Contact Lenses Market Size to Reach USD 12,660 Million by 2026 at CAGR 4.6% - Valuates Reports - PRNewswire

Contact Lenses Market Size to Reach USD 12,660 Million by 2026 at CAGR 4.6% - Valuates Reports - PRNewswire


Contact Lenses Market Size to Reach USD 12,660 Million by 2026 at CAGR 4.6% - Valuates Reports - PRNewswire

Posted: 08 Apr 2021 08:30 AM PDT

BANGALORE, India, April 8, 2021 /PRNewswire/ -- The Contact Lenses Market is Segmented by Type (Rigid Contact Lenses, Hybrid Contact Lenses, Soft Contact Lenses), by Application (Corrective Lenses, Therapeutic Lenses, Cosmetic Lenses and Lifestyle-Oriented Lenses, Others). The report covers global opportunity analysis and industry forecast from 2021 to 2026. It is published on Valuates Reports in the Eyewear Category.

The global Contact Lenses market size is projected to reach USD 12,660 Million by 2026, from USD 9,658.9 Million in 2019, at a CAGR of 4.6% during the forecast period 2021-2026.

Major factors driving the growth of contact lenses market size are:

  • The growing prevalence of eye disorders such as refractive errors and cataracts.
  • Growing preference for improving aesthetic appearance among millennials.

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TRENDS INFLUENCING THE CONTACT LENSES MARKET SIZE 

One of the major factors driving contact lens demand in the near future is the growing prevalence of presbyopia around the world. Such ocular disorders affect a significant proportion of the global population, which is expected to drive the growth of the contact lenses market size.

Another important factor driving the contact lenses market size is increasing awareness of the therapeutic value of contacts. Contact lenses exert therapeutic benefit by forming a mechanical barrier between the cornea and the external environment, hydrating the corneal epithelium, increasing corneal wound healing, and providing pain relief.

Growing R&D activities in the field of optics and optometry are expected to fuel the contact lenses market size. The demand for contact lenses has risen as a result of advancements such as the introduction of dynamic soft contact lenses with advanced technology. 

Increased demand for regular disposable contact lenses is expected to boost the market's growth prospects. Daily disposable silicone hydrogel contact lenses are gaining popularity, particularly among teenagers and young adults.

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CONTACT LENSES MARKET SHARE ANALYSIS

The corrective lenses segment is expected to be one of the most lucrative during the forecast period based on application. Corrective lenses are used to correct refractive errors such as myopia, astigmatism, presbyopia, and hypermetropia, as well as to enhance vision. 

Based on materials, the hybrid Contact lens segment is expected to be one of the most lucrative during the forecast period. A hybrid contact lens combines gas permeable and silicone hydrogel technology. It consists of an RGP central zone surrounded by a soft or silicone hydrogel material peripheral skirt. It combines the softness of a soft lens with the visual clarity of an RGP lens.

Based on the region, the USA is the largest supplier of Contact Lenses, with a production market share of nearly 56% and sales market share of nearly 33%. That is to say, there are a large number of exports in the USA, while the USA also is the largest consumption region. The U.S. has a high penetration of the product due to significantly high demand from sectors such as media and entertainment.

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Top Major Players in the Contact Lenses Industry

  • Johnson & Johnson Vision Care
  • Novartis
  • CooperVision
  • Bausch + Lomb
  • St.Shine Optical
  • Menicon
  • Hydron
  • Weicon
  • Bescon
  • NEO Vision
  • Clearlab
  • Oculus
  • Camax
  • Seed
  • Hoya Corp
  • Others

Contact Lenses Market Breakdown Data by Type

  • Rigid Contact Lenses
  • Hybrid Contact Lenses
  • Soft Contact Lenses

Contact Lenses Market Breakdown Data by Application

  • Corrective Lenses
  • Therapeutic Lenses
  • Cosmetic Lenses and Lifestyle-Oriented Lenses
  • Others

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SIMILAR REPORTS :

-  In 2020, the global Smart Contact Lenses market size was USD 311 Million and is forecast to USD 1130.6 million in 2027, growing at a CAGR of 24.0% during the 2021-2027

Disposable Contact Lenses Market Report contains segmentation by Type ( Daily Disposable Contact Lenses, Weekly Disposable Contact Lenses, Monthly Disposable Contact Lense), by Application (Corrective Lenses, Therapeutic Lenses, Cosmetic Lenses and Lifestyle-Oriented Lenses) and Regional Opportunity Analysis and Industry Forecast.

