Dublin, Nov. 25, 2024 (GLOBE NEWSWIRE) -- The "India Contact Lenses Market Report Forecast By Material, Design, Application, Distribution Channel, Region, States and Company Analysis" report has been added to ResearchAndMarkets.com's offering.
The India Contact Lenses Market will reach US$ 761.5 million by 2032, up from US$ 422.6 million in 2023, with a CAGR of 6.76% between 2024 and 2032. The key factors fueling the growth of the contact lens market in India are rising disposable incomes, an increasing propensity for cosmetic lenses, and increased awareness of eye health.
Growing awareness of eye health and a preference for convenience are driving demand. Comfort and accessibility are improved by advances in lens technology, such as daily disposables and astigmatism-specific lenses. Younger consumers' preference for cosmetic lenses is another factor driving India contact lenses market growth. Furthermore, better distribution brought about by the growth of e-commerce has made lenses more widely available. The requirement for corrective lenses rises with the rate of myopia, which is influenced by changes in lifestyle and urbanization.
Rising Vision Problems
Growing visual issues are a major factor driving the expansion of the contact lens market in India. The need for corrective solutions is driven by the rising prevalence of refractive defects such as myopia and hyperopia, particularly in younger populations as a result of excessive screen usage. A move toward urban living and other lifestyle changes have also increased awareness of eye health. As more people look for stylish and practical replacements for spectacles, contact lenses gain popularity. Frequent eye exams also promote prompt interventions, which in turn stimulate the market as more people choose to use lenses customized to meet their unique visual requirements and improve their quality of life.
Furthermore, in India, the number of disorders based on ophthalmology is rising. As an instance, a study's crude and overall age-adjusted prevalence for any positive dry eye disease symptom was 6.5% and 6.8% in boys and females, respectively, according to a report published in the Indian Journal of Ophthalmology in May 2021.
Furthermore, a study revealed that the overall national prevalence of diabetic retinopathy in India was approximately 12.3%, as reported in a paper published in the Lancet Global Health in October 2022. This demonstrated that the prevalence of ocular illnesses is high and continuing to rise in India resulting in the growth of contact lenses demand in India.
Technological Advancement
The market for contact lenses in India is expanding due in large part to technological improvements. New developments in lens materials, including silicone hydrogel, increase oxygen permeability, which leads to increased comfort and longer use times. A wider range of customers is drawn in by the creation of specialty lenses, such as multifocal lenses for presbyopia and toric lenses for astigmatism, which address a variety of vision requirements.
Furthermore, improvements in manufacturing processes make it possible to produce lenses that are lighter, thinner, and more resilient, all of which improve use. Consumers who are tech-savvy are drawn to the new wave of smart contact lenses that incorporate integrated technology, such as health monitoring functions. These developments enhance the user experience and increase market potential, which encourages a wider uptake of contact lenses among different Indian demographics.
North India Contact Lenses Market
The market for contact lenses in North India is expanding significantly as a result of growing awareness of eye health issues and an increase in vision disorders. Contact lenses are preferred over spectacles as a result of urbanization and changing lifestyles, especially among young professionals. The designs and materials of lenses have advanced technologically to improve comfort and usage. Furthermore, the emergence of e-commerce platforms makes it easier to acquire a range of lenses, which accelerates the expansion of the market in the area.
Delhi Contact Lenses Market Industry
An increasing population and increased awareness of eye care are driving the growth of the contact lens market in Delhi. In particular, among young individuals, the incidence of vision issues drives the demand for corrective lenses. Many people prefer contacts over glasses because of their urban lifestyles and aesthetic preferences. Growth in the market is further supported by technological developments in lens designs and materials, as well as greater availability through retail and e-commerce channels. The vibrant people of Delhi are still using contact lenses for better vision and comfort.
Uttar Pradesh Contact Lenses Market Industry
The market for contact lenses in Uttar Pradesh is growing quickly due to growing awareness of eye health issues and the growing incidence of refractive defects. Contact lenses are growing in popularity among people because of their ubiquitous use and appealing appearance. Demand is further driven by urbanization and changes in lifestyle, especially among young people and professionals. The state market is expanding as a result of technological developments in lens comfort and alternatives, as well as better availability through regional and internet stores.
India Contact Lenses Market Company Analysis
The key players in India contact lenses industry are Bausch & Lomb India Private Ltd., Alcon Laboratories (India) Pvt. Ltd., Johnson & Johnson Private Limited, Cooper Vision India, Carl Zeiss India, Hoya Medical India Pvt. Ltd., GKB Ophthalmic Ltd. and Omni Lens Pvt. Ltd.
Key Players Analysis:
- Business Overview
- Key Persons
- Recent Development & Strategies
- Financial Insights
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 95 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $422.6 Million |
| Forecasted Market Value (USD) by 2032 | $761.5 Million |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | India |
Key Topics Covered:
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamic
4.1 Growth Drivers
4.2 Challenges
5. India Contact Lenses Market
6. Market Share
6.1 By Material
6.2 By Usage
6.3 By Design
6.4 By Application
6.5 By Distribution Channel
6.6 By Region
6.7 By State
7. Material
7.1 Gas Permeable
7.2 Silicone Hydrogel
7.3 Hybrid
8. Usage
8.1 Daily Disposable
8.2 Disposable
8.3 Frequently Disposable
8.4 Traditional (Reusable) Lenses
9. Design
9.1 Spherical
9.2 Toric
9.3 Multifocal
10. Application
10.1 Vision Correction
10.2 Cosmetic
11. Distribution Channel
11.1 Online Pharmacy
11.2 Retail Pharmacy
11.3 Hospital Pharmacy
12. Region
12.1 North India
12.2 South India
12.3 East India
12.4 West India
13. Top 10 States
14. Porter's Five Forces Analysis
14.1 Bargaining Power of Buyers
14.2 Bargaining Power of Suppliers
14.3 Degree of Rivalry
14.4 Threat of New Entrants
14.5 Threat of Substitutes
15. SWOT Analysis
15.1 Strength
15.2 Weakness
15.3 Opportunity
15.4 Threat
For more information about this report visit https://www.researchandmarkets.com/r/8zr9jb
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