PUBLISHED DATE : Jan 2022 | Pages : 317
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The Global Contact Lenses Market Includes Size, Share, & Trends Analysis By
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022-2027
317 Pages
85 Tables
160 Charts
5 Regions
19 Countries
29 Companies
6 Market Segment
| Report Attribute | Details |
|---|---|
| MARKET SIZE (2021) | USD 9.19 BILLON |
| MARKET SIZE (2027) | USD 13.02 BILLION |
| CAGR (2022-2027) | 5.97% |
| BASE YEAR | 2021 |
| FORECAST YEAR | 2022-2027 |
| MARKET SEGMENTS | Material (Silicone Hydrogel, Hydrogel, Gp/Rgp, and Others), Application (Corrective, Therapeutic, and Cosmetic), Design (Spherical, Toric, and Multifocal), Usage (Daily Disposable and Frequent Replacement), Distribution Channel (Retail Stores, Hospital And Eye Care, and Online Stores) |
| GEOGRAPHIC ANALYSIS | North America, APAC, Europe, Latin America, and Middle East & Africa |
| COUNTRIES COVERED | US, Canada, Japan, China, India, South Korea, Australia, Germany, France, UK, Spain, Italy, Brazil, Mexico, Argentina, Turkey, South Africa, Saudi Arabia, and UAE |
The global contact lenses market is projected to grow at a CAGR of 5.97% from 2022 to 2027, to reach USD 13.1 billion by 2027 from USD 9.19 billion in 2021. Contact lenses are commonly used to treat refractive errors such as myopia, hyperopia, astigmatism, and presbyopia. They are also often worn for additional reasons, such as aesthetic or cosmetic enhancement, to improve peripheral vision, or to achieve spectacle independence. The global contact lens market is segmented based on material, application, design, usage, and distribution channel.
Contact lenses are used to cure correct vision problems caused by refractive errors or defaults. Nearly 125 million people worldwide wear contact lenses to cure regular or common vision problems. There are designs for contact lenses, such as spherical, Toric, and multifocal contact lenses. It's used to cure defaults errors when customers' eye shape prevents light from focusing directly on the cornea.
Increasing awareness about the advantages of smart contact lenses over traditional eyeglasses and a sudden surge in the penetration among working professionals and youth contribute to the increased demand for contact lenses. The growing adoption of contact lenses for restoring multiple vision dysfunctions, such as myopia, hyperopia, astigmatism, and presbyopia, will promote global contact lenses. The growing focus on the aesthetic look and the popularity of colored lenses in the fashion industry will boost the demand in the upcoming years.
However, the industry is witnessing significant resistance from alternative treatment options such as LASIK and eyeglasses for various refractive error eye disorders.
The following factors are likely to contribute to the global contact lenses market growth:
KEY HIGHLIGHTS
North America, especially the United States, is a dominant region in the global contact lenses market. Further, a large proportion of the patient pool with refractive vision disorders, better access to eye care services, and a strong presence of prominent players contribute to the region's high market share. The region will retain its overall industry dominance and remain a key market.
APAC region to witness the fastest growth during the forecast period. The growing myopic people like teenagers and the aging population and the high rate of the rising rate of brand-conscious buyers will accelerate the growth of the China contact lenses market.
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Frequently Asked Questions
What is the growth rate of global contact lenses market?
The growth rate of the global contact lenses market is 5.97% in the forecast period.
How much is the global contact lenses market worth?
The contact lenses market was valued at USD 9.19 Billion in 202
What are the key factors driving the global contact lenses market?
The key factors driving the contact lenses market are the growing target population with refractive error and visual impairments, shift from eyeglasses towards contact lenses, and aggressive marketing campaigns of retail optical stores.
What are the top strategies to sustain the market competition?
New products launches and incresead investment in R&D are the key strategies to dominate the market.
Which type of contact lens is leading the usage segment?
Daily disposable contact lens is leading the usage segment.
The contact lenses market is growing at a CAGR of 5.97% during the forecast period.
Base Year: 2021
Forecast Year: 2022-2027
The study considers a detailed scenario of the present contact lenses market and its market dynamics for 2022−2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.
