Global Eye Lens Market will reach USD 1190.5 Million by 2021: Zion Market Research

Sarasota, FL, Dec. 28, 2016 (GLOBE NEWSWIRE) — Zion Market Research has published a new report Titled “Eye Lens Market by Lens Type (Single Vision Lenses, Bifocal & Trifocal Lens, Plastic lens, Soft contact Lens, Rigid Gas Permeable (RGP) Contact Lens and Disposable Contact Lens) for Therapeutic, Lifestyle, Corrective and Cosmetic Applications – Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, the global eye lens market accounted for around USD 961.0 Million in 2015 and is expected to reach approximately USD 1190.5 Million by 2021, growing at a CAGR of around 4.0% between 2016 and 2021.

The eye lens is thin lens directly placed on the surface of the eye to correct vision and also used for the therapeutic, cosmetic and corrective purpose. Globally, around 285 million people are found with visually impaired disorders and nearly 80% of these visually impaired people can be prevented by taking preventive actions. The eye lens is a very effective treatment option for ophthalmic diseases and disorders. With the use of eye lens, people can see better without affecting their appearance.

Browse through 13 Market Tables and 26 Figures spread over 110 Pages and in-depth TOC on “Global Eye lens Market: By Type, Application, Industry Size, Share, Trends, Analysis, Segment and Forecast 2015-2021”.

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Eye lens market is driven by increasing demand of soft contact & cosmetic lenses with increasing cases of myopia, hyperopia, astigmatism, and presbyopia. Moreover, increasing awareness, government initiative, and improvement of health care facilities influence the growth of eye lens market. Eye lens market is driven by rising eye problems due to increased use of computers, mobiles, gadgets and other digital electronics products. However, problems such as photophobia, intense perilimbal infection and corneal allergy due to continuous use of eye lens are responsible for restraining the growth of eye lens market. Nevertheless, untapped techniques for treatment of ophthalmic disorders are likely to open new opportunities for the eye lens market in the forecasted years.

Based on lens type, eye lens market has been segmented as single vision lens, bifocal & trifocal lens, plastic lens, soft contact lens, rigid gas permeable contact lens and disposable contact lens. Soft contact lens segment dominates the market because more than 80% lens wearer prefer soft contact lens. Plastic lens segment is dominating the eye lens market and it is expected to remain dominant during the forecast period. Progression lens is the true multifocal lens which eliminates the traditional line of bifocal and trifocal eye lens.

Browse the full “Eye lens Market by Lens type (Single Vision Lens, Bifocal & Trifocal Lens, Plastic lens, Soft contact lens, Rigid Gas Permeable (RGP) Contact Lens and Disposable Contact Lens) for Therapeutic, Lifestyle, Corrective and Cosmetic Applications – Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021” report at https://www.zionmarketresearch.com/report/eye-lens-market

Based on application, eye lens market has been segmented as therapeutic, lifestyle, corrective and cosmetic. With more than 40% market share, corrective lens segment market is leading the market of the eye lens. The therapeutic segment is the second largest segment in eye lens market and it is expected to generate new opportunities during the forecast period.

Worldwide, North America was the largest segment in eye lens market and it dominated the market with more than 30% market share of total eye lens market, in 2015. In North America, the U.S. is leading sub-segment and it is expected to remain dominant in forecast period due to increasing prevalence of ophthalmic cases. In the U.S. approximately 30 million people wear eye lens. 

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Europe represents the second largest market in eye lens market and it is expected to show lucrative growth in forecast period due to increasing geriatric population and rising initiatives of government for ophthalmic care. In Europe, the U.K. has dominated the market with the biggest share of around 22% and it is experiencing the highest growth in coming years.

The eye lens market in Asia-Pacific region was growing at the noticeable rate with high demand for eye lens, in 2015 and it is expected to open new opportunity at the brisk growth rate in coming years. In 2015, India dominated the eye lens market followed by China. Indian eye lens market is driven by changing healthcare practices and fashion culture and it is expected to remain dominant in coming years.

Latin America and the Middle East & Africa region will show satisfactory growth in forecast period as a result of rising cases of myopia, hyperopia, astigmatism and presbyopia.

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Key players operating in eye lens market are Novartis International AG, Valeant Pharmaceuticals, Menicon Group, The Cooper Companies, Inc., STAAR Surgical, Carl Zeiss AG, Johnson and Johnson, SynergEyes Inc., Essilor International S.A., Charenton-le-Pont, and Abbott Medical Optics, Inc.

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This report segments the eye lens market as follows:

Eye Lens Market: Lens type Segment Analysis

• Single Vision Lenses 
• Bifocal & Trifocal Lenses
• Plastic lenses
• Soft contact lens
• Rigid Gas Permeable (RGP) Contact Lenses
• Disposable Contact Lenses

Eye Lens Market: Application Segment Analysis

• Therapeutic
• Lifestyle
• Corrective
• Cosmetic

Eye Lens Market: Regional Segment Analysis

• North America
• Europe
• Asia
• Latin America
• The Middle East and Africa

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