Research On Contact Lenses Market — Industry Growth, Trends and Forecast, 2014–2021
Contact Lenses Market Research Report — The contact lenses market has been segmented based on usages such as corrective contact lenses, therapeutic contact lenses, cosmetic contact lenses, prosthetic contact lenses and lifestyle-oriented contact lenses. The study provides forecast and estimates market for each usage in terms of revenue and volume during the forecast period from 2014 to 2021.
Contact lens is a thin optical device positioned directly on the surface of eye cornea. They are worn for functional, optical, cosmetic or therapeutic purposes. This market is major occupied by female wearers. These lenses are beneficial as they provide superior peripheral visualization to that by spectacles; and are moisture & perspiration resistant. As a result of these advantages, they are suitable for sports and other outdoor activities. Moreover, wearer can opt to wear many other eyewear without any hindrance for vision. Companies are coming up with products that are comfortable, flexible, easy or no requirement to clean, have daily disposable modality, and more.
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Changes in lifestyle, food habits and attraction for urban way of living has led to several chronic illness and damage to eye vision. Hence, this concern drives the global contact lenses market. Furthermore, consistent innovations and advancements in the electronic space for the development of soft lenses that display information to the wearer, further boosts the market. Along with the medical usage, increasing demand for cosmetic lens designed to enhance the aesthetic appeal of the eyes drives the market ahead. However, lack of awareness, high cost of product and safety precautions are the major obstacles in the growth of this market.
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This report examines the global contact lenses market and provides information regarding the revenue (USD Million) and volume (Million Units) for the period 2014 to 2021. It further elaborates the market drivers which contribute to the growth. It then describes the restraints that are faced by the market. The market is classified into various segments with deep analysis of each segment for the study period.
1. Increased demand due to ophthalmic disorders
2. Advancement in available products
1. Lack of knowledge of the product
2. Expensive compared to alternatives in the market
Market Report Analysis :
Contact Lenses market attractiveness analysis has been included in order to analyze the application segments that are estimated to be lucrative during the forecast period on the basis of their market size and growth rate. Attractiveness of the market has been derived from market size, profit margin, growth rate, availability of raw materials, competition, and other factors such as social and legal constraints. The contact lenses market has been segmented based on products such as RGP contact lenses, soft contact lenses [daily disposable, weekly (and two weeks), monthly, annual, extended wear, unplanned replacement schedule] and hybrid contact lenses. The study provides forecast and estimates market for each product in terms of revenue and volume during the forecast period from 2015 to 2021. Each product has been further analyzed based on regional and country levels from 2014 to 2021 in terms of volume and revenue.
Best Region Of Markets :
In terms of geography, the contact lenses market has been segmented into regions such as North America, Europe, Asia Pacific and Rest of the world (ROW). The study provides a detailed view of country-level aspects of the market on the basis of application segments and estimates the market in terms of revenue and volume during the forecast period.
SEGMENTATIONS IN REPORT :
A. Contact Lenses Market Analysis By Product :
1. RGP Contact Lenses
2. Soft Contact Lenses
3. Daily Disposable
B. Contact Lenses Market Analysis By Design :
1. Spherical Contact Lenses
2. Toric Contact Lenses
3. Multifocal Contact Lenses
C. Contact Lenses Market Analysis By Usage :
1. Corrective Contact Lenses
2. Therapeutic Contact Lenses
3. Cosmetic Contact Lenses
4. Prosthetic Contact Lenses