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Contact Lenses Market by Model (Daily Wear, Extended Wear), Design (Monovision, Spherical, Multifocal, Toric), Material (PMMA, Hybrid, Silicone Hydrogel), Application (Orthokeratology, Decorative Lenses), Distribution Channel - Global Forecast to 2023
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MarketsandMarkets Presents Contact Lenses Market worth $9.2 billion by 2023 https://www.marketsandmarkets.com/Market-Reports/contact-lenses-market-204541962.html
The report "Contact Lenses Market by Model (Daily Wear, Extended Wear), Design (Monovision, Spherical, Multifocal, Toric), Material (PMMA, Hybrid, Silicone Hydrogel), Application (Orthokeratology, Decorative Lenses), Distribution Channel - Global Forecast to 2023", The contact lenses market is expected to reach USD 9.2 billion by 2023froman estimated USD 7.2billion in 2018, ata CAGRof 4.9%. The high prevalence of myopia worldwide,rapidly growinggeriatricpopulation, growing demandfor daily wear contact lenses, and rising preference for contact lenses over prescription eyeglasses are the significantgrowth drivers of the contactlenses market. Browse: 160 market data tables 38 figures 180 pagesAnd in-depth TOC on “Contact Lenses Market ” Ask for Discount@ https://www.marketsandmarkets.com/discountreports.asp?id=204541962
“The daily wear contact lenses segment is expected to dominate the contact lenses market during the forecast period.” On the basis of model, the contact lenses market is segmented in daily wear, extended wear, and traditional contact lenses. The daily wear contact lenses segment is excepted to account for the largest share of the contact lenses market in 2018. The large share of this segment can be attributed to the advantages offered by daily wear contact lenses, such as easy wear ability, no requirement of lens cleaning (in the case of disposable daily wear contact lenses), and no requirement of overnight wear. Read More@ https://www.marketsandmarkets.com/PressReleases/contact-lenses.asp.asp
“Silicone hydrogel contact lenses to hold the largest market share between 2018 and 2023.” Based on the type of materials used to manufacture contact lenses, the market has been classified into polymethyl methacrylate (PMMA) contact lenses, silicone hydrogel contact lenses, hydrogel contact lenses, hybrid contact lenses, and gas-permeable (GP) contact lenses. In 2017, the silicone hydrogel contact lenses segment accounted for the largest market share owing to their high demand among end users. This is because silicone hydrogel contact lenses are comfortable to wear, offer greater wettability, allow the transmission of a high amount of oxygen to the cornea, are useful for daily wear or extended wear, and have a lower risk of infections. Read More: https://www.marketsandmarkets.com/Market-Reports/contact-lenses- market-204541962.html
“The conventional contact lenses segment to account for the largest market share in 2018.” Based on application, the contact lenses market is segmented into conventional, orthokeratology (Ortho-k), and decorative (plano) contact lenses. The conventional lenses segment accounted for the largest share of the contact lenses market, by application, in 2017. The increasing prevalence of myopia, rising geriatric population (geriatric individuals are more prone to presbyopia), and the growing preference towards the use of contact lenses over prescribed eyeglasses are the major factors driving the growth of the conventional contact lenses market. “North America to dominate the market in 2018.” The global contact lenses market has been segmented into five regional segments, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, North America accounted for the largest share of the contact lenses market. The rising prevalence of age-related eye diseases, increasing healthcare expenditure, rising disposable income, and technological advancements in contact lenses and related products are some of the key factors driving the growth of the contact lenses market in North America. https://www.marketsandmarkets.com/Market-Reports/contact-lenses-market-204541962.html
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