Contact Lenses Market Forecast, Trends To 2020: Grand View Research, Inc.
Contact lenses can be used for cosmetic purposes for enhancing aesthetic appearance combined with ensuring correction of ophthalmic disorders including astigmatism, hypermetropia and myopia. Increasing demand for plano sunglasses has led to an upsurge in contact lenses demand and reduced dependency on spectacles. For More Information Visit - http://www.grandviewresearch.com/industry-analysis/contact-lenses-market
Contact lenses can be used for cosmetic purposes for enhancing aesthetic appearance combined with ensuring correction of ophthalmic disorders including astigmatism, hypermetropia and myopia. Increasing demand for plano sunglasses has led to an upsurge in contact lenses demand and reduced dependency on spectacles.
For More Information Visit - http://www.grandviewresearch.com/industry-analysis/contact-lenses-market
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Varied advancements in the electronic contact lens space to develop soft lenseswhich display information to the wearer user processes including laser cutting andinjection molding are projected to accentuate the contact lenses market demand.However, growing acceptance of corrective refractive surgeries including PRK andLASIK is expected to act as a restraint for the industry growth.The market can be classified on the basis of products into rigid gas permeable(RGP) or gas permeable (GP), hybrid and soft lenses. The soft lens market demandis estimated to reach 1.03 billion units by <strong>2020</strong>. It requires less time for deposits tobuild up and eliminates the requirement of lens care solutions. Growingurbanization along with rise in the number of presbyopes is estimated to positivelyelevate the industry demand. The industry can be segmented by design into, toric,spherical, multifocal, ortho-k and custom made products. Multifocal segment isestimated to grow at a fastest CAGR of 8.8% from 2014 to <strong>2020</strong>. The sphericaldesign segment contributed the largest industry share of over 70% in 2013 and isexpected to decline over the forecast period.
It is used to treat patients with slight amount of astigmatism and possess propertiessuch as uniform edge thickness and spherical surface.The contact lenses market can be categorized on account of usage into prosthetic,lifestyle-oriented, therapeutic, corrective and cosmetic contact lens. Growingpopularity of circle lenses, designed to make the eyes appear larger is anticipatedto drive the cosmetic lens demand.Asia Pacific is projected to dominate the industry over the forecast period owing tothe rising awareness of vision correction equipment. Escalation of the onlineretailing services and increasing purchasing volumes is anticipated to positivelyimpact the industry growth in this region. North America was the largest market in2013, which is expected to grow at a CAGR of 3.3% from 2014 to <strong>2020</strong>.
Key participants in the industry include CooperVision, Ciba Visio, Johnson &Johnson, Essilar International, Bausch & Lomb amongst others. Johnson &Johnson was the market leader in 2013 owing to its widespread penetration indeveloped and developing nations. Notable industry players are deployingbranding operations, extended agreements and robust marketing as the keystrategies to excel in the industry.Browse All Reports of this category @http://www.grandviewresearch.com/industry/specialty-glass-ceramic-andfiberAbout <strong>Grand</strong> <strong>View</strong> <strong>Research</strong><strong>Grand</strong> <strong>View</strong> <strong>Research</strong>, <strong>Inc</strong>. is a U.S. based market research and consultingcompany, registered in the State of California and headquartered in San Francisco.The company provides syndicated research reports, customized research reports,and consulting services. <strong>To</strong> help clients make informed business decisions, thecompany offers market intelligence studies ensuring relevant and fact-basedresearch across a range of industries including technology, chemicals, materials,healthcare and energy.<strong>Contact</strong>:Sherry JamesCorporate Sales Specialist, U.S.A.<strong>Grand</strong> <strong>View</strong> <strong>Research</strong>, <strong>Inc</strong>.United StatesPhone: 1-415-349-0058<strong>To</strong>ll Free: 1-888-202-9519Email: sales@grandviewresearch.comWebsite: <strong>Grand</strong> <strong>View</strong> <strong>Research</strong>Blog Site: http://www.divog.org/
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