Thus, an increase in oxygen permeability helps enhance the health and comfort of the wearer’s eye by reducing dryness and itching. They also permit more oxygen to pass through to the wearer’s cornea. It is extensively used for correcting ametropia. Soft contact lenses are made up of flexible, soft plastics such as silicone hydrogel, providing easy eye adaptability and enhanced comfort. The soft lens or silicone hydrogel segment has a wide range of applications and is one of the prominent contributors to the growth of the market for contact lenses. For example, in January 2021, Alcon Vision LLC, an eye care product manufacturer, introduced PRECISION1 for Astigmatism, a daily disposable silicone hydrogel (SiHy) lens developed for astigmatic patients in the U.S. Furthermore, the market's leading players are involved in creating awareness campaigns and launching innovative products, which are predicted to promote the expansion of daily disposables. Moreover, a thin stretchable film is used to make the interconnections.Įnhance awareness concerning the benefit of detachable lenses over reusable lenses, such as avoiding cleaning solution-related adverse effects, including eye discoloration. This contact lens will include various components such as a radio-frequency antenna that would suffice the wireless energy transfer, a LED light, and an ultra-thin silicon microchip. Ltd, an international R&D hub, entered into a collaborative partnership to develop a smart contact lens. For instance, In November 2018, IMEC and SEED Co. Advances such as the launch of dynamic soft contact lenses integrated with advanced technology have propelled the growth of the market for contact lenses. The increasing number of outdoor activities is further boosting the market growth.Ī significant number of research and development activities have been used in optics and optometry to advance the technology. Thus, a rise in graphic inaccuracies is expected to drive the market over the forecast period further. A corrective lens is preferably used to correct refractive errors and compensate for visual deficiencies such as myopia, hyperopia, presbyopia, and astigmatism. The global contact lenses market size was valued at USD 14.6 billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030.
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