Market Research Reports

Contact Lens Market (Gas Permeable Contact Lens and Soft Contact Lens) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

113pages
Published Date: 2014-02-10
 

Description


Contact lens are medical devices that offer convenience, confidence and self-esteem to the people who need vision correction. Factors such as rising ophthalmic disorders, vision problem and changing lifestyle accentuates the uptake of contact lens market during the forecast period. In addition, therapeutic, aesthetic and cosmetic are the major reasons driving the growth of contact lens market globally. The contact lens market is further segmented as by characteristics (gas-permeable and soft contact lens), by design (spherical, toric, soft, multifocal, cosmetic and orthokeratology contact lens) and by usage (corrective, therapeutic, post-operative, cosmetic, enhancement, opaque and special effect, prosthetic, computer, D-segment, sports and custom-made). The report includes market estimations of the global contact lens market in terms of value (USD million) for the period 2013 – 2019, considering 2012 as the base year. In addition, current market trends and recent developments are taken into consideration while determining the growth rate of the global contact lens market. The report provides market size and forecasts for each segment and geographic region with CAGR % for the period from 2013 to 2019.

The market is also forecasted in terms of value (USD million) for the period 2013 – 2019 for four major geographic regions, namely North America, Europe, Asia-Pacific and Rest of the World (RoW). A detailed qualitative analysis of the factors responsible for driving and restraining the growth of the contact lens market and future opportunities are provided in the report. A PESTLE analysis has also been done while estimating individual geographies in order to provide current as well as future status. A list of recommendations for existing as well as new entrants has been discussed in the study which would help in decision making.

Some of the key market players of the global contact lens market include Alcon, Inc., Bausch and Lomb, Inc., CooperVision, Inc., Johnson and Johnson and others. Market players are profiled in this report on the basis of attributes such as company overview, financial overview, business strategies adopted by the companies to ensure sustainability and maximize profits, product portfolio and recent developments. 

Table of Contents


Table of Content

Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
      1.3.1 Sources
               1.3.1.1 Secondary Research
               1.3.1.2 Primary Research
               1.3.1.3 Models
               1.3.1.4 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Contact Lens Market (2012 & 2019)
2.2 Global Contact Lens Market, by Characteristics, 2012 (USD Million)
2.3 Global Contact Lens Market, by Usage, 2012 (USD Million)

Chapter 3 Market Overview
3.1 Overview
3.2 Market Dynamics
      3.2.1 Market Drivers
               3.2.1.1 Advent of novel technologies
               3.2.1.2 Increasing number of people opting for contact lenses as compared to eye glasses
      3.2.2 Market Restraints
               3.2.2.1 Long term use of contact lenses may cause side effects
               3.2.2.2 High costs of contact lenses
3.3 Opportunities
      3.3.1 Investing in emerging economies
3.4 Porter’s Five Forces Analysis
      3.4.1 Bargaining power of buyers - High
      3.4.2 Bargaining power of suppliers - Medium
      3.4.3 Threat of new entrants - Low
      3.4.4 Threat of substitutes - Low
      3.4.5 Competitive rivalry - High
3.5 Market Attractiveness Analysis: Global Endocrine Technologies Market, by Geography
3.6 Market Share by Key Players of Global Contact Lens Market, 2012
      3.6.1 Global Contact Lens Market Share Analysis, by Key Players, 2012 (%)

Chapter 4 Contact Lens Market, by Characteristics
4.1 Overview
      4.1.1 Global Contact Lens Market, by Characteristics, 2011 – 2019 (USD Million)
      4.1.2 Comparative Analysis: Types of Contact Lens
4.2 Gas-Permeable Contact Lens
      4.2.1 Global Gas-Permeable Contact Lens Market, 2011 – 2019 (USD Million)
4.3 Soft Contact Lens
      4.3.1 Global Soft Contact Lens Market, by Types, 2011 – 2019 (USD Million)
      4.3.2 Daily Disposable Contact Lens
              4.3.2.1 Global Daily Disposable Contact Lens Market, 2011 – 2019 (USD Million)
      4.3.3 Extended Wear Contact Lens
               4.3.3.1 Global Extended Wear Contact Lens Market, 2011 – 2019 (USD Million)
      4.3.4 Weekly Replacement Contact Lens
              4.3.4.1 Global Weekly Replacement Contact Lens Market, 2011 – 2019 (USD Million)
      4.3.5 Monthly Replacement Contact Lens
              4.3.5.1 Global Monthly Replacement Contact Lens Market, 2011 – 2019 (USD Million)
      4.3.6 Annual Replacement Contact Lens
              4.3.6.1 Global Annual Replacement Contact Lens Market, 2011 – 2019 (USD Million)
      4.3.7 Unplanned Replacement Schedule Contact Lens
              4.3.7.1 Global Unplanned Replacement Schedule Contact Lens Market, 2011 – 2019 (USD Million)

