Disposable Contact Lenses Market Size, Share, Future Roadmap, Technological Innovations and Growth Forecast to 2027
Income from Single Use Contact Lenses Market is expected to grow in the coming period as they are highly comfortable, easy to handle and healthier for the eyes which are the key drivers for the single use contact lens market. In the WHO report, uncorrected refractive error is the most common cause of visual impairment and the second leading cause of blindness worldwide. Rising rate of ophthalmological and uncorrected refracted eye errors as well as single contact lenses are made of new materials and new designs specifically designed to be disposable are expected to increase the single use contact lens market. The high cost of single-use lenses compared to lenses used for a longer period of time could be the major restraint in the single-use contact lens market. Regular use of contact lenses can lead to problems such as corneal allergy, photophobia, and severe perilimbial infection, which is the challenge for the growth of the single use contact lens market. 1990s in the global market has advanced eye care. The contact lens is a thin curved lens worn on the cornea that covers the surface of the eye. The purpose of this medical device is to correct certain visual deficiencies without affecting ocular health as well as for cosmetic use. Colored contact lenses are used to correct vision and change the appearance of the eye. There are different types of single use contact lenses for various conditions such as astigmatism which results from the different curvature of the cornea, for nearsightedness (myopia), farsightedness (farsightedness) and presbyopia (near visual impairment) . Aesthetics and aesthetics are the main reasons people don’t want to wear glasses, and some issues like aniseikonia and keratoconus are better corrected with single-use contact lenses than with glasses.
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Single-use contact lenses offer several advantages, such as the absence of a chemical set of rinsing, cleaning, disinfecting, lubricating and enzyme-removing solutions, the elimination of the deposit of lipids, calcium and protein and other forms on lentils. In single-use contact lenses, each time a new lens is inserted, user comfort is improved through a new dosage. Due to their health benefits and convenience, single-use contact lenses are gaining popularity among practitioners and consumers.
Single-use contact lens market: segmentation
Soft contact lenses are more preferred over rigid gas permeable lenses because they are easy to handle and made of soft, flexible plastics that allow oxygen to pass through the cornea.
Single Use Contact Lenses Market: Overview
The single-use contact lens market is expected to grow at a healthy CGAR, as the US Centers for Disease Control and Prevention estimated that contact lens wearers are 40.9 million in the US aged 18 and older, or 16.7% of the US adult population. . Around the world, around 282 million people suffer from visual impairment and around 80% of these people can be treated if they take preventive measures.
The use of single contact lenses is an effective option for the treatment of these visually impaired conditions such as ophthalmic diseases and disorders. Improved characteristics of disposable contact lenses, such as an increase in water content of silicone hydrogel lenses, have introduced high levels of comfort and surface lubrication. These innovations, coupled with health benefits and greater convenience, will continue to drive the contact lens market towards single-use contact lenses, and the single-use contact lens market will share more than 80 % of the global contact lens market by 2020.
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Single-use contact lens market: outlook by region
Globally, North America holds the largest single-use contact lens market share due to increasing number of ophthalmology patients and rise in ophthalmic problems among adults, which has resulted in an increased demand for contact lenses and a well-built healthcare infrastructure. Europe shares the second largest market for single-use contact lenses and will show lucrative growth due to advancement in contact lens technologies and increased public funding for eye care.
Asia-Pacific and the Middle East are expected to grow at a considerable CAGR during the forecast period owing to high population, rising disposable income, rising healthcare awareness in educating the masses on the proper use of single use contact lenses as well as the penetration of modern contact lens technology. Additionally, investments made by leading vendors in these regions will propel the growth of the single-use contact lens market.
Disposable Contact Lenses Market: Key Market Players
- Abbott Medical Optics, Inc.
- Alcon inc.
- Bausch & Lomb
- CIBA Vision Corporation
- contact lens wallet
- Cooper Vision Inc.
- Johnsons and Johnsons
- Lens Care Range
- Novartis International AG
CIBA Vision Corporation
The research report presents a comprehensive assessment of the market and contains thoughtful information, facts, historical data and market data backed by statistics and validated by the industry. It also includes projections using an appropriate set of assumptions and methodologies. The research report provides analysis and insights based on market segments such as geographies, applications, and industry.
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Single-use contact lens market: segmentation
The single-use contact lens market is segmented by material type, product type, and distribution channel.
By type of material
- Soft contact lenses
- Gas permeable lenses
By product type
- Spherical lenses
- Toric lenses
- Multifocal lenses
By distribution channel
- Hospital pharmacy
- Detailed Parent Market Overview
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, promising growth geographies
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