The Scleral Lenses Market is poised for significant growth, fueled by a rising demand for improved vision. According to a recent analysis by Future Market Insights (FMI), a leading market research firm, the market is expected to experience a remarkable Compound Annual Growth Rate (CAGR) of 6.3% from 2022 to 2032. This translates to a substantial market increase, with the value projected to climb from US$175.5 million in 2022 to a staggering US$323.5 million by 2032. This press release dives deeper into the factors driving this exciting growth and the potential benefits for patients with challenging vision needs.
This surge aligns with the advancements witnessed in pharmaceuticals, medical devices, and the broader healthcare landscape. Scleral lenses offer distinct advantages over traditional contact lenses, making them a preferred choice for patients with complex eye conditions or those seeking improved comfort and long-term wear.
A key player in providing thorough insights to industry stakeholders is Future Market Insights, a top market intelligence supplier recognized for its 1000+ market research publications and database that has more than 1 billion data points. Modern digital intelligence tools help the company fulfill its mission of providing report purchasers with vital information, especially in times of market uncertainty and crisis.
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.
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COVID-19 Impact Analysis on Scleral Lenses Market
The recent outbreak of 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 several COVID-19 cases have resulted in a revolution rather than an evolution in the healthcare ecosystems. Consequently, the impact is noticeable in the Scleral Lenses market.
Following government 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 the preliminary impact of 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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Scleral Lenses Market: 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
- Corneo-Scleral Lenses and Semi-Scleral Lenses
- Mini-Scleral Lenses
- Full Scleral Lenses
Based on application
- Irregular Cornea
- Ocular Surface Disease
- Refractive Error
- GP burnout
- Astigmatism
- Dry Eye
- Others
Scleral Lenses Market: 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.
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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 Scleral Lenses Market 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 of growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment of the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis of 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 the necessary information to make 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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