Market Insights to Drive Recovery from COVID-19
The Cosmetic Contact Lenses Market is projected to post an incremental growth of $ 348.86 million, at a CAGR of over 5.17% till 2024. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.
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Cosmetic Contact Lenses Market: Top Drivers for Growth
Technavio has identified Rise in number of people with eye disorders as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Cosmetic Contact Lenses Market: Growth Segments
This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Cosmetic Contact Lenses Market is segmented by Distribution Channel (Offline and Online) and Geographic (North America, Europe, APAC, South America, and MEA). Request our Free Sample Report
Cosmetic Contact Lenses Market: Vendor Landscape
The market is select due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Bausch Health Companies Inc., Carl Zeiss AG, EssilorLuxottica SA, HOYA Corp., Johnson & Johnson, Kazzue, Menicon Co. Ltd., Novartis AG, SEED Co. Ltd., and The Cooper Companies Inc. are some of the major 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 position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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Technavio has been monitoring the cosmetic contact lenses market and it is expected to grow by $ 348.86 mn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Cosmetic Contact Lenses Market: Key Trends to impact market growth
The introduction of antimicrobial contact lenses is one of the key cosmetic contact lenses market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Cosmetic Contact Lenses Market: Top Drivers to Boost Demand
The rise in number of people with eye disorders is one of the primary factors driving the growth of the cosmetic contact lenses market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Bausch Health Companies Inc., Carl Zeiss AG and EssilorLuxottica SA are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Bausch Health Companies Inc., Carl Zeiss AG, EssilorLuxottica SA, HOYA Corp., Johnson & Johnson, Kazzue, Menicon Co. Ltd., Novartis AG, SEED Co. Ltd., and The Cooper Companies Inc. are some of the major market participants.
For more insights on this market: Download a Free Sample Report
Cosmetic Contact Lenses Market: Key Highlights of the Report for 2020-2024
Cosmetic Contact Lenses Market: Key Drivers and Trends to Impact Growth
During 2019, the offline distribution segment accounted for the major share of the Cosmetic Contact Lenses Market. However, market growth in the offline segment will be slower than the growth of the market in the online segment during the forecast period. The rising popularity of silicone hydrogel contact lenses as one of the primary growth factors for this market. The silicone hydrogel contact lens is healthier and allows more oxygen to pass through the lens. The increased resistance to protein deposits, less drying of the lenses, lower risk of eye infection, easier handling due to increased rigidity of the material, and minimal incidence of complications with extended wear use are some of the other advantages offered by silicone hydrogel contact lens. The comfort and convenience of continuous wear in addition to lesser eye complications will fuel the demand for silicone hydrogel contact lens.
The market research report identifies the introduction of antimicrobial contact lenses as another key factor that will further boost the growth of the cosmetic contact lenses market. The antimicrobial coating on the lenses reduces the probability of eye infection, improves the health of the eye, and also makes the use of lenses for a longer time comfortable. The coating is done with a peptide called melamine, which is also produced by the body’s immune system. Users of antimicrobial-coated contact lenses are exposed to lesser germs and thus have a lower chance of eye infection. All these factors are expected to contriubte to the growth of the market in focus.
Cosmetic Contact Lenses Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Bausch Health Companies Inc., Carl Zeiss AG and EssilorLuxottica SA are some of the major 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 position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
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