vGas Permeable Contact Lens - Increasing Array of Products to Enable Market Growth Health Articles | July 13 Cheap Jordan 32 , 2016
Contact lenses are thin plastic discs made from hydrogel or silicon hydrogel material. These lenses helps an individual to correct his ophthalmic disorders such as myopia, astigmatism, presbyopia and glaucoma. These can be used for vision correction or for cosmetic or aesthetic purpose to change the color or appearance of eye.
The global contact lenses market is expected to be valued at US$13.47 bn by the end of 2019. It was recorded at US$6.81 bn in 2012. This market is progressing at a promising CAGR of 10.3% within a forecast period of 2013 to 2019. This growth rate is sustained by prime drivers that include advancements in therapeutic properties of lenses while making large strides in aesthetics and cosmetics. The details on these factors are provided in a research report published by Transparency Market Research, titled “Contact Lens Market - Global Industry Analysis, Size Cheap Jordan 3 , Share, Growth, Trends and Forecast, 2013 - 2019.”
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Contact lenses use hydrogel or silicon hydrogel shaped to fit right above the cornea and help eliminate or reduce vision impairments that a patient suffers from. These could include glaucoma, presbyopia Cheap Jordan 28 , astigmatism, and myopia. At the same time, contact lenses can also be used to change the way the consumer’s eyes appear. People may use lenses to change the color as well as the appearance of the eye. In terms of function, contact lenses are becoming highly durable and provide state-of-the-art scratch resistance and comfort.
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The major factors that are increasing the demand for lenses are the higher number of patients with ophthalmologic disorders. According to the National Eye Association of the U.S., at least 11 mn of American consumers were suffering from eye related problems including hyperopia and astigmatism. The number of people with vision problems is increasing due to negative changes in lifestyles and an increasing percentage of the geriatric demographic.
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The report divides the global contact lenses market in terms of characteristics Cheap Jordan 2 , designs, usage, and geography.
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According to usage pattern, the global contact lenses market is spearheaded by the segment of corrective lenses. This segment is progressing at a CAGR of 12.2% within the report’s given forecast period.
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In terms of design, the segment of multifocal lenses is the fastest growing one for the forecast period. It was valued at US$553.7 mn in 2012 and its growth rate is attributed to the high number of people suffering from myopia in the world.
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North America was the dominant region in the global contact lenses market in 2012 Cheap Jordan 19 , when it accounted for 42% of the market. This massive market for contact lenses in North America is also corroborated by the CDC, which had stated that nearly 11 mn American citizens older than 12 years can negate their vision issues by using refractive correction.
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At the same time, Asia Pacific is showing the fastest growth rate in the global contact lenses market, owing to a high population density and a large untapped market that is drawing the attention of top global players. A larger percentage of the population in developing economies can now afford premium and semi-premium branded contact lenses due to higher disposable incomes.
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The key players in the global contact lenses market are SynergEyes, Inc. Cheap Jordan 18 , STAAR Surgical Company, Johnson & Johnson, Hoya Corporation, Essilor International, CooperVision Cheap Jordan 17+ , Carl Zeiss Meditec AG, Bausch & Lomb Incorporated, Alcon Laboratories, Inc., and Abbott Medical Optics Cheap Jordan 15 , Inc.
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06.01.2020 04:28
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