Notes

International Contact Lenses Markets 2022-2027 The introduction of high-tech contact Lenses
The world market for contact lenses is expected to grow by 5.97% over the forecast period. Global vision care relies on contact lenses. With the increasing use of contacts lenses that can correct many vision problems that include myopia, astigmatism, hyperopia and presbyopia will boost an increase in the size of the market for contacts. Demand for lenses in the world will grow because of the growing demand for colored lenses for fashion and also their aesthetic appeal.
CONTACT LENSES MARKET SEGMENTATION
Contact lenses composed of silicon hydrogel are advantageous because they reduce risk factors including red eyes, as well as blurred vision. Lenses made of silicon hydrogel have a number of advantages, including extended wear, continuous wearing, greater comfort and better performance.
Changes in lifestyles and environment conditions like smoking, excessive exposure to UV raysand pollution also increase the incidence of eye diseases, such as refractive error, cataracts, and the glaucoma. A rise in number of diabetics also leads to the rise of eye disorders like retinopathy, glaucoma and cataracts. They also cause temporary blurring of vision. These causes will result in an increase in need for glasses that are corrective during the time frame forecast.
GEOGRAPHICAL OPEN
North America: North America is considered an attractive market for contact lenses due to high healthcare spending within the region. In the US Cosmetic contact lenses use is also quite high. This is because of the increased awareness and importance of attractive looks within the US populace.
APAC 2021: APAC made up more than 30 percent of the world market for contact lenses. APAC ranks as the second-largest actor in the global contact lens market. Japan has 27% of the market share in contact lenses. It's illegal that eye specialists sell and distribute contact lenses. So many doctors own and operate contact lens retail stores. Doctors are a key player in determining prices for contact lens products.
KEY HIGHLIGHTS
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The technological advancements in the production procedure of the item drive expansion in the market. For instance, CooperVision has partnered with the bank that makes plastic to create a "plastic neutral" contact lens. CooperVision is a key supplier in this field.
There's a rising number visually impaired people, which will increase further throughout the forecasted time. Market growth will be caused by myopia as well as the growing old age.
RECENT DEVELOPMENTS
In 2020, Alcon has expanded their contact lens collection in Canada by introducing its new revolutionary PRECISION1 disposable daily silicon hydrogel contacts.
In April of this year, Johnson & Johnson Vision Care business segment has launched Acuvue Oasys with transitions. Its unique feature is that it incorporates transitions with light intelligent technology. It is built to be able to respond quickly to the changing conditions of light and minimize exposure to bright daylight both outside and inside.


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