Market Research Blog

The eye shadow market is predicted to be valued at US$ 3,080.8 million in 2023 and US$ 6,034 million by 2033. Over the projection period, sales in the eye shadow market are expected to increase at a CAGR of 7%.

A prominent opportunity lies in the rising demand for clean and natural beauty products. Consumers are becoming increasingly conscious about the ingredients used in cosmetics, driving the demand for eye shadows made from natural and organic ingredients. This trend presents a significant opportunity for manufacturers to cater to the growing segment of environmentally-conscious consumers.

An emerging trend is the fusion of skincare and makeup in eye shadow products. With the increasing popularity of skincare routines, manufacturers are incorporating nourishing and beneficial ingredients in eye shadows that not only provide vibrant colors but also offer skincare benefits. These products often contain antioxidants, vitamins, and moisturizing agents, appealing to consumers who seek multi-functional and holistic beauty solutions.

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Personalized and customizable eye shadow products are gaining traction. Brands are offering customizable palettes where consumers can choose and arrange their preferred shades, allowing for a personalized makeup experience. This trend empowers consumers to create their own unique eye shadow combinations, enhancing engagement and customer satisfaction.

The integration of augmented reality (AR) technology is revolutionizing the way consumers try and select eye shadows. AR-powered virtual try-on tools enable customers to digitally apply different shades and finishes, helping them make informed purchasing decisions without physically trying the product. This technology-driven trend enhances the online shopping experience, boosts customer confidence, and reduces the risk of returns.

Key Takeaways from the Eye Shadow Market:

• North America is expected to hold approximately 23.8% of the market share by value in 2023.
• The eyeshadow market in Germany is anticipated to exhibit impressive growth at a CAGR of 6.3%.
• The United States currently leads the global market, accumulating a market share of 18.2% in 2022
• India is expected to be an opportunistic market, expected to grow at a 12.9% CAGR
• Powder form eye shadow held a market share of 66.3% in 2022
• Personal application held 34.4% of the overall eyeshadow market in 2022.

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How Key Players are revolutionizing the Manufacturing of Eye Shadow market?

Key players in the manufacturing of eye shadow are revolutionizing the market through various strategies and innovations. They are investing in research and development to create advanced formulas with improved pigmentation, long-lasting wear, and diverse color options. They are incorporating eco-friendly and sustainable practices into their production processes, reducing waste and promoting responsible sourcing of ingredients.

Key players are leveraging technology to enhance the packaging design and user experience, introducing features like customizable palettes and interactive tutorials. By staying at the forefront of trends and consumer preferences, these companies are driving the evolution of the eye shadow market, offering customers innovative and high-quality products.

Key Players in the Market:

• L’Oréal S.A.
• LVMH (Moët Hennessy -Louis Vuitton)
• Estee Lauder Companies Inc.
• Revlon, Inc.
• Shiseido Co, Ltd.
• Chanel S.A.
• Coty, Inc.
• Amway Corporation
• Kao Corporation
• Aveda Corporation
• Clarins Group
• Oriflame Holdings AG
• Korres SA
• Arbonne International, LLC.
• Others

Product Portfolio:

• L’Oréal’s product portfolio includes a wide range of cosmetics, skincare, haircare, and fragrance products. They offer popular brands such as L’Oréal Paris, Maybelline New York, Lancôme, Garnier, and Kiehl’s, catering to diverse consumer needs and preferences.
• LVMH’s product portfolio encompasses luxury goods and fashion brands. Their portfolio includes iconic names such as Louis Vuitton, Christian Dior, Fendi, Givenchy, and Bulgari, offering a wide range of products including leather goods, apparel, accessories, jewelry, and fragrances.

Global Eyeshadow Market by Category

By Product Form:

• Powder Form
• Liquid Form
• Pencil Form
• Others

By Application:

• Personal Application
• Professional Application

By Price Range:

• Mass (Below US$25)
• Premium (Above US$25)

By Sales Channel:

• Hypermarkets/Supermarkets
• Specialty Stores
• Multi-Brand Stores
• Online Retailers
• Independent Departmental Stores
• Other Sales Channel

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The camera accessories market is likely to register a CAGR of 13.5% during the forecast period and is anticipated to reach a market share of US$ 12.34 Billion in 2032 from US$ 2.7 Billion in 2020, due to product innovations and new product launches in the market.

