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Contact Lenses - Global Strategic Business Report

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    Report

  • 528 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338817
The global market for Contact Lenses is estimated at US$13.8 Billion in 2023 and is projected to reach US$20.1 Billion by 2030, growing at a CAGR of 4.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Silicone Hydrogel Lenses segment, which is expected to reach US$14.2 Billion by 2030 with a CAGR of 5%. The Other Material Lenses segment is also set to grow at 4.5% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $3.8 Billion in 2023, and China, forecasted to grow at an impressive 7.4% CAGR to reach $2.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Contact Lenses Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Contact Lenses Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Contact Lenses Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Alcon Inc., Bausch & Lomb Incorporated, Conforma Contact Lenses, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 94 Featured):

  • Alcon Inc.
  • Bausch & Lomb Incorporated
  • Conforma Contact Lenses
  • Johnson & Johnson Vision Care, Inc.
  • Hoya Corporation
  • Paragon Vision Sciences
  • Menicon
  • The Cooper Companies, Inc.
  • United Contact Lens
  • ZEISS International

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Contact Lens Sales Slow Down Amid the Pandemic
  • US Contact Lens Purchases % Growth: January 2020- Nov 2020
  • Noteworthy Contact Lens Trends to Watch-for amid COVID-19 Pandemic
  • High Uptake among First-Time Wearers
  • High Dropout Rate for Contact Lenses
  • Specialty Lenses Gain Popularity
  • Industry Witnesses Strong Growth in Online Sales of Contact Lenses
  • Virtual Technology for Eye Care Gains Prominence as Telemedicine Picks up
  • Need for Change in In-Office Settings for Optometry & Contact Lens Business in Post-Pandemic Era
  • Influencer Market Insights
  • World Market Trajectories
  • Contact Lenses and Solutions: A Prelude
  • Developed Regions: Prime Revenue Contributors
  • Asia-Pacific & Other Developing Regions Offer Strong Growth
  • Aesthetics and Improving Functionality Steer Growth Opportunities
  • Vision Correction Market and Role of Contact Lenses
  • Global Vision Correction Market Breakdown (in %) by Category for 2023
  • Factors with Major Implications for Contact Lens Market, Going Forwards
  • Telemedicine
  • Myopia Control
  • Influx of New Products
  • Changes in Contact Lens Rule
  • Wearer Base for Contact Lenses
  • Breakdown of Contact Lens Users by Gender: 2023
  • Global Contact Lens Wearers Mean Age and % Female Population by Country: 2019
  • World Population by Age Group
  • Myopia Control Expands Growth Avenues
  • Children: A Potential Wearer Segment
  • Daily Disposables Gains Adoption
  • Global Soft Lenses Market: Percentage Breakdown of Modality by Region for 2020
  • Rigid Gas Permeables Stay Afloat
  • Soft Contacts Drive Overall Growth
  • Torics Records Strong Growth
  • Multifocals Benefit from Demographic Trends
  • Silicone Hydrogels Continue to Drive Gains
  • Recent Market Activity
  • World Brands
  • Contact Lenses - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competition: A Consolidated Marketplace
  • Leading Contact Lens Providers by Region
  • High Entry Barriers Hamper Entry of New Players
  • Differentiated Products Offer an Edge
2. FOCUS ON SELECT PLAYERS
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
3. MARKET TRENDS & DRIVERS
  • As Sustainability Becomes a Global Agenda, Contact Lens Manufacturers Focus on Plastic Free Lenses
  • New Contact Lens Technologies Go Beyond Vision Correction
  • Contact Lenses Enter the Diagnosis Space
  • Johnson & Johnson Vision Develops Contact Lenses to Tackle Eye Allergies
  • Manufacturers Work towards Development of Lenses with Robust Antimicrobial Properties
  • Countering Color Blindness
  • Self powered Lenses for Presbyopia
  • Slower Progression of Myopia
  • High-tech Contact Lenses to Redefine Market Landscape
  • Smart Contact Lenses Emerge as Next Stop for Sophisticated Wearable Technology
  • Potential Applications
  • Lenses to Measure Eyeball Pressure
  • Contact Lenses Worn During Sleep
  • Lenses to Block Harmful UV Ray
  • Telescopic Contact Lenses
  • Advanced Contact Lenses to Monitor Glucose Levels
  • Drug Delivery through Contact Lenses: An Emerging Area of Interest
  • Innovation Trends in Contact Lenses
  • Demand for Multifocal contact lenses on the Rise
  • Online Exams for Vision: A New Route to Widen Reach
  • Contact Lens with Switchable Capability to Address AMD
  • Contact Lenses to Address Concerns over Excess Digital Device Usage
  • Water Gradient Contact Lenses: A Novel Development
  • Addressing the Contact Lens Discomfort
  • Scleral GP Lenses Continue to Draw Opportunities led by Material Design
  • Presbyopes:Another Opportunity Market for Scleral Contact Lenses
  • Craze for Tints Opens New Avenues