Key Vendors
Other Prominent Vendors
Market Segmentation by Material
Market Segmentation by Application
Market Segmentation by Design
Market Segmentation by Usage
Market Segmentation by Distribution Channel
Market Segmentation by Geography
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of The Study
5 REPORT ASSUMPTIONS & CAVEATS
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 MARKET AT A GLANCE
7 INTRODUCTION
7.1 Overview
7.2 Impact of Covid-19
8 MARKET OPPORTUNITIES & TRENDS
8.1 Introduction of Hi-Tech Contact Lenses
8.2 Increasing Use of Silicone Hydrogel Contact Lenses
8.3 High Consumer Preference for Premium Cosmetic Lenses
9 MARKET GROWTH ENABLERS
9.1 Technological Advances in Contact Lenses
9.2 Increasing Frequency of Product Launches
9.3 Expanding Target Population
10 MARKET RESTRAINTS
10.1 High Cost of Contact Lenses
10.2 Adverse Events Associated with Contact Lenses
10.3 Low Accessibility, Affordability, & Financial Exclusion for Large Patient Pool
11 MARKET LANDSCAPE
11.1 Market Overview
11.1.1 Historical Data 2018-2020
11.2 Market Size & Forecast
11.3 Five Forces Analysis
12 MATERIAL
12.1 Market Snapshot & Growth Engine
12.1.1 Market Overview
12.2 Silicone Hydrogel Contact Lenses
12.3 Hydrogel Contact Lenses
12.4 Gas Permeable /Rigid Gas Permeable Contact Lenses
12.5 Other Contact Lenses
13 APPLICATION
13.1 Market Snapshot & Growth Engine
13.2 Corrective Contact Lenses
13.3 Therapeutic Contact Lenses
13.4 Cosmetic Contact Lenses
14 DESIGN
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Spherical
14.4 Toric
14.5 Multifocal
15 USAGE
15.1 Market Snapshot & Growth Engine
15.2 Daily Disposable
15.3 Frequent Replacement
16 DISTRIBUTION CHANNEL
16.1 Market Snapshot & Growth Engine
16.2 Retail Stores
16.3 Hospital & Eye Clinics
16.4.1 Market Overview
16.4.2 Market Size & Forecast
16.4.3 Online Stores Contact Lenses: Geography Segmentation
17 GEOGRAPHY
17.1 Market Snapshot & Growth Engine
17.2 Geographic Overview
18 NORTH AMERICA
18.1 Market Overview
18.2 Market Size & Forecast
19 APAC
19.1 Market Overview
19.2 Market Size & Forecast
20 EUROPE
20.1 Market Overview
20.2 Market Size & Forecast
21 LATIN AMERICA
21.1 Market Overview
21.2 Market Size & Forecast
22 MIDDLE EAST & AFRICA
22.1 Market Overview
22.2 Market Size & Forecast
23 COMPETITIVE LANDSCAPE
23.1 Competition Overview
23.2 Market Share Analysis
23.2.1 Johnson & Johnson
23.2.2 Alcon
23.2.3 The Cooper Companies
23.2.4 Bausch & Lomb
24 KEY COMPANY PROFILES
24.1 JOHNSON & JOHNSON VISION CARE
24.1.1 Business Overview
24.1.2 Product Offerings
24.1.3 Key Strategies
24.1.4 Key Strengths
24.1.5 Key Opportunities
24.2 THE COOPER COMPANIES
24.3 ALCON
24.4 BAUSCH & LOMB
25 OTHER PROMINENT VENDORS
25.1 BESCON
25.1.1 Business Overview
25.1.2 Product Offerings
25.2 BENQ MATERIALS
25.3 CLEARLAB
25.4 CAMAX OPTICAL
25.5 CLERIO VISION
25.6 CONTAMAC
25.7 ESSILOR
25.8 GINKO INTERNATIONAL
25.9 HOYA
25.10 INTEROJO
25.11 MENICON
25.12 MEDIOS
25.13 NEO VISION
25.14 OCULUS
25.15 POLYTOUCH
25.16 SENSIMED
25.17 ST. SHINE OPTICAL
25.18 SHANGHAI WEICON OPTICAL
25.19 SEED
25.20 SOLÓTICA INDÚSTRIA E COMÉRCIO
25.21 SYNERGEYES
25.22 ULTRAVISION CLPL
25.23 VISIONEERING TECHNOLOGIES
25.24 X-CEL SPECIALTY CONTACTS
25.25 ZEISS
26 REPORT SUMMARY
26.1 Key Takeaways
26.2 Strategic Recommendations
27 QUANTITATIVE SUMMARY
27.1 Market by Geography
27.2 Market by Material
27.3 Market by Application
27.4 Market by Design
27.5 Market by Distribution
27.6 Market by Usage
27.7 North America: Market by Application
27.8 North America: Market by Design
27.9 North America: Market by Distribution
27.1 North America: Market by Usage
27.11 Europe: Market by Application
27.12 Europe: Market by Design
27.13 Europe: Market by Distribution
27.14 Europe: Market by Usage
27.15 APAC: Market by Application
27.16 APAC: Market by Design
27.17 APAC: Market by Distribution
27.18 APAC: Market by Usage
27.19 Latin America: Market by Application
27.20 Latin America: Market by Design
