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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

10-16-2021 10:32 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Shingetsu Research

The Indian ophthalmic lens market will grow at a CAGR of over 6.65% during 2021–2027. Technological advancements in ophthalmic lenses are driving the market. The demand for the Indian ophthalmic lens is growing because of the growing senior population and the resulting decrease in eyesight quality. The introduction of colorful contact lenses improves aesthetic appeal. Because customers' refractory mistakes are increasing owing to myopia and presbyopia, the market for ophthalmic lenses is increasing. These are primarily caused by blunders in life and bad eating habits. People who use digital devices such as computers, cellphones, and other gadgets are more likely to visit eyeglasses for clinics. These are the key elements that contribute to the spectacle India ophthalmic lens Market's significant expansion. The major driver of growth is the rise in ocular disorders like myopia, presbyopia, and primordial as the population ages. A large portion of India's population is distinct and has unaltered visual flaws. As a result, the government and private schools in the nation are launching eye-care awareness programs, which are likely to boost growth even further.

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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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Shashank kumar
Head of Business Development
Shingetsu Research | Web:
Direct Line: +1 217 953 4020

Shingetsu Research and Consulting Pvt. Ltd. is a research, advisory, and analytics company. We have a specialized team of consultants catering to various verticals, including Consumer Goods & Retail, Healthcare, ICT, chemicals, BFSI, and many others. We have expanded beyond the essential services to advanced research services such as Financial Modelling, Supply & Demand Analysis, Pricing Analysis, Competitive Analysis, and various other services briefly, which facilitate senior executives across industries and giants who have established names in different industry verticals. Through our indispensable business insights, we can help our clients achieve the mission-critical tasks that facilitate them to build the organizations of tomorrow.

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