Global Contact Lenses market will reach 11.9 Billion US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/29

The rising popularity of advanced contact lenses designed for sporting activities is prophesied to provide tailwinds to the global market. Contact lenses provide a wider field of vision and do not steam up as opposed to eyeglasses. Such useful advantages of contact lenses are expected to increase their adoption in the coming years. The aesthetic factor could also play a decisive part in pushing the demand for contact lenses. Some people give a high preference for contact lenses over eyeglasses.

However, there are some disadvantages of using contact lenses: etching and redness in the eyes, low resistance to dust, etc. If the quality of contact lenses is low, they could cause discomfort to the wearer. Furthermore, the cost of high-quality contact lenses is expensive. In addition, eyeglasses require one-time investment, whereas contact lenses are disposable. Such factors could pose a challenge to the global contact lenses market.

Between 2018 and 2025, the global contact lenses market is predicted to log at a 4.6% CAGR to earn an US$ 11.9 Bn by the end of the assessment year. In 2017, the global contact lenses market attained a valuation of US$ 8,350 Mn.

According to the report, global sales of close to a 16.7 Bn units was achieved by the contact lenses market in 2017.

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https://www.qyresearch.com/index/detail/189087/global-contact-lenses-sales-market
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