Contact Lenses Market Size, Share, Industry Analysis, Trends, Overview and Segmentation

Contact Lenses Market by Usage (Daily Wear, Extended Wear), Design (Monovision, Spherical, Multifocal, Toric), Material (PMMA, Hybrid, Silicone Hydrogel), Application (Orthokeratology, Decorative Lens), Distribution Channel, Region – Global Forecast to 2025

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An influential Contact Lenses Market document is a thorough investigation of the current scenario of the global market, which covers several market dynamics. Moreover, for the businesses, it is the most important to get a knowhow of consumer’s demands, preferences, attitudes, and their changing tastes about the specific product which can be studied via this report. To get knowledge of all the above things, this market report is made transparent, wide-ranging, and supreme in quality. This reliable Contact Lenses Market report is prepared with the detailed market analysis performed by a team of industry experts, skillful analysts, dynamic forecasters, and knowledgeable researchers.

The global contact lenses market size is projected to reach USD 10.2 billion by 2025 from USD 7.4 billion in 2020, at a CAGR of 6.7%. Market growth is driven mainly by the growing prevalence of myopia, increasing preference for contact lenses over prescription eyeglasses, and the ever-increasing geriatric population worldwide. The untapped emerging markets are expected to provide growth opportunities for players in the contact lenses market.

Low maintenance and easy wearability to drive the growth of daily wear contact lenses

The contact lenses market, by usage, is segmented into daily wear, extended wear, and traditional contact lenses. The daily wear contact lenses segment dominated the market in 2019. The large share of this segment can be attributed to their advantages—easy wearability, no requirement of lens cleaning (in the case of disposable daily wear contact lenses), and no requirement of overnight wear. These contact lenses do not have the issue of day-to-day accumulation of lens deposits and are more affordable than other types of contact lenses.

“Increasing prevalence of myopia to drive the growth of conventional contact lenses in 2019”

Based on application, the contact lenses market is segmented into conventional, orthokeratology (Ortho-k), and decorative contact lenses. The conventional lenses segment accounted for the largest share of contact lenses. The increasing prevalence of myopia, the rising geriatric population, and the growing preference for contact lenses over eyeglasses drive the growth of the conventional contact lenses market.

“Retail stores are the largest distribution channel segment in the contact lenses market in 2019”

Based on the distribution channel, the contact lenses market is segmented into retail stores, hospitals & clinics, and e-commerce. In 2019, retail stores accounted for the largest share of the contact lenses market, followed by hospitals & clinics and e-commerce. The large share of retail stores can be attributed to rising disposable income and the demand for cosmetic contact lenses. Moreover, these stores dispense OTC daily wear disposable contact lenses, resulting in a higher sales volume.

“North America dominated the contact lenses market in 2019”

The global contact lenses market has been segmented into five regional segments—North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2019, North America accounted for the largest share of the contact lenses market. The rising prevalence of age-related eye diseases, increasing healthcare expenditure, rising disposable income, and technological advancements in contact lenses and related products are driving the growth of the contact lenses market in North America.

The break-down of primary participants is as mentioned below:

  • By Company Type – Tier 1: 34.5%, Tier 2: 40.0%, and Tier 3: 25.5%
  • By Designation – C-level: 34.5%, Director-level: 45.5%, and Others: 20.0%
  • By Region – North America: 27.3%, Europe: 25.5%, Asia Pacific: 29.0%, RoW:18.2%

Research Coverage:

The report analyses the contact lenses market and aims at estimating the market size and future growth potential of various market segments based on products, distribution channels, and regions. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report

This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.

This report provides insights into:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the contact lenses market. The report analyzes this market by product type, distribution channel, and region
  • Market Development: Comprehensive information on the lucrative emerging markets, by-products, distribution channel, and region
  • Market Diversification: Exhaustive information about the product portfolios, growing geographies, recent developments, and investments in the contact lenses market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, and capabilities of the leading players in the contact lenses market

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition & Scope
1.2.1 Markets Covered
Figure 1 Contact Lenses Market
1.2.2 Years Considered For The Study
1.3 Currency
1.4 Stakeholders
1.5 Summary Of Changes

2 Research Methodology
2.1 Research Approach
Figure 2 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
Figure 3 Primary Sources
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
2.2 Market Size Estimation
Figure 5 Market Size Estimation: Revenue Share Analysis
Figure 6 Revenue Share Analysis Illustration
Figure 7 Country-Level Analysis Of The Contact Lenses Market
Figure 8 Approach 4: Top-Down Approach
2.3 Market Breakdown & Data Triangulation
Figure 9 Market Data Triangulation Methodology
2.4 Market Share Assumptions
2.5 Assumptions For The Study

