Single Use Contact Lenses Market Regulations and Competitive Landscape Outlook to 20257
Single use contact lenses offer several advantages like no need of chemistry set of rinsing, cleaning, disinfecting, lubricating, and enzyme removal solutions, elimination of the deposition of lipid, calcium and protein and other forms on lenses. In single use contact lenses each time a new lens is inserted users comfort is enhanced through fresh dosing. Because of health and convenience benefits, single-use contact lenses are gaining in popularity among practitioners and consumers.
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Single Use Contact Lenses Market: Drivers and Restraints
Revenue of Single use contact lenses market is expected to grow in upcoming period as they are very much comfortable, easy to handle and healthier to an eye which are the primary drivers for the single use contact lenses market. In WHO report, the uncorrected refractive error is most common cause of vision impairment and the second cause of blindness worldwide. The increase in a rate of ophthalmologic and uncorrected refracted eye error as well as single contact lenses are made of the new materials and designs especially for disposability are expected to increase the single-use contact lenses market. The high cost of single-use lenses over the lenses used for a longer period could be the primary restraint in the single-use contact lenses market. Regular use of contact lenses may give rise to problems like corneal allergy, photophobia, and severe perilimbal infection is the challenges for the growth of single-use contact lenses market.
Single Use Contact Lenses Market: Segmentation
The single-use contact lenses market is segmented by material type, product type, and distribution channel.
By material type
Soft contact lenses
Gas permeable lenses
By product type
By distribution channel
The soft contact lenses are preferred more over the rigid gas permeable lenses as they are easy to handle made up of soft and flexible plastics which permits oxygen to pass through the cornea.
Single Use Contact Lenses Market: Overview
The single-use contact lenses market is expected to grow at healthy CGAR as U.S. Centers for Disease Control, and Prevention estimated that contact lens wearers are 40.9 million in the United States age 18 years and older, which is 16.7% of the U.S. adult population. Globally, approximately 282 million people suffer from visually impaired disorders, and about 80% of these people can be treated if they take preventive actions.
The use of single contact lenses is effective option for the treatment of these visually impaired diseases like ophthalmic diseases and disorders. Enhanced features of disposable contact lenses like an increase in water content in silicon hydrogel lenses have introduced high levels of comfort and surface lubricity. These innovation coupled with health benefits and greater convenience will continue to pull contact lens market to a single-use contact lens, and single-use contact lenses market will share over 80% of worldwide contact lens market by 2020.
Single Use Contact Lenses Market: Region-wise Outlook
Globally, North America has the largest share in Single use contact lens market due to increase in ophthalmological patients and the rise in ophthalmic issues among the adults which have led to the increase in demands for contact lenses and well-built health care infrastructure. Europe shares the second largest market in single-use contact lenses and will show lucrative growth due to advancement in contact lenses technologies and rise in government funding for ophthalmic care.
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Asia Pacific and the Middle East is expected to expand at considerable CAGR in forecast period due to high population base, rise in disposable income, increase in health care awareness by educating the masses about the proper usage of single-use contact lenses as well as penetration of modern technology in contact lenses. Also, investments being made by major vendors in these regions will propel the growth of the single use contact lenses market.
Single Use Contact Lenses Market: Key Market Participants
Some of the key players for the Single use contact lenses are Abbott Medical Optics, Inc., Alcon Inc., Bausch & Lomb, CIBA Vision Corporation, Contact Lens Portfolio, Cooper Vision Inc., Johnson and Johnson, Lens Care portfolio, Novartis International AG and others.
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