North America Contact Lenses Market Will Continue to Grow at 7.45% CAGR by 2021.

(EMAILWIRE.COM, April 07, 2017 ) Market Data Forecast recently published a report on the North America Contact Lenses Market which estimates the market to grow from USD 3.9 billion from 2016 to USD 5.6 billion by 2021 with a high CAGR of 7.45%.

For full report refer to http://www.marketdataforecast.com/market-reports/north-america-contact-lenses-market-1698/

A contact lens is a thin and curved lens which is placed on the surface of the eye. They can be used for vision correction or for novelty and cosmetic purpose. Contact Lenses are medical devices, regulated by Food and Drug Administration (USA) hence requires prescription. The various types of contact lenses are Soft contact lenses, Silicone Rigid Gas Permeable Contact Lenses, and Hydrogel Contact Lenses, among others.

Free sample of the report is available at http://www.marketdataforecast.com/market-reports/north-america-contact-lenses-market-1698/request-sample

The growth of Contact Lenses market is majorly driven by factors such as wider range of products, affordability, comfortability, convenience to use, presence of umpteen numbers of brands, and consumers’ preference for lenses over glasses. Additionally, consumer group, specifically youngsters are drawn towards cosmetic lenses to improve their appearance, thereby spurring up the demand for the product. The advanced technology in contact lenses made it possible for people suffering from astigmatism and presbyopia to opt for contact lenses, thereby spiking the demand for the product. The key constraints of the market are cut-throat competition, increase in demand for corrective eye surgery (Laser-Assisted in Situ Keratomileusis ‘LASIK’ and Photorefractive Keratectomy ‘PRK’), and serious hazards of contact lenses (infections, conjunctivitis, itchiness in the eye, eye dryness, and corneal ulcer, among others).

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The products are segmented based on Material, Application, and Design and studied for a deep-level understanding of the Contact Lenses Market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.

Based on Material:
• Introduction
• Soft Contact Lenses
• Silicone Hydrogel Lenses
• Rigid Gas Permeable (RGP) Contact Lenses
• Hybrid Contact Lenses
• Polymethyl Methacrylate (PMMA) Contact Lenses
• Y-o-Y Growth Analysis, By Product
• Market Attractiveness Analysis, By Product
• Market Share Analysis, By Product
Based on Application:
• Introduction
• Therapeutic Contact Lenses
• Cosmetic Contact Lenses
• Others
• Y-o-Y Growth Analysis, By Type
• Market Attractiveness Analysis, By Type
• Market Share Analysis, By Type
Based on Design:
• Introduction
• Spherical
• Bifocal
• Orthokeratology
• Toric
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application

Enquire more about the report at http://www.marketdataforecast.com/market-reports/north-america-contact-lenses-market-1698/inquire

North America is presently the dominant region for the contact lenses market, accounting for a share of over 30% in the global market in 2015. The North America market is geographically segmented into United States and Canada.

The major companies dominating the North America Contact Lenses Drugs market are Johnson & Johnson (USA), CooperVision (USA), Abbott Medical Optics, Inc. (USA), Alcon Laboratories, Inc (USA), Bausch & Lomb (USA), Carl Zeiss AG (Germany), CIBA Vision (USA), Essilor International (France), Hydrogel Vision Corp (USA), and Contamac (United Kingdom).

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Future trend of Contact Lenses is Smart Contact Lenses mains that a contact lens integrates a set of electronic components and formed a specific function. They may be used to monitor diabetes by measuring tear glucose, intraocular pressure, or for presbyopia and myopia control, low vision.
Scope of the North America Contact Lenses Market:
• Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region
• To detect major focus areas of industrial growth Segment-level analysis on basis of Material, Application, and Design along with market size forecasts and y-o-y estimations are provided
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few.
• An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape
• Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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