Home > Consumer Goods & Services > Personal Care > Eyewear > Contact Lenses Market
Contact Lenses Market size is estimated to grow at a CAGR of over 6% through 2025 with the shipped volume of around 1,000 million units from 2019 to 2025. The growing prevalence of chronic eye diseases and the increase in the number of children suffering from myopia, driven by Demographic factors including the aging population, growing urbanization, and rise in diabetic incidences are anticipated to fuel the market growth.
Consumers’ preference for high-quality products is also enabling companies to invest in the research & development of innovative smart lenses. Growing disposable income and an increase in the standard of living enable the young population to wear cosmetic lenses. Growing investments in logistics & warehouses facilities coupled with the expansion in the overall e-commerce business are also helping in the rising product demand over the forecast timeframe.
Report Attribute | Details |
---|---|
Base Year: | 2018 |
Contact Lenses Market Size in 2018: | 9 Billion (USD) |
Forecast Period: | 2019 to 2025 |
Forecast Period 2019 to 2025 CAGR: | 6% |
2025 Value Projection: | 14 Billion (USD) |
Historical Data for: | 2014 to 2018 |
No. of Pages: | 553 |
Tables, Charts & Figures: | 1,346 |
Segments covered: | Type, Material, Distribution Channel, Design, Product and Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|