Statistics of Contact Lenses Market covering market size, industry share numbers, regional outlook, competitive landscape with data about leading companies is now available in the latest report by Global Market Insights, Inc.
Contact Lenses Market Analysis Research and Trends Report for 2017- 2024: Global Market Insights, Inc. The evolution of Contact Lenses Market can be primarily attributed to the rising incidences of myopia, presbyopia, hyperopia, and nearsightedness across the globe. It would also be noteworthy to mention that the advent of new technologies such as augmented reality and virtual reality have indeed revolutionized this business space. It has been observed that the younger populace, spending quite some time within the confines of their homes, glued to smartphone and laptop screens, are more prone to loss of distant vision than the yesteryear generation, thereby necessitating the requirement of contact lenses over eyeglasses or vision surgery. In consequence, this demand has had quite a proportional impact on contact lenses industry size, which was pegged at USD 9.5 billion in 2016. Reliable sources have quoted that over 40 million of the U.S. population wear contact lenses with most of them being soft lenses made from hydrogels. According to authentic estimates, nearly half of the Asian youth populace has been suffering from nearsightedness. It has been witnessed that the majority of the global population affected due to vision problems reside in the developing regions. As per the current global rankings, India and China have the highest population with poor vision problems. Researchers have estimated that negligence towards eye-care has resulted in the global costs amounting to nearly USD 3 trillion dollars annually. This has undeniably created global awareness toward the use of eyewear such as contact lenses, thereby accelerating contact lenses market trends. © 2018 Global Market Insights Inc. All Rights Reserved www.gminsights.com