(MoneyNewsWire.Net, April 17, 2018 ) According to the report Europe Contact Lenses Market, published by Market Data Forecast, the market is projected to be worth USD 4.7 billion by 2022 at CAGR of 7.71% during the forecast period 2017-2022.
Contact lenses are curved and thin lenses which are used for vision correction. They can also be used for aesthetic purposes and come in different materials. It is a medical device regulated by FDA which requires prescription.
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Europe Contact Lenses Market: Drivers & Restraints Growing and improved economy, rise in the aging population, affordable cost coupled with umpteen range to choose from are driving the market growth. Increasing number of cases of vision defects and rise in the demand for electronic screens are propelling the market growth. Cut throat competition, increased demand for LASIK and PRK and various side effects of wearing contact lenses are restraining the market growth.
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Europe Contact Lenses Market: Segmentation By material • Soft contact lenses • Silicone hydrogel lenses • Rigid gas permeable contact lenses • Hybrid contact lenses • Polymethyl Methacrylate Contact lenses By application • Therapeutic contact lenses • Cosmetic contact lenses • Others By design • Spherical • Bifocal • Orthokeratology • Toric By Geography • Europe o U.K o Spain o Germany o Italy o France
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Europe Contact Lenses Market: Overview Europe is the second largest market for contact lenses due to increased focus on R&D and various contact lenses manufactures coming up with a variety of products.
Europe Contact Lenses Market: Key Players The Biochips market is highly competitive with a large number of players. Some of the major Companies are Abbott Medical Optics, Inc. (USA), Alcon Laboratories, Inc (USA), Carl Zeiss AG (Germany), Johnson & Johnson (USA), Bausch & Lomb (USA), CooperVision (USA), Hydrogel Vision Corp (USA), CIBA Vision (USA), Essilor International (France), and Contamac (United Kingdom).
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