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Contact Lens Market Trends, 2018-2026
Rise in the incidence of visual impairments among people from across the globe is estimated to boost the sales growth in the global contact lens market, which is prognosticated to expand at a CAGR of 7.4% during the forecast period of 2018-2026.
An assessment by Transparency Market Research (TMR) on the global contact lens market delivers comprehensive data and analysis on major facets such as growth drivers, restraints, challenges, trends, and R&D projects in the market. Furthermore, the report by TMR performs segmentation of the global contact lens market based on many crucial parameters such as technology, product, design, and region.
In terms of technology, the contact lens market is bifurcated into cast molding, lathe cutting, and spin casting. Based on product, the market is classified into soft lenses and gas permeable lenses. On the basis of design, there are four segments of the market, namely, toric, multifocal, spherical, and others.
Rise in the use of contact lenses for the treatment of varied eye-related disorders such as hypermetropia/hyperopia, astigmatism, and presbyopia is creating business opportunities in the global market. Moreover, the market is anticipated to be driven by the increasing prevalence of vision impairments among older population across the globe.
Contact lens manufacturers are developing products that are coated with anti-refractive and scratch resistance materials. Furthermore, these products are gaining traction owing to their ability to provide ultraviolet protection, thereby high-quality therapeutic experience and comfort to users. On the back of these factors, there is notable growth in the adoption of contact lenses, which in turn, is helping in the market expansion.
Rise in the trend of participating in outdoor activities is generating sales prospects in the global contact lens market. In addition to standard use as refractive lenses, these products are being increasingly adopted in order to achieve cosmetic and esthetic features. Hence, surge in the trend of using contact lenses for cosmetic purpose is estimated to boost the sales growth in the market in the forecast period.
North America, Latin America, Asia Pacific, Middle East and Africa, and Europe are some of the key regions of the global contact lens market. Of them, the market is prognosticated to gain lucrative prospects in North America owing to factors such as presence of many leading companies in the region and rising number of new product launches. Furthermore, rise in the adoption of contact lenses by regional population, presence of sizable older population with visual issues, and surge in prevalence of eye injuries and vision-related diseases are resulting into increased demand for contact lens in North America.
The nature of the global contact lens market seems to be fragmented with presence of many well-entrenched companies. In order to maintain leading position in highly intense competition level, players are using organic and inorganic strategies.
Many contact lens manufacturers are focused on the development of highly advanced products. Hence, they are increasing investments in the R&D projects. Moreover, several enterprises are entering into collaboration and partnership agreements so as to develop smart contact lenses. Such developments are likely to fuel the expansion avenues in the contact lens market in the forecast period.
Some of the prominent companies operating in the contact lens market include Johnson & Johnson Vision Care Inc., Abbott Medical Optics Inc., Essilor International S.A., Hoya Corporation, Alcon Vision LLC, STAAR Surgical Company, Cooper Vision Inc., ZEISS International, Bausch & Lomb Incorporated, Contamac, X-Cel Specialty Contacts, Medennium, and SynergEyes Inc., and Seed Co. Ltd.
Companies in the contact lens industry are developing different strategies to generate consistent revenue streams in critical situations of the COVID-19 outbreak. Furthermore, they are ensuring implementation of all safety norms suggested by regional government bodies when performing their regular activities.
