Soft Contact Lens Market 2024

1. Downloaded from: justpaste.it/7nf8t Soft Contact Lens Market Size, Report and Growth 2024 The soft contact lens market size has the potential to grow by USD 1.71 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Know More: https://www.technavio.com/talk-to-us?report=IRTNTR44607&type=sample&src=report This report provides a detailed analysis of the market by product (daily soft contact lens, weekly replacement lens, monthly replacement lens, and others), application (corrective lens, therapeutic lens, and cosmetic lens), and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Bausch Health Companies Inc., BenQ Corp., Carl Zeiss AG, EssilorLuxottica SA, HOYA Corp., Johnson & Johnson, Menicon Co. Ltd., Novartis AG, SEED Co. Ltd., and The Cooper Companies Inc. Market Competitive Analysis The market is fragmented. Vendors are focusing on product line extension and differentiation to attain a unique value proposition to gain maximum soft contact lens market size and share. Bausch Health Companies Inc., BenQ Corp., and Carl Zeiss AG are some of the major market participants. Although the rise in eye disorders will offer immense growth opportunities, the availability of alternative treatments will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this soft contact lens market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this market analysis report also provides information on the upcoming soft contact lens market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. Daily soft contact lenses are gaining popularity among consumers for benefits such as no day-to-day accumulation of lens deposits, and no cleaning required. Thus, manufacturers are shifting their focus from hard contact lenses to comfortable soft contact lenses. In line with these factors, the soft contact lens market share growth by the daily soft contact lens segment will be faster than the growth of the market by the other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the soft contact lens market size. Soft Contact Lens Market: Key Drivers and Trends The soft contact lens market will register a CAGR of over 3% by 2024. One of the primary drivers for this market is the rapidly rising number of eye disorders. The increase in the use of digital appliances and gadgets, including

2. gaming consoles, computers, and other electronic products has been one of the major factors contributing to the rise in eye disorders among youth in the past decade. Also, an increase in smoking and ultraviolet light exposure further aggravates these eye disorders. The majority of the cases reported are refractive error, cataract, and glaucoma, which can lead to visual impairment or blindness. Also, the sudden increase in the diabetic population is another reason for the rise in a number of eye disorders. This exponentially increasing rate of eye disorders among the population will propel the use of soft contact lenses. The use of silicone hydrogel is the latest development, in terms of material, in the manufacturing of soft contact lenses. These lenses are healthier than conventional soft lenses since they allow up to six times more oxygen to pass through them, resulting in overall eye health. The other advantages of silicone hydrogel lenses over conventional soft lenses are higher resistance to protein deposits, lower risk of eye infections, reduced drying of lenses, easy to handle due to increased rigidity of the material, and lower incidence of complications with extended wear such as overnight wear. The convenience of 30 days-continuous-wear, as well as the low incidence of eye health complications, is making silicone hydrogel one of the most popular lenses for both patients as well as eye care practitioners prescribing the use of lenses. Such factors will drive the sales of contact lenses, in turn, fueling soft contact lens market growth. Soft Contact Lens Market: Key Highlights of the Report for 2020- 2024 CAGR of the market during the forecast period 2020-2024 Detailed information on factors that will drive soft contact lens market growth during the next five years Precise estimation of the soft contact lens market size and its contribution to the parent market Accurate predictions on upcoming trends and changes in consumer behavior The growth of the soft contact lens industry across North America, Europe, APAC, South America, and MEA A thorough analysis of the market’s competitive landscape and detailed information on vendors Comprehensive details of factors that will challenge the growth of soft contact lens market vendors