Contact Lenses Market

Contact Lenses Market by Model (Daily Wear, Extended Wear), Design (Monovision, Spherical, Multifocal, Toric), Material (PMMA, Hybrid, Silicone Hydrogel), Application (Orthokeratology, Decorative Lenses), Distribution Channel - Global Forecast to 2023

Report Code: MD 6752 Nov, 2018, by marketsandmarkets.com
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[180 Pages Report] A contact lens is a thin lens that can be placed directly on the surface of the eye cornea. These lenses are medical devices used for vision correction or esthetic and therapeutic purposes. Contact lenses are used to correct refractive errors in vision such as nearsightedness (myopia), farsightedness (hyperopia), distorted vision (astigmatism), and errors in the near vision, which generally appear with advancing age (presbyopia).

The global contact lenses market is projected to reach USD 9.19 billion by 2023 from USD 7.24 billion in 2018, at a CAGR of 4.9%. Growing prevalence of myopia, growing geriatric population, and increasing preference for contact lens over prescription eyeglasses are the major factors driving the growth of this market. On the other hand, the shortage of trained ophthalmologists and regulatory barriers in the market are some of the factors restraining market growth. The report analyzes the global market by product type (including model, design, material, color variation, and application), distribution channel, and region.

Attractive Opportunities in the Contact Lenses Market

Multifocal contact lense segment is estimated to register the highest growth rate during the forecast period.

Based on design, the contact lenses market is classified into spherical, toric, multifocal/bifocal, monovision, and cosmetic contact lenses. In 2017, spherical contact lenses accounted for the largest market share due to the higher adoption of these lenses by optometrists and patients to treat myopia (nearsightedness) or hyperopia (farsightedness). However, the multifocal contact lenses segment is estimated to register the highest growth rate during the forecast period. Multifocal contact lenses are used to treat myopia, hyperopia, presbyopia, and astigmatism (in some cases). These lenses are soft lenses that avoid the risk of infection and are designed to adjust at various site zones to prevent the use of extra eyeglasses along with multiple contact lenses.

Attractive Opportunities in the Contact Lenses Market

Conventional lenses segment to account for the largest market share during the forecast period

Based on application, the contact lenses market is segmented into conventional, orthokeratology (Ortho-k) and decorative (Plano) contact lenses. The increasing prevalence of myopia, rising geriatric population (geriatric individuals are more prone to presbyopia), and the growing preference towards the use of contact lenses over prescribed eyeglasses are the major factors driving the growth of the conventional contact lenses market during the forecast period.

North America to dominate the contact lenses market during the forecast period

The global contact lenses market has been segmented into five regional segments, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, North America accounted for the largest share of the contact lenses market and will continue to dominate the contact lenses market during the forecast period. The rising prevalence of age-related eye diseases, increasing healthcare expenditure, rising disposable income, and technological advancements in contact lenses and related products are some of the key factors driving the growth of the contact lenses market in North America.

Attractive Opportunities in the Contact Lenses Market

Market Dynamics

Driver: Growing prevalence of myopia

Contact lenses are used to correct vision defects such as myopia, hyperopia, astigmatism, and presbyopia. Across the globe, the prevalence of these diseases is growing at an unprecedented rate. Of all these eye disorders, myopia is the most common worldwide. Owing to this unprecedented increase in the prevalence of myopia, spending on ophthalmic products has also increased in recent years. According to the Journal of Ophthalmology, 2018, annual expenditure on correcting distance vision impairments due to refractive errors is between USD 3.9 billion and USD 7.2 billion in the US alone. The growing prevalence of myopia and increasing spending on ophthalmic products, such as contact lenses, as a corrective measure for refractive errors, are expected to drive the growth of the contact lenses market in the future.

Opportunity: Untapped emerging markets

With their vast population, developing countries, including China, India, Russia, Brazil, Mexico, and South Africa, provide potential growth opportunities for contact lens manufacturers. Factors such as improving healthcare infrastructures and increasing government investments are also expected to provide significant growth opportunities to players operating in this market. Rising income levels in developing countries such as India, China, and Brazil are also expected to boost the demand for eye care products and services in these countries. Furthermore, increasing awareness of eye disorders, changing lifestyles, growing per capita spending, and market saturation in developed economies are also encouraging market players to expand their presence in these emerging economies.

