The latest report on the Contact Lenses Market is 250 pages long and includes a number of tables and figures. This report covers the period from 2023 to 2030 and offers valuable insights into the market landscape.
Global Contact Lenses Market to reach USD 11.7 billion by 2027. Global Contact Lenses Market is valued approximately USD 7.4 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.70 % over the forecast period 2021-2027.
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Contact lenses are basically ocular prosthetic devices or thin lenses that can be directly used on the surface of eyes. Contact lenses can be used to correct vision, therapeutic and cosmetic reasons. Increasing geriatric population drives the market growth of contact lenses, as due to growing age the eyesight gets affected and major eye disorders take place. For instance, in 2019, according to the United Nations, the world geriatric population (above 65) is increasing globally during 2019- 2050. It states that geriatric population in Sub-Saharan Africa was 5 percent which is forecasted to grow with a percentage of about 7. Whereas in Central and southern Asia it was only 17 % which is projected to increase with a percentage of 21 percent. Moreover, rising cases of myopia and other eye disorders pushes the market growth of contact lenses. However, decreasing number of ophthalmologists impedes the growth of the market over the forecast period of 2021-2027. Also, increasing preference towards contact lenses over eyeglasses is likely to increase the market growth during the forecast period.
The regional analysis of global Contact Lenses Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to rising innovation in the designs and technology advancement, increasing trend of opting for contact lenses over traditional glasses. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing geriatric population and rising cases of myopia and other eye disorders would create lucrative growth prospects for the Contact Lenses Market across Asia-Pacific region.
Key Companies Covered in the Contact Lenses Market Research are SYNERGEYES, CONFORMA LABORATORIES, FRESHLADY CONTACT LENSES, ABB OPTICAL GROUP, X-CEL SPECIALTY CONTACTS, ST. SHINE OPTICAL, BESCON, NEO VISION, CLEARLAB, CAMAX OPTICAL CORPORATION and other key market players.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Usage:
Daily Wear
Extended Wear
Traditional Wear
By Design:
Spherical
Toric
Multifocal
Monovision
Cosmetic
By Material:
Silicone hydrogel
Hydrogel
Gas permeable
Hybrid
PMMA e
By Colour Variation:
Opaque contact lenses
Enhanced contact lenses
Visibility tinted contact lenses
By Application:
Conventional
Orthokeratology
Decorative
By Distribution Channel:
Retail stores
Hospitals & clinics
E-commerce
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Contact Lenses Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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Core Chapters:
Chapter 1: Introduction: This chapter outlines the scope of the report and provides an executive summary of the different market segments, including the market size, future development potential, and evolution of the market in the short to mid-term and long term.
Chapter 2: Competitive Landscape: Here, we conduct a detailed analysis of the competitive landscape of market manufacturers, including price, output, and revenue market share, latest development plans, mergers, and acquisition information.
Chapter 3: Production and Value Analysis: This chapter provides a quantitative analysis of the production/output and value of market by region/country, identifying the market size and development potential of each region in the next six years.
Chapter 4: Consumption Analysis: We analyze the consumption of market in different regions and countries, introducing the market development, future prospects, market space, and capacity of each country in the world.
Chapter 5: Product Segment Analysis: This chapter provides an analysis of various market segments according to product type, covering the market size and development potential of each market segment.
Chapter 6: Application Segment Analysis: We analyze various market segments according to application, covering the market size and development potential of each market segment.
Chapter 7: Company Profiles: This chapter provides detailed profiles of key players in the market, including product production/output, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Industrial Chain Analysis: Here, we analyze the industrial chain, including the upstream and downstream of the industry.
Chapter 9: Sales Channel Analysis: We analyze the sales channel, distributors, and customers in this chapter.
Chapter 10: Market Dynamics Analysis: This chapter introduces the market dynamics, latest developments, driving factors, restrictive factors, challenges, and risks faced by manufacturers in the industry, along with an analysis of relevant policies.
Chapter 11: Production and Supply Forecast: We provide a production and supply forecast for the global and regional market.
Chapter 12: Consumption and Demand Forecast: This chapter provides a consumption and demand forecast for the global and regional market.
Chapter 13: Type and Application Forecast: We provide a quantitative analysis of the market size and development potential of each market segment in the next six years.
Chapter 14: Conclusion: Finally, we present the main points and conclusions of the report, providing readers with a comprehensive understanding of the market and its potential growth prospects.
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