Disposable Contact Lenses are Gaining Traction in Terms of Durability & Versatility
Disposable contact lenses are becoming increasingly popular among people of all ages because of its convenient usage. Coloured contact lenses completely alter the colour of an eye and are used by millions of individuals for solely cosmetic reasons. The lack of time for protein deposits to accumulate and greater hygiene associated with the use of disposable contact lenses are the primary factors driving the global expansion of disposable contact lenses. The popularity of daily disposable lenses is growing as a new set of lenses gives the wearer much better comfort. As a result, many players have started producing daily disposable lenses. Most users consider these as the healthiest contact lenses. Daily disposable lenses are also prescribed by eye care professionals to avoid the issues associated with prolonged lens replacements. Optometrists recommend contact lenses to treat vision problems and reduce the probability of complications arising and developing poor vision. The most popular option for buyers is disposable contact lenses. These are far more durable, fit well on eye lenses, provide comfort and are simple to remove and put on. The increased use of digital gadgets for work and a changing lifestyle are the major reasons behind deteriorating eyesight and many people use glasses to decrease errors and blurry vision. These lenses can aid with eye redness, inflammation, dryness, and tiredness. Disposable contact lenses are becoming increasingly popular among consumers due to their durability and versatility.
Increased Awareness of Eye Protection & Fashion Trends to Drive Market Growth
The disposable contact lenses market in North America is expanding rapidly. The United States is a prominent market for disposable contact lenses and is expected to lead throughout the forecast period. These contact lenses are becoming more popular as a result of celebrity endorsements of these products in movies and advertisements, changing fashion and lifestyle, and the high income of people. Increased awareness of eye protection and safety is also encouraging market expansion. The Asia Pacific region has the greatest demand for disposable contact lenses. Because of their customizable colours, these glasses are popular in countries like China and Japan. There are fashion trends in some countries where people change their eye colour to match a festival or venue theme. Rising demand for disposable contact lenses by sports players in China and India, as well as enhanced penetration of contact lens manufacturers in Asia Pacific's emerging economies, are expected to fuel the expansion of the Asia Pacific disposable contact lenses market with a significant rate of growth. Rising disposable income is another factor driving the disposable contact lenses market in the region.
Recent Trends in the Disposable Contact Lenses Industry:
- Innovations in materials such as silicone, hydrogel, with improved oxygen permeability, comfort and overall eye health.
- Customised contact lenses as per individual needs, designs and colours.
- Development of more sustainable and biodegradable contact lenses and packaging materials.
- High investments in new technologies to enhance the comfort of lenses with long-lasting moisture.
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Preference for Prescription Glasses, Eye Infection & Govt. Regulations are Likely to be a Challenge for Market Participants
Disposable contact lenses market is facing restraints such as excessive use of contact lenses can cause eye irritation and redness. If it is not properly cleaned and stored, microbial contamination may occur, resulting in eye illness. If the lenses are not removed before sleeping, it can cause septic and lead to severe eye injury. As contact lenses are considered as a class II medical device, they require a prescription. Due to government regulations in some countries, their sale is restricted, and consumers need to get a prescription to purchase them. The unwillingness of the patient population to wear lenses due to a lack of awareness, as well as a preference for prescription glasses are factors limiting the growth of the disposable contact lenses market. Disposable contact lens market is further hampered by various operations and surgeries that aid in the permanent cure of eye sight disorders.
