rise in number of people with eye disorders is driving the Contact Lens Market in India
Technavio analyzes that the Contact Lens Market in India is expected to grow at a CAGR of 5.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 148.6 million.There are various factors that contribute to the growth of the market. The contact lens market in India is experiencing significant growth due to the increasing prevalence of eye disorders. According to recent studies, the number of people diagnosed with eye conditions is on the rise, leading to a surge in demand for corrective eyewear solutions such as contact lenses. This trend is expected to continue as awareness about eye health improves and affordable options become more readily available. The market is further boosted by the convenience and cosmetic benefits that contact lenses offer over traditional glasses.
In the Indian contact lens market, disposable or frequent replacement contact lenses, which include toric, multifocal, and scleral varieties, are gaining popularity due to their benefits for eye health. These lenses, which are used only once before being discarded, are available for replacement on a schedule of every two weeks, monthly, or even quarterly. The importance of maintaining a clean anterior corneal surface for contact lens wearers cannot be overstated, as debris and deposits can lead to inflammation, discomfort, and infection. By providing regular replacement options, disposable contact lenses minimize the risk of these issues, making them a preferred choice for individuals dealing with refractive errors, irregularities, dry eye disease, and allergies. These advanced artificial devices offer enhanced vision correction and comfort, ensuring a superior user experience.
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Contact Lens Market in India Segmentation
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The Contact Lens Market in India caters to various refractive errors including nearsightedness (myopia), farsightedness (hyperopia), age-related farsightedness (presbyopia), astigmatism, and other vision issues. Eye care specialists provide prescriptions for contact lenses made of different materials, each with unique wear and replacement schedules. Special features like soft contact lenses (daily wear, extended wear, daily disposable, planned replacement), hybrid, toric, multifocal, and scleral lenses address specific vision needs. Factors like eye infections, dry eye disease, allergies, and eye care devices affecting the anterior corneal surface are also considered.
The Indian contact lens market caters to corrective lenses used to address refractive errors such as myopia, hyperopia, presbyopia, and astigmatism. Manufacturers focus on producing lenses made from advanced materials to ensure comfort and clarity. The market's growth is driven by the increasing prevalence of eye disorders and the rising disposable income leading to increased demand for premium eye care solutions. Eye care specialists play a crucial role in prescribing the appropriate lenses based on individual needs. Eye infections and other complications necessitate regular check-ups, further boosting market growth. The global contact lens market is expected to expand due to these factors, with a significant focus on innovation and product development.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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