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contact-lenses-market

Contact Lenses Market [By Product Type (Soft Lens, Hybrid Lens, Rigid Gas Permeable (RGP) Lens); By Design Type (Toric, Spherical, Multifocal, Others); By Usage (Corrective, Therapeutic, Cosmetic/Lifestyle, Prosthetic) By Regions]: Market Size & Forecast, 2017 – 2026

Published: Jan 2018
Pages: 85
Format: PDF
Report ID: PM1085
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Report Summary

The worldwide Contact Lenses market size is estimated to be USD 11.1 billion in 2017 and is estimated to grow at a CAGR of 5.8% during the forecast period. With the increase of ageing population particularly, in developed countries, more and more people are switching to lenses from their corrective spectacles. Further, for the enhancement of aesthetic appearance, the demand for cosmetic contact lenses among the youths is one of the major factor propelling the market growth. Also, there is noticeable growth in the incidences of optical disorders all across the globe, which is further bolstering the growth of corrective and therapeutic contact lenses worldwide. The increasing awareness and rising affordability of people in developing countries is further helping the market to grow at a high pace. However, increasing acceptance for corrective procedures and ophthalmology devices such as Photorefractive Keratectomy and LASIK, is hindering the growth of the market to some extent. Also, some of the contact lenses users’ face corneal ulcers and eye infections, as well as contact lenses sometimes also creates complications such as dryness of eyes and improper fitting. These factors are another key hurdles restricting the market growth.

National Eye Institute has estimated that more than 2.9 million American residents were detected with low vision in 2014. The number is anticipated to increase to reach around 5 million by 2030. Also, as per a report by the US Centre of Disease Control & Prevention, it is estimated that the country has more than 40.9 million wearers of contact lenses, aged 18 or older, which accounted for approximately 16.7% of the adult population in US in 2015. Such increase is anticipated to accelerate the growth of contact lenses wearers in the country during the near future.

Asia Pacific Contact Lenses Market, By Design Type, 2017 - 2026

Asia Pacific Contact Lenses Market, By Design Type, 2017 - 2026

Note: Inside circle depicts data for 2017 & outside circle depicts data for 2026

Segment Analysis

The global Contact Lenses market is segmented on the basis of type, design and by usage. The type segment is further bifurcated into Rigid Gas Permeable Lens, Hybrid Lens, and Soft Lens. The soft lens segment by type is estimated to be the major contributor owing to its various applications. Also, with emerging technological advancements such as drug deliveries, the usage of contact lenses is further anticipated to experience a high growth during the forecast period.

On the basis of design, the market is bifurcated into spherical, toric, multifocal, and others. The multifocal lens design segment of contact lenses market is anticipated to experience a high growth with its ability to incorporate several treatments. These lenses are majorly used for the treatment of age-related ophthalmic conditions. Spherical lens segment, on the other hand, is the dominant segment and holds the largest share throughout the forecast period.

SAMPLE TABLE
Asia Pacific Contact Lenses Market, By Design Type, 2017 - 2026  
(USD Million)

Asia Pacific Contact Lenses Market, By Design Type, 2017 - 2026  (USD Million)

Competitive Landscape

The contact lenses market of North America currently holds the largest market share with rising awareness for eye care and increasing elderly population. however, with increasing awareness among people regarding the advantages of contact lenses, Asia Pacific region will experience the highest growth. Major industry players include Alcon Laboratories, Inc., Abbott Medical Optics, Inc., Bausch + Lomb, Incorporated, Carl Zeiss AG, CooperVision, Inc., Contamac U.S., Inc., Hoya Corporation, Essilor International S.A., Medennium and Johnson & Johnson Vision Care, Inc. among others.

Key questions answered by the report

  • What is the current market size and forecasts of Contact Lenses.
  • What is the market opportunity for Contact Lenses type.
  • How much is the estimated market for Contact Lenses in North America, Europe, Asia Pacific, LAMEA during the forecast period.
  • What are the companies in this market and how are they classified.
  • What are the available opportunities and who are the top market players in this
  • Which are the major usage segments and what traction are they gaining in the market.
  • What is the growth rate of design segments and which design is currently leading the market.