Challenge: Shortage of ophthalmologists

Although the demand for ophthalmologists has increased significantly—proportional to the growth in the global population—their number has not. This is particularly evident in developing countries with a deficient quantity of specialists. India, for example, has one ophthalmologist for every 90,000 people, while the US has a ratio of 1:15,800. The average number of ophthalmologists per million people varies with the level of economic development, with only 18 countries having more than 100 ophthalmologists per million people at their disposal (Source: World Bank). Besides, awareness about eye diseases is quite low among the rural populations of developing countries such as India, Saudi Arabia, Israel, Kenya, and South Africa. Rural healthcare is marked by insufficient infrastructure, lack of awareness, and poor access to eye care professionals.  

Scope of the Report

Report Metric

Details

Market size available for years

 2016–2023

Base year considered

 2017

Forecast period

 2018–2023

Forecast units

 USD Million (Value)

Segments covered

 By Product Type, By Distribution Channel, and  By Region

Geographies covered

North America, Europe, APAC, Latin America,  RoW

Companies covered

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

The research report categorizes the Contact Lenses Market according to the following segments and sub-segments:

By Model

  • Daily Wear Contact Lenses
  • Extended Wear Contact Lenses
  • Traditional Wear Contact Lenses

By Design

  • Spherical Contact Lenses
  • Toric Contact Lenses
  • Multifocal Contact Lenses
  • Monovision Contact Lenses
  • Cosmetic Contact Lenses

By Material

  • Silicone Hydrogel Contact Lenses
  • Hydrogel Contact Lenses
  • Hybrid Contact Lenses
  • Gas-Permeable Contact Lenses
  • Polymethyl Methacrylate Contact Lenses

By Color Variation

  • Opaque Contact Lenses
  • Enhancers/Tinted Contact Lenses
  • Visibility Tinted Contact Lenses

By Application

  • Conventional Contact Lenses
  • Orthokeratology Contact Lenses
  • Decorative (Plano) Contact Lenses

By Distribution Channel

  • Retail Stores
  • Hospitals & Clinics
  • E-Commerce

By Region

  • North America (US, Canada)
  • Asia Pacific (Japan, China, India, Rest of APAC)
  • Europe (UK,  Italy,  Germany, France, Spain, Rest of Europe)
  • Latin America
  • Middle East & Africa

Key Market Players

Johnson & Johnson (US), Alcon, Inc.  (US), CooperVision, Inc. (US), Bausch + Lomb  (US), Carl Zeiss Meditech AG  (Germany)

Recent Developments

  • In September 2018, Alcon (Novartis International Ag) launched AIR OPTIX plus HydraGlyde multifocal contact lenses for presbyopia patients.
  • In April 2018, Johnson & Johnson launched three ACUVUE OASYS contact lenses with Transitions Light Intelligent Technology.
  • In March 2018, the Cooper Companies launched the +0.50 DS to +6.00 DS power contact lens to its MyDay toric daily disposable contact lens family.
  • In February 2018, under the terms of this agreement, IDOC offered Bausch + Lomb ULTRA contact lenses for its more than 3,000 members.

Critical questions the report answers:

  • What are the upcoming technologies/product areas that will have a significant impact on the contact lenses market in the future?
  • What would be the revenue pockets for the contact lenses market in the next five years (2018–2023)?
  • What are the major factors expected to impact the growth of the contact lenses market during the forecast period?
  • How will the demand for various product types in the contact lenses market impact its overall revenue generation?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Stakeholders
    1.6 Limitations

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Sources
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Sources
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Contact Lenses Market Size Estimation
    2.3 Contact Lenses Market Breakdown and Data Triangulation
    2.4 Contact Lenses Market Share Estimation
    2.5 Assumptions for the Study

3 Executive Summary (Page No. - 31)

4 Premium Insights (Page No. - 36)
    4.1 Contact Lenses Market Overview
    4.2 Global Contact Lenses Market: Developed vs Developing Countries/Region (USD Million)
    4.3 Global Contact Lenses Market: Major Countries
    4.4 Geographic Mix: Global Contact Lenses Market
    4.5 Asia Pacific: Global Contact Lenses Market, By Application and Countries

