Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The "Global Soft Contact Lens Market by Design (Monovision, Multifocal, Spherical), Material (Hybrid, PMMA, Silicone Hydrogel), Product Type, Usage, Application, End Users - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The latest comprehensive research report on the Soft Contact Lens Market provides critical market insights and data for investors, industry analysts, and stakeholders. The market, which stood at USD 4.59 billion in 2023, is projected to ascend to USD 7.59 billion by 2030, marking a compound annual growth rate (CAGR) of 7.44%.
New data from the innovative research offers detailed market segmentation and coverage, revealing significant trends and opportunities within this dynamic industry. Especially noteworthy within the sector is the robust demand for silicone hydrogel soft contact lenses, as well as the rapid market expansion for daily disposable lenses.
Key Metrics and Strategic Positioning: FPNV Matrix
In-depth vendor analysis using the FPNV Positioning Matrix places vendors in four categories: Forefront, Pathfinder, Niche, and Vital. This matrix is a valuable tool for a nuanced understanding of business strategy alignment and customer satisfaction, providing a high-level strategic decision-making framework for stakeholders.
Competitive Insights and Market Share Analysis
The Market Share Analysis segment of the report delivers a detailed examination of vendor performance. Through comprehensive analyses, the report elucidates the industry's competitive nature and key market accumulation, fragmentation, dominance, and amalgamation trends, which could influence vendors' strategic planning.
Highlighted within the extensive market coverage are key company profiles that include industry leaders in contact lens innovation and production. The report studies notable developments, manufacturing capabilities, and product offerings from companies poised to make an impact on the market landscape.
Market Penetration and Prospects
- Design: The analysis explores the growth of multifocal and monovision soft contact lenses as consumer preferences evolve.
- Material Advancements: Silicone hydrogel remains a focal point as it continues to offer both comfort and breathability, contributing to its growing adoption.
- Usage Patterns: The burgeoning demand for daily disposables indicates a shift towards convenience and eye health.
- End Users: Hospital and e-commercial stores are poised for significant growth, riding on the wave of increased health awareness and online shopping convenience.
- Market Development: Coverage includes rising geographic markets such as Asia-Pacific and critical mature market segments.
Future Trends and Regulatory Landscapes
The report not only looks at current market conditions but also at emerging technology trends, regulatory frameworks, and potential R&D breakthroughs. With a focus on product development and innovation, stakeholders can anticipate future directions of the industry and adjust their strategies accordingly.
The Soft Contact Lens Market report addresses key questions on market size, segment focus, and viable strategies for market entry, painting a comprehensive picture of the industry's future. It furnishes stakeholders with an in-depth understanding of the soft contact lens landscape, enabling informed decision-making and strategic positioning for the years ahead.
This new research is a valuable strategic tool for any participant in the Soft Contact Lens Market, from manufacturers and healthcare providers to investors and industry consultants.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 191 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $4.86 Billion |
| Forecasted Market Value (USD) by 2030 | $7.59 Billion |
| Compound Annual Growth Rate | 7.4% |
| Regions Covered | Global |
Market Segmentation & Coverage
This research report categorizes the Soft Contact Lens Market to forecast the revenues and analyze trends in each of the following sub-markets:
Design
- Monovision
- Multifocal
- Spherical
Material
- Hybrid
- PMMA
- Silicone Hydrogel
Product Type
- Colored
- Daily Wear
- Extended Wear
- Toric
Usage
- Annual Disposable
- Daily Disposable
- Monthly Disposable
- Weekly Disposable
Application
- Decorative Lenses
- Orthokeratology
End Users
- E-Commercial Stores
- Hospital
- Ophthalmic Diagnosis Center
Companies Profiled
- Advanced Vision Technologies
- Appenzeller Kontaktlinsen AG
- Art Optical Contact Lens Inc.
- Bausch & Lomb Incorporated
- BenQ Corporation
- Cantor and Nissel Ltd.
- Contamac
- ECPlaza Network Inc.
- Essilor
- HOYA Corporation
- Johnson & Johnson Services, Inc.
- Medios Co.
- Menicon Co. Ltd.
- Metro Optics
- Novartis AG
- Polytouch Contact Lens Co.
- SEED Co.
- The Cooper Companies Inc.
- X-Cel Specialty Contacts
- ZEISS International
For more information about this report visit https://www.researchandmarkets.com/r/unf7ih
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