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Surge in Occurrence of Eye Conditions Including Myopia is Expected to Fuel The Growth of Contact Lens Market

Contact lenses are one of the most crucial subsets of the eye care industry. The contact lens market is expanding due to increasing frequency of various eye conditions such as cataracts and refractive errors, which may be treated using contact lens solutions to correct vision. Moreover, the market growth is expected to be fuelled by surge in myopia and astigmatism cases across the globe. Also, the expansion of the market is fuelled by rising public awareness of the advantages of disposable lenses versus reusable lenses.

The contact lens market growth has been amplified by the rising number of product offerings and innovations. Moreover, market participants are investing in R&D to offer cutting-edge technology and increase their revenue share by gaining market access and regulatory clearances.

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Besides this, the contract lens market is also anticipated to expand strongly as these are available in the form of disposable and reusable.

In addition to this, contact lens manufacturers are also experimenting with new technologies. They aim to improve the aesthetics and comfort of their new designs for customers who wear them frequently. Moreover, customers are also influenced to purchase recognized brands on the market. Most of the customers purchase their contact lens directly from optometrists or optical stores.

Surge in geriatric population is expected to boost the sales

The geriatric population has the maximum incidence of vision-related problems. They suffer from various biggest health issues for instance age-related cataracts, macular degeneration, diabetic retinopathy, and glaucoma. As the frequency of eye-related ailments grows, the need for visual health services and goods among the elderly also rise.

Contact lenses are not yet widely recognized in developing nations

Even though contact lens has many benefits and these offer good quality of life than glasses. Contact lens are yet not very common in developing nations since a lot of people still wear glasses and they are unaware of contact lenses with power. Besides these, there are various side effects related to contact lenses such as pain, excessive tearing, stinging, burning, gritty sensation and unusual redness are expected to restrict the growth of the market during the forecast period.

Limited number of significant manufacturers is expected to push the growth of the market

Majority of businesses invest in comprehensive research and development, mostly to create products with cutting-edge technology. Market players are also using various approaches such as mergers and acquisitions, diversification of product portfolios, global growth

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