Contact Lenses Market Size Worth USD 11.91 Billion in 2028, at a CAGR of 6.2%, Market Trend – High demand for contact lenses from Asia Pacific

The global contact lenses market size reached USD 7.36 Billion in 2020 and is expected to register a CAGR of 6.2% during the forecast period

Contact lenses offer more comfort and convenience, and increasing consumer affordability due to rising disposable income along with easy availability of a wide range of products, are factors that are expected to continue to support global market growth going ahead.

The contact lenses market size is expected to reach USD 11.91 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Increase in refractive disorders among varying age groups, growing geriatric population, changing lifestyle, rapid urbanization, and increase in problems associated with diabetes are major factors boosting revenue growth of the global contact lenses market.

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Key players operating in the market are Johnson & Johnson, Bausch + Lomb, Alcon, Carl Zeiss Meditec AG, HOYA Corporation, The Cooper Companies, Seed Co., Ltd., EssilorLuxottica (France), BenQ Materials Corporation, and Menicon Co., Ltd.

Scope of the Report:

The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Contact Lenses market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.

For the purpose of this report, Emergen Research has segmented the global contact lenses market based on usage, design, material, application, marketing channel, and region:

  • Usage Outlook (Revenue: USD Billion; 2018–2028)
    • Daily Wear
      1. Disposable
      2. Reusable
    • Extended Wear
    • Traditional lenses
  • Design Outlook (Revenue: USD Billion; 2018–2028)
    • Monovision
    • Spherical
    • Toric
    • Multifocal
  • Material Outlook (Revenue: USD Billion; 2018–2028)
    • Hybrid
    • Silicone Hydrogel
    • Rigid Gas Permeable
    • PMMA
  • Application Outlook (Revenue: USD Billion; 2018–2028)
    • Therapeutic
    • Lifestyle-Oriented
    • Prosthetic
    • Cosmetic
    • Corrective
  • Marketing Channel Outlook (Revenue: USD Billion; 2018–2028)
    • Online
    • Offline
      1. Retail Stores
      2. Brand Showrooms

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The global Contact Lenses market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Contact Lenses market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Contact Lenses market.

Detailed Regional Analysis covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Objectives of the Report:

  • Study of the global Contact Lenses market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
  • Industrial structure analysis of the Contact Lenses market by identification of various sub-segments
  • Extensive analysis of key market players along with their SWOT analysis
  • Competitive landscape benchmarking
  • Analysis of Contact Lenses market based on growth trends, futuristic outlook, and contribution to the total growth of the market
  • Analysis of drivers, constraints, opportunities, challenges, and risks in the global Contact Lenses market
  • Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2018-2028

Chapter 3. Key Insights

Chapter 4. Contact Lenses Market Segmentation & Impact Analysis

    4.1. Contact Lenses Market Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

           Increase in the number of  eye diseases across the world

           Growing aging population

          4.2.3. Market restraints analysis

           High price of contact lens

           lack of professional eye care services

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis

Chapter 5. Contact Lenses Market By Usages Insights & Trends, Revenue (USD Billion)

    5.1. Usage Dynamics & Market Share, 2018 & 2028

          5.1.1. Daily Wear

          5.1.2. Extended Wear

          5.1.3. Traditional lenses

Chapter 6. Contact Lenses Market By Design Insights & Trends Revenue (USD Billion)

    6.1. Design Dynamics & Market Share, 2018 & 2028

          6.1.1. Monovision

          6.1.2. Spherical

          6.1.3. Toric

          6.1.4. Multifocal

Chapter 7. Contact Lenses Market By Material Insights & Trends Revenue (USD Billion)

    7.1. Material Dynamics & Market Share, 2018 & 2028

          7.1.1. Hybrid

          7.1.2. Silicone Hydrogel

          7.1.3. Rigid Gas Permeable

          7.1.4. PMMA


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