The global contact lens market has been segmented as given below:
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Contact lens market is anticipated to expand at a CAGR of 7.4% during the forecast period
Contact lens market is driven by rising prevalence of increased preference for contact lenses over prescribed eyeglasses for aesthetics purposes and rising cases of vision related problems like myopia
The spherical lens segment is estimated to hold prominent position in the global contact lens market in forthcoming years
North America market is anticipated to hold major share in the global contact lens market in the tenure of forecast period, followed by Europe
Top key players in contact lens market are Bausch + Lomb, Johnson & Johnson, Carl Zeiss Meditech AG, CooperVision, Inc., BenQ Materials Corporation, and Essilor Group
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Global Contact lens Market: Market Snapshot
3.2. Global Contact lens Market: Opportunity Map
4. Market Overview
4.1. Global Contact lens Market: Product Overview
4.2. Global Contact lens Market: Key Industry Developments
5. Market Dynamics
5.1. Drivers and Restraints Snapshot Analysis
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunity
5.2. Key Trends
5.3. Global Contact lens Market Revenue (US$ Mn) and Volume (Million Unit) Forecast
5.4. Porter’s Five Forces Analysis
5.5. Global Contact lens Market Outlook
6. Global Contact lens Market Analysis, by Technology
6.1. Key Findings
6.2. Introduction
6.3. Global Contact lens Market Value Share Analysis, by Technology Type
6.4. Market Value (US$ Mn) & Volume (Units) Forecast By Technology Type
6.5. Global Contact lens Market Forecast, by Technology Type
6.5.1. Spin Casting
6.5.2. Cast Molding
6.5.3. Lathe Cutting
6.6. Global Contact lens Market Attractiveness Analysis
7. Global Contact lens Market Analysis and Forecasts, By Product
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value & Volume (Million Unit) Forecast By Product, 2016–2026
