Notes

The Global Contact Lenses Markets, 2022-2027 - Introduction of High-Tech Contact Lenses
The market for contact lens has been growing at a rate of 5.97 percent during the forecast time. BROWN CONTACT LENSES The global vision health system is dependent on contact lenses. Growing use of contact lenses that restore multi-vision dysfunctions, such as myopia, astigmatism, hyperopia and presbyopia, is expected to boost an increase in the size of the market for contacts. The demand for contact lenses will increase due to the increasing appeal of colored contact lenses for fashion and the aesthetic appeal they bring.

CONTACT LENSES MARKET SEGMENTATION

Contact lenses composed of silicon hydrogel are advantageous because they minimize risk factors such as red eyes and blurred vision. One of the reasons silicon hydrogel lenses are preferred are extended wear, continuous wear, enhanced comfort and efficiency.

Modifications to lifestyle, external factors such as high UV exposure smoke, pollution, and other harmful habits, may cause an increase in the prevalence of eye conditions like cataracts, refractive errors, and Glaucoma. A rise in people with diabetes also contributes to the increase in eye diseases such as glaucoma, retinopathy as well as cataracts that cause temporary blurring of vision. These issues will all result in an increase in prescriptions for corrective lenses over the time frame forecast.

GEOGRAPHICAL OutLOOK

North America: North America has an extremely high amount of healthcare spending and is generally considered to be an ideal location for the purchase of contact lenses. In the US contacts, the use of cosmetic lenses usage is also comparatively high. This is due to growing awareness and significance of appearance and style among the US population.

APAC: APAC was responsible for more than 30 percent of global contact lens market by 2021. APAC is the second largest market player in the world market for contact lenses. Japan has 27% of the share in APAC for the contact lens market. It's illegal to let eye physicians make contact lens sales and distribution. There are many eye doctors who own and operate contact lens retail shops. The doctors play a crucial role in determining the prices of lenses.

KEY HIGHLIGHTS

The market is expanding because of technological advances made in manufacturing. For instance, CooperVision has partnered with the bank of plastics to develop a "plastic neutral" contact lens. CooperVision, one of the major players, is taking the initiative to produce recycled material-based contact lenses available on the market.

It is becoming increasingly common for people to wear contact lenses. visually impaired people that will continue to increase throughout the forecasted time. RED CONTACT LENSES Market growth will be due to myopia and the older populations.

RECENT DEVELOPMENTS

In 2020, Alcon expanded its contact lens portfolio in Canada by introducing its new modern PRECISION1 disposable day-to-day disposable silicone hydrogel contact lenses.

Acuvue Oasys has transitions was released through Johnson & Johnson Vision Care in April of 2019. Its distinct feature is it contains transitions light intelligent technology. It is built for rapid adaptation to changing light conditions as well as reduce exposure to harsh lighting both in and outside.
Homepage: https://coloryoureye.com/product-category/green-contact-lenses/