India Contact Lenses Market: Driving Forces and Disruptive Trends [2028]Posted by Kumar on June 5th, 2024 Overview According to a recent report by TechSci Research titled “India Contact Lenses Market By Material Type (Silicone Hydrogel, Hydrogel, Others), By Design (Spherical, Toric, Multifocal, Others), By Application (Corrective, Cosmetic, Others), By Wear Type (Monthly Disposable, Daily Disposable, Yearly Disposable), By Distribution Channel (Retail Stores, Online, Hospitals & Clinics), By Region, Competition, Forecast & Opportunities, 2028”, the India contact lenses market stood at USD 574.26 million in 2022. The market is projected to grow at a compound annual growth rate (CAGR) of 4.73% over the forecast period. The primary factors driving this growth include the increasing prevalence of myopia, changing lifestyles, technological advancements, and a growing geriatric population.
Browse over 26 market data Figures spread through 70 Pages and an in-depth TOC on "India Contact Lenses Market" Market Segmentation The India contact lenses market is segmented by:
Material Type Silicone hydrogel led the market in 2022, accounting for 50.31% of the market share. This material is favored for its superior oxygen permeability and eye comfort. Hydrogel lenses follow, although they are less permeable and tend to cause dryness. Application Corrective contact lenses dominate the market with a 60.22% share as of 2022. The rising number of refractive error cases and the demand for vision correction drive this segment. Cosmetic lenses, primarily used to change eye color, hold a smaller market share. Regional Analysis South India, comprising states like Kerala, Tamil Nadu, and Telangana, accounted for the largest market share at 31.44% in 2022. The high urban population in these regions drives demand due to increased screen time and related vision issues. Recent Trends and Drivers Increasing Prevalence of Myopia The surge in myopia cases is a significant driver for the contact lenses market in India. This rise is attributed to lifestyle changes, including increased screen time and reduced outdoor activities among children and adults. The need for corrective measures such as contact lenses has thus escalated. Technological Advancements Technological innovations in contact lens materials and designs are propelling market growth. The development of lenses with enhanced oxygen permeability, moisture retention, and UV protection has improved user comfort and expanded the consumer base. Growing Geriatric Population India's aging population is another critical factor driving the contact lenses market. With advancing age, the prevalence of visual impairments like presbyopia increases, necessitating the use of corrective lenses. Contact lenses offer a convenient alternative to glasses for the elderly. Influence of Social Media and Fashion Industry The fashion and entertainment industry, along with social media influencers, significantly impact the youth's adoption of cosmetic lenses. Trends set by celebrities and influencers wearing colored or decorative lenses are quickly followed, boosting market demand. Urbanization Rapid urbanization, particularly in tier-1 and tier-2 cities, has led to lifestyle changes that increase the need for vision correction. The urban population's exposure to screens—whether for work or leisure—contributes to a higher incidence of vision problems, thereby driving demand for contact lenses. Benefits of the Research Report
Competitive Analysis Leading Companies
Market Share and Strategies Bausch & Lomb India Private Limited Bausch & Lomb holds a significant share in the India contact lenses market, driven by its extensive product range and strong distribution network. The company focuses on continuous innovation and quality improvement to maintain its market position. Alcon Laboratories (India) Pvt. Ltd. Alcon is known for its advanced lens technology and diverse product offerings. The company's strategic focus on R&D and expanding its presence in tier-2 and tier-3 cities has bolstered its market share. Johnson & Johnson Private Limited Johnson & Johnson leverages its global brand recognition and extensive research capabilities to dominate the market. The company emphasizes consumer education and awareness campaigns to enhance market penetration. CVI Contact Lenses India Pvt. Ltd. CVI Contact Lenses has carved a niche in the market through its focus on customized and specialty lenses. The company's strategy involves targeting specific consumer needs and expanding its distribution channels. Emerging Players Carl Zeiss India Carl Zeiss is gaining traction with its innovative lens designs and superior quality products. The company's strategy includes partnering with optometrists and eye care professionals to reach a broader consumer base. Hoya Medical India Pvt. Ltd Hoya focuses on high-quality, durable lenses. Its market strategy revolves around technological advancements and expanding its product portfolio to cater to diverse consumer requirements. Prevalence of Visual Impairment in India The prevalence of visual impairment and blindness is a critical factor influencing the demand for contact lenses in India. Key statistics include:
Visual Impairment in Population Aged ≥ 50 Years
Major Causes of Visual Impairment In the population aged ≥ 50 years, the primary causes of blindness are:
For visual impairment, the major causes include:
In younger populations (aged 0-49 years), causes of blindness are:
Cataract Surgical Coverage and Outcomes
Visual Outcomes Post Cataract Surgery
The India contact lenses market is poised for significant growth, driven by increasing visual impairment, technological advancements, and changing lifestyles. The market's future looks promising, with substantial opportunities for both established and emerging players. Continuous innovation, strategic partnerships, and consumer-centric approaches will be crucial for capturing market share and driving growth. Customers can also request for 10% free customization on this report.
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