There are numerous ways to better or correct problems relating to
visions and no one single procedure could be termed as the most suitable solution
for all the people suffering from one form of vision problem or another. Contact
lenses are one such effective solution for many types of vision problems.
The global contact lens market is expected to observe meteoric rise due to the prevalence of growing preference for contact lenses over prescribed traditional eyeglasses. Such preference is an indication toward an urge to look better, and eventually feel better. In addition, rising incidences of vision related malady such as myopia. Corrective contact lenses are mostly utilized for treating visual impairment. As such, it is quite eminent that visual impairment will play a significant role in shaping the future course of the global contact lens market. Technological advancement made in the field of optometry has further accelerated research and development activities, which have led to several innovations such as color contact lenses, advance soft lenses. These factors are likely to emerge as another growth promoting factor for the market during the years of assessment.
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The global contact lens market is estimated to exhibit a growth rate of more than 5% CAGR over the years of projection, from 2019 to 2029. Increasing urge to look good and convenience is likely to trigger growth of the market in the years to come.
Technological Advancement and Innovation Likely to Widens Up
The global contact lens market is likely to benefit from the
rising incidences of various visual impairment issues such as hypermetropia, presbyopia,
astigmatism, glaucoma, and myopia. Furthermore, use of contact lenses
eliminates the need for using heavy glasses. Increased investment in the
research and development activities in the field of optometry is expected bring
on several innovations. It has brought in use of various high-end materials in
the making of soft lenses. This is expected to result in the stellar growth of
the global contact lens market.
According to the findings of a survey that is conducted by American multination, Johnson & Johnson, almost every seven out of ten people in North America is affected with poor vision or difficulty in seeing while driving. More than half of the people complain about stressed eyes following exposure to harsh lights. Nearly half of the people are troubled with squinting and around 56% of the Americans wished about adjusting to different light conditions rapidly. In present times, new contact lenses are capable of catering to the varying needs of people with vision difficulties. All these factors are likely to support growth of the global contact lens market during the years of assessment, from 2019 to 2029.
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On the flip hand, many users of contact lens complain of
frequent eye infections if the lenses are not handled in a proper, hygienic way.
This is likely to hamper the growth of the global contact
lens market in near future.
North America Estimated to Lead the Market due High Adoption of
Considering regional segmentation, North America is likely to
hold a sizeable chunk of the global contact lens market. High adoption of
contact lenses amongst people in all age groups in the region is likely to
support growth of the contact lens market in North America. Regional presence
of favorable reimbursement policies together with high-end healthcare
facilities is another factor encouraging market growth.
In addition to that, presence of a large base of visual problems-ridden geriatric population and rising incidences of eye injuries are shooting up demand for contact lens in North America.
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