United States
Therapeutic Contact Lens Market is anticipated to witness a growth of steady
CAGR in the forecast period, 2024-2028, owing to the rise in digital eye strain
amongst Americans. The way blue light is emitted by phone displays and other
digital devices differs from how it is produced by natural sources due to
peculiar work culture in the United States and the extensive usage of smart
devices like desktops, laptops, tabs, mobile phones, etc. As a result, blue light
scatters more in the eyes, adding to the visual chaos. Computer glasses with
therapeutic contact lenses that block blue light can lessen digital eye
strain by increasing contrast. Anti-reflective eyewear reduces glare, improves
contrast, and filters the blue light emitted by electronic devices.
Furthermore,
the increase of middle classes and urbanization in rapidly emerging countries,
particularly in Latin America and Asia, have altered the economy and
personal eye health needs. The need for better healthcare trends and
requirements has grown significantly as a result of an enormous rise in rural
residents moving to cities in quest of better employment opportunities. One of
the key drivers of the growth of the United States Therapeutic Contact Lenses
Market is the trend towards luxury goods like contact lenses among consumers
who have more disposable income.
Increasing Prevalence of Eye Disorders in the
United States
The increasing prevalence of eye disorders in the
United States is a growing concern for both healthcare professionals and
patients alike. Vision is a critical sense that plays a vital role in our daily
lives, and any impairment can have a significant impact on an individual's
quality of life. This article will explore the factors behind the increasing
prevalence of eye disorders in the United States and what can be done to
address this issue.
According to the Centers for Disease Control and
Prevention (CDC), approximately 12 million people in the United States have
vision impairment, including 1 million who are blind. The most common causes of vision loss in the
United States are age-related macular degeneration, cataracts, glaucoma, and
diabetic retinopathy. These conditions affect an individual's ability to see
and impact their overall health and well-being.
One of the primary factors contributing to the
increasing prevalence of eye disorders in the United States is the aging
population. As people age, their risk of developing eye conditions such as
age-related macular degeneration and cataracts increases. The baby boomer
generation, which accounts for a significant portion of the US population, is
now reaching retirement age, and as a result, the number of individuals with
age-related eye conditions is expected to rise.
Another factor contributing to the increasing
prevalence of eye disorders is the rise in diabetes rates in the United States.
Diabetes is a chronic condition that affects the body's ability to produce or
use insulin effectively, which can lead to a range of health complications,
including diabetic retinopathy. Diabetic retinopathy is a condition that
affects the blood vessels in the retina and can cause vision loss or blindness.
It is estimated that near about 700,000 persons in the United States have
proliferative diabetic retinopathy, with an annual incidence of 65,000. According
to National Diabetes Statistics Report for 2022, about 11.3% of the United
States population (approximately 37.3 million people) are suffering from
diabetes.
Additionally, lifestyle factors such as poor
nutrition, lack of exercise, and exposure to harmful UV rays from the sun can
contribute to the development of eye disorders. Smoking is another significant
risk factor for eye diseases such as age-related macular degeneration and
cataracts.
Address the increasing prevalence of eye disorders
in the United States, healthcare professionals and patients must take proactive
steps to promote eye health. This includes regular eye exams to detect and
treat conditions early, maintaining a healthy diet and exercise regimen,
quitting smoking, and wearing protective eyewear when necessary.
Growing Preference for Contact Lenses over Glasses in
the United States
In recent years, there has been a growing preference
for contact lenses over glasses in the United States. While glasses have
traditionally been the primary form of vision correction, contact lenses offer
a range of benefits that are appealing to many people. This article will
explore the factors behind this trend and why more people are opting for
contact lenses over glasses.
One of the main reasons why people are choosing
contact lenses over glasses is the convenience they offer. Unlike glasses,
contact lenses do not fog up, slide down the nose, or get in the way during
physical activities. They also provide a more natural appearance, which can be
particularly appealing to individuals who are self-conscious about wearing
glasses.
Another factor driving the growing preference for
contact lenses is improved vision correction. Contact lenses sit directly on
the eye, providing a broader field of vision and better peripheral vision than
glasses. This can be particularly beneficial for individuals who need to see
clearly during sports, driving, or other activities that require a wide field
of vision.
In addition to convenience and improved vision
correction, contact lenses offer greater flexibility in terms of fashion and
style. With a wide range of options available, individuals can choose from
different types of contact lenses, such as colored lenses or lenses that
correct astigmatism, to achieve the desired look and functionality. This
flexibility allows individuals to express themselves and feel confident in
their appearance while still addressing their vision needs.
