Market outlook of the global contact lens market
The global contact lens market is expected to grow steadily at a CAGR of around 10% during the forecast period. While the Americas have been dominating the global market since 2014, however, APAC is predicted to be the fastest-growing region in the market. Europe, which previously held the second highest position in the market is expected to witness a decline in market share due to product saturation.
The contact lens market is also seeing constant innovations based on new technology. For instance, Alcon, Novartis's contact lens manufacturing division, is in talks to license Google’s smart lens technology. This technology can be embedded in contact lenses along with sensors to help read a patient's glucose level. This information could then be transmitted wirelessly to the patient's mobile device for the convenience of both the patients and the doctors.
Leading vendors in the contact lens market
The top vendors in the market are: -
Alcon Inc.
Bausch & Lomb
Cooper Vision
Essilor
Johnson & Johnson
Other prominent vendors in the market are All Pro Intraocular Lens, Allied Medical, Blanchard, Carl Zeiss, Conforma, Contamac U.S., Eagle Optics, GKB, Hoya, Hydrogel Vision, Iridex, Medennium, Medicure Instruments, Nidek, Synergeyes, Wesley Jessen, and X-CEL Contacts.
Segmentation of the global contact lens market by product
Soft contact lens
RGP lens
Hybrid lens
The global contact lens market is dominated by the soft contact lenses segment, followed by RGP lenses and hybrid contact lenses, and this trend is expected to continue during the forecast period.
Segmentation of the global contact lens market by design
Spherical contact lens
Toric contact lens
Multifocal contact lens
Spherical lenses are used to correct myopia or hyperopia and oldest and most convenient contact lenses in use. They occupy the largest share of this segment at around 72%, followed by toric and multifocal contact lens.
Segmentation of the global contact lens market by usage
Corrective
Therapeutic
Cosmetic
The global corrective lens market is predicted to reach nearly $7 billion by 2019. The growing occurrence of vision disorders globally along with a growth in the number of people opting for contact lenses over glasses have been the major drivers for the growth of this market. Technavio’s analysts predict that while the three segments would witness a steady growth during the forecast period, the cosmetic contact lens market would see the fastest growth among them.
Segmentation of the global contact lens market by geography
Americas
Europe
APAC
The Americas has the largest revenue share in the global market of around 36%, followed by Europe and APAC. The report predicts that by the end of the forecast period, APAC would emerge as the fastest growing region, with countries like China and India being the major markets in this region. Nearly 75% of the population in Asia suffer from some form of myopia or hyperopia and require corrective lenses.
Other sections of the report include an analysis of the following
Key drivers, challenges, trends and their impact on the global contact lens market
Five forces analysis of the contact lens market
Market challenges for the global contact lens market
Detailed vendor analysis including key offerings
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PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market segmentation by product
Market size and forecast for the global soft contact lens market
Market size and forecast for the global RGP contact lens market
Market size and forecast for the global hybrid contact lens market
PART 07: Market segmentation by design
Market size and forecast for the global spherical contact lens market
Market size and forecast for global toric contact lens market
Market size and forecast for multifocal contact lens
Market size and forecast for other contact lens
PART 08: Market segmentation by usage
Market size and forecast for corrective contact lens
Market size and forecast for therapeutic contact lenses
Market size and forecast for cosmetic contact lenses
PART 09: Market Segmentation by demography
Demographic segmentation by gender
Demographic segmentation by age
PART 10: Geographical segmentation
Contact lens market in Americas
Contact lens market in Europe
Contact lens market in APAC
PART 11: Key leading countries
US
China
PART 12: Market segmentation by distribution channels
PART 13: Market drivers
PART 14: Impact of drivers
PART 15: Market challenges
PART 16: Impact of drivers and challenges
PART 17: Market trends
PART 18: Vendor landscape
Competitive Scenario
Major Vendors 2014
Other prominent vendors
PART 19: Key vendor analysis
Alcon
Bausch + Lomb
CooperVision
Essilor
Johnson & Johnson Vision Care
PART 20: Appendix
List of abbreviation
List of Exhibits:
Exhibit 01: Product offerings
Exhibit 02: Global contact lens market
Exhibit 03: Global contact lens market 2014-2019 ($ billions)
Exhibit 04: Global contact lens market 2014-2019 (million units)
Exhibit 05: Five forces analysis
Exhibit 06: Global contact lens market by product
Exhibit 07: Global contact lens market by product
Exhibit 08: Global soft contact lens market ($ billion)
Exhibit 09: Global RGP contact lens market ($ billion)
Exhibit 10: Global hybrid contact lens market ($ billions)
Exhibit 11: Global contact lens market by design
Exhibit 12: Global spherical contact lens market ($ billions)
Exhibit 13: Global toric contact lens market ($ billions)
Exhibit 14: Global multifocal contact lens market ($ billions)
Exhibit 15: Global other contact lens market ($ billions)
Exhibit 16: Global contact lens market by usage
Exhibit 17: Global contact lens market by usage
Exhibit 18: Global corrective contact lens market ($ billions)
Exhibit 19: Global therapeutic lenses market ($ billions)
Exhibit 20: Global cosmetic lenses market($ billions)
Exhibit 21: Global contact lens market by demography
Exhibit 22: Gender segmentation for contact lenses market
Exhibit 23: Demographic segmentation by age
Exhibit 24: Geographical segmentation of global contact lens market 2014
Exhibit 25: Geographical segmentation of the global contact lens market 2019
Exhibit 26: Global contact lens Market 2014-2019 (% share)
Exhibit 27: Contact lens market in Americas ($ billions)
Exhibit 28: Contact lens market in Europe ($ billions)
Exhibit 29: Contact lens market in Europe ($ billions)
Exhibit 30: Key leading countries
Exhibit 31: Global contact lens market by distribution channels
Exhibit 32: Global contact lens market by distribution channels
Exhibit 33: Impact of drivers
Exhibit 34: Impact of drivers and challenges
Exhibit 35: Major vendors of the global contact lens market 2014
Exhibit 36: Alcon: Business segmentation
Exhibit 37: Bausch + Lomb: Product Categories
Exhibit 38: Cooper Vision: Product Segmentation
Exhibit 39: Essilor: Product categories
Exhibit 40: Essilor: Business segmentation 2014 by revenue
Exhibit 41: Essilor: Business segmentation of lenses and optical instruments segment by revenue 2013 and 2014 ($billion)
Exhibit 42: Essilor: Geographical segmentation of lenses and optical instruments segment by revenue 2014
