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Cosmetic Contact Lens Market Overview with Detailed Analysis, Competitive landscape, Forecast to 2024

Author : Rahul Varpe | Published Date : 2019-08-22 

Global Market Insights, Inc present the report on global Cosmetic Contact Lens Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2019-2024.

Europe cosmetic contact lens market accounted for over USD 160 million in 2017. This can be credited to the prevalence of apparel & fashion sector in Germany, France and UK. Major fashion hub for movie actors, singers, and models coupled with a significant music videos influence will stimulate cosmetic contact lens market growth. Shifting consumer trends towards fashion consciousness among young owing to the maintaining of social status will fuel the overall business expansion across the region.

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Shifting consumer fashion trends towards adoption of colored contact lenses will promulgate the industry growth. Upsurge in the popularity of products equipped with desirable customization & various attractive shades, textures, and colors for enhancement of eye appearance will propel the industry landscape. Substantial increase in the prevalence of online media, entertainment, and social media platforms will significantly drive the cosmetic contact lens market share from 2018 to 2024.

Inclining consumer preferences towards eye color enhancement for improving overall appearance particularly in the fashion industry will be an impetus for the cosmetic contact lens market growth. Decorative contact lenses provide significant fashion style due to the addition of distinctive visual features. High usage of colored cosmetic lenses among the potential consumers including models, movie stars, and sports athletes will boost the product portfolio.

Rapid technological advancements and increasing R&D investments by the potential manufacturers will drive the cosmetic contact lens market. Key features such as tiny colored lines and dots in various contact lenses will enhance the business growth. Wide color range availaibility such as hazel, blue, green, brown, violet, amethyst, and grey will further surge the industry growth.

Cosmetic Contact Lenses Market By Design

  • Spherical
  • Toric
  • Bifocal and Multifocal
  • Others

Cosmetic Contact Lenses Market By Usage

  • Daily Disposable
  • Weekly Disposable
  • Monthly Disposable
  • Annual

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Circle cosmetic contact lens market was valued at over USD 600 million in 2017. The product is used as a decorative lens that enlarges the eye size of the consumer. Increasing product demand in Japan, South Korea, and China owing to the high prevalence of manga & anime trends among youth will augment cosmetic contact lens market growth.

Asia Pacific cosmetic contact lens market is anticipated to witness growth at over 6% from 2018 to 2024. High product adoption rate in Japan, South Korea, and China owing to the high student population will propel the industry landscape. Increasing spherical cosmetic contact lens demand will be an impetus for the business expansion. Surging product penetration in the entertainment industry will drive the regional growth.

Key players in cosmetic contact lens market includes Novartis, Johnson and Johnson, Ciba Vision, Cooper Vision, Bausch & Lomb (Valeant Pharmaceuticals). Other prominent companies include InnoVision, Grand Vision, Qualimed, Metro Optics, and Lagado Corporation. Mergers and acquisitions along with significant joint ventures & strategic alliances are among the key strategies that will proliferate the product portfolio.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Read more - https://medium.com/market-news-forecast/global-crane-market-trends-2019-25-by-top-manufacturers-konecranes-terex-corporation-xcmg-group-80967674923 

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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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