Latin America Contact Lenses Market is Expected to Grow at 4.8% in the Forecast Period of 2020 to 2027

Latin America Contact Lenses Market is forecasted to grow at 4.8% with factor such as rising prevalence of refractive errors.

Contact lenses market is growing with factors such as the rising prevalence of refractive errors, rise in the number of visual inaccuracies, increased cases of diabetic retinopathy, and increasing adoption of contact lenses, along with this increasing side effects associated with contact lenses and growing acceptance of refractive surgeries may obstruct the growth of the market in the given forecast period.

Contact Lenses Market Scenario

According to Data Bridge Market Research, the market for contact lenses in Latin America region, Brazil is growing with the highest market share. Market leader is Johnson & Johnson Vision Care, Inc. (A Subsidiary of Johnson & Johnson Services, Inc.), which accounts an estimated market share of approximately 20% to 35% in the Latin America.

  • In May 2019, Johnson & Johnson Vision Care, Inc. (A Subsidiary of Johnson & Johnson Services, Inc.) has showcase new product portfolio of contact lens as well as surgical technologies to support the rising burden of myopia in the Vision and Ophthalmology Annual Meeting (ARVO). After participation in such event company has enhanced their credibility in the market

Latin America Contact Lenses MarketTrends Impacting the Market

Now the question is which are the other regions Johnson & Johnson Vision Care, Inc. (A Subsidiary of Johnson & Johnson Services, Inc), Alcon, Inc., CooperVision (A Subsidiary of The Cooper Companies Inc.) are are targeting? Data Bridge Market Research has forecasted a large growth in Latin America contact lenses market and the market leaders are targeting Brazil, Argentina and Colombia to be their next revenue pockets for 2020.

Contact lenses market is becoming more competitive every year with companies such as Johnson & Johnson Vision Care, Inc. (A Subsidiary of Johnson & Johnson Services, Inc.), Alcon, Inc., CooperVision (A Subsidiary of The Cooper Companies Inc.) as they are the market leaders for contact lenses. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the contact lenses market.

For more analysis on the contact lenses market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=latin-america-contact-lenses-market

Contact lenses Market Development

  • In February 2020, CooperVision (A Subsidiary of The Cooper Companies Inc) received FDA approval for their new product Biofinity toric multifocal Contact Lenses. After receiving approval company commercialized their product inti the market and generate more revenue

Scopes of the Contact Lenses Market

Latin America contact lenses market is segmented on the basis of countries into Brazil, Argentina, Colombia, Peru, Chile, Ecuador, Paraguay, Venezuela, Uruguay and Rest of Latin America.

  • All country based analysis of contact lenses market is further analyzed based on further segmentation. On the basis of product type, Latin America contact lenses market is segmented into spherical contact lenses, toric contact lenses, multifocal contact lenses, monovision contact lenses and others contact lenses. On the basis of type, Latin America contact lenses market is segmented into daily wear contact lenses and extended wear contact lenses. On the basis of material type, Latin America contact lenses market is segmented into silicone hydrogel contact lenses, hydrogel contact lenses, rigid gas permeable (RGP) lenses, hybrid contact lenses, polymethyl methacrylate contact lenses and others. On the basis of application, Latin America contact lenses market is segmented into corrective, therapeutic, cosmetic and prosthetic. On the basis of technology type, Latin America contact lenses market is segmented into hydraclear technology, ASD technology, PEG technology, PC technology, lacreon technology, digital zone optics lens design technology, lightstream lens technology, smart contact lens technology and others. On the basis of modality, Latin America contact lenses market is segmented into disposable and conventional. On the basis of color type, Latin America contact lenses market is segmented into colorless lenses and color contact lenses. On the basis of end user, Latin America contact lenses market is segmented into homecare setting, eye hospital, ophthalmology clinics and others. On the basis of distribution channel, Latin America contact lenses market is segmented into clinics stores, e-commerce, pharmacies and others.

To know more about the study https://www.databridgemarketresearch.com/reports/latin-america-contact-lenses-market

Key Pointers Covered in Contact Lenses Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study
  • Impact of COVID-19 in the Market

Key Market Competitors Covered in the Report

  • BAUSCH + LOMB INCORPORATED (A subsidiary of Bausch Health Companies Inc.)
  • Essilor (A Subsidiary of EssilorLuxottica)
  • Carl Zeiss AG
  • HOYA VISION CARE COMPANY (A Subsidiary of HOYA CORPORATION)
  • Johnson & Johnson Vision Care, Inc. (A Subsidiary of Johnson & Johnson Services, Inc.)
  • Alcon, Inc.
  • CooperVision (A Subsidiary of The Cooper Companies Inc.)
  • Menicon Co., Ltd.
  • Solótica Indústria e Comércio Ltda
  • SynergEyes
  • Optolentes
  • Contamac

Above are the key players covered in the report, to know about more and exhaustive list of contact lenses companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=latin-america-contact-lenses-market

Research Methodology: Latin America Contact Lenses Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Product Manufactures, Ophthalmologist, and Healthcare Professional
  • Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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