The Global Contact Lenses Markets 2022-2027 Introduction of High-Tech Contact Lenses The global contact lens market will expand at 5.97% over the period of forecast. The global vision health system is dependent on contact lens. A growing demand for contacts lenses that can correct multi-vision dysfunctions like myopia, hyperopia, astigmatism, and presbyopia, will drive an increase in the size of the contact lenses market. The growing focus on the visual appearance as well as the rising popularity of colored contact lenses in the fashion world will increase the demand for these types of vision health products across the world market.
CONTACT LENSES MARKET SEGMENTATION
Contact lenses constructed of silicone hydrogel have the advantage that they can reduce the risk of a variety of factors, like red eyes or blurred vision. Some of the factors why silicon hydrogel lenses are the most popular are extended wear, continuous wear, greater comfort and superior performance.
The altering lifestyle as well as environmental conditions such as smoking, high exposure to UV raysand pollutant exposure also increases the risk of eye disorders such as cataracts, refractive errors, and Glaucoma. The eye disorders such as retinopathy and cataracts are also on the rise due to the increase of diabetes sufferers. These factors will all result in an increase in prescriptions for corrective lenses over the time frame forecast.
GEOGRAPHICAL OUTLOOK
North America: North America is thought to be an appealing market for contact lens sales due to the large amount of healthcare dollars across the continent. Contact lens use for cosmetic purposes within the US is also very high. Increased importance and recognition of appearances and appearances in the US is the reason for this.
Colored Contact Lenses
APAC: APAC was responsible for over 30% of worldwide contact lens sales by 2021. APAC is the second largest market player in the market. Japan has 27% of all the shares in APAC within the contact lens market. It''s against the law to let eye physicians make contact lens sales and distribution. So many doctors own and operate retail contact lens stores. The doctors play a crucial role in determining the prices of contact lens products.
Colored Contact Lenses
KEY HIGHLIGHTS
Technology advancements that aid in the method of producing the lens drive its growth on the market. CooperVision, for example, has joined forces along with the plastic bank the effort to develop a "plastic-neutral" contact lens. CooperVision is a leading supplier in this field.
The number of visually impaired people and this will grow in the forecast period. The growing target population in the market for contacts caused by myopia increasing number of elderly people, and the rising preference to use contact lenses instead of prescription spectacles will drive the market to the near future.
NEW DEVELOPMENTS ARE IMPORTANT
Colored Contact Lenses
Alcon has grown its Canadian contact lens collection in 2020 through the introduction of its PRECISION1 disposable silicone hydrogel lenses.
Acuvue Oasys has transitions was first introduced from Johnson & Johnson Vision Care on April 19, 2019. What makes it unique is its light intelligent transitions technology. It was designed to react swiftly and smoothly to the changing light conditions while reducing exposure to bright lights inside and outside.