Latest News- Soft Contact Lens Market: Daily soft contact lens is expected to lead the Product Type segment during 2025-2029

The Soft Contact Lens Market is being driven by Rise in number of people with eye disorders

The Soft Contact Lens Market is expected to grow at a CAGR of 6.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3020.6 million. In the realm of contact lenses, daily disposable soft lenses have gained significant traction due to their numerous benefits for eye health and user experience. These lenses, crafted from flexible plastic, facilitate the passage of oxygen to the cornea, thereby preventing potential eye issues. Their soft, pliable nature offers a snug and natural fit, alleviating discomfort caused by proteins, calcium, lipids, and other deposits. Daily-wear soft lenses cater to a wide range of prescriptions, including those for astigmatism, bifocals, nearsightedness, and farsightedness. Multifocal disposable lenses incorporate advanced progressive technology, ensuring clear vision for various distances. The convenience factor of daily disposables is unparalleled, as they necessitate no cleaning and are effortlessly portable for travel. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product Type
  • Daily soft contact lens
  • Weekly replacement lens
  • Monthly replacement lens
  • Others
• Application
  • Corrective lens
  • Therapeutic lens
  • Cosmetic lens
• Material
  • Silicone hydrogel
  • Hydrogel
  • Gas permeable
• Geography
  • North America
    • Canada
    • US
  • Asia
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in number of people with eye disorders
• Growing popularity of contact lenses over eyeglasses
• Popularity of silicone hydrogel contact lenses

However, the market also witnesses some limitations, which are as follows:

• Lack of awareness and access to care regarding eye disorder
• Availability of counterfeit contact lens
• Availability of substitute such as spectacles and hybrid lenses

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Market Scope in Soft Contact Lens Market Research Report

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Research Analysis Overview

The Soft Contact Lens Market encompasses various aspects of lens technology, including lens surface treatments, hydration dynamics studies, and ocular comfort investigations. Other key areas include lens wear schedules, visual quality analysis, material biocompatibility tests, and lens fitting methods. Corneal health impact, astigmatism correction techniques, presbyopia management strategies, and lens cleaning methods are also significant. Additionally, lens storage solutions, microbial resistance assays, patient reported outcomes, visual field assessments, and lens thickness variation are under consideration. Lens handling techniques, ocular tolerance tests, lens power adjustments, parameter optimization designs, clinical efficacy studies, lens fitting software, hydrogel contact lenses, oxygen permeability testing, and contact lens polymers are further components of this market.

Market Research Overview

The Soft Contact Lens market is a significant segment within the larger global Healthcare Supplies industry. This sector encompasses businesses specializing in the research and development of contact lenses, utilizing advanced materials such as silicone hydrogel for enhanced oxygen transmissibility. Key trends in this market include the increasing popularity of daily disposable lenses and aspheric lens designs for improved comfort and vision correction. The global Healthcare Supplies market, which includes manufacturers of medical consumables like syringes, drapes, gloves, and gowns, is projected to experience growth due to demographic shifts, with the aging population in regions like Europe and North America expected to reach nearly one-quarter by 2030 and 2050, respectively.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/