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Contact Lenses Market to Reach Value of US$ 14.5 Bn by 2031 TMR Study
Wilmington, Delaware, United States, July 13, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. Market analysis for contacts has shown that increasing incidences of visual impairments and eye problems has led to significant growth in revenue. In 2021 , the market for contacts was estimated at US$ 8.6 Bn. This is due to the growing prevalence of myopia across the world. The market size of contact lenses is predicted to grow to US$14.5 billion by 2031. 14.5 billion in 2031. There is a lot of opportunity within the Asia Pacific as well as North America.
According to market analyst who study the market, users of contact lenses across the world are increasingly looking to have comfort and ease to live their life. This is all fulfilled by the best contact lenses. In addition, those who engage in water sports or other aquatic pursuits enjoy these characteristics. The result has led to contact improvement in design, particularly with toric lenses. They are primarily utilized to treat mild and moderate corneal astigmatism.
Contact lenses that are soft among the most popular type of contact lens, and leading manufactures are leaning on broadening their portfolio that includes these types of lenses. According to research of the market, contact lenses will likely grow in revenues by focusing on customized solutions to meet the specific needs of patients.
Important Findings of Contact Lenses Market Study
Blue Contact Lenses
Widespread Adoption of Contact Lenses for correcting eye Diseases for generating revenue streams Increase in the amount of persons, across the globe, affected by eye disease and diseases has pivoted vast potential for firms who sell contact lens products. Prevalence of vision impairment in adults has steered substantial revenue streams. Contact lenses have proven beneficial in treating the condition within the populations that are most at risk.
A significant proportion of people suffering from age-related diseases presents incredible avenues. The prevalence of eye ailments that stem from old years is expected to rise dramatically over the coming decades. It is a result of various figures released that have been released by the WHO and other global organizations regarding the huge rise in the proportion of the elderly population of 50 and over in 2050. Contact lenses have drastically enhanced the quality of lives, there is a enormous market that is not yet developed for them. Industry players who are involved in the field of contact lenses will be in a position to earn a significant amount of cash from myopia.
Contact Lenses Market: Key Drivers
Contact lens market is seeing rapid growth due to the rising rate of eye diseases and vision impairment. Various designs of contact lenses are proven to be effective in reversing the condition.
The amount of astigmatism is increasing dramatically, and is predicted to open new avenues of revenue within the contact lens market. Growing application of contact lens technology in therapeutics has also enhanced the possibilities.
Contact Lenses Market
Brown Contact Lenses
From 2022 to 2031, the market to purchase contact lenses within Asia Pacific is expected to grow at a rapid pace. Rising prevalence of eye and vision impairment disease across the entire age range is anticipated to increase the income streams. The chances for this region's market have been bolstered by rapid technological advances in contact lenses, especially those in India, Japan and China.
The North American market for contact lenses is expected to contribute a substantial part of the global market during the period of forecast. Because of the massive demand, there's been several opportunities within this market.



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