Global Ophthalmic Lens Market to Register 5.49% CAGR till 2021, States Azoth Analytics in Its Recent Report Published at MarketPublishers.com09 Mar 2017 • by Natalie Aster
LONDON – Worldwide, the ophthalmic lens market is predicted to experience healthy growth, posting a 5.49% CAGR during 2016-2021. The key market growth drivers comprise increasing incidence of refractive errors, rising global population number, ongoing technological developments in contact and spectacle lenses, significant rise in adoption of computers and smartphones, and enhancing awareness of eye health, amid others.
While contact lenses are expected to hold the lion’s share of the global ophthalmic lens market (especially in the corrective usage); spectacles are likely to keep on generating the highest revenues owing to the ease of their usage (mainly amid active aging population).
In the years ahead, the global market for ophthalmic lens is set to be dominated by developed regions. Meanwhile, the emerging economies are likely to see gradual growth owing to developing healthcare infrastructure and enhancing focus on healthcare amid the rising middle-class population.
In-demand research report “Global Ophthalmic Lens Market (Spectacle, Contact) – By Type, By Usage, By Coating, By Distribution: Opportunities and Forecasts (2016-2021)” prepared by Azoth Analytics contains an all-encompassing review of the current scenario in the world’s ophthalmic lens market. The publication comprises market segmentation analysis (by lens type, purpose, type, usage, distribution, coating, channel and region). It highlights the market performance on a global, regional and country scales. An overview of regulatory landscape, SWOT and Porter’s five forces analyses are also available in the report. Additionally, this study delves deep into the market dynamics, examines the key market growth drivers, restraints, opportunities, challenges, future possible development trends and the hottest issues. Moreover, the report covers the competitive landscape and provides relevant data on the top 10 dominant companies active in the marketplace. Future outlook for the market up till 2021 is at hand here.
For other insightful research reports prepared by Azoth Analytics, please, follow to this page.