Contact Lenses Market
The size of the worldwide contact lens market was estimated at USD 14.6 billion in 2021, and it is projected to increase at a CAGR of 4.3% from 2022 to 2030. To correct refractive defects and make up for visual impairments such myopia, hyperopia, presbyopia, and astigmatism, a corrective lens is preferred. As a result, the market is anticipated to grow throughout the course of the forecast due to an increase in graphic inconsistencies. The quantity of outdoor activities is growing, which is accelerating market expansion.
The need for daily wear contact lenses is being driven by the rise in various regions’ ageing populations and their higher incidence of various vision-related problems. Additionally, the prevalence of eye conditions like myopia has led to a rise in contact lens wearers globally. As a result, demand for daily contact lenses has increased dramatically. Due to the rise in eye disorders across all age groups in nations like India, China, and Japan, the Asia Pacific region is predicted to experience the highest growth in the contact lens market during the forecast period. Additionally, it is anticipated that North America would account for the greatest portion of the global market for contact lenses during the time of forecasting.
Opportunities: Emerging market potential
Globally, developing nations with sizable populations, such as BRIC, Mexico, and South Africa, have tremendous growth prospects for the contact lens industry. In India and China, more than half of the world’s population lives. Age-related eye illnesses will be more common in the area as the senior population rises from 548 million in 2019 to approximately 1.3 billion by 2050. Market participants are being encouraged to increase their presence in these developing economies by factors such as rising per capita spending, changing lifestyles, increased knowledge of eye problems, and market saturation in developed markets.
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Contact Lenses Market: Segment Analysis
Global Contact Lenses Market: Top Key Players
Novartis
Valeant Pharmaceutical International Inc.
Bausch + Lomb
Bescon
Menicon
NEO Vision
Johnson & Johnson Services, Inc.
Oculus
Weicon
Alcon Laboratories, Inc.
Clearlab
CooperVision
Seed
Hoya Corp
St.Shine Optical
Camax
Hydron
Global Contact Lenses Market: By Types
Prosthetic Contact Lenses
Cosmetic Contact Lenses
Corrective Lenses
Global Contact Lenses Market: By Applications
e-commerce
Clinic
Hospital
Pharmacy
Global Contact Lenses Market: By Countries
United States
Canada
Germany
UK
France
Italy
Spain
Russia
China
Japan
South Korea
Australia
Thailand
Brazil
Argentina
Chile
South Africa
Egypt
UAE
Saudi Arabia
Key Regions & Countries
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Physiotherapy Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Questions Answered in This Report:
• What is the driving factor for the growth of the Contact Lenses market?
• How will the COVID-19 pandemic impact the demand and consumption of the Contact Lenses market?
• What is the major application area of the Contact Lenses market?
• Who are the Contact Lenses manufacturers across the globe?
• Which geographical location is dominant in the Contact Lenses market?
• Which are the top industry players in the Contact Lenses market?
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