Global Market Insights, Inc.

Cosmetic Contact Lens Market Regional Growth & Forecast 2018-2024 by Top Manufacturers – CooperVision, Valeant Pharmaceuticals, Ciba Vision, Bausch + Lomb, Novartis

Cosmetic Contact Lens Market from Online stores distribution channel segment is expected to account for over 20% revenue share by 2024.

 

Sellbyville, DE -- (SBWIRE) -- 11/15/2018 -- Cosmetic Contact Lens Market from Spherical design segment will grow at over 6.5% from 2018 to 2024 owing to factors such as enhanced clarity in vision and correction of conditions such as nearsightedness & farsightedness. These product designs offer high level of comfort and customization which further support the business growth.

Online stores distribution channel segment is expected to account for over 20% revenue share by 2024. These stores provide products at lower prices along with on-time delivery which will foster new opportunities for the industry growth.

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Cosmetic Contact Lenses Market size is set to exceed USD 1.3 billion by 2024; according to a new research report by Global Market Insights, Inc. Growing usage in entertainment sector is expected to boost cosmetic contact lens market size. These lenses are primarily utilized in the entertainment industry owing to the need for more dramatic makeup. Increasing customer inclination towards colored contact lenses will further drive the segment demand. Growing disposable incomes encourages consumer purchasing power on lifestyle products, thus supporting the contact lenses demand.

Surging penetration through online medium coupled with the relaxation in regulatory approval is expected to boost cosmetic contact lens market size. The FDA characterizes these products under the medical devices category and mandated prescription for purchase A noteworthy upturn in light of swelling demand for altering the aesthetic appearance and growing disposable income are the supporting factors driving the market growth.

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Having gathered some considerable remuneration potential over the recent years, cosmetic contact lens market has registered itself as one of the most prominent and lucrative investment spots of the overall advanced materials industry. Historically, contact lenses were regarded as a way toward better quality of life without the need for glasses, and despite being registred as a medical device, it's use has seen immense demand from the cosmetic industry. Changing preference to enhance eye colors and overall facial look, especially among the television actors, movie stars, models as well as sports athletes have significantly impacted the growth prospectes of cosmetic contact lens market.

According to a report by the Centers for Disease Control & Prevention, an estimated of 45 million people in the United States wear contact lens, and two-thirds of these wearers are females who are relatively young. Colored contact lens in this regard, are by far one of the leading modalities used for daily purpose, and several companies are expected to invest in this field in the years ahead.

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Alcon, for instance, an acclaimed cosmetic contact lens market player has recently introduced the AIR OPTIX® COLORS Contact Lenses Gemstone Collection, further strengthening its presence in the cosmetic contact lens market. Reportedly, its Gemstone Collection of contact lenses, including colors Amethyst, Turquoise, and True Sapphire is effectively offering consumers new color palette while also providing them with more ways to experiment and play with their eye color to enhance their look.

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.