Robust Growth Projected in the US & Europe Contact Lenses Market, The US Set to Take the Lead with a Projected Revenue of $4.38 Billion by 2028 – Arizton

Arizton provides an in-depth market insights report on the US contact lenses market and Europe contact lenses market.  

Arizton provides information on the industry's key issues, existing market landscape, regulatory concerns, risks & opportunities, technology evolution, and future commercial potential. These reports provide a comprehensive and current market scenario of the contact lenses market across various regions, including market size, anticipated market forecast, relevant market segmentations, and industry trends. 

Major Players Shaping Unique Strategies to Fuel Growth in the US Contact Lenses Market 

The US contact lenses market will reach $4.38 billion by 2028, growing at a CAGR of 5.48%.  

To Get a Glimpse of the Market, Download the Free Sample Report: https://www.focusreports.store/request-sample/united-states-contact-lenses-market-focused-insights 

Major market players are adopting unique strategies for developing the US contact lens market. In April 2021, Johnson & Johnson Vision partnered strategically with Menicon. The collaboration is part of a broader commitment from Johnson & Johnson's Vision to lead with science and bring forward a novel portfolio of products and services to manage the progression of myopia in children. As a result, this factor is creating lucrative opportunities for the growth of the US contact lens market. The US contact lens market is highly competitive. With growing technological innovations, various small and mid-sized companies are entering the market to expand their presence in this growing market. Combined with this, the emphasis on developing and discovering new products has helped garner a high customer base for the key players. Competition in the US contact lens market is intense, with several global players offering diverse products. Some companies dominating the US contact lenses market include Johnson & Johnson Vision, Alcon, CooperCompanies, Bausch+Lomb, and Carl Zeiss Meditec. The major players focus on strategic acquisitions, licensing, and collaboration agreements with emerging players to enter the US contact lenses market and gain access to commercially launched products. For instance, in 2019, Mark'Ennovy Personalized Care, S.L announced its collaboration with Capricornia Contact Lens Pty Ltd. With this collaboration, Mark'Ennovy is expected to strengthen its customer care, distribution, and logistics.  

The spherical contact lenses segment accounted for the highest share of 68.81% in 2022 and is projected to grow at the highest CAGR of 4.61% during 2022-2028. The increasing demand for spherical contact lenses is due to the number of chronic eye conditions, increased preference for contact lenses, and rise in the geriatric population. 

Key Questions Answered in the Report: 

• What was the value of the U.S. contact lenses market in 2022? 
• What is the projected market value for U.S. contact lenses by 2028? 
• Which type of contact lens currently dominates the market in terms of application? 
• Why are spherical contact lenses becoming more popular? 

Rising Prevalence of Eye Disorders and Collaborations Booming the Growth of Europe Contact Lenses Market 

The Europe contact lenses market to reach $3.03 billion by 2028, growing at a CAGR of 5.26%. 

To Get a Glimpse of the Market, Download the Free Sample Report: https://www.focusreports.store/request-sample/europe-contact-lenses-market-focused-insights 

The huge prevalence of eye disorders contributes to the growth of the market studied. For instance, according to the European Blind Union, there are over 30 million visually impaired people in Europe. Such a prevalence of vision-related disorders is expected to create demand for corrective contact lenses and drive the growth of the market studied in this region. 

The rising number of collaborations & acquisitions of these stores by market players is predicted to expand the chain of these stores. For instance, in 2020, Menicon acquired shares of a contract retail outlet. The acquisition aimed to expand the penetration of the company’s products in the market through retail channels. The larger share of retail stores can be attributed to rising disposable incomes and the demand for cosmetic contact lenses. Moreover, these stores dispense OTC daily wear disposable contact lenses, resulting in a higher sales volume. Additionally, the strong growth of retail pharmacies in developed countries enhances the development of this segment. 

Key Questions Answered in the Report 

• What was the valuation of the Europe contact lenses market in 2022? 
• Which usage type segment held the highest share in the Europe contact lenses market? 
• What is the projected market value for the Europe contact lenses market by 2028, and what growth rate is expected during this period? 
• Who are some of the leading players dominating the Europe contact lenses market? 

Market Segmentation 

Application (Corrective, Therapeutic and Cosmetic), Design type (Spherical, Toric, and Multifocal), Usage type (Daily Disposable and Frequent Replacement), Distribution type (Retail Stores, Hospitals & Eye Care Centers, and Online), Material type (Silicone Hydrogels, Hydrogels and Others) 

About Focused Reports by Arizton 

Welcome to Focused Reports, an esteemed Arizton Advisory & Intelligence subsidiary committed to delivering precise and insightful market research reports across all key geographies. Our unique selling proposition lies in our affordable pricing, accurate data, in-depth research, and presentation-ready reports. With us, expensive market research is a thing of the past. We aim to be strategic, providing valuable data. Focus Reports is where folks come to name their ideas, create a compelling brand and a great-looking website, and attract customers with digital and social marketing. 

Contact Us: 

Call: +1-312-235-2040 

+1 302 469 0707 

Mail: enquiry@focusreports.com 

Website: https://www.focusreports.store/