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics: Impact Analysis
           5.2.1 Market Drivers
                    5.2.1.1 Growing Prevalence of Myopia
                    5.2.1.2 Increasing Preference for Contact Lens Over Prescription Eyeglasses
                    5.2.1.3 Growing Geriatric Population
           5.2.2 Market Opportunities
                    5.2.2.1 Untapped Emerging Markets
           5.2.3 Market Challenges
                    5.2.3.1 Regulatory Barriers
                               5.2.3.1.1 North America
                               5.2.3.1.2 Europe
                               5.2.3.1.3 Asia Pacific
                    5.2.3.2 Shortage of Ophthalmologists

6 Technological Scenario (Page No. - 48)
    6.1 Key Technologies in the Contact Lenses Market
           6.1.1 Hydraclear Technology
           6.1.2 ASD Technology
           6.1.3 Lacreon Technology
           6.1.4 Peg Technology
           6.1.5 PC Technology
           6.1.6 Optimized Toric Lens Geometry Technology
           6.1.7 Digital Zone Optics Lens Design Technology
           6.1.8 Lightstream Lens Technology
           6.1.9 Smart Contact Lens Technology
           6.1.10 Light Intelligent/Adaptive Technology
    6.2 Future Outlook

7 Contact Lenses Market, By Product Type (Page No. - 52)
    7.1 Introduction
    7.2 By Model
           7.2.1 Daily Wear Contact Lenses
                    7.2.1.1 Daily Wear Contact Lenses to Account for the Largest Market Share in 2017
           7.2.2 Extended Wear Contact Lenses
                    7.2.2.1 Better Oxygen Permeability of Extended Wear Contact Lenses Results in Clear Vision, Increased Comfort, Wettability, and Better Clinical Performance
           7.2.3 Traditional Contact Lenses
                    7.2.3.1 Market for Traditional Contact Lenses is Expected to Get Cannibalized By Daily and Extended Wear Contact Lenses in the Coming Years
    7.3 By Design
           7.3.1 Spherical Contact Lenses
                    7.3.1.1 Rising Prevalence of Myopia Driving the Growth of the Spherical Contact Lenses Market
           7.3.2 Toric Contact Lenses
                    7.3.2.1 Design of Toric Contact Lenses Enables Them to Rotate to the Proper Orientation on the Cornea for Clear Vision
           7.3.3 Multifocal Contact Lenses
                    7.3.3.1 Multifocal Contact Lenses Segment to Register the Highest Growth Rate During the Forecast Period
           7.3.4 Monovision Contact Lenses
                    7.3.4.1 Growing Preference Towards the Use of Multifocal Contact Lenses to Slow Down the Adoption of Monofocal Contact Lenses
           7.3.5 Cosmetic Contact Lenses
                    7.3.5.1 Growing Trend of Changing Eye Appearance Driving the Demand for Cosmetic Contact Lenses
    7.4 By Material
           7.4.1 Silicone Hydrogel Contact Lenses
                    7.4.1.1 High Oxygen Permeability of Silicone Hydrogel Contact Lenses Resulting in Their Higher Adoption
           7.4.2 Hydrogel Contact Lenses
                    7.4.2.1 The Contact Lenses Market is Experiencing A Notable Shift From Hydrogel to Silicone Hydrogel Contact Lenses
           7.4.3 Hybrid Contact Lenses
                    7.4.3.1 Hybrid Contact Lenses are Majorly Indicated for Corneal Astigmatism, Post-Refractive Surgery Patients, and Other Corneal Trauma Conditions
           7.4.4 Gas-Permeable Contact Lenses
                    7.4.4.1 Gas-Permeable Contact Lenses Have Replaced Non-Porous Pmma Contact Lenses in Recent Years
           7.4.5 Polymethyl Methacrylate Contact Lenses
                    7.4.5.1 Growing Demand for Hydrogel and Silicone Hydrogel Contact Lenses to Significantly Decrease the Adoption for Pmma Contact Lenses
    7.5 By Color Variation
           7.5.1 Opaque Contact Lenses
                    7.5.1.1 Opaque Contact Lenses Have Greater Market Demand as They Can Be Used for Aesthetic as Well as Therapeutic Purposes
           7.5.2 Enhancers/Tinted Contact Lenses
                    7.5.2.1 Enhancers/Tinted Contact Lenses are Best for People Who Have Light-Colored Eyes and Want to Make Their Eye Color More Intense
           7.5.3 Visibility Tinted Contact Lenses
                    7.5.3.1 Visibility Tinted Contact Lenses Help People See the Lens Better During Insertion and Removal
    7.6 By Application
           7.6.1 Conventional Contact Lenses
                    7.6.1.1 Increasing Prevalence of Myopia is One of the Major Factors Supporting the Demand for Conventional Contact Lenses
           7.6.2 Orthokeratology Contact Lenses
                    7.6.2.1 Technological Advancements in Gp Contacts and Rising Prevalence of Myopia to Drive the Demand for Contact Lenses in Orthokeratology Applications
           7.6.3 Decorative (Plano) Contact Lenses
                    7.6.3.1 Decorative Contact Lenses Market to Register A Growth Rate of 5.1% During the Forecast Period

