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TMR Study Research: Contact Lenses Market Will Reach US$14.5 billion by 2031. 14.5 billion by 2031
Wilmington, Delaware, United States, July 13, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The market analysis of contact lenses has revealed that the rise in incidence of visual impairments and eye problems has brought about significant revenue growth. The market for contact lenses was estimated at USUSD 8.6 Bn in 2021, which is when the need for different types of lenses shifted in line with the worldwide prevalence of myopia. The market size for contact lens is projected to reach US$14.5 billion by 2031. 14.5 billion by 2031. There are opportunities in the Asia Pacific as well as North America.
People who wear contact lenses around the world as observed by the researchers of the study that examined the contact lenses market, continue to search for comfort, convenience, and effectiveness when it comes to meeting their needs. The best contact lenses aim towards meeting these needs. These characteristics are sought-after for those who play water sports. It has led to contact lens enhancements in the design, especially for toric lenses. They are primarily used in the treatment of mild and moderate corneal astigmatism.
Soft contact lenses are sought-after and leading manufacturers are looking to expand their selection of lenses. According to research that looked at the market for contact lenses is predicted to grow earnings by investing in custom solutions that can meet the particular demands of each patient.
The most important findings of Contact Lenses Market Research

Contact lenses are widely used to improve eye health and provide revenue streams The market for contact lens has become a lucrative business. Prevalence of vision impairment in adults has generated substantial income streams. Contact lenses are found to be effective in correcting the conditions for the population at risk.
The high prevalence of age-related diseases presents a number of amazing Avenues: The burden of related eye conditions caused by age is predicted to increase significantly during the next several decades. The WHO along with other international agencies have released statistics showing a significant increase in the amount of older people before 2050. Contact lenses have drastically improved the quality of people's lives, there is a large market of untapped potential for them. The increasing prevalence of myopia in particular is likely to create huge profit opportunities for industry players in the contact lenses market.
Contact Lenses Market: Key Drivers
Brown Contact Lenses
The market for contact lens is seeing rapid growth due to an increase in the number of patients suffering from eye diseases as well as vision impairment. Lenses of different types can be effective in resolving this condition.
The incidence of astigmatism has risen substantially, and it is anticipated to unlock new revenue streams for the market of contact lenses. Prospects have been climbing due to the increased use of contact lenses technology to treat ailments.
Contact Lenses Market
In 2022-2031, the market for contact lenses in Asia Pacific is expected to increase at a rapid pace. An increasing prevalence of vision impairment and eye disease in the region across all age groups is predicted to boost revenue streams. Rapid technological advancements with regard to contact lenses over the past time has increased the chances for the market in the region, especially within China, Japan, and India.
The North American market for contact lenses is expected to make up a significant share of sales worldwide during the time frame forecast. The regional market has witnessed plenty of opportunities due to high demand.


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