Global Contact Lenses Market 2023-2027
The contact lenses market is forecasted to grow by USD 4991.63 mn during 2022-2027, accelerating at a CAGR of 5.58% during the forecast period. The report on the contact lenses market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing prevalence of myopia, rising adoption of daily disposable contact lenses, and increasing focus on enhancing aesthetics.
Technavio's contact lenses market is segmented as below:
By Product
- Soft lenses
- Rigid gas permeable lenses
- Hybrid lenses
By Distribution Channel
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increasing adoption of advanced technologies in contact lenses as one of the prime reasons driving the contact lenses market growth during the next few years. Also, launch of new products and prevalence of acquisitions and partnerships will lead to sizable demand in the market.
The report on the contact lenses market covers the following areas:
- Contact lenses market sizing
- Contact lenses market forecast
- Contact lenses market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading contact lenses market vendors that include Alcon Inc., Appenzeller Kontaktlinsen AG, Art Optical Contact Lens Inc., Bausch Health Co. Inc., BenQ Materials Corp., Benra Pty Ltd., Carl Zeiss Stiftung, Clearlab SG Pte Ltd., Contamac Ltd., Danaher Corp., EssilorLuxottica SA, HOYA Corp., Johnson and Johnson Services Inc., MARK ENNOVY PERSONALIZED CARE S.L., Menicon Co. Ltd., Metro Optics of Austin Inc., SEED Co. Ltd., STAAR Surgical Co., The Cooper Companies Inc., and UltraVision CLPL. Also, the contact lenses market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.