Rise in prevalence of eye disorders, increase in the number of vision correction surgeries, aging population across the world, and surge in applications of bandage contact lenses in the treatment of eye disorders are the major factors expected to drive the global bandage contact lenses market during the forecast period.
North America held major share of the global bandage contact lenses market in 2020, due to the high demand for bandage contact lenses in the region. Additionally, technological advancements drive the demand for bandage contact lenses, which is expected to augment the market in the region.
The bandage contact lenses market in Asia Pacific is likely to expand at a high CAGR of 8.2% from 2021 to 2031. Increase in incidence of eye diseases in Asia Pacific, especially in China, Singapore, Indonesia, and other countries in Southeast Asia, and rise in healthcare expenditure are expected to fuel the growth of the market in Asia Pacific from 2021 to 2031.
Download FREE Report Sample (PDF with Insights, Charts, Tables, Figures) at: https://www.researchmoz.us/enquiry.php?type=S&repid=3449089
According to the report, the global bandage contact lenses market was valued over US$ 4.1 Bn in 2020 and is projected to expand at a CAGR of 7.8% from 2021 to 2031. A bandage contact lens protects diseased or an injured cornea due to the rubbing of the blinking eyelids, thereby allowing it to heal. The bandage lens often makes the eye feel more comfortable. The lens has no focusing power. A bandage contact lens does not improve vision.
As information concerning the COVID-19 disease continues to evolve, patients are seeking guidance from eye care practitioners for efficient eye care measures. In order to meet the needs of patients, companies in the bandage contact lenses market are maintaining continuous supply chains to support ophthalmologists during the ongoing pandemic. As such, there is a lack of evidence to indicate increased risk of contracting coronavirus through contact lenses (CL).
Patients are expected to experience an irregular supply of bandage contact lenses (BCLs) due to logistics and shipment delays in not only high-income countries, but also in low- and middle-income countries. Companies in the bandage contact lenses market are adopting contingency planning to predict future outcomes in cases of continued volatile demand sentiments.
Bandage Contact Lenses Market: Overview
- This report analyzes the current scenario and future prospects of the global bandage contact lenses market. A bandage contact lens protects diseased or an injured cornea due to the rubbing of the blinking eyelids, thereby allowing it to heal. The bandage lens often makes the eye feel more comfortable. The lens has no focusing power. A bandage contact lens does not improve vision. Rise in prevalence of eye disorders is projected to boost the growth of the global bandage contact lenses market from 2021 to 2031.
- The report includes an elaborate executive summary, which provides a snapshot of various segments and sub-segments of the global bandage contact lenses market. It also provides information and data analysis of the global bandage contact lenses market about segments based on lens type, application, distribution channel, and region.
- The overview section of the report provides a detailed qualitative analysis of drivers, restraints, and opportunities that affect the global bandage contact lenses market
- The report includes company profiles, which provide information about their business, product portfolios, and competitive landscape in the global bandage contact lenses market
- The report on the global bandage contact lenses market offers market attractiveness analysis of regions and segments
- The last section of the report comprises quantitative and qualitative analyses on market share/position of key players operating in the global bandage contact lenses market. It analyzes key competitive strategies adopted by major industry players, thereby presenting a thorough understanding of the competitive scenario in the global bandage contact lenses market.
Grab Your Report at an Impressive Discount (Use Corporate email ID to Get Higher Priority) @ https://www.researchmoz.us/enquiry.php?type=D&repid=3449089
Bandage Contact Lenses Market: Key Segments
- In terms of lens type, the global bandage contact lenses market has been classified into soft lens, rigid lens, and hybrid lens. The soft lens segment dominated the global bandage contact lenses market in 2020, and the trend is projected to continue during the forecast period.
- Based on application, the global bandage contact lenses market has been categorized into corneal injury/disorders, post-ocular surgery, and others
- In terms of distribution channel, the global bandage contact lenses market has been divided into retail, e-commerce, and others
- Market size and forecast for each of these segments and sub-segments have been provided from 2017 to 2031. The CAGR of respective segment has also been provided from 2021 to 2031, considering 2020 as the base year, and 2017, 2018, and 2019 as historical years.
Growth Strategies of Key Players
Key players operating in the global bandage contact lenses market are Advanced Vision Technologies, Alcon Inc., Bausch & Lomb (Bausch Health Companies Inc.), Clearlab SG Pte. Ltd., CooperVision (The Cooper Companies, Inc.), Excellent Hi-Care Pvt. Ltd. Johnson & Johnson, Metro Optics, UltraVision CLPL, and (X-Cel Specialty Contacts) Walman Optical. These companies engage in the development of bandage contact lenses in order to expand product offerings and customer base.
Expanding operations in future? To get the perfect launch ask for a custom report @ https://www.researchmoz.us/enquiry.php?type=E&repid=3449089
Global Bandage Contact Lenses Market: Segmentation
- Bandage Contact Lenses Market, by Lens Type
- Soft Lens
- Silicon Hydrogel
- Rigid Lens
- Hybrid Lens
- Soft Lens
- Bandage Contact Lenses Market, by Application
- Corneal Injury/Disorders
- Post-ocular Surgery
- Bandage Contact Lenses Market, by Distribution Channel
- Bandage contact lenses Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- North America
- Bandage Contact Lenses Market – Global Industry Analysis, Size, Share, Growth, Trends, And Forecast 2017 – 2025
- Global And Japan Cosmetic Contact Lenses Market Insights, Forecast To 2027
- Global And China Corrective Contact Lenses Market Insights, Forecast To 2027
- Global Contact Lenses For Myopia Control Market Research Report 2021
- Global And USA Soft Contact Lenses Market Insights, Forecast To 2027
Thank you for reading our report. For further queries and customization inquiries, please get in touch with us. Our team will ensure the report is customized to meet your requirements.
ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz’s service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.
For More Information Kindly Contact:
ResearchMoz Global Pvt Ltd
90 State Street, Albany, NY 12207, USA