Europe Contact Lens Market Report Description:
Europe contact lens market report gives comprehensive outlook on contact lens across the region with special emphasis on key countries such as Germany, France, UK, Poland, Finland, Hungary, Italy, Belgium, Netherlands, and Rest of Europe. The report on Europe contact lens market gives historical, current, and future market sizes (US$ Mn) on the basis of design type, modality, material type, application, distribution channel, and region. This report studies Europe contact lens market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Europe contact lens market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Europe contact lens 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 Europe contact lens market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Europe contact lens products.
Europe Contact Lens Market:
The Europe contact lens market estimated to be valued US$ 2,439.6 Mn in 2018 and poised to grow at significant CAGR over 2019-2025 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.
Increase in the Adoption of Contact Lens for Cosmetic and Sports Application
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.
Germany Accounts for Larger Market Revenue Share in Europe Contact Lens 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.
Competition Assessment
Key player’s profiles in the Europe contact lens market include:
- Johnson & Johnson (US)
- Alcon, Inc. (US)
- CooperVision, Inc. (US)
- Bausch + Lomb (US)
- Carl Zeiss Meditech AG (Germany)
- Menicon Co., Ltd. (Japan)
Key Findings of the Report:
- Europe contact lens market expanding at significant CAGR over 2019 to 2025 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
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their 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 socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Detailed Segmentation
By Modality
- Weekly/Monthly
- Daily Wear
By Design Type
- Toric
- Multifocal
- Cosmetic
- Sphere
By Material Type
- Silicone Hydrogel
- Hydrogel
- Gas Permeable
- Hybrid
- PMMA
By Application
- Conventional Contact Lens
- Orthokeratology
- Decorative
By Distribution Channel
- Retail Stores
- Hospitals and Clinics
- E-commerce
Geography
- Europe
- Germany
- France
- UK
- Italy
- Poland
- Finland
- Hungary
- Belgium
- Netherlands
- Rest of Europe
