Thursday, November 19th, 2020 - Future Market Insights

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 2019. A new Future Market Insights (FMI) study reveals that the contact lenses market will see a moderate CAGR over 2019 - 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.

For more insights into the Market, Request a Sample of this [email protected] 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.

Growing prevalence of myopia among young children and elderly demographic will continue to create significant opportunities for prominent players in the contact lenses market. Daily wear soft contact lenses made of flexible plastic that enables oxygen to pass through the eyes are gathering traction in market. Besides such innovations, online sales will help manufacturers reap sizeable profits in the global market.

For Information On The Research Approach Used In The Report, Request [email protected] https://www.futuremarketinsights.com/askus/rep-gb-10714

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 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.

For any Queries Linked with the Report, Ask an [email protected] https://www.futuremarketinsights.com/ask-question/rep-gb-10714

Table Of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Summary of Key Statistics

    1.3. Summary of Key Findings

    1.4. Product Evolution Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Taxonomy

    2.2. Market Definition 

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation Trends

    3.3. Evolution of Eyewear Industry

    3.4. Future Prospects of Eyewear Industry

4. Brand Mapping Analysis 

    4.1. Price v/s Product

    4.2. Value for Money

    4.3. Top of Mind Contact Lenses Brands

    4.4. Brand Portfolio-by Key Players

    4.5. Brand Loyalty Mapping

    4.6. Usage Pattern Overview

    4.7. Branded vs Unbranded-Market 

5. Global Contact Lenses Market Demand Analysis 2014-2018 and Forecast, 2019-2029

Download Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-10714

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Abhishek Budholiya

Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,

Jumeirah Lakes Towers, Dubai,

United Arab Emirates

MARKET ACCESS DMCC Initiative

For Sales Enquiries: [email protected]

For Media Enquiries: [email protected]

Website: https://www.futuremarketinsights.com

File Library

Contact Profile

Future Market Insights


Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends.


FMI
P: +1-347-918-3531
W: www.futuremarketinsights.com/

Keywords

2019 Analysis and Review of Contact Lenses Market by Product - Soft Lenses and Gas Permeable Lenses for 2019 - 2029

Categories

Newsrooms

Sharing

More Formats

View QR Code