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Bandage Contact Lenses Market is projected to reach US$ 9.25 Bn by 2030

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Patients Seek Guidance from Eye Care Practitioners amid Ongoing COVID-19 Pandemic

As information concerning the COVID-19 disease continues to evolve, patients are seeking guidance from eye care practitioners for efficient eye care measures. In order to meet the needs of patients, companies in the bandage contact lenses market are maintaining continuous supply chains to support ophthalmologists during the ongoing pandemic. As such, there is a lack of evidence to indicate increased risk of contracting coronavirus through contact lenses (CL).

Patients are expected to experience an irregular supply of bandage contact lenses (BCLs) due to logistics and shipment delays in not only high-income countries, but also in low- and middle-income countries. Companies in the bandage contact lenses market are adopting contingency planning to predict future outcomes in cases of continued volatile demand sentiments.

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Deposit Formation Increases Risk of Giant Pupillary Conjunctivitis with BCLs

The disadvantages of bandage contact lenses are affecting the expansion of the bandage contact lenses market, which is slated to clock a favorable CAGR of 7.8% during the forecast period. For instance, deposit formation increases the risk of giant pupillary conjunctivitis. Due to the use of bandage contact lenses, there is a greater chance of bacterial contamination, owing to unhygienic environments. Thus, stakeholders are creating awareness among eye care practitioners to educate patients about strict follow-ups with ophthalmologists to prevent adverse events in patients.

Moreover, there is a growing awareness about efficient monitoring and proper use of bandage contact lenses as per factory or doctor’s instructions.

BCLs Emerge as Cost-efficient Method for Management of Corneal Ulcer

The bandage contact lenses market is projected to reach US$ 9.25 Bn by 2031. Bandage contact lenses are emerging as a boon for corneal ulcer cases. The increasing burden of corneal ulcer cases is acting as a key driver of the market. BCLs are gaining popularity as a cost efficient, convenient, and feasible method for the management of corneal ulcer.

Companies in the bandage contact lenses market are bolstering their output capacities in products to resolve several corneal problems and most commonly used in the healing of incisions occurring after refractive surgery & traumatic corneal abrasions. BCLs play a key role in healing, improving vision, and act as a delivery mechanism for drugs.

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New Manufacturing Processes Help Companies to Maximize Business through eCommerce

Companies in the bandage contact lenses market are designing and pricing products that align with specifications of the National Health Service (NHS). The U.K.-based contact lens manufacturer UltraVision CLPL is expanding its business through eCommerce and building product portfolio in specialist hydrogel bandage contact lenses.

Pain relief, physical barrier, and therapeutic drug delivery applications are triggering the demand for bandage contact lenses. The application of bandage contact lenses after cataract surgery has the potential to stabilize the ocular surface and tear film. Manufacturers in the bandage contact lenses market are investing in new manufacturing processes to facilitate large quantities of lenses to be produced with immediate shipping.

Analysts’ viewpoint

Since conjunctivitis is one of the most common ocular signs of COVID-19, patients are seeking guidance from eye care practitioners, owing to the risk of bacterial contamination. Nevertheless, eCommerce is emerging as an important tool to maximize sales of BCLs. In order to achieve this, companies are adopting new manufacturing processes. Bandage contact lenses are proven to be superior in treating corneal abrasion as compared to traditional pressure patching. However, BCLs are associated with infection and complications if patients fail to follow the factory or a doctor’s instructions. Companies in the bandage contact lenses market should collaborate with eye care practitioners to increase awareness about strict follow-ups and proper use of BCLs to prevent adverse events in patients.

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Bandage Contact Lenses Market: Overview

This report analyzes the current scenario and future prospects of the global bandage contact lenses market. A bandage contact lens protects diseased or an injured cornea due to the rubbing of the blinking eyelids, thereby allowing it to heal. The bandage lens often makes the eye feel more comfortable. The lens has no focusing power. A bandage contact lens does not improve vision. Rise in prevalence of eye disorders is projected to boost the growth of the global bandage contact lenses market from 2021 to 2031.

The report includes an elaborate executive summary, which provides a snapshot of various segments and sub-segments of the global bandage contact lenses market. It also provides information and data analysis of the global bandage contact lenses market about segments based on lens type, application, distribution channel, and region.

