Daily Disposable Lens Market Size, Historical Growth, Analysis, Opportunities and Forecast To 2025
Category: #business  By Partha Ray  Date: 2020-07-07
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Daily Disposable Lens Market Size, Historical Growth, Analysis, Opportunities and Forecast To 2025

According to the research report titled ‘Global Daily Disposable (DD) Lens Market - Analysis By Material (Silicone Hydrogel, Hydrogel, Hybrid), By User Preference, By Design (2020 Edition): Market Insight, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global daily disposable (DD) lens market generated revenues worth USD 4917.7 million in 2019 and is expected to grow substantially during 2020-2025.

Increased pervasiveness of chronic conditions such as diabetes and ophthalmic disease in tandem with rising geriatric population are the key factors fostering the demand for daily disposable lens across the globe. Mounting number of R&D activities among leading companies and rising adoption of sedentary lifestyle have also boosted market size. Surging investments in DD lens and growing demand for healthcare products are also stimulating the industry outlook.

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As per material type, worldwide daily disposable lens market is split into hybrid, hydrogel, and silicone hydrogel segments. According to the study, silicone hydrogel segment is anticipated to record momentous growth in the forthcoming years. This material type enables oxygen to pass through 5 times more than its counterparts.

In terms of user preference, the market is divided into low value/discount users, mainstream, and premium. On the other hand, the design landscape of daily disposable lens market includes cosmetics, multifocal, toric, and spherical segments.

Considering the geographical landscape, global DD lens market is bifurcated into North America, Asia-Pacific, and Europe with key focus on countries such as Japan, Germany, UK, Canada, and the U.S among others.

As per the report, daily disposable lens industry in North America is slated to register commendable growth in the forthcoming years. Increasing health awareness and high occurrence of astigmatism are favoring the market outlook in North America.

Alcon Industries, Bausch Health Companies Inc., The Cooper Companies, Inc. and Johnson & Johnson are the leading companies formulating the competitive terrain of global daily disposable lens market

Question & Answer: Global Daily Disposable Lens Market

Question 1: What factors are fueling the adoption of daily disposable lens?

Answer: Increased pervasiveness of chronic conditions such as diabetes and ophthalmic disease in tandem with rising geriatric population are key factors fueling the adoption of daily disposable lens across the globe.

Question 2: Why are silicone hydrogel-based daily disposable lens gaining popularity?

Answer: Silicone hydrogel-based DD lens enable oxygen to pass through 5 times more than its counterparts, which in turn is propelling the acceptance rates of the material type.

Question 3: How will North America contribute towards the growth of global daily disposable lens market?

Answer: Increasing health awareness and high occurrence of astigmatism are favoring the market outlook in North America.

Question 4: Which companies define the competitive terrain of worldwide daily disposable lens market?

Answer: Alcon Industries, Bausch Health Companies Inc., The Cooper Companies, Inc. and Johnson & Johnson are the leading companies formulating the competitive terrain in global daily disposable lens market.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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