| |
Newsroom /
Lifestyle
/
Fashion
/
Global Contact Lenses Market Size And Segment Forecasts, 2012 To 2020: Hexa Research
Global Contact Lenses Market Size And Segment Forecasts, 2012 To 2020: Hexa Research
HexaResearch.com has announced the addition of "Global Contact Lenses Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.
Felton,
California,
United States of America
(prbd.net)
16/04/2015
Industry Insights
The global contact lenses market is expected to be valued at more than USD 12 billion by 2020, with demand expected to reach over 1,100 million units in the same year. Increased demand for vision correction products is expected to drive the market over the forecast period.
Contact lenses have gained prominence for correcting visual inaccuracies and are increasingly rivaling spectacles for the same. They are used not only for correcting ophthalmic disorders such as astigmatism, myopia, and hypermetropia, but are also used in cosmetic applications to enhance aesthetic appearance. Increasing incidences of ophthalmic disorders in the wake of changing lifestyles and aging population have driven contact lenses market penetration. Surge in plano sunglasses demand has given rise to contact lenses adoption.
Browse Global Contact Lenses Market Report with Full TOC at: href="http://www.hexaresearch.com/research-report/contact-lenses-market-analysis-segment-forecasts-2020/
Increasing instances of users opting for corrective refractive surgeries such as Photo Refractive Keratectomy (PRK) and Laser-Assisted in Situ Keratomileusis (LASIK) may hamper market growth to some extent. Lack of proper eye care and failure to follow replacement schedules may lead to disorders like contact lens-induced acute red eye (CLARE).
Product Insights
The contact lenses market is segregated into soft contact lenses; hard contact lenses (gas permeable (GP) and rigid gas permeable (RGP)); and hybrid lenses. Soft contact lenses are made up of materials such as hydrogel and silicone hydrogel. Silicone hydrogel lenses allow the passage of higher levels of oxygen to the cornea as compared to regular hydrogel. They increase the supply of oxygen, which benefits users who wear lenses while sleeping. Rigid gas permeable lenses are more durable as compared to their counterparts, and offer clearer and crisper vision. They are easier to handle and not prone to tearing. However, RGP lenses need an adaptation period as they are not as comfortable as soft lenses initially.
Soft contact lenses dominated the market and accounted for over 80% of the global demand in 2013. Demand for daily disposable lenses is expected to continue increasing over the forecast period, due to benefits such as high level of hygiene and lowered risk of infections, thereby driving soft contact lenses market growth. RGP contact lens market is mainly driven on account of their use in astigmatism, orthokeratology (ortho-k), and presbyopia.
Design Insights
Spherical, multifocal, toric, custom-made, and ortho-k lenses are key contact lens design types. Spherical lenses accounted for over 55% of the global market in 2013 on account of their capability of treating myopia, hypermetropia, and small amounts of astigmatism. Toric lenses are composed of both, soft and RGP lenses, and create different refractive powers on horizontal and vertical orientations on account of their shape. They can be used for treating patients with larger amounts of astigmatism. The multifocal contact lenses market is expected to grow faster than the global average, on account of increased demand in treating presbyopia and other age-related ophthalmic ailments.
Click Here For More Details About Category Of This Report at: href="http://www.hexaresearch.com/research-category/advanced-materials/
Usage Insights
Corrective, prosthetic, therapeutic, lifestyle-oriented, and cosmetic contact lenses are the types of lenses that cater to several needs. Corrective contact lenses accounted for more than 40% of the overall global shipments in 2013. Therapeutic contact lenses, which are used for treating aphakia, are expected to gain significant market share over the next six years. For instance, Bausch & Lomb’s PureVision Bandage Lenses provide slow dispensing of medicines as well as optical correction for healing.
Regional Insights
In 2013, North America accounted for over 30% of the global demand in and is estimated to maintain its leadership over the forecast period. Increased daily disposable lenses consumption is expected to drive regional market growth. Over the next six years, Asia Pacific is projected to be the fastest growing regional market, which can be attributed to growing vision correction awareness and increasing adoption, particularly in Japan and China.
ABOUT Hexa Research
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Contact:
Michelle Thoras
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Web: http://www.hexaresearch.com/
About
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
|