The overview section of the report provides a detailed qualitative analysis of drivers, restraints, and opportunities that affect the global bandage contact lenses market

The report includes company profiles, which provide information about their business, product portfolios, and competitive landscape in the global bandage contact lenses market

The report on the global bandage contact lenses market offers market attractiveness analysis of regions and segments

The last section of the report comprises quantitative and qualitative analyses on market share/position of key players operating in the global bandage contact lenses market. It analyzes key competitive strategies adopted by major industry players, thereby presenting a thorough understanding of the competitive scenario in the global bandage contact lenses market.

Bandage Contact Lenses Market: Key Segments

In terms of lens type, the global bandage contact lenses market has been classified into soft lens, rigid lens, and hybrid lens. The soft lens segment dominated the global bandage contact lenses market in 2020, and the trend is projected to continue during the forecast period.

Based on application, the global bandage contact lenses market has been categorized into corneal injury/disorders, post-ocular surgery, and others

In terms of distribution channel, the global bandage contact lenses market has been divided into retail, e-commerce, and others

Market size and forecast for each of these segments and sub-segments have been provided from 2017 to 2031. The CAGR of respective segment has also been provided from 2021 to 2031, considering 2020 as the base year, and 2017, 2018, and 2019 as historical years.

Bandage Contact Lenses Market: Regional Outlook

In terms of region, the global bandage contact lenses market has been segmented into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Each region considered in the market has been divided into countries/sub-regions.

The global bandage contact lenses market report provides size and forecast for each region and country/sub-region from 2017 to 2031. The CAGR for each of these regions and countries has also been provided for the forecast period from 2021 to 2031. The bandage contact lenses market study also covers the competitive scenario in these regions.

Companies Covered in Bandage Contact Lenses Market Report

Key players in the global bandage contact lenses market have been profiled based on attributes such as company overview, product portfolio, financial overview, strategic overview, recent developments, and competitive business strategies

Major companies profiled in the global bandage contact lenses market report are

  • Advanced Vision Technologies
  • Alcon, Inc.
  • Bausch & Lomb (Bausch Health Companies Inc.)
  • CLEARLAB SG PTE, LTD
  • CooperVision (The Cooper Companies, Inc.)
  • Excellent Hi-Care Pvt. Ltd.
  • Johnson & Johnson
  • Metro Optics
  • UltraVision CLPL
  • (X-Cel Specialty Contacts) Walman Optical

Key Questions Answered in Bandage Contact Lenses Market Report

  • What are the major drivers, restraints, opportunities in the market?
  • What are the revenue share projections of key segments of the global bandage contact lenses market during the forecast period?
  • Which segment is likely to lead the global bandage contact lenses market in terms of revenue by 2031?
  • How technological developments are widening the scope for the global bandage contact lenses market?
  • What is the market position of different companies operating in the global bandage contact lenses market?

Bandage Contact Lenses Market – Segmentation

Lens Type

  • Soft Lens
  • Silicon Hydrogel
  • Hydrogel
  • Others

Rigid Lens

  • Hybrid Lens
  • Application
  • Corneal Injury/Disorders
  • Post-ocular Surgery
  • Others

Distribution Channel

  • Retail
  • eCommerce
  • Others

Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

TABLE OF CONTENT

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Bandage Contact Lenses Market

4. Market Overview

4.1. Introduction

4.1.1. Lens Type Definition

4.1.2. Industry Evolution / Developments

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global Bandage Contact Lenses Market Analysis and Forecast, 2017–2031

