Global Contact Lenses For Astigmatism Market Size By Type (Conventional Hydrogel Material, Highly Breathable Silicone Hydrogel), By Application (Hospital Pharmacies, Optical Shop, Online Stores), By Geographic Scope And Forecast

Contact Lenses For Astigmatism Market Size And Forecast

Contact Lenses For Astigmatism Market size was valued at USD 15 Million in 2022 and is projected to reach USD 34 Million by 2030, growing at a CAGR of 10.77% from 2023 to 2030.

The global rise in astigmatism prevalence is a major factor propelling the Contact Lenses For Astigmatism Market expansion. A common refractive error, astigmatism alters the shape of the cornea or lens in the eye, resulting in distorted or blurry vision. The Global Contact Lenses For Astigmatism Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Contact Lenses For Astigmatism Market Definition

Astigmatism-specific contact lenses are made to improve astigmatic patients’ vision. Vision distortion is caused by astigmatism, which occurs when the cornea is not perfectly round. There are two sorts of contact focal points for astigmatismconventional hydrogel and silicone hydrogel that is extremely breathable. Lenses made of conventional hydrogel material are composed of a flexible, water-containing material that easily conforms to the shape of the eye.

Exceptionally breathable silicone hydrogel focal points are made of a gas-penetrable silicone material that permits more oxygen to arrive at your eyes. This is crucial because astigmatic individuals frequently experience dry eyes.

Global Contact Lenses For Astigmatism Market Overview

The global rise in astigmatism prevalence is a major factor propelling the Contact Lenses For Astigmatism Market expansion. A common refractive error, astigmatism alters the shape of the cornea or lens in the eye, resulting in distorted or blurry vision. Demand for contact lenses that can correct astigmatism is expected to rise as more people are diagnosed with the condition. The high cost of astigmatism contact lenses is one of the main barriers to entry in this market. Due to their specialized design and manufacturing process, astigmatism-correcting lenses are more expensive than standard contact lenses. This can restrict the reception of these focal points, especially among thrifty customers.

The market for astigmatism contact lenses sees a significant opportunity in the rising demand for daily disposable lenses. People who would rather not wear glasses or conventional contact lenses on a daily basis have the option of daily disposable lenses, which are both convenient and hygienic. As more people place an emphasis on convenience and ease of use when purchasing vision correction products, this trend is anticipated to continue. By creating more options for astigmatism correction that can be worn on a daily basis, contact lens manufacturers stand to benefit from this trend.

Global Contact Lenses For Astigmatism MarketSegmentation Analysis

The Global Contact Lenses For Astigmatism Market is Segmented on the Basis of Type, Application, And Geography.

Contact Lenses For Astigmatism Market, By Type

• Conventional Hydrogel Material
• Highly Breathable Silicone Hydrogel

Based on Type, the market is segmented into Conventional Hydrogel Material, Highly Breathable Silicone Hydrogel, and Others.

Contact Lenses For Astigmatism Market, By Application

• Hospital Pharmacies
• Optical Shop
• Online Stores
• Others

Based on Application, the market is segmented into Hospital Pharmacies, Optical Shop, Online Stores, Online Stores and Others.

Contact Lenses For Astigmatism Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the world

On the basis of Geography, the Global Contact Lenses For Astigmatism Market is classified into North America, Europe, Asia Pacific, Latin America, Rest of the world. The Asia-Pacific district is supposed to see critical development in the contact focal points for astigmatism market, driven by variables like a huge and developing populace, expanding discretionary cashflow, and rising consciousness of the significance of eye wellbeing. It is anticipated that China, Japan, and India will be major players in the market.

North AmericaThe North American district is supposed to keep on being a huge market for contact focal points for astigmatism, driven by variables like an enormous populace of individuals with astigmatism, elevated degrees of extra cash, and high level medical services foundation. It is anticipated that the market will be dominated by the United States.

Key Players

The “Global Contact Lenses For Astigmatism Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Johnson and Johnson Vision Care, Novartis, CooperVision, Bausch + Lomb, Shine Optical, NEO Vision.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• Johnson and Johnson Vision CareThe launch of Johnson and Johnson Vision Care’s ACUVUE Abiliti Overnight Therapeutic Lenses for the treatment of myopia (nearsightedness) was announced in August 2021. These focal points use a double center plan to decrease the movement of nearsightedness in youngsters.
• NovartisNovartis made the announcement in January 2021 that the new AIR OPTIX plus HydraGlyde for astigmatism contact lenses had been approved by the Food and Drug Administration (FDA) in the United States. For people who have astigmatism, these lenses make use of a brand-new HydraGlyde Moisture Matrix technology to provide them with improved comfort in addition to longer-lasting hydration.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Contact Lenses For Astigmatism Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Contact Lenses For Astigmatism Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles compris