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Cosmetic Contact Lens Market to witness remarkable proceeds over 2019-2024, global industry valuation to exceed USD 1.3 Bn by 2024

Author : Rahul Varpe | Published Date : 2019-03-26 

Growing usage in entertainment sector is expected to boost cosmetic contact lens market size. These lenses are primarily utilized in the entertainment industry owing to the need for more dramatic makeup. Increasing customer inclination towards colored contact lenses will further drive the segment demand. Growing disposable incomes encourages consumer purchasing power on lifestyle products, thus supporting the contact lenses demand.

Having gathered some considerable remuneration potential over the recent years, cosmetic contact lens market has registered itself as one of the most prominent and lucrative investment spots of the overall advanced materials industry.

Historically, contact lenses were regarded as a way toward better quality of life without the need for glasses, and despite being registred as a medical device, it’s use has seen immense demand from the cosmetic industry. Changing preference to enhance eye colors and overall facial look, especially among the television actors, movie stars, models as well as sports athletes have significantly impacted the growth prospectes of cosmetic contact lens market.

To access a sample copy or view the Cosmetic Contact Lens Market report in detail along with the table of contents, please click the link below: www.gminsights.com/request-sample/detail/280

According to a report by the Centers for Disease Control & Prevention, an estimated of 45 million people in the United States wear contact lens, and two-thirds of these wearers are females who are relatively young. Colored contact lens in this regard, are by far one of the leading modalities used for daily purpose, and several companies are expected to invest in this field in the years ahead.

Report Metric  

  • Market Size available for years:  2018-2024
     
  • Base year considered:    2017
     
  • Forecast period:               2019–2024
     
  • Forecast Value: 1.3 bn (USD)
     
  • Segments covered:         Product, Type, Distribution Channel, Design, Usage, Regional Outlook
     
  • Geographies covered:   North America, Europe, Asia Pacific, Latin America, Middle East & Africa
     
  • Companies covered:        CooperVision, Johnson & Johnson Vision Care, CIBA Vision, Bausch & Lomb, GrandVision, InnoVision Co Ltd, Novartis, QualiMed, Viewell Inc., Lagado Corp.,  Metro Optics, Maxvue Vision

Alcon, for instance, an acclaimed cosmetic contact lens market player has recently introduced the AIR OPTIX® COLORS Contact Lenses Gemstone Collection, further strengthening its presence in the cosmetic contact lens market. Reportedly, its Gemstone Collection of contact lenses, including colors Amethyst, Turquoise, and True Sapphire is effectively offering consumers new color palette while also providing them with more ways to experiment and play with their eye color to enhance their look.

Not only for the cosmetic reasons, the colored contact lenes have also gained significant traction for patients suffering from ocular trauma. These lens helps provide more natural appreance to an otherwise damaged iris. The prosthetic colored contact lenses, are available in toric and spheric models and can provide significant benefits for patients in addition to vision correction.

Major brands in the industry are offering multiple choice of colors comprising green, shades of blue hues, violet, hazel, grey, and amethyst to attract the niche market. Estimates claim that with further technological advancements in textures and tiny colored dots & line products, the colored cosmetic contact lens market is projected to register a y-o-y growth of 7% over 2018-2024.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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