4.4.1. Market Revenue Projections (US$ Mn)

5. Key Insights

5.1. COVID-19 Pandemic Impact on Industry (value chain and short-/ mid-/ long-term impact)

5.2. Regulatory Scenario, by Region/Globally

5.3. Key Product/Brand Analysis

5.4. Pricing Analysis

5.5. Supply Chain Analysis

5.6. Overview of Bandage Contact lenses in Refractive Surgeries

5.7. Overview – Potential Gaps in Market

6. Global Bandage Contact Lenses Market Analysis and Forecast, by Lens Type

6.1. Introduction & Definition

6.2. Key Findings / Developments

6.3. Market Value Forecast, by Lens Type, 2017–2031

6.3.1. Soft Lens

6.3.1.1. Silicon Hydrogel

6.3.1.2. Hydrogel

6.3.1.3. Others

6.3.2. Rigid Lens

6.3.3. Hybrid Lens

6.4. Market Attractiveness Analysis, by Lens Type

7. Global Bandage Contact Lenses Market Analysis and Forecast, by Application

7.1. Introduction & Definition

7.2. Key Findings / Developments

7.3. Market Value Forecast, by Application, 2017–2031

7.3.1. Corneal Injury/Disorders

7.3.2. Post-ocular Surgery

7.3.3. Others

7.4. Market Attractiveness Analysis, by Application

8. Global Bandage Contact Lenses Market Analysis and Forecast, by Distribution Channel

8.1. Introduction & Definition

8.2. Key Findings / Developments

8.3. Market Value Forecast, by Distribution Channel, 2017–2031

8.3.1. Retail

8.3.2. E-commerce

8.3.3. Others

8.4. Market Attractiveness Analysis, by Distribution Channel

9. Global Bandage Contact Lenses Market Analysis and Forecast, by Region

9.1. Key Findings

9.2. Market Value Forecast, by Region

9.2.1. North America

9.2.2. Europe

9.2.3. Asia

9.2.4. Latin America

9.2.5. Middle East & Africa

9.3. Market Attractiveness Analysis, by Country/Sub-region/Region

10. North America Bandage Contact Lenses Market Analysis and Forecast

10.1. Introduction

10.1.1. Key Findings

10.2. Market Value Forecast, by Lens Type, 2017–2031

10.2.1. Soft Lens

10.2.1.1. Silicon Hydrogel

10.2.1.2. Hydrogel

10.2.1.3. Others

10.2.2. Rigid Lens

10.2.3. Hybrid Lens

10.3. Market Value Forecast, by Application, 2017–2031

10.3.1. Corneal Injury/Disorders

10.3.2. Post-ocular Surgery

10.3.3. Others

10.4. Market Value Forecast, by Distribution Channel, 2017–2031

10.4.1. Retail

10.4.2. E-commerce

10.4.3. Others

10.5. Market Value Forecast, by Country, 2017–2031

10.5.1. U.S.

10.5.2. Canada

10.6. Market Attractiveness Analysis

10.6.1. By Lens Type

10.6.2. By Application

10.6.3. By Distribution Channel

10.6.4. By Country

11. Europe Bandage Contact Lenses Market Analysis and Forecast

11.1. Introduction

11.1.1. Key Findings

11.2. Market Value Forecast, by Lens Type, 2017–2031

11.2.1. Soft Lens

11.2.1.1. Silicon Hydrogel

11.2.1.2. Hydrogel

11.2.1.3. Others

11.2.2. Rigid Lens

11.2.3. Hybrid Lens

11.3. Market Value Forecast, by Application, 2017–2031

11.3.1. Corneal Injury/Disorders

11.3.2. Post-ocular Surgery

11.3.3. Others

11.4. Market Value Forecast, by Distribution Channel, 2017–2031

11.4.1. Retail

11.4.2. E-commerce

11.4.3. Others

11.5. Market Value Forecast, by Country/Sub-region, 2017–2031

11.5.1. Germany

11.5.2. U.K.

11.5.3. France

11.5.4. Spain

11.5.5. Italy

11.5.6. Rest of Europe

11.6. Market Attractiveness Analysis

11.6.1. By Lens Type

11.6.2. By Application

11.6.3. By Distribution Channel

11.6.4. By Country/Sub-region

12. Asia Bandage Contact Lenses Market Analysis and Forecast

12.1. Introduction

12.1.1. Key Findings

12.2. Market Value Forecast, by Lens Type, 2017–2031

12.2.1. Soft Lens

12.2.1.1. Silicon Hydrogel

12.2.1.2. Hydrogel

12.2.1.3. Others

12.2.2. Rigid Lens

12.2.3. Hybrid Lens

12.3. Market Value Forecast, by Application, 2017–2031

12.3.1. Corneal Injury/Disorders

12.3.2. Post-ocular Surgery

12.3.3. Others

12.4. Market Value Forecast, by Distribution Channel, 2017–2031

