Global Contact lenses Market Research Report : Forecast to 2023

Published - Aug 2018 | Category - Healthcare | No. of Pages - 120 | Published By - Market Research Future


Introduction


Visual impairment is one of the most widely observed complications across the globe. Introduction of the contact lenses has revolutionized the eye care sector. Contact lenses are the small, flexible or rigid devices placed in eye to improve the visual impairment. Previously, spectacles are recommended by ophthalmologists to treat the visual issues, however, increasing awareness about availability of the new devices and advancement in the technology has increased the demand for the contact lenses.

Market Dynamics

The global contact lenses market is driven by increasing prevalence of various eye disease, development in the technology and increasing awareness among the people. According to the World Health Organization (WHO), in 2017, over 253 million people across the globe were suffering from vision impairment among which 36 million people were completely blind and 217 million were suffering from moderate to severe vision impairment. During last decade, development of the technology and various benefits offered by contact lenses has increased the adoption of the lenses by patients ultimately driving the growth of the market. Soft lenses are one of the most prominent share holders in the market. Increasing spending power of the people and continuous development in the healthcare sector has supported the growth of the market. Introduction of the micro chip in the lenses will create a huge opportunity for the market in near future.

Contact lenses are directly placed in the eye which increased the chances of eye infection. Increasing risk of eye infection and lack of handling skills will slow the growth of the market during the forecast period.