Notes

World Contact Lenses Markets, 2022-2027 - Introduction of Hi-Tech Contact Lenses
The contact lenses market is growing at a CAGR of 5.97 percentage over the period of forecast. Contact lenses form an integral component of the global market for eye care. With the increasing use of contact lenses to correct many vision problems like myopia, astigmatism, hyperopia and presbyopia, will drive the growth of the global contact lenses market. Worldwide demand is expected to rise due to the increasing appeal of colored contact lenses in the fashion industry and the aesthetic appeal they bring.
CONTACT LENSES MARKET SEGMENTATION
Contact lenses with silicone hydrogel benefit in that they reduce the risk of developing eye redness, swelling of corneas as well as blurred vision. The lenses made of silicone have many advantageslike extended wear, continuous wearing, greater comfort and better quality.
The changing lifestyle and environmental conditions such as smoking, excessive exposure to UV rays, pollutant exposure also increases the risk of eye conditions, like cataracts, refractive errors, and the glaucoma. The rise of the diabetic population also contributes to the rise of eye disorders such as glaucoma, retinopathy and cataracts. They also cause temporarily blurred vision. These factors are predicted to fuel market for corrective lenses for sale during the period of forecast.
GEOGRAPHICAL OutLOOK
North America: North America is a major source of healthcare spending and is thought to be a desirable region for contacts. In the US contacts, the use of cosmetic lenses use is also high. It is because of the rising awareness and importance of good looks in the US majority.
APAC: APAC was responsible more than 30% of the total market share for contact lenses in 2021. The region is also the second biggest manufacturer of contact lenses in the market. Japan holds 27% of APAC's contact lens market share. Uniquely, it is illegal for eye surgeons to sell or distribute contact lenses. Numerous doctors own stores selling contact lenses. Doctors play an important role in determining prices for contact lens products.
KEY HIGHLIGHTS
This market is growing as a result advancements in technology that have been made by manufacturers. CooperVision, for example, has joined forces together with the bank of plastic order to create a "plastic-neutral" contact lens. CooperVision, one of the main players, has taken the step to produce recycled material-based contact lenses available on the market.
There is a growing number of people with visual impairments who have visual impairments, and that number will rise throughout the forecasted time. Growth in markets will be caused by myopia as well as the growing older populations.
NEW DEVELOPMENTS ARE IMPORTANT
The year 2020 will see Alcon increased its contact lenses portfolio in Canada by introducing its new modern PRECISION1 disposable day-to-day disposable silicone hydrogel contact lenses.
Blue Contact Lenses
Acuvue Oasys has transitions was released by Johnson & Johnson Vision Care in April of this year. Its distinctive feature is that it has a light-sensitive transition technology. It's developed to react immediately and effortlessly to shifting circumstances in light while decreasing exposure to bright lights inside as well as out.



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