Welcome!

News Feed Item

Contact Lenses Market Expected to Reach USD 13.47 Billion Globally in 2019: Transparency Market Research

ALBANY, New York, February 10, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Contact Lens Market (Gas Permeable Contact Lens and Soft Contact Lens) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," the global endocrine testing market was valued at USD 6.81billion in 2012 and is estimated to reach a market worth USD13.47 billion in 2019 at a CAGR of 10.3% from 2013 to 2019.

Browse Contact Lens Market Report with Full TOC at http://www.transparencymarketresearch.com/contact-lens-market.html

Contact lens refers to a thin, curved lens or small prescription lens worn over the cornea covering the surface of the eye. These lenses are used for refractive error correction without affecting ocular health. Also, these lenses are used for cosmetic and novelty purpose. For instance, a colored contact lens renders change or enhances the hue of the eye. Also, costume lenses assist in creating some special effects similar to that of the big screen. Contact lenses are available in varied forms designed to meet different purposes and needs. Different shapes of lenses are used to correct different vision problems such as spherical lenses that are small all-around aid in correcting farsightedness and nearsightedness. Meanwhile, toric lenses that are heavy at the bottom are used to correct astigmatism. As per the research study published by Contact Lens Spectrum, around 125 million people wore contact lens globally and generated significant sales revenue worldwide.

With the evolution of different types of contact lenses, a large number of options are now available for the existing as well as new contact lens users. The soft contact lens provides several advantages over the conventional rigid gas permeable contact lens. These lenses are easy to adjust and are made up of soft and flexible plastics that allow oxygen to pass through the cornea. Soft contact lenses also render high comfort as compared to rigid gas permeable contact lenses. Owing to these factors, soft contact lenses are estimated to record highest growth rate during the forecast period. On the other hand rigid gas permeable lenses are durable, resistant to deposit buildup and are easy to handle. However, the demand for the same is declining due to increasing preference for various kinds of soft contact lenses such as daily disposable, extended wear and weekly replacement contact lenses. Daily disposable and extended wear soft contact lenses markets represent two of the largest markets of 2012. Manufacturers are now shifting their focus towards introduction of high comfort soft contact lenses instead of hard contact lenses. For Instance, Cooper Vision launched MyDay daily disposable contact lenses that render high oxygen permeability and help in improving the lens surface wettability.

The usage of various designs differs from the type of vision correction. Spherical, toric and multifocal contact lenses differ in their shapes and uses. These lenses are used for refractive error correction (myopia, hyperopia and astigmatism). As per the data published in International Agency for the Prevention of Blindness (IAPB), in 2010 it was estimated that around 123 million people suffered from significant vision impairment due to improper adoption of vision correction solutions. This has led to a rise in global economic cost due to lost productivity accounting for approximately USD 202 billion. These factors coupled with increasing adoption for cosmetic and aesthetic purposes are expected to influence the growth of the contact lens market. However, improper usage of the contact lens can lead to severe eye infections such as dry eyes and blindness, which are potential side effects of the contact lenses thatmay hamper the adoption of contact lenses.

Contact lenses render wide range of uses major being cosmetic, therapeutic, prosthetic, corrective lens and others. In addition, electroretinography lens and soft bandage contact lens are used in specialist centers and to promote epithelial healing processes respectively. Also, painted contact lenses, a type of cosmetic contact lens are sold commercially to change pupil shape or iris color and manufactured to correct refractive errors concurrently. Cosmetic, therapeutic accounted for the fastest growing segments. While, corrective contact lenses currently account for the largest market share owing to high preference and comfort levels. On the contrary high maintenance costs coupled with increased risk of vision problems due to the deposition of lipids or proteins and negligence of lens care might restrain the growth of the market.

At the regional level, North America and Europe were the largest markets in 2012 accounting for above 70% of the global contact lens market. This growth was attributed towards increasing patient population suffering fromophthalmic disorders (myopia, diabetic retinopathy and astigmatism).Asia-Pacific and Rest of the World (Row) regions are estimated to grow rapidly during the forecast period, owing to large population base, huge untapped potential, rise in disposable incomes and increased healthcare awareness. In addition substantial investments being made by the major market players in these regions will further boost the growth and uptake of contact lenses in these regions.

Global contact lens market is characterized by the presence of well-established as well as emerging players. The major companies competing in this market are Johnson & Johnson (ACUVUE brands), CIBA Vision (CIBA Vision Focus Dailies, CIBA Vision Freshlook), Essilor International (ContinuVu Concentric Design, Scone Standard) Cooper Vision (Biofinity Brands, Avira Brands) and others.

Related & Recently Published Reports by Transparency Market Research

The Global Contact Lensmarket is segmented as follows:

Contact Lens Market, by Design

  • Contact Lens Market, by Characteristics
    • Spherical Contact Lens
    • Toric Contact Lens
    • Gas-Permeable Contact Lens
    • Soft Contact Lens
    • Daily Disposable 
    • Weekly Replacement
    • Monthly Replacement
    • Extended Wear
    • Annual Replacement
    • Unplanned Replacement Schedule
    • Contact Lens Market, by Design
      • Spherical Contact Lens
      • Toric Contact Lens
      • Multifocal Contact Lens
      • Orthokeratology Contact Lens
    • Contact Lens Market, by Usage
      • Corrective Contact Lens
      • Therapeutic Contact Lens
      • Post-Operative Therapeutic Contact Lens
      • Cosmetic Contact Lens
      • Enhancement Tints
      • Opaque and Special Effect Contact Lens
      • Prosthetic Contact Lens
      • Computer Lens
      • D-Segment Contact Lens
      • Sports Lens
      • Custom-made Contact Lens
    • Contact Lens Market, by Geography
      • North America
      • Europe
      • Asia-Pacific
      • Rest of the World (RoW)

    Browse all Medical Devices Market Research Reports Research Reports @ http://www.transparencymarketresearch.com/medical-devices-market-reports-6.html

    About Us

    Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

    Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

    Contact

    Sheela AK
    90 Sate Street, Suite 700
    Albany, NY 12207
    Tel: +1-518-618-1030
    USA - Canada Toll Free: 866-552-3453
    Email: [email protected]
    Web: http://www.transparencymarketresearch.com/
    Blog: http://www.tmrblog.com/
    Blog: http://marketresearch.hatenablog.com/

     

SOURCE http://www.transparencymarketresearch.com/

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, will describe how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launchi...
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, will provide a fun and simple way to introduce Machine Leaning to anyone and everyone. Together we will solve a machine learning problem and find an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intellige...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.