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Global Contact Lenses Market 2018-2024

March 2018 | 99 pages | ID: G7BF810FBB9EN
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Contact Lenses Market – Global Drivers, Restraints, Opportunities, Trends, and Forecasts: 2018–2024

Overview: The contact lenses market is highly lucrative due to growing popularity of contact lenses and increasing number of eye disorders. Technological advancements in contact lenses and increasing acceptance of silicone hydrogel contact lenses are providing an opportunity for the market growth. However, complications associated with contact lenses and the availability of alternatives for contact lenses are hampering the market growth.

Contact lenses may appear to be a recent trend in the vision care market, but they are dated back to 1880 when the first contact lens was invented. The contact lens users count is significantly increasing due to the availability of technologically improved products and better comfort, which can be used for a long time with less requirement of management. Currently, close vision problems are just over presbyopia. The research done by CooperVision suggested that regular users of these digital devices complain about eye tiredness (75%) and dryness. Over 90% of grownups use digital devices for more than 2 hours every day, and almost 60% use them for over 5 hours a day.

Market Analysis: The global contact lenses market is estimated to witness a CAGR of 6.4% during the forecast period 2018–2024. The market is analyzed based on four segments: products, designs, applications, and regions.

Regional Analysis: The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is the leading region for the contact lenses market growth followed by Europe. Asia Pacific and RoW are set to be the emerging regions. India and China are set to be the most attractive destinations due to the largely untapped market.

Products Analysis: Based on products, the market is segmented into soft lens, gas permeable lens, and hybrid lens. Soft lenses are further segmented into daily disposable, weekly disposable, monthly disposable, and annually disposable lenses. The market for daily disposable lenses is gaining importance in recent years and is expected to grow at the highest CAGR.

Design Analysis: Based on the design of the lens, the market is segmented into spherical lens, toric lens, and multifocal lens. The spherical lenses segment held nearly half of the market share in 2017 and is expected to grow at a steady rate during the forecast period. The highest growth rate is supposed to be seen in the multifocal contact lenses segment as these lenses provide a dual vision for individuals.

Application Analysis: Based on applications of contact lenses, the market is segmented into corrective, therapeutic, cosmetic, and others. Corrective contact lenses held a significant market share in 2017.

Key Players: Novartis AG, Cooper Companies (CooperVision), Johnson & Johnson, Valeant Pharmaceuticals International, Essilor International, Contamac Holdings Ltd., Carl Zeiss Meditec AG, Accu Lens, SynergEyes, and Hoya Corporation.

Competitive Analysis: Business partnerships, mergers & acquisitions, and a multifaceted pipeline are the primary strategies of the market players. The Vision Care franchise attained revenue of $4.1 billion in 2017, a rise of 45.9% from 2016, due to the acquisition of Abbott Medical Optics (AMO). In August 2017, Carl Zeiss announced the acquisition of Veracity Innovations, LLC to continue to lead in advancing the digitalization of eye care. Various companies are concentrating on growing geographically. For instance, CooperVision recently launched MyDay Toric daily disposable contact lenses in the US.

Benefits: The report provides complete details about the usage and adoption rate of contact lenses during the forecast period. With that, key stakeholders can know about the major trends, drivers, investments, and verticals along with the details of lenses available in the market. Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives the complete details about the key business opportunities to key stakeholders to expand their business and capture the revenue in the specific verticals to analyze before investing or expanding the business in this market.

Key Stakeholders:

1 INDUSTRY OUTLOOK

1.1 Industry Overview
1.2 Total Addressable Market
1.3 Industry Trends

2 REPORT OUTLINE

2.1 Report Scope
2.2 Report Summary
2.3 Research Methodology
2.4 Report Assumptions

3 MARKET SNAPSHOT

3.1 Market Definition – Infoholic Research
3.2 Segmented Addressable Market (SAM)
3.3 Trends of Contact Lens Market
3.4 Related Markets
  3.4.1 Opthalmic Drugs

4 MARKET OUTLINE

4.1 Revolution of Contact Lenses
4.2 Market Segmentation
4.3 Porter 5(Five) Forces
4.4 PEST Analysis

5 MARKET CHARACTERISTICS

5.1 Market Dynamics
  5.1.1 Drivers
    5.1.1.1 Increasing number of eye disorders
    5.1.1.2 Increasing popularity of contact lenses
  5.1.2 Opportunities
    5.1.2.1 Technological advancement in the contact lenses
    5.1.2.2 Increasing acceptance of silicone hydrogel contact lenses
  5.1.3 Restraints
    5.1.3.1 Complications associated with contact lenses
    5.1.3.2 Availability of Alternatives for the Contact Lenses
  5.1.4 DRO – Impact Analysis
  5.1.5 Key Stakeholders

6 PRODUCT TYPE: MARKET SIZE AND ANALYSIS

6.1 Overview
6.2 Soft Lens
  6.2.1 Daily Disposable
  6.2.2 Weekly Disposable
  6.2.3 Monthly Disposable
  6.2.4 Annually Disposable Contact Lenses
6.3 Gas Permeable lenses
6.4 Hybrid lens

