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Global Contact Lenses & Intraocular Lenses Market is Forecast to Reach US$ 20,050.9 Million by 2019; CAGR of 8.4% from 2015 to 2019

SA-BRC announces the release of its report on "Global Contact Lenses & Intraocular Lenses Market Assessment & Forecast 2015 - 2019." Global intraocular lenses market was valued at US$ 3,886.3 million in 2014 and is expected to grow to US$ 5,643.4 million by 2019 at a CAGR of 7.6% from 2015 to 2019.

Houston, TX, March 21, 2016 --( This SA-BRC report covers qualitative and quantitative analysis of major commercial segments segregated by optical designs of contact lenses such as spherical, toric, multi-focal, ortho-K, cosmetic or colored lenses among others. It also sheds qualitative and quantitative insight into the market of intraocular lenses by optical design such as phakic, toric, accommodating, multi-focal and spherical. A section of the report delves into the material characteristics of contact lenses such as RGP lenses, soft hydrogel and silicone hydrogel lenses. Latter sections of the report focus on the trends and dynamics of the market in terms of competitor analysis. The introduction of contact and intraocular lens to patients has conventionally been focused on treating vision impairment. However in recent years contact lenses in particular continue to grow, the demand stemming from rising therapeutic applications such as ocular and corneal protection, pain relief and to make cosmetic changes.

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The report includes an in-depth market share analysis for both segments (Contact Lenses and Intraocular Lenses) by key players. The analysis takes into consideration over 30 major players operating across the world such as Abbott Laboratories, Alcon (Novartis), Bausch + Lomb (Valeant), Johnson & Johnson, STAAR Surgical, Carl Zeiss, Rayner, CooperVision, Morcher GmbH, USIOL, Menicon Group, OPHTEC BV, VSY Biotechnology, Innovega, Aurolab, Eagle Optics, Essilor, PhysIOL, The Human Optics, Hoya Corporation, Oculentis, EyeKon, All Pro Intraocular Lens Co Ltd and many more. The contact lenses market has observed a large number of entrants in recent years owing to increasing demand from developed countries and a growing market in emerging regions such as Asia-Pacific and Latin America. Brand quality and performance is of utmost importance to most people when it comes to vision and top players continue to lead the market in both categories.

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Women outnumber men in contact lens wear with a ratio of 3:1 and almost exclusively wear customized aesthetic or cosmetic lenses. Growth in demand among younger age-groups continues as children wish to escape peer pressure of wearing glasses in public. In countries such as Japan, an emerging trend has been the demand for larger iris size in Plano contact lens. One of the largest factors driving the demand and changing trend of the market is the ease of purchase offered through e-commerce websites and online shopping. SA-BRC survey of over 2000 lens wearers indicated more than 30% growth in online purchase of lenses in parts of Europe, United States and Asia. In the near future, this segment of lenses is anticipated to grow in demand particularly as LASIK is observed to show stagnancy. The price of LASIK surgeries has compelled cataract patients to opt for lens implantation. Analysts suggest that LASIK may never reach the potential that was first thought when the technology came into commercial ophthalmic use. Elenza’s Sapphire promises to become one of the most advanced imaging technologies for vision impaired patients and scientists predict that superhuman vision may not be far behind now.
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