July 06, 2020
According to the research report titled ‘Global Daily Disposable (DD) Lens Market - Analysis By Material (Silicone Hydrogel, Hydrogel, Hybrid), By User Preference, By Design (2020 Edition): Market Insight, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global daily disposable (DD) lens market generated revenues worth USD 4917.7 million in 2019 and is expected to grow substantially during 2020-2025.
Increased pervasiveness of chronic conditions such as diabetes and ophthalmic disease in tandem with rising geriatric population are the key factors fostering the demand for daily disposable lens across the globe. Mounting number of R&D activities among leading companies and rising adoption of sedentary lifestyle have also boosted market size. Surging investments in DD lens and growing demand for healthcare products are also stimulating the industry outlook.
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As per material type, worldwide daily disposable lens market is split into hybrid, hydrogel, and silicone hydrogel segments. According to the study, silicone hydrogel segment is anticipated to record momentous growth in the forthcoming years. This material type enables oxygen to pass through 5 times more than its counterparts.
Considering the geographical landscape, global DD lens market is bifurcated into North America, Asia-Pacific, and Europe with key focus on countries such as Japan, Germany, UK, Canada, and the U.S among others.
As per the report, daily disposable lens industry in North America is slated to register commendable growth in the forthcoming years. Increasing health awareness and high occurrence of astigmatism are favoring the market outlook in North America.
Alcon Industries, Bausch Health Companies Inc., The Cooper Companies, Inc. and Johnson & Johnson are the leading companies formulating the competitive terrain of global daily disposable lens market