Scleral Lens Market is Expected to Grow at High CAGR during the...

Scleral Lens Market is Expected to Grow at High CAGR during the forecast period 2024-2031

Posted 2024-06-24 13:53:41

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Market Size

The Scleral Lens Market was valued at USD 319.78 million in 2023 and is projected to reach USD 1,197.36 million by 2031, growing at a compound annual growth rate (CAGR) of approximately 15.8% during the forecast period from 2024 to 2031.

Market Dynamics

Increasing Prevalence of Ocular Disorders

The rising incidence of ocular disorders such as keratoconus, dry eye syndrome, and other corneal irregularities is driving the demand for scleral lenses.

Advancements in Scleral Lens Technology

Innovations in lens materials and design are enhancing the comfort, durability, and overall efficacy of scleral lenses, contributing to market growth.

Growing Awareness and Adoption

Increased awareness among patients and eye care professionals about the benefits of scleral lenses is boosting their adoption.

Rising Investments in Healthcare

Growing investments in healthcare infrastructure and advancements in optometric practices are supporting market expansion.

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Regional Insights

North America

Dominates the market due to the high prevalence of ocular conditions, advanced healthcare infrastructure, and significant investments in research and development.

Europe

Witnessing substantial growth driven by increasing healthcare expenditure, rising awareness about ocular health, and strong focus on research and innovation.

Asia-Pacific

Expected to experience rapid growth owing to the large patient population, improving healthcare infrastructure, and increasing adoption of advanced optometric solutions.

Key Players

Major players in the Scleral Lens Market include:

Bausch + Lomb Incorporated
ABB Optical Group
CooperVision
Blanchard Lab
BostonSight

Future Outlook

The Scleral Lens Market is poised for robust growth, driven by the increasing prevalence of ocular disorders, advancements in lens technology, and growing investments in healthcare. As research and development efforts continue to yield innovative solutions, the market is expected to witness sustained expansion, offering improved vision and comfort for patients with corneal irregularities.