As stated by MarkNtel Advisors in their research report, the Global Contact Lens Market is projected to grow at a CAGR of around 5.5% during the forecast period, i.e., 2022-27. The market growth of contact lenses is substantially propelled by the rising cases of refractive errors, including astigmatism, farsightedness, near-sightedness, and presbyopia owing to the massive usage of smartphones and continuous screen viewing. Consumers are becoming aware of the health advantages offered by contact lenses providing a wider view field with fewer distortion and viewer hindrances as compared to glasses. All these aspects are boosting the Global Contact Lens Market expansion.
Additionally, the evolving lifestyles and people following fashion trends are also significant factors leading to the market growth. The global population is continuously switching to contact lenses since spectacles are considered nerdy and outdated. Besides, the growing urge of the young population to change the color of their pupil is also pushing them to opt for contact lenses precisely the colored ones.
Request Free Sample Report: https://www.marknteladvisors.com/query/request-sample/contact-lens-market.html
Scanning the Segmentation of the Global Contact Lens Market
· By Material (Soft Contact Lenses (Silicone Hydrogel and Hydrogel), Hard Contact Lenses (Rigid Gas-Permeable Lenses (RGP) and Polymethyl Methacrylate (PMMA)), and Hybrid Contact Lenses)
· By Design (Spherical Lens, Toric Lens, Multifocal Lens, and Others (Monovision, Color lenses, etc.))
· By Modality (Reusable and Disposable)
· By Application (Corrective Lens and Cosmetic Lens)
· By Sales Channel (Offline (Optical Stores, Hospital & Clinics, and Other (Pharmacies, Beauty Centres, etc.)) and Online (Company-owned Portals and E-commerce Platforms))
· By Region (North America, South America, Europe, the Middle East & Africa, and Asia-Pacific)
Reusable contact lenses are projected to hold a substantial share of the Global Contact Lens Market and lead in the market during 2027. The convenience and affordability of using a single set of lenses for various applications and different occasions make reusable contact lenses highly preferable among consumers. Moreover, reusable lenses are on the safer side, being constituted of organic, safe, and more comfortable materials which leads them to be in high demand. Besides, these reusable lenses come with disinfecting properties thus helping people wear them for longer durations effortlessly, further boosting the segment’s growth and propelling the overall market expansion.
Request Customization – https://www.marknteladvisors.com/query/request-customization/contact-lens-market.html
North America is likely to rule the Contact Lens Market globally with the biggest market share during 2022-27. The regional growth is attributed to the dynamic participation of leading manufacturers in the industry by launching novel alternatives in their product portfolio with unconventional characteristics to help enrich the visualization. Moreover, the prompt development of the fashion sector in the region is exhibiting an augmented consumer liking for cosmetic lenses. Along with these aspects, the escalating usage of electronic devices in North America such as laptops, mobile phones, computers, etc., is also proliferating the Global Contact Lens Market owing to continuous screen usage and viewing.
Unveiling the Top Competitors of the Global Contact Lens Market
Alcon Vision LLC, Abbott Medical Optics, Inc., Bausch & Lomb Incorporated, CooperVision, Inc., Carl Zeiss Meditec AG, Essilor International S.A., Hoya Corporation, Johnson & Johnson Vision Care, Inc., Medennium, SynergEyes, Inc., Seed Co., Ltd., STAAR Surgical Company, X-Cel Specialty Contacts, and Others are the chief contenders in the Global Contact Lens Market. These companies contribute substantially to market growth since they retain a generous market share and have an upper hand in the industry.
Related Reports:
https://www.marknteladvisors.com/research-library/vietnam-water-pumps-market.html
https://www.marknteladvisors.com/research-library/collagen-market.html