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Contact Lenses - Global Market Trajectory & Analytics

  • ID: 338817
  • Report
  • May 2021
  • Region: Global
  • 505 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Alcon, Inc.
  • CooperVision, Inc.
  • Menicon Co., Ltd
  • MORE

Global Contact Lenses Market to Reach $15.8 Billion by 2027


Amid the COVID-19 crisis, the global market for Contact Lenses estimated at US$11.1 Billion in the year 2020, is projected to reach a revised size of US$15.8 Billion by 2027, growing at a CAGR of 5.1% over the period 2020-2027. Silicone Hydrogel, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$10.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Other Materials segment is readjusted to a revised 4.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $3.1 Billion, While China is Forecast to Grow at 8.5% CAGR


The Contact Lenses market in the U.S. is estimated at US$3.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$882.2 Million by the year 2027 trailing a CAGR of 8.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.

Select Competitors (Total 72 Featured) -

  • Alcon, Inc.
  • Bausch Health Companies, Inc.
  • CooperVision, Inc.
  • Ginko International Co., Ltd.
  • Johnson & Johnson Vision Care, Inc.
  • Menicon Co., Ltd
  • St. Shine Optical Co., Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alcon, Inc.
  • CooperVision, Inc.
  • Menicon Co., Ltd
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • US Contact Lens Purchases % Growth: January 2020-15June 2020
  • Contact Lenses and Solutions: Mid-Long Term Outlook
  • 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
  • Exhibit 1: Global Vision Correction Market Breakdown (in %) by Category for 2020E
  • Wearer Base for Contact Lenses
  • Exhibit 2: Breakdown of Contact Lens Users by Gender: 2020E
  • Exhibit 3: Global Contact Lens Wearers Mean Age and % Female Population by Country: 2019
  • Exhibit 4: World Population by Age Group
  • Myopia Control: Expands Growth Avenues
  • Children: A Potential Wearer Segment
  • Daily Disposables Gains Adoption
  • Exhibit 5: 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
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • New Contact Lens Technologies Offer Benefits Extending Beyond Vision Correction
  • High-tech Contact Lenses to Redefine Market Landscape
  • Smart Contact Lenses
  • 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
  • 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
  • Recycling of Contact Lenses: A New Trend
  • 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
  • Exhibit 6: Total Population Worldwide by Urban and Rural Population in Thousands: 1950-2050
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • Market Overview
  • Covid-19 Puts a Brake on Contact Lens Uptake
  • Long Term Growth Prospects
  • US Eye-Care Market: Key Vision Statistics
  • Daily-Contact Lenses Reports Strong Growth
  • Exhibit 7: US Soft Contact Lens Market (2019): Percentage Share Breakdown by Lens Modality
  • Astigmats and Presbyopes Drive Demand for Contact Lenses
  • Exhibit 8: US Population Distribution by Age Group
  • Surge in Adoption of Silicone Hydrogels
  • Market Structure and Competition
  • Exhibit 9: US Contact Lenses Market (2020): 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
  • Exhibit 10: US Contact Lenses Market (2019): Percentage Share Breakdown of Sales by Distribution Channel
  • Direct-to-Consumer and Subscription Services Gain Traction
  • Regulatory Environment
  • Market Analytics
CANADA
  • Market Overview
  • Exhibit 11: Leading Players in the Canadian Contact lenses Market (2020E): Percentage Share Breakdown of Sales by Company
  • Market Analytics
JAPAN
  • Market Overview
  • Competition
  • Market Analytics
CHINA
  • Market Overview
  • Competition
  • Exhibit 12: Chinese Contact Lens Market (2020E): Percentage Breakdown of Share by Company
  • Market Analytics
EUROPE
  • Market Analytics
  • Market Overview
  • Contact Lens Wearer Base
  • Exhibit 13: Contact Lens Market in Europe (2019): Percentage Penetration of Contact lens (as % of total population of 15 to 64 years of age) by Country
FRANCE

GERMANY
  • Market Overview
  • Exhibit 14: Leading Players in German Contact Lenses Market (2020E): Percentage Breakdown of Sales by Company
  • Market Analytics
ITALY
  • Daily Disposable Lenses: A Popular Modality
UNITED KINGDOM
  • Market Overview
  • Retail Scenario
  • Market Analytics
SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • Market Overview
AUSTRALIA

INDIA
  • Market Overview
  • Competition
  • Exhibit 15: Leading Players in the Indian Contact Lens Market (2020e): Percentage Share Breakdown of Sales by Company
  • Contact Lens Distribution
  • Market Analytics
SOUTH KOREA
  • Market Overview
REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 72
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Alcon, Inc.
  • Bausch Health Companies, Inc.
  • CooperVision, Inc.
  • Ginko International Co., Ltd.
  • Johnson & Johnson Vision Care, Inc.
  • Menicon Co., Ltd
  • St. Shine Optical Co., Ltd.
Note: Product cover images may vary from those shown
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