Night Contact Lens Market Records Uptick in Consumer Interest for Overnight Vision Correction

The global night contact lens market is poised for significant growth, with an estimated market value of US$ 880.3 million in 2022 and a projected compound annual growth rate (CAGR) of 7.5% between 2022 and 2032. By the end of 2032, the market is expected to reach US$ 1.8 billion. This growth is driven by an increasing prevalence of myopia, technological advancements in orthokeratology (ortho-k), and growing awareness about non-invasive methods to correct refractive errors.

Night contact lenses, also known as orthokeratology lenses, are specially designed to reshape the cornea during overnight use, offering a non-surgical solution for refractive errors such as myopia, hyperopia, and astigmatism. Unlike traditional corrective lenses, ortho-k lenses are worn only at night, offering clear vision throughout the day without the need for glasses or daytime contact lenses. The market's rapid expansion is also fueled by the rising demand for alternatives to laser vision correction procedures, such as LASIK, which come with risks like dry eyes and infections.

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In terms of regional performance, the Asia Pacific and North American markets have emerged as key regions for the growth of night contact lenses. East Asia, particularly China, has shown a strong demand due to the high prevalence of myopia among children and teenagers. The United States remains a dominant market in North America, where the adoption of night contact lenses continues to rise as awareness of the benefits grows.

Key Highlights from the Report

• The global night contact lens market size was valued at US$ 880.3 Mn in 2022.
• The market is expected to grow at a 7.5% CAGR from 2022 to 2032.
• Myopia accounted for the largest share, with 53.6% of the global market in 2021.
• Ophthalmology clinics held a dominant market share of 45.8% in 2021.
• U.S. represents 81.6% of the North American market share.
• China led the East Asia market, holding 64.4% market share in 2021.

Market Segmentation

The night contact lens market can be segmented based on product type, indication, and end-user. Among the different product types, orthokeratology lenses remain the most widely used, as they provide a non-surgical solution for refractive errors like myopia, hyperopia, and astigmatism. Ortho-k lenses are specially designed to be worn overnight and work by gently reshaping the cornea, which improves vision the following day without the need for corrective lenses. These lenses are available in different variations such as reverse geometry lenses and gas permeable lenses.

In terms of indications, the myopia segment holds the largest share, accounting for more than 50% of the market. The rise in the global prevalence of myopia, especially among children, has increased the demand for myopia control solutions, driving the demand for ortho-k lenses. Hyperopia and astigmatism are also treated with night contact lenses, but to a lesser extent compared to myopia.

The end-user segmentation of the market primarily focuses on ophthalmology clinics, which accounted for the largest share in 2021. These clinics are at the forefront of providing treatments for vision correction, including the fitting of night contact lenses. As more consumers prefer professional consultation for vision issues, clinics remain a critical channel for the distribution of ortho-k lenses.

Regional Insights

North America and East Asia are the key regions driving the growth of the night contact lens market. In North America, the United States is the dominant market player, with 81.6% of the regional share in 2021. The prevalence of vision impairments in the U.S., along with the growing demand for non-invasive vision correction solutions, has made the U.S. a leader in the adoption of night contact lenses. Additionally, increasing screen time and associated eye health concerns have raised awareness about myopia, further fueling the demand for ortho-k lenses.

East Asia, particularly China, represents a rapidly growing market for night contact lenses. In 2021, China accounted for 64.4% of the East Asian market share. The rise in the prevalence of myopia, particularly among children, has been a key factor in driving the demand for ortho-k lenses. Furthermore, the increasing number of clinical trials and studies being conducted in the region, along with the growth of local lens manufacturers, has contributed to China's dominance in the market.

Germany, in Europe, also holds significant market potential, accounting for 25.4% of the European market share in 2021. The presence of several established eye care manufacturers and the growing adoption of innovative lenses in Germany are expected to support market expansion in the region.

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Market Drivers

The growth of the night contact lens market is primarily driven by an increasing prevalence of myopia, especially in younger populations. Children and adolescents who spend extended hours engaging in close-up activities, such as reading and using digital devices, are at a higher risk of developing myopia. As a result, the demand for early intervention to manage myopia progression is accelerating the adoption of ortho-k lenses.

