Contact Lenses Market Update, Analysis, Forecast, 2017 – 2024

To browse this report titled,“Contact Lenses Market Size By Type (RGP, Soft Contact,
Hybrid Contact), By Material (Hydrogel, Polymers), By Distribution Channel (Optical
Stores, Independent Brand Showrooms, Online Stores, Retail Stores), By Design
(Spherical, Toric, Bifocal And Multifocal), By Product (Corrective, Therapeutic,
Cosmetic [Coloured, Circle], Prosthetic), By Usage (Daily Disposable, Weekly
Disposable, Monthly Disposable, Annual) Industry Analysis Report, Regional Outlook
(U.S, Canada, Germany, UK, France, Spain, Italy, Switzerland, Nordic Countries,
Belgium, Luxembourg, Ireland, Poland, Russia, China, India, Japan, South Korea,
Thailand, Indonesia, Malaysia, Vietnam, Taiwan, Singapore, Brazil, Mexico, Argentina,
Saudi Arabia, South Africa, UAE, Egypt, Tunisia), Growth Potential, Price Trends,
Competitive Market Share & Forecast, 2017 – 2024” please click on the link below:
https://www.gminsights.com/industry-analysis/contact-lenses-market
New product developments taking place taking across the eyewear sector are also predicted
to provide rapid momentum to the expansion of contact lenses industry. Researchers at
Oregon State University have recently introduced contact lenses for diabetes patients with
implanted indium gallium Zinc Oxide biosensors to determine their glucose levels.
Alongside, Google Inc. is also expected to penetrate contact lenses market with the
development of smart contact lenses comprising wireless chips as well as the tiny glucose
sensor devices. Researchers have claimed that these lenses have the ability to transfer
monitored information to external instrument. Reputed firms such as Bausch + Lomb are
not that far behind either, when it comes to making appreciable contributions to the
contact lenses industry. The firm has in fact, launched the all-new Biotrue ONEday across
twenty countries in Europe. The new product’s unique dehydration barrier feature helps in
restoring 98% of moisture till 16 hours, and it is exclusively designed to meet the needs of
astigmatic patients.
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Speaking in terms of geographical trends, a research study has demonstrated that a drastic
shift in the lifestyles of the APAC population and rising eye health awareness among the
populace will generate lucrative growth prospects for contact lenses market in the region. It
is anticipated that the Asia Pacific contact lenses industry will grow at a rate of more than
4% over 2017-2024, having accounted for a revenue of over USD 2 billion in 2016. In North
America, on the other hand, the rise in the aging population and introduction of new
technologies across the eye care sector are expected to help augment the regional contact
lenses market. As per estimates, North America contact lenses industry is expected to
record a CAGR of 3.2% over 2017-2024.
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