Europe Contact Lens Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Europe Contact Lens Market: By Modality Type (Daily Wear, Weekly/Monthly), By Design Type (Toric, Multifocal, Cosmetic, Sphere), By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, Hybrid, PMMA), By Application (Conventional, Orthokeratology, Decorative), By Distribution Channel (Retail Stores, Hospitals and Clinics, E-commerce), and Geography

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Report

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.

Europe Contact Lens Market

MARKET SUMMARY
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x
  • Study Period–  2022 – 2028
  • Base Year– 2021
  • CAGR– X%
  • Largest Market– Germany

Europe Contact Lens Market Analysis

  • Europe contact lens market report gives a comprehensive outlook across the region with special emphasis on key countries such as Germany, France, UK, Poland, Finland, Hungary, Italy, Belgium, Netherlands, and the Rest of Europe.
  • The report gives historical, current, and future market sizes (US$ Mn) on the basis of design type, modality, material type, application, distribution channel, and region.
Market Leaders
  • Johnson & Johnson (US)
  • Alcon, Inc. (US)
  • CooperVision, Inc. (US)
  • Bausch + Lomb (US)
  • Carl Zeiss Meditech AG (Germany)
  • Menicon Co., Ltd. (Japan)
Europe Contact Lens Market

Drivers and Restraints

Increase in the adoption of contact lens for cosmetic and sports application is a key factor drive the Europe contact lens market over the forecast timeframe. Moreover, rise in prevalence of ophthalmic diseases, launch of newer products into market, sophisticated healthcare infrastructure in developed and developing countries, and grow in disposable income are anticipated to propel the Europe contact lens market over the forecast years.


Europe Contact Lens Market

Germany dominates the market

Germany accounted for larger revenue share in Europe contact lens market with significant CAGR. Increase in prevalence of ophthalmic diseases such as myopia and astigmatism, rise in R&D activities for the development of advanced contact lens are anticipated to propel the market. France contact lens market projected to grow at significant rate owing to increase in disposable income, increase in adoption of contact lens for cosmetic and sports applications, and expansion of business by the market players are expected to enhance the market.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2016-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis
Europe Contact Lens Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • Johnson & Johnson (US)
  • Alcon, Inc. (US)
  • CooperVision, Inc. (US)
  • Bausch + Lomb (US)
  • Carl Zeiss Meditech AG (Germany)
  • Menicon Co., Ltd. (Japan)

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.

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