Global Contact Lenses Market was valued at US$ 9.2 Bn in 2019 and it is anticipated to reach at market value of US$ XX M

1. Global Contact Lenses Market was valued at US$ 9.2 Bn in 2019 and it is anticipated to reach at market value of US$ XX Mn by 2027 Bizizz Market Research has recently published a research report, “Contact Lenses Market by Product Type (Soft Lenses (Daily Wear and Extended Wear) and Gas Permeable), Design Type (Spherical, Toric, Multifocal, and Others), Wear Type (Disposable and Reusable), Sales Channel (Online (E-commerce and Company Website) and Offline (Exclusive Store and Multi-brand Store), and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2027”. As per the report, Global Contact Lenses Market was valued at US$ 9.2 Bn in 2019 and it is anticipated to reach at market value of US$ XX Mn by 2027, witnessing a CAGR of 8.7 % during the forecast period. Key drivers of the market are factors including rapid urbanization, aging population and increasing prevalence of diabetes. Growing wide variety of visual inaccuracies, rising incidence of ophthalmic disorders, and rising reputation as fashion accent are primary elements boosting international sales of contact lenses and are predicted to drive growth of the international contact lenses market over the forecast period. In addition, rising growing older population, usage of computers, mobiles, and other devices, rising visual defects among kids and young human beings are boosting demand for contact lenses. Youngsters are preferring contact lenses for aesthetics, convenience, and comfort, and handy availability of contact lenses, with variety of shades and have additionally caused their use as a trend accent amongst the young and middle-aged population. The Contact Lenses market is anticipated to register a CAGR of over 8.7% during the forecast period. To have a Glimpse of the Report or to avail the Free Sample Click the Link Below: https://bizizzmarketresearch.com/sample/global-contact-lenses-market By Design Type,Multifocal Lenses Segment held a prominent share in Global Contact Lenses Market in 2018. The multifocal lenses segment is predicted to witness moderate demand over the forecast period, due to the capability of lenses to contain a couple of prescriptions. They are particularly used for treating age-related ophthalmic problems such as presbyopia. It provides a range of benefits such as multiplied visual acuity for users that need to include more than one prescriptions in a single lens. The spherical lens section is predicted to be one of the main industry segments in the forthcoming years By Wear Type, Reusable Segment of Global Contact Lenses Market Is Anticipated To Witness the Fastest CAGR during the Forecast Period This growth can be related with the proliferating demand for reusable lenses, specifically in developing nations. In contrast, the disposable phase will register the quickest increase during the forecast duration and is anticipated to take the lead through the cease of the forecast period. Owing to the increased investment in R&D of revolutionary products and new launches in the market. R&D of superior disposable contact lenses is anticipated to increase the rate of adoption of these lenses in the future. North America is anticipated to dominate the Global Contact Lenses Market during the Forecast Period

2. North America accounted for the greatest share of the market. The rising occurrence of age- related eye diseases, growing healthcare expenditure, rising disposable income, and technological advancements in contact lens and associated merchandise are some of the key factors using the boom of the market in North America. To decorate the appearance of eyes, the shoppers in Japan are drastically adopting cosmetic lenses. This has resulted in large growth of the market in Asia Pacific. Increasing in purchasing electricity of buyers in Asia Pacific is predicted to in addition gas the regional demand. The Chinese market is predicted to witness giant boom in the cosmetic lens segment due to expanded adoption of contact lenses. The South America market is also anticipated to witness full-size growth in near future. Global Contact Lenses market was highly consolidated with key players accounting for significant share in 2018. Prominent players operating in the Global Contact Lenses Market are: Bausch Health Companies Inc (Bausch + Lomb, Inc.), Blanchard Contact Lenses, Carl Zeiss Beteiligungs-GmbH, Conforma Laboratories, ESSILORLUXOTTICA (Essilor International S.A), Hoya Corporation, Johnson & Johnson (Johnson and Johnson Vision Care), Menicon, Novartis AG, SynergEyes, Inc., and UltraVision CLPL, among others. Inc., Contamac, CooperVision, Impact of COVID-19 on Economy, Industry and Company The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries. At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions. Areas at which Bizizz Market Research would help decision makers are: a) Insights on current demand & supply gap analysis b) Impact on value chain and supply chain and strategies adopted to off set its impact c) Impact on Industry / company revenue and predictive intelligence on forecast sales d) In-depth analysis on market segmentation – both value and volume analysis e) Market assessment, regional and country attractiveness, competitive benchmarking and entry strategy f) Prioritizing strategies and how it would impact company’s short to long-term business outlook

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