SAN FRANCISCO, May 19, 2022 /PRNewswire/ — The global contact lens market is expected to reach $21.6 billion by 2030, according to a new report from Grand View Research, Inc.The market is expected to grow at a CAGR of 4.3% from 2022 to 2030.Innovative materials for the manufacture of contact lenses and increasing adoption of contact lenses are prominent factors propelling the market growth.The growing trend of youths to enhance their aesthetic appearance and the aging population is expected to drive the demand for contact lenses over the forecast period.Global increase in cases of astigmatism and myopia and growing acceptance of these lenses in developing countries is driving the market expansion over the forecast period.Furthermore, global factors such as increasing disposable income and overall economic improvement are expected to drive the market growth.
Contacts For Astigmatism
Read the 100-page market research report, “Contact Lenses Market Size, Share & Trends Analysis Report, By Material (Breathable, Silicone Hydrogel), By Design (Spherical, Multifocal), By Application, By Distribution Channel, By Application, By Region, And Segment Forecasts 2022-2030″, published by Grand View Research.
Contact lens manufacturers are a source of wholesale and retail distributors through which manufacturers distribute their contact lenses through various channels.The significant market growth can be attributed to the increase in the number of active lens wearers, technological advancements, and the development of silicone hydrogel materials into fabric soft lenses.Orthokeratology (Ortho K) is a recent technological advance that reshapes the cornea to improve vision, which involves wearing specially developed overnight contact lenses to alter the structure of the eye during sleep.The increasing number of product launches and developments has led to increased adoption of contact lenses.For example, in March 2019, eye care device manufacturer Alcon Vision LLC launched the AcrySof IQ PanOptix Trifocal IOL in the U.S. market for intermediate, hyperopia, and myopia.
Hybrid contact lenses are expected to depict the highest CAGR over the forecast period in the materials segment.By application, the adoption of corrective contact lenses is expected to rise due to the increasing use of these lenses to correct refractive errors.They are also used to compensate for various vision defects such as hyperopia, presbyopia, astigmatism and myopia.In terms of usage, daily disposable contact lenses will occupy the largest market share in 2021.
Contacts For Astigmatism
Grand View Research has segmented the global contact lens market on the basis of material, design, application, distribution channel, application, and region:
Grand View Research is a US-based market research and consulting firm that provides syndicated and customized research reports and consulting services.Registered in California and headquartered in San Francisco, the company consists of more than 425 analysts and consultants who annually add more than 1,200 market research reports to its vast database.These reports provide in-depth analysis of 46 industries in 25 major countries around the world.Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and leading academic institutions understand the global and regional business environment and seize future opportunities.
Post time: May-23-2022
