![Therapeutic Contact Lenses Market Size, Industry Analysis By Type (Senofilcon, Balafilcon, Lotrafilcon, Methafilcon, Others [Etafilcon, Narafilcon]), By Application (Drug Delivery, Corneal Healing, Pain Relief, Sealing & Protection and Others [Corneal Protection]) – Global, Trends, Share And Forecast 2023-2030](https://www.infinitivedataexpert.com/assets/img/infinitive-Report-Cover.png)
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By 2030, the market for therapeutic contact lenses is anticipated to reach USD 17.34 billion, growing at a 10% CAGR from 2023 to 2030. Due to the increased number of therapeutic contact lens applications, the market for therapeutic contact lenses has been expanding. Due to the increased prevalence of glaucoma, there is anticipated to be an increase in demand for therapeutic contact lenses during the projected period.
Therapeutic contact lenses shield the cornea from environmental factors and mechanical ocular surface deterioration. The discomfort felt by patients with corneal erosion syndrome who wear therapeutic contact lenses is reduced, and the re-epithelialization of the cornea is encouraged. Disorders that damage the cornea and ocular surface must be managed therapeutically, and contact lenses are a crucial part of this process. There are two types of contact lenses used for medical treatment. These consist of scleral lenses and soft lenses. Therapeutic contact lenses are an essential medication for the treatment of eye conditions that are related to the ailment because of the many therapeutic benefits they offer, including the creation of a mechanical barrier between the cornea and the outside world, the hydration of the corneal epithelium, the acceleration of corneal wound healing, and the relief of discomfort. Because therapeutic contact lenses are becoming an increasingly important medicine in the treatment of eye-related conditions, the market for these lenses is anticipated to grow over the course of the forecast period. The eye is an elaborate and complex organ with a number of anatomical and physiological barriers to drug penetration. These barriers include the conjunctival, blood-aqueous, precorneal, corneal, and blood-retinal barriers. Drug entry into the eye is prevented by these obstacles. These obstacles make it extremely difficult for both medical personnel and scientists to distribute ocular medications to the correct target tissue.
The Therapeutic Contact Lenses market is divided into Senofilcon, Balafilcon, Lotrafilcon, Methafilcon, and Others depending on the type of material used. Senofilcon had the largest market share of 21% and the highest market revenue of 594.5 billion in 2021, dominating the market. Due to its widespread application in the production of therapeutic contact lenses, the senofilcon market sector will generate the most revenue. The segment's rise is also fueled by the rising demand for therapeutic contact lenses.
Report Coverage
Global Therapeutic Contact Lenses research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Therapeutic Contact Lenses report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Therapeutic Contact Lenses competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Therapeutic Contact Lenses market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Therapeutic Contact Lenses market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Therapeutic Contact Lenses market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bausch & Lomb Incorporated, Advanced Vision Technologies, CooperVision, VISTAKON division of Johnson & Johnson Vision Care, Inc., X-Cel Specialty Contacts, Contamac, Excellent Hi-Care Pvt Ltd, Alcon, Novartis International AG, Menicon Group, Carl Zeiss AG, Visioneering Technologies, Inc., Mojo Vision, Johnson & Johnson Vision, Air Optix, Essilor, Surgitech Innovation, UltraVision CLPL
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Therapeutic Contact Lenses market based on the below-mentioned segments:
Global Therapeutic Contact Lenses Market, By Material
Global Therapeutic Contact Lenses market, By Application
Global Therapeutic Contact Lenses market, Regional Analysis
Therapeutic contact lenses shield the cornea from environmental factors and mechanical ocular surface deterioration. The discomfort felt by patients with corneal erosion syndrome who wear therapeutic contact lenses is reduced, and the re-epithelialization of the cornea is encouraged. Disorders that damage the cornea and ocular surface must be managed therapeutically, and contact lenses are a crucial part of this process. There are two types of contact lenses used for medical treatment. These consist of scleral lenses and soft lenses. Therapeutic contact lenses are an essential medication for the treatment of eye conditions that are related to the ailment because of the many therapeutic benefits they offer, including the creation of a mechanical barrier between the cornea and the outside world, the hydration of the corneal epithelium, the acceleration of corneal wound healing, and the relief of discomfort. Because therapeutic contact lenses are becoming an increasingly important medicine in the treatment of eye-related conditions, the market for these lenses is anticipated to grow over the course of the forecast period. The eye is an elaborate and complex organ with a number of anatomical and physiological barriers to drug penetration. These barriers include the conjunctival, blood-aqueous, precorneal, corneal, and blood-retinal barriers. Drug entry into the eye is prevented by these obstacles. These obstacles make it extremely difficult for both medical personnel and scientists to distribute ocular medications to the correct target tissue.
The Therapeutic Contact Lenses market is divided into Senofilcon, Balafilcon, Lotrafilcon, Methafilcon, and Others depending on the type of material used. Senofilcon had the largest market share of 21% and the highest market revenue of 594.5 billion in 2021, dominating the market. Due to its widespread application in the production of therapeutic contact lenses, the senofilcon market sector will generate the most revenue. The segment's rise is also fueled by the rising demand for therapeutic contact lenses.
Report Coverage
Global Therapeutic Contact Lenses research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Therapeutic Contact Lenses report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Therapeutic Contact Lenses competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Therapeutic Contact Lenses market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Bausch & Lomb Incorporated, Advanced Vision Technologies, CooperVision, VISTAKON division of Johnson & Johnson Vision Care, Inc., X-Cel Specialty Contacts, Contamac, Excellent Hi-Care Pvt Ltd, Alcon, Novartis International AG, Menicon Group, Carl Zeiss AG, Visioneering Technologies, Inc., Mojo Vision, Johnson & Johnson Vision, Air Optix, Essilor, Surgitech Innovation, UltraVision CLPL |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Therapeutic Contact Lenses Market from 2021 to 2030.
- Market Forecast for Therapeutic Contact Lenses Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Therapeutic Contact Lenses competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Therapeutic Contact Lenses
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Therapeutic Contact Lenses market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Therapeutic Contact Lenses market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bausch & Lomb Incorporated, Advanced Vision Technologies, CooperVision, VISTAKON division of Johnson & Johnson Vision Care, Inc., X-Cel Specialty Contacts, Contamac, Excellent Hi-Care Pvt Ltd, Alcon, Novartis International AG, Menicon Group, Carl Zeiss AG, Visioneering Technologies, Inc., Mojo Vision, Johnson & Johnson Vision, Air Optix, Essilor, Surgitech Innovation, UltraVision CLPL
Primary Target Market
- Market Players of Therapeutic Contact Lenses
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Therapeutic Contact Lenses market based on the below-mentioned segments:
Global Therapeutic Contact Lenses Market, By Material
- Balafilcon
- Lotrafilcon
- Methafilcon
- Others
Global Therapeutic Contact Lenses market, By Application
- Drug Delivery
- Corneal Healing
- Pain Relief
- Sealing & Protection
- Others [Corneal Protection]
Global Therapeutic Contact Lenses market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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