The market for contact lenses in the world is expected to grow by 5.97 percent during the period of forecast. The global vision health system relies on contact lenses. The growth of the global market for contact lenses will be driven by increase in the use of contacts for correcting multiple eye disorders, including presbyopia and hyperopia. Demand for lenses in the world will grow because of the growing appeal of colored contact lenses, especially in the fashion world and the aesthetic appeal they bring. CONTACT LENSES MARKET SEGMENTATION ColorYourEye Silicone hydrogel contact lenses benefit in that they reduce dangers, like eye redness, swelling of corneas as well as blurred vision. Silicon hydrogel lenses have many advantageslike extended wear, continuous wearing more comfort, and superior quality. The altering lifestyle as well as environmental conditions such as smoking cigarettes, exposure to ultraviolet rays, environmental pollutants can also contribute to the increase of eye conditions, like refractive error, cataracts and Glaucoma. Conditions that affect the eyes such as retinopathy or cataracts are on the rise due to an increase in diabetics. These issues will all contribute to the increase in demand for corrective lenses during the projected timeframe. GEOGRAPHICAL OUTLOOK Colored Contact Lenses North America: North America has a high level of healthcare spending and it is generally considered to be an ideal location for contacts. In the US the cosmetic contact lens usage is also comparatively high. This is due to the growing awareness and significance of appearance and style among the US majority. APAC: In 2021, APAC represented more than 30% of the worldwide contact lenses market. APAC is the second largest player in the global market for contact lenses. Japan has 27% of APAC's market share in contact lenses. What's unique is that it's not legal for eye surgeons to distribute or sell contact lenses. Many doctors have their own stores selling contact lenses. This means that doctors play an important influence on the price of these products. KEY HIGHLIGHTS This market is growing as a result of technological advances made in manufacturing. CooperVision, for example, is collaborating and the Plastic Bank in attempt to make an plastic-neutral contact lens. CooperVision is one of the main players, has decided to develop recycled material-based contact lenses in the market. The amount of visually impaired people is on the rise, and will only increase as time goes on. Growth in markets will be caused by myopia as well as the growing older population. RECENT DEVELOPMENTS For 2020 Alcon expanded its contact lens collection in Canada by introducing the modern PRECISION1 disposable day-to-day disposable the silicone hydrogel lenses. ColorYourEye Acuvue Oasys has transitions was first introduced by Johnson & Johnson Vision Care in April of this year. The unique thing about it is that it has transitions that are light-sensitive technology. It's designed to be able to respond quickly to the changing conditions of light and reduce exposure to bright daylight both outside and inside.
ColorYourEye|Colored Contact Lenses|ColorYourEye