In the US market, Disposable contact lenses mainly come from the four major manufacturers. Johnson & Johnson Vision Care, Novartis, Cooper Vision and Bausch + Lomb Which Johnson are the largest supplier in the market. Occupy 37% of the market.

Cosmetic Contact Lenses Market Report contains segmentation by Type ( Rigid Contact Lenses, Soft Contact Lenses, Hybrid Contact Lenses), by Application (Online Stores, Retail Outlets, Others) and Regional Opportunity Analysis and Industry Forecast.

Next Generation Contact Lenses and Visual Prostheses Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type ( Therapeutic Contact Lenses, Drug-eluting Contact Lenses, Diagnostic Monitoring Contact Lenses, Visual Prostheses), by Application (Therapeutic, Drug Delivery, Diagnosis / Monitoring) and Regional Opportunity Analysis and Industry Forecast.

Cosmetic Colored Contact Lenses Market Size, Share, Trends, Growth, Industry Analysis, Forecast 2020 to 2026. The Report contains segmentation by Type ( Soft Contact Lenses, Rigid Gas Permeable (RGP) Contact Lenses), by Application (Daily Disposable Colored Contact Lenses, Monthly Colored Contact Lenses, Yearly Colored Contact Lenses, Others) and Regional Opportunity Analysis and Industry Forecast.

RGP Contact Lenses Market Report contains segmentation by Type ( Replaced Every Six Months, Replaced Every Twelve Months), by Application (Adult, Children) and Regional Opportunity Analysis and Industry Forecast.

Soft Contact Lenses Market Report contains segmentation by Type ( Spherical, Toric, Multifocal), by Application (Hospital, Clinic, Other) and Regional Opportunity Analysis and Industry Forecast.

Hybrid Contact Lenses Market Report contains segmentation by Type ( Daily Soft Contact Lens, Weekly Replacement Lens. Monthly Replacement Lens), by Application (Cosmetic, Therapeutic, Corrective) and Regional Opportunity Analysis and Industry Forecast.

To see the full list of related reports on the Contact Lenses

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Warby Parker Contacts: What to Know About Scout - Healthline

Posted: 30 Mar 2021 06:14 PM PDT

Around 45 million people in the United States wear contact lenses, and it can sometimes feel like there are as many different retailers to choose from. One of the latest retailers on the block is Warby Parker.

Read on to learn more about their contacts and find out if they might be the right fit for you.

Based in New York City, Warby Parker is known for their affordable designer glasses and direct-to-consumer business model. New to the business is Scout, their line of disposable contacts.

Warby Parker also sells daily, monthly, and biweekly contact lenses from a number of well-known brands, such as Acuvue.

According to Warby Parker, Scout lenses use Centraform technology to make smooth lens edges. They offer a base curve of 8.4 millimeters (mm) and a diameter of 14.2 mm, and are shipped in environmentally friendly packaging. Read more about the materials below.

Working with a Japanese manufacturer, Warby Parker's Scout contacts are made from a material with 57 percent water content and a Dk/t of 25.

The Dk/t measurement states how permeable a material is to oxygen. While 25 Dk/t is standard for contact materials developed previously, other lenses on the market made with newer material for contacts have a Dk over 100.

A higher Dk number means the contacts are more breathable, and this can be healthier for the eyes, with less risk of swelling and irritation.

Warby Parker also sells contact lenses from Acuvue, Alcon, Bausch + Lomb, Clerio Vision, and CooperVision.

The upfront costs of daily contacts are typically higher than monthly, but that may even out when you take into account the cost of solution and storage cases. The real determiner of cost is brand.

Scout daily contacts cost $110 for a 90-day supply of two lenses, or approximately $440 a year. If you want to give Scout a try, you'll be able to get a 6-day trial lens pack for $5.

Warby Parker doesn't take insurance directly, but you can apply for reimbursement through your vision insurance provider or use your flexible spending account (FSA) or health savings account (HSA) funds.