  • Manufacturers Gear up to Recycle Contact Lenses
  • Market Restraints
  • Safety of Contact Lenses: A Major Concern
  • Competition on Rise from Advanced Vision Correction Technologies
  • Pure-Play Retailers Challenge Independent Optometry Channels
  • Rise in Online Stores
  • Distribution Dynamics
  • Direct-to Consumer and Subscription Services Gain Traction
  • Diversity in Contact Lens Purchasing Patterns
  • Urbanization: A Megatrend with Significant Implications for Contact Lenses Market
  • Total Population Worldwide by Urban and Rural Population in Thousands: 1950-2050
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Silicone Hydrogel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Silicone Hydrogel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Silicone Hydrogel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Other Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Spherical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Spherical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Spherical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Multifocal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Multifocal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Multifocal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Other Designs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Other Designs by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Other Designs by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Corrective by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Corrective by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Corrective by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Therapeutic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Therapeutic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Therapeutic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 25: World Contact Lenses Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 26: World Recent Past, Current & Future Analysis for Contact Lenses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Contact Lenses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Contact Lenses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Overview
  • Covid-19 Impacts Contact Lens Uptake
  • Present & Future Growth Prospects Remain Robust
  • US Eye-Care Market: Key Vision Statistics
  • Daily-Contact Lenses Reports Strong Growth
  • US Soft Contact Lens Market (2021E): Percentage Share Breakdown by Lens Modality
  • Astigmats and Presbyopes Drive Demand for Contact Lenses
  • US Population Distribution by Age Group
  • Surge in Adoption of Silicone Hydrogels Continues
  • Market Structure and Competition
  • US Contact Lenses Market (2021E): Percentage Breakdown of Value Sales by Company
  • Specialty Contacts Drive Market Expansion
  • Scleral GP Lenses Report Growth
  • Smart Contact Lenses Technology on the Rise
  • Distribution Scenario
  • Online Retailing Catches Pace
  • US Contact Lenses Market (2021E): Percentage Share Breakdown of Sales by Distribution Channel
  • Direct-to-Consumer and Subscription Services Gain Traction
  • Regulatory Environment
  • Market Analytics
CANADA
  • Market Overview
  • Leading Players in the Canadian Contact lenses Market (2021E): Percentage Share Breakdown of Sales by Company
  • Market Analytics
JAPAN
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Market Overview
  • Competition
  • Market Analytics
CHINA
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Market Overview
  • Competition
  • Chinese Contact Lens Market (2021E): Percentage Breakdown of Share by Company
  • Market Analytics
EUROPE
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
  • Contact Lens Wearer Base
  • Contact Lens Market in Europe (2019): Percentage Penetration of Contact lens (as % of total population of 15 to 64 years of age) by Country
  • Market Analytics
FRANCE
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
  • Market Overview
  • Leading Players in German Contact Lenses Market (2021E): Percentage Breakdown of Sales by Company
  • Market Analytics
ITALY
  • Daily Disposable Lenses: A Popular Modality
UNITED KINGDOM
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
  • Market Overview
  • Retail Scenario
  • Market Analytics
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Market Overview
AUSTRALIA
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
  • Market Overview
  • Competition
  • Leading Players in the Indian Contact Lens Market (2021e): Percentage Share Breakdown of Sales by Company
  • Contact Lens Distribution
  • Market Analytics
SOUTH KOREA
  • Market Overview
REST OF ASIA-PACIFIC
LATIN AMERICA
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Contact Lenses Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Alcon Inc.
  • Bausch & Lomb Incorporated
  • Conforma Contact Lenses
  • Johnson & Johnson Vision Care, Inc.
  • Hoya Corporation
  • Paragon Vision Sciences
  • Menicon
  • The Cooper Companies, Inc.
  • United Contact Lens
  • ZEISS International

Table Information