Contact Lenses Market Expected To Trigger A Revenue To Reach USD 17.7 Billion By 2025: Grand View Research Inc.

Contact Lenses Market

San Francisco, 9 December 2019: The Report Contact Lenses Market Size, Share and Trends Analysis Report By Material (Gas Permeable, Silicone Hydrogel), By Design, By Application, By Distribution Channel, By Usage, By Region, And Segment Forecasts, 2019 – 2025

The global contact lenses market size is expected to reach USD 17.7 billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 5.6% from 2019 to 2025. The use of innovative materials for manufacturing contact lenses and increasing adoption of contact lenses are prominent factors boosting the growth of the market. The rising tendency of youngsters to enhance their aesthetic appearance and growing aging population is expected to drive the market over the forecast period. Also, global factors such as the rising disposable income and improvement in the overall economy are anticipated to propel the growth of the market.

Contact lenses manufacturers are source for wholesale distributors as well as retail distributors. Manufacturers distribute their products through a variety of channels. Significant growth of the market can be attributed to factors such as increasing number of active lens wearers and technological advancements including the development of silicon hydrogel material for the fabrication of soft lenses.

In the material segment, the hybrid lens is expected to portray the highest CAGR over the forecast period. By application, the corrective segment is anticipated to rise, owing to increasing use of lenses for correction of refractive errors. They are also used to compensate for various deficiencies in vision such as hypermetropia/hyperopia, presbyopia, astigmatism, and myopia. Based on usage, the daily disposables segment accounted for the largest market share in 2018.
Access Research Report of Contact Lenses Market @  https://www.grandviewresearch.com/industry-analysis/contact-lenses-market
Further key findings from the report suggest:
  • The soft lenses have the highest acceptance rate, owing to its properties such as flexibility, comfortability, and oxygen permeability to the eyes. The soft lenses are expected to be the highest growing segment by revenue over the forecast period
  • The multifocal design segment is expected to portray high growth rate with a CAGR of 7.7% over the projected period
  • The South American regional contact lenses market is expected to have significant growth over the forecast period, owing to the large-scale penetration of contact lenses
  • The key players in the market areAbbott Medical Optics, Inc.; Alcon Vision LLC; Bausch and Lomb, Incorporated; ZEISS International; Contamac; CooperVision, Inc.; Essilor International S.A.; Hoya Corporation; Johnson and Johnson Vision Care, Inc.; Medennium; Seed Co., Ltd.; STAAR Surgical Company; SynergEyes, Inc.; and X-Cel Specialty Contacts
Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/specialty-and-fine-chemicals

Grand View Research has segmented the global contact lenses market based on material, design, application, distribution channel, usage, and region:
Contact Lenses Material Outlook (Revenue, USD Million, 2014 - 2025) 
  • Gas Permeable
  • Silicone Hydrogel
  • Hybrid Lens
Contact Lenses Design Outlook (Revenue, USD Million, 2014 - 2025) 
  • Spherical Lens
  • Toric Lens
  • Multifocal Lens
  • Other Lens
Contact Lenses Application Outlook (Revenue, USD Million, 2014 - 2025) 
  • Corrective
  • Therapeutic
  • Cosmetic
  • Prosthetic
  • Lifestyle-oriented
Contact Lenses Distribution Channel Outlook (Revenue, USD Million, 2014 - 2025) 
  • E-commerce
  • Eye Care Professionals
  • Retail
Contact Lenses Usage Outlook (Revenue, USD Million, 2014 - 2025) 
  • Daily Disposable
  • Disposable
  • Frequently Disposable
  • Traditional (Reusable) Lenses
Contact Lenses Regional Outlook (Revenue, USD Million, 2014 - 2024)
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa
Access Press Release of Contact Lenses Market @ https://www.grandviewresearch.com/press-release/global-contact-lenses-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com

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