Chapter 5 Contact Lens Market, by Design
5.1 Overview
      5.1.1 Global Contact Lens Market, by Design 2011 – 2019 (USD Million)
5.2 Spherical Contact Lens
      5.2.1 Global Spherical Contact Lens Market, 2011 – 2019 (USD Million)
5.3 Toric Contact Lens
      5.3.1 Global Toric Contact Lens Market, 2011 – 2019 (USD Million)
5.4 Multifocal Contact Lens
      5.4.1 Global Multifocal Contact Lens Market, 2011 – 2019 (USD Million)
5.5 Orthokeratology Contact Lens
      5.5.1 Global Orthokeratology Contact Lens Market, 2011 – 2019 (USD Million)

Chapter 6 Contact Lens Market, by Usage
6.1 Overview
      6.1.1 Global Contact Lens Market, by Usage 2011 – 2019 (USD Million)
6.2 Corrective Lens
      6.2.1 Global Corrective Lens Market, 2011 – 2019 (USD Million)
6.3 Therapeutic Contact Lens
      6.3.1 Global Therapeutic Contact Lens Market, 2011 – 2019 (USD Million)
6.4 Post-Operative Therapeutic Contact Lens
      6.4.1 Global Post-Operative Therapeutic Contact Lens Market, 2011 – 2019 (USD Million)
6.5 Cosmetic Lens
      6.5.1 Global Cosmetic Lens Market, 2011 – 2019 (USD Million)
6.6 Enhancement Tints
      6.6.1 Global Enhancement Tints Market, 2011 – 2019 (USD Million)
6.7 Opaque and Special effect Contact Lens
      6.7.1 Global Opaque and Special effect Contact Lens Market, 2011 – 2019 (USD Million)
6.8 Prosthetic Contact Lens
      6.8.1 Global Prosthetic Contact Lens Market, 2011 – 2019 (USD Million)
6.9 Computer Lens
      6.9.1 Global Computer Lens Market, 2011 – 2019 (USD Million)
6.10 Sports Lens
       6.10.1 Global Sports Lens Market, 2011 – 2019 (USD Million)
6.11 Custom-made Contact Lens
       6.11.1 Global Custom-made Contact Lens Market, 2011 – 2019 (USD Million)
6.12 D-Segment Contact Lens
       6.12.1 Global D-Segment Contact Lens Market, 2011 – 2019 (USD Million)

Chapter 7 Contact Lens Market, by Geography
7.1 Overview
      7.1.1 Global Contact Lens Market, by Geography 2011 – 2019 (USD Million)
7.2 North America
      7.2.1 North America Contact Lens Market, 2011 – 2019 (USD Million)
7.3 Europe
      7.3.1 Europe Contact Lens Market, 2011 – 2019 (USD Million)
7.4 Asia-Pacific
      7.4.1 Asia-Pacific Contact Lens Market, 2011 – 2019 (USD Million)
7.5 Rest of the World (RoW)
      7.5.1 RoW Contact Lens Market, 2011 – 2019 (USD Million)

Chapter 8 Recommendations
8.1 Focus on emerging technologies
8.2 Investing in emerging markets

