Global Market for Contact Lenses to Increase for Years to Come
The global contact lenses marketis going to be increasing for years to come and in 2016 the entire industry was worth USD$9.91 billion. It is expected that the industry will be sustain their growth according to the latest contact lenses market research report. There are numerous areas where this would be seen, including in the applications that they are used like treating various visual issues and more. There are predictions that the visual issues are going to increase, which lead to a higher demand for this product from all industries and sectors.
Insights on Design
You need to look at the global contact lenses market trend to find out the insight when it comes to the designs of the product. The industry is made up of a few segments like toric, orto-k ororthokeratology and the multifocal spherical ones. The multifocal global contact lenses market growth is expected to increase since it can incorporate a few different prescriptions, which are often used for disorders that are due to age like presbyopia.
It is predicted that the spherical design is also going to be leading according to the global contact lenses market analysis. Back in 2014, it accounted for some 73.9% of all of the products that were purchased. Astigmatism is corrected by the to ric design ones that are created to solve the problem of the cornea curvature. This is predicted to go up around 6.8% during the current and predicted global contact lenses market demand.
Insights on Usage
Also when it comes to the global contact lenses market news usage is also important and the main types include corrective, lifestyle-oriented, prosthetic, cosmetic and therapeutic. The maximum share of the global contact lenses market research shows that the corrective style dominated in 2016. It is estimated that they will see an increase of around 9.8% in the upcoming years.
The major part of the global contact lenses market share in 2016 was taken over by the therapeutic option and it is thought that it will go through a reduction since these can give medicine directly to the cornea. However, the area where the global contact lenses market size is thought to be increasing dramatically over the next few years is the cosmetic sector since most people are looking to change how their eyes look. Those who want to be able to change their look easily will opt for this option since you can change it up as often as wanted without any major damage to the eyes or the cornea.
Daily Wear
The global contact lenses market forecast says that the daily wear options, which include traditional, extended wear and daily wear will see the highest growth. This would be attributed directly to the numerous advantages that the individuals can see when it comes to daily wear options. Some of the advantages include no cleaning required, easy in terms of wear ability and you don’t have to wear them overnight. The global contact lenses market survey thinks that most people will start switching to this option in order to keep the cleaning and other required tasks down to a minimum.