 

Table of Contents

  1. Overview and Scope
    1. Research goal & scope
    2. Research assumptions
    3. Research Methodology
      1. Primary data sources
      2. Secondary data sources
    4. Key take-aways
    5. Stakeholders
  2. Executive Summary
    1. Market Definition
    2. Market Segmentation
  3. Contact Lenses Market Insights
    1. Contact Lenses – Industry snapshot
    2. Contact Lenses - Ecosystem analysis
    3. Contact Lenses market dynamics
      1. Contact Lenses – Market Forces
        1. Contact Lenses Market driver analysis
        2. Contact Lenses Market restraint/challenges analysis
        3. Contact Lenses Market opportunity analysis
      2. Industry analysis - Porter's five force
        1. Bargaining power of supplier
        2. Bargaining power of buyer
        3. Threat of substitute
        4. Threat of new entrant
        5. Degree of competition
      3. Contact Lenses market PEST analysis, 2017
      4. Value Chain Analysis
      5. Contact Lenses Industry trends
      6. Competitive Ranking Analysis
  4. Contact Lenses Market Size and Forecast by Product Type
    1. Key findings
    2. Rigid Gas Permeable Lens
      1. Global market estimates and forecasts, 2017 - 2026
    3. Hybrid Lens
      1. Global market estimates and forecasts, 2017 – 2026
    4. Soft Lens
      1. Global market estimates and forecasts, 2017 – 2026
  5. Contact Lenses Market Size and Forecast by Design Type
    1. Key findings
    2. Spherical Lenses
      1. Global market estimates and forecasts, 2017 - 2026
    3. Toric Lenses
      1. Global market estimates and forecasts, 2017 – 2026
    4. Multifocal Lenses
      1. Global market estimates and forecasts, 2017 – 2026
    5. Others
      1. Global market estimates and forecasts, 2017 – 2026
  6. Contact Lenses Market Size and Forecast by Usage Type
    1. Key findings
    2. Corrective Lens
      1. Global market estimates and forecasts, 2017 - 2026
    3. Therapeutic Lens
      1. Global market estimates and forecasts, 2017 – 2026
    4. Cosmetic Lens
      1. Global market estimates and forecasts, 2017 - 2026
    5. Prosthetic Lens
      1. Global market estimates and forecasts, 2017 - 2026
    6. Lifestyle-oriented Lens
      1. Global market estimates and forecasts, 2017 - 2026
  7. Contact Lenses Market Size and Forecast by Regions
    1. Key findings
    2. North America
      1. Contact Lenses market by type (USD Million), 2017 - 2026
      2. Contact Lenses market by design (USD Million), 2017 - 2026
      3. Contact Lenses market by usage (USD Million), 2017 - 2026
      4. U.S.
        1. Contact Lenses market by type (USD Million), 2017 - 2026
        2. Contact Lenses market by design (USD Million), 2017 - 2026
        3. Contact Lenses market by usage (USD Million), 2017 - 2026
      5. Canada
        • Contact Lenses market by type (USD Million), 2017 - 2026
        • Contact Lenses market by design (USD Million), 2017 - 2026
        • Contact Lenses market by usage (USD Million), 2017 - 2026
    3. Europe
      1. Contact Lenses market by type (USD Million), 2017 - 2026
      2. Contact Lenses market by design (USD Million), 2017 - 2026
      3. Contact Lenses market by usage (USD Million), 2017 - 2026
      4. Germany
        1. Contact Lenses market by type (USD Million), 2017 - 2026
        2. Contact Lenses market by design (USD Million), 2017 - 2026
        3. Contact Lenses market by usage (USD Million), 2017 - 2026
      5. UK
        1. Contact Lenses market by type (USD Million), 2017 - 2026
        2. Contact Lenses market by design (USD Million), 2017 - 2026
        3. Contact Lenses market by usage (USD Million), 2017 - 2026
      6. France
        1. Contact Lenses market by type (USD Million), 2017 - 2026
        2. Contact Lenses market by design (USD Million), 2017 - 2026
        3. Contact Lenses market by usage (USD Million), 2017 - 2026
      7. Italy
