Global Contact Lens Market: Insights & Forecast with Potential Impact of COVID-19 (2021-2025)

The major regional markets (Americas, Asia-Pacific and Europe) have been analysed, along with country coverage of US and Japan.
By: Koncept Analytics
 
DELHI, India - July 17, 2021 - PRLog -- The global contact lens market is forecasted to reach US$11.02 billion in 2025, growing at a CAGR of 7% for the period spanning 2021-2025. The factors such as increasing spending on eyewear products by population, rising prevalence of myopia, rapid urbanization and improving consumer confidence index are expected to drive the market. However, growth of the industry would be challenged by growth in LASIK surgeries and lack of proper health-care facilities. Few notable trends include growing smart contact lens demand, technological advancement, increased consolidation of market players, increasing shift towards daily disposable lenses and rising e-commerce sales. In 2020, the outbreak of COVID-19 pandemic has created an unfavorable impact on the market as the contact lens demand has decreased rapidly.

The contact lens industry can be classified on the basis of function (corrective, cosmetic & therapeutic), material (rigid, hybrid & soft) and modality/usage frequency (1-day wear lens/daily disposable lens & frequently replaced lens/FRP)

The fastest growing regional market is Americas owing to rise in awareness about advanced contact lenses, growth in online sales channels and rapid surge in disposable income.

Scope of the report:
  • The report provides a comprehensive analysis of the global contact lens market, segmented by usage (1-Day & FRP) and material (Soft, Rigid & Hybrid).
  • The major regional markets (Americas, Asia-Pacific and Europe) have been analysed, along with country coverage of US and Japan.
  • The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Johnson & Johnson, Alcon AG, The Cooper Companies, Inc., Bausch Health Companies Inc., Hoya Corporation and ST. Shine Optical Co., Ltd.) are also presented in detail.

For more Information:

https://www.konceptanalytics.com/report/pharma-healthcare/global-contact-lens-market-insights-forecast-with-potential-impact-of-covid-19-2021-2025

Koncept Analytics

Vikas Gupta

(Business Development Manager)

FFCS-36, Ansal Plaza

Vaishali, Ghaziabad

U.P - 201010

Tele: +91-120-4130959

Mobile: +91-9871694789

Mail ID – vikas@konceptanalytics.com

Contact
Vikas Gupta
vikas@konceptanalytics.com
+91-9871694789
End
Email:***@konceptanalytics.com
Posted By:***@konceptanalytics.com Email Verified
Tags:Contact Lens Market
Industry:Reports
Location:Delhi - Delhi - India
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Koncept Analytics Pvt Ltd PRs
Trending News
Most Viewed
Top Daily News

Most Viewed
Top Daily News
PTC News

Jul 17, 2021 News



Like PRLog?
9K2K1K
Click to Share