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Global Therapeutic Contact Lens Market Report and Forecast 2023-2031
Market Report I 2023-07-20 I 160 Pages I EMR Inc.
Global Therapeutic Contact Lens Market Report and Forecast 2023-2031
Global Therapeutic Contact Lens Market Outlook:
The global therapeutic contact lens market was valued at USD 3.57 billion in 2022, driven by the increasing prevalence of eye disorders across the globe. The market size is anticipated to grow at a CAGR of 8.15% during the forecast period of 2023-2031 to achieve a value of USD 7.21 billion by 2031.
Therapeutic Contact Lens: Introduction
Therapeutic contact lenses are specialized lenses designed to treat various eye conditions and provide therapeutic benefits beyond traditional vision correction. These lenses are used to manage and improve conditions such as corneal ulcers, dry eye syndrome, keratoconus, and post-surgical healing.
Key Trends in the Therapeutic Contact Lens Market
Some key trends involved in the therapeutic contact lens market are as follows:
- Advancements in Material and Design: One key trend in therapeutic contact lenses is the continuous development of advanced materials and lens designs. Manufacturers are focusing on creating lenses that offer enhanced oxygen permeability, moisture retention, and durability. These advancements contribute to improved comfort, extended wear time, and better therapeutic outcomes for patients.
- Customization and Tailored Solutions: Another important trend is the increasing emphasis on customization and tailored solutions for patients with specific eye conditions. Therapeutic contact lenses can be customized to address individual needs, including irregular corneal shapes, astigmatism, and unique refractive errors. This customization allows for a more precise fit and optimized therapeutic effect.
- Multifunctional Lenses: Therapeutic contact lenses are evolving to offer multifunctional benefits. Some lenses incorporate innovative technologies such as drug delivery systems, tear film stabilization properties, and protection against harmful UV radiation. These multifunctional lenses provide a holistic approach to eye health and enable simultaneous treatment and protection.
- Growing Demand for Specialty Lenses: The market for therapeutic contact lenses is witnessing a growing demand for specialty lenses tailored to specific eye conditions. For example, scleral lenses, which vault over the cornea and rest on the sclera, are gaining popularity for managing conditions like corneal irregularities and severe dry eye. The increased adoption of specialty lenses indicates a shift towards more targeted and effective therapeutic options.
Therapeutic Contact Lens Market Segmentations
Market Breakup by Material
- Balafilacon
- Lotrafilacon
- Methafilacon
- Senofilacon
- Others
Market Breakup by Application
- Drug Delivery
- Corneal Surgery/Disorder
- Pain Relief
- Sealing and Protection
- Others
Market Breakup by Distribution Channel
- Hospitals and Clinics
- Online Stores
- Optical Retail Store
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Therapeutic Contact Lens Market Scenario
The market for therapeutic contact lenses is growing steadily, driven by the increasing prevalence of eye conditions and the growing demand for non-invasive and effective treatment options. These lenses are used in various therapeutic applications, including corneal disorders, dry eye syndrome, post-surgical healing, and other ocular conditions.
The market is characterized by the presence of several established players as well as emerging manufacturers focusing on innovation and advanced technologies. The market is primarily driven by factors such as the rising awareness of eye health, advancements in lens materials and designs, increasing incidence of eye disorders, and the growing aging population.
Therapeutic Contact Lens Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Bausch & Lomb Pvt Ltd.
- Advanced Vision Technologies
- CooperVision
- Hoya Corporation
- SEED Co., Ltd
- Bausch Health Companies, Inc.
- Alcon Vision LLC
- Johnson & Johnson Services, Inc.
