/ sacktwine69's Library/ Notes/ International Contact Lenses Markets, 2022-2027 - Introduction of Hi-Tech Contact Lenses
International Contact Lenses Markets, 2022-2027 - Introduction of Hi-Tech Contact Lenses
from web site
The contact lenses market is expected to grow at a compound annual growth rate of 5.97 percentage over the forecast time. Contact lenses constitute an essential part of the worldwide vision health market. Growing use of contact lenses to correct multiple vision dysfunctions that include myopia, hyperopia, astigmatism, and presbyopia, will promote an increase in the size of the market for contact lens. There is a growing interest in the fashion-conscious look as well as the increasing popularity of colored lenses within the fashion world will increase their demand visual health products across the world market.
Colored Contact Lenses
CONTACT LENSES MARKET SEGMENTATION
Silicone hydrogel lenses are advantageous as they help reduce risk, including the appearance of red eyes, cornea swelling as well as blurred vision. These lenses come with a variety of benefits, such as extended wear, continuous wear improved comfort and performance.
Changes in lifestyle, elements of the environment, like the exposure to high levels of UV, pollution, smoking and others that lead to unhealthy lifestyles, could increase the incidence of conditions that affect the eyes, such as cataracts, refractive error, and the glaucoma. The increase in the diabetes population is also a factor in the increase in eye diseases such as retinopathy, glaucoma, cataracts, temporarily blurred vision. These factors will all result in an increase in prescriptions for corrective lenses over the period of forecast.
GEOGRAPHICAL OUTLOOK
North America: North America is a major source of healthcare spending and it is generally considered to be an ideal location for contacts. Contact lens use for cosmetic purposes in the US is also impressive. Increased importance and recognition of aesthetic appearances in the US is the main reason behind this.
APAC: APAC was responsible for over 30% of total market share for contact lenses in 2021. APAC is the 2nd largest actor in the global market for contact lenses. Japan holds 27% of the APAC market share for contact lenses. The thing that makes Japan unique is that it is illegal for eye surgeons to offer or sell lenses. A lot of doctors own their own retail stores for contact lenses. Thus doctors play an essential contribution to the pricing of the products.
KEY HIGHLIGHTS
The market is expanding because advancements in technology that have been made by manufacturers. For instance, CooperVision has partnered with the bank that makes plastic to create a "plastic neutral" contact lens. CooperVision is one of the major players, is taking the initiative to create recycled materials-based contact lenses on the market.
Red Contact Lenses
The number of visually impaired persons has been increasing, and will continue to grow in the future. The increasing target market in the market for contacts caused by myopia growing elderly population, and increasing demand for contact lenses over prescription spectacles is expected to drive the market in the near future.
NEW DEVELOPMENTS ARE IMPORTANT
Alcon has expanded the range of contact lenses available in Canada in 2020 by introducing of its PRECISION1 disposable silicon hydrogel lenses.
Blue Contact Lenses
Acuvue Oasys has transitions was first introduced through Johnson & Johnson Vision Care on April 19, 2019. Its unique feature is that it incorporates transitions with light intelligent technology. This device is designed for rapid adaptation to the changing conditions of light as well as reduce exposure to harsh lighting both in and outside.
Colored Contact Lenses
CONTACT LENSES MARKET SEGMENTATION
Silicone hydrogel lenses are advantageous as they help reduce risk, including the appearance of red eyes, cornea swelling as well as blurred vision. These lenses come with a variety of benefits, such as extended wear, continuous wear improved comfort and performance.
Changes in lifestyle, elements of the environment, like the exposure to high levels of UV, pollution, smoking and others that lead to unhealthy lifestyles, could increase the incidence of conditions that affect the eyes, such as cataracts, refractive error, and the glaucoma. The increase in the diabetes population is also a factor in the increase in eye diseases such as retinopathy, glaucoma, cataracts, temporarily blurred vision. These factors will all result in an increase in prescriptions for corrective lenses over the period of forecast.
GEOGRAPHICAL OUTLOOK
North America: North America is a major source of healthcare spending and it is generally considered to be an ideal location for contacts. Contact lens use for cosmetic purposes in the US is also impressive. Increased importance and recognition of aesthetic appearances in the US is the main reason behind this.
APAC: APAC was responsible for over 30% of total market share for contact lenses in 2021. APAC is the 2nd largest actor in the global market for contact lenses. Japan holds 27% of the APAC market share for contact lenses. The thing that makes Japan unique is that it is illegal for eye surgeons to offer or sell lenses. A lot of doctors own their own retail stores for contact lenses. Thus doctors play an essential contribution to the pricing of the products.
KEY HIGHLIGHTS
The market is expanding because advancements in technology that have been made by manufacturers. For instance, CooperVision has partnered with the bank that makes plastic to create a "plastic neutral" contact lens. CooperVision is one of the major players, is taking the initiative to create recycled materials-based contact lenses on the market.
Red Contact Lenses
The number of visually impaired persons has been increasing, and will continue to grow in the future. The increasing target market in the market for contacts caused by myopia growing elderly population, and increasing demand for contact lenses over prescription spectacles is expected to drive the market in the near future.
NEW DEVELOPMENTS ARE IMPORTANT
Alcon has expanded the range of contact lenses available in Canada in 2020 by introducing of its PRECISION1 disposable silicon hydrogel lenses.
Blue Contact Lenses
Acuvue Oasys has transitions was first introduced through Johnson & Johnson Vision Care on April 19, 2019. Its unique feature is that it incorporates transitions with light intelligent technology. This device is designed for rapid adaptation to the changing conditions of light as well as reduce exposure to harsh lighting both in and outside.