7.3.1. Soft Lenses
7.3.2. Gas Permeable Lenses
7.4. Market Attractiveness By Product
8. Global Contact lens Market Analysis and Forecasts, By Design
8.1. Introduction & Definition
8.2. Key Findings / Developments
8.3. Market Value (US$ Mn) Forecast By Design , 2016–2026
8.3.1. Spherical
8.3.2. Toric
8.3.3. Multifocal
8.3.4. Others
8.4. Market Attractiveness By Design
9. Global Contact lens Market Analysis and Forecasts, By Region
9.1. Key Findings
9.2. Market Value (US$ Mn) & Volume (Million Unit) Forecast By Region
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Latin America
9.2.5. Middle East & Africa
9.3. Market Attractiveness By Country/Sub-Region
10. North America Contact lens Market Analysis and Forecast
10.1. Introduction
10.2. Key Findings
10.3. Market Value (US$ Mn) Forecast By Technology , 2016–2026
10.3.1. Spin Casting
10.3.2. Cast Molding
10.3.3. Lathe Cutting
10.4. Market Value (US$ Mn) and Volume (Million Units) Forecast By Product , 2016–2026
10.4.1. Soft Lenses
10.4.2. Gas Permeable Lenses
10.5. Market Value Forecast By Design, 2016–2026
10.5.1. Spherical
10.5.2. Toric
10.5.3. Multifocal
10.5.4. Others
10.6. Market Value (US$ Mn) & Volume (Million Units) Forecast By Country, 2016–2026
10.6.1. U.S.
10.6.2. Canada
10.7. Market Attractiveness Analysis
10.7.1. By Technology
10.7.2. By Product
10.7.3. By Design
10.7.4. By Country
11. Europe Contact lens Market Analysis and Forecast
11.1. Introduction
11.2. Key Findings
11.3. Market Value (US$ Mn) Forecast By Technology , 2016–2026
11.3.1. Spin Casting
11.3.2. Cast Molding
11.3.3. Lathe Cutting
11.4. Market Value (US$ Mn) and Volume (Million Units) Forecast By Product , 2016–2026
11.4.1. Soft Lenses
11.4.2. Gas Permeable Lenses
11.5. Market Value Forecast By Design, 2016–2026
11.5.1. Spherical
11.5.2. Toric
11.5.3. Multifocal
11.5.4. Others
11.6. Market Value (US$ MN) & Volume (Million Units) Forecast By Country, 2016–2026
11.6.1. Germany
11.6.2. U.K.
11.6.3. France
11.6.4. Spain
11.6.5. Italy
11.6.6. Rest of Europe
11.7. Market Attractiveness Analysis
11.7.1. By Technology
11.7.2. By Product
11.7.3. By End User
11.7.4. By Country
12. Asia Pacific Contact lens Market Analysis and Forecast
12.1. Introduction
12.2. Key Findings
12.3. Market Value (US$ Mn) Forecast By Technology , 2016–2026
12.3.1. Spin Casting
12.3.2. Cast Molding
12.3.3. Lathe Cutting
12.4. Market Value (US$ Mn) and Volume (Million Units) Forecast By Product , 2016–2026
12.4.1. Soft Lenses
12.4.2. Gas Permeable Lenses
12.5. Market Value Forecast By Design, 2016–2026
12.5.1. Spherical
12.5.2. Toric
12.5.3. Multifocal
12.5.4. Others
12.6. Market Value (US$ Mn) & Volume (Million Units) Forecast By Country, 2016–2026
12.6.1. China
12.6.2. Japan
12.6.3. India
12.6.4. Australia & New Zealand
12.6.5. Rest of Asia Pacific
12.7. Market Attractiveness Analysis
12.7.1. By Technology
12.7.2. By Product
12.7.3. BY Design
12.7.4. By Country
13. Latin America Contact lens Market Analysis and Forecast
13.1. Introduction
13.2. Key Findings
13.3. Market Value (US$ Mn) Forecast By Technology , 2016–2026
13.3.1. Spin Casting
13.3.2. Cast Molding
13.3.3. Lathe Cutting
13.4. Market Value (US$ Mn) and Volume (Million Units) Forecast By Product , 2016–2026
13.4.1. Soft Lenses
13.4.2. Gas Permeable Lenses
13.5. Market Value Forecast By Design, 2016–2026
13.5.1. Spherical
13.5.2. Toric
13.5.3. Multifocal
13.5.4. Others
13.6. Market Value & Volume Forecast By Country, 2016–2026
13.6.1. Brazil
13.6.2. Mexico
13.6.3. Rest of Latin America
13.7. Market Attractiveness Analysis
13.7.1. By Technology
13.7.2. By Product
13.7.3. By Design
13.7.4. By Country
14. Middle East & Africa Contact lens Market Analysis and Forecast
14.1. Introduction
14.2. Key Findings
14.3. Market Value (US$ Mn) Forecast By Technology , 2016–2026
14.3.1. Spin Casting
14.3.2. Cast Molding
14.3.3. Lathe Cutting
14.4. Market Value (US$ Mn) and Volume (Million Units) Forecast By Product , 2016–2026
