Notes

Global Contact Lenses Markets 2022-2027 Introduction of hi-tech Contact Lenses
The market for contact lenses in the world will grow at 5.97 percent during the period of forecast. Contact lenses constitute an essential part of the worldwide vision care market. A growing demand for contact lenses to correct various vision disorders, such as myopia, hyperopia, astigmatism and presbyopia, will drive the expansion of the worldwide market for contact lenses. Worldwide demand is expected to rise due to the rising popularity of colored contacts lenses in the fashion industry and the aesthetic appeal they bring.
CONTACT LENSES MARKET SEGMENTATION
Contact lenses constructed of silicone hydrogel offer the benefit that they minimize risk factors such as red eyes and blurred vision. The lenses made of silicone have many advantageslike extended wear, continuous wearing more comfort, and superior quality.
Changes in lifestyle, environmental factors, such as excessive exposure to UV radiation smoke, pollution, and other unhealthy habits, can make it more likely for people to develop eye diseases such as cataracts, refractive errors and glaucoma. The increase in the diabetes population is also a factor in the increase in eye diseases like retinopathy, glaucoma, cataracts, the temporary blurring of vision. These factors are predicted to increase the demand for corrective contact lenses in the market during the period of forecast.
Colored Contact Lenses
GEOGRAPHICAL AROUNDLOOK
Gray Contact Lenses
North America: North America is seen as a lucrative market for contact lens sales due to the large amount of healthcare dollars across the continent. In the US the cosmetic contact lens usage is also comparatively high. A growing awareness and importance of aesthetic appearances in the US is the reason for this.
APAC 2021: APAC made up more than 30% of the global contact lenses market. It's also the second largest manufacturer of contact lenses in the market. Japan has 27% of the share in APAC on the contact lenses market. Uniquely, it's against the law for eye doctors to distribute or sell contact lenses. Many doctors have their own retail stores for contact lenses. The doctors play a crucial role in setting the price of lenses.
KEY HIGHLIGHTS
Technological advances in the manufacturing process of making the item drive expansion in the market. CooperVision has, for instance, has joined forces together with the bank of plastic in attempt to make a "plastic-neutral" contact lens. CooperVision is an important participant in the market.
Colored Contact Lenses
There's a rising number of people with visual impairments that will continue to increase over the next few years. Market growth will be caused by myopia as well as the growing old age.
NEW DEVELOPMENTS ARE IMPORTANT
The year 2020 will see Alcon boosted its contact lens selection in Canada with the introduction of its innovative PRECISION1 daily disposable, Hydrogel silicone contact lenses.
In April of 2019, Johnson & Johnson Vision Care business division has launched Acuvue Oasys with transitions. Its unique feature is that it is equipped with transitions and light intelligence technology. It was designed to react rapidly and efficiently to changes in circumstances in light while decreasing the exposure to bright light both inside as well as out.



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