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United States Prosthetic Contact Lenses Market Size, Share, Growth, Forecast and Outlook (2024-2031)

04-12-2024 01:02 PM CET | Health & Medicine

Press release from: DataM Intelligence 4Market Research

DataM Intelligence

DataM Intelligence

United States Prosthetic Contact Lenses Market Projected to Expand Significantly by 2031

The United States Prosthetic Contact Lenses Market, which achieved a valuation of US$ billion in 2023, is anticipated to witness substantial growth, reaching US$ million by 2031. This growth trajectory reflects a robust Compound Annual Growth Rate (CAGR) during the forecast period from 2024 to 2031.

Prosthetic contact lenses are meticulously designed to enhance the aesthetic appearance of the eye in instances of injury, disease, or congenital conditions. These lenses are intricately tailored to match the natural eye's color, size, and shape, ensuring a precise fit and a lifelike appearance.

Utilizing advanced tinting and pigmentation techniques, prosthetic contact lenses recreate the texture and patterning of the iris. Typically crafted from rigid gas permeable (RGP) materials or custom silicone elastomers, these lenses offer durability, biocompatibility, and optimal oxygen permeability to maintain ocular health.

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Insights into United States Prosthetic Contact Lenses Market Dynamics

The market is propelled by a rising incidence of congenital eye conditions, such as coloboma and microphthalmia, which necessitate the use of prosthetic contact lenses. As the prevalence of these conditions increases, so does the demand for specialized ocular prosthetics, creating a broader market opportunity for manufacturers and eye care professionals.

Congenital eye conditions affect individuals from birth or shortly thereafter, impacting the structure, function, or development of the eyes. For example, Aniridia affects between 1:40,000 and 1:100,000 people in the United States, with microphthalmia occurring in approximately 1 in 10,000 individuals. Moreover, it is estimated that about 1 in every 5,200 babies is born with anophthalmia or microphthalmia in the United States.

Furthermore, the market is driven by technological advancements and new product launches expected to enhance market growth in the forecast period.

Challenges in United States Prosthetic Contact Lenses Market

The high cost associated with customization poses a significant challenge in the prosthetic contact lenses market. Customizing these lenses requires specialized manufacturing techniques, equipment, and expertise, often involving precision machining and intricate tinting or pigmentation processes.

Segment Analysis of United States Prosthetic Contact Lenses Market

The market segmentation includes product type, material type, patient, indication, and distribution channel. Customized prosthetic contact lenses dominate the market, accounting for approximately 56.4% of the market share. These lenses are expected to maintain their lead due to advancements in lens design, manufacturing, and customization capabilities.

Customized prosthetic lenses are vital for enhancing the appearance of disfigured or injured eyes, as well as post-surgical rehabilitation following procedures like enucleation or evisceration.

United States Prosthetic Contact Lenses Market Competitive Landscape

Key players in the U.S. market include ABB Optical Group, Ocular Prosthetics Inc., EyePrint Prosthetics, Miami Contact Lens, In Focus, Alamo Eye Care, Five Points Eye Care, and Focal Pointe Eye Care.

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