Owing to the rising living standards and the rising incidences of refractive errors, the India Ophthalmic Lens market will grow rapidly. The Refractive and cataract mistakes and an upsurge in presbyopia are the growth drivers of the Indian Ophthalmic Lens
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Furthermore, the rise in the prevalence of refractive errors in consumers owing to myopia and presbyopia is driving up demand for spectacle lenses. These are primarily related to poor dietary habits, and lifestyle choices are completely engrossed in using digital gadgets such as computers, cellphones, and other such devices. These are the key elements that contribute to the Indian ophthalmic lens industry's significant expansion.
Product Type Overview in the Ophthalmic Lens Market
By Product, the India Ophthalmic Lens market is segmented into Spectacle lens, Contact lens, Intraocular Lens. The Contact Lens had the biggest market share and is projected to continue to increase the population using smart gadgets such as computers and smartphones due to urbanization and sedentary lives. Furthermore, the number of persons who have myopia has increased dramatically. Whereas, the intraocular lens segment is also rising at a significant rate due to the rapid growth of the aging populations and related eye disorders, better established of eye diseases and diabetes in the total population around the world, technological advancements in intraocular lenses, and increasing government actions to regulate and treat vision loss caused by cataracts are all contributing to the segment's growth.
End-User Type Overview in the India Ophthalmic Lens Market
The Indian Ophthalmic Lens market has been segmented by end-user into Hospitals, Ambulatory Centers, and Others. During the projection period, the Hospital sector held the largest market share. The growth of the specialist clinics category is projected to be aided by an increase in the number of ophthalmic surgeons, a rise in the number of freestanding eye clinics, and a large increase in the number of cataract surgeries performed in outpatient settings in government-funded hospitals. However, due to Lower cost, Safety, Convenience, and accessibility, the ambulatory center segment is also anticipated to grow significantly. Additionally, with a shorter wait time, Convenient location, the demand for the ambulatory segment is rising.
Region Overview in the India Ophthalmic Lens Market
The India Ophthalmic Lens Market is segmented into North India, South India, East India, and West India. South Indian region will lead the India Ophthalmic Lens Market during the forecast period. The Region's expansion is fueled by an increase in the prevalence of cataracts and other ocular diseases. Furthermore, Growing eye issues drive the value increase for the South Indian area in India among teens and cataract difficulties among the elderly, particularly seniors with presbyopia and myopia. The North Indian region is also segmented to rise significantly during the forecast period as the younger generations are expected to show an inclination towards adapting to contact lenses.
India Ophthalmic Lens Market: Competitive Landscape
Alcon Inc., HOYA vision India, Johnson & Johnson, Nikon Corp., Carl Zeiss India, The Cooper Companies Inc., Novartis India, SynergEyes Inc. and other prominent players are the key players of the Ophthalmic Lens market.
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