Disposable Contact Lenses are Gaining
Traction in Terms of Durability & Versatility
Disposable
contact lenses are becoming increasingly popular among people of all ages
because of its convenient usage. Coloured contact lenses completely alter the
colour of an eye and are used by millions of individuals for solely cosmetic
reasons. The lack of time for protein deposits to accumulate and greater
hygiene associated with the use of disposable contact lenses are the primary
factors driving the global expansion of disposable contact lenses. The
popularity of daily disposable lenses is growing as a new set of lenses
gives the wearer much better comfort. As a result, many players have started
producing daily disposable lenses. Most users consider these as the healthiest
contact lenses. Daily disposable lenses are also prescribed by eye care
professionals to avoid the issues associated with prolonged lens replacements. Optometrists
recommend contact lenses to treat vision problems and reduce the probability of
complications arising and developing poor vision. The most popular option for
buyers is disposable contact lenses. These are far more durable, fit well on
eye lenses, provide comfort and are simple to remove and put on. The
increased use of digital gadgets for work and a changing lifestyle are the
major reasons behind deteriorating eyesight and many people use
glasses to decrease errors and blurry vision. These lenses can aid with eye
redness, inflammation, dryness, and tiredness. Disposable contact lenses are
becoming increasingly popular among consumers due to their durability and
versatility.
Increased Awareness of Eye Protection &
Fashion Trends to Drive Market Growth
The disposable contact lenses
market in North America is expanding rapidly. The United States is a prominent
market for disposable contact lenses and is expected to lead throughout
the forecast period. These contact lenses are becoming more popular as a
result of celebrity endorsements of these products in movies and
advertisements, changing fashion and lifestyle, and the high income of people. Increased awareness of eye protection and safety is
also encouraging market expansion. The Asia Pacific region has the greatest
demand for disposable contact lenses. Because of their customizable colours,
these glasses are popular in countries like China and Japan. There are
fashion trends in some countries where people change their eye colour to match
a festival or venue theme. Rising demand for disposable contact lenses by
sports players in China and India, as well as enhanced penetration of contact
lens manufacturers in Asia Pacific's emerging economies, are expected to fuel
the expansion of the Asia Pacific disposable contact lenses market with
a significant rate of growth. Rising disposable income is another
factor driving the disposable contact lenses market in the region.
Preference for Prescription Glasses, Eye
Infection & Govt. Regulations are Likely to be a Challenge for Market
Participants
Disposable contact lenses market
is facing restraints such as excessive use of contact lenses can
cause eye irritation and redness. If it is not properly cleaned and
stored, microbial contamination may occur, resulting in eye illness. If the
lenses are not removed before sleeping, it can cause septic and lead to severe
eye injury. As contact lenses are considered as a class II medical device,
they require a prescription. Due to government regulations in some
countries, their sale is restricted, and consumers need to get a
prescription to purchase them. The unwillingness of the patient population to
wear lenses due to a lack of awareness, as well as a preference
for prescription glasses are factors limiting the growth of the
disposable contact lenses market. Disposable contact lens market is further
hampered by various operations and surgeries that aid in the permanent
cure of eye sight disorders.
Disposable Contact Lenses Market Segmentation
The global disposable contact
lenses market is segmented on the basis of design, material, product type, usage,
packaging and distribution channel.
On the basis of Design:
·
Cylindrical Lenses
·
Toric Lenses
·
Spherical Lenses
·
Bifocal Lenses
·
Multifocal Lenses
·
Others
On the basis of Material:
·
Silicon Hydrogel
·
Polymers
·
Hydrogel
·
Others
On the basis of Product Type:
·
Corrective Lenses
·
Therapeutic Lenses
·
Cosmetic Lenses
·
Prosthetic Lenses
·
Others
On the basis of Usage:
·
Daily
·
Weekly
·
Monthly
·
Yearly
On the basis of Packaging:
·
Glass Vial
·
Plastic Vacuum Blister Pack
·
Foil Vacuum Blister Pack
·
Others
On the basis
of Distribution Channel:
·
Optical Stores
·
Online Stores
·
Multi-brand Stores
·
Independent Stores
·
Others
Market Participants are Aiming to Gain Ground
with Technical Advancements & Novel Innovations
Leading market players are conducting awareness campaigns
and launching innovative products, that are expected to drive the growth of
daily disposable contact lenses. Bausch Health Companies Inc., released a novel
hydrogel-based contact lens Bausch + Lomb ULTRA® ONE DAY in 2022 that is a
one-day disposable type of contact lens. The lens is made with ComfertFeel
technology, which delivers moisturisers, osmoprotectants and electrolytes
to keep eyes protected and moist all day. Alcon Inc. an eye care product
company, launched PRECISION1 for Astigmatism in Jan 2021, a daily
disposable silicone hydrogel (SiHy) lens created for astigmatic patients in the
United States. Bausch Health Companies Inc. launched the Bausch + Lomb
INFUSE silicone hydrogel daily disposable contact lens in Aug 2020 to
improve ocular surface homeostasis and minimize contact lens dryness symptoms. Tangible
Science product offering of daily disposable silicone hydrogel contact lenses
coated with a modified formula of Tangible Hydra-PEG, which aims to increase
lens wettability and deposit resistance, was authorised by the Food and Drug
Administration (FDA) in Dec 2018. The FDA approved the first contact
lens with an additive that can automatically darken the lens when exposed to
bright light in Apr 2018. Johnson & Johnson MedTech announced the release
of its latest innovation, ACUVUE® OASYS MAX 1-DAY contact lenses and ACUVUE®
OASYS MAX 1-Day MULTIFOCAL contact lenses for presbyopia, in Sep 2022. Various
improvements and technical advancements are making these lenses more durable,
comfortable, and lightweight. As the number of people suffering from eyesight
problems increases, it will lead to the market expansion.
