Bandage contact lenses are soft contact lenses that serve the purpose
of protection of cornea from friction and irritation caused by
mechanical rubbing of eyelids, and other functions including pain
relief, healing, sealing, and maintenance of corneal hydration,
thereby allowing the cornea to heal in conditions such as an eye
injury or corneal diseases. These contact lenses do not have focusing
power and are not intended for vision correction. Bandage contact
lenses are available in different forms, materials, and wearing
schedules, depending upon the application. Recent clinical studies
have demonstrated the effectiveness of bandage contact lenses in the
treatment of numerous corneal diseases including dry eye. These are
also used for drug delivery to the cornea in some cases.
Rise in prevalence of eye disorders, increase in the number of vision
correction surgeries, rapidly aging population across the world, and
surging applications of bandage contact lenses in the treatment of
eye disorders are the major factors expected to drive the global
bandage contact lenses market during the forecast period. Clinical
studies across the world have demonstrated the clinical and
therapeutic effects including faster corneal re-epithelialization,
reduced patient discomfort, and other advantages of bandage contact
lenses in the treatment of various eye disorders including dry eye,
filamentous keratopathy, bullous keratopathy, and other diseases.
According to the American Academy of Ophthalmology (AAO), around
48,229 corneal implants were performed in the U.S. in 2013.
Prevalence of cataract and other eye-related disorders such as
glaucoma, blindness, and diabetic retinopathy is on the rise, with
cataract affecting nearly 24 million people in the U.S. each year.
Moreover, an estimated 21 million LASIK surgical procedures were
performed in the U.S. alone in 2015. Rise in number of vision
correction surgeries including LASIK, increase in number of cataract
surgeries being performed globally, and growing applications of
bandage contact lenses in the post-surgical healing of cornea are
projected to drive the market from 2017 to 2025.
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The global bandage lenses market can be segmented based on material,
indication, and region. In terms of material, the market can be
categorized into lotrafilacon, balafilacon, senofilacon,
methafilacon, and other materials. Growing applications of bandage
contact lenses and rise in patient preference are inducing
manufacturers to use new and more advanced materials in the
manufacture of bandage contact lenses. Based on indication, the
global bandage lenses market can be divided into corneal ablation,
dye eye disease, LASIK surgery, and others. Various clinical trials
and studies conducted globally demonstrating the clinical and
therapeutic effects of bandage contact lenses in protection and
treatment of cornea have led to usage of bandage contact lenses in
new indications.
In terms of region, the global bandage contact lenses market can be
segmented into North America, Europe, Asia Pacific, Latin America,
and Middle East & Africa. North America is expected to dominate
the global market during the forecast period. Rise in incidence of
eye diseases, growing applications and adoption of bandage contact
lenses among health care providers and patients, increase in health
care spending, and adequate reimbursement policies are the major
factors attributed to the higher market share of North America during
the forecast period. Europe is likely to account for the second
largest share of the bandage contact lenses market. However, rapidly
increase in incidence of eye diseases in Asia Pacific, especially in
China, Singapore, Indonesia, and other countries in Southeast Asia,
rise in health care expenditure are factors expected to fuel the
growth of the market in Asia Pacific from 2017 to 2025.
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Key players in the global bandage contact lenses market include
Vistacom, Inc., Alcon (Novartis AG), Bausch + Lomb, Incorporated
(Valeant Pharmaceuticals International, Inc.), and Unilens
Corporation.
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