        1. Contact Lenses market by type (USD Million), 2017 - 2026
        2. Contact Lenses market by design (USD Million), 2017 - 2026
        3. Contact Lenses market by usage (USD Million), 2017 - 2026
    4. Asia Pacific
      1. Contact Lenses market by type (USD Million), 2017 - 2026
      2. Contact Lenses market by design (USD Million), 2017 - 2026
      3. Contact Lenses market by usage (USD Million), 2017 - 2026
      4. China
        1. Contact Lenses market by type (USD Million), 2017 - 2026
        2. Contact Lenses market by design (USD Million), 2017 - 2026
        3. Contact Lenses market by usage (USD Million), 2017 - 2026
      5. South Korea
        1. Contact Lenses market by type (USD Million), 2017 - 2026
        2. Contact Lenses market by design (USD Million), 2017 - 2026
        3. Contact Lenses market by usage (USD Million), 2017 - 2026
      6. Japan
        1. Contact Lenses market by type (USD Million), 2017 - 2026
        2. Contact Lenses market by design (USD Million), 2017 - 2026
        3. Contact Lenses market by usage (USD Million), 2017 - 2026
      7. India
        1. Contact Lenses market by type (USD Million), 2017 - 2026
        2. Contact Lenses market by design (USD Million), 2017 - 2026
        3. Contact Lenses market by usage (USD Million), 2017 - 2026
    5. Latin America
      1. Contact Lenses market by type (USD Million), 2017 - 2026
      2. Contact Lenses market by design (USD Million), 2017 - 2026
      3. Contact Lenses market by usage (USD Million), 2017 - 2026
      4. Brazil
        1. Contact Lenses market by type (USD Million), 2017 - 2026
        2. Contact Lenses market by design (USD Million), 2017 - 2026
        3. Contact Lenses market by usage (USD Million), 2017 - 2026
      5. Mexico
        1. Contact Lenses market by type (USD Million), 2017 - 2026
        2. Contact Lenses market by design (USD Million), 2017 - 2026
        3. Contact Lenses market by usage (USD Million), 2017 - 2026
    6. Middle East & Africa
      1. Contact Lenses market by type (USD Million), 2017 - 2026
      2. Contact Lenses market by design (USD Million), 2017 - 2026
      3. Contact Lenses market by usage (USD Million), 2017 - 2026
  8. Company Profiles
    1. Johnson & Johnson Vision Care, Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    2. Medennium
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    3. Essilor International S.A.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    4. Hoya Corporation
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    5. Contamac U.S., Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    6. CooperVision, Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    7. Carl Zeiss AG
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    8. Bausch + Lomb, Incorporated
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    9. Abbott Medical Optics, Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments
    10. Alcon Laboratories, Inc.
      1. Overview
      2. Financials
      3. Product Benchmarking
      4. Recent Developments

 

Report Content

Qualitative Analysis

  • Industry overview
  • Industry trends
  • Market drivers and restraints
  • Market size
  • Growth prospects
  • Porter’s analysis
  • PESTEL analysis
  • Key market opportunities prioritized
  • Competitive landscape
    • Overview
    • Financials
    • Product benchmarking
    • Latest strategic developments

Quantitative Analysis

  • Market size, estimates, and forecasts from 2017 - 2026
  • Market revenue estimates for type to 2026
  • Market revenue estimates for design up to 2026
  • Market revenue estimates for usage up to 2026
  • Regional market size and forecast for type segments up to 2026
  • Regional market size and forecast for design segments up to 2026
  • Regional market size and forecast for usage segments up to 2026
  • Company financials

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