Bausch Health Companies Inc., Novartis Pharmaceuticals
Corporation, CooperVision, Johnson & Johnson, ZEISS International, HOYA Corporation,
Blanchard Lab are some of the well-known companies that are operating in the
disposable contact lenses market.
Rising Eye Sight Problems will Increase the
Use of Disposable Contact Lenses
There are numerous eye sight
problems, including myopia, hyperopia, and presbyopia. People are opting for
contact lenses to reduce the discomfort and poor vision caused by these issues
and to avoid subsequent complications. Silicon-based contact lenses, such as
silicon hydrogel, are becoming increasingly popular. These disposable contact
lenses, in addition to being a solution for vision issues, are customisable,
allowing the user to modify the colour of their eyes. As a fashion trend,
several coloured disposable contact lenses are available, allowing users to temporarily
improve or entirely change the colour of their lens. Growing opportunities for
the disposable contact lenses market are being created by the research and
development activities associated with water surface daily disposable contact
lenses for all-day wear, as daily disposable contact lenses are replaced every day;
less tear protein and debris accumulate on the lens surface than with reusable
lenses. As a result, using these lenses reduces the chance of patients
developing giant papillary conjunctivitis (GPC) and/or ocular allergic
reactions.
The report provides a detailed
overview of the disposable contact lenses market insights in regions including
North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle
East and Africa. The country-specific assessment for disposable contact lenses
market has been offered for all regional market share, along with forecasts,
market scope estimates, price point assessment, and impact analysis of
prominent countries and regions. Throughout this market research report, Y-o-Y growth
and CAGR estimates are also incorporated for every country and region, to
provide a detailed view of the disposable contact lenses market. These Y-o-Y
projections on regional and country-level markets brighten the political,
economic and business environment outlook, which are anticipated to have a
substantial impact on the growth of the disposable contact lenses market. Some
key country and region included in the disposable contact lenses market report
as follows:
North America (U.S., Canada)
Latin America (Mexico, Argentina,
Brazil, Peru, Chile)
Europe (Germany, France, Italy, U.K.,
BENELUX, Nordics, Spain, Poland, Russia, CIS)
Asia Pacific (China, ASEAN, India,
Japan, South Korea)
Oceania (Australia, New Zealand)
Middle East and Africa (South
Africa, GCC Countries, Turkey, Israel, Iran)
The Disposable Contact Lenses Market
Research Report Covers In-depth Analysis on:
·
Disposable contact lenses market segments
·
Disposable contact lenses market dynamics
·
Disposable contact lenses market value and share
analysis
·
Recent trends, restraints, opportunities in disposable
contact lenses market
·
Companies & competition involved disposable
contact lenses market
·
Latest technologies in disposable contact lenses
market
·
Supply chain and value chain disposable contact
lenses market
·
Disposable contact lenses market sales and
distribution strategies
Disposable Contact Lenses Market Growth
Highlights:
·
A comprehensive overview of parent market
·
Market dynamics, demand and trends in the industry
·
Current, historical and anticipated market size in
terms of volume
·
In-depth market segmentation
·
Competition landscape
·
Key strategies of leading companies and product
portfolio
·
Disposable contact lenses industry trends and developments
·
Potential and country, regions and segments
exhibiting future growth
·
A detailed viewpoint on disposable contact
lenses market forecast by countries
·
Essential information to enhance market position
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