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Global Contact Lenses Technologies Market Is Driven By Cosmetic And Aesthetic Factors

Press Release   •   Nov 16, 2016 11:39 IST

Overview

Contact lenses refer to ophthalmic devices that are worn over the cornea to improve vision. The global contact lenses technologies market is primarily driven by cosmetic and aesthetic factors. Contact lenses are curved and generally quite thin and they do not harm ocular health. Contact lenses are generally used for correcting refractive errors. However, these days there are colored lenses available in the market which are solely meant for cosmetic and aesthetic purposes. Different types of contact lenses serve different purposes.

On the basis of types of contact lenses, the global contact lenses technologies market is classified into soft contact lenses, hybrid lenses, and rigid gas permeable (RGP) contact lenses. These aforementioned lenses have the common purpose of vision correction. They only differ in terms of their composition and texture. Soft contact lenses are generally made of hydrogel and silicone hydrogel which ensure sufficient oxygen supply to the cornea. Rigid gas permeable contact lenses exhibit greater durability and crisper vision quality as against the soft contact lenses. However, unlike the latter, the former is not as comfortable.

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Hybrid contact lenses are those which ensure the comfort level of soft contact lenses and visual sharpness of RGP contact lenses. Contact lenses can also be classified on the basis of designs which include multifocal, custom-made, spherical, ortho-k, and spherical. On the basis of usage, the contact lenses technologies market can be segmented into therapeutic, prosthetic, corrective, cosmetic, and lifestyle oriented uses.

Geographically, the contact lenses technologies market is led by North America. The contact lenses technologies market in this region is driven by factors like high demand for daily disposable contact lenses, and high penetration of contact lenses.

It is expected that the Asia Pacific will be the fastest growing contact lenses technologies market in the years to come due to widespread awareness about vision rectification and contact lenses adoption in countries like Japan and China.

Companies mentioned

The key players operating in the global contact lenses technologies market are Bausch & Lomb, Essilor, Abbott Medical Optics, Inc. , Johnson & Johnson, Carl Zeiss AG, Hydrogel Vision Corp. , Wesley Jessen Visioncare, Inc., Nidek Co., Ltd. , Ciba Vision , GKB RX Lens Private, Ltd. , Star Surgical Co. , All Pro Intraocular Lens Co., Ltd. , Eagle Optics Pvt., Ltd., and Synergeyes .

Transparency Market Research’s report on the global contact lenses technology market provides a comprehensive analysis of the market structure, growth rate, demand and supply trends, and industry capacity of the global contact lenses technologies market.

This market research report presents the production and market size forecasts on the basis of historical data and trends prevailing in the global contact lenses technologies market. Furthermore, the significant drivers of growth and constraints in this market have also been discussed in this report.

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This report on the global contact lenses technologies market includes revenue predictions in the global and Chinese contact lenses technologies markets. The growth potential of this market and the assessment of the research and development initiatives have been discussed in much detail in this report.

This market research report includes in-depth analysis of the global contact lenses technologies market on the basis of the trends prevailing in this market, the market segments, and geography.Apart from trend analysis, product sale and value chain analysis have also been discussed. This report consists of detailed SWOT and Porter’s five forces analyses, which enable a prospective player to understand the key market dynamics and also the intensity of competition in order to be at par with the standards of the global contact lenses technologies market.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.