Israel Contact lenses market is anticipated to
grow significantly in the projected period of 2028 that is driven by the
increasing refractive disorders and technological advancements in medical
industries. The Contact lenses market in Israel has experienced
substantial growth in recent years, driven by various factors such as changing
lifestyles and increasing awareness about eye health.
Contact lenses, which are used as an alternative
to traditional eyeglasses, provide a convenient and comfortable way to correct
vision and are gaining popularity among Israelis of all ages. One of the key
factors driving the demand for contact lenses in Israel is the changing
lifestyles and preferences of the population. As more Israelis lead active and
dynamic lives, they are opting for contact lenses as they offer greater
convenience and flexibility compared to traditional eyeglasses. Contact lenses
provide better vision correction for outdoor activities, sports, and social
events, without the hassle of frames that can obstruct the field of vision or
get fogged up hence, augmenting the growth of Israel Contact lenses market.
Moreover, the cosmetic appeal of contact lenses
is a significant factor contributing to their popularity. Colored contact
lenses, which can change the appearance of the eyes and enhance one's overall
look, are gaining traction among younger consumers in Israel who are keen on
fashion and beauty trends. This trend is driving the demand for cosmetic
contact lenses, which are available in various colors and patterns, and are
becoming increasingly popular for both prescription and non-prescription use,
which is expected to grow the Israel Contact lenses Market in the forecast
period. Moreover, technological advancements have played a crucial role in the
growth of the contact lens market in Israel. Contact lens manufacturers are
constantly innovating to develop advanced lens materials, designs, and
technologies that offer improved comfort, durability, and vision correction.
For instance, silicone hydrogel lenses, which
are made from advanced materials that allow more oxygen to pass through the
lens to the cornea, have gained popularity in Israel as they offer enhanced
comfort and are suitable for extended wear. Additionally, toric lenses, which
are designed to correct astigmatism, and multifocal lenses, which offer vision
correction for presbyopia, are gaining traction in the Israel market, leading
to increased demand for Contact lenses hence booming the Israel Contact lenses
market. These innovative products are driving consumer interest and helping to
expand the Contact lenses market in Israel. According to
the Israeli Association for Ocular Health,500,000 people experience vision
problems and eye illnesses in Israel.
Rising Awareness Regarding Benefits associated
with the use of Contact lenses.
With advancements in technology, lenses have
emerged as a superior alternative to traditional eyeglasses, providing wearers
with a clear vision of the future. From contact lenses to prescription eyeglass
lenses, these modern optical marvels offer numerous advantages over traditional
eyewear, making them a preferred choice for many individuals. This has led to
an increase in demand for Contact lenses, hence augmenting the growth of the
Israel Contact lenses market. One of the biggest advantages of lenses over
traditional eyeglasses is their ability to provide better vision correction.
Lenses, whether they are contact lenses or prescription eyeglass lenses, are
customized to fit the shape of the wearer's eye. This ensures a precise and
accurate vision correction, which can be difficult to achieve with traditional
eyeglasses that may not fit perfectly or may cause distortion due to the frame
or lens thickness. Lenses cover the entire field of vision, eliminating the
need to constantly adjust the frame or lens position as required with glasses.
Companies are investing in the development of new and more efficient Contact
lenses to meet the growing demand and to improve efficiency and performance.
Hence, all these factors or efforts are going to propel the Israel Contact
lenses Market growth.
Also, Contact lenses provide the flexibility to
switch between different eye colors or even wear colored lenses to enhance
one's appearance, making them a popular choice among fashion-conscious
individuals. Further, for those with an active lifestyle, lenses are a
game-changer. Traditional eyeglasses can be cumbersome during physical
activities, making them inconvenient for sports, outdoor activities, or
exercise. According to Ophthalmology Department at Hadassah University
Medical Center in Jerusalem’s Ein Kerem, approximately 3 million people wears
contact lens in Israel, with average age of 30.3 years +/-10.8 years and more
than 6 out of 10 are females.
Rising Technological Advancements and
Innovations in the production Process of Medical Devices
Contact lenses have revolutionized the field of
vision correction, providing millions of people with an alternative to
traditional eyeglasses. Over the years, advancements in technology have
continuously improved the design, comfort, and effectiveness of contact lenses.
With the rapid pace of innovation, the manufacturing process of contact lenses
has evolved, paving the way for exciting breakthroughs that are transforming
the landscape of vision correction augmenting the growth of Israel Contact
lenses market.
