According to a new report published by Transparency Market Research, Global Contact Lenses Market Expected to Reach US$ 10.75 Bn by 2027 due to increasing aging population and increasing prevalence of myopia.
Global Contact Lenses Market: Overview
The contact lenses market report provides analysis for the period 2016–2027, wherein the period from 2019 to 2027 is the forecast period and 2017 is the base year. The report covers all the major trends and key drivers playing a major role in the growth of the contact lenses market over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market during the said period. The study provides a holistic perspective of the contact lenses market throughout the above mentioned forecast period in terms of revenue (in US$ Mn), and volume (in Thousand Units), across different geographies, including Asia Pacific, South America, North America, Europe, and Middle East & Africa (MEA).
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Global Contact Lenses Market: Trends and Opportunities
The key factor that is exerting significant impact and driving the global contact lenses market is increasing aging population and increasing prevalence of myopia.
Soft contact lenses are trending as they are flexible with high water content making them comfortable to use. Daily wear contact lenses can be used up to 18 hours continuously. Spherical design contact lenses have major share as they are affordable when compared to toric and multifocal lenses. Disposable contact lenses have high demand as they need not be cleaned after removal as they are mostly disposed after use.
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The global contact lenses market is segmented as below:
- By Product Type – Soft Lenses , Gas Permeable
- By Design Type – Spherical, Toric , Multifocal , Others
- By Wear Type – Disposable , Reusable
- By Distribution Channel – Online, Offline
- By Geography – North America , Europe , Asia Pacific , Middle East & Africa , South America
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