(EMAILWIRE.COM, December 15, 2017 ) Middle East & Africa Contact Lenses Market is expected to reach USD 0.3 billion by 2021 from USD 0.2 billion in 2016, growing at a CAGR of 4.30% during the forecast period, 2016-2021.

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A contact lens is a thin and curved lens which are placed on the surface of the eye. They can be used for vision correction or for cosmetic and novelty purpose. Contact Lenses are medical devices, regulated by Food and Drug Administration (USA), hence requires prescription. The various types of contact lenses are Soft contact lenses, Silicone Hydrogel Contact Lenses, and Rigid Gas Permeable Contact Lenses, among others.

The growth of Contact Lenses market is majorly driven by factors such as rising public awareness, convenient to use, better quality products, and presence of diverse players specially in Middle East region. The increase in aging population is also expected to boost the demand for the product. Furthermore, the increasing use of electronic devices with screens, the number of people suffering from vision issues have gone up significantly which is likely to bolster the demand for the product. The key restraints of the market are economic slowdown, limited access to eye healthcare, vision related problems are not considered priority in most of African regions, and high maintenance cost of the product.

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Middle East & Africa Contact Lenses Market is segmented on the basis of Material, Application, and Design. Based on Material, the market is classified into Soft Contact Lenses, Silicone Hydrogel Lenses, Rigid Gas Permeable (RGP) Contact Lenses, Hybrid Contact Lenses, and Polymethyl Methacrylate (PMMA) Contact Lenses. On the basis of Application, the market is classified into Therapeutic Contact Lenses, Cosmetic Contact Lenses, and others. On the basis of Design, the market is classified into Spherical, Bifocal, Orthokeratology and Toric.

The major companies dominating the Middle East & Africa Contact Lenses Drugs market are Johnson & Johnson (USA), Bausch & Lomb (USA), CooperVision (USA), Hydrogel Vision Corp (USA), Abbott Medical Optics, Inc. (USA), Alcon Laboratories, Inc (USA), Carl Zeiss AG (Germany), CIBA Vision (USA), Essilor International (France), and Contamac (United Kingdom).

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Segmentation:
Based on Material:
 Introduction
 Soft Contact Lenses
 Silicone Hydrogel Lenses
 Rigid Gas Permeable (RGP) Contact Lenses
 Hybrid Contact Lenses
 Polymethyl Methacrylate (PMMA) Contact Lenses
 Y-o-Y Growth Analysis, By Product
 Market Attractiveness Analysis, By Product
 Market Share Analysis, By Product

Based on Application:
 Introduction
 Therapeutic Contact Lenses
 Cosmetic Contact Lenses
 Others
 Y-o-Y Growth Analysis, By Type
 Market Attractiveness Analysis, By Type
 Market Share Analysis, By Type

Based on Design:
 Introduction
 Spherical
 Bifocal
 Orthokeratology
 Toric
 Y-o-Y Growth Analysis, By Application
 Market Attractiveness Analysis, By Application
 Market Share Analysis, By Application

The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Middle-East and Africa. North America is expected to command the major market share of 37% in 2016 followed by Europe. Asia Pacific is anticipated to be the fastest growing region for the product with a CAGR of 8.16% during the forecast period 2016-2021.

Geographical Segmentation:
 North America Contact Lenses Market
 Europe Contact Lenses Market
 Asia-pacific Contact Lenses Market
 Latin America Contact Lenses Market
 Middle East and Africa Contact Lenses Market

The key players in Global Contact Lenses Market are Johnson & Johnson (USA), Bausch & Lomb (USA), Carl Zeiss AG (Germany), CooperVision (USA), Alcon Laboratories, Inc (USA), Hydrogel Vision Corp (USA), Abbott Medical Optics, Inc. (USA), CIBA Vision (USA), Essilor International (France), and Contamac (United Kingdom).

Future trend of Contact Lenses is Smart Contact Lenses mains that a contact lens integrates a set of electronic components and forming a specific function. They may be used to monitor diabetes by measuring intraocular pressure, tear glucose, or for presbyopia and myopia control, low vision.

The Contact Lenses Market study offers the following deliverables:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of Material, Application, and Design along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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