Contact Lens Market Size, Share, Trends, Application Analysis, Growth And Forecast 2020-2027
Contact Lens Market |
Contact lenses, or simply contacts, are tiny lenses that are applied directly to the eye's surface. Contact lenses are ocular prosthetic devices worn by approximately 150 million individuals throughout the world for vision correction, aesthetic, and therapeutic purposes.
Long-term Contact Lens use may result in adverse effects, which is projected to stymie the global Contact Lens Market growth. Microbial infections produced by protein or lipid materials deposition on the lens surface are among the most prevalent side effects that contact lens wearers experience. These side effects could lead to major eyesight problems that cause a lot of pain and discomfort. Furthermore, factors such as inadequate sanitation, inconsistent cleaning habits, and long-term use raise the chance of infection.
Due to the overall growing need for reusable eyewear solutions among the general public, this industry is likely to increase positively. Demand for the product is projected to rise as more money is spent on advanced healthcare solutions. Manufacturers may be able to increase their annual income by implementing decreased capacity, part-time shifts, and technologically improved production procedures. Furthermore, the use of online retail is predicted to significantly increase product demand. These elements are likely to drive market expansion.
Market Segmentation
By Characteristic
- Gas-Premeable Contact Lens
- Soft Contact Lens.
By Design
- Spherical Contact Lens
- Toric Contact Lens
- Multifocal Contact Lens
- Orthokeratology Contact Lens.
Over the forecast period, the worldwide contact lens market is expected to rise due to the rising frequency of cataracts. According to forecasts from the National Eye Institute, the number of persons in the United States with cataracts will reach 50 million by 2050.
The major players operating in the global contact lens market include, Novartis International AG, Menicon Group, The Cooper Companies, Inc., Carl Zeiss AG, Baush and Lomb, Visioneering Technologies, Inc., Mojo Vision, Johnson & Johnson Vision, Air Optix, Essilor, SynergEyes, Inc., Conforma, Menicon, UltraVision, and Wesley Jessen.
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