The Global market of Optical Lens Material is projected to exhibit a CAGR of 7.76% during 2016–2021

Date: 4 May 2017

Today, a large population suffers from vision problem, weak eyesight and refractive errors due to excessive use of smart phones and other digital devices. Also, with the change in lifestyle and new innovation, majority people prefer better quality and comfortable contact lenses which has led to the growth in the optical contact lens material market.  

According to Azoth Analytics research report,”GlobalOptical Lens Material Market: Analysis By Type (Soft Lens, Gas Permeable Lens),By Material (Silicone hydrogel, Fluoro-Silicone Acrylate, Hydrogel, PMMA), ByRegion, By Country (2016-2021)", Global Optical Lens Material Market is projected to exhibit a CAGR of 7.76% during 2016 – 2021, driven by the advanced soft contact lenses and new designed materials providing more clarity and comfort at the same time. On the basis of market segment, the market has been segmented into types and materials of optical lens. 

Optical contact lens materials are now broadly available in two major categories, Soft Contact lens and Gas Permeable lens. With the changing lifestyle and digitalization both in developed and developing countries, the eye problem has become a common issue. Also, large age group are more prone to refractive errors and according to United Nation report, the predicted population of age 40 years and above will going to be around 4.37 billion. According to World Vision, the number of presbyopic and myopic patients till 2020 will be 3 billion and 2 billion respectively. 

Among the regions, North America has the largest market in terms of revenue followed by APAC region while Europe region is expected to be the fastest growing region, owing to the large growing old age population with the money to have spending on costly contact lenses promoting the leading manufacturers to increase their investments in this region. Key markets in U.K. and Germany will continue to rise considering the acceptance of new contact lens material by the people.

The “ GlobalOptical Lens Material Market: Analysis By Type (Soft Lens, Gas Permeable Lens),By Material (Silicone hydrogel, Fluoro-Silicone Acrylate, Hydrogel, PMMA), ByRegion, By Country (2016-2021)”, has analysed the potential of Global Optical lens material Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global optical contact lens material market.

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