Huge quantities of contact lenses are used by the geriatric population, as people experience a wide range of stressors with age. Moreover, as geriatric care is complex and requires the use of cutting-edge therapies and technologies, contact lenses are becoming very popular among older people. In recent years, extensive research and development (R&D) activities have been carried out in the domain of contact lenses and this has led to the development and introduction of improved contact lenses. Owing to technological advancements, healthcare facilities are actively embracing technologically sophisticated optometry solutions.
At present, contact lenses manufacturers, such as Johnson & Johnson Pvt. Ltd., Alcon Vision LLC, Bausch Health Companies Inc., and CooperVision Inc., are offering opaque, tinted, and enhanced contact lenses, which are available in spherical, toric, cosmetic, monovision, and multifocal designs. These lenses are made up of hydrogel, silicone hydrogel, hybrid, glass permeable, and polymethyl methacrylate (PMMA). Nowadays, optometrists and patients have been preferring spherical lenses over other variants to address visual problems, which are rapidly becoming common due to the surging screen time of people. Contact lenses of various types can be availed from different sources.
Contact lenses procured from different distribution channels can be used for daily, traditional, or extended wear. Over the years, such lenses have been primarily used for daily wear, due to the enhanced comfort, convenient disposal, and reduced eye infection risk offered by such products. Moreover, the escalating risk of mask-associated dry eyes (MADE), owing to the COVID-19 outbreak, and growing risk of lower blink rate and insufficient blinking, due to the increasing computer usage, will amplify the demand for contact lenses in the coming years.
Therefore, the booming geriatric population and soaring number of product approvals will accelerate the usage of contact lenses in the foreseeable future.
Browse detailed report on Contact Lenses Market Size, Business Strategies, and Regional Outlook
This study covers
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
- Major players operating in the market and their service offerings