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The study considers a detailed scenario of the present contact lenses market and its market dynamics for 2023−2028 in Europe. IT covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. IT profiles and examines leading companies and other prominent players operating in the market.
KEY HIGHLIGHTS
- In Europe, the contact lenses market was valued at $2.23 billion in 2022 and is expected to grow at a CAGR of 5.26%.
- In Global, in 2022, Europe is accounting for a significant market share with more than 22.00%, which can be attributed to the increasing geriatric population, growing consumer awareness regarding contact lens usage, the high prevalence of chronic eye diseases, and the increasing adoption of contact lenses.
- In application type, the corrective lenses accounted for the highest share of 59.21% in 2022 and are projected to grow at the highest CAGR of 5.59% during the forecast period. The increasing demand for corrective lenses is due to the rising disease burden, increasing prevalence of chronic eye diseases, and rising geriatric population.
- by design, the spherical contact lenses segment accounted for the highest share of 68.43% in 2022 and is projected to grow at the highest CAGR of 4.61% during the forecast period. The increasing demand for spherical contact lenses is due to the number of chronic eye conditions, increased preference for contact lenses, and rise in the geriatric population.
- In usage type, the daily disposable contact lenses segment accounted for the highest share of 54.67% in 2022 and is projected to grow at the highest CAGR of 5.87% during the forecast period. The increasing demand for daily disposable contact lenses is due to the ease of use and reduced infection possibility.
VENDORS LIST
- Johnson & Johnson Vision Care
- Alcon Inc.
- The Cooper Companies
- HOYA Corp
- Essilor International
- Menicon Co.Ltd.,
- Carl Zeiss Meditec
- SynergEyes
- X-Cel Specialty Contacts
- Medennium
- STAAR Surgical Co.
- SEED CO. Ltd.
- Bausch + Lomb
- Contamac U.S. Inc.
PRODUCT SEGMENTATION & FORECAST
Application
- Corrective
- Therapeutic
- Cosmetic
Design type
- Spherical
- Toric
- Multifocal
Usage type
- Daily Disposable
- Frequent Replacement
Distribution type
- Retail Stores
- Hospitals & Eye Care Centers
- Online
Material type
- Silicone Hydrogels
- Hydrogels
- Others
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of Contact Lenses Market
- Key Vendors
- Other Prominent Vendors
APPENDIX
- Research Methodology
- Abbreviations
Table of Contents
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 92 |
| Published | August 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2.23 Billion |
| Forecasted Market Value ( USD | $ 3.03 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 14 |
