Contact Lenses Market Set to Exceed USD 18.9 billionby 2026 | CAGR 19.7%
Forecast to 2020
Contact Lenses Market Size to Reach 18.9 Billion by 2026
“Contact Lenses Market [By Product Type (Soft Lens, Hybrid Lens, Rigid Gas Permeable (RGP) Lens); By Design Type (Toric, Spherical, Multifocal, Others); By Usage (Corrective, Therapeutic, Cosmetic/Lifestyle, Prosthetic) By Regions]: Market Size & Forecast, 2017 – 2026” According to a new study published by Polaris Market Research the global contact lenses market is anticipated to reach USD 18.9 billion by 2026. Once of the key factor driving the contact lenses market is to enhance aesthetic appearance by using them as fashion accessory particularly, by the youth population. Also, constant development in technology of product materials and given a boost to colored or decorative contact lenses, which is further anticipated to influence the demand. Moreover, the rising incidences of visual imparities such as myopia, presbyopia, hyperopia and astigmatism is propelling the market growth. The World Health Organization, in 2015, estimated that approximately 1.9 billion people across the globe have been affected by myopia and the number is anticipated to be more than 2 billion by 2020. Thus, the demand for contact lenses during the forecast period will experience a growth. The contact lenses manufacturers and vendors are appealed by the high profit margins offered by the contact lenses thus, boosting its manufacturing as well as enhancing the network of distribution. Also, advancements in technology in form of material will provide new opportunities to the manufacturers with time. By type segment, the Rigid Gas Permeable (RGP) Lenses was valued over USD 800 million in 2017 owing to factors including, sharp vision, high oxygen permeability, cost-effectiveness in the long run, and durability.
Browse Detailed Research Report On Contact Lenses Market Analysis: https://www.polarismarketresearch.com/industry-analysis/contact-lenses-market The contact lenses market by usage type is segmented into Corrective, Therapeutic, Cosmetic, Prosthetic, and Lifestyle-oriented. The corrective lenses usage segment is currently growing at a CAGR of more than 6.2%. The demand is attributed to its various applications. Whereas, cosmetic lenses segment is expected to witness high growth during the forecast period. On the basis of design, the hybrid lens segment is anticipated to experience a noteworthy growth as it is a combination of both soft lenses and rigid gas permeable lenses. Thus, it provides comfort of soft lenses coupled with the visual clarity offered by rigid gas permeable lenses. The growth of hybrid lenses segment is expected to propel with the increased demand from people with keratoconus and astigmatism conditions.
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Contact Lenses Market Size to Reach 18.9 Billion by 2026
The North America market holds the largest share owing to presence of better eye care treatment facilities as increasing elderly population. Although, the Asia Pacific market is expected to bolster with a high CAGR attributed to the increased awareness regarding contact lenses among the population as well as their increasing ability for healthcare spending. The key strategies adopted by the market players include long-term partnerships among the other players in supply chain particularly, distributors and suppliers with an aim to increase their geographical footprint. For instance, in 2016, Vision Direct Group Ltd. was acquired by Essilor International S.A. for the enhancement of its online retailing business presence. Major industry players include Alcon Laboratories, Inc., Abbott Medical Optics, Inc., Bausch + Lomb, Incorporated, Carl Zeiss AG, CooperVision, Inc., Contamac U.S., Inc., Hoya Corporation, Essilor International S.A., Medennium and Johnson & Johnson Vision Care, Inc. among others.
