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Analysis of Contact Lenses Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

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The “Contact Lenses Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Contact Lenses market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Contact Lenses market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The growth of the global contact lens market is due to the increasing prevalence of optical disorders, increasing tendency to enhance aesthetics, and increasing disposable incomes. As of 2017, according to WHO estimates, age-related macular degeneration (AMD) ranked third among the global causes of visual impairment, with the prevalence of blindness being 8.7%. It is the primary cause of visual deficiency in industrialized countries. Additionally, an emerging important cause of visual impairment in the developed regions of the world is uncorrected refractive errors.
  • According to the 2010 assessment by WHO, cataract was responsible for 51% of world blindness, which represented approximately 20 million people. Due to increasing life expectancy, particularly in the developed region of the world, the number of people with cataract is anticipated to grow. Consequently, cataract is an important cause of low vision in both developed and developing countries. A higher disposable income translates to greater spending in all areas of personal expense. The increasing disposable income in the developed countries is prompting the purchase of low-priority commodities, specifically those pertaining to cosmetics. Consequently, increasing disposable income in developed countries is a driver for the growth of the global contact lens market.

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    In Contact Lenses Market Report, Following Companies Are Covered:

  • Staar Surgical
  • Novartis AG
  • Bausch Health Companies Inc.
  • Zeiss Group
  • The Cooper Companies
  • Essilor International SA
  • Hoya Corporation
  • Haohai Biological Technology
  • Johnson & Johnson Vision Care Inc..
  • SynergEyes Inc.

    Contact Lenses Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • Contact lenses not only serve the need to alleviate the use of hard-to-manage and bulky spectacles, but also provide the added benefit of enhancing one’s aesthetic appeal. The increasing innovations in the production of contact lenses during the past decade have led to the use of various materials for producing lenses that serve multiple purposes. Contact lenses are also used to treat common eye disorders, such as myopia, hypermetropia, presbyopia, astigmatism, and glaucoma.

    Reasons for Buying Contact Lenses Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Rigid Gas Permeable Contact Lenses Segment is Expected to Exhibit the Fastest Growth Rate over the Forecast Period

    A rigid gas permeable lens is also known as RGP lens or GP lens. It is a rigid contact lens made of oxygen-permeable polymers. They are porous and allow the oxygen to pass through them. These rigid lenses are able to replace the natural shape of the cornea with a new refracting surface. Since their introduction, these lenses have essentially replaced non-porous polymethyl methacrylate (PMMA) contact lenses.

    These lenses often provide sharper vision than soft and silicone hydrogel contacts, especially if someone has astigmatism. It usually takes some time for the eyes to adjust to these lenses, but after this initial adaptation period, most people find that these lenses are as comfortable as hydrogel lenses.

    Although these lenses have dominated the market earlier, they have lost significant value in the past two decades with the advancement of soft lenses in the market. Hence, they are much more cost effective and generally last long when taken care of properly, as long as one does not require a prescription change. This may be a driving factor for the forecast period.

    North America Captured the Largest Market Share and is Expected to Retain its Dominance

    North America holds the largest share in the global contact lenses market with the United States being the largest contributor to its revenue. The United States is one of the major countries in the contact lens market, due to the healthcare facilities available in the country and high healthcare conditions. Factors, such as the presence of geriatric population and the prevalence of eye diseases and injuries, in terms of contact lens market, are primarily fueling the growth.

    The National Eye Institute has estimated that over 2.9 million US residents were detected with low vision in 2014. The number is projected to increase further and is expected to reach around 5 million by the year 2030. In addition to this, as per a report by the US Centre of Disease Control and Prevention, about 40.9 million wearers of contact lenses were aged 18 or older, accounting for about 16.7% of the adult population in the United States in 2015. This increase is anticipated to accelerate the growth of contact lenses wearers in the country over the forecast period.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Contact Lenses create from those of established entities?

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    Detailed TOC of Contact Lenses Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Prevalence of Optical Disorders
    4.3.2 Increasing Tendency to Enhance Aesthetics
    4.3.3 Increasing Disposable Incomes
    4.4 Market Restraints
    4.4.1 Availability of Alternative Techniques
    4.4.2 Complications Associated with Lens
    4.5 Industry Attractiveness Porter’s Fives Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Product Type
    5.1.1 Soft Contact Lenses
    5.1.2 Hybrid Contact Lenses
    5.1.3 Rigid Gas Permeable Contact Lenses
    5.1.4 Other Product Types
    5.2 By Usage
    5.2.1 Corrective Contact Lenses
    5.2.2 Therapeutic Contact Lenses
    5.2.3 Cosmetic Contact Lenses
    5.2.4 Prosthetic Contact Lenses
    5.3 By Modality
    5.3.1 Conventional
    5.3.2 Disposable
    5.3.2.1 Daily
    5.3.2.2 Monthly
    5.3.2.3 Other Disposable Modalities
    5.4 By Design
    5.4.1 Spherical
    5.4.2 Toric
    5.4.3 Multifocal
    5.4.4 Other Designs
    5.5 By Distribution Channel
    5.5.1 Spectacle Stores
    5.5.2 Online Store
    5.5.3 Other Distribution Channels
    5.6 Geography
    5.6.1 North America
    5.6.1.1 United States
    5.6.1.2 Canada
    5.6.1.3 Mexico
    5.6.2 Europe
    5.6.2.1 United Kingdom
    5.6.2.2 Germany
    5.6.2.3 France
    5.6.2.4 Italy
    5.6.2.5 Spain
    5.6.2.6 Rest of Europe
    5.6.3 Asia-Pacific
    5.6.3.1 China
    5.6.3.2 Japan
    5.6.3.3 India
    5.6.3.4 Australia
    5.6.3.5 South Korea
    5.6.3.6 Rest of Asia-Pacific
    5.6.4 Middle East & Africa
    5.6.4.1 GCC
    5.6.4.2 South Africa
    5.6.4.3 Rest of Middle East & Africa
    5.6.5 South America
    5.6.5.1 Brazil
    5.6.5.2 Argentina
    5.6.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Staar Surgical
    6.1.2 Novartis AG
    6.1.3 Bausch Health Companies Inc.
    6.1.4 Zeiss Group
    6.1.5 The Cooper Companies
    6.1.6 Essilor International SA
    6.1.7 Hoya Corporation
    6.1.8 Haohai Biological Technology
    6.1.9 Johnson & Johnson Vision Care Inc..
    6.1.10 SynergEyes Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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