Market Participants are Aiming to Gain Ground with Technical Advancements & Novel Innovations
Leading market players are conducting awareness campaigns and launching innovative products, that are expected to drive the growth of daily disposable contact lenses. Bausch Health Companies Inc., released a novel hydrogel-based contact lens Bausch + Lomb ULTRA® ONE DAY in 2022 that is a one-day disposable type of contact lens. The lens is made with ComfertFeel technology, which delivers moisturisers, osmoprotectants and electrolytes to keep eyes protected and moist all day. Alcon Inc. an eye care product company, launched PRECISION1 for Astigmatism in Jan 2021, a daily disposable silicone hydrogel (SiHy) lens created for astigmatic patients in the United States. Bausch Health Companies Inc. launched the Bausch + Lomb INFUSE silicone hydrogel daily disposable contact lens in Aug 2020 to improve ocular surface homeostasis and minimize contact lens dryness symptoms. Tangible Science product offering of daily disposable silicone hydrogel contact lenses coated with a modified formula of Tangible Hydra-PEG, which aims to increase lens wettability and deposit resistance, was authorised by the Food and Drug Administration (FDA) in Dec 2018. The FDA approved the first contact lens with an additive that can automatically darken the lens when exposed to bright light in Apr 2018. Johnson & Johnson MedTech announced the release of its latest innovation, ACUVUE® OASYS MAX 1-DAY contact lenses and ACUVUE® OASYS MAX 1-Day MULTIFOCAL contact lenses for presbyopia, in Sep 2022. Various improvements and technical advancements are making these lenses more durable, comfortable, and lightweight. As the number of people suffering from eyesight problems increases, it will lead to the market expansion.
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Rising Eye Sight Problems will Increase the Use of Disposable Contact Lenses
There are numerous eye sight problems, including myopia, hyperopia, and presbyopia. People are opting for contact lenses to reduce the discomfort and poor vision caused by these issues and to avoid subsequent complications. Silicon-based contact lenses, such as silicon hydrogel, are becoming increasingly popular. These disposable contact lenses, in addition to being a solution for vision issues, are customisable, allowing the user to modify the colour of their eyes. As a fashion trend, several coloured disposable contact lenses are available, allowing users to temporarily improve or entirely change the colour of their lens. Growing opportunities for the disposable contact lenses market are being created by the research and development activities associated with water surface daily disposable contact lenses for all-day wear, as daily disposable contact lenses are replaced every day; less tear protein and debris accumulate on the lens surface than with reusable lenses. As a result, using these lenses reduces the chance of patients developing giant papillary conjunctivitis (GPC) and/or ocular allergic reactions.
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The report provides a detailed overview of the disposable contact lenses market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for disposable contact lenses market has been offered for all regional market share, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the disposable contact lenses market. These Y-o-Y projections on regional and country-level markets brighten the political, economic and business environment outlook, which are anticipated to have a substantial impact on the growth of the disposable contact lenses market. Some key country and region included in the disposable contact lenses market report as follows:
| Regions | Countries |
|---|---|
| North America | United States, Canada |
| Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
| Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Sweden, Austria, Norway, Denmark, Finland, Ireland, Czech Republic, Rest of Europe |
| Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific |
| Middle East and Africa | GCC Countries, South Africa, Egypt, Turkey, Morocco, Israel, Iran, Kenya, Nigeria, Rest of MEA |
Disposable Contact Lenses Market Research Report Covers In-depth Analysis on:
- Disposable contact lenses market detailed segments and segment-wise market breakdown
- Disposable contact lenses market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in disposable contact lenses industry)
- Current, historical and forthcoming 10 years market valuation in terms of disposable contact lenses market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Disposable contact lenses market demand analysis
- Disposable contact lenses market pricing analysis over forecast period (by key segment and by region)
- Disposable contact lenses market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in disposable contact lenses market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in disposable contact lenses market
- Disposable contact lenses market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on disposable contact lenses market forecast by countries
- Mergers and acquisitions in disposable contact lenses market
- Essential information to enhance market position
- Robust research methodology
- Frequently Asked Questions -
What factors are driving the growth of disposable contact lenses market?
The growth is driven by increasing consumer preference for convenience and hygiene, technological advancements in lens materials and rising awareness of eye health, especially among younger demographics.
What are the key challenges facing the disposable contact lenses market?
Key challenges include the high cost of advanced lenses, competition from alternative vision correction methods like LASIK and regulatory compliance in various regions.
What trends are shaping the future of the disposable contact lenses market?
The market is shaped by trends such as the rising demand for daily disposable lenses, the popularity of colored and cosmetic lenses and the growth of e-commerce distribution channels.
