Global Contact Lenses Market to experience hike in growth by 2024

Global Contact Lenses Market to experience hike in growth by 2024

Zion Market Research, the market research group announced the analysis report titled “Contact Lenses Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Global Contact Lenses Market: Overview

To rectify the vision or for fancy purposes, contact lenses are placed directly on the eyeball. These lenses are thin wafer type plastic lenses. The lenses should be handled very carefully as they are very sensitive and mishandling can cause dislocation and infections. Different types of contact lenses are available in the market depending on the type of eye disorder. Different types of contact lenses that are available in the market are the bifocal lens for astigmatism, bifocal contact lenses, daily disposable contact lenses, scleral contact lenses, and color contact lenses. The contact lenses have developed a lot in the global eye care and eyewear industry.

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Global Contact Lenses Market by Segmentation:  The contact lenses market is globally segmented into its product, design, and usage. On the basis of the product type, the market is segregated into the hybrid lens, RPG lens, and soft lens. Based on the design type, the global market is segregated into multifocal, spherical, toric, and others. Depending on the usage type, the market is divided into therapeutic, prosthetic, corrective, cosmetic, and lifestyle-oriented.

Global Contact Lenses Market by Growth Factors:  The key factors that are contributing to the growth of the global market are the wide availability of the contact lenses and the competitive prices. In addition, the other factors that are contributing to the market growth include the rise in the population that is afflicted with ophthalmic disorders such as weakened eyesight and refractory errors. The major consumers of the contact lenses are the youth. The contact lenses manufacturers are taking efforts to train the people about the safe and correct use of the contact lenses along with the availability of different types of products for sale has increased the demand for the contact lenses in the global market. Always extra caution is required while wearing the contact lenses as they are directly placed on the eye cornea, thus the eyes can be easily affected with ulcerations, infections, or any other disorders. They are expected to be handled and stored carefully as they are very delicate. This factor hampers the growth of the market. Furthermore, the lack of ophthalmologist in the developing countries set back the market growth.

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Global Contact Lenses Market by Regional Analysis:  The geographical segmentation of the contact lenses market includes North America, Asia Pacific, Europe, and Rest of the World. The region that is dominating the contact lenses market is the North America. The factor that contributes to this growth is the increase in the people of all age groups that suffer from ophthalmic issues. But the rate at which the market is growing in the Asia-Pacific region is commendable. Factors that attribute to this growth are the increasing awareness among the people, use of advanced technologies for the production of the contact lenses, and the rapid urbanization in the region.

Global Contact Lenses Market by Competitive Players:  Some of the key market players that are involved in the contact lenses market include CIBA Vision, Bausch & Lomb Incorporated, Johnson & Johnson Services, Inc., and CooperVision, Inc.

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Contact Lenses Market by Geographical Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa

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