Bandage Contact Lenses Market (Lens Type: Soft Lens, Rigid Lens, and Hybrid Lens; Application: Corneal Injury/Disorders, Post-ocular Surgery, and Others; and Distribution Channel: Retail, eCommerce, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Description

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.

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.

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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