Healthcare Global Contact Lens Market | Page 2

“Contact Lens Market: Global Demand, Growth Analysis
& Opportunity Outlook 2023”
The global contact lens market is segmented into design such as spherical
contact lenses, toric contact lenses and multifocal contact lenses. Among
these segments, multifocal contact lenses segment is expected to occupy top
position in overall contact lens market during the forecast period. The
growth of multifocal contact lens segment can be attributed to its multiple
prescriptions capabilities. Furthermore, growing cases of age related
ophthalmic disorders such as presbyopia are expected to augment the
growth of multifocal contact lens market.
Global Contact Lens Market is expected to flourish at a CAGR of 8.1%
over the forecast period. Moreover, the global contact lens market is
anticipated to garner USD18.1 Billion by the end of 2023. Increasing
number of ophthalmic cases in youngsters and middle age population,
rising awareness and increasing disposable income are some of the major
factors behind the growth of contact lens market.
North America dominated the overall market of contact lens, with a market
share of 32% and is expected to continue its dominance over the forecast
period. Further, high demand for daily disposable lenses is anticipated to
garner the growth of the contact lens market in North America region.
Europe contact lenses market is projected to grow at significant pace in the
next few years. Strong presence of key players and rapid growth in visual
impairment rate in Germany is expected to foster the growth of the Europe
contact lens market. Asia Pacific is anticipated to witness lucrative growth
over the forecast period. Factors such as rising disposable income,
enhanced brand preference and rising consumer towards contact lens are
likely to impel the growth of contact lens market.
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