Contact Lenses Market Trends, Share, Size, Growth and Forecast 2021-2026
According to the latest report by IMARC Group, The global contact lenses market to grow at a CAGR of around 5% during 2021-2026.
SHERIDAN, WYOMING, UNITED STATES, April 12, 2022 /EINPresswire.com/ -- According to the latest report by IMARC Group “Contact Lenses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global contact lenses market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026.
Contact lenses are thin, curved lenses worn on the tear films of the eye to correct refractive defects of vision. They also aid in improving the vision of individuals with myopia, hypermetropia, presbyopia, and astigmatism. They are usually available with a prescription from an ophthalmologist to prevent future complications, such as vision loss or blindness, inflammation, and infections.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
As vision becomes weaker with age, the growing geriatric population is positively influencing the demand for contact lenses for vision correction. Besides this, the increasing participation of individuals in sports and other physical activities is catalyzing the need for contact lenses to reduce the risk of eye injury and provide better compatibility with safety gear. Furthermore, the introduction of special lenses to slow the progression of hyperopia and treat keratoconus and other corneal irregularities in children is offering a favorable market outlook. Moreover, increasing investments by leading market players in manufacturing ultraviolet (UV) inhibiting lenses and colored lenses for cosmetic purposes are anticipated to propel the market growth.
Breakup by Material:
Gas Permeable
Silicone Hydrogel
Hybrid
Others
Breakup by Design:
Spherical
Toric
Multifocal
Others
Breakup by Usage:
Daily Disposable
Disposable
Frequently Replacement
Traditional
Breakup by Application:
Corrective
Therapeutic
Cosmetic
Prosthetic
Lifestyle-oriented
Breakup by Distribution Channel:
E-commerce
Eye Care Practitioners
Retail Stores
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Alcon Vision LLC
Bausch & Lomb Incorporated
Carl Zeiss AG
Contamac Holdings Limited
EssilorLuxottica SA
Hoya Corporation
Johnson & Johnson
Menicon Co. Ltd.
SEED Co. Ltd.
SynergEyes
The Cooper Companies Inc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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