The increased demand for high-end digital cameras has boosted the camera accessories market globally. Camera accessories mainly enhance the accessibility, usability, efficiency, and working life of the camera. Camera gear include the lens, screen protectors, tripods, monopods, bags and punches, batteries and charges, and others.

The wide range of uses of cameras for wildlife, landscape, wedding, fashion, portrait, sport, aerial and action, photojournalism, and commercial will drive the camera accessories market growth. The importance of camera accessories is inevitable for professional photographers.

A fast prime lens, tripod, remote shutter release and polarizing filter help the photographer to take better photos. Moreover, a camera bag and strap help to protect the valuable equipment and additional batteries and memory cards allowing the photographer to shoot continuously.

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Global Camera Accessories Market: Reasons for Covering this Title

Global demand for high-end cameras is high among the youth in the urban population. With the assistance of different camera accessories, it has become possible to enhance the quality and experience of photography. The high-end camera buyers tend to buy the camera accessories for stability and accessibility.

Although the smartphones highly hamper the camera and its accessories market, the demand for the camera and its accessories by professional will grow owing to increased demand in their respective industry.

According to industries that demand the use of the camera, the various camera accessories will be in need. It necessitates by studying the camera accessories market. The product innovations and new product launches in the camera accessories market are estimated to make the survival of the market.

Global Camera Accessories Market: Key Players

Some of the key players operating in the global Camera Accessories market are Canon Inc., Nikon Corporation, Sony Corporation, Fujifilm Holdings Corporation, Olympus Corporation, Panasonic Corporation, GoPro, Inc., CASIO COMPUTER CO., LTD., Leica Camera AG, CP PLUS, Ricoh Imaging Americas Corporation, SAMSUNG GSG, Vitec Imaging Solutions Spa, Peak Design and RED among others.

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Camera Accessories Market: Key Trends

• There is a high demand for high-performance lenses as the Internet of Things (IoT) advances and security become more critical for the safety of life and property.
• A rapid acceleration in the switching of a single lens reflex camera to the mirror-less camera has brisk the camera accessories market.

Camera Accessories Market: Key Developments

• In October 2018, a special version of the Manfrotto Befree tripod was launched that targeted professionals who demand outmost quality and high performance.
• In September 2018, Eastman Kodak Company and Kodak Alaris announced the availability of highly anticipated KODAK EKTACHROME Film line worldwide.
• In September 2017, Sony Corporation and Vitec Photographic has announced collaboration in the imaging market consolidating both companies position in the market.

Opportunities for Camera Accessories Market Participants

Cameras with interchangeable lens coupled with their upgraded features and superior quality of images have high growth boosting the camera accessories market. High-quality lenses and lens filters will drive the camera accessories market prominently.

There is the rising popularity of cameras among the women owing to the attractive aesthetic looks and women concentric advertisements will enhance the camera accessories market growth.

Not only developed countries but also developing nations are estimated to have a good camera accessories market presence. The saturation of the camera accessories market in developed countries will focus on the developing countries market enhancement.

Brief Approach to Research for Camera Accessories Market

FMI will follow a modeling-based approach and triangulation methodology to estimate data covered in this report. A detailed market understanding and assessment of the nature, formats, and application of segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global level to estimate the overall Camera Accessories Market sizes.

Global Camera Accessories Market: Market Segmentation

On the basis of product types, the global camera accessories market has been segmented as –

• Filter lens
• Lens
• Screen protectors
• Memory cards
• Camera bags and pouches
• Tripods and mounts
• Batteries and chargers
• Others

On the basis of types of gear, the global Camera Accessories Market has been segmented as –

• Drones
• DSLR
• Mirror-less
• Professional DSLR
• Video camera

On the basis of the distribution channel, the global Camera Accessories Market has been segmented as-

• Direct
• Indirect
• Hypermarket/Supermarket
• Specialty Stores
• Online Store
• Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The air freshener market is advancing at a sluggish rate and is projected to register a CAGR of 3.5% during the forecast period 2022 to 2032.

