Some of the key factors expected to drive the contact lens market include rising prevalence of eye diseases such as myopia, presbyopia, and astigmatism, as well as sedentary lifestyles, increasing ageing population base, susceptibility to presbyopia, and end-user appetite for presbyopia. Awareness of contact lenses continues to increase.Some of the major players in the contact lens market include Alcon Inc, Cooper Vision Inc, Johnson & Johnson Vision, Bausch Health Companies Inc., HOYA Vision Care Company, Contamac, ZEISS Group, SynergEyes, Menicon Co., Ltd., Gelflex, Orion Vision Group , Solotica, Medios, SEED CO. LTD, etc.
Contacts For Astigmatism
DelveInsight’s “Contact Lens Market” research report provides current and forecast contact lens market trends for the next five years, upcoming innovations in the field, along with market shares, challenges, drivers and barriers, and key competitors in the market.
Contact lenses are thin, clear plastic discs that are worn directly on the cornea to improve vision.These lenses play a vital role in overcoming different types of refractive errors.Spherical contact lenses are used to treat myopia, hyperopia and bifocals, and monofocal spherical contact lenses are used to treat presbyopia.
DelveInsights’ Contact Lenses Market report provides in-depth information on contact lenses, segmented by product type (soft contact lenses, rigid breathable contact lenses, hybrid contact lenses, etc.), lens product type (spherical, toric), etc. multifocal and other), usability (everyday disposable, frequent disposable and reusable), use (everyday wear and long-term wear), suitability (corrective, prosthetic and cosmetic) and geography (North America, Europe, Asia Pacific and rest of the world)
Based on availability type, the daily disposable lens market is expected to witness significant revenue growth due to several advantages associated with wearing daily disposable contact lenses, as assessed by DelveInsight.The daily-disposable lenses market will continue to grow at a tremendous rate through 2027 due to rising demand as these lenses require low maintenance by users.
According to DelveInsight, the contact lens market is expected to grow significantly over the forecast period owing to the rising prevalence of eye diseases such as myopia, hyperopia, and astigmatism.According to the World Health Organization, there are approximately 1.8 billion cases of presbyopia worldwide, and the number of cases is expected to increase in the coming years.
According to the International Institute of Myopia (2022), nearly 30% of people in the world are currently myopic, and by 2050, the number of myopic people is said to increase to 50%, reaching 5 billion.In addition, the increase in the population in the age group 40-65 is another factor contributing to the increase in the prevalence of presbyopia.
Apart from the rising prevalence of ophthalmic diseases, continued R&D activities, growing interest from companies in lens manufacturing, and positive attitude from regulators will also contribute to the growth of the contact lens market.However, the availability of alternative products and complications associated with contact lenses may hinder the growth of the contact lens market.
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According to DelveInsight, North America is expected to dominate the global contact lens market in terms of revenue generation.Widespread use of contact lenses by end users is one of the major factors driving the North American contact lens market.Other major factors such as large patient population associated with refractive errors, high consumer awareness, new product launches, growing interest in product development by pharmaceutical companies, and local presence of key market players will also drive the market growth .
Contacts For Astigmatism
In the United States, nearly 45 million people wear contact lenses, according to the CDC (2021).Furthermore, it has been observed that two-thirds of contact lens wearers are women.Contact lenses are flexible for sports, lifestyle and career use.Over the next few years, several major companies are expected to enter the market, and many products are expected to gain regulatory approval.
Likewise, in Canada, the contact lens market will see positive growth.According to the Canadian Association of Optometrists, nearly 30% of the Canadian population is nearsighted.In addition to increasing prevalence in Canada, myopia occurs at an earlier age and progresses faster than in previous generations.Overall, product development activities along with a large patient population will drive the Canadian contact lens market.
Interested to know how the global contact lens market will grow in 2027?Click for a snapshot of contact lens market trends and developments.
The contact lens market has changed significantly over the years due to the active participation of global pharmaceutical companies and technological advancements in the field.
According to DelveInsight, ongoing clinical and commercial development activities and ongoing research in this area will contribute significantly to the contact lens market in the coming years.
Some of the major players in the contact lens market include Alcon Inc, Cooper Vision Inc, Johnson & Johnson Vision, Bausch Health Companies Inc., HOYA Vision Care Company, Contamac, ZEISS Group, SynergEyes, Menicon Co., Ltd., Gelflex, Orion Vision Group , Solotica, medios, SEED CO. LTD, etc.
According to DelveInsight, several new players are expected to enter the contact lens market in the coming years due to extremely high growth rates and positive returns.The entry of new players and the launch of emerging players will greatly boost the growth of the contact lens market.
Learn how the entry of new players in the competitive landscape of contact lenses will change the contact lens market in the years to come.
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About DelveInsight DelveInsight is a leading business advisory and market research firm focused on the life sciences.It supports pharmaceutical companies by providing comprehensive end-to-end solutions to improve their performance.
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Post time: Jul-08-2022
