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Contact Lenses Market Size Worth $19.26 Billion By 2027 Due To Growing Number of Visual Deficiencies Like Hyperopia, Astigmatism And Presbyopia | Million Insights

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Contact Lenses Market Size Worth $19.26 Billion By 2027 Due To Growing Number of Visual Deficiencies Like Hyperopia, Astigmatism And Presbyopia | Million Insights

June 22
12:36 2021
Contact Lenses Market Size Worth $19.26 Billion By 2027 Due To Growing Number of Visual Deficiencies Like Hyperopia, Astigmatism And Presbyopia | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global contact lens industry report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

The global Contact Lenses Market is projected to account for USD 19.26 billion by 2027, as per a new report by Million Insights. It is estimated that the market would register 5.0% CAGR over the forecast duration. The growing number of eye-related disorders is driving the demand for contact lenses.

Technological advancements have paved the way for the use of innovative materials for the manufacturing of contact lenses. Growing awareness among consumers regarding advantages of vision correction and physical appearance is also supplementing the growth of the contact lens market. Eye related disorders are the most common among the old-age population. Therefore, the demand for contact lenses has increased among such a population. Increasing spending on personal wellbeing and physical appearance is also fueling product demand.

To download the sample pdf of Contact Lenses Market Report “Please” click here: https://www.millioninsights.com/industry-reports/contact-lenses-market/request-sample

North America contact lenses

Independent eye-care professionals have been the major source of distribution of contact lenses. However, with the increasing popularity of e-commerce channels, a large number of consumers are preferring online purchasing option. Manufacturers are also partnering with e-commerce companies to strengthen their distribution network.

On the basis of material, the hybrid contact lens is estimated to register the maximum growth over the forecast duration. While by application, the demand for corrective lenses is estimated to surge due to the increasing preferences for contact lenses to correct refractive errors. Contact lenses are also used to correct astigmatism, myopia, hyperopia and presbyopia.

To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/contact-lenses-market

Global contact lenses market

Further key findings from the report suggest:

• Soft lenses are projected to witness the maximum growth over the forecast duration owing to increasing oxygen permeability and flexibility.

• Depending on the design, the multifocal design segment is anticipated to register over 7.0% CAGR from 2020 to 2027.

• South America is likely to register considerable growth due to the increasing penetration of contact lenses in the media and entertainment industry.

• Key market players are CooperVision, Inc., Medennium, STAAR Surgical Company, X-Cel Specialty Contacts, CooperVision Inc. and ZEISS International among others. 

Million Insights has segmented the global contact lenses market based on material, design, application, distribution channel, usage, and region:

Contact Lenses Material Outlook (Revenue, USD Million, 2016 – 2027)
    • Gas Permeable
    • Silicone Hydrogel
    • Hybrid

Contact Lenses Design Outlook (Revenue, USD Million, 2016 – 2027)
    • Spherical
    • Toric
    • Multifocal
    • Others

Contact Lenses Application Outlook (Revenue, USD Million, 2016 – 2027)
    • Corrective
    • Therapeutic
    • Cosmetic
    • Prosthetic
    • Lifestyle-oriented

Contact Lenses Distribution Channel Outlook (Revenue, USD Million, 2016 – 2027)
    • E-commerce
    • Eye Care Practitioners
    • Retail

Contact Lenses Usage Outlook (Revenue, USD Million, 2016 – 2027)
    • Daily Disposable
    • Disposable
    • Frequently Replacement
    • Traditional

Contact Lenses Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
    • Asia Pacific
        • China
        • Japan
        • India
        • Singapore
        • Australia
        • South Korea
    • South America
        • Brazil
        • Argentina
    • Middle East and Africa
        • UAE
        • Saudi Arabia

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
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City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/contact-lenses-market


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