Advanced Materials Industry Contact Lenses Market Analysis and Trends, 2024 | Page 2

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On the basis of design, the industry is fragmented into multifocal, toric, spherical, and others. ‘Others’ includes
custom-made and ortho-k products. The spherical lenses segment contributed to more than 70% of the overall
market in 2013. As the name suggests, these lenses have a spherical surface, uniformly thick edges, and can be
used by patients suffering from even slight astigmatism. Toric lenses are generally used in serious cases of
astigmatism. This is because of the lenses’ ability to create various refractive powers on horizontal & vertical
orientations. Multifocal lenses are usually used for age-related visual disorders (presbyopia).
As per usage, the divisions are cosmetic, corrective, lifestyle-oriented, therapeutic, and prosthetic. The
corrective segment led the overall market with shares surpassing 40% in 2012. It is expected that therapeutic
lenses will hold the second highest share in the global market during the forecast period.
The various geographies in the global contact lenses market are North America, Asia Pacific, Europe, and Rest of
the World. Popularity of online retail portals and greater use of the internet can drive the Asia Pacific market to
register the highest growth rate. Widespread adoption of vision correction equipment in China and Japan can
positively impact this region in the years to come. North America was the largest market in 2013. Factors
propelling this region are high product penetration and rising consumption of disposable lenses.
Companies in the global contact lenses market are Ciba Vision, Bausch & Lomb, Johnson & Johnson, and
CooperVision. Johnson & Johnson led the global industry in 2013. Most industry participants take to strategies,
such as worldwide market coverage, business collaborations, and branding measures for capturing larger
market shares.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/specialty-
ceramic-glass-and-fiber-industry
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