Contact Lenses Report by Material, Application, and Geography - Global Forecast to 2021: Radiant Insights


Surge in visual deficiencies among children and adults globally have triggered the demand for contact lenses. Development of softer materials and smart contacts are trends that can change the contact lens landscape.

A Better View
Contact lenses are medical devices placed on the eye surface to correct vision disorders. Wearers of these lenses can benefit from peripheral vision, unobstructed field of view, and high clarity. It is expected to be a better alternative to spectacles and preferred by athletes. Aesthetics and increased emphasis on outward appearance may result in a rise in adoption numbers.

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Introduction of Smart Lenses
Smart contact lenses are currently under development by major optical manufacturers to gain insights on body metrics. Recently, Google and Alcon Laboratories decided to collaborate on developing smart contact lenses. This project is expected to diagnose and monitor a myriad of maladies. It is currently in the testing phase and targeted at diabetics to gauge their blood glucose levels through their tears. The success of this venture can open new possibilities.

Samsung Corporation was granted a patent for developing a lens that can transmit visual images directly to the wearer’s eye. The lenses are integrated with sensors and a camera that can be controlled via blinking. This concept can introduce innovative waysof consumer viewing through augmented reality.

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Market Overview

The global contact lens market is estimated to attain immense revenues by 2021, according to a report on Radiant Insights, Inc. Rising incidence of ophthalmic disorders among children and adults is expected to drive market demand. Increasingdemand for Rx and plano sunglassesis also expected to work in favor of the market till 2021.On the other hand, refractive surgeries can impede future market prospects.

Soft contact lens was reportedly the biggest product segmentin the market due to its manufacture using silicone hydrogel. It was utilized in ametropia correction. The corrective lens segment is purportedly the largest by way of usage, followed by therapeutic and cosmetic lens segments. North America led the global market in terms of volume in 2014, which can be attributed to high consumer awareness regarding eye examinations.

Prominent market players include Alcon Laboratories, Inc.; Essilor International S.A.; Carl Zeiss AG; and Bausch + Lomb.

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