SPECIALTY CONTACT LENS MARKET

INTRODUCTION

Specialty contacts are an alternative to conventional lenses and are made to address or get around particular problems that make wearing ordinary contacts uncomfortable or impossible. Specialty contact lenses come in a variety of forms, including: Lenses RGP.

Specialty contacts are lenses created for patients with corneal disorders or other eye diseases that make conventional contacts inappropriate.

Regular contact lenses must fit snugly and comfortably because they rest directly on the cornea, which is the surface of the eyes. Regrettably, conventional contacts won't fit everyone because not everyone has a cornea that is exactly round. Additionally, some people struggle to wear traditional contact lenses due to ocular issues including dry eye.

These problems can be overcome and these patients can benefit from good vision without glasses thanks to a variety of speciality contact lens options.

SPECIALTY CONTACT LENS MARKET SIZE AND FORECAST

The Global specialty contact lens market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

SPECIALTY CONTACT LENS MARKET NEW PRODUCT LAUNCH

Revive custom soft contact lenses, a new family of individualized soft contact lenses, have been introduced by Bausch and Lomb Corporation, a major worldwide eye health company committed to helping people see better to live better.

Revive bespoke soft lenses, which are available in spherical, toric, and multifocal options, are made to accommodate a wider range of patients' visual requirements, including those with strong or unusual prescriptions.

Eye care practitioners will be able to use one customized soft contact lens for a wide patient group thanks to Revive custom soft lenses, which use patented technology for spherical, multifocal, toric, and multifocal toric lenses.

These lenses are an amalgamation of cutting-edge contact lens features and technology found throughout our extensive contact lens line-up. A non-ionic substance is used in the creation of Revive bespoke soft lenses, allowing up to three months of daily use of the lenses.

They can also be used for routine or scheduled replacement procedures, giving eye care specialists the freedom to recommend the best option for each patient.

SPECIALTY CONTACT LENS MARKET COVID-19 IMPACT

After spending some time in quarantine to think about how important good health is, many patients have asked about daily disposable lenses because they are more convenient, comfortable, and of better quality than other extended-wear lenses. For new soft contact lens wearers prior to Covid was daily disposable lenses;

However, the availability of contact lens solutions was an additional issue during the pandemic. Equaling tissue in certain regions of the country during the pandemic, contact focal point arrangement supplies were purportedly low and requested high, compelling a few optometrists and patients to change to a day to day dispensable methodology for a while.

As a result of remaining at home for the majority of the year, many patients have unused insurance benefits and/or excess health savings accounts (HSAs), likely contributing to some of the increase in contact lens fittings and sales. During this COVID-19 pandemic, patients may have also been motivated to purchase contact lenses from a local provider in an effort to support local businesses.

This rise in the number of new contact lens wearers has been aided by in-office rebates and discounts, as well as patient education about their benefits and how to use them. 2020 also simultaneously saw an increase in contact lens dropout of many established wearers. Some reasons that patients reportedly decreased or completely stopped contact lens wear include wanting to avoid touching the face, concern for increased risk of infections, worsened dry eye, and a decreased need for contact lenses since Work from home.

Patients' increased risk of mask-associated dry eye (MADE), incomplete blinking, and decreased blink rate as a result of excessive computer use also contribute to contact lens dropout. Millions of people worldwide, including many optometrists, have switched to virtual events and increased daily digital use.

Many patients are at an increased risk for dry eye issues, which increases the likelihood of discontinuing contact lenses, in addition to the millions of children who now attend virtual school and the millions of adults who spend 40 to 60 hours per week staring at multiple digital devices.

For some, the global pandemic may have resulted in the loss of vision insurance or the means to pay for expenses like contact lenses, which increased the rate of dropout. Unfortunately, COVID-19 has resulted in widespread financial burdens, and it appears that the luxury of wearing contact lenses is frequently one of the first expenses cut from a patient's budget.

SPECIALTY CONTACT LENS MARKET COMPANY PROFILES

• Johnson & Johnson Vision Care Inc. 
• Abbott Medical Optics Inc. 
• Essilor International S.A.
• Hoya Corporation
• Alcon Vision LLC 
• STAAR Surgical Company 
• ZEISS International 

THIS SPECIALTY CONTACT LENS MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. What is the average cost per Global specialty contact lens market right now and how will it change in the next 5-6 years?
2. Average cost to set up a Global specialty contact lens market in the US, Europe and China?
3. How many Global specialty contact lens markets are manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of a Global specialty contact lens market and key vendor selection criteria
6. Where is the Global specialty contact lens market manufactured? What is the average margin per equipment?
7. Market share of Global specialty contact lens market manufacturers and their upcoming products
8. The most important planned Global specialty contact lens market in next 2 years
9. Details on network of major Global specialty contact lens market and pricing plans
10. Cost advantage for OEMs who manufacture Global specialty contact lens market in-house
11. 5 key predictions for next 5 years in Global specialty contact lens market
12. Average B-2-B Global specialty contact lens market price in all segments
13. Latest trends in Global specialty contact lens market, by every market segment
14. The market size (both volume and value) of the Global specialty contact lens market in 2024-2030 and every year in between?
15. Global production breakup of Global specialty contact lens market, by suppliers and their OEM relationship