Contact Lens Market - Trends, Outlook 2025
According to the National Eye Institute, around 2.9 million Americans had ophthalmic disorders in 2015, which is expected to increase to 5 million by 2030. In addition to this, technological advancements in contact lens manufacturing, increasing global population, and desire to make fashion statements are projected to be the major factors driving market growth. With added advantages such as unique aquaform comfort technology, breathable lens, added hydration, and oxygen permeability, the global contact lens market is on the surge to rise drastically.
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Silicone hydrogel lens offers excellent eye care and is expected to gain immense popularity
The global contact lens market is segmented on the basis of product type, lens design type, application, and geography.
On the basis of product type, the global contact lens market is segmented into:
Rigid Permeable Gas lens,Soft lens,Hybrid lens
On the basis of lens design type, the global contact lens market is segmented into:
On the basis of application, the global contact lens market is segmented into:
Integration of digital technology with contact lenses is expected to bolster market growth in Asia Pacific
Regional segmentation of the contact lens market by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to the U.S. Centers for Disease Control and Prevention, there were 40.9 million contact lens users in the U.S. in 2016 and the number is expected to rise drastically, making North America dominant in contact lens market. Also, the high performance of disposable contact lens segment, rise in number of senior ophthalmological patients, and ophthalmic issues in young people have led to surge in demand for contact lenses in North America. According to the World Health Organization, up to 20 million Asians are estimated to get affected by eye-related disorders such as cataract, myopia, glaucoma, and age related macular degeneration by 2030. However, growing awareness, safety, and affordability will propel the global contact lenses market growth in Asia Pacific during the forecast period.
Acuvue lenses are the largest prescribed contact lenses ruling the global contact lens market
Key players operating in the contact lens market are Novartis International AG, Menicon Group, The Cooper Companies, Inc., Carl Zeiss AG, Baush and Lomb, Air Optix, Essilor, Conforma, Menicon, UltraVision, and Wesley Jessen. Bioinfinity and Biomedics are two commonly used lenses owing to their superior optic quality.
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About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
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