Additionally, the report offers details on various segments, including top companies, product types, applications, and regional division. The report is well-presented using a variety of pictorial presentations, including tables, diagrams, charts, and figures. It is curated using primary and secondary research that has been carefully reviewed by industry experts.

The Air Freshener Market will provide in-depth analysis of both established and new market trends, as well as significant industry developments. In-depth information about market size, revenue growth, drivers, restraints, growth opportunities, and challenges is provided in the report.

The global Air Freshener Market is rapidly gaining traction over the recent years and is expected to register robust revenue growth throughout the forecast period.

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Robust revenue growth is attributed to factors such as changing lifestyle, improvements in standard of living and rising health conscious populace.

Increasing demand for convenience, and going coronavirus pandemic, rising presence for online shopping, and increasing inclination towards veganism and organic and basic food products are fueling global market growth.

Competitive Landscape:

The research study provides information about top market participants, including each one’s global position, financial standing, licence agreement, product and service portfolio, and revenue contribution.

To expand their product offerings and establish solid footing in the market, major market players are concentrating on implementing a variety of strategies, such as mergers and acquisitions, business expansion plans, new product launches, partnerships, collaborations, and joint ventures

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Market Dynamics:

Increasing consumer inclination towards functional, organic and probiotic-based food & drinks is providing impetus to the growth of global food and beverage industry.

Various studies have come with health benefits associated with “ethnic” and organic food products. These foods improve cardiovascular health, improves arthritis, digestive issues, and other inflammatory conditions. Consumers are gradually focusing on mindful eating and consuming food for health and wellness.

Changing eating and dietary patterns of consumers is prompting brand owners and new entrants to introduce healthy foods options. Several clean-label products have been introduced in the market and consumer curiosity for new products is immense

Growing middle class consumers with rising income in developing countries such as India and China will boost food & beverage market growth. Moreover, increasing consumer preference for procuring food and beverage items from online platforms due to variety, cost and time-saving will foster market size through 2027.

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Some of the leading market players are listed below:

• Procter & Gamble Co.
• Reckitt Benckiser Inc.
• Henkel KGaA
• Church & Dwight Co. Inc.
• Car-Freshener Corporation
• SC Johnson & Son Inc.
• Kobayashi Pharmaceutical Co. Ltd.
• Godrej Household Products Ltd.
• Farcent Enterprise Co. Ltd
• Newell Brands

Air Freshener Market Segmentation based on Types:

• Sprays/Aerosols
• Electric Air Fresheners
• Gels
• Candles
• Others

Air Freshener Market Segmentation based on Application:

• Homes
• Offices
• Cars
• Others

Air Freshener Market Segmentation based on Regions:

• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Latin America (Brazil, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa)

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Key Features of the global Air Freshener Market:

• The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
• The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
• Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
• Optimum strategic initiatives for new players in the market.
• Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
• The study also includes supply chain trends, including elaborate descriptions of the latest technological development

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The dishwashing additives market is expected to reach US$ ~2,817.2 million by the end of 2033, at a compound annual growth rate (CAGR) of ~6.5%, according to recently released data by Future Market Insights (FMI). The market is forecast to be worth US$ ~1,500.8 million in 2023. About 2% to 5% of the dishwashing additives market is held by its parent business, the detergent market.

The global market for dishwashing additives is expected to grow in conjunction with the culinary industry. Dishwashing products are widely used in both household and commercial kitchens, indicating that the demand will gain traction in the forthcoming years.

As a result of rising environmental concerns, eco-friendly businesses are likely to gain traction in the global dishwashing additives market. Increasing demand for green dishwashing additives is one of the primary factors driving the market. Chemical-free natural and plant-based household items have been determined to be safe for both humans and the environment.

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In dishwashing detergents, producers tend to use natural components such as natural aroma oils and flower extracts. For example, Seventh Generation is a well-known natural home product brand in the U.S. that invests heavily in marketing and promotion. Goodmaid Bioby Goodmaid Chemicals and Green Works by The Clorox Company are two of the most popular eco-friendly household dishwashing detergents on the market.

