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Posted by Poddar College on September 11, 2024 at 1:39am 0 Comments 0 Likes
Mathematics graduates are versatile and can find opportunities in many other industries as well, depending on their specific interests and areas of expertise. The strong analytical and problem-solving skills acquired through a Mathematics degree make graduates highly adaptable and valuable in today's data-driven world.
Market Research Analyst
As a market researcher for a company, you gather data from customers and competitors, assist in developing goals and strategies, improve your…
Posted by agnes8guy on September 11, 2024 at 1:38am 0 Comments 0 Likes
The global contact lenses market size is projected to reach USD 12.05 billion by 2026, exhibiting a CAGR of 4.8% during the forecast period. However, the market was worth USD 8.35 billion in 2018. This information is published in a recent report by Fortune Business Insights, titled, “Contact Lenses Market Size, Share & Industry Analysis, By Modality (Reusable and Disposable), By Design (Toric, Multi-Focal, and Spherical), By Distribution Channel (Retail Stores, Online Stores, and Ophthalmologists), and Regional Forecast, 2019-2026.” As per the report, rising per capita healthcare expenditure and increasing incidence of astigmatism and myopia are expected to affect the market positively.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/contact-le...
Rising Prevalence of Ocular Disorders to Augment Market Growth
The World Health Organization (WHO) stated that approximately 1.7 million people are affected by presbyopia and around 153 million people reside with uncorrected refractive errors around the world. A rising prevalence of presbyopia worldwide is one of the main factors propeling the contact lenses market growth in the coming years. Also, many people are affected by ocular disorders, which in turn, is expected to boost growth of the market.
Spherical Segment to Dominate the Market Backed by High Prescriptions
In terms of design, the market is segregated into spherical, multifocal, and toric. Out of these, the spherical segment had generated 65.8% contact lenses market share in 2018 and was in the leading position. It occurred because these lenses are highly recommended by doctors for correcting ocular disorders. The toric segment, on the other hand, is anticipated to showcase considerable growth owing to its possession of numerous advantages, such as greater lens-to-lens reproducibility, easier fitting protocol, and better stabilization design. Lastly, the multifocal segment would expand at faster pace in the near future due to growing awareness and increasing new product launches.
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