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The rising number of visual inaccuracies is expected to further drive the global market over the forecast period.
The soft lens segment provides various applications to the contact lenses market and thus is one of the prominent contributors to the market share.
Advancements, such as drug delivering lenses, in the contact lens technology and increasing adoption trends in various regional markets are expected to drive the market demand over the forecast period.
For instance, in FebruaryEssilor International S. Design Insights Based on designs, the contact lenses industry is segmented into toric lens, spherical lens multifocal lens, and others that include orthokeratology or ortho-k lenses. The multifocal lenses segment is expected to witness increased demand due to the ability of these lenses to incorporate multiple prescriptions.
They are primarily used for treating age-related ophthalmic disorders such as presbyopia. The spherical lens segment is anticipated to be one of the leading industry segments over the forecast period.
The segment accounted for Toric Lenses are used for correcting astigmatism problems that arise from a variation in the curvature of the cornea. The demand Vision care market segment toric lenses is expected to increase substantially with a CAGR of 6. Usage Insights Based on usage, the market is segmented into therapeutic, cosmetic, prosthetic, lifestyle-oriented, and corrective.
The corrective lenses application segment had the maximum market share in of the contact lens market. The corrective contact lens application is anticipated to portray the highest growth with a CAGR of 9.
Therapeutic applications accounted for a major portion of the total market share in and are expected to witness a reduction in market share over the forecast period as these lenses can also be used to deliver drugs to the cornea.
The cosmetic lens industry is anticipated to witness colossal growth opportunities due to the surging demand for improved aesthetic appeal of eyes. The cosmetic segment is anticipated to be one of the leading industry segments with over the forecast period.
Product Insights The hybrid lens segment is expected to witness significant growth over the forecast period. It consists of an RGP central zone surrounded by a soft peripheral skirt made of soft or silicone hydrogel material.
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It provides the wearing comfort of a soft lens and visual clarity of an RGP lens. The increased use of hybrid lenses by people with astigmatism and keratoconus is expected to favorably impact the segment growth.
Regional Insights The Japanese regional market is expected to witness immense growth prospects in the cosmetic lenses segment, owing to circle lenses that are specifically designed to enhance the appearance of eyes. The circle lenses conceal the white part of eyes along with the iris.
Mainstream contact lens manufacturing is undertaken in the Asia regions. Also, alongside these products have made inroads in the U. The trend of cosmetic lenses, stimulated by increasing usage of cosmetic lenses in the media and entertainment sector, is expected to continue over the forecast period.
The South American and Asia Pacific markets are expected to portray high growth rates over the forecast period. The Chinese regional market is expected to witness significant growth in the cosmetic lens segment due to increased adoption of contact lenses.
The industry is perceiving growing market consolidations through strategic initiatives such as alliances, mergers, and acquisitions. This is primarily due to the brand value and loyalty base accrued by the market players, along with the establishment of a global footprint.Oral Care Market Size, Share & Trends Analysis Report By Product (Mouthwash/Rinse, Toothbrush, Toothpaste, Denture Products, Dental Accessories), By Region, And Segment Forecasts, - The global oral care market size is anticipated to reach USD billion by , according to a new report.
Vision Guided Robotics Market Segment by Manufacturers: Fanuc, KUKA, Yaskawa Motoman, Kawasaki Robotics, Universal Robotics and more Covered in this report The report covers the present scenario and the growth prospects of the global Vision Guided Robotics market for Global Agrochemicals Market will propel to garner USD Bn, with a CAGR of % from to Global Chlorinated Polyvinyl Chloride (CPVC) Market will propel to garner USD 1, Mn, with a CAGR of % from to Global Corn Oil Market will propel to garner USD 2, Mn, with a CAGR of % by Global .
Pune, India, 26th September WiseGuyReports announced addition of new report, titled “Global Military Night Vision Device Market Research Report – Forecast to ”. Read this first! In order to understand many of the questions and answers below, you must first understand that the State of Montana Benefit Plan (State Plan) is self-funded.
Global Enterprise Software Market (By Segment, Industry Verticals, Geography and Vendors) and Forecast to