8 Contact Lenses Market, By Distribution Channel (Page No. - 79)
    8.1 Introduction
    8.2 Retail Stores
           8.2.1 Retail Stores Accounted for the Largest Share of the Market in 2017
    8.3 Hospitals & Clinics
           8.3.1 Growing Number of Hospitals in Developing Countries to Drive the Growth of the Hospitals & Clinics Segment
    8.4 E-Commerce
           8.4.1 Growing Trend of Online Purchases to Drive Market Growth

9 Contact Lenses Market, By Region (Page No. - 84)
    9.1 Introduction
    9.2 North America
           9.2.1 US
                    9.2.1.1 The US to the Dominate Market During the Forecast Period of 2018 to 2023
           9.2.2 Canada
                    9.2.2.1 The Prevalence of Myopia in Canadian Children is on the Rise, Which Increases the Demand for Refractive Measures in Canada
    9.3 Asia Pacific
           9.3.1 Japan
                    9.3.1.1 Japan Accounted for the Second-Largest Share of the Market in 2017
           9.3.2 China
                    9.3.2.1 The Contact Lenses Industry in China is Highly Regulated, Serving as Major Challenge for Market Players to Compete in China
           9.3.3 India
                    9.3.3.1 The Presence of A Large Patient Population and Emergence of Local Players With Low-Priced Offerings of Drive the Growth of the Indian Market
           9.3.4 Rest of Asia Pacific (RoAPAC)
    9.4 Europe
           9.4.1 UK
                    9.4.1.1 Growing Preference for Contact Lenses Over Prescription Eyeglasses in the UK is A Major Factor Driving Market Growth
           9.4.2 Italy
                    9.4.2.1 Inflexible Regulations for Medical Devices in Italy Increase the Challenges for Contact Lens Manufacturers in the Country
           9.4.3 Germany
                    9.4.3.1 The Rising Prevalence of Refractive Errors Will Ensure A Steady Demand for Corrective Lenses in the German Market
           9.4.4 France
                    9.4.4.1 Shortage of Trained Ophthalmologists is A Major Challenge in France
           9.4.5 Spain
                    9.4.5.1 The Percentage Population Using Contact Lenses in Spain is Very Low, Reflecting High Growth Opportunities for Contact Lens Manufacturers
           9.4.6 Rest of Europe
    9.5 Latin America
    9.6 Middle East & Africa

10 Competitive Landscape (Page No. - 137)
     10.1 Introduction
     10.2 Product Portfolio Analysis
     10.3 Geographical Assessment of Major Players in the Market
     10.4 Market Share Analysis
             10.4.1 Market Share Analysis, 2017
     10.5 Competitive Situations and Trends

11 Company Profiles (Page No. - 143)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 Bausch + Lomb (Valeant Pharmaceuticals International)
     11.2 Alcon (Novartis International AG)
     11.3 Johnson & Johnson
     11.4 Carl Zeiss Meditec AG
     11.5 Hoya Corporation
     11.6 The Cooper Companies
     11.7 Seed Co., Ltd.
     11.8 Essilor Group
     11.9 Menicon Co., Ltd.
     11.10 Benq Materials Corporation

*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 172)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (160 Tables)

