Global Contact Lens Market: Overview Rise in the incidence of visual impairments among people from across the globe is estimated to boost the sales growth in the global contact lens market, which is prognosticated to expand at a CAGR of 7.4% during the forecast period of 2018-2026. An assessment by Transparency Market Research (TMR) on the global contact lens market delivers comprehensive data and analysis on major facets such as growth drivers, restraints, challenges, trends, and R&D projects in the market. Furthermore, the report by TMR performs segmentation of the global contact lens market based on many crucial parameters such as technology, product, design, and region. In terms of technology, the contact lens market is bifurcated into cast molding, lathe cutting, and spin casting. Based on product, the market is classified into soft lenses and gas permeable lenses. On the basis of design, there are four segments of the market, namely, toric, multifocal, spherical, and others. Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=104 Surging Number of Eye-related Disorders Boosts Demand for Contact Lenses Rise in the use of contact lenses for the treatment of varied eye-related disorders such as hypermetropia/hyperopia, astigmatism, and presbyopia is creating business opportunities in the global market. Moreover, the market is anticipated to be driven by the increasing prevalence of vision impairments among older population across the globe. Contact lens manufacturers are developing products that are coated with anti-refractive and scratch resistance materials. Furthermore, these products are gaining traction owing to their ability to provide ultraviolet protection, thereby high-quality therapeutic experience and comfort to users. On the back of these factors, there is notable growth in the adoption of contact lenses, which in turn, is helping in the market expansion. Rise in the trend of participating in outdoor activities is generating sales prospects in the global contact lens market. In addition to standard use as refractive lenses, these products are being increasingly adopted in order to achieve cosmetic and esthetic features. Hence, surge in the trend of using contact lenses for cosmetic purpose is estimated to boost the sales growth in the market in the forecast period. Get COVID-19 Analysis on Contact Lens Market https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=104 North America Market to Lead due to Increase in Product Launches by Regional Players North America, Latin America, Asia Pacific, Middle East and Africa, and Europe are some of the key regions of the global contact lens market. Of them, the market is prognosticated to gain lucrative prospects in North America owing to factors such as presence of many leading companies in the region and rising number of new product launches. Furthermore, rise in the adoption of contact lenses by regional population, presence of sizable older population with visual issues, and surge in prevalence of eye injuries and vision-related diseases are resulting into increased demand for contact lens in North America. Companies Develop Next-gen Products by Investing in R&D Projects
The nature of the global contact lens market seems to be fragmented with presence of many wellentrenched companies. In order to maintain leading position in highly intense competition level, players are using organic and inorganic strategies. Many contact lens manufacturers are focused on the development of highly advanced products. Hence, they are increasing investments in the R&D projects. Moreover, several enterprises are entering into collaboration and partnership agreements so as to develop smart contact lenses. Such developments are likely to fuel the expansion avenues in the contact lens market in the forecast period. Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php? flag=EB&rep_id=104 Some of the prominent companies operating in the contact lens market include Johnson & Johnson Vision Care Inc., Abbott Medical Optics Inc., Essilor International S.A., Hoya Corporation, Alcon Vision LLC, STAAR Surgical Company, Cooper Vision Inc., ZEISS International, Bausch & Lomb Incorporated, Contamac, X-Cel Specialty Contacts, Medennium, and SynergEyes Inc., and Seed Co. Ltd. Companies in the contact lens industry are developing different strategies to generate consistent revenue streams in critical situations of the COVID-19 outbreak. Furthermore, they are ensuring implementation of all safety norms suggested by regional government bodies when performing their regular activities.
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