Global Contact Lenses Marketplace 2023-2028: Soft Contact Lenses Continue to Dominate, Silicone Hydrogel (SiHy) Lenses Projected to Increase in Popularity

DUBLIN, June 9, 2023 /PRNewswire/ -- The "Contact Lenses: Technologies and Global Markets" report has been added to ResearchAndMarkets.com's offering.

The increasing prevalence of eye disorders such as astigmatism and myopia is a crucial growth factor for the contact lens market. An ageing population, increased affordability, and technological advancements and innovations are other growth factors for the contact lens market. Contact lenses may be used for cosmetic and therapeutic applications, and the growing attention to personal image and fashion among Asian consumers has increased demand in those regions. Cosmetic contact lens manufacturers target teenagers and the younger generation primarily.

Comfort is a crucial requirement for contact lenses for patients, and discomfort is the primary reason for discontinuing their use. Over the past few years, significant developments have occurred in the field of contact lens comfort, and growth in the market can be attributed to these new products that have increased comfort and performance. Innovations include silicone hydrogel materials, toric lenses for astigmatism management and multifocal lenses for near-blurred vision. The advantages offered by daily disposable lenses have also bolstered sales over the period.

The increasing acceptance of photorefractive keratectomy (PRK) and laser-assisted-in-situ keratomileusis (LASIK) surgeries for vision correction threatens the growth of the contact lens market. The lower durability of soft contact lenses made with flexible polymer-plastic materials is also a challenge to the development of this market. (The frequency of replacing contact lenses is based on replacement schedules suggested by the individual manufacturer.)

A small number of players dominate the contact lens market: Bausch + Lomb (a Valeant Pharmaceuticals company), CooperVision Inc. (a subsidiary of Cooper Companies Inc.), Johnson & Johnson Vision Care Inc. (a subsidiary of Johnson & Johnson), Alcon (a Novartis division), and Abbott Medical Optics Inc. (a subsidiary of Abbott Laboratories). Other contributors to this market include ABB Optical Group, Unilens Vision, Contamac, Excel Optics, Eagle Optics, Essilor International SA, Hoya Corp., Hydrogel Vision Corp., SynergEyes Inc., and others.

Soft contact lenses continue to dominate the marketplace, and silicone hydrogel (SiHy) lenses, in particular, are poised to continue their increasing popularity. The global market for GP lenses is primarily influenced by the increased demand for corneal refractive therapy (CRT) and orthokeratology (ortho-k) lenses. The introduction of scleral lenses also helped the GP contact lens market to grow.

Report Scope

This research report analyzes the global contact lens products and technologies market by product type and geographic region, focusing on soft and rigid lenses, the most prevalent types of contact lens products and technologies. The report covers both products and technologies affecting specifically the aging demographics.

An in-depth analysis of key companies operating in the global contact lens products and technologies market is also included. The information also focuses on companies involved in developing products and emerging technologies.

The base year for market data is 2021, with historical data provided for 2020 and 2019 and forecast data provided through 2027. Historical, base year and forecast data are provided for each market segment of the report. In terms of geography, the report analyzes the market across North America, Europe, Asia-Pacific, and the Rest of the world (RoW). The report covers:

• 22 data tables and 13 additional tables
• An overview of the global market and technologies for contact lenses
• Analyses of global market trends, with data from 2020, 2021, 2022, and projections of CAGRs through 2028
• Coverage of present and future strategies within the contact lens market, which includes soft and rigid gas permeable contact lenses and several other types, which can be separated by design and by their usage
• In-depth analysis of changing dynamics and adoption trends affecting developing economies concerning market penetration in these areas
• Detailed analysis of applications, the regulatory environment, market projections and market shares
• A breakdown of the market and its products by purpose, usability, design, corrective nature, and other characteristics
• Company profiles of major players within the industry, including Alcon, Bausch + Lomb Inc., Hoya Corp., Johnson & Johnson, and Zeiss Group

Full List of Companies Profiled

• Alcon
• Bausch + Lomb Inc.
• Bio-Tissue Inc.
• Coopervision
• Dutch Ophthalmic Research Center International BV
• Ellex Medical Lasers
• Essilor Luxottica
• Eyenuk Inc.
• Glaukos
• Heidelberg Engineering GmbH
• Hoya Corp.
• Ioptima Ltd.
• Iridex Corp.
• Johnson & Johnson
• Lenstec Inc.
• Lumenis
• Oasis Medical Inc.
• Quantel Medical
• Shanghai Haohai Biological Technology Co. Ltd.
• Softcare
• Staar Surgical
• Topcon
• Zeiss Group

Chapters Covered
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
Chapter 4 Market Breakdown by Product Type
Chapter 5 Market Breakdown by Usage
Chapter 6 Emerging Technologies
Chapter 7 Evaluation of the Market Based on Geographic Region
Chapter 8 Competitive Analysis
Chapter 9 Patents
Chapter 10 Company Profiles
Chapter 11 Appendix
List of Tables
List of Figures

For more information about this report visit https://www.researchandmarkets.com/r/1zy4q5

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets