$10.8 billion from the global contact lens industry to 2027

DUBLIN, October 18, 2022 /PRNewswire/ — The “Contact Lenses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.

The size of the global contact lens market has reached US$7.6 billion in 2021. Looking ahead, the publisher expects the market to reach US$10.8 billion by 2027, posting a CAGR of 6.03% over the period 2021-2027.

Bearing in mind the uncertainties associated with COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

Contact lenses are medical devices placed over the tear film covering the cornea to improve vision for people with refractive errors, such as myopia, hyperopia, astigmatism, and presbyopia. They are made using thin, transparent plastic discs and can be lightly tinted to enhance the hues and facilitate handling.

They usually require a prescription from the eye doctor to prevent future complications, including infection, inflammation, and loss of vision or blindness. Nowadays, several companies in the world offer custom lenses in different designs, depending on their intended purpose.

One of the major factors supporting the growth of the market is the rising incidence of common eye disorders and diseases. As vision weakens with age, the growing geriatric population in the world is positively influencing the demand for contact lenses for vision correction globally.

Other than that, contact lenses offer several advantages over glasses, including better peripheral vision, an unobstructed field of vision, and less chance of splashing. This, combined with the increasing participation of individuals in sports and physical activities, is increasing the adoption of contact lenses to minimize the risk of injury, provide better compatibility with safety equipment and improve the performance of individuals and athletes. .

Additionally, special lenses have been introduced to slow the progression of myopia in children. They help treat keratoconus and other corneal irregularities. Additionally, major players manufacture ultraviolet (UV) blocking lenses that protect the eyes from the sun’s rays, which can cause cataracts and other eye problems. They are also launching innovative colored lenses for cosmetic purposes which is expected to boost the market growth.

Competitive landscape:

The competitive landscape of the industry has also been examined along with the profiles of the major players, namely Alton Vision LLC, Bausch & Lomb Incorporated, Carl Zeiss AG, Contamac Holdings Limited, EssilorLuxottica SA, Hoya Corporation, Johnson & Johnson Services, Inc. ., Menicon Co. Limited, SEED Co. Limited, SynergEyes Inc. and Cooper Companies Inc.

Answers to key questions in this report:

  • How has the global contact lens market behaved so far and how will it behave in the coming years?
  • What has been the impact of COVID-19 on the global contact lens market?
  • What are the main regional markets?
  • What is the market breakdown based on material?
  • What is the market breakdown by design?
  • What is the breakdown of the market according to usage?
  • What is the market breakdown by application?
  • What is the market breakdown by distribution channel?
  • What are the different stages of the industry value chain?
  • What are the key drivers and challenges in the industry?
  • What is the structure of the global contact lens market and who are the major players?
  • How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global contact lens market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakdown by Material
6.1 Gas permeable
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Silicone hydrogel
6.2.1 Market trends
6.2.2 Market Forecast
6.3 Hybrid
6.3.1 Market trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market trends
6.4.2 Market Forecast

7 Market Breakdown by Design
7.1 Spherical
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Toric
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Multifocal
7.3.1 Market trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market trends
7.4.2 Market Forecast

8 Market Breakdown by Use
8.1 Daily disposable
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Disposable
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Frequent replacement
8.3.1 Market trends
8.3.2 Market Forecast
8.4 Traditional
8.4.1 Market trends
8.4.2 Market Forecast

9 Market Breakdown by Application
9.1 Fix
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Therapeutic
9.2.1 Market trends
9.2.2 Market Forecast
9.3 Cosmetics
9.3.1 Market trends
9.3.2 Market Forecast
9.4 Prosthetics
9.4.1 Market trends
9.4.2 Market Forecast
9.5 Lifestyle oriented
9.5.1 Market trends
9.5.2 Market Forecast

10 Market Breakdown by Distribution Channel
10.1 E-commerce
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Eye Care Professionals
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Retail Stores
10.3.1 Market Trends
10.3.2 Market Forecast

11 Market Breakdown by Region

12 SWOT Analysis

13 Value chain analysis

14 Analysis of the five forces of carriers

15 Price Analysis

16 Competitive landscape
16.1 Market structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Alton Vision LLC Company overview Product portfolio Finance
16.3.2 Bausch & Lomb Incorporated Presentation of the company Product portfolio Finance SWOT Analysis
16.3.3 Carl Zeiss AG Company Overview Product portfolio
16.3.4 Contamac Holdings Limited Company Overview Product portfolio
16.3.5 EssilorLuxottica SA Company Overview Product portfolio Finance
16.3.6 Hoya Company Company Overview Product portfolio Finance SWOT Analysis
16.3.7 Johnson & Johnson Services, Inc. Company Overview Product Portfolio Finance SWOT Analysis
16.3.8 Menicon Co. Limited Company Overview Product Portfolio Finance
16.3.9 SEED Co. Limited Company Overview Product Portfolio Finance
16.3.10 SynergEyes Inc. Company Overview Product Portfolio
16.3.11 Cooper Companies Inc. Company Overview Product Portfolio Finance SWOT Analysis

For more information on this report, visit https://www.researchandmarkets.com/r/izymn2

Media Contact:
Research and Markets
Laura Woodsenior
[email protected]

For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900

US Fax: 646-607-1907
Fax (outside the US): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets

Comments are closed.