(Health-NewsWire.Net, April 07, 2017 ) As per the syndicated report published by Market Data Forecast Europe Contact Lenses which is estimated to to reach USD 4.7 billion by 2021 from USD 3.2 billion in 2016, growing at a CAGR of 7.71% during the forecast period, 2016-2021.
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It can attribute to the factors such as improving economy, availability of better quality of products, wider range of products, affordability, convenient to use, and presence of umpteen numbers of brands. The increase in aging population is also expected to raise the demand for the product. Furthermore, the growing use of electronic devices with screens, the number of people suffering from vision issues have gone up significantly which is likely to boost the demand for the product. The key restraints of the market are increase in demand for corrective eye surgery (Laser-Assisted in Situ Keratomileusis LASIK and Photorefractive Keratectomy PRK), cut-throat competition, and serious hazards of contact lenses (infections, conjunctivitis, and corneal ulcer, itchiness in the eye, eye dryness, among others).
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A contact lens is a thin and curved lens which is placed on the surface of the eye. They can be used for vision correction or for novelty or cosmetic purpose. Europe Contact Lenses Market are medical devices, regulated by Food and Drug Administration (USA) hence requires prescription. The various types of contact lenses are Rigid Gas Permeable Contact Lenses, Soft contact lenses, and Silicone Hydrogel Contact Lenses, among others.
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Europe Contact Lenses Market is segmented based on Material, Application, and Design as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Based on Material: Introduction Soft Contact Lenses Silicone Hydrogel Lenses Rigid Gas Permeable (RGP) Contact Lenses Hybrid Contact Lenses Polymethyl Methacrylate (PMMA) Contact Lenses Y-o-Y Growth Analysis, By Product Market Attractiveness Analysis, By Product Market Share Analysis, By Product Based on Application: Introduction Therapeutic Contact Lenses Cosmetic Contact Lenses Others Y-o-Y Growth Analysis, By Type Market Attractiveness Analysis, By Type Market Share Analysis, By Type Based on Design: Introduction Spherical Bifocal Orthokeratology Toric Y-o-Y Growth Analysis, By Application Market Attractiveness Analysis, By Application Market Share Analysis, By Application
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The European market is geographically segmented into United Kingdom, Spain, Germany, Italy, and France.
The key players in Europe Contact Lenses Market are Johnson & Johnson (USA), Carl Zeiss AG (Germany), CIBA Vision (USA), Bausch & Lomb (USA), Hydrogel Vision Corp (USA), Abbott Medical Optics, Inc. (USA), Alcon Laboratories, Inc (USA), CooperVision (USA), Essilor International (France), and Contamac (United Kingdom).
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Future trend of Contact Lenses is Smart Contact Lenses mains that a contact lens integrates a set of electronic components and formed a specific function. They may be used to monitor diabetes by measuring tear glucose, intraocular pressure, or for myopia control and presbyopia, low vision.
The Contact Lenses Market study offers the following deliverables: Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market Checkout other related studies in the Medical Devices Segment:
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