Uncorrected refractive problems are becoming a more common cause of visual impairment in developed countries.
LONDON, UK, June 28, 2022 /EINPresswire.com/ — The Contact lens market size is valued at approximately USD 10,303.6 million in 2021 and is expected to generate revenue of USD 14,790.7 million in 2028, growing at a CAGR of 5.3% over the forecast period. Contact lenses are a small, round, thin piece of clear plastic placed on the surface of the eye that is designed to fit the cornea and correct vision defects or enhance its aesthetic appeal. Contact lenses are favored by teenagers for their aesthetics, ease of use, and comfort, and their widespread availability in a range of tints has prompted their adoption as a fashion item among some young and middle-aged people.
The Contact Lens Market – Growth Factors
Anti-refraction and anti-scratch contact lenses are developed by contact lens manufacturers. Additionally, these products are gaining popularity due to their ability to provide ultraviolet protection, providing users with a therapeutic experience and high-quality comfort. Due to these factors, there has been a noticeable increase in the use of contact lenses, which helps expand the market. The global contact lens market sees sales opportunities as the tendency to participate in outdoor activities increases. These products are increasingly used for cosmetic and aesthetic purposes in addition to their traditional function as refractive lenses. Therefore, the growing popularity of wearing contact lenses for cosmetic purposes is expected to increase the sales growth in the market over the projection period.
The Contact Lens Market – Segmentation
The global contact lens market on the basis of type, the market is divided into soft lenses, hybrid lenses, and rigid gas permeable (RPG) lenses. Based on design, the market is categorized into bifocal, spherical, multifocal, and toric. Based on usage, the market is divided into weekly disposable, daily disposable, yearly disposable, and monthly disposable. On the basis of product, the market is categorized into Therapeutic, Corrective, Cosmetic, Prosthetic. Based on distribution channel, the market is fragmented into ophthalmic diagnostic center, hospitals, and others.
The Contact lens market trends:
• The use of contact lenses has increased due to increased product launches and developments.
Contact Lenses Market Restraints:
• High research and development costs, together with the rising price of contact lenses and a lack of awareness in developing countries, are expected to hamper the expansion of the industry.
Request a sample report: https://precisionbusinessinsights.com/request-sample?product_id=23058
The Contact Lens Market – Regional Analysis
In 2021, North America held the largest contact lens market share with a revenue share of 37.5%. The reason for this is a combination of variables, including the increasing number of patients with refractive defects and market competitors’ increased focus on strategic collaborative partnerships.
Impacts of the COVID-19 pandemic on the global contact lens market
With the emergence of the COVID-19 pandemic, there have been fewer eye care consultations, which has negatively impacted the growth of the market. Moreover, in the near future, the market may persist with a steady pace of growth.
Ophthalmic Lasers Market By Product Type (Femtosecond Lasers, Nd:YAG Lasers, Excimer Lasers, Cyclodiode Lasers, Green Dual Frequency Lasers, Others), By Procedure (Photodisruption Lasers, Photocoagulation Lasers, Selective Trabeculoplasty (SLT) Lasers) ), by Application (Diabetes Retinopathy, Refractive Error Correction, Glaucoma, Cataract Surgery, Macular Degeneration, Others), by End User (Hospitals, Clinics, Ambulatory Surgical Centers (ASCs)) and Geography
Ophthalmic Knives Market Product Type (Slitting Knives, MVR Knives, Crescent Knives, Knife Knives and Others) by Use (Reusable, Single Use), by Blade (Diamond, Stainless Steel, Others) by Application (Cataract , age-related macular). Degeneration, Glaucoma, Others) by End User (Hospitals, Eye Clinics, and Others) and Geography
Dermocosmetics Market: By Product (Hair Care Products, Skin Care Products, Eye Care Products), Distribution Channel (Retail Pharmacy, Hospital Pharmacy, Online Retail) and Geography
OEM/ODM Cosmetics Market by Type (OEM & ODM) by Application (Skincare, Makeup, Haircare and Others) Distribution Channels (Hypermarkets, Specialty Stores, Supermarkets and Online Stores) and Geography
Cosmetic Dentistry Market: By Product Type (Dental Systems & Equipment, Dental X-Ray Equipment, Dental Implants, Dental Veneers, Dental Crowns, Dental Bridges, Bonding Agents, Orthodontic Appliances, Inlays & Onlays) and Geography
Cosmetic Pigments Market: By Product Type (Special Effect Pigments, Surface Treated Pigments, Nanopigments & Natural Dyes), By Elemental Composition (Organic & Inorganic), By Application (Facial Makeup, Lip Products, Eye Makeup) , nail products, hair coloring products and others) and geography