Contact lenses can be described as very thin lenses which has to be placed on the eye’s surface in a precise fashion. Eye contacts are generally considered as healthcare devices and are utilized for various reasons like the restoration of accurate vision, therapeutic or cosmetic purposes. Colored contact lenses have undergone quite a social transformation after starting off as lifestyle products. Prescription colored contacts are considered to be more convenient as well as being more fashionable than glasses. With the availability of a wide variety of bifocal contacts as well as their enhanced affordability, the Contact Lenses Market is in a very good position to grow significantly during the next few years.
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Scope & Regional Forecast of the Contact Lenses Market
During the past few years, the Contact Lenses Market has focused on developing certain key novelty contact lenses manufacturing technologies like cast molding, spin casting, etc. While cast molding has caught the eye of contact lens manufacturers, other technologies are also being adopted at a rapid pace. The latest technologies benefits like automated production of a lens which leads to superior accuracy and quality. The cost of taking an eye exam through electronic devices has also fallen and is enticing doubtful potential customers to finally take the plunge.
While North America currently dominates the Contact Lenses Market demand, Asia-Pacific has exhibited the most potential for future growth. The aging population in Japan, introduction of modern technology in rural India, rising awareness of contact lens benefits and enhanced affordability are set to be the key future market growth drivers.
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Segmentations & Key Players Involved in the Contact Lenses Market
The Contact Lenses Market can be broken down into various segments as follows:
Geographical Location: North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Contact Lenses Market are as follows:
- Bausch & Lomb Incorporated
- Body Organ Biomedical Corp.
- Children’s Hospital Boston
- Axcelon Biopolymers Corp.
- EP Global Communications, Inc.
- Euclid Systems Corporation
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