3 Executive Summary
Figure 10 Contact Lenses Market, By Usage, 2020 Vs. 2025 (Usd Million)
Figure 11 Contact Lenses Market, By Design, 2020 Vs. 2025 (Usd Million)
Figure 12 Contact Lenses Market, By Material, 2020 Vs. 2025 (Usd Million)
Figure 13 Contact Lenses Market, By Application, 2020 Vs. 2025 (Usd Million)
Figure 14 Contact Lenses Market, By Distribution Channel, 2020 Vs. 2025 (Usd Million)
Figure 15 Geographical Snapshot Of The Contact Lenses Market

4 Premium Insights
4.1 Contact Lenses Market Overview
Figure 16 Emerging Countries To Offer Growth Opportunities For Market Players
4.2 Asia Pacific: Contact Lenses Market, By Usage And Country (2019)
Figure 17 Daily Wear Contact Lenses Segment Accounted For The Largest Market Share In 2019
4.3 Contact Lenses Market: Geographic Growth Opportunities
Figure 18 India To Register The Highest Growth Rate During The Forecast Period
4.4 Regional Mix: Contact Lenses Market (2020?2025)
Figure 19 North America To Dominate The Contact Lenses Market In 2025

5 Market Overview
5.1 Introduction
5.2 Market Dynamics: Impact Analysis
Figure 20 Contact Lenses Market: Drivers, Opportunities, And Challenges
5.2.1 Drivers
5.2.1.1 Growing Prevalence Of Myopia
Table 1 Myopia: Global Patient Population And Prevalence, 2000-2050
5.2.1.2 Growing Geriatric Population
Figure 21 Growth In The Geriatric Population, By Region, 2015-2050
5.2.1.3 Increasing Preference For Contact Lenses Over Prescription Eyeglasses
5.2.1.4 Impact Analysis
5.2.2 Opportunities
5.2.2.1 Untapped Emerging Markets
Table 2 Growing Geriatric Population In Developing Regions, 2000-2050
5.2.2.2 Impact Analysis
5.2.3 Challenges
5.2.3.1 Shortage Of Ophthalmologists
5.2.3.2 Impact Analysis
5.3 Regulatory Scenario For The Contact Lenses Market
5.3.1 North America
5.3.1.1 Us
Table 3 Us Fda: Medical Device Classification
5.3.1.2 Canada
5.3.2 Europe
5.3.3 Asia Pacific
5.3.3.1 Japan
5.3.3.2 China
5.3.3.3 Singapore
5.4 Impact Of Covid-19 On The Contact Lenses Market
5.4.1 Covid-19: Impact On Players

6 Technological Scenario
6.1 Key Technologies In The Contact Lenses Market
Table 4 Key Technologies In The Contact Lenses Market
6.1.1 Hydraclear Technology
6.1.2 Asd Technology
6.1.3 Lacreon Technology
6.1.4 Peg Technology
6.1.5 Pc Technology
6.1.6 Optimized Toric Lens Geometry Technology
6.1.7 Digital Zone Optics Lens Design Technology
6.1.8 Lightstream Lens Technology
6.1.9 Smart Contact Lens Technology
6.1.10 Light Intelligent/Adaptive Technology
6.2 Contact Lenses Market: Future Outlook

