Global Contact Lenses Market Size, Trends and Growth Opportunity, By Modality (Reusable and Disposable), By Design (Toric, Multifocal and Spherical), By Distribution (Retail Stores, Online Stores and Ophthalmologists), By Region and Forecast Till 2027.
Global Contact Lenses Market
The Global Contact Lenses Market was valued at USD 9.49 billion in 2021 and it is expected to reach
at USD 14.20 billion in 2027 at a CAGR of 5.6 % during forecast period 2022-2027.
Contact lens are thin, clear plastic disks you wear in your eye to improve vision. A corrective lens is
used to correct refractive errors and compensate for visual deficiencies such as myopia, hyperopia,
presbyopia and astigmatism. Basically, there are two types of contact lenses are hard and soft. The
rising prevalence of optical disorders fuel the growth of this market.
Market Drivers
Contact lenses are used to correct vision defects such as myopia, hyperopia, and presbyopia. The
rising prevalence of these defects among children and adult population. Continuous innovation in
new design, make comfortable and affordable to fits the entire customer’s requirement. Moreover
they are also used for cosmetics purposes such as enhancing color and reducing wrinkles. The
ecommerce segment is expected to grow due to its availability of affordable price throughout the
forecast period this lead to grow the contact lenses market.
Market Restraints
Lack of awareness among consumer about contact lenses is a restraining factor in the growth of this
market despite of being contact lenses have higher quality of life span than spectacles. Further
difficulty associated with the usage of contact lenses and high cost of contact lenses are some
restraining factor in contact lenses market growth.
COVID-19 Impact on Contact Lenses Fraction Market
With the outbreak of covid-19 the contact lenses market has adversely affected due to stringent
regulation and lockdown imposed by government retail stores, optometric stores and clinics have
closed and disruption in production and supply chain. Moreover, increased use of screen and virtual
meeting while work from home during pandemic witnessed a positive factor for this market.
Market Segmentation
The global contact lenses market segmented on the basis of modality, design and distribution. On
the basis of modality it is segmented into reusable and disposable. On the basis of design, it
segmented into toric, multifocal and spherical. On the basis of distribution, it segmented into retail
stores, online stores and ophthalmologists.
Regional Analysis
The global contact lenses market segmented into five regions North America, Europe, Latin America,
Asia Pacific, Middle East and Africa. North America dominated the contact lenses market share
followed by Asia Pacific. The growing patient population is suffering from vision defects and due to
rising awareness among patient towards correct vision treatment boost the growth of this market in
this region.
Key Players
Various key players are listed in this report such as Essilor International S.A., Alcon Vision LLC, Abbott
Medical Optics, Inc., CooperVision,Inc., Hoya Corporation, SynergEyes, Inc., X-Cel specialty Contacts,
Johnson & Johnson Vision Care,Inc. Medennium, Seed Co.,Ltd.
Market Taxonomy
By Modality
Reusable
Disposable
By Design
Toric
Multifocal
Spherical
By Distribution
Retail stores
Online stores
Ophthalmologists.
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Global Contact Lenses Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Contact Lenses Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Contact Lenses Market, By Modality
- 5.1 Y-o-Y Growth Comparison, By Modality
- 5.2 Global Contact Lenses Market Share Analysis, By Modality
- 5.3 Global Contact Lenses Market Size and Forecast, By Modality
- 5.3.1Veg
- 5.3.2 Non-Veg
- 6 Global Contact Lenses Market, By Design
- 6.1 Y-o-Y Growth Comparison, By Design
- 6.2 Global Contact Lenses Market Share Analysis, By Design
- 6.3 Global Contact Lenses Market Size and Forecast, By Design
- 6.3.1 Asian
- 6.3.2 Italian
- 6.3.3 Mexican
- 6.3.4 Others
- 7 Global Contact Lenses Market, By Distribution Channel
- 7.1 Y-o-Y Growth Comparison, By Distribution Channel
- 7.2 Global Contact Lenses Market Share Analysis, By Distribution Channel
- 7.3 Global Contact Lenses Market Share Analysis, By Distribution Channel
- 7.3.1 Retail Stores
- 7.3.2 Online Stores
- 7.3.4 Ophthalmologists
- 8 Global Contact Lenses Market, By Region
- 8.1 Global Contact Lenses Market Share Analysis, By Region
- 8.2 Global Contact Lenses Market Share Analysis, By Region
- 9 North America Contact Lenses Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Contact Lenses Market Share Analysis, By Modality
- 9.3 North America Contact Lenses Market Size and Forecast, By Design
- 9.4 North America Contact Lenses Market Size and Forecast, By Distribution Channel
- 9.5 North America Contact Lenses Market Size and Forecast, By Country
- 9.5.1 U.S
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 Europe Contact Lenses Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Contact Lenses Market Share Analysis, By Modality
- 10.3 Europe Contact Lenses Market Size and Forecast, By Design
- 10.4 Europe Contact Lenses Market Size and Forecast, By Distribution Channel
- 10.5 Europe Contact Lenses Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Contact Lenses Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Contact Lenses Market Size and Forecast, By Modality
- 11.3 Asia Pacific Contact Lenses Market Size and Forecast, By Design
- 11.4 Asia Pacific Contact Lenses Market Size and Forecast, By Distribution Channel
- 11.5 Asia Pacific Contact Lenses Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12 Latin America Contact Lenses Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Contact Lenses Market Size and Forecast, By Modality
- 12.3 Latin America Contact Lenses Market Size and Forecast, By Design
- 12.4 Latin America Contact Lenses Market Size and Forecast, By Distribution Channel
- 12.5 Latin America Contact Lenses Market Size and Forecast, Country
- 12.5.1 Brazil
- 12.5.2. Rest of Latin America
- 13 Middle East Contact Lenses Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle East Contact Lenses Market Share Analysis, By Modality
- 13.3 Middle East Contact Lenses Market Size and Forecast, By Design
- 13.4 Middle East Contact Lenses Market Size and Forecast, By Distribution Channel
- 13.4 Middle East Contact Lenses Market Size and Forecast, By Country
- 13.5.1. Saudi Arabia
- 13.5.2. UAE
- 13.5.3. Egypt
- 13.5.4. Kuwait
- 13.5.5. South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Essilor International S.A
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Alcon Vision LLC.
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Abbott Medical Optics, Inc.
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 CooperVision, Inc.
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
- 15.5 Hoya Corporation
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 SynergEyes, Inc.
- 15.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 X-Cel specialty Contacts
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Johnson & Johnson Vision Care,Inc.
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Medennium
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Seed Co.,Ltd
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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