Table 1 Standard Currency Conversion Rates
Table 2 Number of People With Myopia (Million) and Myopia Prevalence (%), 2000–2050
Table 3 US Fda: Medical Device Classification
Table 4 Key Technologies in the Contact Lenses Market
Table 5 Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 6 Contact Lenses Market, By Model, 2016–2023 (USD Million)
Table 7 List of Some of the Major Brands of Daily Wear Contact Lenses
Table 8 Daily Wear Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 9 List of Some of the Major Brands of Extended Wear Contact Lenses
Table 10 Extended Wear Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 11 Traditional Wear Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 12 Contact Lenses Market, By Design, 2016–2023 (USD Million)
Table 13 List of Some of the Major Brands of Spherical Contact Lenses
Table 14 Spherical Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 15 List of Some of the Major Brands of Toric Contact Lenses
Table 16 Toric Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 17 List of Some of the Major Brands of Multifocal Contact Lenses
Table 18 Multifocal Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 19 Monovision Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 20 Cosmetic Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 21 Contact Lenses Market, By Material, 2016–2023 (USD Million)
Table 22 List of Some of the Major Brands of Silicone Hydrogel Contact Lenses
Table 23 Silicone Hydrogel Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 24 Hydrogel Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 25 Hybrid Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 26 Gas-Permeable Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 27 Polymethyl Methacrylate Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 28 Contact Lenses Market, By Color Variation, 2016–2023 (USD Million)
Table 29 Opaque Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 30 Enhancers/Tinted Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 31 Visibility Tinted Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 32 Contact Lenses Market, By Application, 2016–2023 (USD Million)
Table 33 Conventional Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 34 Orthokeratology Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 35 Decorative Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 36 Contact Lenses Market, By Distribution Channel, 2016–2023 (USD Million)
Table 37 Contact Lenses Market for Retail Stores, By Country, 2016–2023 (USD Million)
Table 38 Contact Lenses Market for Hospitals & Clinics, By Country, 2016–2023 (USD Million)
Table 39 Contact Lenses Market for E-Commerce, By Country, 2016–2023 (USD Million)
Table 40 Contact Lenses Market, By Region, 2016–2023 (USD Million)
Table 41 North America: Contact Lenses Market, By Country, 2016–2023 (USD Million)
Table 42 North America: Contact Lenses Market, By Model, 2016–2023 (USD Million)
Table 43 North America: Contact Lenses Market, By Design, 2016–2023 (USD Million)
Table 44 North America: Contact Lenses Market, By Material, 2016–2023 (USD Million)
Table 45 North America: Contact Lenses Market, By Color Variation, 2016–2023 (USD Million)
Table 46 North America: Contact Lenses Market, By Application, 2016–2023 (USD Million)
Table 47 North America: Contact Lenses Market, By Distribution Channel, 2016–2023 (USD Million)
Table 48 US: Key Macroindicators for the Market
Table 49 US: Contact Lenses Market, By Model, 2016–2023 (USD Million)
Table 50 US: Contact Lenses Market, By Design, 2016–2023 (USD Million)
Table 51 US: Contact Lenses Market, By Material, 2016–2023 (USD Million)
Table 52 US: Contact Lenses Market, By Color Variation, 2016–2023 (USD Million)
Table 53 US: Market, By Application, 2016–2023 (USD Million)
Table 54 US: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 55 Canada: Key Macroindicators for the Market
Table 56 Canada: Market, By Model, 2016–2023 (USD Million)
Table 57 Canada: Market, By Design, 2016–2023 (USD Million)
Table 58 Canada: Market, By Material, 2016–2023 (USD Million)
Table 59 Canada: Market, By Color Variation, 2016–2023 (USD Million)
Table 60 Canada: Market, By Application, 2016–2023 (USD Million)
Table 61 Canada: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 62 Asia Pacific: Market, By Country, 2016–2023 (USD Million)
Table 63 Asia Pacific: Market, By Model, 2016–2023 (USD Million)
Table 64 Asia Pacific: Market, By Design, 2016–2023 (USD Million)
Table 65 Asia Pacific: Market, By Material, 2016–2023 (USD Million)
Table 66 Asia Pacific: Market, By Color Variation, 2016–2023 (USD Million)
Table 67 Asia Pacific: Market, By Application, 2016–2023 (USD Million)
Table 68 Asia Pacific: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 69 Japan: Key Macroindicators for the Market
Table 70 Japan: Market, By Model, 2016–2023 (USD Million)
Table 71 Japan: Market, By Design, 2016–2023 (USD Million)
Table 72 Japan: Market, By Material, 2016–2023 (USD Million)
Table 73 Japan: Market, By Color Variation, 2016–2023 (USD Million)
Table 74 Japan: Market, By Application, 2016–2023 (USD Million)
Table 75 Japan: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 76 China: Key Macroindicators for the Market
