Global Soft Contact Lenses Market was valued US$ xx Bn. in 2019 and the total revenue is expected to grow at 6.8% through 2019 to 2027, reaching US$ xx Bn.
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Soft Contact Lenses Market by region It covers the key players’ strategies to tackle the impact of the COVID-19 in terms of their revenue, marketing and overall business models Soft contact lenses are the greatest prescribed contact lenses, whereas toric lens designs are considerably gaining popularity in last few decades. The latter is gaining traction assigning to their properties to precisely mixed astigmatism. Likewise, these lenses are fashionable; serve many purposes because of their anti-radiation (block UV rays) properties, and facilities to filter dim lights.
Soft lenses remained top-selling, marking up approximately 80% of global sales in the contact lenses market. These lenses are usually prescribed by doctors as they are user friendly, and easier to handle compared to hard contact lenses. The global market for soft contact lenses is growing rapidly because of the rising refractive issues related to the eyesight among people. On the other hand, the presence of other remedial procedures and ophthalmology devices, for example, PRK (photorefractive keratectomy) and laser and growing side effects of contact lenses like corneal ulcer and eye infections would hamper the market growth. The MMR report comprises a detailed study of factors that will drive and restrain the growth of the global soft contact lenses market.
In recent years, major players in the soft contact lenses market have taken several strategic measures, such as facility explorations, partnerships and collaborations. In Sept 2017, Johnson & Johnson Company acquired Sightbox Company, a privately owned company that developed a donation vision care service that connects customers with contact lenses supplies and eye care professionals.
The report covers the segments in the soft contact lens market such as product and end-user. By product, the daily wear contacts lens segment was valued US$ xx Mn. in 2019 and is expected to reach US$ xx Mn. by 2027 at a CAGR of 33% over the forecast period.
The market for soft contact lenses will witness new normal situations after the COVID-19 era which will redefine and redesign the market trends. The top trends and accurate analysis has gained importance now more than ever to manage indecision and change. The report gives specifications about the new and developing market situations.
North America is expected to continue to hold the largest xx% share in soft contact lenses market thanks to high demand for branded products, frequent adoption of soft contact lenses, and many new product launches, along with a major presence of leading players in the region. The European soft contact lenses market holds the second-largest share because of the high adoption of contact lenses and growing rates of age-related eye diseases.
As a part of the new developing geographical situation, the U.S. is estimated to grow with a 4% CAGR. Germany will add above US$ xx Mn. to Europe Market in the forecast period. In Japan, the daily soft contact lens will reach a market size of US$ 7 Mn. by 2027. Attributed to the pandemic, major economic and political challenges confronted by China.
The reports cover key developments in the soft contact lenses market as organic and inorganic growth strategies. Such as, In March 2018, CooperVision, Inc. launched MyDay toric Company daily disposable contact lenses. By this launch, the company extended its contact lenses portfolio.
The objective of the report is to present a comprehensive analysis of the Global Soft Contact Lenses Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Soft Contact Lenses Market dynamics, structure by analyzing the market segments and projects the Global Soft Contact Lenses Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Soft Contact Lenses Market make the report investor’s guide.
Scope of the Global Soft Contact Lenses Market
Global Soft Contact Lenses Market, By Product
• Daily Wear Contacts Lens • Extended Wear Contacts Lens • Toric Contacts Lens • Colored (Tinted) Contacts Lens • Decorative (Cosmetic) Contacts Lens • Others
Global Soft Contact Lenses Market, By End User
• Hospital • E-Commercial Stores • Ophthalmic Diagnoses Center • Other
Global Soft Contact Lenses Market, by Region
• Asia Pacific India China Japan South Korea Australia Indonesia Malaysia Vietnam Rest of Asia • North America U.S. Canada • Europe U.K Germany France Russia Spain Italy Sweden • South America Mexico Brazil Rest of South America • Middle East & Africa GCC South Africa Rest of MEA
Key players operating in the Global Soft Contact Lenses Market
• Carl Zeiss AG • Contamac Ltd. • CooperVision, Inc. • Ciba Vision • Essilor International • Ginko International Co., Ltd. • Hoya Corporation Eye Care Company • Johnson & Johnson • Menicon Co., Ltd. • Novartis AG • Sensimed AG • SynergEyes, Inc. • UltraVision CLPL • Valeant Pharmaceuticals International, Inc. • Bausch & Lomb Incorporated • Biomedics
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