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.
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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