Market Insights Report
In 2023, the revenue of the Contact Lenses segment worldwide is expected to reach US$18.35bn.According to the projected Compound Annual Growth Rate (CAGR) of 4.31% from 2023 to 2027, the market is anticipated to grow steadily.A significant portion of the revenue in the Contact Lenses segment is generated in the United States, with an estimated revenue of US$5,762.00m in 2023.This report from the series of Consumer Market Insights segment reports gives an overview of the Contact Lenses market from an international perspective.
What's included?
The segment Contact Lenses comprises all kinds of contact lenses that are worn to correct vision. This includes both rigid and soft lenses (daily, weekly, monthly, yearly lenses). Excluded are contact lens care products. The expected growth has several reasons: On the one hand, glasses are no longer worn just for vision correction, but have become a kind of fashion accessory. On the other hand, living standards are rising and people tend to own a combination of contact lenses and several glasses or frames to switch in order to comply with latest fashion. Moreover, as there is an increasing number of online shops, shopping for glasses has become quicker and more convenient. This report from the series of Consumer Market Insights segment reports gives an overview of the Contact Lenses market from an international perspective.
Overview
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