Contact Lenses Market by Model (Daily Wear, Extended Wear)

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MarketsandMarkets Presents
Contact Lenses Market worth 9.2 billion by 2023
https//www.marketsandmarkets.com/Market-Reports/c
ontact-lenses-market-204541962.html
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The report "Contact Lenses Market by Model (Daily
Wear, Extended Wear), Design (Monovision,
Spherical, Multifocal, Toric), Material (PMMA,
Hybrid, Silicone Hydrogel), Application
(Orthokeratology, Decorative Lenses),
Distribution Channel - Global Forecast to 2023",
The contact lenses market is expected to reach
USD 9.2 billion by 2023 from an estimated USD 7.2
billion in 2018, at a CAGR of 4.9. The high
prevalence of myopia worldwide, rapidly growing
geriatric population, growing demand for daily
wear contact lenses, and rising preference for
contact lenses over prescription eyeglasses are
the significant growth drivers of the contact
lenses market. Browse 160 market data tables 38
figures 180 pages And in-depth TOC on Contact
Lenses Market Ask for Discount_at_ https//www.mar
ketsandmarkets.com/discountreports.asp?id20454196
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The daily wear contact lenses segment is
expected to dominate the contact lenses market
during the forecast period. On the basis of
model, the contact lenses market is segmented in
daily wear, extended wear, and traditional
contact lenses. The daily wear contact lenses
segment is excepted to account for the largest
share of the contact lenses market in 2018. The
large share of this segment can be attributed to
the advantages offered by daily wear contact
lenses, such as easy wear ability, no requirement
of lens cleaning (in the case of disposable daily
wear contact lenses), and no requirement of
overnight wear. Read More_at_ https//www.marketsa
ndmarkets.com/PressReleases/contact-lenses.asp.asp

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Silicone hydrogel contact lenses to hold the
largest market share between 2018 and
2023. Based on the type of materials used to
manufacture contact lenses, the market has been
classified into polymethyl methacrylate (PMMA)
contact lenses, silicone hydrogel contact lenses,
hydrogel contact lenses, hybrid contact lenses,
and gas-permeable (GP) contact lenses. In 2017,
the silicone hydrogel contact lenses segment
accounted for the largest market share owing to
their high demand among end users. This is
because silicone hydrogel contact lenses are
comfortable to wear, offer greater wettability,
allow the transmission of a high amount of oxygen
to the cornea, are useful for daily wear or
extended wear, and have a lower risk of
infections. Read More https//www.marketsandmark
ets.com/Market-Reports/contact-lenses-market-20454
1962.html
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The conventional contact lenses segment to
account for the largest market share in
2018. Based on application, the contact lenses
market is segmented into conventional,
orthokeratology (Ortho-k), and decorative (plano)
contact lenses. The conventional lenses segment
accounted for the largest share of the contact
lenses market, by application, in 2017. The
increasing prevalence of myopia, rising geriatric
population (geriatric individuals are more prone
to presbyopia), and the growing preference
towards the use of contact lenses over prescribed
eyeglasses are the major factors driving the
growth of the conventional contact lenses
market. North America to dominate the market in
2018. The global contact lenses market has been
segmented into five regional segments, namely,
North America, Europe, Asia Pacific, Latin
America, and the Middle East Africa. In 2017,
North America accounted for the largest share of
the contact lenses market. The rising prevalence
of age-related eye diseases, increasing
healthcare expenditure, rising disposable income,
and technological advancements in contact lenses
and related products are some of the key factors
driving the growth of the contact lenses market
in North America.
https//www.marketsandmarkets.com/Market-Reports/c
ontact-lenses-market-204541962.html
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