Orthokeratology lenses are a viable alternative to laser vision correction (LASIK), which carries risks such as dry eyes, infection, and potential complications. Unlike LASIK, night contact lenses can be removed at the end of the night, providing a non-invasive solution for those looking to correct their vision without undergoing surgery. This advantage is especially appealing for people who wish to avoid the potential side effects of surgical procedures.

Furthermore, advancements in lens technology and the increasing availability of customized ortho-k lenses have improved the efficacy of the lenses, leading to better visual outcomes. This has also contributed to the rise in popularity of ortho-k lenses, making them a more appealing choice for those seeking effective vision correction.

Market Restraints

While the night contact lens market is experiencing strong growth, several factors are hindering its full potential. One of the primary challenges is the lack of long-term data on the safety and effectiveness of ortho-k lenses. Although many users report improved vision and eye health after using night contact lenses, there is a lack of comprehensive, long-term studies to fully establish their efficacy and safety over many years of use.

Additionally, ortho-k lenses require regular follow-ups and fittings, which can be a barrier for some consumers. The need for periodic eye checkups and the relatively high cost of fitting and maintaining these lenses may deter potential users. Moreover, maintenance issues, such as the need for cleaning and proper care, may discourage individuals who seek a hassle-free vision correction solution.

Another restraint is the risks of eye infections and corneal damage that may occur if the lenses are not properly cared for. These risks are similar to those associated with regular contact lenses and can cause significant discomfort if the lenses are not fitted properly or cleaned regularly.

Market Opportunities

The increasing awareness about myopia and the growing concern over vision-related issues present significant opportunities for the night contact lens market. As myopia rates continue to rise, especially among younger populations, the demand for non-surgical vision correction methods is expected to increase. The opportunity lies in expanding the availability of ortho-k lenses in underserved regions, where the demand for innovative vision correction solutions is rising.

Technological advancements in lens materials and design are also opening up new opportunities for market growth. Companies are investing in smarter, more comfortable, and customizable lenses that provide superior performance. These innovations could lead to better adoption rates and a broader consumer base.

The rise of digitalization and the increasing time spent on electronic devices have contributed to the growing incidence of digital eye strain and myopia. These factors further bolster the market opportunity, particularly for lenses designed to mitigate the progression of myopia.

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Company Insights

The night contact lens market is highly competitive, with several key players contributing to market growth. Major companies operating in the market include:

• Cooper Vision
• Euclid Systems
• Johnson & Johnson
• Bausch & Lomb
• Truform Optics
• Art Optical Contact Lens, Inc.
• Menicon Co., Ltd. / Alpha
• Brighten Optix
• Eyebright Medical Technology Beijing Co Ltd
• Lucid
• Optact International Ltd.
• Taiwan Macro Vision Corporation
• E & E Optics
• GP Specialists
• MiracLens L.L.C.
• Laboratoire LCS
• Multilens AB
• Falco Lenses AG
• EIKON
• Biolens Lab

Recent Developments:

In December 2021, Euclid Systems announced the release of the Euclid MAX orthokeratology lens in the U.S. The lens is designed for myopia management, particularly for children and adults, and offers enhanced corneal reshaping capabilities.

In July 2020, KATT Design Group entered into an exclusive licensing agreement with Bausch + Lomb, granting them the right to develop and market enhanced orthokeratology lens systems in the U.S.

Conclusion

The night contact lens market is experiencing robust growth driven by increasing global demand for non-invasive, effective solutions for vision correction. With innovations in ortho-k lenses and growing awareness of myopia, particularly in younger populations, the market is expected to expand significantly in the coming decade. However, challenges such as the need for regular follow-ups and the lack of long-term data on lens safety need to be addressed for sustained market growth. Regional dynamics also play a significant role, with strong demand emerging from North America and East Asia. As technological advancements continue to shape the market, the future of night contact lenses looks promising, offering new opportunities for both consumers and manufacturers alike.

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