Contact Lens Market - Global Industry Insights, Trends, Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Seattle, WA -- (SBWire) -- 11/14/2019 --A contact lens is a medical device used for cosmetic and therapeutic reasons, basically used for vision correction as it enhanced peripheral vision and does not accumulate moisture from the atmosphere. Moreover, the contact lens offers high compatibility as it can be worn along with other eyewear choices such as sunglasses. Furthermore, contact lenses are more comfortable than spectacles as it is widely used to correct refractive errors efficiently, compensates for visual deficiencies, and typically improves conditions such as myopia, hyperopia, astigmatism, and presbyopia. Nowadays contact lenses can be produced with the help of advanced technology such as cast molding which offers higher accuracy and quality. Lenses can be classified based on their materials, wear, schedule, and primary function into a multifocal contact lens, corrective contact lenses, and monovision.

Try Sample Report @ https://www.coherentmarketinsights.com/insight/request-sample/715

Growing incidences of ophthalmic disorders are projected to fuel the market growth

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 expected to be the major factors fueling market growth. The market is also expected to gain significant growth on the account of the development of new products such as unique aqua form comfort technology, breathable lens, added hydration, and oxygen permeability.

Silicone hydrogel lens offers excellent eye care and is expected to gain immense popularity

The global contact lens market is segmented based on product type, lens design type, application, and geography.

Based on product type, the global contact lens market is segmented into:
- Rigid Permeable Gas lens
- Soft lens
- Hybrid lens
Based on lens design type, the global contact lens market is segmented into:
- Spherical
- Toric
- Multifocal
- Others
Based on application, the global contact lens market is segmented into:
- Corrective
- Therapeutic
- Prosthetic
- Cosmetic

Inquire More About This Report @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/715

Integration of digital technology with contact lenses is expected to bolster market growth in the 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 projected to grow drastically, making North America dominant in contact lens market. Moreover, the high performance of the disposable contact lens segment, rise in several senior ophthalmological patients, and ophthalmic issues in young people have also raised the 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 cataracts, myopia, glaucoma, and age-related macular degeneration by 2030. However, growing awareness, safety, and affordability will propel the global contact lens market growth in the 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.

Report Overview @ https://www.coherentmarketinsights.com/ongoing-insight/contact-lens-market-715

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.