Table 77 China: Market, By Model, 2016–2023 (USD Million)
Table 78 China: Market, By Design, 2016–2023 (USD Million)
Table 79 China: Market, By Material, 2016–2023 (USD Million)
Table 80 China: Market, By Color Variation, 2016–2023 (USD Million)
Table 81 China: Market, By Application, 2016–2023 (USD Million)
Table 82 China: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 83 India: Key Macroindicators for the Market
Table 84 India: Market, By Model, 2016–2023 (USD Million)
Table 85 India: Market, By Design, 2016–2023 (USD Million)
Table 86 India: Market, By Material, 2016–2023 (USD Million)
Table 87 India: Market, By Color Variation, 2016–2023 (USD Million)
Table 88 India: Market, By Application, 2016–2023 (USD Million)
Table 89 India: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 90 RoAPAC: Market, By Model, 2016–2023 (USD Million)
Table 91 RoAPAC: Market, By Design, 2016–2023 (USD Million)
Table 92 RoAPAC: Market, By Material, 2016–2023 (USD Million)
Table 93 RoAPAC: Market, By Color Variation, 2016–2023 (USD Million)
Table 94 RoAPAC: Market, By Application, 2016–2023 (USD Million)
Table 95 RoAPAC: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 96 Europe: Market, By Country, 2016–2023 (USD Million)
Table 97 Europe: Market, By Model, 2016–2023 (USD Million)
Table 98 Europe: Market, By Design, 2016–2023 (USD Million)
Table 99 Europe: Market, By Material, 2016–2023 (USD Million)
Table 100 Europe: Market, By Color Variation, 2016–2023 (USD Million)
Table 101 Europe: Market, By Application, 2016–2023 (USD Million)
Table 102 Europe: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 103 UK: Key Macroindicators for the Market
Table 104 UK: Market, By Model, 2016–2023 (USD Million)
Table 105 UK: Market, By Design, 2016–2023 (USD Million)
Table 106 UK: Market, By Material, 2016–2023 (USD Million)
Table 107 UK: Market, By Color Variation, 2016–2023 (USD Million)
Table 108 UK: Market, By Application, 2016–2023 (USD Million)
Table 109 UK: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 110 Italy: Key Macroindicators for the Market
Table 111 Italy: Market, By Model, 2016–2023 (USD Million)
Table 112 Italy: Market, By Design, 2016–2023 (USD Million)
Table 113 Italy: Market, By Material, 2016–2023 (USD Million)
Table 114 Italy: Market, By Color Variation, 2016–2023 (USD Million)
Table 115 Italy: Market, By Application, 2016–2023 (USD Million)
Table 116 Italy: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 117 Germany: Key Macroindicators for the Market
Table 118 Germany: Market, By Model, 2016–2023 (USD Million)
Table 119 Germany: Market, By Design, 2016–2023 (USD Million)
Table 120 Germany: Market, By Material, 2016–2023 (USD Million)
Table 121 Germany: Market, By Color Variation, 2016–2023 (USD Million)
Table 122 Germany: Market, By Application, 2016–2023 (USD Million)
Table 123 Germany: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 124 France: Key Macroindicators for the Market
Table 125 France: Market, By Model, 2016–2023 (USD Million)
Table 126 France: Market, By Design, 2016–2023 (USD Million)
Table 127 France: Market, By Material, 2016–2023 (USD Million)
Table 128 France: Market, By Color Variation, 2016–2023 (USD Million)
Table 129 France: Market, By Application, 2016–2023 (USD Million)
Table 130 France: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 131 Spain: Key Macroindicators for the Market
Table 132 Spain: Market, By Model, 2016–2023 (USD Million)
Table 133 Spain: Market, By Design, 2016–2023 (USD Million)
Table 134 Spain: Market, By Material, 2016–2023 (USD Million)
Table 135 Spain: Market, By Color Variation, 2016–2023 (USD Million)
Table 136 Spain: Market, By Application, 2016–2023 (USD Million)
Table 137 Spain: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 138 Geriatric Population (Aged 65 Years and Above) in RoE Countries
Table 139 RoE: Market, By Model, 2016–2023 (USD Million)
Table 140 RoE: Market, By Design, 2016–2023 (USD Million)
Table 141 RoE: Market, By Material, 2016–2023 (USD Million)
Table 142 RoE: Market, By Color Variation, 2016–2023 (USD Million)
Table 143 RoE: Market, By Application, 2016–2023 (USD Million)
Table 144 RoE: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 145 Latin America: Market, By Model, 2016–2023 (USD Million)
Table 146 Latin America: Market, By Design, 2016–2023 (USD Million)
Table 147 Latin America: Market, By Material, 2016–2023 (USD Million)
Table 148 Latin America: Market, By Color Variation, 2016–2023 (USD Million)
Table 149 Latin America: Market, By Application, 2016–2023 (USD Million)
Table 150 Latin America: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 151 Middle East & Africa: Market, By Model, 2016–2023 (USD Million)
Table 152 Middle East & Africa: Market, By Design, 2016–2023 (USD Million)
Table 153 Middle East & Africa: Market, By Material, 2016–2023 (USD Million)
Table 154 Middle East & Africa: Market, By Color Variation, 2016–2023 (USD Million)
Table 155 Middle East & Africa: Market, By Application, 2016–2023 (USD Million)
Table 156 Middle East & Africa: Market, By Distribution Channel, 2016–2023 (USD Million)
Table 157 Product Launches (2018)
Table 158 Acquisitions (2017–2018)
Table 159 Agreement and Partnerships (2016–2018)
Table 160 Expansions (2015–2018)


