New York, Sept. 27, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Global Therapeutic Contact Lens Market – Competition Forecast and Opportunities, 2027” – https://www.reportlinker.com/p06284167/?utm_source =GNW
Therapeutic contact lenses protect against mechanical degradation of the ocular surface and external environmental conditions on the cornea. Patients with corneal erosion syndrome who wear therapeutic contact lenses benefit from the promotion of re-epithelialization and a reduction in pain. In the therapeutic management of corneal and ocular surface diseases, contact lenses are crucial. Soft lenses and scleral lenses are two types of contact lenses used for therapeutic purposes. Therapeutic contact lenses have multiple therapeutic benefits such as creating a mechanical barrier between the cornea and the outside world, hydrating the corneal epithelium, accelerating corneal wound healing, and relieving pain. discomfort, which makes therapeutic contact lenses a mandatory medication for disease-related illnesses. By becoming a crucial drug in eye problems, the therapeutic contact lens market will grow during the forecast period.
Increase R&D spending and scale up innovation to support market growth
The eye is a complex and intricate organ that is equipped with a variety of anatomical and physiological drug penetration barriers, such as the precorneal and corneal barriers, conjunctival barriers, blood-aqueous barrier, and blood-retinal barrier. Ocular delivery of drugs to the desired target tissue is a very difficult undertaking for physicians and scientists due to these obstacles.
The research and development sector mainly focuses on new ways of treating the eyes by administering drugs. Therapeutic contact lenses with drug-loaded particles can be created by mixing various encapsulated colloidal drug particles, including micelles, liposomes, microemulsions, and micro- and polymers. nanoparticles.
Although polymer particles of any size can be incorporated into contact lenses, especially those in the micron range, the fundamental characteristics of contact lenses, such as their optical and physical properties, are easily influenced by particles of larger in size, which is why nanoparticles are most often used today. Various drug-loaded nanoparticles can produce therapeutic contact lenses with polymeric nanoparticles.
Drug-loaded nanoparticles can usually be embedded by mixing them with contact lens monomers prior to polymerization. UV or heat unstable drugs required for polymerization can still be placed in therapeutic contact lenses that have already undergone polymerization by soaking them in particulate solutions. Additionally, many researchers have focused on creating polymeric drug-eluting devices inside therapeutic contact lenses in the form of implants or films with clear central areas to prolong drug release and increase the drug loading capacity without compromising the fundamental characteristics of the therapeutics. contact lenses.
Rapid technological advancements are driving the growth of the market
The therapeutic contact lens market will rise owing to increasing technological advancements in the market, throughout the forecast period. Drug delivery capabilities are one of the examples of a technological development that is greatly contributing to the expansion of the therapeutic contact lens market.
In today’s world, where people are becoming increasingly digital, artificial intelligence is also being used in healthcare. AI in eye care aims to improve clinical decision-making while dramatically reducing the burden of eye disease and preventable blindness.
The expansion of therapeutic contact lenses may also be aided by the growing demand for soft contact lenses. Throughout the forecast period, the therapeutic contact lens market will rise owing to the increasing advancement of these lenses.
Availability of different types of therapeutic contact lenses
The therapeutic contact lens offers a greater variety of contact lenses than ever before. The use of a therapeutic contact lens focused on a particular problem has also benefited the market, as specific circumstances may require the selection of a specific therapeutic lens.
Epithelial or stromal edema should be avoided if the therapeutic goal is to protect and heal the corneal epithelium. Therefore, the best option is a high Dk silicone hydrogel lens (Balafilcon A, Lotrafilcon A) or a very thin membrane type lens (Crofilcon).
A hydrophilic lens with low water content may be taken as an option, if surface protection and encouragement of stromal wound vascularization are goals in therapeutic contact lenses. A wise financial choice is to use a daily disposable lens with moderate water content if the patient is prone to lens loss or has to change therapeutic lenses frequently.
Thus, the availability of several therapeutic lenses based on material type will fuel growth through the availability of materials used to manufacture therapeutic contact lenses, depending on the role and cost of the therapeutic contact lenses market.
Government initiatives supporting market growth
Favorable government actions that promote improved eye care will help expand the therapeutic contact lens industry. The US Department of Health and Human Services and the Centers for Disease Control (CDC) are trying to raise awareness by launching several programs like the Vision Health Initiative. The Vision Health Initiative’s goal is to support contact lens wearers’ access to easy and affordable eye care. Many private organizations as well as government and public health associations are actively promoting eye care protocols. For World Sight Day, Johnson launched a campaign called “Spotlightsight”. which is committed to providing 100,000 children with access to vision screenings and 1,000 sight-restoring procedures for patients with cataracts. X-Cell Specialty Contacts’ “Changing Lives” campaign aims to help underprivileged patients.
The global therapeutic contact lens market is segmented on the basis of material type, application, and distribution channel. Based on material type, the market can be fragmented into Senofilcon, Balafilcon, Lotrafilcon, Methafilcon, Others (Etafilcon, Narafilcon, etc.). Based on application, the market can be divided into Drug Delivery, Corneal Healing, Pain Relief, Sealing & Protection, Others (Corneal Protection, etc.). Based on the distribution channel, the market can be segmented Hospitals & Clinics, Online, Optical Retail Stores. Regionally, North America dominated the market in 2021, with the United States being the largest market. The US therapeutic contact lens market stood at USD 871.50 million in 2021 due to the widespread use of this technique in academic and research institutions in the country.
Alcon, Inc., CooperVision, Inc., Johnson & Johnson, Bausch, Health Companies, Inc., EssilorLuxottica SA, Carl Zeiss Meditec AG, SynergEyes Inc., X-Cel Specialty Contacts, Hoya Corporation, SEED Co., Ltd. are among the major market players operating in the global therapeutic contact lenses market.
In this report, the global therapeutic contact lenses market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• Market for therapeutic contact lenses, by type of material:
• Therapeutic contact lenses market, by application:
o Medication delivery
o Corneal healing
o Pain relief
o Waterproofing & Protection
• Market for therapeutic contact lenses, by distribution channel:
o Hospitals & Clinics
o Optical retail stores
• Market for therapeutic contact lenses, by region:
o North America
o South America
o Middle East and Africa
United Arab Emirates
Company Profiles: Detailed analysis of the major companies present in the global therapeutic contact lenses market.
With the market data provided, we offer customizations based on a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of other market players (up to five).
Read the full report: https://www.reportlinker.com/p06284167/?utm_source=GNW
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