Posted By Uma Rajagopal
Posted on February 8, 2022
Contact lenses have been popular on the back of their effectiveness in vision correction, in addition to convenience. Predominantly contributed by robust sales of soft contact lenses, the global market for contact lenses is set to reach US$ 8 Bn in terms of revenues by the end of 2022. A new Future Market Insights (FMI) study reveals that the contact lenses market will see a moderate CAGR over 2022 – 2029.
Soft contact lenses are the most prescribed contact lenses, while toric lens designs are significantly gaining popularity over the recent past. The latter are gaining traction attributing to their properties to correct mixed astigmatism. Moreover, these lenses are fashionable, serve various purposes owing to their anti-radiation (block UV rays) properties, and abilities to filter dim lights and work on miniature components. Demand for silicone hydrogel contact lenses is also on a constant rise, as they reduce the risk of hypoxia related eye problems.
Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-10714
Key Takeaways – Contact Lenses Market
- North America is expected to retain its dominant position in the global contact lenses market due to high adoption of contact lenses, high demand for branded products, and frequent new product launches, coupled with significant presence of prominent players in the region.
- Soft lenses continue to be top selling, making up nearly 80% of overall sales in the contact lenses market. These lenses are widely prescribed by doctors, user-friendly, and easier to adjust as compared to hard contact lenses.
- Increasing usage of therapeutic (drug-eluting) contact lenses for ophthalmic drug delivery is creating a massive window of opportunity in the global contact lenses market. These lenses would be garnering interests with their unique advantages such as extended wear and high bioavailability.
Smart Contact Lenses Gaining Traction
Contact lens companies have been introducing novel products in the market, attributable to R&D advancements. Smart contact lenses represent one such innovation that continues to gain popularity worldwide. These lenses do not require surgery and can be inserted or removed by users. Researchers from the Harbin Institute of Technology in China and the University of California San Diego are developing innovative biomimetic smart soft contact lenses that users can zoom in and out by simply blinking.
Contact Sales for Further Assistance in Purchasing this Report-https://www.futuremarketinsights.com/checkout/10714
Contact Lenses Market: Competitive Landscape
Prominent players in the global contact lenses market are CooperVision, Inc., Johnson & Johnson Vision Care, Inc., Hoya Vision Care Company, Alcon (Division of Novartis AG), Bausch & Lomb Incorporated, BenQ Materials Corporation, ZEISS International, SEED Co. Ltd., Essilor International S.A., and Menicon Co. Ltd. These market players primarily focus on product innovation, particularly on product design.
Explore Extensive Coverage of FMI’s Retail & Consumer Products Landscape
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Residential Water Treatment Equipment Market – Obtain comprehensive analysis on the global residential water treatment equipment market through FMI’s latest report covering key regions, competitive analysis along with segmental analysis for 2016-2026.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
Contact lenses have been popular on the back of their effectiveness in vision correction, in addition to convenience. Predominantly contributed by robust sales of soft contact lenses, the global market for contact lenses is set to reach US$ 8 Bn in terms of revenues by the end of 2022. A new Future Market Insights (FMI) study reveals that the contact lenses market will see a moderate CAGR over 2022 – 2029.
Soft contact lenses are the most prescribed contact lenses, while toric lens designs are significantly gaining popularity over the recent past. The latter are gaining traction attributing to their properties to correct mixed astigmatism. Moreover, these lenses are fashionable, serve various purposes owing to their anti-radiation (block UV rays) properties, and abilities to filter dim lights and work on miniature components. Demand for silicone hydrogel contact lenses is also on a constant rise, as they reduce the risk of hypoxia related eye problems.
Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-10714
Key Takeaways – Contact Lenses Market
- North America is expected to retain its dominant position in the global contact lenses market due to high adoption of contact lenses, high demand for branded products, and frequent new product launches, coupled with significant presence of prominent players in the region.
- Soft lenses continue to be top selling, making up nearly 80% of overall sales in the contact lenses market. These lenses are widely prescribed by doctors, user-friendly, and easier to adjust as compared to hard contact lenses.
- Increasing usage of therapeutic (drug-eluting) contact lenses for ophthalmic drug delivery is creating a massive window of opportunity in the global contact lenses market. These lenses would be garnering interests with their unique advantages such as extended wear and high bioavailability.
Smart Contact Lenses Gaining Traction
Contact lens companies have been introducing novel products in the market, attributable to R&D advancements. Smart contact lenses represent one such innovation that continues to gain popularity worldwide. These lenses do not require surgery and can be inserted or removed by users. Researchers from the Harbin Institute of Technology in China and the University of California San Diego are developing innovative biomimetic smart soft contact lenses that users can zoom in and out by simply blinking.
Contact Sales for Further Assistance in Purchasing this Report-https://www.futuremarketinsights.com/checkout/10714
Contact Lenses Market: Competitive Landscape
Prominent players in the global contact lenses market are CooperVision, Inc., Johnson & Johnson Vision Care, Inc., Hoya Vision Care Company, Alcon (Division of Novartis AG), Bausch & Lomb Incorporated, BenQ Materials Corporation, ZEISS International, SEED Co. Ltd., Essilor International S.A., and Menicon Co. Ltd. These market players primarily focus on product innovation, particularly on product design.
Explore Extensive Coverage of FMI’s Retail & Consumer Products Landscape
Laundry Care Market – Get the latest insights on the global laundry care market through FMI’s study covering detailed qualitative and quantitative analysis for predefined projection period (2017-2027).
Sippy Cups Market – FMI’s detailed study on the global sippy cups market encompasses emerging trends, technological advancements, key players, and prominent strategies for the course of forecast period (2018-2027).
Residential Water Treatment Equipment Market – Obtain comprehensive analysis on the global residential water treatment equipment market through FMI’s latest report covering key regions, competitive analysis along with segmental analysis for 2016-2026.
Contact Us:
Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com