14.4.1. Soft Lenses
14.4.2. Gas Permeable Lenses
14.5. Market Value Forecast By Design, 2016–2026
14.5.1. Spherical
14.5.2. Toric
14.5.3. Multifocal
14.5.4. Others
14.6. Market Value & Volume Forecast By Country, 2016–2026
14.6.1. GCC Countries
14.6.2. South Africa
14.6.3. Rest of Middle East & Africa
14.7. Market Attractiveness Analysis
14.7.1. By Technology
14.7.2. By Product
14.7.3. By Design
14.7.4. By Country
15. Competition Landscape
15.1. Market Player – Competition Matrix (By Tier and Size of companies)
15.2. Market Share Analysis By Company (2017)
15.3. Company Profiles
15.3.1. Valeant Pharmaceuticals International, Inc.
15.3.1.1. Overview (HQ, Employee Strength, Business Segments)
15.3.1.2. Financials
15.3.1.3. Recent Developments
15.3.1.4. Strategy
15.3.2. Novartis AG (Alcon Pharmaceuticals)
15.3.2.1. Overview (HQ, Employee Strength, Business Segments)
15.3.2.2. Financials
15.3.2.3. Recent Developments
15.3.2.4. Strategy
15.3.3. Johnson & Johnson
15.3.3.1. Overview (HQ, Employee Strength, Business Segments)
15.3.3.2. Financials
15.3.3.3. Recent Developments
15.3.3.4. Strategy
15.3.4. The Cooper Companies, Inc.
15.3.4.1. Overview (HQ, Employee Strength, Business Segments)
15.3.4.2. Financials
15.3.4.3. Recent Developments
15.3.4.4. Strategy
15.3.5. Menicon Co., Ltd.
15.3.5.1. Overview (HQ, Employee Strength, Business Segments)
15.3.5.2. Financials
15.3.5.3. Recent Developments
15.3.5.4. Strategy
15.3.6. STAAR SURGICAL
15.3.6.1. Overview (HQ, Employee Strength, Business Segments)
15.3.6.2. Financials
15.3.6.3. Recent Developments
15.3.6.4. Strategy
15.3.7. SynergEyes, Inc.
15.3.7.1. Overview (HQ, Employee Strength, Business Segments)
15.3.7.2. Financials
15.3.7.3. Recent Developments
15.3.7.4. Strategy
15.3.8. ESSILOR
15.3.8.1. Overview (HQ, Employee Strength, Business Segments)
15.3.8.2. Financials
15.3.8.3. Recent Developments
15.3.8.4. Strategy
15.3.9. HOYA Corporation
15.3.9.1. Overview (HQ, Employee Strength, Business Segments)
15.3.9.2. Financials
15.3.9.3. Recent Developments
15.3.9.4. Strategy
TABLE 1 Global Contact Lens Market Size (US$ Mn) Forecast, by Technology, 2016–2026
TABLE 2 Global Contact Lens Market Size (US$ Mn) Forecast, by Product, 2016–2026
TABLE 3 Global Contact Lens Market Volume (Million Units) Forecast, by Product, 2016–2026
TABLE 4 Global Contact Lens Market Size Value (US$ Mn) Forecast, by Design, 2016–2026
TABLE 5 Global Contact Lens Market Size Value (US$ Mn) Forecast, by Region, 2016–2026
TABLE 6 Global Contact Lens Market Volume (Million Units) Forecast, by Region, 2016–2026
TABLE 7 North America Contact Lens Market Size (US$ Mn) and Forecast, by Country, 2016–2026
TABLE 8 North America Contact Lens Market Volume (Million Units) and Forecast, by Country, 2016–2026
TABLE 9 North America Contact Lens Market Size (US$ Mn) Forecast, by Technology, 2016–2026
TABLE 10 North America Contact Lens Market Size (US$ Mn) Forecast, by Product, 2016–2026
TABLE 11 North America Contact Lens Market Volume (Million Units) Forecast, by Product, 2016–2026
TABLE 12 North America Contact Lens Market Size (US$ Mn) Forecast, by Design, 2016–2026
TABLE 13 Europe Contact Lens Market Size (US$ Mn) and Forecast, by Country/Sub-region, 2016–2026
TABLE 14 Europe Contact Lens Market Volume (Million Units) and Forecast, by Country/Sub-region, 2016–2026
TABLE 15 Europe Contact Lens Market Size (US$ Mn) Forecast, by Technology, 2016–2026
TABLE 16 Europe Contact Lens Market Size (US$ Mn) Forecast, by Product, 2016–2026
TABLE 17 Europe Contact Lens Market Volume (Million Units) Forecast, by Product, 2016–2026
TABLE 18 Europe Contact Lens Market Size (US$ Mn) Forecast, by Design, 2016–2026
TABLE 19 Asia Pacific Contact Lens Market Size (US$ Mn) and Forecast, by Country/Sub-region, 2016–2026
TABLE 20 Asia Pacific Contact Lens Market Volume (Million Unit) and Forecast, by Country/Sub-region, 2016–2026
TABLE 21 Asia Pacific Contact Lens Market Size (US$ Mn) Forecast, by Technology, 2016–2026
