Disposable Contact Lenses Market Size, Share and Global Trend by Type (Cylindrical Lenses, Toric Lenses, Spherical Lenses), By Distribution Channel (Optical Stores, Online Stores), By Material (Silicon, Hydrogel, Polymers, Hydrogel), By Usage (Corrective Lenses, Therapeutic Lenses, Cosmetic) and Geography Forecast till 2023-2030
KEY MARKET INSIGHTS
The global disposable contact lenses market size expected to drive positive and strong growth in the forecast period 2019-2026. A contact lens is a thin and clear object placed on the film of an eyeball to cover the surface of an eye. While they seem to be a modern addition to the aesthetics of an eye, they are more often used by people for vision correction. They correct the refractive index of an eye and maintain the ocular clearance. Disposable contact lenses are designed in such a way that they can be worn for one day to a few weeks and can be removed & discarded at the end of their usage period.
They have typically high water content, and cannot be reused. Disposable contact lenses are gaining popularity amongst all the age groups for their convenient usage. Colored contact lenses entirely change the hue of an eye, and are used by millions of people for purely cosmetic purposes.
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Contact lenses may offer better eyesight as they do not get splattered by rain or mud & do not fog up like sunglasses, which represent the positive advances in terms of the comfort level of patients. Lack of time for the build-up of protein deposits and better hygiene associated with the use of disposable contact lenses are the key factors driving the expansion of disposable contact lenses across the globe.
However, the reluctance of patient population towards the use of lenses owing to lack of knowledge, and higher preference towards the use of prescription glasses especially in emerging countries are factors restraining the growth of the global disposable contact lenses market in 2018.
Key Players Covered:
Some of the major companies that are present in the global disposable contact lenses market are;
- Bausch Health,
- Novartis AG,
- CooperVision Inc.,
- Johnson & Johnson Services Inc.,
- ZEISS International,
- Others.
SEGMENTATION
ATTRIBUTE | DETAILS |
By Type |
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By Distribution Channel |
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By Material |
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By Usage |
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By Geography |
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Among types, spherical lenses are projected to hold a considerable share of the global disposable contact lenses market due to higher adoption of spherical lenses by ophthalmology professionals for the correction of commonly occurring ophthalmic conditions such as myopia and hyperopia.
Key Insights
- Prevalence of Key Ophthalmic Diseases in Major Countries
- Key Mergers & Acquisitions
- Pricing Analysis
- Success Factors of Major Players
- Technological Advancements in the Disposable Contact Lenses
Regional Analysis
The U.S. is considered to be a prominent market for disposable contact lenses and is estimated to continue to remain leading throughout the forecast period. However, rising demand for the disposable contact lenses by sports players in China & India, and improved penetration of contact lens manufacturers in the emerging economies of Asia Pacific is expected to propel the expansion of disposable contact lenses market in the Asia Pacific with the relatively significant growth rate.
Key Industry Developments
- In January 2019, the European contact lens manufacturer Mark’ennovy announced the collaboration with the Australian contact lens manufacturer Capricornia in order to strengthen the company’s focus on Australia and also attempt to improve fitting, logistics, customer care and distribution
- In January 2019, the Food and Drug Administration (FDA) approved Tangible Science LLC’s product offering of daily disposable silicone hydrogel contact lens coated with a modified formula of Tangible Hydra-PEG, which aims to improve the lens wettability and deposit resistance
- In April 2018, the Food and Drug Administration (FDA) approved the first contact lens to include an additive that can automatically darken the lens when exposed to bright light
- Ongoing
- 2023
- 2019-2022
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