27.21 Latin America: Market by Distribution
27.22 Latin America: Market by Usage
27.23 Middle East & Africa: Market by Application
27.24 Middle East & Africa: Market by Design
27.25 Middle East & Africa: Market by Distribution
27.26 Middle East & Africa: Market by Usage
28 APPENDIX
28.1 Abbreviations
LIST OF EXHIBITS
Exhibit 1 Segmentation of Global Contact Lenses Market
Exhibit 2 Market Size Calculation Approach 2021
Exhibit 3 Vision Care Statistics 2020
Exhibit 4 Impact of COVID-19 on Global Contact Lenses Market 2020
Exhibit 5 Changes in Contact Lenses Usage Pattern during COVID-19
Exhibit 6 Impact of Introduction of Hi-tech Contact Lenses
Exhibit 7 Impact of Increasing Use of Silicone Hydrogel Contact Lenses
Exhibit 8 Impact of High Consumer Preference for Premium Cosmetic Lenses
Exhibit 9 Impact of Technological Advances in Contact Lenses
Exhibit 10 Impact of Increasing Frequency of Product Launches
Exhibit 11 Impact of Expanding Target Population
Exhibit 12 Impact of High Cost of Contact Lenses
Exhibit 13 Cost Accumulation at Every Step
Exhibit 14 Impact of Adverse Events Associated with Contact Lenses
Exhibit 15 Impact of Low Accessibility, Affordability & Financial Exclusion for Large Patient Pool
Exhibit 16 Estimated Global Population with Vision Impairment (in Billion)
Exhibit 17 Number of Ophthalmologists per Million Population 2019
Exhibit 18 Contact Lenses Market: Historical Data 2018-2020
Exhibit 19 Global Contact Lenses Market 2021–2027 ($ million)
Exhibit 20 Five Forces Analysis 2021
Exhibit 21 Incremental Growth by Material 2021 & 2027
Exhibit 22 Global Contact Lenses by Material
Exhibit 23 Global Contact Lenses Market by Material: Incremental Growth
Exhibit 24 Global Contact Lenses Market by Material: Absolute Growth
Exhibit 25 Global Silicone Hydrogel Contact Lenses Market: Incremental & Absolute Growth
Exhibit 26 Global Silicone Hydrogel Contact Lenses Market 2021–2027 ($ million)
Exhibit 27 Global Hydrogel Contact Lenses Market: Incremental & Absolute Growth
Exhibit 28 Global Hydrogel Contact Lenses Market 2021–2027($ million)
Exhibit 29 Global Gas Permeable/Rigid Gas Permeable Contact Lenses Market: Incremental & Absolute Growth
Exhibit 30 Global Gas Permeable /Rigid Gas Permeable Contact Lenses By 2021–2027 ($ million)
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LIST OF TABLES
Table 1 Key Caveats
Table 2 Currency Conversion 2015−2020
Table 3 Advantages & Disadvantages of Various Types of Contact Lenses
Table 4 Recent Hi-Tech Contact Lenses
Table 5 Global Contact Lenses Market –Approval & Product Launches
Table 6 Advantages & Disadvantages of Hydrogel Contact Lenses
Table 7 Alcon: Major Product Offerings
Table 8 Bausch & Lomb Major Product Offerings
Table 9 Bescon: Major Product Offerings
Table 10 BenQ Materials: Major Product Offerings
Table 11 ClearLab: Major Product Offerings
Table 12 CAMAX OPTICAL: Major Product Offerings
Table 13 Clerio Vision: Major Product Offerings
Table 14 Contamac: Major Product Offerings
Table 15 Essilor: Major Product Offerings
Table 16 Ginko International: Major Product Offerings
Table 17 Hoya: Major Product Offerings
Table 18 INTEROJO: Major Product Offerings
Table 19 Menicon: Major Product Offerings
Table 20 Medios: Major Product Offerings
Table 21 Neo Vision: Major Product Offerings
Table 22 Oculus: Major Product Offerings
Table 23 POLYTOUCH: Major Product Offerings
Table 24 SENSIMED: Major Product Offerings
Table 25 St. Shine Optical: Major Product Offerings
Table 26 Shanghai Weicon Optical: Major Product Offerings
Table 27 SEED: Major Product Offerings
Table 28 Solótica Indústria e Comércio: Major Product Offerings
Table 29 SynergEyes: Major Product Offerings
Table 30 UltraVision CLPL: Major Product Offerings
Table 31 Visioneering Technologies: Major Product Offerings
Table 32 X-Cel Speciality contacts: Major Product Offerings
Table 33 ZEISS: Major Product Offerings
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