Therapeutic Contact Lenses Market Size is projected to reach USD 7.11 Billion by 2030, growing at a CAGR of 7.28%: Straits Research

The Global Therapeutic Contact Lenses Market was valued at USD 3.78 billion in 2021 and is predicted to reach at USD 7.11 billion by 2030, increasing at a CAGR of 7.28% from 2022 to 2030. In 2021, North America was the market leader in the therapeutic contact lens industry.

| Source: Straits Research Straits Research

New York, United States, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Therapeutic contact lenses address ocular and corneal disorders. These lenses protect the cornea from the environment and eyelids. Therapeutic contact lenses mend tissue, preserve vision, and manage discomfort. Therapeutic contact lenses protect the ocular surface against mechanical erosions, especially in people with repetitive corneal erosion syndrome, to induce re-epithelialization and relieve pain. Increasing corneal diseases will enhance the demand for therapeutic contact lenses in the coming year.

Therapeutic lenses address corneal erosions, epithelial abnormalities, bullous keratopathy, and postsurgical conditions such as post-laser vision correction and post-keratoplasty. The use of therapeutic contact lenses to treat eye issues is expected to drive market growth.


Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/therapeutic-contact-lenses-market/request-sample


Global Therapeutic Contact Lenses Market: DRIVERS

  • Therapeutic Contact Lens R&D Increases

Pain relief, corneal healing, sealing & protection, and drug delivery drive the worldwide therapeutic contact lens market. Therapeutic contact lenses replace cumbersome glasses, improving a person's appearance. A frenzy of R&D is boosting the therapeutic contact lens market. Contact lenses with different capacities use different materials.

Seven out of ten North American individuals have trouble driving, and nearly half report stressed eyes from driving under bright lights. Therapeutic contact lenses now serve a much broader demographic. These factors should boost the worldwide therapeutic contact lens market by 2030.

  • Glaucoma, Myopia, And Other Eye Diseases Are Increasing

As glaucoma increases, so will the demand for therapeutic contact lenses. The WHO expects that glaucoma would affect 95 million people worldwide by 2030, up from 76 million in 2020. China, the UK, and others are developing lenses that monitor eye pressure and cure glaucoma.

As the myopia epidemic spreads and more children develop it, myopia will likely become increasingly common. Children and teens should undergo routine screenings to diagnose and treat refractive errors.


Global Therapeutic Contact Lenses Market: KEY FUTURE OPPORTUNITIES 

  • Government Initiatives Create Opportunities

Comfortable and effective contact lenses are being used to correct eyesight. Government measures are improving eye care. Several regional governments are raising awareness about eye health. Global government initiatives will boost the demand for improved eye care during the next few years. The U.S. Public Health Service and the CDC are trying to promote awareness about contact lens wearers' activities and risk factors through the Vision Health Initiative.


Report Scope

Report MetricDetails
Market SizeUSD 7.11 Billion  by 2030
CAGR7.28% (2022-2030)
Historical Data2019-2020
Base Year2021
Forecast Period2022-2030
Forecast UnitsValue (USD Billion )
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments CoveredProduct, Applications and Distribution Channel
Geographies CoveredNorth America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/VendorsCarl Zeiss AG, Abbot Medical Optics Inc, X-Cel Specialty Contacts, SynergEyes Inc., Bausch & Lomb Incorporated, Johnson and Johnson Vision Care Inc., Alcon Inc., The Cooper Companies Inc., AccuLens Company Inc., CIBA Vision, Novartis International AG, Hoya Corporation, Polylite Sofclear, Contamac, Haohai Biological Technology
Key Market OpportunitiesOpportunities Will Arise as A Result of Government Initiatives

Key Market DriversIncrease In the Research & Developments for Therapeutic Contact Lenses
The Increasing Prevalence of Glaucoma, Myopia and Other Eye Diseases

Buy Now Full Report @ https://straitsresearch.com/buy-now/therapeutic-contact-lenses-market


Regional Overview of Global Therapeutic Contact Lenses Market

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa make up the Therapeutic Contact Lenses Market.

