Industry Background:
Disposable contact lenses thin plastic disk which are worn to improve eye vision apart from therapeutics or cosmetics reasons. These lenses are directly placed over cornea of the eye. Recently, it has been seen that a large number of people are preferring to wear such lenses for enhance their eyes appearance as well during sport activities. This has led manufacturers to focus on designing multi-dimensional disposable contact lenses.This growth is primarily driven by Increasing Occurrence of Astigmatism, Hyperopia and Myopia and Growing Eye Care Centers and Awareness About Its Importance.
Globally, a noticeable market trend is evident Manufacturers Focus Towards Developing Disposable Contact Lenses to Suit the Digital Driven Lifestyles of Individuals
. Major Players, such as Novartis [Switzerland], Johnson &Johnson Vision Care [United States], CooperVision [United States], Bausch + Lomb [United States], St.Shine Optical [Taiwan] and Menicon [Japan] etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
All disposable contact lenses including Prescription contact lenses and cosmetic contact lenses have to be prescribed as mandated by United States Food and Drug Administrative (FDA). This rule has come into effect owing to common complications such as infection and inflammation might lead to vision loss or blindness.
Market Drivers
- Increasing Occurrence of Astigmatism, Hyperopia and Myopia
- Growing Eye Care Centers and Awareness About Its Importance
Market Trend
- Manufacturers Focus Towards Developing Disposable Contact Lenses to Suit the Digital Driven Lifestyles of Individuals
- Rising Demand for Cosmetic Contact Lenses with Aesthetic Design Amid Changing Fashion Statement
Restraints
- Adverse Effects Associated with Its Use such as Dryness, Red-eyes and Eye-infections
- Availability of Alternatives Eye Care Methods
Opportunities
Growing Uses of Disposable Contact Lenses in Entertainment and Media Industry and Increase in Online Sales of Contact Lenses and Eye Care Products
Challenges
Lack of Trained Ophthalmologists
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Disposable Contact Lenses Study Sheds Light on
The Disposable Contact Lenses Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Disposable Contact Lenses industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Disposable Contact Lenses industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.