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© 2018 Global Market Insights, Inc. USA. All Rights Reserved Cosmetic Contact Lenses Market Update, Analysis, Forecast, 2018 – 2024.

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Presentation on theme: "© 2018 Global Market Insights, Inc. USA. All Rights Reserved Cosmetic Contact Lenses Market Update, Analysis, Forecast, 2018 – 2024."— Presentation transcript:

1 © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Cosmetic Contact Lenses Market Update, Analysis, Forecast, 2018 – 2024

2 Global Market Scenario of Cosmetic Contact Lenses Industry  Cosmetic Contact Lenses Market from 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. Cosmetic Contact Lenses Market  Cosmetic Contact Lenses Market size is set to exceed USD 1.3 billion by 2024. 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. © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

3  The increasing acceptance of corrective LASIK surgery is expected to negatively affect the market size. Additionally, an increase in the overall geriatric population along with occurrences of visual inaccuracies will further hinder the industry growth.  Circle product segment accounted for over 70% revenue share in 2017 owing to the availability of diverse designs coupled with its ability to blend in naturally with the usual appearance of eyes. This segment has gained tremendous popularity over the last few years among the teens and young adults’ population.  RGP segment will witness significant gains at approximately 6% over the forecast period. This can be attributed to associated benefits such as high oxygen permeability, sharp vision, durability, and cost-effectiveness. Other noticeable factors include moving capacity, smooth surface, and ability to maintain shape are fueling the business growth. Continue:- © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

4 Request for sample copy of this research report@ https://bit.ly/2DVoGXA https://bit.ly/2DVoGXA

5  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.  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.  Asia Pacific cosmetic contact lenses market accounted for over 70% of revenue share in 2017, owing to growing acceptance by the image-conscious population to cope up with the current fashion trends. Major countries including China, Japan, and Taiwan are contributing primarily towards the regional industry expansion. 360° Industry Analysis © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Request for customization: https://www.gminsights.com/roc/280 https://www.gminsights.com/roc/280

6 © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Industry Background Complete table of contents@ https://bit.ly/2NlWPiW https://bit.ly/2NlWPiW

7 Competitive Analysis:  Global cosmetic contact lens market share is moderately consolidated with top four players accounting for 57% of the industry share in 2017. Johnson & Johnson, Novartis, Cooper Vision, Bausch & Lomb (Valeant Pharmaceuticals), Ciba Vision are among the major industry players with significant market shares. The global market also consists of several regional players mainly including Asian manufacturers contributing to fragmented share.  Other notable players include Grand Vision, Lagado Corporation, InnoVision, Qualimed and Metro Optics. Mergers & acquisitions, production capacity expansions, innovations, joint ventures and supply agreements are among the strategies adopted by industry participants. For instance, in December 2017, Cooper Vision acquired Paragon Vision Sciences an U.S. based specialty contact lens company to strengthen its foothold in the industry. © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Make An Inquiry For Purchasing This Report @ https://bit.ly/2Nxv9rB https://bit.ly/2Nxv9rB

8 Latest Research Report On Cosmetic Contact Lenses Market @ https://bit.ly/2uCVKN3 https://bit.ly/2uCVKN3 Request for sample of this research report@ https://bit.ly/2DVoGXA https://bit.ly/2DVoGXA Request for customization: https://bit.ly/2yctkdK https://bit.ly/2yctkdK © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

9 Stay In Touch You can visit us at: www.gminsights.comwww.gminsights.com Thank You…! © 2018 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com


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