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Contact Lenses Market Size, Outlook and Opportunities 2019-2025

  • ID:OGA1809MVC1762
  • Published: May-2019
  • Pages:144
  • OG Analysis
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Global Contact Lenses Market Size, Outlook and Growth Opportunities to 2025: By Type (Spherical, Toric, Multifocal and Other Contact Lenses), By Application (Corrective, Therapeutic and Cosmetic Applications) and By Region

Global Contact Lenses Market is poised to report 5.32% year-on-year growth in 2019. Rising popularity of disposable contact lenses coupled with customer awareness towards eye loss vision are driving the market growth.  Furthermore, youngsters are drawn towards cosmetic lenses to enhance their appearance, which is propelling the demand for contact lenses. Advanced technology in contact lenses made easy for the people who are suffering from astigmatism and presbyopia, which is spiking the demand for the product.

Contact lenses market is largely driven by increasing eye related disorders in youth population, which enhances the penetration of contact lenses into conventional eyeglasses segment. Nevertheless, moderate to strong regulations on approval of smart-contact technologies remains stringent barrier for market growth. Further, as regulations vary from country to country, the approval process undergoes delays, resulting in lowered market potential.

In addition, redness of the eye, blurry vision, swelling, pain, corneal infection, conjunctivitis, and even corneal abrasion are the side effects associated with contact lenses. Such factors hamper the widespread adoption of contact lenses across the world.

Multifocal lenses market is the leading segment in contact lenses market

The report analyses the global contact lenses market based on product type as spherical, toric, multifocal and other contact lenses.

Multifocal lenses segment is the fastest growing segment owing to the ability of these lenses to incorporate multiple prescriptions and design aspects. These are used to treat myopia, hyperopia, presbyopia, and astigmatism, which are soft as they avoid risk of infection and are designed to adjust at various site zones.

Growing prevalence of myopia is one of the major factor boosting the demand for spherical contact lenses. Spherical contact lenses market is growing at rapid pace in North America region owing to high prevalence of refractive disorders, the spherical contact lenses are highly accepted among customers and others.

Toric lenses are primarily preferred to the patients suffering from astigmatism. These are soft contact lenses that are produced from hydrogel material.

By application corrective lenses are leading in the global contact lenses market

The report analyses the global contact lenses market based on application as corrective, therapeutic and cosmetic applications.

Corrective contact lenses market is fuelled by the adoption of contact lenses by refractive errors patients as well as preference of patients towards lenses over glass owing to enhanced appearance.

The therapeutic contact lenses are expected to witness a robust growth due to growth in prevalence of eye disorders and increasing vision correction surgeries related to corneal or anterior eye disease where therapeutic lenses pay a major role in healing the eyes. Cataract, diabetic retinopathy, blindness, and glaucoma continue to remain key refractory diseases focused by researchers worldwide.

Cosmetic contact lenses market growth is attributed to growing customer preferences for better appearance, on-going fashionable trends worldwide, changing appearance of iris and others. In addition, entertainment industry is embracing decorative contact lenses rapidly for new and ideal look, which will be a significant revenue generator.

North America contact lenses market accounts major market share

North America is the leading market for the contact lenses, accounting for 31.1% of the overall revenue, driven by the growing geriatric populations, rising eye-related health issues and others. The contact lenses outlook is anticipated to remain positive, growing at a CAGR of 5.13% over the forecast period 2019-2025.

European contact lenses market continues to witness healthy growth rates over the near future driven by high utilization of contact lenses for both therapeutic and cosmetic/decorative purposes.

Asia-Pacific contact lenses market sales is dominated by presence of international companies and global brands. However, local manufacturers are also stepping ahead to grab the opportunities prevailing in the market.

South and Central America accounted for 10.16% of global contact lenses market value during 2018. The market is valued at $904.6 million and is forecast to increase at a CAGR of 5.44%.

The contact lenses market in Middle East is anticipated to grow during the estimation period 2019-2025 owing to unhealthy life style, rising urbanization and others.

Key players of global contact lenses market

Johnson & Johnson (United States), Alcon, Inc. (United States), Cooper Vision, Inc. (United States), and Bausch + Lomb (United States), Carl Zeiss Meditech AG(Germany), HOYA Corporation (Japan), Essilor Group (France), SEED Co., Ltd. (Japan), Menicon Co., Ltd. (Japan), and BenQ Materials Corporation (Taiwan).

Scope:

Long term perspective on the Contact Lenses industry: 2018 (base year), 2019- 2025 (forecast period)

Contact Lenses Market- Forecasts by Segments- Type and Application by geography.

  1.  
  2.  
  3. The research report classifies the global contact lenses market into 4 product types including spherical, toric, multifocal and others.
  4. This report provides the market outlook by 3 applications including corrective, therapeutic and cosmetic.
  5. The report analyses the global contact lenses market across countries in 5 regions including Asia-Pacific, Europe, North America, South & Central America, and Middle East & Africa.