Contact lenses are becoming more affordable and
accessible, which is another reason for their growing popularity. The
development of new technologies has led to increased competition among contact
lens manufacturers, driving down prices and making them more widely available
to consumers. Additionally, online retailers offer competitive pricing and the
convenience of home delivery, making it easier for individuals to purchase and
refill their contact lenses.
While contact lenses offer a range of benefits, it's
important to note that they may not be suitable for everyone. Individuals with
certain eye conditions or allergies may not be able to wear contact lenses
safely or comfortably. Additionally, contact lenses require proper care and
maintenance to prevent eye infections and other complications.
Technological Breakthroughs
Technological advancements in therapeutic contact
lenses have revolutionized the way ocular surface diseases are treated in the
United States. These lenses are designed to deliver medication directly to the
affected area, providing targeted and sustained treatment for a range of
conditions, including dry eye, corneal ulcers, and glaucoma. In recent years,
there have been significant advances in the development of therapeutic contact
lenses, driven by innovations in material science, nanotechnology, and drug
delivery systems.
One of the most promising advances in therapeutic
contact lenses is the development of smart contact lenses. These lenses
incorporate sensors and microelectronics to monitor the eye and deliver
medication in real-time. For example, a smart contact lens developed by
researchers at the University of California, San Diego, can measure glucose
levels in tears and provide feedback to a patient with diabetes. This
technology has the potential to revolutionize the management of chronic
diseases, such as diabetes, by providing continuous monitoring and personalized
treatment.
Another area of innovation in therapeutic contact
lenses is the development of materials that can mimic the properties of the
ocular surface. For example, researchers at the University of Michigan have
developed a hydrogel material that can mimic the elasticity of the cornea,
allowing for more comfortable and effective drug delivery. This material can be
modified to release medication in response to specific stimuli, such as changes
in pH or temperature.
Nanotechnology has played a significant role in the
development of therapeutic contact lenses. Nanoparticles can be incorporated
into contact lens materials to enhance drug delivery and release. For example,
a team of researchers from the University of Waterloo has developed a contact
lens that can release glaucoma medication over several days, reducing the need
for daily eye drops. The team achieved this by incorporating nanoparticles into
the contact lens material that could gradually release the medication over
time.
In addition to these technological advancements, there
has been progress in the development of customized contact lenses for
individual patients. This approach involves using advanced imaging techniques
to map the surface of the eye and create lenses that are tailored to the unique
shape and curvature of the eye. This can improve the comfort and efficacy of
the lenses and reduce the risk of complications.
Download Free Sample Report
Market Segmentation
United States
Therapeutic Contact Lens market can be segmented by material type, application,
distribution channel, and by region. Based on material type, the market can be segmented
into senofilcon, balafilcon, lotrafilcon, methafilcon, and others. Based on application,
the market can be divided into drug delivery, corneal healing, pain relief,
sealing & protection, and others. Based on distribution channel, the market
can be fragmented into Hospitals & Clinics, Online, and Optical Retail Stores.
Market Players
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 are some of the leading players
operating in the United States Therapeutic Contact Lens market.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic
Data
|
2018 –
2021
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
|
2024
– 2028
|
|
Quantitative
Units
|
Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028
|
|
Report
Coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments
Covered
|
By Material Type
By Application
By Distribution Channel
By Region
|
|
Regional
scope
|
North-East,
Mid-West, West, South
|
|
Key
companies profiled
|
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.
|
|
Customization
scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through Email (We can also provide the editable version
of the report in PPT/Word format on special request)
|
Report Scope:
In this report, United States Therapeutic Contact Lens
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
United States Therapeutic Contact Lens Market, By Material
Type:
o
Senofilcon
o
Balafilcon
o
Lotrafilcon
o
Methafilcon
o
Others
·
United States Therapeutic Contact Lens Market, By
Application:
o
Drug Delivery
o
Corneal Healing
o
Pain Relief
o
Sealing & Protection
o
Others
·
United States Therapeutic Contact Lens Market, By
Distribution Channel:
o
Hospitals & Clinics
o
Online
o
Optical Retail Stores
·
United States Therapeutic Contact Lens Market, By
Region:
o
North-East
o
Mid-West
o
West
o
South
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the United States Therapeutic
Contact Lens Market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
United States
Therapeutic Contact Lens Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]