Global Contact Lenses Market, By Model (Daily Wear Contact Lenses, Extended Wear Contact Lenses, Traditional Wear Contact Lenses), Design (Spherical Contact Lenses, Toric Contact Lenses, Multifocal Contact Lenses, Monovision Contact Lenses, Cosmetic Contact Lenses), Material (Silicone Hydrogel Contact Lenses, Hydrogel Contact Lenses, Hybrid Contact Lenses, Gas-Permeable Contact Lenses, Polymethyl Methacrylate Contact Lenses), Color Variation (Opaque Contact Lenses, Enhancers/Tinted Contact Lenses, Visibility Tinted Contact Lenses), Distribution Channel (Retail Stores, Hospitals & Clinics, E-Commerce), Application (Conventional Contact Lenses, Orthokeratology Contact Lenses, Decorative (Plano) Contact Lenses), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights: Global Contact Lenses Market
Contact lenses market is expected to be growing at a growth rate of 5.20% in the forecast period of 2020 to 2027. Contact lenses market report analyses the growth, which is currently being growing due to the rising number of visual inaccuracies.
Contact lens, usually referred to as contacts, is a small circular thin flexible piece of clear plastic worn on the surface of the eyes and is designed to match the cornea to correct visual defects or improve the aesthetic appeal of each. They are used to treat common eye disorders such as myopia (near- sight), hyperopia (far-sight), presbyopia (long-sight), astigmatism (distorted vision), and glaucoma (blindness).
The growing disposable income of people, rising geriatric population, increasing incidence of ophthalmic disorders, growing visual defects amid children and young people, increasing usage of computers, mobiles, and other devices are some of the factors expected to boost the growth of the contact lenses market in the forecast period of 2020-2027. On the other hand, the growing demand for daily disposable contact lenses will further create several opportunities that will lead to the growth of the contact lenses market in the above mentioned period.
Dearth of ophthalmologists and regulatory barriers will likely to hamper the growth of the contact lenses market in the above mentioned period.
This contact lenses market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on contact lenses market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Contact Lenses Market Scope and Market Size
Contact lenses market is segmented on the basis of model, design, material, color variation, distribution channel and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of model, the contact lenses market is segmented into daily wear contact lenses, extended wear contact lenses, and traditional wear contact lenses.
- On the basis of design, the contact lenses market is segmented into spherical contact lenses, toric contact lenses, multifocal contact lenses, monovision contact lenses, and cosmetic contact lenses.
- On the basis of material, the contact lenses market is segmented into silicone hydrogel contact lenses, hydrogel contact lenses, hybrid contact lenses, gas-permeable contact lenses, and polymethyl methacrylate contact lenses.
- On the basis of color variation, the contact lenses market is segmented into opaque contact lenses, enhancers/tinted contact lenses, and visibility tinted contact lenses.
- On the basis of distribution channel, the contact lenses market is segmented into retail stores, hospitals & clinics, and e-commerce.
- On the basis of application, the contact lenses market is segmented into conventional contact lenses, orthokeratology contact lenses, and decorative (plano) contact lenses.
Contact Lenses Market Country Level Analysis
Contact lenses market is analysed and market size, volume information is provided by country, model, design, material, color variation, distribution channel and application as referenced above.
The countries covered in the contact lenses market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the contact lenses market because of the growing popularity of daily disposable lenses and high awareness regarding eye examinations while Asia-Pacific is anticipated to grow in the forecast period of 2020-2027 due to the increasing popularity as fashion accessory.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Contact Lenses Market Share Analysis
Contact lenses market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to contact lenses market.
The major players covered in the contact lenses market report are Bausch & Lomb, Alcon, The Cooper Companies Inc., Johnson & Johnson Services, Inc., Surgical Vision, Inc., Carl Zeiss AG, Ciba Vision, Contamac, Essilor International, Hoya Corporation, Hydrogel Vision Corporation, STAAR Surgical Company, SynergEyes, BenQ Materials Corp, Menicon, Seed Co Limited., X-Cel Specialty Contacts, Bausch Health Companies Inc., Novartis AG among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.