Navigate to the contact lenses section of the Warby Parker site and you'll be able to search by brand. On each product's page, you'll get a description of the contacts, including the makeup of the lens material and the best use case for each product. Warby Parker also offers helpful tips on contact lens wear and storage.

You'll be prompted to enter your prescription prior to checkout. If you need a new contact lens prescription, Warby Parker can help with that, too. They're adding eye exam suites to 40 of their locations, where customers can book an eye exam with an optometrist. Contact lenses can be purchased online or at one of these locations.

You'll need your latest contact lens prescription prior to placing your order. Because it's customary to purchase several months' worth of contacts in one order, it's important to have the most up-to-date prescription.

If it's been a while since your last appointment, consider getting your eyes checked and your prescription renewed prior to ordering.

Before ordering from Warby Parker, you'll also need to have an understanding, with the help of your doctor, of your personal eye health needs to determine the best brand and style of contacts for you.

For example, if you have dry eye, a common eye condition, your doctor may suggest you avoid brands with higher water content.

How to order contacts from Warby Parker

Browse through Warby Parker's array of brands and read more details about the contacts. Once you've decided what you want, you'll be prompted to enter the prescription for your right and left eye, including the sphere, base curve, and diameter. Then you must select the quantity desired.

In order to get to your cart, you'll need to log in. After reviewing the items in the cart and before paying, Warby Parker will ask you to either upload a photo of your prescription, provide your doctor's contact information so they can contact them directly, or email you to get the prescription after checkout.

Note that Warby Parker offers a 30-day return or exchange policy for any contact lenses, as long as they're in the original, unopened box.

They also accept returns or exchanges for any contact lenses that are defective or damaged within 30 days of receipt.

Shop for contacts on Warby Parker.

All Warby Parker contacts come with free shipping. The company estimates that you'll receive your contact lenses in 7 to 9 business days. They also offer expedited shipping, with a turnaround time of 3 days, for an additional $20.

As a company more generally, Warby Parker has a good reputation. Trustpilot shows Warby Parker scores an average of 3.5 stars, with some customers claiming customer service issues and others praising the site's easy navigation and ordering process.

Their reputation as a seller of contacts is growing. ConsumersAdvocate.org put Warby Parker on their list of best contact lenses, noting the company's transparent pricing and their attempts to reduce the carbon footprint of contact lenses with Scout's signature flat-pack.

Here's a summary of what's good and not so good about Warby Parker's contacts:

Pros of Warby Parker for contacts

  • They offer a wide range of contact brand options.
  • Shipping is free.
  • You have the option to order online or in one of their brick-and-mortar stores.

Cons of Warby Parker for contacts

  • Scout contacts are less breathable than newer lens materials and may not be as comfortable or healthy for the eyes.
  • Unlike their glasses, Warby Parker contacts aren't necessarily cheaper than other online retailers.
  • Their return policy only works if your box has been unopened or if the contacts arrive damaged.
  • Some customers report a poor customer service experience.
Healthline

Warby Parker is fairly new to the contact marketplace, and there are some more well-known retail players, such as 1-800 Contacts and Eyeconic.

  • 1-800 Contacts. Billing themselves as the first way to get contact lenses online, 1-800 Contacts is known for competitive pricing.
  • Eyeconic. Founded by vision care insurance provider VSP, Eyeconic offers 20 contact lens brands to choose from, and they also accept insurance from VSP, MetLife, and Cigna Vision.
  • Optometrists. You can always work directly with an eye doctor's office for your contacts. Many practices can set up contact refills by mail.

Warby Parker offers a wide enough range of products to satisfy most contact lens wearers. Though Scout may offer technology that suits the eye needs of some customers, it doesn't promise a considerably cheaper alternative to other brands.

If you use both contacts and glasses, Warby Parker may be a good choice because it offers you one place for all your vision needs.

Transcript: Contact lens wear is a healthy option for kids - Optometry Times

Posted: 30 Mar 2021 12:00 AM PDT

Click here to listen to this interview's podcast

Gretchyn Bailey: Hi, everyone. I am Gretchyn Bailey with Optometry Times®, and today I have the pleasure of speaking with Dr. Jill Woods. Jill is head of clinical research for the Center for Ocular Research and Education, or CORE, and she is lead author on a new paper that has just come out talking about contact lens wear in children. So, Jill, thank you very much for talking with me today. How are you?