List of Figures (38 Figures)

Figure 1 Research Design
Figure 2 Primary Sources
Figure 3 Breakdown of Primary Interviews
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Market, By Model, 2018 vs 2023 (USD Million)
Figure 8 Market, By Design, 2018 vs 2023 (USD Million)
Figure 9 Market, By Material, 2018 vs 2023 (USD Million)
Figure 10 Market, By Application, 2018 vs 2023 (USD Million)
Figure 11 Market, By Distribution Channel, 2018 vs 2023 (USD Million)
Figure 12 Geographical Snapshot of the Market
Figure 13 Growing Prevalence of Myopia—Driving Market Growth
Figure 14 Developing Markets to Register Higher Growth During the Forecast Period
Figure 15 India to Grow at the Fastest Rate During Forecast Period
Figure 16 North America Will Continue to Dominate the Market Through 2023
Figure 17 Japan Commanded the Largest Share of the Asia Pacific Market in 2017
Figure 18 Growth in Geriatric Population, By Region, 2015–2050
Figure 19 Number of People With Myopia (Million) and Prevalence of Myopia (%), 2000–2050
Figure 20 Regional Snapshot
Figure 21 Geographic Growth Opportunities
Figure 22 North America: Market Snapshot
Figure 23 Asia Pacific: Market Snapshot
Figure 24 Europe: Contact Lenses Market
Figure 25 Key Developments in the Market Between 2015 and 2018
Figure 26 Product Portfolio Matrix
Figure 27 Geographical Revenue Mix: Contact Lenses Market (2017)
Figure 28 Market Share Analysis, By Key Player (2017)
Figure 29 Valeant Pharmaceuticals International: Company Snapshot (2017)
Figure 30 Novartis International AG: Company Snapshot (2017)
Figure 31 Johnson & Johnson: Company Snapshot (2017)
Figure 32 Carl Zeiss Meditec: Company Snapshot (2017)
Figure 33 Hoya Corporation: Company Snapshot (2018)
Figure 34 The Cooper Companies, Inc.: Company Snapshot (2017)
Figure 35 Seed Co., Ltd.: Company Snapshot (2018)
Figure 36 Essilor Group: Company Snapshot (2017)
Figure 37 Menicon Co., Ltd.: Company Snapshot (2018)
Figure 38 Benq Materials Corporation: Company Snapshot (2017)

To get more details on this report, Request FREE Sample

      This study involved four major activities in estimating the current size of the contact lenses market. Exhaustive secondary research was done to collect information on the market as well as its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the sizes of segments and subsegments.

      Secondary Research

      In the secondary research process, various secondary sources such as annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles by recognized authors; trade directories; and databases such as D&B Hoovers and Bloomberg Businessweek were referred to identify and collect information for this study.

