Global Outlook of the Soft Contact Lens Market Global Soft Contact Lens Market 2017-2021

Global Soft Contact Lens Market 2017-2021
The Soft Contact Lens market report contains a comprehensive market and vendor landscape in addition
to a SWOT analysis of the key vendors for 2017-2021. The following companies are the key players in the
global soft contact lens market: CooperVision, Johnson & Johnson, Novartis, and Valeant
Pharmaceuticals. Other Prominent Vendors in the market are Carl Zeiss, Contamac US, Essilor
International, Ginko International, Hoya, Menicon, Sensimed, SynergEyes, and UltraVision.
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Market Trend
One trend in soft contact lens market is focus on drug delivery through contact lenses. The ten-fold
increase in bioavailability has reduced the loss of drugs while delivery and potential side effects. Further,
these contact lenses provide a uniform release profile compared with the pulsatile delivery with eye
drops, which has the potential to provide improved therapeutic results. Finally, drug delivery via
extended wear contact lenses can significantly improve the compliance.
Market Driver
According to the report, one driver in soft contact lens market is rise in the number of people with eye
disorders. The number of cases of eye disorders such as refractive error, cataract, and glaucoma is
increasing leading to visual impairment or blindness. Some of the reasons for such disorders include
increase in smoking and ultraviolet light exposure. Further, the increase in the use of digital appliances
and gadgets, including gaming consoles, computers, and other electronic products has been one of the
major factors contributing to the in the rise in eye disorders among the youth in the past decade.
Increase in diabetic population is another reason for the rise in number of eye disorders. Diabetes can
result in glaucoma, retinopathy, cataracts, temporary blurring of the vision, or permanent loss of vision.
In 2015, more than 400 million adults of more than 20 years of age were affected by diabetes
worldwide. This included more than 185 million underdiagnosed people.
Market Challenge
Report states that one challenge in soft contact lens market is limitations of soft contact lenses. Unlike
glasses, contact lenses are in direct contact with the eye and often takes the user a bit of time to get
accustomed to them. Contact lenses are extremely fragile and can be lost easily and are prone to
tearing. In some cases, particularly with daily disposable contact lenses, the overall cost may be much
higher compared with a regular pair of glasses. Further, in the case of monthly replaceable and
extended period lenses, regular maintenance is necessary for optimal performance. These limitations of
contact lenses are likely to become hurdles for the growth of the global contact lens market during the
forecast period.
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