Request Sample
Request Methodology
Description
Europe Contact Lens Market size is valued at USD x billion in 2021 and expected to reach USD x billion by 2028, growing at a CAGR of x% during the forecast period 2022-2028. This report studies Europe contact lens market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. The market is poised to grow at significant CAGR over 2022-2028 due to entry of market players into developing countries with the launch of newer products into market. Moreover, grow in prevalence of ophthalmic diseases, sophisticated healthcare infrastructure coupled with presence of skilled professionals, and manufacturing of advanced contact lens by the players are the major factors that are driving the growth of Europe contact lens market over the forecast timeframe. Europe contact lens market expanding at significant CAGR over 2022 to 2028 owing to increase in the adoption of contact lens. Based on application, conventional contact lens accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period. Players focusing on innovation of newer products and collaboration strategies to retain market position in Europe contact lens market. Moreover, PBI analyzed the market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Europe contact lens products.
Key Developments:
In April 2021, CooperVision has purchased No7 Contact Lenses, a company that designs and manufactures specialist contact lenses primarily for the UK market. The company will be part of the CooperVision Specialty EyeCare group, and will add to a portfolio of cutting-edge products used by eye care experts to address issues such as children’s myopia progression and uneven corneas.
In March 2021, The proposed acquisition of GrandVision by EssilorLuxottica has been authorised by the European Commission under the EU Merger Regulation. The approval is contingent on EssilorLuxottica’s complete compliance with its commitments. GrandVision is a significant optical store in Europe, whereas EssilorLuxottica sells leading eyewear brands such as Ray-Ban. A study has revealed that EssilorLuxottica may have harmed competing opticians’ access to EssilorLuxottica’s branded eyewear items in Belgium, Italy, and the Netherlands by obtaining a larger retail network.