Jill Woods, MSc, MCOptom, FAAO: You are welcome. Happy to be here, Gretchyn.

Bailey: This paper is telling us that contact lens wear is a safe option in younger kids. And I know we have talked about that a lot in the contact lens aspect of the industry. But now you have some data to back that up. Can you tell me a little bit about the study and what you have found?

Study details

Dr. Woods: Yes, absolutely. So, this study primarily aimed to look at myopia control and test the MiSight (CooperVision)corrective lens. It was initially set up to be a 3-year study and got extended to 6 years. It is great that we now have the 6 years; it makes it the longest pediatric contact lens study ever. And it gives us great data. There is a lot of MiSight myopia control data there, but my paper and manuscript were looking at the safety aspects with children. When we started, I think we saw our first child participant in February 2013.

Bailey: Oh, wow!

Dr. Woods: We saw the last one in February 2020, which was really good timing because then, of course, we all shut down in March 2020. So, I would have hated to be the site that held up the final data analysis on this important study. But yes, we were one of 4 sitesin this study. And we enrolled the most participants. It was a great, pivotal study to be involved in. Children were recruited from age 8 to 12 at the beginning, and as I said, we followed them for 6 years in total.

My manuscript that you referred to focuses on that safety piece. In any clinical trial, we are assessing the subjects very closely. This trial was no different. We saw them very frequently. In the first 6 months of the study, we were teaching them to handle the lens, and we saw them regularly. After 6 months, we saw them every 6 months after that. Each of those visits involved a careful slit lamp examination, both with the lens on and then with the lens off.

Bailey: So you looked at 144 children.

Dr. Woods: We were looking at the usual things that you would look at in practice: limbal hyperemia, conjunctiva, hyperemia, corneal integrity, corneal staining, tarsal redness, tarsal roughness, the usual realm of things, as well as the vision and other pieces to do with the trial. What we found (some of the take-home messages from this study) is that the slit lamp assessments that we conducted in the beginning,were really no different to those slit lamp assessments that we were seeing after 6 years of full-time contact lens wear. So, that is a big message, I think, for practitioners to understand. There was really no long-term impact of contact lens wear, and these children were wearing them full-time. They were wearing them for 13 hours a day more than 6 days a week. So that really is full time. I won't get too much into that. We required them to wear the lenses for 10 hours a day, 6 days a week, to get the myopia control impact. But they weren't worn beyond that. They really enjoyed the option of wearing contact lenses. So that was good.

Bailey: Yes.

Parental assistance

Bailey: Because you were studying CooperVision's MiSight myopia control contact lens that helped you get those—I mean, you had your built-in kids right there; you didn't have to start a new study to take a look at safety. My big question is: were you assessing if the children themselves were handling and caring for the lenses because I know sometimes parents get involved with application, removal, and hygiene. So, how did that play out in this study?

Dr. Woods: Right. And that is a great point. We were anticipating spending a lot of time teaching the children how to handle them. We wanted them to be independent, particularly at removing the lenses. If they are out at school in the day, they have to be confident and capable of removing those lenses for safety reasons. So, no one was allowed to leave unless they could remove the lenses independently. We did allow a little bit of assistance from parents in applying the lens to the eye. But to be honest, children are very good at picking that up. They have no fear. And a couple of times, we had to slow them down. They would go, "Yeah, I can get that in" and it's like, WWhoa, stop!, We'll get that hand back in a minute. Just think about it and slow is good, slow is good." But they have very little fear, and their handling wasn't really an issue. And we had all sorts of ethnicities, eye shapes, narrow palpebral apertures, big eyes, big fingers, small fingers. And it wasn't an issue.

Bailey: So let's talk about any adverse effects. Did any kids show any trouble? Did you see any microbial keratitis (MK)? Did you see any trouble with kids applying them or conjunctival problems with kids thinking that they had the lens in the eye, but they actually didn't, and all the concerns that people usually have about kids wearing contact lenses?

