Global Therapeutics Contact Lens Market, By Material Type (Balafilcon, Lotrafilcon, Methafilcon, Senofilcon, Others), By Application (Pain Relief, Corneal Healing, Sealing & Protection, Drug Delivery, Others), By Distribution Channel (Optical Retail Stores, Online, Hospitals & Clinics), By Region, Competition Forecast & Opportunities, 2027
The global therapeutics contact lens market is expected to grow at a steady CAGR of 12.10% to reach USD5788.23 million by 2027 on the back of the rise in the number of eye treatment surgeries happening across the globe. Also, the increased prevalence of myopia and other eye disorders and the growing use of advanced technologies for eye treatment are other prominent factors driving the global therapeutics contact lens market.
Contact lenses are safer and can provide effective vision correction compared to traditional eyewear. The governments of several countries areinvesting heavily to develop the healthcare sector and emphasize the importance of vision care. They are launching awareness camps and campaigns to increase the awareness in the people about advanced eye care. Also, an increase in the number of myopia and other eye disorders is expected to create significant opportunities for the global therapeutics contact lens market in the forecast period.
The global therapeutics contact lens market is segmented into material type, application, distribution channel, regional distribution, and competitive landscape. Based on material type, the market is divided into balafilcon, lotrafilcon, methafilcon, senofilcon, and others. The senofilcon material dominated the market in 2021 and accounted for 43.71% of the overall market share. This segment is expected to maintain its dominance throughout the forecast period. Senofilcon keeps the eye white and healthy and provides more relief for ocular discomfort.
Some of the key players operating in the global therapeutics contact lens market are Johnson & Johnson, Alcon, Inc, Bausch Health Companies, Inc, EssilorLuxottica S.A., Carl Zeiss Meditec AG, SynergEyes Inc., X-Cel Specialty Contacts., CooperVision, Inc., Hoya Corporation., SEED Co., Ltd, among others.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023-2027
Objective of the Study:
- To analyze the historical growth in the market size of the global therapeutics contact lens market from 2017 to 2021.
- To estimate and forecast the market size of the global therapeutics contact lens market from 2022E to 2027F and growth rate until 2027F.
- To classify the global therapeutics contact lens market based on material type, application, distribution channel, regional distribution, and competitive landscape.
- To identify drivers and challenges for the global therapeutics contact lens market.
- To examine competitive developments such as expansions, new product launches, mergers, and acquisitions, etc., in the global therapeutics contact lens market.
- To conduct pricing analysis for the global therapeutics contact lens market.
- To identify and analyze the profile of leading players operating in global therapeutics contact lens market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading therapeutics contact lens manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the therapeutics contact lens manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the therapeutics contact lens manufacturers, distribution channels and presence of all major players operating in the global therapeutics contact lens market all over the world.
TechSci Research calculated the global therapeutics contact lens market size using a bottom-up approach, where data for various regions was recorded and forecasted for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Therapeutics contact lens manufacturers/ suppliers/ distributors
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to therapeutics contact lens
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as therapeutics contact lens manufacturers, suppliers, distributors, and other stakeholders. The report would enable the stakeholders in strategizing investments and capitalizing on emerging market opportunities.
Report Scope:
In this report, global therapeutics contact lens market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Therapeutics Contact Lens Market, By Material Type:
- Senofilcon
- Balafilcon
- Lotrafilcon
- Methafilcon
- Others
- Therapeutics Contact Lens Market, By Application:
- Drug Delivery
- Corneal Healing
- Pain Relief
- Sealing & Protection
- Others
- Therapeutics Contact Lens Market, By Distribution Channel:
- Hospitals & Clinics
- Online
- Optical Retail Stores
- Therapeutics Contact Lens Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- France
- Russia
- Germany
- Italy
- Asia Pacific
- Japan
- China
- Australia
- India
- South Korea
- Vietnam
- Indonesia
- South America
- Brazil
- Argentina
- Colombia
- Chile
- Middle East & Africa
- South Africa
- Saudi Arabia
- Turkey
- Egypt
- Iran
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global therapeutics contact lens market.
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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