Contact Lenses Market Size (2022-2030) Share, Industry Trends, Growth, Challenges and Forecast Analysis Report: Growth Reports more

NEW YORK, September 15, 2022 /PRNewswire/ — According to the latest report published by Growth Plus Reports, the contact lens market it is expected that the clock US$14.36 billion by 2030 and grow to a 5.20% CAGR during the forecast period. The global contact lens market is driven by a growing preference for contact lenses over eyeglasses, increasing aesthetic demand for contact lenses, and an increasing prevalence of myopia. Additionally, affordability of disposable contact lenses and research and development of contact lens materials are fueling the global contact lens market. However, high maintenance costs, maintenance of lens hygiene and disinfection are difficult to track, and limited wearing time is holding back the global contact lens market..

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Excerpts from “Competitive Landscape”

Key players operating in the global contact lens market are

  • Abbott Medical Optics, Inc.

  • Alcon Vision LLC

  • Bausch & Lomb Incorporated

  • Carl Zeiss

  • Meditec AG

  • CooperVision, Inc.

  • Essilor International S.A.

  • Hoya Corporation

  • Johnson & Johnson Vision Care, Inc.

  • X-Cel Specialist Contacts

  • Medennium

  • Menicon Co.,Ltd

  • STAAR Surgical Society

  • SynergEyes, Inc.

Growth engines

Myopia causes visual refractive error and occurs most often in children and geriatric populations. Patients with myopia can experience blurred vision, headaches due to eye strain, and uncorrected myopia is one of the leading causes of distance vision impairment worldwide. Myopia increases the risk of eye changes and, if left untreated, can lead to other chronic eye diseases, such as glaucoma and cataracts. According to the World Health Organization, 2.2 billion people worldwide have distance and near vision impairment, and at least 1 billion people have visual impairment that can be prevented or must be treated. Cataracts and uncorrected refractive errors are the most common causes of vision loss. Many people with eye problems are over 50, but vision loss can occur at any age. In October 2021the World Health Organization has stated that the estimated worldwide cost of lost productivity associated with uncorrected myopia is nearly 244 billion US dollars.

Contact lenses are clear, thin, transparent medical devices shaped like a curved disc that are placed directly on the cornea of ​​the eye and help correct refractive errors. Contact lenses are used for the treatment of farsightedness, astigmatism, myopia and presbyopia and are the best alternatives for LASIK surgery and glasses.

The global contact lens market has been analyzed from five different perspectives: type, application, usage, design, distribution channel, and region.

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Excerpts from “By type”

The global contact lens market has been segmented into:

Soft lenses dominate the global contact lens market due to their high comfort and they provide clear, stable and sharp vision. Additionally, longer wearing time than hard lenses, high adoption rate, less time required for wearing, and customization options are contributing to the growth of the global soft contact lens market.

Excerpts from “Request”

The global material-based contact lens market has been segmented into

  • Prosthetic contact lenses

  • Corrective contact lenses

  • Therapeutic contact lenses

  • Cosmetic contact lenses

Corrective contact lenses are used for refractive errors and vision. Corrective contact lenses are expected to show the strongest growth due to increased cases of age-related macular degeneration, increased cases of myopia and increased cases of dry eye and eye strain . Additionally, the therapeutic use, customization option, and high demand for corrective contact lenses are driving the growth of the global corrective contact lenses market.

Excerpts from ‘Segmentation by region’

North America dominates the global contact lens market, followed by Asia Pacific. The large part of North America in the global market can be attributed to the increasing prevalence of myopia, the increase in ophthalmic diseases and the availability of new products. Moreover, high disposable income, high adoption rate for contact lenses, technological advancements, developed infrastructure, high number of approved contact lenses and huge number of key players are contributing to the growth of the North America contact lens market.

Contents

  1. INTRODUCTION

  2. RESEARCH METHODOLOGY

  3. PREMIUM OVERVIEW

  4. MARKET DYNAMICS

  5. GLOBAL CONTACT LENS MARKET – ANALYSIS AND FORECAST, BY TYPE

  6. GLOBAL CONTACT LENS MARKET – ANALYSIS AND FORECAST, BY APPLICATION

  7. GLOBAL CONTACT LENS MARKET – ANALYSIS AND FORECAST, BY USE

  8. GLOBAL CONTACT LENS MARKET – ANALYSIS AND FORECAST, BY DESIGN

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