By using advanced scanning and imaging
technologies, eye care professionals can obtain precise measurements of the
cornea, iris, and other relevant factors to create lenses that fit perfectly on
the eye. Customized contact lenses offer improved comfort, better vision
correction, and reduced risk of complications such as dryness and discomfort
which leads to the growth of Israel Contact lenses market. Also, the
integration of technology into contact lenses has led to the development of
smart contact lenses, which are equipped with sensors, microchips, and other
electronic components. These lenses can monitor various parameters of the eye,
such as intraocular pressure, glucose levels, and tear film composition, in
real-time. The data collected by smart contact lenses can be wirelessly
transmitted to a smartphone or other devices for analysis and interpretation,
allowing for early detection and management of eye conditions such as glaucoma
and diabetes-related ocular complications. Smart contact lenses have the
potential to revolutionize eye care by providing continuous, non-invasive
monitoring of ocular health, leading to early intervention and improved patient
outcomes. Therefore, it is expected that growing technological advancements in
Israel has positive impact on the Israel contact lenses market. According
to International Trade Administration, medical devices make about USD2.4
billion of Israel's total USD6.2 billion healthcare technology market.
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Recent Development
· In 2021, the Israeli Association
for Ocular Health and the Prevention of Blindness (LIROT) is running a project,
and the L'OCCITANE Foundation and L'OCCITANE Israel are renewing their
collaboration to assist it. The main goal is to implement eye screening exams
for children to identify signs of lazy eye and for older persons utilizing
telemedicine to prevent preventable blindness.
· In October 2022, new information
on Blue-Violet Light Filtering Technology in ACUVUE® OASYS MAX 1-DAY Contact
Lenses was Disclosed by Johnson & Johnson Vision. According to research,
blue-violet light-filtering contact lenses lessen glare pain and might hasten
the recuperation of the eyes after exposure to bright light.
· In March 2023, cooper vision
addresses the symptoms of pervasive digital eye strain, by signaling a new
advancement, MyDay Energys® lenses. MyDay® portfolio can fit patients between
the sphere, the expanded toric parameters, and the multifocal.
Market Segmentation
Israel Contact lenses market is segmented into
product type, usage, modality, design, and region. Based on product type,
Israel Contact lenses market is divided into soft contact lenses, hybrid
contact lenses, rigid gas permeable contact lenses, and other product types.
Based on usage, Israel Contact lenses market is categorized into corrective
contact lenses, therapeutic contact lenses, cosmetic contact lenses, and
prosthetic contact lenses. Based on modality, Israel Contact lenses market is
categorized into conventional and disposable. Based on design, Israel Contact
lenses market is categorized into spherical, toric, multifocal, and other
designs. Based on region, the Israel Contact lenses market is segmented into
the Mediterranean Coastal Plain, the Central Hills, The Jordan Rift Valley, and
the Negev Desert.
Company Profiles
Hanita lenses ltd, Soflex Contact Lens
Industries, ROTLEX ltd., Shamir Optical Industry Ltd., Hoya Vision Care Israel
Ltd., Opticana Israel Ltd., Acuvue (Johnson & Johnson), Cooper Vision Inc,
EyeYon Medical Ltd., Synerg Eyes Inc. are some of the key players of Israel
Contact lenses market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in tons and CAGR for
2018-2022 and 2023-2028
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Report coverage
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Revenue forecast,
volume forecasting, Company shares, competitive landscape, growth factors,
and trends
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Segments covered
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Product type
Usage
Modality
Design
Region
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Country scope
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The
Mediterranean Coastal Plain, The Central Hills, The Jordan Rift Valley, The
Negev Desert.
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Key companies profiled
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Hanita lenses
ltd, Soflex Contact Lens Industries, ROTLEX LTD., Shamir Optical Industry
Ltd., Hoya Vision Care Israel Ltd., Opticana Israel Ltd., Acuvue (Johnson
& Johnson), Cooper Vision Inc, EyeYon Medical Ltd., Synerg Eyes Inc.
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Customization scope
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10% free report customization with purchase.
Addition or alteration to country, regional & segment scope.
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Pricing and purchase
options
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Avail customized
purchase options to meet your exact research needs.
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report
Scope:
In this
report, the Israel Contact lenses market has been segmented into the following
categories, in addition to the industry trends, which have also been detailed
below:
- Israel Contact lenses
Market, By Product Type:
- Soft Contact Lenses
- Hybrid Contact Lenses
- Rigid Gas Permeable
Contact Lenses
- Other
- Israel Contact lenses
Market, By Usage:
- Corrective Contact
Lenses
- Therapeutic Contact
Lenses
- Cosmetic Contact
Lenses
- Prosthetic Contact
Lenses
- Israel Contact lenses Market,
By Modality:
- Israel Contact lenses
Market, By Design:
- Spherical
- Toric
- Multifocal
- Others
- Israel Contact lenses
Market, By Region:
- The Mediterranean
Coastal Plain
- The Central Hills
- The Jordan Rift
Valley
- The Negev Desert
Competitive
landscape
Company
Profiles: Detailed
analysis of the major companies in Israel 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).
Israel Contact lenses Market is an upcoming
report to be released soon. If you wish an early delivery of this report or
want to confirm the date of release, please contact us at [email protected]