Changing Lifestyles and Growing Geriatric Population Bolster Global Optical Lens Material Market

Published Date : May 02, 2017

ALBANY, New York, May 2, 2017: has added a new market study to its repository, titled, “Global Optical Lens Material Market: Analysis By Type (Soft Lens, Gas Permeable Lens), By Material (Silicone Hydrogel, Fluoro-Silicone Acrylate, Hydrogel, PMMA), By Region, By Country (2016-2021) - By Region (North America, Europe, APAC, ROW); By Country (U.S., Canada, Germany, U.K., China, India, Japan, Brazil, U.A.E).”

As per the report, a number of factors are providing a fillip to the global market for optical lens. Foremost among them is the changing lifestyle which has resulted in people spending one too many hours parked in front of smart gadgets. This has led to rising instances of vision problems, which in turn has spurred demand for optical lens materials. A growing geriatric pool, highly prone to refractive errors, too have been stoking demand in the market. The soaring popularity of contact lenses, especially among the youth, is further driving demand in the market.

The report segments the market on the basis of the different types of materials used in the manufacture of optical lens. The segments are silicone hydrogel, hydrogel, fluoro-silicone acrylate, and PMMA. Silicone hydrogel soft contact lens, among them, is predicted to spearhead the growth in the market because of higher oxygen permeability that are easier to adjust and accord more comfort. The fluoro-silicone acrylate is also clocking healthy growth on account of the clarity in vision it provides, particularly in those afflicted by presbyopia, astigmatism, and other refractive errors.

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The report also segments the global market for optical lens material into soft lens and gas permeable lens. Among the two, the gas permeable lens will see higher uptake in the near future due to the widespread use of scleral lens. Geography-wise again, the report classifies the market into North America, Europe, Asia Pacific, and the Rest of the World. North America, among them, is a key market. Going forward, however, Europe will expand at a healthy clip powered by the U.K. and Germany. 

To prepare the report both exhaustive primary research which entailed inputs from industry experts, companies, and stakeholders, and secondary research, which involved gathering data and information from various online platforms, had been leveraged. The study aims to provide essential information to savvy players in the global market for optical lens material so that they can take informed decisions. For example, the report advices companies to focus on hybrid contact lens materials and new silicone hydrogel materials as they are likely to generate maximum return on investments.

To assess the competition prevailing in the global market for optical lens materials, the report profiles important market participants such as Menicon Co. Ltd., Bausch & Lomb, Benz Research & Development, Paragon Vision Sciences, PPG Optical, and OPRI Inc.

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