Zion Market Research has published a new report Titled “Eye Lens Market by Lens Type (Single Vision Lenses, Bifocal & Trifocal Lens, Plastic lens, Soft contact Lens, Rigid Gas Permeable (RGP) Contact Lens and Disposable Contact Lens) for Therapeutic, Lifestyle, Corrective and Cosmetic Applications – Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, the global eye lens market accounted for around USD 961.0 Million in 2015 and is expected to reach approximately USD 1190.5 Million by 2021, growing at a CAGR of around 4.0% between 2016 and 2021.
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The eye lens is thin lens directly placed on the surface of the eye to correct vision and also used for the therapeutic, cosmetic and corrective purpose. Globally, around 285 million people are found with visually impaired disorders and nearly 80% of these visually impaired people can be prevented by taking preventive actions. The eye lens is a very effective treatment option for ophthalmic diseases and disorders. With the use of eye lens, people can see better without affecting their appearance.
Eye lens market is driven by increasing demand of soft contact & cosmetic lenses with increasing cases of myopia, hyperopia, astigmatism, and presbyopia. Moreover, increasing awareness, government initiative, and improvement of health care facilities influence the growth of eye lens market. Eye lens market is driven by rising eye problems due to increased use of computers, mobiles, gadgets and other digital electronics products. However, problems such as photophobia, intense perilimbal infection and corneal allergy due to continuous use of eye lens are responsible for restraining the growth of eye lens market. Nevertheless, untapped techniques for treatment of ophthalmic disorders are likely to open new opportunities for the eye lens market in the forecasted years.
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Based on lens type, eye lens market has been segmented as single vision lens, bifocal & trifocal lens, plastic lens, soft contact lens, rigid gas permeable contact lens and disposable contact lens. Soft contact lens segment dominates the market because more than 80% lens wearer prefer soft contact lens. Plastic lens segment is dominating the eye lens market and it is expected to remain dominant during the forecast period. Progression lens is true multifocal lens which eliminates the traditional line of bifocal and trifocal eye lens.
Based on application, eye lens market has been segmented as therapeutic, lifestyle, corrective and cosmetic. With more than 40% market share, corrective lens segment market is leading the market of the eye lens. The therapeutic segment is the second largest segment in eye lens market and it is expected to generate new opportunities during the forecast period.
Based on region, eye lens market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. In 2015, North America dominated the market with more than 30% market share and has a strong presence in eye lens market. With increasing cases of ophthalmic cases, Asia Pacific is expected to experience high growth in the forecast period.
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Key players operating in eye lens market are Novartis International AG, Valeant Pharmaceuticals, Menicon Group, The Cooper Companies, Inc., STAAR Surgical, Carl Zeiss AG, Johnson and Johnson, SynergEyes Inc., Essilor International S.A., Charenton-le-Pont, and Abbott Medical Optics, Inc.
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