Notes

World Contact Lenses Markets 2022-2027 Introduction of Hi-Tech Contact Lenses
The market for contact lenses in the world is expected to grow by 5.97 percent over the period of forecast. Vision treatment in the global market is dependent on contact lens. Market growth for contacts in the world is driven by the increase in the use of contacts for correcting multiple eye disorders like hyperopia and presbyopia. Worldwide demand is expected to rise due to the increasing popularity of colored lenses for fashion and also their aesthetic appeal.
CONTACT LENSES MARKET SEGMENTATION

Contact lenses that are made from silicone hydrogel can benefit you because they minimize risk factors such as red eyes and blurred vision. Lenses made of silicon hydrogel have a number of advantageslike extended wear, continual wear more comfort, and superior efficiency.
The altering lifestyle as well as the environmental factors like smoking cigarettes, prolonged exposure to ultraviolet rays, environmental pollutants can also contribute to the increase of eye problems, including refractive error, cataracts and the glaucoma. The increase in the diabetic population also contributes to the increase in eye diseases including glaucoma, retinopathy, cataracts, the temporary blurring of vision. All of these are expected to increase the demand for corrective contact lenses within the period of forecast.
Colored Contact Lenses
GEOGRAPHICAL OPEN
North America: North America is thought to be an appealing market for contact lenses because of the high amount of healthcare expenditure in the region. Contact lens use for cosmetic purposes in the US is as well high. This is due to growing awareness and significance of aesthetic looks among the US people.
APAC: In 2021, APAC represented more than 30 percent of the world market for contact lens. The region is also the second biggest market player in the market. Japan is the largest player with 27% of Asia's market share of contact lenses. Uniquely, it is illegal for eye doctors to market or sell contact lenses. Many doctors have their own contact lens retail shops. The doctors play a crucial role in determining the cost of contact lens products.
KEY HIGHLIGHTS
This market is growing as a result of the advancements in the manufacturing. For example, CooperVision has partnered with the bank of plastics to develop the first "plastic neutral" contact lens. CooperVision is an important actor in this industry.
Blue Contact Lenses
The amount of visually impaired persons has been increasing, and is expected to continue growing as time goes on. The growth in the market will be caused by myopia as well as the growing older population.
RECENT DEVELOPMENTS
The year 2020 will see Alcon increased its contact lenses portfolio in Canada by introducing its new unique PRECISION1 daily disposable silicon hydrogel contacts.
In April 2019, Johnson & Johnson Vision Care business segment launched Acuvue Oasys with transitions. The unique thing about it is that it is equipped with transitions and light intelligence technology. The device was designed to quickly adapt to changes in light conditions as well as reduce exposure to harsh lighting both in and outside.


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