12.4.1. Retail

12.4.2. E-commerce

12.4.3. Others

12.5. Market Value Forecast, by Country/Sub-region, 2017–2031

12.5.1. China

12.5.2. Japan

12.5.3. India

12.5.4. Australia & New Zealand

12.5.5. Rest of Asia

12.6. Market Attractiveness Analysis

12.6.1. By Lens Type

12.6.2. By Application

12.6.3. By Distribution Channel

12.6.4. By Country/Sub-region

13. Latin America Bandage Contact Lenses Market Analysis and Forecast

13.1. Introduction

13.1.1. Key Findings

13.2. Market Value Forecast, by Lens Type, 2017–2031

13.2.1. Soft Lens

13.2.1.1. Silicon Hydrogel

13.2.1.2. Hydrogel

13.2.1.3. Others

13.2.2. Rigid Lens

13.2.3. Hybrid Lens

13.3. Market Value Forecast, by Application, 2017–2031

13.3.1. Corneal Injury/Disorders

13.3.2. Post-ocular Surgery

13.3.3. Others

13.4. Market Value Forecast, by Distribution Channel, 2017–2031

13.4.1. Retail

13.4.2. E-commerce

13.4.3. Others

13.5. Market Value Forecast, by Country/Sub-region, 2017–2031

13.5.1. Brazil

13.5.2. Mexico

13.5.3. Rest of Latin America

13.6. Market Attractiveness Analysis

13.6.1. By Lens Type

13.6.2. By Application

13.6.3. By Distribution Channel

13.6.4. By Country/Sub-region

14. Middle East & Africa Bandage Contact Lenses Market Analysis and Forecast

14.1. Introduction

14.1.1. Key Findings

14.2. Market Value Forecast, by Lens Type, 2017–2031

14.2.1. Soft Lens

14.2.1.1. Silicon Hydrogel

14.2.1.2. Hydrogel

14.2.1.3. Others

14.2.2. Rigid Lens

14.2.3. Hybrid Lens

14.3. Market Value Forecast, by Application, 2017–2031

14.3.1. Corneal Injury/Disorders

14.3.2. Post-ocular Surgery

14.3.3. Others

14.4. Market Value Forecast, by Distribution Channel, 2017–2031

14.4.1. Retail

14.4.2. E-commerce

14.4.3. Others

14.5. Market Value Forecast, by Country/Sub-region, 2017–2031

14.5.1. GCC Countries

14.5.2. South Africa

14.5.3. Rest of Middle East & Africa

14.6. Market Attractiveness Analysis

14.6.1. By Lens Type

14.6.2. By Application

14.6.3. By Distribution Channel

14.6.4. By Country/Sub-region

15. Competition Landscape

15.1. Market Player – Competition Matrix (By Tier and Size of companies)

15.2. Market Share Analysis, by Company, 2020

15.3. Company Profiles

15.3.1. Advanced Vision Technologies

15.3.1.1. Company Description

15.3.1.2. Business Overview

15.3.1.3. Strategic Overview

15.3.1.4. SWOT Analysis

15.3.2. Alcon, Inc.

15.3.2.1. Company Description

15.3.2.2. Business Overview

15.3.2.3. Financial Overview

15.3.2.4. Strategic Overview

15.3.2.5. SWOT Analysis

15.3.3. Bausch & Lomb (Bausch Health Companies, Inc.)

15.3.3.1. Company Description

15.3.3.2. Business Overview

15.3.3.3. Financial Overview

15.3.3.4. Strategic Overview

15.3.3.5. SWOT Analysis

15.3.4. Clearlab SG Pte. Ltd.

15.3.4.1. Company Description

15.3.4.2. Business Overview

15.3.4.3. SWOT Analysis

15.3.5. CooperVision (The Cooper Companies, Inc.)

15.3.5.1. Company Description

15.3.5.2. Business Overview

15.3.5.3. Financial Overview

15.3.5.4. Strategic Overview

15.3.5.5. SWOT Analysis

15.3.6. Excellent Hi-Care Pvt. Ltd.

15.3.6.1. Company Description

15.3.6.2. Business Overview

15.3.6.3. SWOT Analysis

15.3.7. Johnson & Johnson

15.3.7.1. Company Description

15.3.7.2. Financial Overview

15.3.7.3. Strategic Overview

15.3.7.4. Business Overview

15.3.7.5. SWOT Analysis

15.3.8. Metro Optics

15.3.8.1. Company Description

15.3.8.2. Business Overview

15.3.8.3. SWOT Analysis

15.3.9. UltraVision CLPL

15.3.9.1. Company Description

15.3.9.2. Business Overview

15.3.9.3. Strategic Overview

15.3.9.4. SWOT Analysis

15.3.10. (X-Cel Specialty Contacts) Walman Optical

15.3.10.1. Company Description

15.3.10.2. Financial Overview

15.3.10.3. SWOT Analysis

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