Rising eye disorder awareness and increasing spending capacity per capita are expected to boost the Indian multifocal contact lens market for the forecast period.
According to TechSci Research report, “India Multifocal Contact Lens Market by Design (Simultaneous Vision Designs vs. Segmented Designs) by Ease of Use (Disposable vs. Reusable) by Material Type (Hydrogel, Silicone Hydrogel, HEMA , Others) By Distribution Channel (Retail Stores, Hospitals & Clinics, Others) By Application (Astigmatism, Presbyopia, Myopia, Others) By Company, By Region, Forecast & Opportunity, FY2027 “, India Multifocal Contact Lenses Market is expected to grow steadily over the next five years. Multifocal lenses are mainly used in cataract surgeries. Some patients prefer to replace natural lenses with multifocal lenses before the development of cataract disease and this process is known under the name of refractive lens exchange and these lenses improve the vision of pr ès, intermediary and by far. Multifocal lenses have etched concentric rings that allow the formation of images on the retina from various distances. Multifocal contact lenses provide improved vision and eliminate or reduce the need to wear corrective glasses. Standard lenses provide no solution to astigmatism, while multifocal contact lenses provide the solution for astigmatism correction and thus offer a wide range of vision correction solutions which is the main contributing factor to the high demand for multifocal contact lenses in India. Multifocal contact lenses reduce the need to wear computer glasses or eyeglasses after cataract surgery. These lenses widen the field of vision and the patient can see near and far without the need for additional glasses. When implanted in the eyes, multifocal lenses do not require routine replacement or additional care and last for a long time, which are the other two important factors accelerating the growth of the multifocal contact lens market.
Due to the ongoing COVID-19 pandemic, lockdown restrictions have been imposed across the country. A complete stop was observed and people began to practice social distancing and follow precautionary measures. Imposition of strict regulations and policies by the main authorities, companies have had to suffer huge losses. In addition, the demand for multifocal contact lenses has declined. Manufacturing units were closed and the loss of availability of skilled labor led to a decline in the market. The number of units imported or exported to other countries also suffered a setback. After the lockdown restrictions are lifted, manufacturing companies are expected to pick up the pace and eventually grow.
However, multifocal lenses are not suitable for intermediate vision and the development of glare after nighttime, thus reducing the chances of night vision, which may hamper the market growth over the next five years.
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The India multifocal contact lens market is segmented into design, usability, material type, distribution channel, application, regional distribution, and company. On the basis of usability, the market can be further divided into disposable and reusable. The disposable segment is expected to dominate the market for the forecast period, FY2023-FY2027. Awareness of the benefits of using disposable contact lenses and their role in reducing the adverse effects of contact lenses is driving the growth of this segment. The increasing number of infections and the affordability of disposable contact lenses are driving the demand for disposable multifocal contact lenses. Based on the application, the multifocal contact lens market can be divided into astigmatism, presbyopia, myopia, and others. The presbyopia segment is expected to account for a significant market share in the next five years due to the increase in the elderly population and the high frequency of eye disorders.
Bausch & Lomb India Private Limited, Alcon Laboratories (India) Private Limited, Johnson & Johnson Private Limited, Contact Lenses CVI India Private Limited, Hoya Medical India Pvt. Ltd. are the major players operating in the Indian multifocal contact lens market. Manufacturers are increasingly focusing on research and development processes to fuel higher market growth. To meet changing customer demand for efficiency and durability, several manufacturers of multifocal contact lenses are offering their offerings at the cutting edge of technology.
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“The awareness regarding eye health care creates lucrative opportunities for the development of technologically advanced lenses, which helps in increasing the growth of the multifocal contact lens market. Major market players are introducing the products on online platforms to expand product reach and hire well-known celebrities for brand endorsement to increase sales of multifocal contact lenses. The offering of attractive discounts, the convenience of home delivery and the ease of exchange are expected to propel the growth of the multifocal contact lens market through fiscal year 2027 ”, said Mr. Karan Chechi, Research Director at TechSci Research, a global research-based management consulting firm.
India Multifocal Contact Lens Market by Design (Simultaneous Vision Designs vs Segmented Designs) by Ease of Use (Disposable vs Reusable) by Material Type (Hydrogel, Silicone Hydrogel, HEMA, Others) by Distribution Channel (Retail Stores, Hospitals & Clinics), Others) by Application (Astigmatism, Presbyopia, Nearsightedness, Others) by Company, by Region, Forecast and Opportunity, FY2027 “assessed the future growth potential of the Indian Multifocal Contact Lenses market and has provided statistics and information on market size, shares, market structure, and future growth of the market. The report aims to provide cutting-edge market insights and to help policymakers make sound investment decisions In addition, the report also identifies and analyzes the emerging trends as well as key drivers, challenges and opportunities in the India market. multifocal contact lenses.
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India Contact Lens Market by Product Type (Soft Contact Lenses, Gas Permeable Contact Lenses, Hybrid Contact Lenses and Others), by Design (Spherical, Toric and Others), by Wear Type (Disposable and Reusable) ), By Distribution Channel (Store and Non-Store Based), Competition, Forecast & Opportunity, 2026
Global Hydrogel Market, By Form (Amorphous, Semi-Crystalline & Crystalline), Raw Material (Natural, Synthetic & Hybrid), By Composition (Polyacrylate, Polyacrylamide, Silicone and Others), By Application (Contact Lenses, Personal Care wounds, personal care and hygiene, drug distribution, agriculture and others), competition forecasts and opportunities, 2013 – 2023
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