- Carl Zeiss AG
- X-Cel Specialty Contacts
- SynergEyes
*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Therapeutic Contact Lens Market Overview
3.1 Global Therapeutic Contact Lens Market Historical Value (2016-2022)
3.2 Global Therapeutic Contact Lens Market Forecast Value (2023-2031)
4 Global Therapeutic Contact Lens Market Dynamics
4.1 Market Drivers and Constraints
4.2 SWOT Analysis
4.3 Porter's Five Forces Model
4.4 Key Demand Indicators
4.5 Key Price Indicators
4.6 Industry Events, Initiatives, and Trends
4.7 Value Chain Analysis
5 Global Therapeutic Contact Lens Market Segmentation
5.1 Global Therapeutic Contact Lens Market by Material
5.1.1 Market Overview
5.1.2 Balafilacon
5.1.3 Lotrafilacon
5.1.4 Methafilacon
5.1.5 Senofilacon
5.1.6 Others
5.2 Global Therapeutic Contact Lens Market by Application
5.2.1 Market Overview
5.2.2 Drug Delivery
5.2.3 Corneal Surgery/Disorder
5.2.4 Pain Relief
5.2.5 Sealing and Protection
5.2.6 Others
5.3 Global Therapeutic Contact Lens Market by Distribution Channel
5.3.1 Market Overview
5.3.2 Hospitals and Clinics
5.3.3 Online Stores
5.3.4 Optical Retail Store
5.3.5 Others
5.4 Global Therapeutic Contact Lens Market by Region
5.4.1 Market Overview
5.4.2 North America
5.4.3 Europe
5.4.4 Asia Pacific
5.4.5 Latin America
5.4.6 Middle East and Africa
6 North America Therapeutic Contact Lens Market
6.1 Market Share by Country
6.2 United States of America
6.3 Canada
7 Europe Therapeutic Contact Lens Market
7.1 Market Share by Country
7.2 United Kingdom
7.3 Germany
7.4 France
7.5 Italy
7.6 Others
8 Asia Pacific Therapeutic Contact Lens Market
8.1 Market Share by Country
8.2 China
8.3 Japan
8.4 India
8.5 ASEAN
8.6 Australia
8.7 Others
9 Latin America Therapeutic Contact Lens Market
9.1 Market Share by Country
9.2 Brazil
9.3 Argentina
9.4 Mexico
9.5 Others
10 Middle East and Africa Therapeutic Contact Lens Market
10.1 Market Share by Country
10.2 Saudi Arabia
10.3 United Arab Emirates
10.4 Nigeria
10.5 South Africa
10.6 Others
11 Patent Analysis
11.1 Analysis by Type of Patent
11.2 Analysis by Publication year
11.3 Analysis by Issuing Authority
11.4 Analysis by Patent Age
11.5 Analysis by CPC Analysis
11.6 Analysis by Patent Valuation
11.7 Analysis by Key Players
12 Grants Analysis
12.1 Analysis by year
12.2 Analysis by Amount Awarded
12.3 Analysis by Issuing Authority
12.4 Analysis by Grant Application
12.5 Analysis by Funding Institute
12.6 Analysis by NIH Departments
12.7 Analysis by Recipient Organization
13 Funding Analysis
13.1 Analysis by Funding Instances
13.2 Analysis by Type of Funding
13.3 Analysis by Funding Amount
13.4 Analysis by Leading Players
13.5 Analysis by Leading Investors
13.6 Analysis by Geography
14 Partnership and Collaborations Analysis
14.1 Analysis by Partnership Instances
14.2 Analysis by Type of Partnership
14.3 Analysis by Leading Players
14.4 Analysis by Geography
15 Regulatory Framework
15.1 Regulatory Overview
15.1.1 US FDA
15.1.2 EU EMA
15.1.3 INDIA CDSCO
15.1.4 JAPAN PMDA
15.1.5 Others
16 Supplier Landscape
16.1 Bausch & Lomb Pvt Ltd.
16.1.1 Financial Analysis
16.1.2 Product Portfolio
16.1.3 Demographic Reach and Achievements
16.1.4 Mergers and Acquisitions
16.1.5 Certifications
16.2 Advanced Vision Technologies
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisitions
16.2.5 Certifications
16.3 CooperVision
16.3.1 Financial Analysis
16.3.2 Product Portfolio
16.3.3 Demographic Reach and Achievements
16.3.4 Mergers and Acquisitions
16.3.5 Certifications
16.4 Hoya Corporation
16.4.1 Financial Analysis
16.4.2 Financial Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisitions
16.4.5 Certifications
16.5 SEED Co., Ltd
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisitions
16.5.5 Certifications
16.6 Bausch Health Companies, Inc.
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisitions
16.6.5 Certifications
16.7 Alcon Vision LLC
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisitions
16.7.5 Certifications
16.8 Johnson & Johnson Services, Inc.
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisitions
16.8.5 Certifications
16.9 Carl Zeiss AG
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisitions
16.9.5 Certifications
16.10 X-Cel Specialty Contacts
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisitions
16.10.5 Certifications
16.11 SynergEyes
16.11.1 Financial Analysis
16.11.2 Product Portfolio
16.11.3 Demographic Reach and Achievements
16.11.4 Mergers and Acquisitions
16.11.5 Certifications
17 Global Therapeutic Contact Lens Market - Distribution Model (Additional Insight)
17.1 Overview
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)
19 Company Competitiveness Analysis (Additional Insight)
19.1 Very Small Companies
19.2 Small Companies
19.3 Mid-Sized Companies
19.4 Large Companies
19.5 Very Large Companies
20 Payment Methods (Additional Insight)
20.1 Government Funded
20.2 Private Insurance
20.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
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