Quick Overview of the US Contact Lenses Market Analysis
The recent analytical report published by MarkNtel Advisors (a leading consulting, data analytics, and market research firm), US Contact Lenses Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
Market Insights & Analysis: US Contact Lenses Market (2023-28):
According to the latest report, the US Contact Lenses Market is projected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2023-28. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geographical landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e 2023-28.
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Key Trend: Growing Eye Safety Concerns to Drive Up Demand for Daily Disposables Lens
Rising awareness of the advantages of disposable lenses over reusable ones, such as protection from side effects of cleaning solutions such as eye staining, has furthered market growth in the past few years. Ophthalmologists recommend disposable lens adoption owing to safety reasons despite the fact that there is no appreciable cost difference between the costs of disposable and reusable lenses. In addition, the key players in the market are conducting awareness campaigns and releasing cutting-edge products, which are expected to boost the expansion of daily disposables. In the United States, for instance, Alcon launched PRECISION1 for Astigmatism in January 2021, a daily disposable silicone hydrogel (SiHy) lens.
Market Bifurcations Based on Different Segments:
The US Contact Lenses Market covered in this report is segmented into:
-By Usability
- Reusable
- Disposable
Here, Reusable lenses are gaining immense popularity across the country and are anticipated to notably contribute to the overall market expansion during 2023-28. It owes primarily to the growing pool of patients with refractive errors, paired with the massive wearers. For instance, the Vision Council's 2020 study report estimates that around 125 million people worldwide wear contact lenses, with 42.2 million residing in the United States. The category is likely to ascend owing to the steady adoption of reusable lenses and the rising prevalence of contact lens wearers worldwide. Additionally, the benefits associated with reusable lenses, such as durability and comfort, are expected to augment the market growth during the forecast period.
-By Material Type
- Soft Contact Lenses
- Hard Contact Lenses
- Hybrid Contact Lenses
-By Design
- Spherical
- Toric
- Multifocal
- Others (Monovision, Color lenses, etc.)
-By Application
- Cosmetics
- Corrective
- Others (Prosthetic, Orthokeratology, etc.)
-By Sales Channel
- Offline
- Online
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On the geographical front, the US Contact Lenses Market expands across the following:
-By Region
- North East
- Mid-West
- West
- South
Companies Listed in US Contact Lenses Market
- Alcon Laboratories Inc.
- Bausch + Lomb
- Carl Zeiss AG
- CIBA Vision
- Contamac US Inc.
- CooperVision
- Essilor of America, Inc.
- Hydrogel Vision Corp.
- Johnson & Johnson
- Microport Scientific Corporation
- Others
US Contact Lenses Market Report Table of Contents Includes:
- Introduction
- Executive Summary
- Expert Verbatim- What our Experts Say?
- US Contact Lenses Management Market Pricing Analysis
- Competitive Outlook
- Disclaimer
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Reasons to Buy the Market Report
- The study incorporates insights to enlighten the stakeholders about the industry's growth potential while learning the competitive scenario in the US Contact Lenses Marketto plan their strategic investments.
- The stakeholders can also get a hold of unbiased & accurate data into the dynamic interface of the industry to frame robust business strategies & investments utilizing the information cited.
- With the help of such data in this report, the investors can better understand the tactics used by the competitors to sustain the industry & establish dominance & profits over the years.
- The analysis further incorporates data that would offer efficiency to the investors in organizing their sales & marketing efforts by identifying the opportunities offered in the US Contact Lenses Market.
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