As per current published report by Markntel Advisors the US Contact Lenses Market is estimated to grow at a CAGR of around 5.3% during the forecast period, i.e., 2023-28. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Key Driver: Increasing Population of Lens Wearers in The United States
Gradually more Americans will probably start wearing lenses. In the United States, 31 million people used contact lenses in 2021, according to research from the US Environmental Protection Agency. The expansion of the US market is predicted to be supported by the rising number of consumers, owing to the shift in consumer preference toward eyeglasses.
The US Contact Lenses Market has segmented the market into the following categories:
By Material Type
(Soft Contact Lenses (Silicone Hydrogel, Hydrogel), Hard Contact Lenses (Rigid Gas-Permeable Lenses (RGP), Polymethyl Methacrylate (PMMA), Hybrid Contact Lenses)),
By Design
(Spherical, Toric, Multifocal, Others (Monovision, Color lenses, etc.)),
By Usability
(Reusable, Disposable),
By Application
(Cosmetics, Corrective, Others (Prosthetic, Orthokeratology, etc.))
By Sales Channel
(Offline (Optical Stores, Hospital & Clinics, Others (Pharmacies, Beauty Centres, etc.)), Online (Company-owned Portals, E-commerce Platforms)
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By Region
– North East
– Mid-West
– West
– South
Competitive Environment Featuring Key Players:
Alcon Laboratories Inc., Bausch + Lomb, Carl Zeiss AG, CIBA Vision, Contamac US Inc., CooperVision, Essilor of America, Inc., Hydrogel Vision Corp., Johnson & Johnson, Microport Scientific Corporation, Others
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-Market segmentation based on both economic and non-economic characteristics, analyzed both qualitatively and quantitatively
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-A geographical analysis that shows how the product or service is used in each area and what factors are influencing the market in that particular area
-Comprehensive company profiles for the main market players that include a company overview, company insights, product benchmarking, and SWOT analysis
-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter’s Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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