Contact Lenses Market, By Product Type (Soft Contact Lenses, Hybrid Contact Lenses, Rigid Gas Permeable Contact Lenses, and Other Product types), By Usage (Corrective Contact Lenses, Therapeutic Contact Lenses, Cosmetic Contact Lenses, and Prosthetic Contact Lenses), By Modality (Conventional, and Disposable [Daily, Monthly, and Other Disposable Modalities]), By Design (Spherical, Toric, Multifocal, and Other Designs), By Distribution Channel (Spectacle stores, Online Store, and Other Distributions Channels), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI404120 | Publish Date: April 2023 | No. of Pages: 145

Global Contact Lenses Market Overview

Contact lenses are used for vision correction, and for the cosmetic and aesthetic purpose to change the colour or appearance of the eye. Contact lenses are continuously gaining increased importance and adoption due to high prevalence of various eye-related disorders such as myopia, presbyopia, astigmatism, and other forms of vision disorders. The use of lenses offers varied medical and lifestyle-related benefits. Some of the therapeutic benefits of using lenses are corneal protection, for post-surgical conditions, and corneal pain relief and healing. The growing focus on the aesthetic look and popularity of coloured contact lenses in the fashion industry will further boost the demand for contact lenses products.

Drivers and Restraints:

The increasing disposable income in the developed countries is promoting the purchase of low-priority commodities, specifically those about cosmetics. Consequently, increasing disposable income in developed countries is a driver for the growth of the global contact lens market. Also, the factors such as ageing population coupled with the increasing prevalence of eye-related disorders, technological advancements, raising awareness, and increasing preference for contact lenses over prescription eyeglasses to enhance aesthetics fuels the growth of global contact lenses market. However, elements such as the high cost and dearth of skilled ophthalmologists are projected to hamper the growth of the market. Also, the side –effects associated with the usage of contact lenses is also anticipated to limit the market growth over the forecast period.

Segmentation:

The global Contact Lenses market is segmented based on product type, usage, modality, design, distribution channel and region.

Based on product type, global contact lenses market is segmented into soft contact lenses, hybrid contact lenses, rigid gas permeable contact lenses, and other product types. Soft contact lenses segment is dominating the market and rigid gas permeable is expected to exhibit the fastest growth rate over the forecast period. Based on usage, the global market is segmented into corrective contact lenses, therapeutic contact lenses, cosmetic contact lenses, and prosthetic contact lenses. Corrective contact lenses are excepted to dominating the market during the forecast period. Based on modality, the global market is segmented into conventional, and disposable. Disposable is further sub-segmented into daily, monthly, and other disposable modalities. Based on the design, the global market is segmented into spherical, toric, multifocal, and other designs. Based on the distribution channel, the global market is segmented into spectacle stores, online store, and other distributions channels.

Based on the region the global Contact Lenses market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America accounts highest revenue share to the global Contact Lenses market due to growing demand for advanced medical technologies and increasing geriatric population. Asia Pacific Contact Lenses market is projected to register a high CAGR over the forecast period owing to the growing trend of medical tourism, rising healthcare awareness, coupled with a continuous and growing demand for advanced medical technologies.

Key Players:                                                                                                  

The key players operating the global Contact Lenses market involves Johnson & Johnson, Alcon, Inc., CooperVision, Inc., and Bausch Lomb, Carl Zeiss Meditech AG, HOYA Corporation, Essilor Group, SEED Co., Ltd., Menicon Co., Ltd., and BenQ Materials Corporation. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, In January 2018, CooperVision launched its MyDay toric daily disposable contact lenses in the US. In December 2017, the company announced the availability of expanded parameters for its Avaira Vitality toric two-week contact lenses.

Global Contact Lenses Market Table of Contents

Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Contact Lenses Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By Usage
      • Market Snippet, By Modality
      • Market Snippet, By Design
      • Market Snippet, By Distribution Channel
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Contact Lenses Market, By Product Type, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Soft Contact Lenses
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Hybrid Contact Lenses
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Rigid Gas Permeable Contact Lenses
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other Product types
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Contact Lenses Market, By Usage, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Corrective Contact Lenses
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Therapeutic Contact Lenses
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Cosmetic Contact Lenses
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Prosthetic Contact Lenses
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Contact Lenses Market, By Modality, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Conventional
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Disposable
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
        • Daily
        • Monthly
        • Other Disposable Modalities
  8. Global Contact Lenses Market, By Design, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Spherical
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Toric
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Multifocal
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other Designs
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  9. Global Contact Lenses Market, By Distribution Channel, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Spectacle stores
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Online Store
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Other Distributions Channels
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  10. Global Contact Lenses Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Usage, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Modality, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Design, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Usage, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Modality, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Design, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Usage, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Modality, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Design, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Usage, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Modality, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Design, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Usage, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Modality, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Design, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Region, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  11. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  12. Company Profiles
      • Johnson & Johnson
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Tragedy
      • Alcon, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Tragedy
      • CooperVision, Inc.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Tragedy
      • Bausch Lomb
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Tragedy
      • Carl Zeiss Meditech AG
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Tragedy
      • HOYA Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Tragedy
      • Essilor Group
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Tragedy
      • SEED Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Tragedy
      • Menicon Co., Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Tragedy
      • BenQ Materials Corporation
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Tragedy
  13. The Last Word
    • Future Impact
    • About Us
    • Contact