ACCESS Newswire
28 Jul 2020, 17:49 GMT+10
Contact lenses manufacturers are optimizing supply chains and flexibility in operations to sustain production and ensure stock availability during the covid-19 pandemic.
DUBAI, UAE / ACCESSWIRE / July 29, 2020 / The contact lenses market is projected to surpass a valuation of US$ 8 Bn by 2020. The covid-19 outbreak has resulted in governments issuing social distancing guidelines in addition to encouraging the postponement of elective medical services, such as contact lens prescriptions. Also, heath concerns for workers in contract lens production and distribution facilities will moderately impact the global contact lenses market in the short term.
'The rising incidences of chronic eye ailments and a growing number of children afflicted by myopia are key factors aiding the adoption of contact lenses. Demographic factors such as an expanding population of geriatrics and diabetics will sustain market operations through and after the coronavirus crisis,' states the FMI analyst.
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Contact Lenses Market- Critical Takeaways
Contact Lenses Market- Drivers
Contact Lenses Market- Restraints
Coronavirus Impact on Contact lenses Market
A substantial portion of global contact lenses production occurs in China. Numerous factory facilities continue to stay closed in the region during the coronavirus pandemic, which will impact supplies in the market for the near term. Other producers have had to run at limited operational capacity to comply with social distancing guidelines. Optimizing supply chains to maintain inventory stocks are critical to market players the world over. Telehealth facilities are also increasingly gaining importance for remote contact lens prescription services.
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Competitive Landscape
Manufacturers in the contact lenses market are largely investing in research and tech improvements for customization as per user needs. For instance, Johnson & Johnson are currently testing augmented reality technology for potential consumers to test out colored contact lenses. Menicon Co. Ltd., CooperVision Inc., Essilor International S.A., Johnson & Johnson Vision Care Inc., SEED Co. Ltd., Hoya Vision Care Co., ZEISS International, Bausch & Lomb Inc., and BenQ Materials Corp. are some of the leading contact lenses market players.
About the Study
The study offers readers a comprehensive assessment of the contact lenses market. Global, regional and national-level analysis of the latest trends influencing the contact lenses market is covered in this FMI report. The study provides insights according to product (soft lenses and gas permeable lenses), design (spherical, toric, multifocal, and others), wear (disposable and reusable), and sales channel (online and offline) in seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
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About Future Market Insights
Expert analysis, actionable insights, and strategic recommendations of the veteran research team at FMI helps clients from across the globe with their unique business intelligence requirements. With a repository of over a thousand reports and 1 million+ data points, the team has scrutinized the retail and consumer goods sector across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
Contact:
Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Report: https://www.futuremarketinsights.com/reports/contact-lenses-market
Press Release Source: https://www.futuremarketinsights.com/press-release/contact-lenses-market
SOURCE: Future Market Insights
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