The Contact Lenses Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2021-2026). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.
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Contact Lenses are thin, plastic circular disks directly attached to the eyeballs. The contact lenses help consumers in improving their damaged eye sights as well as in changing the eye shades. The contact lenses are termed as medical devices. These lenses nullifies the vision issues by correcting refractive lenses. It also helps in minimizing color blindness. There are several disadvantages of contact lenses such as improper use of a contact lens might affect the eyelid, the conjunctiva, and, most of all, the whole structure of the cornea. Poor lens care may lead to infections by various microorganisms including bacteria, fungi, and others.
On November 12, 2018, â€œThe Singapore National Eye Centre (SNEC), the Singapore Eye Research Institute (SERI) and Johnson & Johnson Vision has announced a USD 26.35 million research collaboration to tackle myopia, or nearsighted vision, the largest threat to eye health this century. By 2050, half of the worldâ€™s population are projected to be myopic, with one billion expected to have high myopia, a severe state of the condition that can lead to retinal disease with an increased risk of blindness.â€
Major Players are:
Johnson & Johnson Vision Care (United States),Novartis (Switzerland),CooperVision (United States),Bausch + Lomb (United States),St.Shine Optical (Taiwan),Menicon (Japan),Hydron International Co., Ltd. (China),Weicon (Germany),Bescon (Korea),NEO Vision (Korea),
NOTE: Our analysts monitoring the situation across the globe explain that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
The titled segments and sub-section of the market are illuminated below:
Type (Rigid Contact Lenses, Soft Contact Lenses, Hybrid Contact Lenses), Application (Corrective Lenses, Therapeutic Lenses, Cosmetic Lenses and Lifestyle-Oriented Lenses), Uses (Daily, Weekly, Monthly, Yearly), Distribution Channel (Optical Stores, Multi-Brand Stores, Independent Brand Stores, Online Retailer, Others)
Increasing Safety Measures and Usage in all the Age Group
Growing Trends in the Fashion Industry
Growing Number of Ophthalmic Patients
Increasing Adoption of Contact Lenses across the Globe
Comparatively Comfortable than Wearing Glasses
Requires Skilled Workforce
Expensive Raw Material Prices
Technological Advancements in Contact Lens Manufacturing
Increasing Awareness about the Contact Lenses in Emerging Economies
Years considered for this report:
- Historical Years: 2015-2020
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2021-2026
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Extract from Table of Content:
Chapter 01 – Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Covid-19 Crisis Analysis on Global Contact Lenses Market
Chapter 05 – Global Contact Lenses Market – Pricing Analysis
Chapter 06 – Global Contact Lenses Market Background
Chapter 07 — Global Contact Lenses Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global Contact Lenses Market
Chapter 09 – Global Contact Lenses Market Structure Analysis
Chapter 10 – Global Contact Lenses Market Competitive Analysis
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology
What are the market factors that are explained in the Contact Lenses Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Questions Answered in the Report:
- How much is the Contact Lenses MarketWorth?
- What is the Growth Rate of the Contact Lenses Market?
- Which Segment ofthe Contact Lenses to Hold the Highest Market Share?
- Which Segment ofthe Contact Lenses Market to Witness Fastest Growth Rate?
- Which Region to Hold the Biggest Market Share?
- Who are the Key Players of the Contact Lenses Market?
Try a limited scope research document specific to Country or Regional matching your objective.
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