Contact Lens Market Research Report and Forecast up to 2024 Contact Lens Market - Global Industry Analysis, Si | Page 2

Furthermore, the usage of contact lenses by young adults is also increasing globally,
owing to the factors such as avoiding the inconvenience of replacing and repairing
eyeglass frames during outdoor activities and sports.
In addition, increasing awareness regarding the handling and safe usage of contact
lens is also penetrating the market. Many governments across the world are taking
several initiatives to reduce the manufactures of harmful contact lens or local
unsafe contact lenses. Governments in countries such as the U.S., Japan, China, and
countries in the European Union had created stringent laws regarding medical
conservation, there preventing the sale of contact lenses in beauty parlors,
convenience stores, flea markets or other non-optical outlets. Other developing
countries in the APAC region such as India and Hong Kong have also implemented
this law.
By design, the market is segmented into spherical, toric, multifocal and others.
Moreover, the report also provides cross sectional analysis of all the above
segments across different countries within different regions such North America,
Europe, Asia Pacific, Latin America and Middle East and Africa. North America
includes the U.S. and Rest of North America. Europe includes U.K., Germany, France,
Russia, Italy and Rest of Europe. Asia Pacific includes country such as India, China,
Japan and Rest of APAC. In addition, Latin America comprise of countries such as
Brazil and Rest of Latin America. Middle East and Africa includes country such as
GCC, South Africa and Rest of Middle East and Africa.
Geographically, the Asia Pacific contact lens market is predicted to experience the
fastest growth from 2016 to 2024 in global contact lens market. The increasing
variation of contact lens such as daily disposable soft contact lenses (at cheaper
cost) makes them more interesting and consumers prefer to wear contact lenses on
a regular basis instead of glasses. This factor is enhancing the Asia Pacific contact
lens market.
In order to get a better understanding of the contact lens market, a key trends
analysis has been included for all the segments. In addition, the key players in the
market have also been profiled in terms of their product segments, financial
overview, recent developments and business strategies adopted by them. The
leading players in the market include Valeant Pharmaceuticals (Québec, Canada),
Menicon Group (Nagoya, Japan), Johnson and Johnson (New Jersey, U.S.), Novartis
International AG (Basel, Switzerland), The Cooper Companies, Inc. (California, U.S.),
SynergEyes Inc. (California, U.S.), STAAR Surgical (California, U.S.), Carl Zeiss AG
(Oberkochen, Germany), Abbott Medical Optics, Inc. (California, U.S.) and Essilor
International S.A. (Charenton-le-Pont, France) among others.
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