“Energy and water savings due to well-timed usage of dishwashing additives, improved consumer perception of hygiene and cleanliness, and a rise in the number of restaurants and dining venues resulting in increased use of dishwashers are some of the key factors driving the global dishwashing additives market,” says an FMI analyst.

Key Takeaways:

• Based on product type, sales of branded dishwashing additives will remain high.
• In terms of applications, the adoption of dishwashing additives in the residential sector will gain traction through 2032.
• The U.S. will continue dominating the North America dishwashing additives market over the assessment period.
• China will emerge as a lucrative pocket in the East Asia dishwashing additives market.
• India will account for a dominant share in the South Asia dishwashing additives market over the forecast period.

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Competition Landscape

Some of the leading players operating in the global dishwashing additives market include Unilever N.V., Blueland, Bombril, Reckitt Benckiser Group plc, Church & Dwight Co. Inc., SC Johnson & Son Inc., The Clorox Company, Godrej Consumer Products Limited, The Procter & Gamble Company, Colgate-Palmolive, Henkel, McBride, and Kao Corporation among others.

Global Dishwashing Additives Market by Category
By Product Type:

• Branded
• Private Label

By Application:

• Commercial
• Residential

By Form Type:

• Liquid
• Powder
• Others

By Sales Channel:

• Hypermarkets/ Supermarkets
• Independent Grocery Stores
• Specialty Stores
• Wholesalers/Distributors
• Online Retailers
• Other Sales Channel

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Over the forecast period of 2022 to 2032, the women’s socks market is expected to rise gradually at a 5.9% value CAGR. This market was estimated to be valued at US$ 17.5 billion globally earlier in 2021, and by 2032, it is anticipated to have grown to US$ 30.25 billion. The market is going to face increasing demand owing to the increased health-consciousness of the consumers towards using eco-friendly socks and better foot health.

From 2017 to 2021, the Women’s socks industry grew at a CAGR of 5.1%. White-collar professionals are expected to play a crucial role in enhancing the utility of socks with the rising importance of maintaining formal attire on a global basis.

As a result, the market is anticipated to grow in the coming years. In addition, the growing spending on health and fitness among adults will boost the demand for various shoe accessories including sports socks and ankle socks at gyms and health clubs.

Due to the increasing rate of foot disorders associated with diabetic patients, various health care professionals have devoted more time to publishing research papers on maintaining healthy feet over the past few years.

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Major contributors to the market’s growth are China and India. A growing population and increasing disposable income are driving demand for apparel in the region. Majority of market revenue comes from the well-developed economies of the U.K., Germany, and France. Increasingly independent women, higher per capita incomes, and changing fashion trends all impact the market’s growth.

Key Takeaways from the Market Study

1. In 2022, the global women’s socks market is estimated to have a market size of US$ 18.13 Billion.
2. Women’s socks market in North America acquired 20% of the global market share in 2021.
3. The APAC region is expected to grow with a 5.8% CAGR, with a market share of 40%
4. The polyester segment took over 46% of the global Women’s socks market share and is expected to exhibit a 4.5% CAGR during the forecast period.
5. Offline sales comprised 76% market share in 2021, reflecting a 5.7% CAGR until 2032

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Competitive Landscape

The market is populated by several well-established players, as well as several small and medium-sized businesses. Vendors are launching products that meet consumer expectations as fashion consciousness changes. Furthermore, manufacturers are developing new preservative techniques to make their products more durable. A large number of celebrities have endorsed famous brands, contributing greatly to the market’s growth.