      Primary Research

      The contact lenses market comprises several stakeholders such as contact lenses manufacturers, suppliers and distributors of contact lenses, research institutes and laboratories, and healthcare services providers (hospitals and public & private clinics). Primary sources from the supply side, including CEOs, managing director, vice presidents, marketing and sales directors, business development managers, technology and innovation directors of contact lenses manufacturing companies, suppliers, and distributors, have been considered. Demand-side primary sources include industry experts such as directors of hospitals and clinics, ophthalmic hospital & clinic managers, optometrists, professors, research scientists, and related key opinion leaders.

      Contact Lenses Market:Breakdown of Primaries

      To know about the assumptions considered for the study, download the pdf brochure

      Market Size Estimation

      Both top-down and bottom-up approaches were used to estimate and validate the total size of the contact lens market. These methods were also used to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

      • The key players in the industry and markets have been identified through extensive secondary research.
      • The industry’s market size, in terms of value, has been determined through primary and secondary research.
      • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

      Data Triangulation

      After arriving at the overall market size—using market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

      Objectives of the Study

      • To define, describe, and forecast the contact lenses market on the basis of product type (by model, design, material, colour variation, and application), distribution channel, and region
      • To provide detailed information about factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
      • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
      • To analyze market opportunities for stakeholders and provide details of the competitive landscape of key players
      • To forecast the size of the contact lenses market in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
      • To profile the key players in the contact lenses market and comprehensively analyze their core competencies2
      • To track and analyze competitive developments such as joint ventures, alliances, mergers, acquisitions, product/technology developments, and research & development activities of the leading players in the contact lenses market

      Note: 1. Micromarkets are defined as further segments and subsegments of the contact lenses market included in the report.
      2. Core competencies of the companies are captured in terms of their product portfolio, key developments, and strategies adopted to sustain their positions in the market.

      Scope of the Report

      Report Metric

      Details

      Market size available for years

      2016-2023

      Base year considered

      2017

      Forecast period

      2018-2023

      Forecast units

      Value (USD Million)

      Segments covered

      Products, Distribution Channels, and Regions

      Geographies covered

      North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa

      Companies covered

      Johnson & Johnson (US), Bausch + Lomb (US), Alcon, Inc. (US), Carl Zeiss Meditec AG (Germany), HOYA Corporation (Japan), The Cooper Companies, Inc. (CooperVision) (US),  SEED Co., Ltd. (Japan), ESSILOR Group (France), Menicon Co., Ltd. (Japan), and BenQ Materials Corporation (Taiwan)

      This research report categorizes the contact lenses market into the following segments and subsegments:

      Contact Lenses Market, by Product Type

      • By Model
        • Daily Wear Contact Lenses
        • Extended Wear Contact Lenses
        • Traditional Wear Contact Lenses
      • By Design                                             
        • Spherical Contact Lenses
        • Toric Contact Lenses
        • Multifocal Contact Lenses
        • Monovision Contact Lenses
        • Cosmetic Contact Lenses
      • By Material                                          
        • Polymethyl Methacrylate Contact Lenses
        • Silicone Hydrogel Contact Lenses
        • Hydrogel Contact Lenses
        • Hybrid Contact Lenses
        • Gas-permeable Lenses
      • By Colour Variation                                            
        • Opaque Contact Lenses
        • Enhancers/Tinted Contact Lenses
        • Visibility Tinted Contact Lenses
      • By Application                                     
        • Conventional Contact Lenses
        • Orthokeratology Contact Lenses
        • Decorative (Plano) Contact Lenses                 

      Contact Lenses Market, by Distribution Channel

      • Retail Stores
      • E-Commerce
      • Hospitals & Clinics

      Contact Lenses Market, by Region

      • North America
        • US
        • Canada
      • Europe
        • UK
        • Italy
        • Germany
        • France
        • Spain
        • Rest of Europe
      • Asia Pacific
        • Japan
        • China
        • India
        • Rest of Asia Pacific
      • Latin America
      • Middle East and Africa

      Available customizations

      With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

      Geographic Analysis

      • Further breakdown of the Rest of Europe contact lenses market into the Netherlands, Belgium, Switzerland, and other countries
      • Further breakdown of the Rest of Asia Pacific contact lenses market into Australia, New Zealand, South Korea, and other countries
      • Further breakdown of Latin America contact lenses market into Brazil, Mexico, and other countries

      Company Information

      • Detailed analysis and profiling of additional market players (up to 5)
      Report Code
      MD 6752
      Published ON
      Nov, 2018
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