THERAPEUTIC CONTACT LENSES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Key Developments

• In February 2024, XPANCEO, a technology company specializing in smart contact lenses with extended reality (XR) and health monitoring features, unveiled a successful prototype of what it claims is the world’s first augmented reality (AR) holographic lens testing system
• In June 2023, Bausch + Lomb, an eye health products company, introduced INFUSE Multifocal silicone hydrogel daily disposable contact lenses in the U.S., aiming to meet the needs of the expanding presbyopia market. These lenses feature ProBalance Technology and a 3-Zone Progressive design, providing all-day comfort and seamless transitions across near, intermediate, and distance vision.
• In April 2021, Menicon, a contact lens manufacturer, announced a global collaboration with Johnson & Johnson Vision, an ophthalmology company to enhance products and services for managing myopia progression in children. Building on the 2019 launch of the Menicon Bloom Myopia Control Management System, the partnership aims to address the growing myopia epidemic, especially among younger populations.