How are Increasing Cases of Myopia Catalysing Sales of Contact Lens – Exclusive Report by Fact.MR

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Contact Lens market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Contact Lens

The report offers actionable and valuable market insights of Contact Lens. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Contact Lens Market across various industries and regions.

To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=4536

This newly published and insightful report sheds light on Market Insights of Contact Lens, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Contact Lens Market.

Market Snapshot

According to Fact.MR, the contact lens market surpassed US$ 9 Bn in 2020. According to the report, the sales for contact lenses are projected to surpass US$ 15.3 Bn by 2031.

Growing geriatric population and the consequent deterioration in vision quality and the advent of colourful contact lenses to enhance aesthetic appeal are increasing the demand. Thus, the contact lenses industry is expected to surpass a CAGR of 5% in the forecast period.

Need more information about Report Methodology? Click here-  https://www.factmr.com/connectus/sample?flag=RM&rep_id=4536

Key Segments Covered

·         Material

• • Gas Permeable Contact Lenses
  • Silicone Hydrogel Contact Lenses
  • Hybrid Contact Lenses

·         Design

• • Spherical Contact Lenses
  • Toric Contact Lenses
  • Multifocal Contact Lenses
  • Other Contact Lenses

·         Application

• • Corrective Contact Lenses
  • Therapeutic Contact Lenses
  • Cosmetic Contact Lenses
  • Prosthetic Contact Lenses
  • Lifestyle-oriented Contact Lenses

·         Distribution Channel

• • Online Contact Lens Distribution
  • Offline Contact Lens Distribution

·         Usage

• • Daily Disposable Contact Lenses
  • Disposable Contact Lenses
  • Frequent Replacement Contact Lenses
  • Traditional Contact Lenses

Full Access of this Exclusive Report is Available at-  https://www.factmr.com/checkout/4536

Competitive Landscape

Prominent contact lens manufacturers are capitalizing on introducing new product lines, as well as securing regulatory approvals from government authorities to market their business.

• CooperVision recently received FDA approval for its product called CooperVision Biofinity® toric multifocal Contact Lenses. The product extends the applications of Biofinity® toric lenses to presbyopia patients.
• In Aug, 2019, Alcon launched PRECISION1, the first mainstream contact lens to employ SMARTSURFACE® technology that delivers precision with long lasting comfort.

Key Takeaways of Contact Lenses Market Study

• Silicone Hydrogel will see 1.7x growth between 2019 and 2029. Enhanced oxygen permeability along with soft & flexible nature of silicone hydrogel will enhnace consumer engagement as buyers tend to prioritize eye-adaptability and enhanced comfort in contact lenses.
• Spherical lenses will witness 1.6x growth during forecast period owing to even distribution of lens power throughout the optical part of spherical lens.
• Corrective lenses continue to lead market share followed by astounding growth of over 10% in Therapeutic Lens segment.
• Online distribution channels will gain two fold growth owing to increasing disposable income of millennial consumers that are accustomed to buying from online e-commerce platforms.
• Daily Disposable usage of contact lenses will garner 1.5x growth throughout the forecast period. This can be attributed to benefits of this usage type such as compatibility enhancement for people with dry eyes or allergies.
• North America will maintain its supremacy in terms of market share on the back of increasing early adoption of lens technology and growing geriatric population.
• Southeast Asia & Oceania present lucrative growth opportunities with a stellar CAGR of more than 7% over the forecast period.
• Combining the gas permeable softness of silicone hydrogel with visual clarity of an RGP lens, Hybrid lens material will grow at a promising CAGR of over 7%.

“Market players stand to gain from product innovation such as toric lenses that will drive market growth on the back of multiplying consumer interaction via online channels. The global contact lenses market is well poised for technological disruption. Increasing geriatric population presents stable growth opportunities for contact lens market. Rising expendable income of millennial consumers will drive innovation such as daily disposable contact lenses.” -Says Fact.MR Analyst

Read More Trending Reports of Fact.MR-

https://www.einpresswire.com/article/556693095/advancements-in-the-technology-of-avionics-propels-the-business-aircraft-manufacturing-industry

Key Question answered in the survey of Contact Lens market report:

• Sales and Demand of Contact Lens
• Growth of Contact Lens Market
• Market Analysis of Contact Lens
• Market Insights of Contact Lens
• Key Drivers Impacting the Contact Lens market
• Which are the Key drivers impacted by Contact Lens market
• Restraints Shaping Market Growth
• Market Survey of Contact Lens

More Valuable Insights on Contact Lens Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Contact Lens, Sales and Demand of Contact Lens, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

Download the complimentary copy of ‘Global Packaging Ebook’ from our MarketNgage platform 

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine powered by Future Market Insights. Sign Up for a 7 day free trial!

Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates