Contact Lens Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development, Price Trend, Competitive Market Share & Forecast, 2016 - 2023".

Global cosmetic contact lens market size was valued at over USD 900 million in 2015 and is expected to grow at a CAGR of around 6.5% over the forecast period. Increasing demand for changing aesthetic appearance without vision correction is anticipated to drive industry growth. Contact lenses market size is estimated to exceed USD 13 billion by 2023.

U.S. cosmetic contact lens market share was valued at over USD 250 million in 2015, and is expected to grow faster than the global average over the forecast period. Increasing usage of these products for enhancing overall aesthetic appeal is expected to propel demand over the forecast period.

Request for Detailed Table of Contents of this report@
www.gminsights.com/request-toc/upcoming/280

Surging usage in the entertainment sector is expected to boost cosmetic contact lens market size growth. Furthermore, continuous innovation for developing products that display information to the user using various processes such as laser cutting and injection molding is expected to positively impact the industry over the forecast period. Increased standard of living and higher disposable income are also estimated to fuel growth.

1. Cosmetic Contact Lens Market size & forecast by product & application
2. Growth drivers, pitfalls & industry challenges
3. Key Cosmetic Contact Lens Market growth opportunities & emerging business
models
4. Competitive benchmarking with market share analysis and company profiles

Colored lenses help in changing the wearer’s eye color or enhancing the hue. Growing acceptance of corrective surgeries such as LASIK is estimated to favorably impact cosmetic contact lens market size. Costume contact lens market mainly finds application in the film industry for special effects makeup.

Features such as ease of adjustability and high comfort are forecast to boost the cosmetic contact lens industry from 2016 to 2023. Since these products are targeted at the younger demographic, increased elderly population and general increase in the percentage of population with visual inaccuracies is expected to hinder growth.

Inquire About to purchase this research report@
www.gminsights.com/inquiry-before-buying/280

The Cosmetic Contact Lens Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Cosmetic Contact Lens Market Industry Insights

3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends

4. Cosmetic Contact Lens Market Product Insights
5. Cosmetic Contact Lens Market Application Insights
6. Cosmetic Contact Lens Market Regional Insights
7. Competitor Profiles

Asia Pacific cosmetic contact lens market volume is expected to grow at a CAGR of over 4% from 2016 to 2023. Japan is predicted to contribute considerably to the regional industry. Growing internet availability along with online retailing services is expected to positively impact demand. However, growth in internet retailing has lowered unit prices, which may affect revenue generation to some extent. Growing purchase volumes are expected to curb the impact of this trend over the next six years.

The Chinese State Food and Drug Administration (SFDA) intend to regulate the sale of colored lenses as Class III (highest risk) medical devices. This is mainly due to increased popularity of these products in the region, which has led to safety and quality issues. Since they are inserted in the eye, any regulatory loopholes may result in adverse impact on consumers’ health. Possible ban on the manufacture and sale without legitimate licenses and registration may restrain the regional industry over the forecast period.

Emergence of circle lenses that extend the appearance of the iris onto the sclera has been a new trend in countries such as Japan, South Korea and China. Majority of the overall production is undertaken in Asia, and these products have made inroads in the U.S. as well.

Browse Cosmetic Contact Lens Market report summary@
www.gminsights.com/industry-analysis/spandex-market

Key industry players include CooperVision, Bausch & Lomb, Ciba Vision (Alcon), and Johnson & Johnson. Contact lens market share is consolidated, and leading players have accrued high degree of brand loyalty. Long term agreements, global coverage and ensuring robust marketing and branding operations are expected to remain the key growth strategies. The industry comprises a large number of local manufacturers, especially from Asia Pacific.

Other prominent participants in include Allied Medical, Carl Zeiss, Blanchard, Conforma, Eagle Optics, Contamac U.S., GKB, Hydrogel Vision, Hoya, Iridex, Medicure Instruments, Medennium, Nidek, Wesley Jessen, X-CEL Contact and Synergeyes.

About Global Market Insights, Inc.:
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.

Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/

This release was published on openPR.