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World Contact Lenses Market Will Grow at CAGR Of 3.4%, Expected to Reach 1,132 Million Units from 2014 to 2020: Grand View Research, Inc
Date:8/26/2014

San Francisco, California (PRWEB) August 26, 2014

The global market for contact lenses is expected to reach USD 12.48 billion by 2020, according to a new study by Grand View Research, Inc. Expanding user base coupled with aging population is expected to drive market growth over the next six years. Grand View Research also observes that growing need for enhancing aesthetic appearance is expected to fuel demand for cosmetic contact lenses.

Increasing incidences of ophthalmic disorders including myopia, hypermetropia and astigmatism is expected to positively impact the global market over the forecast period. Additionally, changes in lifestyle and growing elderly population have enhanced market penetration for corrective as well as cosmetic contact lenses over the last three years. Growing acceptance of procedures including PRK and LASIK on a global level may hinder market growth over the next six years.

The report “Contact Lenses Market Analysis And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/contact-lenses-market.

Request free sample of this report at http://www.grandviewresearch.com/industry-analysis/contact-lenses-market/request.

Further key findings from the study suggest:

  • The global market was estimated to be 898.4 million units in 2013 and is expected to reach 1,132 million units by 2020, at an estimated CAGR of 3.4% from 2014 to 2020.
  • Soft contact lenses dominated t
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