Global Contact Lenses Market Research Report – Forecast to 2023 REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Introduction A contact lens is a thin lens placed directly on the surface of the eye. The increasing prevalence of visual inaccuracies and eye disorders is one of the key drivers in the contact lenses market. The prevalence of various ocular disorders, such as myopia, hypermetropia, and others is also growing at an alarming rate, worldwide. These ocular disorders are associated with a significant rise in the risks for vision impairment due to conditions such as high myopia and other diseases. According to the World Health Organization (WHO), the prevalence of myopia will be much higher in high-income regions of Asia-Pacific, i.e., in the East and South-East Asia and is also predicted to increase to 24% by 2050. According to the Journal of Ophthalmology, 2018 the National Health and Nutrition Examination Survey (NHANES) reported the annual direct cost of correcting distance vision impairment due to refractive errors to be between USD 3.9 billion and USD 7.2 billion in the US Contact lenses are now commonly used to correct myopia, hyperopia, astigmatism, and presbyopia. There are other eye conditions as well, such as keratoconus and aniseikonia that are better corrected with contact lenses. The growing adoption of contact lenses for the correction of multiple vision detects including refractive errors such as myopia, hyperopia, astigmatism, and presbyopia, is propelling the growth of the market. Additionally, technological advancements in contact lenses and increasing preference for contact lenses in young adults are expected to contribute to the growth of the market during the forecast period. However, alternative therapies for the correction of refractive errors such as LASIK and PRK and safety concerns related to the use of contact lenses may hamper the growth of the market. The global contact lenses market is expected to reach USD 11036.45 million by 2023 at a CAGR of 5.7% during the assessment period. Based on type, the market is segmented into corrective lens, therapeutic lens, and cosmetic and lifestyle-oriented lens. The corrective lens segment accounted for the largest market share, in 2017, whereas the cosmetic and lifestyle-oriented lens segment is expected to be the fastest growing segment at a CAGR of 6.14% during the forecast period. Based on material, the market is segmented into silicone hydrogel soft contact lens, methacrylate hydrogel soft contact lens, gas-permeable contact lens, and others. The silicone hydrogel soft contact lens segment accounted for the largest market share of global contact lenses market, in 2017and is expected to register a CAGR of 5.61% during the forecast period. Based on design, the market is segmented into spherical, toric, multifocal, and others. The spherical segment dominated the global contact lenses market, registering USD 4362.85 million in 2017 and expected to reach USD 6038.36 million by 2023 at the rate of 5.57% during the forecast period. Based on regions, the market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas dominated the contact lenses market. The contact lenses market for the Americas was valued at USD 2902.21 million in 2017 and is expected to reach USD 4071.77 million by 2023 at a CAGR of 5.81% during the forecast period. Key Players Johnson &Johnson Vision Care, Novartis AG, Cooper, Bausch + Lomb, Neovision Co, Ltd, NEOVISION CO, LTD, Hoya Corporation, Seed Co. Ltd, Menicon Co., Ltd, Bescon Co., Ltd, Oculus Private Limited, CAMAX OPTICAL CORP, and St. Shine Optical Co., Ltd. Study Objectives To provide a detailed analysis of the market structure along with a forecast of various segments and sub-segments of the global contact lenses market To provide insights into factors influencing and affecting the market growth To provide historical and forecast revenue of market segments and sub-segments with respect to countries To provide historical and forecast revenue of market segments based on channels, applications, and regions for the global contact lenses market To provide strategic profiling of key players in the market and comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market To provide economic factors that influence the global contact lenses market To provide a detailed analysis of the value chain and supply chain of the global contact lenses market Target Audience Ophthalmologists Manufacturers & Suppliers Contract Research Organizations (CROs) Research and Development (R&D) Companies Government Research Laboratories Independent Research Laboratories Government and Independent Regulatory Authorities Academic Institutes and Universities Key Findings The Americas accounted for the largest market share in the global contact lenses market, with USD 2902.21 million in 2017 and is expected to reach USD 4071.77 million by 2023 at the fastest CAGR of 5.81% Corrective lens held the largest market share of 43.4% in the global contact lenses market, by type, in 2017 Silicone hydrogel soft contact lens contributed a remarkable share of the market registering 66.2% in 2017 Regional Analysis Americas North America US Canada South America Europe UK France Germany Italy Spain Netherlands Russia Poland Rest of Europe Asia-Pacific Japan South East Asia China India Republic of Korea Rest of Asia-Pacific Middle East & Africa Middle East Africa To know more, click on the link below:- https://www.kenresearch.com/consumer-products-and-retail/cosmetics-and-personal-care/global-contact-lenses/153764-95.html Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91-9015378249 Tags: Global Contact Lenses Market Analysis, Global Contact Lenses Market Competition, Global Contact Lenses Market Forecast, Global Contact Lenses Market Future Outlook, Global Contact Lenses Market Growth Analysis, Global Contact Lenses Market Opportunities, Global Contact Lenses Market Overview, Global Contact Lenses Market Research Report, Global Contact Lenses Market Revenue, Global Contact Lenses Market Shares, Global Contact Lenses Market Size, Global Contact Lenses Market Statistics, Global Contact Lenses Market Trends, Global Contact Lenses Market Value
