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(Medical-NewsWire.com, January 23, 2017 ) According to the report Global Contact Lenses , published by Market Data Forecast, the global market is projected to reach USD 15.1 billion with a CAGR of 7.60% from USD 10.5 billion in 2016.
For full report refer to http://www.marketdataforecast.com/market-reports/global-contact-lenses-market-1697/
A contact lens is a thin and curved lens which are placed on the surface of the eye. They can be used for vision correction or for cosmetic and novelty purpose. Contact Lenses Market are medical devices, regulated by Food and Drug Administration (USA), hence requires prescription. The various types of contact lenses are Soft contact lenses, Silicone Hydrogel Contact Lenses, and Rigid Gas Permeable Contact Lenses, among others. Contact lenses comes with particular wear schedules such as Disposable Contact Lenses and Extended Wear Contact Lenses. Disposable Contact Lenses can be discarded after use, whereas Extended Wear Contact Lenses can be worn overnight for a period ranging from 6 to 30 days. As contact lenses, do not contain water traces, it can withstand any deposits build up.
Free sample of the report is available at http://www.marketdataforecast.com/market-reports/global-contact-lenses-market-1697/request-sample
The growth of Contact Lenses market is majorly driven by factors such as rising public awareness, improving economy, growth in online sales, increase in disposable income, wider range of products, affordability, convenient to use, presence of umpteen numbers of brands, growth in eye disorder, and consumers preference for lenses over glasses. Additionally, consumer group, specifically youngsters are drawn towards cosmetic lenses to enhance their appearance, thereby spurring up the demand for the product. The increase in aging population is also expected to boost the demand for the product. The advanced technology in contact lenses made it possible for people suffering from presbyopia and astigmatism to opt for contact lenses, thereby spiking the demand for the product.
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Segmentation: Based on Material Soft Contact Lenses Silicone Hydrogel Lenses Rigid Gas Permeable (RGP) Contact Lenses Hybrid Contact Lenses Polymethyl Methacrylate (PMMA) Contact Lenses Based on Application Therapeutic Contact Lenses Cosmetic Contact Lenses Others Based on Design Spherical Bifocal Orthokeratology Toric Geographical Segmentation: North America Europe Asia-Pacific Latin America Middle East and Africa
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The major companies dominating the global Contact Lenses Drugs market are Johnson & Johnson (USA), Bausch & Lomb (USA), CooperVision (USA), Hydrogel Vision Corp (USA), Abbott Medical Optics, Inc. (USA), Alcon Laboratories, Inc (USA), Carl Zeiss AG (Germany), CIBA Vision (USA), Essilor International (France), and Contamac (United Kingdom).
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