The global contact lenses market is projected to reach approximately USD 11.72 billion by 2030, at a CAGR of 3.50% from 2022 to 2030. Increased knowledge of the advantages of disposable contact lenses, such as avoiding side effects from cleaning solutions including eye discoloration, is the key driver driving the global contact lenses market over the projected period. Additionally, the top competitors in the smart contact lens market are engaged in creating novel products and awareness programs that are expected to support the rise of daily disposables. For example, in January 2021, the US-based eye care company Alcon Vision LLC introduced PRECISION1 for astigmatism, a daily disposable silicone hydrogel (SiHy) lens for astigmatic patients.
Presbyopia and myopia are increasingly prevalent in both children and adults. This, as well as low public knowledge and skepticism about improving eyesight, particularly in developing nations, is to blame for the rising number of individuals who have vision impairment. Additionally, as they offer persons with myopia outstanding vision and superb, all-day comfort, ultra-vision contact lenses are in higher demand. preference for colorful and soft contact lenses due to comfort and treatment of various eye issues. Refractive error prevalence and technologically upgraded product launches will boost market development.
Get FREE Sample Report @ https://www.marketresearchfuture.com/sample_request/6210
Regional Analysis
The North American, European, Asia-Pacific, and Rest of the World regions make up the majority of the worldwide market for contact lenses. The largest share of the market was in North America. The region with the greatest CAGR throughout the predicted period will be Europe.
The market share for contact lenses was led by North America. In this area, myopia is affecting the escalating patient population. To stay competitive, major businesses in this area are launching new goods.
The second-largest market share in the world for contact lenses was held by Europe, which had a sizable patient base with eye conditions such as presbyopia and myopia. In addition, the area is adopting more sophisticated items, and innovative lenses are receiving regulatory approval.
Market Segmentation:
The worldwide market for contact lenses has been segmented into daily wear, extended wear, and traditional wear based on usage. The category of everyday wear contacts had a sizable proportion.
The worldwide market for contact lenses is segmented based on design into spherical, toric, multifocal, monovision, and cosmetic categories. Due to the growing use of contact and intraocular lenses by patients and optometrists to treat myopia, spherical contact lenses have the biggest market share in the global market.
The silicone hydrogel, hydrogel, glass permeable, hybrid, and polymethyl methacrylate segments of the global contact lenses market are separated based on the material (PMMA). The market for contact lenses was dominated by silicone hydrogel lenses.
The opaque contact lens enhanced contact lens, and tinted contact lens categories make up the global market for contact lenses by type.
Key Players:
Johnson & Johnson Services Inc., Novartis AG, CooperVision, Inc. (The Cooper Companies Inc.), Bausch Health, Neovision Co., Ltd., Seed Co., Ltd., Hoya Corporation, Menicon Co., Ltd., Oculus Private Limited, Camax Optical Corp., and St. Shine Optical Co., Ltd. are some of the companies that are a part of this partnership.
Browse Full Report Details @ https://www.marketresearchfuture.com/reports/contact-lenses-market-6210
Get More Report:
AI in Drug Discovery Market Research Report – Global Forecast till 2030
Pregnancy Pillow Market Research Report – Global Forecast till 2030
Healthcare CRM Market Research Report – Global Forecast till 2030
About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.