TABLE 22 Asia Pacific Contact Lens Market Size (US$ Mn) Forecast, by Product, 2016–2026
TABLE 23 Asia Pacific Contact Lens Market Volume (Million Units) Forecast, by Product, 2016–2026
TABLE 24 Asia Pacific Contact Lens Market Size (US$ Mn) Forecast, by Design, 2016–2026
TABLE 25 Latin America Contact Lens Market Size (US$ Mn) and Forecast, by Country/Sub-Region, 2016–2026
TABLE 26 Latin America Contact Lens Market Volume (Million Units) and Forecast, by Country/Sub-Region, 2016–2026
TABLE 27 Latin America Contact Lens Market Size (US$ Mn) Forecast, by Technology, 2016–2026
TABLE 28 Latin America Contact Lens Market Size (US$ Mn) Forecast, by Product, 2016–2026
TABLE 29 Latin America Contact Lens Market Volume (Million Units) Forecast, by Product, 2016–2026
TABLE 30 Latin America Contact Lens Market Size (US$ Mn) Forecast, by Design, 2016–2026
TABLE 31 Middle East & Africa Contact Lens Market Size (US$ Mn) and Forecast, by Country/Sub-Region, 2016–2026
TABLE 32 Middle East & Africa Contact Lens Market Volume (Million Unit) and Forecast, by Country/Sub-Region, 2016–2026
TABLE 33 Middle East & Africa Contact Lens Market Size (US$ Mn) Forecast, by Technology, 2016–2026
TABLE 34 Middle East & Africa Contact Lens Market Size (US$ Mn) Forecast, by Product, 2016–2026
TABLE 35 Middle East & Africa Contact Lens Market Volume (Million Units) Forecast, by Product, 2016–2026
TABLE 36 Middle East & Africa Contact Lens Market Size (US$ Mn) Forecast, by Design, 2016–2026
FIG. 1 Global Contact Lens Market Value (US$ Mn) and Volume (Million Units) Projections, 2016–2026
FIG. 2 Market Value Share, by Product (2017)
FIG. 3 Market Value Share, by Design (2017)
FIG. 4 Market Value Share, by Region (2017)
FIG. 5 Global Contact Lens Market Value Share Analysis, by Technology, 2018 and 2026
FIG. 6 Global Contact Lens Market Size (US$ Mn) and Y-o-Y Growth, by Spin Casting, 2016-2026
FIG. 7 Global Contact Lens Market Size (US$ Mn) and Y-o-Y Growth, by Cast Molding, 2016-2026
FIG. 8 Global Contact Lens Market Size (US$ Mn) and Y-o-Y Growth, by Lathe Cutting, 2016-2026
FIG. 9 Global Contact Lens Market Attractiveness Analysis, by Technology Type, 2018–2026
FIG. 10 Global Contact Lens Market Value Share Analysis, Product, 2018 and 2026
FIG. 11 Global Contact Lens Market Size (US$ Mn) and Y-o-Y Growth, by Soft Lens, 2016-2026
FIG. 12 Global Contact Lens Market Size (US$ Mn) and Y-o-Y Growth, by Gas Permeable Lenses, 2016-2026
FIG. 13 Global Contact Lens Market Attractiveness Analysis, by Product
FIG. 14 Global Contact Lens Market Value Share Analysis, by Design, 2018 and 2026
FIG. 15 Global Contact Lens Market Size (US$ Mn) and Y-o-Y Growth, by Spherical, 2016-2026
FIG. 16 Global Contact Lens Market Size (US$ Mn) and Y-o-Y Growth, by Toric, 2016-2026
FIG. 17 Global Contact Lens Market Size (US$ Mn) and Y-o-Y Growth, by Multifocal, 2016-2026
FIG. 18 Global Contact Lens Market Size (US$ Mn) and Y-o-Y Growth, by Others, 2016-2026
FIG. 19 Global Contact Lens Market Attractiveness Analysis, by Design, 2018–2026
FIG. 20 Global Contact Lens Market Value Share Analysis, by Region, 2018–2026
FIG. 21 Global Contact Lens Market Attractiveness Analysis, by Region, 2018–2026
FIG. 22 North America Contact Lens Market Size (US$ Mn) and Volume (Million Units) Forecast, 2016–2026
FIG. 23 North America Contact Lens Market Size, Y-o-Y Growth Projection, 2017–2026
FIG. 24 North America Contact Lens Market Attractiveness Analysis, by Country
FIG. 25 North America Contact Lens Market Value Share Analysis, by Country, 2018 and 2026
FIG. 26 North America Contact Lens Market Value Share Analysis, by Technology, 2018 and 2026
FIG. 27 North America Contact Lens Market Attractiveness Analysis, by Technology, 2018-2026
FIG. 28 North America Contact Lens Market Value Share Analysis, by Product, 2018 and 2026
FIG. 29 North America Contact Lens Market Attractiveness Analysis, by Product Type, 2018–2026
