Report Title: “Contact Lenses Market – Growth, Trends, and Forecasts (2019 – 2024)“
Contact Lenses Market Report (2019 – 2024) Provides the Leading Manufactures of Contact Lenses market, market overview, scope of the market and Reasons to purchase this report. Also Report provides a 360-degree overview of the global Contact Lenses market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Get Sample PDF Of Report – https://www.360marketupdates.com/enquiry/request-sample/13782688
Contact Lenses Market Report Covers Leading Manufacturers: Staar Surgical , Novartis AG , Bausch Health Companies Inc. , Zeiss Group , The Cooper Companies , Essilor International SA , Hoya Corporation , Haohai Biological Technology , Johnson & Johnson Vision Care Inc.. , SynergEyes Inc.
The Contact Lenses Market Overview:
The growth of the global contact lens market is due to the increasing prevalence of optical disorders, increasing tendency to enhance aesthetics, and increasing disposable incomes. As of 2017, according to WHO estimates, age-related macular degeneration (AMD) ranked third among the global causes of visual impairment, with the prevalence of blindness being 8.7%. It is the primary cause of visual deficiency in industrialized countries. Additionally, an emerging important cause of visual impairment in the developed regions of the world is uncorrected refractive errors.
According to the 2010 assessment by WHO, cataract was responsible for 51% of world blindness, which represented approximately 20 million people. Due to increasing life expectancy, particularly in the developed region of the world, the number of people with cataract is anticipated to grow. Consequently, cataract is an important cause of low vision in both developed and developing countries. A higher disposable income translates to greater spending in all areas of personal expense. The increasing disposable income in the developed countries is prompting the purchase of low-priority commodities, specifically those pertaining to cosmetics. Consequently, increasing disposable income in developed countries is a driver for the growth of the global contact lens market.
Inquire for further detailed information about Contact Lenses Market Report – http://www.360marketupdates.com/enquiry/pre-order-enquiry/13782688
Rigid Gas Permeable Contact Lenses Segment is Expected to Exhibit the Fastest Growth Rate over the Forecast Period
A rigid gas permeable lens is also known as RGP lens or GP lens. It is a rigid contact lens made of oxygen-permeable polymers. They are porous and allow the oxygen to pass through them. These rigid lenses are able to replace the natural shape of the cornea with a new refracting surface. Since their introduction, these lenses have essentially replaced non-porous polymethyl methacrylate (PMMA) contact lenses.
These lenses often provide sharper vision than soft and silicone hydrogel contacts, especially if someone has astigmatism. It usually takes some time for the eyes to adjust to these lenses, but after this initial adaptation period, most people find that these lenses are as comfortable as hydrogel lenses.
Although these lenses have dominated the market earlier, they have lost significant value in the past two decades with the advancement of soft lenses in the market. Hence, they are much more cost effective and generally last long when taken care of properly, as long as one does not require a prescription change. This may be a driving factor for the forecast period.
North America Captured the Largest Market Share and is Expected to Retain its Dominance
North America holds the largest share in the global contact lenses market with the United States being the largest contributor to its revenue. The United States is one of the major countries in the contact lens market, due to the healthcare facilities available in the country and high healthcare conditions. Factors, such as the presence of geriatric population and the prevalence of eye diseases and injuries, in terms of contact lens market, are primarily fueling the growth.
The National Eye Institute has estimated that over 2.9 million US residents were detected with low vision in 2014. The number is projected to increase further and is expected to reach around 5 million by the year 2030. In addition to this, as per a report by the US Centre of Disease Control and Prevention, about 40.9 million wearers of contact lenses were aged 18 or older, accounting for about 16.7% of the adult population in the United States in 2015. This increase is anticipated to accelerate the growth of contact lenses wearers in the country over the forecast period.
The Scope of Contact Lenses Market:
Contact lenses not only serve the need to alleviate the use of hard-to-manage and bulky spectacles, but also provide the added benefit of enhancing one’s aesthetic appeal. The increasing innovations in the production of contact lenses during the past decade have led to the use of various materials for producing lenses that serve multiple purposes. Contact lenses are also used to treat common eye disorders, such as myopia, hypermetropia, presbyopia, astigmatism, and glaucoma.
Order Full Copy of Report – https://www.360marketupdates.com/purchase/13782688
Reasons to Purchase this Report:
- Current and future of Global Smart Cities Market outlook in the developed and emerging markets
• Analysing various perspectives of the market with the help of Porter’s five forces analysis
• Report customization as per the client’s requirements
• Regions that are expected to witness fastest growth during the forecast period
• Identifying the latest developments, market shares and strategies employed by the major market players
• 3 month analyst support, along with the Market Estimate sheet (in Excel)
About 360 Market Updates:
360 Market Updates is the credible source for gaining the market reports that will provide you with the lead your business needs. At 360 Market Updates, our objective is providing a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision makers in finding most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.
Name: Mr. Ajay More
Email: [email protected]
Organization: 360 Market Updates
Phone: +14242530807/+44 203 239 8187
Tagged:- Google News, Contact Lenses Market, Contact Lenses Europe Market, Contact Lenses APAC Market, Contact Lenses Market By Application, Contact Lenses Market By Rising Trends, Contact Lenses Market Development, Contact Lenses Market Forecast, Contact Lenses Market Future, Contact Lenses Market Growth, Contact Lenses Market In Key Countries, Contact Lenses Market Latest Report, Contact Lenses Market Swot Analysis, Contact Lenses Market Top Manufacturers, Contact Lenses Sales Market, Contact Lenses United States Market