India Multifocal Contact Lenses Market By Design (Simultaneous Vision Designs v/s Segmented Designs) By Usability (Disposable v/s Reusable) By Material Type (Hydrogel, Silicone Hydrogel, HEMA, Others) By Distribution Channel (Retail Stores, Hospitals & Clinics, Others) By Application (Astigmatism, Presbyopia, Myopia, Others) By Company, By Region, Forecast & Opportunities, FY2027

India multifocal contact lenses market is expected to grow at a significant CAGR during the forecast period, FY2023-FY2027. Rising geriatric population is the major driver of multifocal contact lenses as with growing age natural vision starts deteriorating gradually which results in the loss of vision. Surge in prevalence of cataract or development of clouding over the lenses is fueling the demand of multifocal contact lenses. Cataract is the eye related disorder in which the eye lens tissue is affected by any injury or due to the aging factor which causes the natural lens to become less transparent, thick, and inflexible. Increasing preference for contact lenses over the prescription eyeglasses due to ease and convenience of lenses is accelerating the multifocal contact lenses demand in India. Supportive government initiatives to promote the healthcare industry is encouraging people to visit hospitals and get their vision checked thereby ensuring proper treatment. Rise in disposable income among the middle-class families is enabling them to raise the healthcare expenditure resulting in high demand for quality treatment. Patients have higher expectations regarding their vision which results seeking treatment which improves the sight along with renewed freedom. Continuous rise in the number of hospitals and high number of cases relating to eye diseases is increasing the patient in-flow into the eye care centers which is fostering the growth of contact lenses market.

India multifocal contact lenses market is segmented into design, usability, material type, distribution channel, application, regional distribution, and company. Based on distribution channel, market can be bifurcated into retail stores, hospitals & clinics, and others. The retail stores distribution channel is expected to account for major market share for the forecast period, FY2023-FY2027. Easy availability of lenses and high number of stores located in every locality is contributing to the multifocal contact lenses market growth.

The major players operating in the India multifocal contact lenses market are Bausch & Lomb India Private Limited, Alcon Laboratories (India) Private Limited, Johnson & Johnson Private Limited, CVI Contact Lenses India Private Limited, Hoya Medical India Pvt. Ltd., and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: FY2017-FY2020

Base Year: FY2021

Estimated Year: FY2022

Forecast Period: FY2023–FY2027

Objective of the Study:

• To analyze the historical growth of the market size of India multifocal contact lenses market from FY2017 to FY2020.
• To estimate and forecast the market size of India multifocal contact lenses market from FY2021 to FY2027 and growth rate until FY2027.
• To classify and forecast India multifocal contact lenses market based on design, usability, material type, distribution channel, application, regional distribution, and company.
• To identify dominant region or segment in the India multifocal contact lenses market
• To identify drivers and challenges for India multifocal contact lenses market
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India multifocal contact lenses market.
• To identify and analyze the profile of leading players operating in India multifocal contact lenses market.
• To identify key sustainable strategies adopted by market players in India multifocal contact lenses market.

Click here to download the sample

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of India multifocal contact lenses market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Multifocal contact lenses manufacturing companies
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to multifocal contact lenses market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India multifocal contact lenses market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·       India Multifocal Contact Lenses Market, By Design:

• Simultaneous Vision Designs
• Segmented Designs
• India Multifocal Contact Lenses Market, By Usability:
• Disposable
• Reusable
• India Multifocal Contact Lenses Market, By Material Type:
• Hydrogel
• Silicone Hydrogel
• HEMA
• Others
• India Multifocal Contact Lenses Market, By Distribution Channel:
• Retail Stores
• Hospitals & Clinics
• Others
• India Multifocal Contact Lenses Market, By Application:
• Astigmatism
• Presbyopia
• Myopia
• Others
• India Multifocal Contact Lenses Market, By Region:
• North
• South
• East
• West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India multifocal contact lenses market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).