Contact Lenses Market- Strategic Analysis Review

  1. Key strategies opted by leading players
  2. Short to Long Term Industry Trends
  3. Porter’s Five Forces Analysis
  4. Supply side and Demand Side Drivers and Challenges

Contact Lenses Market- Growth Opportunities

  1. Potential New Business Opportunities
  2. Key Areas of Focus in forecast period

Contact Lenses Market- Competitive Scenario

  1. 10 companies are analysed in the report including Johnson & Johnson (United States), Alcon, Inc. (United States), Cooper Vision, Inc. (United States), and Bausch + Lomb (United States), Carl Zeiss Meditech AG(Germany), HOYA Corporation (Japan), Essilor Group (France), SEED Co., Ltd. (Japan), Menicon Co., Ltd. (Japan), and BenQ Materials Corporation (Taiwan).
  2. Company Peer-to-Peer Comparison
  3. Company Profile and SWOT Analysis
  4. Financial Analysis

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Table of Contents



 



1. Table of Contents



1.1 List of Tables



1.2 List of Figures



 



2. Introduction to Global Contact Lenses Market



2.1 Global Contact Lenses Market Snapshot, 2018



2.2 Contact Lenses Industry Overview



2.3 Research Perspective



 



3. Global Contact Lenses Market- Strategic Analysis



3.1 Short Term and Long Term Industry Trends Affecting Global Contact Lenses Market



3.2 Leading Contact Lenses Types Targeted by Global Manufacturers



3.3 Key Consumption Patterns of Contact Lenses



3.4 Potential Markets Vital for business Expansion



3.5 Five Forces Analysis



3.6 Drivers and Restraints



 



4. Global Contact Lenses Market Outlook and Growth Opportunities by Type



4.1 Spherical Contact Lenses Market Outlook, 2019- 2025



4.2 Toric Contact Lenses Market Outlook, 2019- 2025



4.3 Multifocal Contact Lenses Market Outlook, 2019- 2025



 



5. Global Contact Lenses Market Outlook and Growth Opportunities by Application



5.1 Contact Lenses Demand in Corrective Application, Market Outlook, 2019- 2025



5.2 Contact Lenses Demand in Therapeutic Application, Market Outlook, 2019- 2025



5.3 Contact Lenses Demand in Cosmetic Application, Market Outlook, 2019- 2025



 



6. Asia Pacific Contact Lenses Market Outlook and Growth Opportunities



6.1 Key Findings, 2018



6.2 Asia Pacific Contact Lenses Market Outlook by Type, 2019- 2025



6.3 Asia Pacific Contact Lenses Market Outlook by Application, 2019- 2025



6.4 Asia Pacific Contact Lenses Market Outlook by Country, 2019- 2025



 



7. Europe Contact Lenses Market Outlook and Growth Opportunities



7.1 Key Findings, 2018



7.2 Europe Contact Lenses Market Outlook by Type, 2019- 2025



7.3 Europe Contact Lenses Market Outlook by Application, 2019- 2025



7.4 Europe Contact Lenses Market Outlook by Country, 2019- 2025



 



8. North America Contact Lenses Market Outlook and Growth Opportunities



8.1 Key Findings, 2018



8.2 North America Contact Lenses Market Outlook by Type, 2019- 2025



8.3 North America Contact Lenses Market Outlook by Application, 2019- 2025



8.4 North America Contact Lenses Market Outlook by Country, 2019- 2025



 



9. South & Central America Contact Lenses Market Outlook and Growth Opportunities



9.1 Key Findings, 2018



9.2 South & Central America Contact Lenses Market Outlook by Type, 2019- 2025



9.3 South & Central America Contact Lenses Market Outlook by Application, 2019- 2025



9.4 South & Central America Contact Lenses Market Outlook by Country, 2019- 2025



 



10. Middle East & Africa Contact Lenses Market Outlook and Growth Opportunities



10.1 Key Findings, 2018



10.2 Middle East & Africa Contact Lenses Market Outlook by Type, 2019- 2025



10.3 Middle East & Africa Contact Lenses Market Outlook by Application, 2019- 2025



10.4 Middle East & Africa Contact Lenses Market Outlook by Country, 2019- 2025



 



11. Competitive Landscape



11.1 Leading Players (Company Profile, SWOT Analysis, Contact Lenses Products, Financial Analysis)



11.1.1 Johnson & Johnson (United States)



11.1.2 Alcon, Inc. (United States)



11.1.3 Cooper Vision, Inc. (United States)



11.1.4 Bausch + Lomb (United States)



11.1.5 Carl Zeiss Meditech AG (Germany)



11.1.6 HOYA Corporation (Japan)



11.1.7 Essilor Group (France)



11.1.8 SEED Co., Ltd. (Japan)



11.1.9 Menicon Co., Ltd. (Japan)



11.1.10 BenQ Materials Corporation (Taiwan)



11.2 Company Benchmarking



11.3 Financial Analysis



 



12. Recent News and Deals Landscape



12.1 Mergers and Acquisitions



12.2 New Product Launches



12.3 Asset Transactions



12.4 Financial Announcements



 



13 Appendix



13.1 OGAnalysis Expertise



13.2 Sources and Research Methodology



13.3 Contact Information



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