Adverse effects

Dr. Woods: Yes, and I think there are some important messages in that data that we picked up. We were, as I say, looking at everything when the child came in every 6 months, and the investigators on the study were instructed to report anything as an adverse event. I think when you are comparing across different research studies and the data, it is important to know how those events are classified. Now, there are going to be adverse events in any study of this length of time. And children are children, whether they wear contact lenses or not. So, you are going to get appendicitis, you are going to get a broken arm, you are going to get this, that, and the other. So, the manuscript focuses on the ocular adverse events.

When we look at the patients that we had, and the participants that we had in this study, they add up to 653 contact lens-wearing years, which is a big number.

Bailey: Absolutely.

Dr. Woods: And in that time, we had 40 ocular adverse events, only 22 of those were identified as being contact lens-related. So, you are going to get a conjunctivitis here or there. But everything was reported. Some of them were related to the contact lens. Some of them were not. We had no serious contact lens-related adverse events. And that is always the big worry, we had no MK, nothing of that serious sight-threatening nature.

We did have one serious ocular adverse event, which was related to a herpes zoster infection, that was not regarded as being contact lens-related.

Bailey: Right. And if we look at the kind of contact lens-related ocular adverse events, they were nothing that a regular practitioner could not manage themselves. We had conjunctival hemorrhage, we had redness, we had an itchy eye, we had an allergic response, we reported headaches as an adverse response, even blurry vision was recorded as an adverse response if that was a presenting symptom. So, we did try and catch every possible thing that wasn't normal as an adverse response. We ended up with just 22 contact lens-related ones.

Bailey: That is a great number. Very low.

Dr. Woods: Yes, we wouldn't want it to be much higher.

Study results

Bailey:Absolutely. Do you think that the results of this study will be more reassuring to practitioners or to parents?

Dr. Woods: Both, I think. When you think of this size group of children, we had 90 days to finish. And this number of years, you might expect a little bit more of the itchy eye, sore eye coming in. But really, 22 is a very small number, and the type of adverse events were totally manageable. So, I think that should give practitioners confidence in fitting this age group. In fact, they were as young as 8 when they started this study. It is manageable. Children want to wear contact lenses, not just for myopia control, let's not forget the hyperopes out there. They might love to ditch their specs for sports or any other reason, right?

So, the results reach much wider than just myopia control. But it does inform the parents of the options and the risks around myopia control options of the myopic children. So, parents can glean information from this study, but it also gives a good basis for conversation for practitioners to have with the parents.

Bailey: Do you anticipate sharing results of this study with consumer or parent outlets such as a parent magazine or pediatrician groups? Or trying to get the word out to parents as opposed to simply practitioners?

Dr. Woods: That is probably a good idea. It is something we have not thought of at CORE. Obviously, the study was sponsored by CooperVision. And they have a lot of avenues to get messaging out, they have the Bright Stars program and various things. There may be some value in doing that. And sharing the data, as you say, it is the parent that makes the decision for these children, whether it is myopia control, or for any other reason that they are thinking of contact lenses. So, the more information they can have the better.

OD takeaway

Bailey: Absolutely. And if you had to offer a takeaway or 2 to practitioners about this study, what would you say to them?

Dr. Woods: I would say that the results are very encouraging. A lot of practitioners will not consider fitting contact lenses to anybody under the teen years. And maybe even 13, 14 might be a bit young for them. But I would encourage them and say, "It is quite easy to fit children. They are very receptive. They are very good at listening and learning. So the safety around their handling, they generally do as they are told." I recognize that may be for other people, maybe not for the parents.

But I recognize that the cohort we had in this study, there was some parental supervision at that age, obviously, including reminders to wash hands. And we had a little handout sheet as a reminder. Every time we saw them, we asked them to answer some safety questions such as: "Should you wash your hands before you take your contact lenses outIs that true or false?" You know, "Should you swim in your contact lenses? Is that true or false?" We gave them a lot of instruction at the beginning and a lot of reinforcement on the safe way to wear contact lenses. Do not wear them to swim, do wash your hands before you put them in, do wash your hands when you take them out. That kind of thing.

So, I think the take-home is not to be worried about fitting children. The response was as good or better than adults.

Bailey: I think that is a very good take-home message. Kids are as good or better than adults with caring for their lenses. That is good to remember. Well, thank you very much for talking with me today. It was a pleasure to see you. And thanks very much for your time.

Dr. Woods: Thank you, Gretchyn.

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