The global scleral lenses market is poised for significant growth, with a projected valuation of USD 175.5 million in 2022. According to a recent study by Future Market Insights, the market is expected to expand at a compound annual growth rate (CAGR) of 6.3%, reaching an estimated USD 323.5 million by 2032.
The market for scleral lenses is driven by increasing awareness of vision correction options and advancements in lens technology. Mini scleral lenses are particularly noteworthy, leading the market with a substantial share of approximately 47.4% in 2021. Their popularity is attributed to their enhanced comfort and improved visual acuity for patients with various corneal conditions.
As the market continues to evolve, the strong demand for scleral lenses, particularly mini scleral lenses, is expected to contribute significantly to the overall growth of the industry over the next decade.
The forthcoming business report from FMI meticulously scrutinizes the historical and current scenario of the Global Scleral Lenses Industry. It delves deep into production, consumption, volume, and value aspects, offering a profound understanding of market dynamics. The report further dissects the market into various segments, regions, and players, based on demand patterns and growth prospects.
COVID-19 Impact Analysis on Global Scleral Lenses Industry
The recent outbreak of the COVID-19 has turned the spotlight on the healthcare industry, and subsequently impacted the Scleral Lenses market. Severe shortages of critical medical supplies and a rapid rise in number of COVID-19 cases have resulted into a revolution rather than evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Scleral Lenses market.
Following government’s measures, particularly social distancing norms and stay-at-home orders, doctors are delaying or postponing elective surgeries unless critical to prevent the spread of the virus to individuals with comorbidities or chronic conditions. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Global Scleral Lenses Industry. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Global Scleral Lenses Industry: Segmentation
Valuable information covered in the FMI’s Scleral Lenses market report has been segregated into key segments and sub-segments.
Based on product type, the Global Scleral Lenses Industry can be segmented as:
- Corneo-Scleral Lenses and Semi-Scleral Lenses
- Mini-Scleral Lenses
- Full Scleral Lenses
Based on application, the Global Scleral Lenses Industry can be segmented as:
- Irregular Cornea
- Ocular Surface Disease
- Refractive Error
- GP burnout
- Astigmatism
- Dry Eye
- Others
Global Scleral Lenses Industry: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Scleral Lenses market. Competitive information detailed in the Scleral Lenses market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Global Scleral Lenses Industry report.
Key players covered in the report include:
Bausch & Lomb Incorporated, Novartis AG, CooperVision and Johnson & Johnson, LUXOTTICA GROUP, Essilor, ZEISS International, Safilo Group, Rodenstock and others
Important Questions Answered in the Global Scleral Lenses Industry Report
- Which end-user remains the top revenue contributor in different regional markets?
- At what rate has the Global Scleral Lenses Industry been expanding during the forecast period?
- How will the Global Scleral Lenses Industry look like by the end of the forecast period?
- What innovative strategies are adopted by Scleral Lenses market players to stay ahead of the pack?
- What are the restraints affecting the growth of the Global Scleral Lenses Industry?
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Global Scleral Lenses Industry
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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