Chapter 9 Company Profiles
9.1 Abbott Medical Optics, Inc.
      9.1.1 Company Overview
      9.1.2 Financial Overview
      9.1.3 Product Portfolio
      9.1.4 Business Strategies
      9.1.5 Recent Developments
9.2 Alcon Laboratories, Inc.
      9.2.1 Company Overview
      9.2.2 Financial Overview
      9.2.3 Product Portfolio
      9.2.4 Business Strategies
      9.2.5 Recent Developments
9.3 Bausch & Lomb Incorporated
      9.3.1 Company Overview
      9.3.2 Financial Overview
      9.3.3 Product Portfolio
      9.3.4 Business Strategies
      9.3.5 Recent Development
9.4 Carl Zeiss Meditec AG
      9.4.1 Company Overview
      9.4.2 Financial Overview
      9.4.3 Product Portfolio
      9.4.4 Business Strategies
      9.4.5 Recent Developments
9.5 CooperVision
      9.5.1 Company Overview
      9.5.2 Financial Overview
      9.5.3 Product Portfolio
      9.5.4 Business Strategies
      9.5.5 Recent Developments
9.6 Essilor International
      9.6.1 Company Overview
      9.6.2 Financial Overview
      9.6.3 Product Portfolio
      9.6.4 Business Strategies
      9.6.5 Recent Developments
9.7 Hoya Corporation
      9.7.1 Company Overview
      9.7.2 Financial Overview
      9.7.3 Product Portfolio
      9.7.4 Business Strategies
      9.7.5 Recent Developments
9.8 Johnson & Johnson
      9.8.1 Company Overview
      9.8.2 Financial Overview
      9.8.3 Product Portfolio
      9.8.4 Business Strategies
      9.8.5 Recent Developments
9.9 STAAR Surgical Company
      9.9.1 Company Overview
      9.9.2 Financial Overview
      9.9.3 Product Portfolio
      9.9.4 Business Strategies
      9.9.5 Recent Developments
9.10 SynergEyes, Inc.
      9.10.1 Company Overview
      9.10.2 Financial Overview
      9.10.3 Product Portfolio
      9.10.4 Business Strategies
      9.10.6 Recent Developments

List of Figures

FIG. 1 Contact Lens: Market Segmentation
FIG. 2 Global Contact Lens Market, by Characteristics, 2012 (USD Million)
FIG. 3 Global Contact Lens Market, by Usage, 2012 (USD Million)
FIG. 4 Porter’s Five Forces Analysis: Global Contact Lens Market
FIG. 5 Market Attractiveness Analysis: Global Contact Lens Market, by Geography
FIG. 1 Contact Lens: Market Share, by Key Players, 2012 (%)
FIG. 2 Comparative Attractiveness Analysis: Types of Contact Lens
FIG. 3 Global Gas-Permeable Contact Lens Market, 2011 – 2019 (USD Million)
FIG. 4 Global Daily Disposable Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 5 Global Extended Wear Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 6 Global Weekly Replacement Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 7 Global Monthly Replacement Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 8 Global Annual Replacement Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 9 Global Unplanned Replacement Schedule Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 10 Global Spherical Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 11 Global Toric Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 12 Global Multifocal Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 13 Global Orthokeratology Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 14 Global Corrective Lens Market, 2011 - 2019 (USD Million)
FIG. 15 Global Therapeutic Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 16 Global Post-Operative Therapeutic Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 17 Global Cosmetic Lens Market, 2011 - 2019 (USD Million)
FIG. 18 Global Enhancement Tints Market, 2011 - 2019 (USD Million)
FIG. 19 Global Opaque and Special Effect Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 20 Global Prosthetic Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 21 Global Computer Lens Market, 2011 - 2019 (USD Million)
FIG. 22 Global Sports Lens Market, 2011 - 2019 (USD Million)
FIG. 23 Global Custom-made Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 24 Global D-Segment Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 25 North America Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 26 Europe Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 27 Asia-Pacific Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 28 RoW Contact Lens Market, 2011 - 2019 (USD Million)
FIG. 29 Alcon Laboratories, Inc., Annual Revenue: 2010 – 2012 (USD Billion)
FIG. 30 Carl Zeiss Meditec AG, Annual Revenue: 2010 – 2012 (USD Million)
FIG. 31 CooperVision, Annual Sales: 2010 – 2012 (USD Million)
FIG. 32 Essilor International, Annual Sales: 2010 – 2012 (USD Million)
FIG. 33 Hoya Corporation, Annual Sales: 2011 – 2013 (USD Million)
FIG. 34 Johnson & Johnson, Inc., Annual Revenue: 2010–2012 (USD Million)
FIG. 35 STAAR Surgical Company, Annual Revenue: 2010 – 2012 (USD Million)