North America led the therapeutic contact lens market in 2021. North America has the largest market share due to recent breakthroughs in therapeutic contact lenses, the introduction of dynamic soft contact lenses, and the region's flexibility and range of options. Rising popularity of outdoor activities and enhanced healthcare infrastructure in the U.S. and Canada are expected to boost the therapeutic contact lens market. 

The European region has the second-highest income and is expected to expand by 7 percent annually. A rise in ocular illnesses is expected to boost doctors' use of therapeutic contact lenses. 

Asia Pacific is expected to grow rapidly over the projected period. Increased customer purchasing power is expected to drive the therapeutic contact lens market. The growing older population and usage of therapeutic contact lenses in India and China are projected to drive the market.


Key Highlights

  • The Global Therapeutic Contact Lenses Market Size was valued at USD 3.78 billion in 2021. The Market projected to grow from USD 4.06 billion in 2022 to USD 7.11 billion by 2030, increasing at a CAGR of 7.28% during the forecast period 2022 to 2030.
  • By Product, the Global Therapeutic Contact Lenses Market is segmented into Soft Lens and Rigid Lens. Due to their widespread effectiveness and acceptance rates, soft lenses held the greatest portion of the market.
  • By Application, the Global Therapeutic Contact Lenses Market is segmented into Corneal Surgery/Disorders, Post Ocular Surgery, Drug Delivery, and Others. In 2021, the post-corneal surgery segment had a maximum market share.
  • By Distribution Channel, the Global Therapeutic Contact Lenses Market is segmented into Retail, E-Commerce and Others. The market is divided into three categories: retail, e-commerce, and others. With a market share of about 50% in 2021, retail is one of the top segments.
  • By Region or Geography, the Global Therapeutic Contact Lenses Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The therapeutic contact lens market was dominated by North America.


Get a Free Sample Copy of This Report @ https://straitsresearch.com/report/therapeutic-contact-lenses-market/request-sample


Major Players in Global Therapeutic Contact Lenses Market

  • AccuLens Company Inc.
  • The Cooper Companies Inc.
  • Alcon Inc.
  • Johnson and Johnson Vision Care Inc.
  • Bausch & Lomb Incorporated
  • SynergEyes Inc.
  • X-Cel Specialty Contacts
  • Abbot Medical Optics, Inc
  • Carl Zeiss AG
  • CIBA Vision
  • Novartis International AG
  • Hoya Corporation
  • Polylite Sofclear
  • Contamac
  • Haohai Biological Technology


Global Therapeutic Contact Lenses Market: Segmentation

BY PRODUCT

  • Soft Lens
    • Silicon hydrogel
    • Hydrogel
    • Others
  • Rigid Lens

BY APPLICATION

  • Corneal Surgery/Disorders
  • Post Ocular Surgery
  • Drug Delivery
  • Others

BY DISTRIBUTION CHANNEL

  • Retail
  • E-commerce
  • Others

BY GEOGRAPHY

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Latin America
  • Middle East and Africa (MEA)


