The growth of the contact lens market is driven by key factors such as the increasing prevalence of eye and vision related problems and conditions.
— Emerging research
VANCOUVER, BC, CANADA, June 8, 2022 /EINPresswire.com/ — contact lens market growth is driven by key factors such as the increasing prevalence of eye and vision-related problems and conditions and the increase in the geriatric population globally diabetes are major factors driving the revenue growth of the global contact lens market. Contact lenses offer more comfort and convenience, and the increase in consumer affordability due to increased disposable income as well as the easy availability of a wide range of products, are factors that are expected to continue to support the growth of the global market in the future.
The report is updated with the latest economic scenario and market scope with respect to the ongoing COVID-19 pandemic. The report covers growth prospects along with current and future revenue estimates in a post-COVID scenario. The report also covers changing market trends and dynamics due to the pandemic and provides an accurate analysis of the impact of the crisis on the overall market.
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Rising disposable income in developing economies and rising demand for less invasive cardiac pacing solutions are key factors driving the market revenue growth
Sports people with vision problems nowadays prefer to use contact lenses during sports activities due to better convenience and safety compared to eyeglasses or goggles worn outdoors. A significant percentage of younger individuals experience visual difficulties such as nearsightedness and farsightedness or astigmatism, which can be prevented by using prescribed corrective lenses.
Leading companies profiled in the Smart Contact Lenses Market report include: Johnson & Johnson, Bausch + Lomb, Alcon, Carl Zeiss Meditec AG, HOYA Corporation, The Cooper Companies, Seed Co., Ltd., EssilorLuxottica (France) , BenQ Materials Corporation, and Menicon Co., Ltd.
The latest report contains a detailed summary of the fiercely competitive landscape of the global Smart Contact Lenses Market, with a systematic profiling of the companies operating in this industry. In this section of the report, the experts have listed the strategic initiatives undertaken by these market rivals for the proposed business expansion. Further, it highlights key developments and financial positions of these companies to explain the overall market scenario. Company profiles of both established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
Main highlights of the report:
In January 2020, Bausch + Lomb expanded its parameters for toric contact lenses. This expansion has enabled Bausch + Lomb to provide the necessary tools for eyecare professionals to meet the unique visual needs of their patients.
The corrective lenses segment accounted for a major share of revenue in the global market in 2020. This can be attributed to the major prevalence of eye disorders and the rapid increase in the global geriatric population and the increasing prevalence of a range of vision and sight-related problems.
North America accounted for 32.1% of the global contact lens market in 2020. Strong presence of a key market player and growing research in ophthalmology is a key driver for market growth in this region .
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The objective of the study is to define the market size of different segments and countries in recent years and to forecast the values to the next eight years. The report is designed to incorporate qualitative and quantitative aspects of the industry in each of the regions and countries involved in the study.
For the purposes of this report, Emergen Research has segmented the global contact lens market based on usage, design, material, application, marketing channel, and region:
Contact Lenses Market Usage Outlook (Revenue: USD Billion; 2018-2028)
Contact Lenses Market Design Outlook (Revenue: USD Billion; 2018-2028)
Contact Lens Materials Market Outlook (Revenue: USD Billion; 2018-2028)
Rigid gas permeable
Contact Lens Market Application Outlook (Revenue: USD Billion; 2018-2028)
· Lifestyle oriented
Customization Demand Contact Lenses Market Report @ https://www.emergenresearch.com/request-for-customization/578
The global smart contact lens market has been categorized based on key geographical regions in North America, Asia-Pacific, Europe, Latin America, and Middle East & Africa. It assesses the global Smart Contact Lenses Market’s presence in major regions with respect to market share, market size, revenue contribution, sales network and distribution channel, and other elements. keys.
Why Should You Buy This Smart Contact Lenses Market Report?
• The study document dissects the total market potential of major regions along with strengths, opportunities and challenges, restraints and dangers.
• Identifying high-improvement locations, the study inspects open entries, keeping an eye out for accomplices.
• It examines each sub-market in terms of a unique improvement design and its contribution to the market.
• It examines recent developments, such as advances, business strategies, new product launches and acquisitions.
• It deliberately profiles the major players in the market and thoroughly studies their strategies for advancement.
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