List of Tables

TABLE 1 Market Snapshot: Global Contact Lens Market (2012 & 2019)
TABLE 2 Impact Analysis of Market Drivers
TABLE 3 Impact Analysis of Market Restraints
TABLE 4 Global Contact Lens Market, by Characteristics, 2011 – 2019 (USD Million)
TABLE 5 Global Soft Contact Lens Market, by Types, 2011 – 2019 (USD Million)
TABLE 6 Global Contact Lens Market, by Design 2011 – 2019 (USD Million)
TABLE 7 Global Contact Lens Market, by Usage 2011 – 2019 (USD Million)
TABLE 8 Global Contact Lens Market, by Geography 2011 – 2019 (USD Million)

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Free Market Analysis


Contact lenses are thin plastic discs made from hydrogel or silicon hydrogel material. These lenses helps an individual to correct his ophthalmic disorders such as myopia, astigmatism, presbyopia and glaucoma. These can be used for vision correction or for cosmetic or aesthetic purpose to change the color or appearance of eye. Contact lenses can be coated with different anti-refractive materials, scratch resistance materials and ultraviolet protection materials in order to improve the therapeutic benefits of lenses. The market for contact lens is segmented by characteristics, by design, and by usage pattern. These lenses can be categorized mainly into two type namely hard contact lenses and soft contact lenses. Hard contact lenses are made up of rigid gas permeable glass that cover only a part of the cornea. Soft contact lenses are highly flexible and contain water absorbing materials such as hydrogel or silicon hydrogel. Soft contact lens market is further divided based on wearing and replacement schedule of the lens. Daily disposable contact lens, extended wear contact lens, weekly replacement, monthly replacement, annual replacement and unplanned replacement schedule contact lenses are some of the types of soft contact lens. Daily disposable contact lenses account for largest percentage share market, accounting for more than 54% of the total soft contact lens market in 2012. While weekly replacement contact lenses are the fastest growing segment. This segment is expected to grow at a CAGR of 16.1% during the forecast period of 2013 to 2019.

Rising incidence of ophthalmic disorders, changing life style and increasing geriatric population are the major driving factors for the contact lens market. According to the National Eye Institute, there are more than 11 million Americans suffering from the common vision problems such as myopia, astigmatism and hyperopia every year. However, long-term use of these lenses may increase the chance of various vision problems such as cornea scratches, redness of eyes or blindness that is anticipated to hamper the growth of contact lens market during the forecast period of 2013 to 2019.
Some of the major key players in this market are Johnson & Johnson, Essilor International, CooperVision, CIBA Vision, Hoya Corporation and others. The global market for contact lens was valued at USD 6,810.9 million in 2012 growing at a CAGR of 10.3% from 2013 to 2019.

Contact lens market can be segmented on the basis of usage pattern into corrective lenses, therapeutic contact lenses, post-operative lenses, cosmetic lenses, enhancement tints, opaque and special effect contact lenses, prosthetic contact lenses, computer lenses, D-segment contact lenses, sports lenses and custom made lenses. Corrective lenses have the concave effects that enables images to refocus onto the retina, causing more precise refraction or focus.
The corrective contact lens market accounted for the largest market segment in 2012 growing at a CAGR of 12.2% during the forecast period of 2013 to 2019.

On the basis of design, the contact lens market is segmented into spherical, toric, multifocal and orthokeratology contact lens. Among these lenses, multifocal contact lens was valued at USD 553.7 million in 2012 and estimated as the fastest growing segment during the forecast period. These lenses contains two or more focal powers at different distances and can be used in correcting myopia. According to the American Academy of Ophthalmology, more than 32 million Americans suffer from myopia. With increasing incidence of this ophthalmic disorder, there will be an increase in uptake of multifocal contact lenses.

Geographically, North America accounts for the largest percentage share of the global contact lens market accounting for more than 42% of the total market in 2012. This is justified by the increasing prevalence of refractive errors such as myopia, hyperopia and amblyopia. In addition, as per the US Centers for Disease Control and Prevention (CDC), approximately 11 million Americans aged 12 years and above can improve their vision by undergoing refractive correction. This will further widen the growth of contact lens market in this region. In addition, consistent rise in awareness levels in patient population has further augmented the growth and development of contact lens market in this region. Asia-Pacific region is anticipated to record a high growth rate owing to a large patient population and continuous improvement in the overall healthcare sector along with a huge untapped market potential in this region. In addition, increasing geriatric population and increased preference of the population to avail technologically advanced contact lenses will further boost the growth of contact lens market in this region.

global-contact-lens-market-by-usage-2012

 

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