According to Markntel Advisors Report, US Contact Lenses Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Contact lenses are small, curved lenses that are worn over the eye. These are generally made to correct refractive flaws and keep eyes healthy, but they are also used in prosthetics, cosmetics, and other fields. Additionally, despite being inherently clear, these are frequently given a tiny bit of color to make them easier for users to handle. These are made of materials that are easily fixed with water in the eye, such as silicone hydrogel and hydrogel.

US Contact Lenses Market Research Report & Summary:

US Contact Lenses Market is projected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2023-28.

Time Period Captured in the Report:

• Historical Years: 2018-21
• Base Years: 2022
• Forecast Years: 2023-2028

Who are the Key Players Operating in the US Contact Lenses Market?

The top companies of the US Contact Lenses Market ruling the industry are: 

Alcon Laboratories Inc., Bausch + Lomb, Carl Zeiss AG, CIBA Vision, Contamac US Inc., CooperVision, Essilor of America, Inc., Hydrogel Vision Corp., Johnson & Johnson, Microport Scientific Corporation, Others

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The US Contact Lenses Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

-By Material Type

-Soft Contact Lenses

-Silicone Hydrogel

-Hydrogel

-Hard Contact Lenses

-Rigid Gas-Permeable Lenses (RGP)

-Polymethyl Methacrylate (PMMA)

-Hybrid Contact Lenses

-By Design

-Spherical

-Toric

-Multifocal

-Others (Monovision, Color lenses, etc.)

-By Usability

-Reusable

-Disposable

-By Application

-Cosmetics

-Corrective

-Others (Prosthetic, Orthokeratology, etc.)

-By Sales Channel

-Offline

-Optical Stores

-Hospital & Clinics

-Others (Pharmacies, Beauty Centers, etc.)

-Online

-Company-owned Portals

-E-commerce Platforms

-By Region

-North East

-Mid-West

-West

-South

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Market Dynamics - US Contact Lenses Market:

Key Driver:  Increasing Population of Lens Wearers in The United States

Gradually more Americans will probably start wearing lenses. In the United States, 31 million people used contact lenses in 2021, according to research from the US Environmental Protection Agency. The expansion of the US market is predicted to be supported by the rising number of consumers, owing to the shift in consumer preference toward eyeglasses.

Possible Restraint: Inaccessibility of Raw Material Resulting in Higher Production Cost

Fluctuations in productivity brought on by variations in raw material availability, as well as the growing accessibility of alternatives like laser treatment, are some of the key market challenges. Additionally, the development in the USA contact lens industry is being hindered by a lack of qualified workers who are capable of producing sophisticated technology contact lenses at high costs due to their advanced features and production costs.

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