United States Therapeutic Contact Lens Market to be dominated by Drug Delivery Through 2028
A
hike in number of research and developments in optometry is expected to drive
the growth of the United States Therapeutic Contact Lens Market in the forecast
period.
According to TechSci Research report, “United States Therapeutic Contact Lens Market – By
Region, Competition, Forecast and Opportunities, 2028”, United
States Therapeutic Contact Lens market is anticipated to grow at an impressive rate
in the forecast period, 2024-2028. This can be ascribed to the extensive
research conducted in the field of therapeutic contact lenses. The possibility of therapeutic contact lenses as a
drug delivery mechanism has been thoroughly investigated. This is because they
have a higher drug bioavailability than eye drops and can be used on
long-wearing regimens, which reduces side effects and compliance while
increasing dose frequency. Easy, pleasant, regulated administration over an
extended period with preservation of vision and ocular function are desired
characteristics of drug delivery systems.
Moreover, Hi-Tech contact lenses have
been introduced in the market. Among other things, high-tech contact lenses are
used to treat eye conditions. The high-tech contact lenses use several
procedures to monitor eye health, deliver drugs to the eye, and more. They
offer augmented reality. Contact lenses that improve users' vision have been
introduced by Mojo Vision, a California-based firm developing smart contact
lenses based on augmented reality. These types of lenses are facilitated by
an inbuilt display which offers prompt details about the objects focused on
without obstructing the real vision.
The Therapeutic
Contact Lens Market in United States has seen a notable growth over the last
few years, but it is not without its challenges. The market faces several
challenges that are likely to shape its future and affect the availability and
affordability of therapeutic contact lenses for patients. Regulatory
challenges are the major challenge in the United States Therapeutic Contact
Lens Market. The regulatory environment for therapeutic contact lenses in the
United States is complex and strict. The FDA has strict regulations and
guidelines on the development, testing, and approval of contact lenses, which
can make it difficult and expensive for manufacturers to bring new products to
market. This can lead to delays in introducing new products to the market,
which can hinder the growth of the industry. Another hindrance in United States
Therapeutic Contact Lens Market is the high cost of therapeutic contact lenses. Therapeutic contact lenses are more expensive than
regular contact lenses. This can make them unreasonable for many people who
need them, particularly those who do not have insurance coverage. Even with
insurance coverage, the high cost can be a significant barrier to access for
many patients.
Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "United States Therapeutic Contact Lens Market.”
United States
Therapeutic Contact Lens Market can be segmented by
material type, application, distribution channel, and by region.
Based on material type,
the United States Therapeutic Contact Lens market can be segmented into senofilcon,
balafilcon, lotrafilcon, methafilcon, and others. The senofilcon segment is expected to dominate the
market during the forecast period because it provides higher comfort than wearing no lenses and to
significantly reduce subjective ocular discomfort related to lens usage under
challenging environmental circumstances.
Based on Distribution
Channel, the United States Therapeutic Contact Lens market can be further divided
into hospitals & clinics, online, and optical retail stores. The hospitals & clinics segment dominated the
market in 2022 and is expected to maintain its dominance throughout the
forecast period. This can be attributed to the fact that people prefer buying
therapeutic contact lenses from the hospitals or clinics of their respective
ophthalmologist due to the faith and trust that they have developed over the
course of their treatment.
Major companies operating in United
States Therapeutic Contact Lens Market are:
- Alcon, Inc.
- CooperVision,
Inc.
- Johnson & Johnson Vision
Care Inc
- Bausch
Health Companies, Inc.
- EssilorLuxottica
S.A
- Carl Zeiss Meditec
AG
- SynergEyes
Inc.
- X-Cel
Specialty Contacts (Walman Company)
- Hoya
Corporation
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“United States Therapeutic
Contact Lens Market is expected to register significant growth during the
forecast period on account of the increasing public initiatives to raise vision
care awareness. The market for therapeutic contact lenses is expected to
increase in the forecast years due to favorable steps taken by the government
of the United States to promote sophisticated vision aids. Through the
Vision Health Initiative, for instance, the US Department of Health and
Human Services and the Centers for Disease Control and Prevention (CDC) are ardently
engaging to increase consciousness of practices and risk factors that can
negatively impact the eyesight of contact lens users. Along with it, the rising
cases of Mask Associated Dry Eye (MADE), digital eye strain, and quarantine
myopia resulted from the outbreak of COVID-19 are anticipated to surge the growth
of therapeutic contact lenses in the United States.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“United States Therapeutic Contact Lens Market By Material Type (Senofilcon, Balafilcon,
Lotrafilcon, Methafilcon, Others), By Application (Drug Delivery, Corneal
Healing, Pain Relief, Sealing & Protection, Others), By Distribution
Channel (Hospitals & Clinics, Online, Optical Retail Stores), By Region,
Competition, Forecast and Opportunities, 2028”, has evaluated the future
growth potential of United States Therapeutic Contact Lens market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United States Therapeutic Contact Lens market.
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