Contact Lenses Market: Global Industry Research, Size, Share, Growth, Trends, and Forecast, 2019–2025
Apr 10, 2019 (The Expresswire via COMTEX) -- Contact Lenses Market share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Global Contact Lenses Market (2019-2025) research report analysed the current state in the definitions, classifications, applications and industry chain structure. The Contact Lenses Market report also focuses on the development trends as well as history, competitive landscape analysis, and key regions in the international Contact Lenses Industry.
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Contact Lenses Market Segment by Manufacturers:
Novartis, CooperVision, Bausch + Lomb, St.Shine Optical, Menicon, Hydron, Weicon, Bescon, NEO Vision, Clearlab, Oculus, Camax, Seed, Hoya Corp, OVCTEK,
About Contact Lenses
- Contact Lenses (CLs) are lightweight corrective, cosmetic or therapeutic devices that are usually placed directly onto the cornea of the eye. Contact lenses have many benefits for wearers, including appearance and practicality. Many people choose to wear contact lenses as opposed to eyeglasses as they do not steam up, they provide a wider field of vision, and they are more suitable for a number of sporting activities.
- USA is the largest consumption region of Contact Lenses, with a sales market share nearly 30.5% and consumption value market share nearly 32%. However, the US market is relatively concentrated. About 94% of market share is concentrated in the hands of the international four major manufacturers.
- The second place is Europe; following USA with the sales market share of 21%. Japan is another important market of Contact Lenses, enjoying 16% sales market share.
- Market competition is intense. Johnson andJohnson Vision Care, Novartis, CooperVision, Bausch + Lomb, etc. are the leader of the industry, and hold key technologies and customers, have been formed in the monopoly position in the industry. However, with further expanding market, there will be more manufactures in the future.
- There are some manufacturers in China, and product quality is uneven. The market is chaos and a market adjustment is expected in the future. In addition, there are some breakthroughs in research on Contact Lenses in China.
- The global Contact Lenses market is valued at 8350 million US$ in 2018 and will reach 11900 million US$ by the end of 2025, growing at a CAGR of 4.6% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Contact Lenses market based on company, product type, end user and key regions.
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Geographical Analysis of Contact Lenses Market:
This report focuses on the Contact Lenses in Asia market, especially in North America, Asia and Asia-Pacific, Latin America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.