Contact lenses market growth is driven by key factors such as increasing prevalence of eye- and vision-related issues and conditions and increasing geriatric population globally

Vancouver, BC -- (SBWire) -- 05/06/2021 --The contact lenses market size is expected to reach USD 11.91 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Increase in refractive disorders among varying age groups, growing geriatric population, changing lifestyle, rapid urbanization, and increase in problems associated with diabetes are major factors boosting revenue growth of the global contact lenses market. Contact lenses offer more comfort and convenience, and increasing consumer affordability due to rising disposable income along with easy availability of a wide range of products, are factors that are expected to continue to support global market growth going ahead.

The market is anticipated to grow exponentially due to the recent progression of technology and developments in products and services. The report further analyzes the revenue growth at the global, regional, and country level with an extensive analysis of current and future industry trends pertaining to each segment and sub-segment. Furthermore, the report analyses the manufacturing process segment, competitive benchmarking, revenue shares of the leading company, regional and global opportunities, latest trends, and market dynamics, and historical data and forecasts.

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Some Key Findings in the Report:

In January 2020, Bausch + Lomb expanded its parameters for toric contact lenses. This expansion helped Bausch + Lomb provide the necessary tools for eye care professionals to address unique vision needs of their patients.
Corrective lenses segment accounted for major revenue share in the global market in 2020. This can be attributed to major prevalence of eye disorders and rapidly increasing global geriatric population and rising prevalence of a rage of vision- and sight-related issues.
North America accounted for 32.1% share in the global contact lenses market in 2020. Robust presence of key market player and rising research on ophthalmology is a key factor driving growth of the market in this region.
Key players operating in the market are Johnson & Johnson, Bausch + Lomb, Alcon, Carl Zeiss Meditec AG, HOYA Corporation, The Cooper Companies, Seed Co., Ltd., EssilorLuxottica (France), BenQ Materials Corporation, and Menicon Co., Ltd.

Contact Lenses Market Segmentation:

For the purpose of this report, Emergen Research has segmented the global contact lenses market based on usage, design, material, application, marketing channel, and region:

Usage Outlook (Revenue: USD Billion; 2018–2028)
Daily Wear
Disposable
Reusable
Extended Wear
Traditional lenses

Design Outlook (Revenue: USD Billion; 2018–2028)
Monovision
Spherical
Toric
Multifocal

Material Outlook (Revenue: USD Billion; 2018–2028)
Hybrid
Silicone Hydrogel
Rigid Gas Permeable
PMMA

Application Outlook (Revenue: USD Billion; 2018–2028)
Therapeutic
Lifestyle-Oriented
Prosthetic
Cosmetic
Corrective

Marketing Channel Outlook (Revenue: USD Billion; 2018–2028)
Online
Offline
Retail Stores
Brand Showrooms

The market is spread across several key geographical regions, and the report covers the regional analysis as well as the production, consumption, revenue, and market share in those regions for the forecast period. The regions include North America, Latin America, Europe, AsiaPacific, and Middle East and Africa.

Comprehensive Regional Analysis Covers the Following Regions:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Coverage of the Contact Lenses Market:

Insightful information regarding the global Contact Lenses market
Identification of growth in various segments and sub-segments of the Contact Lenses market
Strategic recommendations for investment opportunities
The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
Emerging trends and current market segment analysis to help investors formulate new business strategies
Accelerates the decision-making process through the availability of the drivers and limitations

Table of Content

Chapter 1. Methodology & Sources
    1.1. Market Definition
    1.2. Research Scope 
    1.3. Methodology
    1.4. Research Sources
          1.4.1. Primary
          1.4.2. Secondary
          1.4.3. Paid Sources
    1.5. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018-2028
Chapter 3. Key Insights
Chapter 4. Contact Lenses Market Segmentation & Impact Analysis
    4.1. Contact Lenses Market Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                    4.2.2.1. Increase in the number of  eye diseases across the world
                    4.2.2.2. Growing aging population
          4.2.3. Market restraints analysis
                    4.2.3.1. High price of contact lens
                    4.2.3.2. lack of professional eye care services 
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. Porter's Five Forces Analysis
    4.6. Competitive Metric Space Analysis
    4.7. Price trend Analysis
    4.8. Covid-19 Impact Analysis

Chapter 5. Contact Lenses Market By Usages Insights & Trends, Revenue (USD Billion) 
    5.1. Usage Dynamics & Market Share, 2018 & 2028
          5.1.1. Daily Wear
          5.1.2. Extended Wear
          5.1.3. Traditional lenses

Chapter 6. Contact Lenses Market By Design Insights & Trends Revenue (USD Billion) 
    6.1. Design Dynamics & Market Share, 2018 & 2028
          6.1.1. Monovision
          6.1.2. Spherical
          6.1.3. Toric
          6.1.4. Multifocal

CONTINUED..!!

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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