Contact Lenses Market Global Players Covered in This Report:
Some of the prominent players in the global Contact Lenses market are CooperVision, Inc., CLEARLAB SG PTE, Seed Co. Ltd, Menicon Co., Ltd, BAUSCH + LOMB, NEOVISION CO, LTD, Johnson & Johnson, CAMAX OPTICAL CORP, St. Shine Optical Co., Ltd., Novartis AG, LTD, Oculus Private Limited, Hoya Corporation, and Bescon Co., Ltd.
Segments of Contact Lenses Market:
The global Contact Lenses market is segmented into four key segments for improved understanding of the same:
By type, the market includes Therapeutic Lenses, Cosmetic & Lifestyle Lenses, Corrective Lenses, and others. Expected to grow with a CAGR of 5.22%, the corrective lenses segment is at present the dominant player among the various other product types.
By material, the market includes Gas-Permeable Contact Lens, Silicone Hydrogel Soft Contact Lens, Methacrylate Hydrogel Soft Contact Lens, and others. Silicone Hydrogel Soft Contact Lens holds more than 66% of the market share.
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By design, the market comprises Toric, Spherical, Multifocal, and others. Spherical design lenses spearhead more than half of the market. The market is expected to grow further due to the widespread prevalence of myopia and other refractive vision errors.
Contact Lenses Market Overview:
The Global Contact Lenses Market is projected to strikingly increase from USD 7.9 Billion in 2017 to USD 11 Billion by 2023 with a CAGR of 5.70%. Contact lenses have become a highly popular medical device over the years, and the market is only slated to expand further in the forthcoming years. The growing acceptance of contact lenses has led to an influx of manufacturers into the market who are time and again developing multiple categories of lenses. This, in turn, is widening the product range and aiding the market expansion. Contact Lenses are even recommended for non-surgical management of numerous eye-related diseases. The factors as mentioned above are most likely to shape the course of the global contact lenses market and steer its growth trajectory.
The geographical market segmentation of the global Contact Lenses market is divided into five major regions of the world: Europe, Asia-Pacific, North America, the Middle East & Africa, and Latin America.
The Americas hold a dominant portion of the market share primarily due to the increasing population of consumers using contact lenses, rapid implementation of cosmetic lenses among the youth, and growing eye-related issues.
Europe comes second in the market share standings due to its established healthcare sector and increased expenditure in healthcare. Another contributor to the market during the forecast period is the substantial research & development investments by private and government organizations.
The Asia-Pacific region is anticipated to be the fastest growing market, with an expected CAGR of 6.2% during the assessment period.
LIST OF TABLES:
TABLE 1 MARKET SYNOPSIS 17
TABLE 2 PRIMARY INTERVIEWS 22
TABLE 3 GLOBAL CONTACT LENSES MARKET BY TYPE, 2015-2023 (USD MILLION) 38
TABLE 4 GLOBAL CONTACT LENSES VOLUME MARKET BY TYPE, 2015-2023 (UNITS) 38
TABLE 5 GLOBAL CONTACT LENSES MARKET FOR CORRECTIVE LENS, BY REGION, 2015-2023 (USD MILLION) 39
TABLE 6 GLOBAL CONTACT LENSES MARKET FOR THERAPEUTIC LENSES, BY REGION, 2015-2023 (USD MILLION) 39
TABLE 7 GLOBAL CONTACT LENSES MARKET FOR COSMETIC & LIFESTYLE ORIENTED LENS, BY REGION, 2015-2023 (USD MILLION) 40
TABLE 8 GLOBAL CONTACT LENSES MARKET BY MATERIAL, 2015-2023 (USD MILLION) 43
TABLE 9 GLOBAL CONTACT LENSES MARKET FOR SILICONE HYDROGEL SOFT CONTACT LENS, BY REGION, 2015-2023 (USD MILLION) 43
TABLE 10 GLOBAL CONTACT LENSES MARKET FOR METHACRYLATE HYDROGEL SOFT CONTACT LENS, BY REGION, 2015-2023 (USD MILLION) 44
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