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Global Contact Lens Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

Global 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

Global Contact Lens Market Report Description:

Global contact lens market report gives comprehensive outlook on contact lens across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global 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 global 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, global 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 global 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 global contact lens market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global contact lens products.

 

Global Contact Lens Market:

The global Contact Lens market estimated to be valued US$ 10,105.5 Mn in 2018 and poised to grow at significant CAGR over 2019-2025 due to increase in prevalence of ophthalmic diseases such as myopia, glaucoma, presbyopia, and astigmatism. Moreover, rise in global geriatric population, launch of advanced of contact lens into market, and increase in the adoption of contact lens for cosmetic and sports application are the major factors that are driving the growth of global contact lens market over the forecast timeframe.

 

Increase in the Prevalence of Ophthalmic Diseases   

Increase in the prevalence of ophthalmic diseases coupled with rise in geriatric population most prone for ophthalmic disorders is a key factor drive the global contact lens market. For instance, According to WHO, between 2015 and 2050, the proportion of the world’s population over 60 years will nearly double from 12% to 22%. Moreover, launch of newer products into market, sophisticated healthcare infrastructure in developed and developing countries, and grow in disposable income are anticipated to propel the global contact lens market over the forecast years.

 

North America Accounts for Larger Market Revenue Share in Global Contact Lens Market

North America accounted for larger revenue share in global 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 in U.S. and Canada are anticipated to propel the market. Europe contact lens market projected to grow at significant rate owing to increase in favorable reimbursement policies, 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 global contact lens market include:

  • Johnson & Johnson (US)
  • Alcon, Inc. (US)
  • CooperVision, Inc. (US)
  • Bausch + Lomb (US)
  • Carl Zeiss Meditech AG (Germany)
  • HOYA Corporation (Japan)
  • St Shine Optical Co Ltd (Taiwan)
  • Menicon Co., Ltd. (Japan)
  • Ginko International (China)

 

Key Findings of the Report:

 

  • Global contact lens market expanding at significant CAGR over 2019 to 2025 owing to increase in the prevalence of ophthalmic diseases
  • 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 global 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

North America

  • US
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Poland
  • Finland
  • Hungary
  • Belgium
  • Netherlands
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East and Africa (MEA)

  • Saudi Arabia
  • South Africa
  • Rest of MEA

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