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Table of Contents 1. Overview and Scope 1.1. Research goal & scope 1.2. Research assumptions 1.3. Research Methodology 1.3.1. Primary data sources 1.3.2. Secondary data sources 1.4. Key take-aways 1.5. Stakeholders -3-
Contact Lenses Market Size to Reach 18.9 Billion by 2026
2. Executive Summary 2.1. Market Definition 2.2. Market Segmentation 3. Contact Lenses Market Insights 3.1. Contact Lenses – Industry snapshot 3.2. Contact Lenses - Ecosystem analysis 3.3. Contact Lenses market dynamics 3.3.1. Contact Lenses – Market Forces 3.3.1.1. Contact Lenses Market driver analysis 3.3.1.2. Contact Lenses Market restraint/challenges analysis 3.3.1.3. Contact Lenses Market opportunity analysis 3.3.2. Industry analysis - Porter's five force 3.3.2.1. Bargaining power of supplier 3.3.2.2. Bargaining power of buyer 3.3.2.3. Threat of substitute 3.3.2.4. Threat of new entrant 3.3.2.5. Degree of competition 3.3.3. Contact Lenses market PEST analysis, 2017 3.3.4. Value Chain Analysis 3.3.5. Contact Lenses Industry trends 3.3.6. Competitive Ranking Analysis 4. Contact Lenses Market Size and Forecast by Product Type 4.1. Key findings 4.2. Rigid Gas Permeable Lens 4.2.1. Global market estimates and forecasts, 2017 - 2026 4.3. Hybrid Lens 4.3.1. Global market estimates and forecasts, 2017 – 2026 4.4. Soft Lens 4.4.1. Global market estimates and forecasts, 2017 – 2026 5. Contact Lenses Market Size and Forecast by Design Type 5.1. Key findings 5.2. Spherical Lenses 5.2.1. Global market estimates and forecasts, 2017 - 2026 5.3. Toric Lenses 5.3.1. Global market estimates and forecasts, 2017 – 2026 5.4. Multifocal Lenses 5.4.1. Global market estimates and forecasts, 2017 – 2026 5.5. Others 5.5.1. Global market estimates and forecasts, 2017 – 2026 6. Contact Lenses Market Size and Forecast by Usage Type 6.1. Key findings 6.2. Corrective Lens 6.2.1. Global market estimates and forecasts, 2017 - 2026 6.3. Therapeutic Lens 6.3.1. Global market estimates and forecasts, 2017 – 2026 6.4. Cosmetic Lens 6.4.1. Global market estimates and forecasts, 2017 - 2026 -4-
Contact Lenses Market Size to Reach 18.9 Billion by 2026
6.5. Prosthetic Lens 6.5.1. Global market estimates and forecasts, 2017 - 2026 6.6. Lifestyle-oriented Lens 6.6.1. Global market estimates and forecasts, 2017 - 2026 7. Contact Lenses Market Size and Forecast by Regions 7.1. Key findings 7.2. North America 7.2.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.2.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.2.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.2.4. U.S. 7.2.4.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.2.4.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.2.4.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.2.5. Canada 7.2.5.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.2.5.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.2.5.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.3. Europe 7.3.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.3.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.3.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.3.4. Germany 7.3.4.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.3.4.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.3.4.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.3.5. UK 7.3.5.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.3.5.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.3.5.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.3.6. France 7.3.6.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.3.6.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.3.6.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.3.7. Italy 7.3.7.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.3.7.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.3.7.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.4. Asia Pacific 7.4.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.4.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.4.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.4.4. China 7.4.4.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.4.4.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.4.4.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.4.5. South Korea -5-
Contact Lenses Market Size to Reach 18.9 Billion by 2026
7.4.5.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.4.5.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.4.5.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.4.6. Japan 7.4.6.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.4.6.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.4.6.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.4.7. India 7.4.7.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.4.7.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.4.7.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.5. Latin America 7.5.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.5.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.5.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.5.4. Brazil 7.5.4.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.5.4.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.5.4.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.5.5. Mexico 7.5.5.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.5.5.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.5.5.3. Contact Lenses market by usage (USD Million), 2017 - 2026 7.6. Middle East & Africa 7.6.1. Contact Lenses market by type (USD Million), 2017 - 2026 7.6.2. Contact Lenses market by design (USD Million), 2017 - 2026 7.6.3. Contact Lenses market by usage (USD Million), 2017 - 2026 8. Company Profiles 8.1. Johnson & Johnson Vision Care, Inc. 8.1.1. Overview 8.1.2. Financials 8.1.3. Product Benchmarking 8.1.4. Recent Developments 8.2. Medennium 8.2.1. Overview 8.2.2. Financials 8.2.3. Product Benchmarking 8.2.4. Recent Developments 8.3. Essilor International S.A. 8.3.1. Overview 8.3.2. Financials 8.3.3. Product Benchmarking 8.3.4. Recent Developments 8.4. Hoya Corporation 8.4.1. Overview 8.4.2. Financials 8.4.3. Product Benchmarking -6-
Contact Lenses Market Size to Reach 18.9 Billion by 2026
8.4.4. Recent Developments 8.5. Contamac U.S., Inc. 8.5.1. Overview 8.5.2. Financials 8.5.3. Product Benchmarking 8.5.4. Recent Developments 8.6. CooperVision, Inc. 8.6.1. Overview 8.6.2. Financials 8.6.3. Product Benchmarking 8.6.4. Recent Developments 8.7. Carl Zeiss AG 8.7.1. Overview 8.7.2. Financials 8.7.3. Product Benchmarking 8.7.4. Recent Developments 8.8. Bausch + Lomb, Incorporated 8.8.1. Overview 8.8.2. Financials 8.8.3. Product Benchmarking 8.8.4. Recent Developments 8.9. Abbott Medical Optics, Inc. 8.9.1. Overview 8.9.2. Financials 8.9.3. Product Benchmarking 8.9.4. Recent Developments 8.10. Alcon Laboratories, Inc. 8.10.1. Overview 8.10.2. Financials 8.10.3. Product Benchmarking 8.10.4. Recent Developments Access Press Release on Contact Lenses Market: https://www.polarismarketresearch.com/press-releases/global-contact-lenses-market About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. -7-
Contact Lenses Market Size to Reach 18.9 Billion by 2026
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