The
global Therapeutic Contact Lenses Market size is expected
to reach USD 7.08 billion by 2030, registering a CAGR of 7.13% from 2022 to
2030, according to a new report by Grand View Research, Inc. Therapeutic
contact lenses can help repair tissue, manage pain, and maintain visual acuity,
thereby surging its preference among individuals. Increasing adoption of
therapeutic contact lenses among the developing economies after ocular surgery
is estimated to surge the demand for therapeutic contact lenses.
The
increasing prevalence of glaucoma is anticipated to surge the demand for
therapeutic contact lenses during the forecast period. For instance, as per the
WHO, the number of people with glaucoma disorder is projected to rise from 76
million in 2020 to 95 million across the globe by 2030. Several researchers
across the countries including China, U.K., and others are focusing on
developing therapeutic smart contact lenses that will monitor eye pressure and
treat glaucoma.
Therapeutic
lenses are used to manage a wide variety of corneal conditions including
corneal erosions, corneal epithelial defects, bullous keratopathy, and
postsurgical disorders such as post-laser vision correction and
post-keratoplasty. Increasing application of therapeutic contact lenses in the
treatment of eye disorders is anticipated to foster the overall market
growth.
The
effects of the ongoing COVID-19 pandemic, as well as the mitigation measures,
may continue to have a material adverse impact on the market. In initial 2020,
almost every major market began to implement business shutdowns, including clinics
of eye care professionals, and the delay of non-urgent surgical ophthalmic
procedures, leading to a global economic stoppage. Such activities have caused
disruptions to the operations, supply chain, facilities, and associate
workforce, hindering the supply chain of medical devices including therapeutic
contact lenses.
Related Press
Release@ Therapeutic Contact Lenses Market Report
List of Key Players in Therapeutic Contact Lenses Market
- Bausch & Lomb Incorporated
- Advanced Vision Technologies
- CooperVision
- VISTAKON (division of Johnson &
Johnson Vision Care, Inc.)
- X-Cel Specialty Contacts
- Contamac
- Excellent Hi-Care Pvt Ltd
- Alcon
- Surgitech Innovation
- UltraVision CLPL
Therapeutic Contact Lenses Market Report Highlights
- Soft lens
segment held the largest market share in 2021 as soft lenses are easier to
adjust and are more comfortable than rigid lenses.
- Corneal
surgery/disorders segment held significant market share in 2021 owing to
the increasing number of corneal surgeries that require therapeutic
contact lens for pain relief.
- E-commerce segment
is anticipated to gain the highest market share during the forecast period
due to the easy accessibility of contact lenses in less time via
e-commerce and rising consumer preference for online shopping.
- North
America was the leading region in 2021 owing to the increasing demand for
therapeutic contact lens, which is used for the treatment of several
ocular diseases.
- The Asia
Pacific region is expected to grow at the fastest growth rate during the
forecast period due to the rising number of surgeries in phototherapeutic
keratectomy across several countries of Asia.
- Some of the
major players include Bausch & Lomb Incorporated, Advanced Vision
Technologies, Contamac, Alcon, Surgitech Innovation, Johnson & Johnson
Vision Care, CooperVision, and X-Cel Specialty Contacts.
Therapeutic Contact Lenses Market Report
Scope
|
Report Attribute |
Details |
|
Market size value in 2022 |
USD 4.08 billion |
|
Revenue forecast in 2030 |
USD 7.08 billion |
|
Growth rate |
CAGR of 7.13% from 2022 to 2030 |
|
Base year for estimation |
2021 |
|
Actual estimates/Historic data |
2017 - 2020 |
|
Forecast period |
2022 - 2030 |
Related Reports@
Myopia
And Presbyopia Treatment Market
Therapeutic Contact Lenses Market Segmentation
Grand
View Research has segmented the global therapeutic contact lenses market based
on product type, application, distribution channel, and region:
Therapeutic Contact Lenses Product Type Outlook
(Revenue, USD Million; 2017 - 2030)
- Soft Lens
- Silicon
hydrogel
- Hydrogel
- Others
- Rigid Lens
Therapeutic Contact Lenses Application Outlook (Revenue,
USD Million; 2017 - 2030)
- Corneal
Surgery/Disorders
- Post Ocular
Surgery
- Drug
Delivery
- Others
Therapeutic Contact Lenses Distribution Channel
Outlook (Revenue, USD Million; 2017 - 2030)
- Retail
- E-commerce
- Others
Therapeutic Contact Lenses Regional Outlook
(Revenue, USD Million; 2017 - 2030)
- North
America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin
America
- Brazil
- Mexico
- Argentina
- Colombia
- MEA
- South
Africa
- Saudi
Arabia
- UAE
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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