7 Contact Lenses Market, By Product Type
7.1 Introduction
Table 5 Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.2 Contact Lenses Market, By Usage
Table 6 Contact Lenses Market, By Usage, 2018-2025 (Usd Million)
7.2.1 Daily Wear Contact Lenses
7.2.1.1 Daily Wear Contact Lenses Accounted For The Largest Market Share In 2019
Table 7 Major Brands Of Daily Wear Contact Lenses
Table 8 Daily Wear Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.2.2 Extended Wear Contact Lenses
7.2.2.1 Better Clinical Performance And Extended Wearability To Drive Segment Growth
Table 9 Major Brands Of Extended Wear Contact Lenses
Table 10 Extended Wear Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.2.3 Traditional Contact Lenses
7.2.3.1 Market For Traditional Contact Lenses Is Expected To Be Cannibalized By Daily And Extended Wear Contact Lenses
Table 11 Traditional Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.3 Contact Lenses Market, By Design
Table 12 Contact Lenses Market, By Design, 2018-2025 (Usd Million)
7.3.1 Spherical Contact Lenses
7.3.1.1 The Rising Prevalence Of Myopia Is Driving The Growth Of The Spherical Contact Lenses Market
Figure 22 Number Of People With Myopia (Million) And Prevalence Of Myopia (%), Worldwide, 2000-2050
Table 13 Major Brands Of Spherical Contact Lenses
Table 14 Spherical Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.3.2 Toric Contact Lenses
7.3.2.1 Growing Prevalence Of Astigmatism To Drive The Growth Of The Toric Contact Lenses Market
Table 15 Major Brands Of Toric Contact Lenses
Table 16 Toric Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.3.3 Multifocal Contact Lenses
7.3.3.1 Multifocal Contact Lenses To Register The Highest Growth Rate During The Forecast Period
Table 17 Major Brands Of Multifocal Contact Lenses
Table 18 Multifocal Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.3.4 Monovision Contact Lenses
7.3.4.1 Preference For Multifocal Lenses To Slow The Adoption Of Monovision Contact Lenses
Table 19 Monovision Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.3.5 Cosmetic Contact Lenses
7.3.5.1 The Growing Trend Of Changing Eye Appearance Is Driving The Demand For Cosmetic Contact Lenses
Table 20 Cosmetic Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.4 Contact Lenses Market, By Material
Table 21 Contact Lenses Market, By Material, 2018-2025 (Usd Million)
7.4.1 Silicone Hydrogel Contact Lenses
7.4.1.1 High Oxygen Permeability Of Silicone Hydrogel Contact Lenses Has Driven Their Adoption
Table 22 Major Brands Of Silicone Hydrogel Contact Lenses
Table 23 Silicone Hydrogel Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.4.2 Hydrogel Contact Lenses
7.4.2.1 The Contact Lenses Market Is Experiencing A Notable Shift From Hydrogel To Silicone Hydrogel Contact Lenses
Table 24 Hydrogel Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.4.3 Gas-Permeable Contact Lenses
7.4.3.1 Gas-Permeable Contact Lenses Have Replaced Non-Porous Pmma Contact Lenses In Recent Years
Table 25 Gas-Permeable Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.4.4 Hybrid Contact Lenses
7.4.4.1 Increasing Number Of Refractive Surgeries Drive The Growth Of Hybrid Contact Lenses
Table 26 Hybrid Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.4.5 Polymethyl Methacrylate Contact Lenses
7.4.5.1 Growing Demand For Hydrogel And Silicone Hydrogel Lenses To Significantly Decrease The Adoption Of Pmma Lenses
Table 27 Polymethyl Methacrylate Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.5 Contact Lenses Market, By Color Variation
Table 28 Contact Lenses Market, By Color Variation, 2018-2025 (Usd Million)
7.5.1 Opaque Contact Lenses
7.5.1.1 Opaque Lenses Held The Largest Share Of The Market, By Color Variation
Table 29 Opaque Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.5.2 Enhanced Contact Lenses
7.5.2.1 Growing Adoption Of Enhanced/Tinted Lenses In The Entertainment Sector Is A Key Market Driver
Table 30 Enhanced Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.5.3 Visibility Tinted Contact Lenses
7.5.3.1 Easy Availability And The Emergence Of Local Players Drive The Market
Table 31 Visibility Tinted Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.6 Contact Lenses Market, By Application
Table 32 Contact Lenses Market, By Application, 2018-2025 (Usd Million)
7.6.1 Conventional Contact Lenses
7.6.1.1 The Increasing Prevalence Of Myopia Is One Of The Major Factors Supporting The Demand For Conventional Contact Lenses
Table 33 Conventional Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.6.2 Orthokeratology Contact Lenses
7.6.2.1 Technological Advancements And The Rising Prevalence Of Myopia Drive Demand For Contact Lenses In Orthokeratology
Table 34 Orthokeratology Contact Lenses Market, By Country, 2018-2025 (Usd Million)
7.6.3 Decorative Contact Lenses
7.6.3.1 Decorative Contact Lenses Market To Register A High Growth Rate During The Forecast Period
Table 35 Decorative Contact Lenses Market, By Country, 2018-2025 (Usd Million)

8 Contact Lenses Market, By Distribution Channel
8.1 Introduction
Table 36 Contact Lenses Market, By Distribution Channel, 2018-2025 (Usd Million)
8.1.1 Impact Of Covid-19 On The Market, By Distribution Channel
8.1.2 Retail Stores
8.1.2.1 Retail Stores Accounted For The Largest Share Of The Contact Lenses Market In 2019
Table 37 Contact Lenses Market For Retail Stores, By Country, 2018-2025 (Usd Million)
8.1.3 Hospitals & Clinics
8.1.3.1 Growing Number Of Hospitals In Developing Countries To Drive The Growth Of The Hospitals & Clinics Segment
Table 38 Contact Lenses Market For Hospitals & Clinics, By Country, 2018-2025 (Usd Million)
8.1.4 E-Commerce
8.1.4.1 Growing Trend Of Online Purchases To Drive The Market
Figure 23 Share Of Contact Lens Purchases Made Online In The Us, 2013-2016
Table 39 Contact Lenses Market For E-Commerce, By Country, 2018-2025 (Usd Million)

9 Contact Lenses Market, By Region

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