According to a recently published report, the Contact Lens Technology Market is expected to grow at the CAGR of 10.6% during 2015-2022. The global Contact lens technology market is segmented on the basis of age, characteristic, design, application and geography. The report on global contact lens technology market forecast, 2015-2022 (by age, characteristic, design, application and geography) provides detailed overview and predictive analysis of the market.
There are many factors driving the market such as increasing trend of using contact lenses, increasing utility of contact lenses such as in case of corrective lenses, therapeutic lenses, cosmetic lenses, life-style oriented contact lenses etc. Other factors driving the market are continuous research and development and advent of various technologies such as injection molding, laser cutting etc.
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Some of the factors restraining the market are higher risk of corneal ulcers and eye infections. The contact lenses are still not preferred commonly due to inconvenience of usage and cleaning. Effective and growing substitutes such as surgery and stylish glasses are posing significant challenge to the contact lenses market. Some of the major players of the industry are Abbott Medical Optics, Inc., Alcon Laboratories, Inc., Eagle Optics Pvt., Ltd., Johnson & Johnson etc.
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Scope of the report
1. Global Contact lens technology market by age, 2012 – 2022 ($ billion)
1.1. Under the age of 18
1.2. Aged 18 to 29
1.3. Aged 30 to 39
1.4. Aged 40 to 54
1.5. Older than 54 years of age
2. Global Contact lens technology market by characteristics, 2012 – 2022 ($ billion)
2.1. Gas permeable contact lenses
2.2. Soft contact lenses
2.2.1. Daily disposable/Single use
2.2.2. Weekly replacement soft lenses
2.2.3. monthly replacement
2.2.4. Extended wear/sleep-in lenses
2.2.5. Annual replacement
2.2.6. Unplanned replacement schedule
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