The global Contact Lenses market garnered revenue around USD 7.5 Billion in 2020 and projected to reach USD 10.9 Billion in 2027, with at a compound annual growth rate (CAGR) of 7.2% throughout the estimate period from 2020 to 2027. Market growth is driven mainly by the growing prevalence of myopia, increasing preference for contact lenses over prescription eyeglasses, and the growing geriatric population worldwide.
The untapped emerging economies are expected to provide growth opportunities for players in the contact lenses market. On the other hand, the shortage of ophthalmologists and regulatory barriers are expected to challenge market growth to a certain extent in the coming years. In this report, the contact lenses market is segmented based on products and distribution channels.
This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.
The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Contact Lenses market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Contact Lenses market growth.
The global Contact Lenses market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.
Major manufacturers analysed under this study comprises:
The market is dominated by a few globally established players such as Johnson & Johnson (US), CooperVision (US), Alcon (Switzerland), Carl Zeiss Meditec AG (Germany), and Hoya Corporation (Japan).
This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:
By Products
- By usage
- Daily Wear
- Extended Wear
- Traditional Wear
- By design
- Spherical
- Toric
- Multifocal
- Monovision
- Cosmetic
- By material
- Silicone hydrogel
- Hydrogel
- Gas permeable
- Hybrid
- PMMA
- By color 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
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
North America
Europe
- Germany
- United Kingdom
- Italy
- France
- Rest of EU
Asia Pacific
- China
- India
- Japan
- Southeast Asia
- Rest of APAC
Central & South America
- Brazil
- Argentina
- Rest of Central & South America
Middle East and Africa
- UAE
- Saudi Arabia
- Rest of MEA
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