Therapeutic Contact Lenses Market: Global Demand Analysis & Opportunity Outlook 2029

In addition, patients suffering from recurrent corneal erosion syndrome are also opting these lenses, accelerating the overall demand for therapeutic contact lenses. A therapeutic lens is a contact lens that provides protection for the cornea against environmental conditions. Predominantly, these lenses are prescribed for pain management post-surgical procedures such as laser epithelial keratomileusis (LASEK) or photorefractive keratectomy (PRK). Evidently, therapeutic lenses reduce discomfort, promotes corneal healing, and protects the cornea from external damage. Recently, cutting-edge technological advancements have dynamically enhanced the lenses in terms of softness and versatility. Furthermore, government authorities, around the world, are actively introducing favourable policies such as reimbursements. As people are becoming more conscious about their physical appearances, these lenses instrumentally replace the glasses and make them feel more confident. Such aspects are driving the demand for therapeutic contact lenses at a global level, expanding the dimensions of global market.

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Surge in Incidence of Glaucoma and Myopia to Steer Growth of Therapeutic Contact Lenses Market Of late, the incidence of glaucoma has become significantly prevalent. World over, countries are developing smarter and better lenses that constantly monitor eye pressure and treat glaucoma accordingly. Additionally, the cases of myopia have also risen at an alarming pace. Younger children are showcasing greater susceptibility to develop this disease. Noticeably, myopia is recorded as a major cause for vision loss and macular degeneration. Consequently, the therapeutic lenses are increasingly being used to manage and treat the disease. Such a scenario is creating major tailwinds for the global therapeutic lenses market to grow and unlock newer possibilities over the forecast period.

Growing R&D Activities to Unveil Fruitful Growth Prospects for Therapeutic Contact Lenses Market The therapeutic contact lenses have numerous applications ranging from pain healing to drug delivery.

An uptick in R&D endeavors around therapeutic contact lenses is expected to significantly bolster market growth. In addition to anatomical and physiological limitations that prevent drugs from gaining access to the eye, the iris and retina also have blood-aqueous and blood-retinal barriers. This makes it difficult for doctors to distribute ocular drugs to the targeted location. Therefore, scientists are devising new ways to the delivering drugs to the eyes. These efforts are expected to infer significant advancement in therapeutic contact lenses. Consequently, these factors are propelling growth across the global therapeutic contact lenses market.

Introduction of Smart Lenses Paves the Way for Expansion of Therapeutic Contact Lenses Market in North America North America is projected to hold a lion’s share in the global therapeutic contact lenses market. This can be attributed to the introduction of smart lenses in the region. Additionally, countries such as the United States and Canada have advanced healthcare infrastructure. Moreover, the regional market also benefits from the presence of several key market players in the United States. Then, the growing geriatric population is anticipated to bode well for the therapeutic contact lenses market in the region of North America.

Leading Market Players Some of the major players in the therapeutic contact lenses market include The Cooper Companies Inc., AccuLens Company Inc., Johnson and Johnson Vision Care Inc., Alcon Inc., SynergEyes Inc., Bausch & Lomb Incorporated, Abbott Medical Optics, Inc, X-Cel Specialty Contacts, CIBA Vision, Carl Zeiss AG, Hoya Corporation, Novartis International AG, Contamac, Polylite Sofclear, and Haohai Biological

Technology.

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