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The growing prevalence of myopia, growing geriatric population, rising product innovation, and increasing preference for contact lenses over prescription eyeglasses are the major factors driving the growth of this market. However, a shortage of trained ophthalmologists restrains the market growth. This study analyzes the market based on their usage, design, material, color variation, application, and distribution channel. Increasing incidences of myopia to drive the demand for spherical lenses of contact lenses market in 2019 Based on material, the market is segmented into spherical, toric, multifocal, monovision, and cosmetic lenses. The spherical segment accounted for the largest market share in 2019. The large share of this segment can be attributed to the higher adoption of these lenses by optometrists and patients to treat myopia (nearsightedness) or hyperopia (farsightedness) and the rising prevalence of these ailments.

United statesLatina americaAsia pacificAashish mehraCarl zeiss meditecCo ltdHoya corporation japanCompany nameBenq materials corporation taiwanCooper companiesMenicon co ltdCorporation japanHoya corporationLenses market size estimationWide rangeGrowth opportunities