Canada News

Canadian News and
Press Release Distribution Services
Home | Submit Press Release
Unlimited Press Release Distribution
Press release distribution service

News Media

Business Vancouver
Canada News Center
Daily Herald Tribune
La Press
National Post
The Globe and Mail
The Province
The Star
The Gazette
Toronto Sun
Yahoo! Canada

Canada Business News and Press Releases

Global Contact Lenses Market industry Analysis, trends and Forecast to 2021

(EMAILWIRE.COM, December 06, 2017 ) According to the report Global Contact Lenses Market published by Market Data Forecast, the global market projected to reach USD 15.1 billion by 2021, at a CGSR of 7.60% from 2016 to 2021.

View report at

A contact lens is a thin and curved lens which is placed on the surface of the eye. They can be used for cosmetic and novelty purpose or for vision correction. Contact Lenses are medical devices, regulated by Food and Drug Administration (USA) hence requires prescription. The various types of contact lenses are Silicone Hydrogel Contact Lenses, Soft contact lenses, and Rigid Gas Permeable Contact Lenses, among others. Contact lenses come with particular wear schedules such as Extended Wear Contact Lenses and Disposable Contact Lenses. Extended Wear Contact Lenses can be worn overnight for a period ranging from 6 to 30 days, whereas Disposable Contact Lenses can be discarded after use. As contact lenses, do not contain water traces, it can withstand any deposits build up.

Download free sample report:

The growth of Contact Lenses market is majorly driven by factors such as rising public awareness, affordability, convenient to use, presence of umpteen numbers of brands, improving economy, growth in online sales, increase in disposable income, wider range of products, growth in eye disorder, 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 rise in aging population is also expected to increase 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 increase in demand for corrective eye surgery (Laser-Assisted in Situ Keratomileusis ‘LASIK’ and Photorefractive Keratectomy ‘PRK’), cut-throat competition, economic slowdown, and serious hazards of contact lenses (infections, eye dryness, itchiness in the eye, conjunctivitis, and corneal ulcer, among others).

Inquire before buying:

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.

Key Points from Table of Contents
 Overview
o Executive Summary
o Key Inferences
o New Developments
 Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
 Industry Segmentation
o Based on Material
o Based on Application
o Based on Design
 Geographical Analysis
 Pipeline Product Analysis
 Strategic Analysis
8.1 PESTLE analysis
8.2 Porter’s five analysis
 Industry Leaders' Analysis
 Competitive Landscape

The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Middle-East and Africa. North America is expected to command the major market share of 37% in 2016 followed by Europe. Asia Pacific is anticipated to be the fastest growing region for the product with a CAGR of 8.16% during the forecast period 2016-2021.

Geographical Segmentation:
 North America Contact Lenses Market
 Europe Contact Lenses Market
 Asia-pacific Contact Lenses Market
 Latin America Contact Lenses Market
 Middle East and Africa Contact Lenses Market

The key players in Global Contact Lenses Market are Johnson & Johnson (USA), Bausch & Lomb (USA), Carl Zeiss AG (Germany), CooperVision (USA), Alcon Laboratories, Inc (USA), Hydrogel Vision Corp (USA), Abbott Medical Optics, Inc. (USA), CIBA Vision (USA), Essilor International (France), and Contamac (United Kingdom).

Future trend of Contact Lenses is Smart Contact Lenses mains that a contact lens integrates a set of electronic components and forming a specific function. They may be used to monitor diabetes by measuring intraocular pressure, tear glucose, or for presbyopia and myopia control, low vision.

The Contact Lenses Market study offers the following deliverables:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of Material, Application, and Design along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

About Market Data Forecast:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit,

Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Visit MarketDataForecast Blog @
View latest Press Releases of MDF @

Market Data Forecast


+1-888- 702-9626

Source: EmailWire.Com

Canada News by Regions
  • Atlantic Canada
  • Calgary
  • Edmonton
  • Halifax
  • Montreal
  • Ottawa
  • Quebec
  • Toronto
  • Vancouver
  • Winnipeg


    Meeting and Travel
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Meetings & Travel resource center today to browse our selection of 600+ complimentary Meetings & Travel magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Group Tour Magazine
    Event Design
    Insite from Leisure Group Travel

    No credit cards, coupons, or promo codes required. Try it today! - Press release service
    Press release distribution service

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at
    Copyright 2009 GroupWeb Media LLC

    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | | i-Canada-News.Com | | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | | | | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | - I-Canada-News.Com is a news service of GroupWeb Media LLC