FIG. 30 North America Contact Lens Market Value Share Analysis, by Design, 2018 and 2026
FIG. 31 North America Contact Lens Market Attractiveness Analysis, by Design, 2018-2026
FIG. 32 Europe Contact Lens Market Size (US$ Mn) and Volume(Million Units) Forecast, 2016–2026
FIG. 33 Europe Contact Lens Market Size, Y-o-Y Growth Projection, 2017–2026
FIG. 34 Europe Contact Lens Market Attractiveness Analysis, by Country/Sub-region
FIG. 35 Europe Contact Lens Market Value Share Analysis, by Country/Sub-region, 2018 and 2026
FIG. 36 Europe Contact Lens Market Value Share Analysis, by Technology, 2018 and 2026
FIG. 37 Europe Contact Lens Market Attractiveness Analysis, by Technology, 2018-2026
FIG. 38 Europe Contact Lens Market Value Share Analysis, Product, 2018 and 2026
FIG. 39 Europe Contact Lens Market Attractiveness Analysis, by Product Type, 2018–2026
FIG. 40 Europe Contact Lens Market Value Share Analysis, by Design, 2018 and 2026
FIG. 41 Europe Contact Lens Market Attractiveness Analysis, by Design, 2018-2026
FIG. 42 Asia Pacific Contact Lens Market Size (US$ Mn) and Volume (Million Units) Forecast, 2016–2026
FIG. 43 Asia Pacific Contact Lens Market Size, Y-o-Y Growth Projection, 2017–2026
FIG. 44 Asia Pacific Contact Lens Market Attractiveness Analysis, by Country/Sub-region
FIG. 45 Asia Pacific Contact Lens Market Value Share Analysis, by Country/Sub-region, 2018 and 2026
FIG. 46 Asia Pacific Contact Lens Market Value Share Analysis, by Technology, 2018 and 2026
FIG. 47 Asia Pacific Contact Lens Market Attractiveness Analysis, by Technology, 2018-2026
FIG. 48 Asia Pacific Contact Lens Market Value Share Analysis, Product, 2018 and 2026
FIG. 49 Asia Pacific Contact Lens Market Attractiveness Analysis, by Product Type, 2018–2026
FIG. 50 Asia Pacific Contact Lens Market Value Share Analysis, by Design, 2018 and 2026
FIG. 51 Asia Pacific Contact Lens Market Attractiveness Analysis, by Design, 2018-2026
FIG. 52 Latin America Contact Lens Market Size (US$ Mn) and Volume(Million Units) Forecast, 2016–2026
FIG. 53 Latin America Contact Lens Market Size, Y-o-Y Growth Projection, 2018–2026
FIG. 54 Latin America Contact Lens Market Attractiveness Analysis, by Country/Sub-Region
FIG. 55 Latin America Contact Lens Market Value Share Analysis, by Country/Sub-Region, 2018 and 2026
FIG. 56 Latin America Contact Lens Market Value Share Analysis, by Technology, 2018 and 2026
FIG. 57 Latin America Contact Lens Market Attractiveness Analysis, by Technology, 2018-2026
FIG. 58 Latin America Contact Lens Market Value Share Analysis, Product, 2018 and 2026
FIG. 59 Latin America Contact Lens Market Attractiveness Analysis, by Product Type, 2018–2026
FIG. 60 Latin America Contact Lens Market Value Share Analysis, by Design, 2018 and 2026
FIG. 61 Latin America Contact Lens Market Attractiveness Analysis, by Design, 2018-2026
FIG. 62 Middle East & Africa Contact Lens Market Size (US$ Mn) and Volume(Million Units) Forecast, 2016–2026
FIG. 63 Middle East & Africa Contact Lens Market Size, Y-o-Y Growth Projection, 2017–2026
FIG. 64 Middle East & Africa Contact Lens Market Attractiveness Analysis, by Country/Sub-Region
FIG. 65 Middle East & Africa Contact Lens Market Value Share Analysis, by Country/Sub-Region, 2018 and 2026
FIG. 66 Middle East & Africa Contact Lens Market Value Share Analysis, by Technology, 2018 and 2026
FIG. 67 Middle East & Africa Contact Lens Market Attractiveness Analysis, by Technology, 2018–2026
FIG. 68 Middle East & Africa Contact Lens Market Value Share Analysis, Product, 2018 and 2026
FIG. 69 Middle East & Africa Contact Lens Market Attractiveness Analysis, by Product, 2018–2026
FIG. 70 Middle East & Africa Contact Lens Market Value Share Analysis, by Design, 2018 and 2026
FIG. 71 Middle East & Africa Contact Lens Market Attractiveness Analysis, by Design, 2018–2026
FIG. 72 Global Contact Lens Market Share, by Company, 2017
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