Kenneth Research recently added a report on ‘Daily Disposable (DD) Lens Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Daily Disposable (DD) Lens Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Daily Disposable (DD) Lens Market products.
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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Among the Material type in the DD Lens industry (Silicone Hydrogel, Hydrogel, Hybrid, & Others), the Silicone Hydrogel is estimated to account for the largest share over the forecast period. Major factor which will drive the market for silicone hydrogel is that it allows the oxygen to pass through 5 times more than other materials.
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The North America DD Lens Market will continue to be the largest market throughout the forecast period, majorly driven by high prevalence of astigmatism in addition to high healthcare awareness. Countries such as India, China, Brazil are a lucrative market for DD Lens Market.
Scope of the Report
• The report analyses the Daily Disposable (DD) Lens Market at global, regional and country level.
• The report analyses the Daily Disposable (DD) Lens Market by Material (Silicone Hydrogel, Hydrogel, Hybrid & Others).
• The report assesses the DD Lens market by User Preference (Ultra-Premium, Mainstream & Low Value/Discount Users).
• The report evaluates the DD Lens market By Design (Spherical, Toric, Multifocal & Cosmetic Lenses).
• The Global DD Lens Market has been analysed By Region (North America, Europe, Asia Pacific) and By Country (U.S., Canada, U.K., Germany, & Japan).
• The key insights of the report have been presented through Market Attractiveness Charts by region, by material, user-preference, and design. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Johnson & Johnson’s, Alcon, CooperVision & Bausch+Lomb.
• The report presents the analysis of DD Lens market for the historical period of 2015-2019 and the forecast period of 2020-2025.
Key Target Audience
• Daily Disposable (DD) Lens Manufacturers
• Daily Disposable (DD) Lens Retailers
• Consulting and Advisory Firms
• Government and Policy Makers
• Investment Banks and Equity Firms
• Regulatory Authorities
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