TABLE OF CONTENT

  1. Introduction
    1. Therapeutic Contact Lenses Market Definition
    2. Therapeutic Contact Lenses Market Scope
  2. Research Methodology
    1. Primary Research
    2. Research Methodology
    3. Assumptions & Exclusions
    4. Secondary Data Sources
  3. Market Overview
    1. Report Segmentation & Scope
    2. Value Chain Analysis: Therapeutic Contact Lenses Market
    3. Key Market Trends
      1. Drivers
      2. Restraints
      3. Opportunities
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competitive Rivalry
    5. Market Share Analysis
  4. Product Overview
    1. Introduction
      1. Market Size & Forecast
    2. Soft Lens
      1. Market Size & Forecast
    3. Rigid Lens
      1. Market Size & Forecast
  5. Applications Overview
    1. Introduction
      1. Market Size & Forecast
    2. Corneal Surgery/Disorders
      1. Market Size & Forecast
    3. Post Ocular Surgery
      1. Market Size & Forecast
  6. Regional Overview
    1. Introduction
      1. Market Size & Forecast
    2. America
      1. North America
      2. U.S.
        1. By Product
        2. By Applications
      3. Canada
        1. By Product
        2. By Applications
      4. Mexico
        1. By Product
        2. By Applications
      5. Latin America
        1. By Product
        2. By Applications
    3. Europe
      1. Market Size & Forecast
      2. Germany
        1. By Product
        2. By Applications
      3. France
        1. By Product
        2. By Applications
      4. U.K.
        1. By Product
        2. By Applications
      5. Italy
        1. By Product
        2. By Applications
      6. Spain
        1. By Product
        2. By Applications
      7. Rest of Europe
        1. By Product
        2. By Applications
    4. Asia Pacific
      1. Market Size & Forecast
      2. Japan
        1. By Product
        2. By Applications
      3. China
        1. By Product
        2. By Applications
      4. Australia
        1. By Product
        2. By Applications
      5. India
        1. By Product
        2. By Applications
      6. South Korea
        1. By Product
        2. By Applications
      7. Rest of Asia-Pacific
        1. By Product
        2. By Applications
    5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
        1. By Product
        2. By Applications
      3. South Africa
        1. By Product
        2. By Applications
      4. Kuwait
        1. By Product
        2. By Applications
      5. Rest of Middle East & Africa
        1. By Product
        2. By Applications
  7. Company Profile
    1. AccuLens Company Inc
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    2. The Cooper Companies Inc
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    3. Alcon Inc
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
  8. Conclusion & Recommendation
  9. Acronyms & Abbreviations


Table of Content and Figure @ https://straitsresearch.com/report/therapeutic-contact-lenses-market/toc


Recent Developments

  • June 2022 - Revive™ custom soft contact lenses, a new family of individualised soft contact lenses, have been launched in the United States, according to Bausch + Lomb Corporation, a prominent worldwide eye health firm. Revive™ bespoke soft lenses are created to address the vision demands of more patients, including those with high or unusual prescriptions. They are offered in spherical, toric, multifocal, and multifocal toric variants.
  • March 2022 - The U.S. Food and Drug Administration (FDA) has approved ACUVUE® Theravision™ with ketotifen, according to Johnson & Johnson Vision Care, Inc., a global leader in eye health and subsidiary of the Johnson & Johnson Medical Device Companies. The first in a brand-new class of contact lenses, ACUVUE® Theravision™ with Ketotifen offers contact lens wearers with allergic eye irritation a novel wearing experience.


News Media
Global Cellulose Ether and Derivatives Market to Experience a Prominent Development in Various Sectors
Pen Needles Market Primarily Driven by Diabetic People in Need of Insulin Therapy and Management
Digital Transformation to Uplift Security Standards and Easy Authority Access and Drive Image Recognition Market


Have a Look at the Related Research Report              

Medical Tubing Market: Information by Material (Silicone, Polyvinyl Chloride, Polyolefins), Application (Catheters, Drug Delivery Systems, Disposable Tubing), and Region — Forecast till 2029

Eyewear Market: Information By Type (Spectacles, Sunglasses, Contact Lenses), End-User (Men, Women, Unisex), Channel(Online, Offline), and Region — Forecast Till 2026

Medical Tubing Market: Information by Material (Silicone, Polyvinyl Chloride, Polyolefins), Application (Catheters, Drug Delivery Systems, Disposable Tubing), and Region — Forecast till 2029

Therapeutic Contact Lenses Market: Information by Product (Soft Lens, Rigid Lens), Applications (Cornea, Drug Delivery), Distribution Channel (E-commerce), and Region — Forecast till 2030


About Straits Research Pvt. Ltd.

StraitsResearch is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.

Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.


For more information on your target market, please contact us below:

Phone: +1 646 480 7505 (the U.S.)

+91 8087085354 (APAC)             

+44 208 068 9665 (the U.K.)

Email: sales@straitsresearch.com

Follow Us: LinkedIn | Facebook | Instagram | Twitter


Tags

Eyewear Market Therapeutic Contact Lenses Contact Lenses Market treat eye issues corneal erosions epithelial abnormalities CDC

Related Links