Pune, India, Sept. 06, 2022 (GLOBE NEWSWIRE) — The Contact Lenses Market Size amounted to US$9.48 billion in 2021 and is projected to grow from US$9.94 billion in 2022 to US$14.80 billion in 2029, showing a CAGR of 5.9% during the forecast period 2022-2029. The increasing investments in these lenses are a result of the increasing demand for the product worldwide. The presence of several major manufacturers in this sector will have a massive impact on the growth of the market.
Industry Developments:
January 2022 – Alcon announced the launch of Dailies TOTAL1 in the US for patients with astigmatism. The first water gradient lens was launched to provide patients with a comfortable fit.
April 2021 – EssilorLuxottica announced the acquisition of GrandVision, an optician retail chain with more than 350 stores across Europe.
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Report scope:
| report coverage | details |
| forecast period | 2022 to 2029 |
| Forecast period 2022 to 2029 CAGR | 5.9% |
| Value prognosis 2029 | $14.80 billion |
| base year | 2021 |
| Market size in 2022 | $9.94 billion |
| Historical data for | 2018 to 2020 |
| number of pages | 132 |
Drop in Contact Lens Sales During Covid-19 Pandemic Impacts Market Growth
The recent outbreak of the coronavirus has created a sense of panic around the world. Efforts being made to stem the spread of the disease have had an adverse impact on several businesses around the world. The drop in contact lens sales during the pandemic is a result of strict measures taken to contain the spread of the disease. However, online commerce and business options will provide alternative avenues for businesses.
Contact lenses are widely used around the world due to the increasing number of eye diseases around the world. The progress and efforts of big companies around the world will have a massive impact on the growth of the whole contact lenses…
