About Extended Continuous Wear Lenses
Extended wear contacts are lenses that can be worn for up to a month on a daily basis. Extended-wear contact lenses are typically soft, flexible plastic lenses that allow oxygen to pass through the cornea. Extended-wear contact lenses are made of silicone hydrogel materials that allow a large amount of oxygen to pass through the lens, reducing the risk of hypoxia, which can lead to infection and inflammation of the cornea. Both extended wear contact lenses are removable and should be discarded after one or two weeks of use. For a variety of reasons, people prefer prolonged and continuous wear lenses. As compared to conventional contact lenses for vision correction, extended and continuous wear lenses are more convenient, useful, last longer, and provide superior wearability. Prescribed extended and continuous wear lenses are also gaining traction in the market as a result of growing visibility issues among millennials, who are more likely to use digital devices. As a result of this change in a new generation's lifestyle, extended and continuous wear lenses are needed to minimise eye-related problems.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Extended Continuous Wear Lenses market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Menicon Co. Ltd. (Japan), Essilor International S.A. (France), Novartis International AG (Switzerland), SEED Co. Ltd. (Japan), GKB Ophthalmics Ltd (India), ZEISS International (Germany), BenQ Materials Corporation (Taiwan), Bausch & Lomb Incorporated (United States) and Hoya Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Norville (United Kingdom), Lenskart (India), Johnson & Johnson Vision Care (United States) and CooperVision, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Extended Continuous Wear Lenses market by Type (Soft Lenses and Gas Permeable) and Region.
On the basis of geography, the market of Extended Continuous Wear Lenses has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Specialty pharmacies will boost the Extended Continuous Wear Lenses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Design Type, the sub-segment i.e. Spherical will boost the Extended Continuous Wear Lenses market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Color Extended Lenses
Market Growth Drivers:
Increasing vision problems in younger population, Rising Geriatric Population and Increased screen time on devices
Challenges:
Increased Acceptance of Laser Surgeries
Restraints:
Eye Health Concerns
Opportunities:
People Are Avoiding Using Spectacles and Shifting Towards the Use of Contact Lens and Growing Technological Advancements In Healthcare Industry
Market Leaders and their expansionary development strategies
In November 2023, CooperVision partnered with a digital eye care platform to offer online consultations and prescriptions for ECW lenses, increasing accessibility and convenience for patients.
In October 2023, Alcon unveiled its Dailies Total1 lenses, boasting advanced silicone hydrogel technology for exceptional breathability and extended wear up to 30 days with daily removal for cleaning.
Contact lenses have been recognized by the FDA as Class II or Class III medical devices. Class II devices require Premarket Notification 510(k);
Key Target Audience
Manufacturers of Extended Continuous Wear Lenses, Suppliers of Extended Continuous Wear Lenses, Healthcare Industry, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.