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Contact Lenses Market size was valued at USD 6.45 Billion in 2020 and is projected to reach USD 18.40 Billion by 2028, growing at a CAGR of 13.45% from 2021 to 2028.
Contact lenses constitute an essential component of the global vision care market. The growing adoption of contact lenses for restoring multiple vision dysfunctions, such as myopia, hyperopia, astigmatism, and presbyopia, will promote the growth of the global contact lenses market. The growing focus on the aesthetic look and the popularity of colored contact lenses in the fashion industry will boost the demand for these vision care products in the global market.
Market Segmentations: Silicone hydrogel contact lenses benefit like they can help minimize risk, including red eyes, swollen corneas, and blurred vision. Some of the factors why silicon hydrogel lenses are preferred are extended wear, continuous wear, increased comfort, and performance. The changing lifestyle and environmental conditions such as smoking, high exposure to UV rays, pollutants also enhance the number of eye disorders such as refractive error, cataracts, and glaucoma. The increase in the diabetic population also contributes to the rise of eye disorders such as glaucoma, retinopathy, cataracts, temporary blurring of vision. All these factors are expected to boost the demand for corrective contact lenses in the market during the forecast period.
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Segments Overview: The Contact Lenses market is segmented as below:
Market Segmentation by Distribution Channel
A selection of companies mentioned in this report includes:
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11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
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