• In January 2020, “Renewed” socks brand, Happy Socks, partnered with fashion icon Johnny Ramone to create a dynamic new collection of socks.
• Active wear company Girlfriend Collective released a line of socks called Everyday GF in June 2020. The socks are made of recycled plastic bottles and are cushioned with extra arch support.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global women’s socks market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of product type (Cotton, polyester, others), by Distribution Channel Type (online, offline) and across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Covered In the Women’s Socks Market Report

Women’s Socks Market by Fiber:

• Cotton Women’s Socks
• Polyester Women’s Socks
• Women’s Socks from Other Fibers

Women’s Socks Market by Distribution Channel:

• Women’s Socks Sales via Offline Stores
• Women’s Socks Sales via Online Stores

Women’s Socks Market by Region:

• North American Women’s Socks Market
• Europe Women’s Socks Market
• Asia Pacific Women’s Socks Market
• Middle East & Africa Women’s Socks Market
• Latin America Women’s Socks Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The baby teeth care products market is forecasted to register a 2.5% CAGR during the forecast period (2022-2032) and projected to reach US$ 1.71 Billion by 2032.

Oral diseases are the most common diseases that affect half of the population in the world. Early childhood caries (ECC) or baby bottle tooth decay is the primary concern for baby oral care. The bacteria that are responsible for tooth decay, gets transmitted to infants through kissing or sharing spoon. Rising awareness among parents for baby care products drives the baby teeth care market.

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Baby bottle tooth decay or ECC is often found in case of infants and toddlers. Children younger than two years are often suffered by this prevalent disease (ECC). Companies like Colgate-Palmolive often educates consumers about ECC and preventive measures to avoid it. Therefore, preventive measures from ECC will drive the demand for baby teeth care products in the market. Baby teeth care starts from caring baby’s gum as it acts as a placeholder for teeth.

Baby Teeth Care Products Market: Market Dynamics

Due to food swallowing nature of babies under the age of 2 years, they are more prone to tooth decay or ECC diseases. Thus, dentists recommend using of cavity-preventing fluoride toothpaste. In response to the concern over enamel fluorosis, which rises due to fluoride, some manufacturer launched low fluoride ‘paediatric’ toothpaste containing less than 600 ppm fluoride.

Generally, there are several types of baby teeth care products available in the market. A key factor driving the growth of baby teeth care products market is the increasing awareness to reduce the incidences of early childhood caries (ECC) or baby bottle tooth decay.

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Baby Teeth Care Products Market: Recent Developments

Colgate as a manufacturer of oral hygiene products, it produces baby teeth care products such as Colgate Smiles Baby Toothpaste (0-2Y). The company also helps the society to increase the awareness about baby teeth care and related diseases. In baby teeth care products category, some companies are also comping up with innovative baby wipes. In 2018, Bey Bee launched toxin free baby wipes first in India.

In 2018, A Tucson, AZ, pediatrician had introduced wipes for babies which are intended to fight cavities.

Baby Teeth Care Products Market: Regional Outlook

The baby teeth care products market is expected to register a healthy growth across all the geographies during the forecast period. The ECC and other dental related diseases are likely to drive market for baby teeth care products. China and India which are considered as emerging countries, have larger population with oral diseases such as tooth decay, periodontal disease in babies etc. As per FDI World Dental Federation, more than 3 billion people are affected by oral diseases and this number is also high for babies.

As a preventive measures, parents are now focused on baby teeth care products which further drives the baby teeth care products market. The U.S. accounts for major market share for baby teeth care products due to major presence of manufacturer over there, better technology infrastructure, increase in adoption in innovative and baby care products and rising awareness about baby gum & teeth related diseases.

Additionally, other developed regions such as Europe and Oceania are projected to showcase steady growth in the global baby teeth care products market due to growing awareness among parents, and growth in hospitals.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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A recent report by Future Market Insights predicts that the therapeutic contact lenses market is slated to experience explosive growth, rising from US$ 12,595.3 Million in 2023 to a whopping US$ 26,692.9 million over the next decade with an impressive CAGR of 7.8%. This sector represents roughly 25-35% of its parent industry – global contact lens markets

Improved medical technology is significantly improving the likelihood of patients with illnesses like macular degeneration and glaucoma having their eyesight saved or improved. Even previously thought to be permanent forms of blindness are showing signs of improvement, offering hope to those who had only known darkness. In the realm of optics and optometry, there has been a significant growth in R&D effort.

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The introduction of dynamic soft contact lenses with superior technology has increased the need for therapeutic contact lenses. For instance, Innovega is creating a soft contact lens with an adjustable display that can be worn anywhere in the field of vision. Instances requiring the use of both hands, including driving, surgery, and military operations, may be made safer, according to the business, thanks to the iOptik technology. However, it will be some time before the technology is consumer-ready.

