Rapid Unit Sales of Disposable Contact Lenses to Push Incremental Revenues in the Global Market by: The Cooper Companies, Inc., Novartis International AG, Johnson & Johnson, Bausch Health Companies Inc. & more.

Disposable Contact Lenses Market Outlook

Over the last 100 years, consumers are using contact lenses to neutralize refractive errors as well as to optimize visual acuity. Contact lenses can be an excellent option for people who are interested in an alternative to glasses or seeking to wear contact lenses during sports activities or festivals. Nowadays, disposable contact lenses are extremely popular. Disposable contact lenses are considered to be an alternative to hard lenses as they tend to be more comfortable, far superior in wearability, and last longer. Contact lenses are also prescribed by a licensed optometrist to help people how to get the full benefit of contact lenses coupled with reducing the chances of developing visibility problems. The key trend in the market is changing lifestyle needs specifically shifting to a digitally led life. Various research studies show that more than half of all millennials use digital devices more than 9 hours a day. Thus, this shifting in the consumer behavior brings new requirements for the disposable contact lenses owing to constant re-focus on digital devices can lead to eyes dryness, tiredness, and redness. Companies are focusing on addressing these needs and introducing novel disposable contact lenses to deliver the best possible customer experience.

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Reasons for Covering Disposable Contact Lenses Market Title

Expanding trend of color lenses to improve or change eye color, increase in prevalence of visual deficiencies such as astigmatism, presbyopia, myopia, hyperopia coupled with a rise in eye health conscious people as well as accelerating contact lenses industry worldwide are the factors influencing the growth of disposable contact lenses market in the near future. Additionally, technological advancement such as silicone hydrogel based disposable contact lenses, expanding research and development activities, introduction of novel products with innovative features sharp vision, durability, permeability, lightweight, and others, and growing geriatric population globally are some other factors fueling the growth of disposable contact lenses market during the forecast period. However, side effects associated with disposable contact lenses such as discomfort, dryness, red eyes, eye infections, and others along with government regulations may hamper the growth of disposable contact lenses during the forecast period.

Global Disposable Contact Lenses: Market Segmentation

On the basis of product type, the global disposable contact lenses market has been segmented as –

Corrective
Cosmetic Lens
Prosthetic Lens
Therapeutic Lens

On the basis of design, the global disposable contact lenses market has been segmented as –

Toric
Spherical
Bifocal
Multifocal

On the basis of material type, the global disposable contact lenses market has been segmented as –

Hydrogel
Polymers

On the basis of usage, the global disposable contact lenses market has been segmented as –

Daily
Weekly
Monthly
Yearly

On the basis of the distribution channel, the global disposable contact lenses market has been segmented as –

Optical Stores
Multi-Brand Stores
Independent Brand Stores
Online Retailer
Others

Global Disposable Contact Lenses Market: Key Players

Some of the key players operating in the global disposable contact lenses market are The Cooper Companies, Inc., Novartis International AG, Johnson & Johnson, Bausch Health Companies Inc., Blanchard Lab, ZEISS International, Alcon Company, Hoya Corporation, and others.

In June 2016, Alcon Company introduced two new disposable contact lenses namely ‘Dailies Total1-multifocal’- water gradient daily disposable contact lenses and ‘AIR OPTIX plus HydraGlyde’ to expand its product portfolio. The built-in water gradient new disposable contact lenses deliver comfort to customers even after a full day of wear.

Among design segments, the toric design is expected to expand at a significant CAGR in the disposable contact lenses market during the forecast period owing to its ability to correct astigmatism problems. On the basis of usage, daily disposable contact lenses are booming due to positive patient feedback as they are most comfortable, convenient, and healthiest options for them. Additionally, consumers are demanding for fashion accessories for aesthetic appearance of eyes, expanding digital technology integration, and rise in adoption of contact lenses attributed to increase in demand for disposable contact lenses are some of the leading factors driving the growth of the global disposable contact lenses markeT

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