PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449374
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1449374
The global scleral lens market size is expected to reach USD 1,035.37 million by 2032, according to a new study by Polaris Market Research. The report "Scleral Lens Market Share, Size, Trends, Industry Analysis Report, By Type (Corneo-Scleral Lenses, Semi-Scleral Lenses, Mini-Scleral Lenses, and Full Scleral Lenses); By Application; By End User; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising prevalence of various eye conditions, growing technological advancements in lens technology, and a surge in awareness among consumers regarding the potential benefits of scleral lenses are prominent factors boosting the market's growth. Additionally, the introduction of innovative scleral lenses that are specialized in covering a larger portion of the eye's surface and the integration of smart features into the scleral lens design is further boosting the market.
For instance, in October 2023, XPANCEO announced that they had raised a USD 40 million seed round for launching its first contact lenses with AR vision features. The funds will be mainly invested to launch the next prototype, in which the company gathers several features in one device.
In addition, continuous advancements in manufacturing techniques as well as material science led to the development of comfortable and customizable scleral lenses with beneficial characteristics like ease of insertion and overall wearability, creating substantial demand for these lenses. For instance, Visionix USA announced their latest technology that offers a customizable eyewear experience. It also has better accuracy and speed, which makes it an optimal lens processing solution.
There has been an emerging trend of personalized medicine and the focus of companies towards bringing a scleral lens to individual patient anatomy in order to enhance the overall patient outcome and satisfaction, which positively influences the market. Also, integration of various advanced digital health technologies into scleral lenses such as telehealth and smart solutions and growing accessibility of these lenses worldwide through a continuously expanding network of eye care professionals and distribution channels.
Furthermore, the increase in the number of people shifting towards digital platforms creates a rapid increase in vision demands for various purposes like ear vision for a smartphone and far vision for several things like driving; the demand for innovative eye care solutions to meet this range of vision needs is propelling the market.
Mini-scleral lenses segment accounted for a noteworthy share due to growing advancements in these lens capabilities and benefits over contact lenses
Ocular surface disease held the majority share, owing to increasing incidences of ocular diseases and awareness regarding its availability and benefits
The eye clinics segment will grow at the highest growth rate, which is attributed to the rise in the number of independent clinics and growing accessibility to customers
North America dominated the global market on account of rising investment in R&D activities and the prevalence of several eye-related disorders
The key market players include Camellin Contact Lens, Precision Technology Services, Visionary Optics, Art Optical Contact Lens, and Bausch Health Companies
Polaris Market Research has segmented the scleral lens market report based on type, application, end-user, and region: