The global contact lenses market size is projected to reach USD 12.05 billion by 2026, exhibiting a CAGR of 4.8% during the forecast period. However, the market was worth USD 8.35 billion in 2018. This information is published in a recent report by Fortune Business Insights, titled, “Contact Lenses Market Size, Share & Industry Analysis, By Modality (Reusable and Disposable), By Design (Toric, Multi-Focal, and Spherical), By Distribution Channel (Retail Stores, Online Stores, and Ophthalmologists), and Regional Forecast, 2019-2026.” As per the report, rising per capita healthcare expenditure and increasing incidence of astigmatism and myopia are expected to affect the market positively.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/contact-lenses-market-101775
Fortune Business Insights lists out some of the renowned companies operating in the market. They are as follows:
- HOYA Corporation
- Bausch & Lomb Incorporated
- Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Services, Inc.)
- ZEISS International
- Alcon Vision LLC
- Other key market players
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Global Market Segmentation
By Distribution Channel
- Retail Stores
- Online Stores
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
What Does the Report Contain?
- In-depth information regarding all the possible segments, including modality, design, distribution channel, and region.
- Elaborate analysis of several insights, namely, contact lenses market trends, opportunities, growth drivers, and hindrances.
- Latest industry developments, such as new product launches, mergers, acquisitions, partnerships, and agreements.
Rising Prevalence of Ocular Disorders to Augment Market Growth
The World Health Organization (WHO) stated that approximately 1.7 million people are affected by presbyopia and around 153 million people reside with uncorrected refractive errors around the world. A rising prevalence of presbyopia worldwide is one of the main factors propeling the contact lenses market growth in the coming years. Also, many people are affected by ocular disorders, which in turn, is expected to boost growth of the market.
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