The Centers for Disease Control and Prevention estimate that about 12 million Americans aged 40 and up have some form of vision impairment, including three million people with vision impairment following correction, one million blind people, and eight million people with vision impairment brought on by refractive error that has not been corrected.

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As a result, rapid technological advancements have played a significant role in impacting lifestyles. The trend is continuous in the healthcare category as well. The therapeutic contact lenses market is dominated by Methafilcon in terms of material type is expected to boost the market at higher CAGR (9.1%) as compared to other material of product during the forecast. In light of this, smart lenses are gaining prominence in the market. For instance, Mojo lens is considered the first smart lens that has a built-in visual display designed to magnify images for people with low vision. This patented lens is also capable of projecting content from smartphones.

While some market participants are concentrating on producing contact lenses to combat digital eye strain, given the pandemic, the populace is always engrossed in digital gadgets. For instance, Cooper Vision, Inc. has released a novel contact lens that aids in the reduction of eye strain caused by the usage of digital devices. Multiple aspheric curves are used in the Bioinfinity Energy’s. This allows people’s eyes to adapt more easily as they shift their sight between digital and non-digital activities. The lens material is also meant to assist eyes maintain moisture, which is an extra bonus. This is especially useful when using a computer or a screen because people blink less frequently.

Further, the therapeutic contact lenses market is estimated to expand at a CAGR of over 7.8% throughout the forecast period of 2023-2033, and it is estimated to be valued at US$ 26,692.9 million by the end of 2033.

Key Takeaways from the Therapeutic Contact Lenses Market Study

• Growing consumer awareness of products, rising product consumption as a consequence of technological advancements in eye care products, and fast urbanisation all contribute to the need for therapeutic contact lenses products which has resulted to an increasing demand for therapeutic contact lenses among manufacturers.
• Companies have established increased focus on innovation and technological advancements. Alongside, companies have adopted online retailing to extend the distribution network effectively.
• In 2023, the United States has a notable value share of 88.8% in North America, owing to its distinct work culture and significant use of smart devices such as desktops, mobile phones, tablets, and laptops.
• UK is a key market in Europe reflecting a notable value share of 18.8% owing to higher spending on premium therapeutic contact lenses in the country.
• The growing demand for eye care products are anticipated to grow at a rapid pace during the forecast tenure. Also, the demand for premium category products is high are will steadily remain high in the future.
• In terms of consumer orientation, the unisex category is predicted to hold a considerable share of 61.5% in 2023. When compared to gender-specific offers, the penetration of unisex contact lenses is relatively significant.

Who is winning?

Leading manufacturers of therapeutic contact lenses are focused on aggressive promotional strategies, advertisements, and new product launches that have driven sales growth of therapeutic contact lenses globally.

Major players present in the therapeutic contact lenses market

• The Cooper Companies Inc.
• AccuLens Company Inc.
• Alcon Inc.
• Bausch & Lomb Incorporated
• Dynasil Corporation of America
• Johnson and Johnson Vision Care Inc.
• Medennium Inc.
• SynergEyes Inc.
• X-Cel Specialty Contacts
• Abbot Medical Optics, Inc
• Carl Zeiss AG
• CIBA Vision
• Essilor International
• Hydrogel Vision Corp
• Novartis International AG
• Contamac
• Haohai Biological Technology
• Hoya Corporation
• Polylite Sofclear
• Scrivens House
• Seed Co. Ltd
• STAAR Surgical Company

Key segments

By Material Type:

• Balafilcon
• Lotrafilcon
• Methafilcon
• Senofilcon
• Others

By Consumer Orientation:

• Male
• Female
• Unisex

By Price Range:

• Below US$ 10
• US$ 10 to US$ 30
• US$ 30 to US$ 50
• US$ 50 and Above

By Sales Channel:

• Wholesalers/Distributors
• Specialty Stores (Optical Stores)
• Multi-Brand Stores
• Hospitals/Clinics
• Online Retailing
• Other Sales Channel

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
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