7 DESIGN TYPE: MARKET SIZE AND ANALYSIS

7.1 Overview
7.2 Spherical lens
7.3 Toric lens
7.4 Multifocal Lens

8 PRODUCT TYPE: MARKET SIZE AND ANALYSIS

8.1 Overview
8.2 Corrective Lens
8.3 Therapeutic Lenses
8.4 Cosmetic Lens
8.5 Others contact lenses

9 REGIONS: MARKET SIZE AND ANALYSIS

9.1 Overview
9.2 North America
  9.2.1 Overview
  9.2.2 United States
  9.2.3 Canada
9.3 Europe
  9.3.1 Overview
  9.3.2 United Kingdom
  9.3.3 Germany
  9.3.4 France
9.4 APAC
  9.4.1 Overview
  9.4.2 India
  9.4.3 China
  9.4.4 Republic of Korea
9.5 Rest of the World
  9.5.1 Overview
  9.5.2 Middle East
  9.5.3 Brazil

10 COMPETITIVE LANDSCAPE

11 VENDOR PROFILES

11.1 Novartis AG (Alcon & CIBA Vision)
  11.1.1 Overview
  11.1.2 Business Unit
  11.1.3 Geographic Presence
  11.1.4 Business Focus
  11.1.5 SWOT Analysis
  11.1.6 Business Strategy
11.2 Cooper Companies (CooperVision)
  11.2.1 Overview
  11.2.2 Business Unit
  11.2.3 Geographic Presence
  11.2.4 Business Focus
  11.2.5 SWOT Analysis
  11.2.6 Business Strategy
11.3 Johnson & Johnson
  11.3.1 Overview
  11.3.2 Business Units
  11.3.3 Geographic Revenue
  11.3.4 Business Focus
  11.3.5 SWOT Analysis
  11.3.6 Business Strategies
11.4 Valeant Pharmaceuticals International Inc.
  11.4.1 Overview
  11.4.2 Business Unit
  11.4.3 Geographic Presence
  11.4.4 Business Focus
  11.4.5 SWOT Analysis
  11.4.6 Business Strategy

12 COMPANIES TO WATCH FOR

12.1 Essilor International
  12.1.1 Overview
  12.1.2 Highlights:
12.2 Contamac Holdings Limited
  12.2.1 Overview
12.3 Carl Zeiss Meditec AG
  12.3.1 Overview
12.4 Accu Lens
  12.4.1 Overview
  12.4.2 Highlights:
12.5 SynergEyes
  12.5.1 Overview
12.6 Hoya Corporation
  12.6.1 Overview
  12.6.2 Highlights:
Annexure
Abbreviations

Charts
Table 1 CONTACT LENS MARKET REVENUE BY PRODUCT TYPES, 2017–2024 ($MILLION)
Table 2 CONTACT LENS MARKET REVENUE BY PRODUCT TYPES, 2017–2024 ($MILLION)
Table 3 CONTACT LENS MARKET REVENUE BY PRODUCT TYPES, 2017–2024 ($MILLION)
Table 4 CONTACT LENSES MARKET REVENUE BY REGIONS, 2017–2024 ($MILLION)
Table 5 NOVARTIS AG: OFFERINGS
Table 6 NOVARTIS AG: RECENT DEVELOPMENTS
Table 7 COOPER COMPANIES INC: OFFERINGS
Table 8 COOPER COMPANIES INC: RECENT DEVELOPMENTS
Table 9 JOHNSON & JOHNSON: PRODUCT OFFERINGS
Table 10 JOHNSON & JOHNSON: RECENT DEVELOPMENTS
Table 11 VALEANT PHARMACEUTICALS INTERNATIONAL INC.: OFFERINGS
Table 12 VALEANT PHARMACEUTICALS INTERNATIONAL INC.: RECENT DEVELOPMENTS
Table 13 ESSILOR INTERNATIONAL: OVERVIEW
Table 14 ESSILOR INTERNATIONAL: RECENT DEVELOPMENTS
Table 15 CONTAMAC HOLDINGS LIMITED: RECENT DEVELOPMENTS
Table 16 CARL ZEISS MEDITEC AG: SNAPSHOT
Table 17 CARL ZEISS MEDITEC AG: RECENT DEVELOPMENTS
Table 18 ACCU LENS: OVERVIEW
Table 19 ACCU LENS: RECENT DEVELOPMENTS
Table 20 SYNERGEYES: RECENT DEVELOPMENTS
Table 21 SYNERGEYES: RECENT DEVELOPMENTS
Table 22 HOYA CORPORATORY: OVERVIEW
Table 23 HOYA CORPORATION: RECENT DEVELOPMENTS

Charts
Chart 1 CAUSES OF SIGHT LOSS GLOBALLY
Chart 2 TOTAL PERCENTAGE OF PEOPLE WHO USE CONTACT LENSES AND GLASSES GLOBALLY
Chart 3 RESEARCH METHODOLOGY OF GLOBAL CONTACT LENSES MARKET
Chart 4 OVERVIEW OF GLOBAL CONTACT LENSES USER STATISTICS
Chart 5 GLOBAL CONTACT LENSES MARKET REVENUE, 2017-2024 ($MILLION)
Chart 6 SEGMENTATION OF GLOBAL CONTACT LENSES MARKET
Chart 7 PORTER 5 FORCES OF CONTACT LENSES MARKET
Chart 8 PEST ANALYSIS OF CONTACT LENSES MARKET
Chart 9 MARKET DYNAMICS – DRO ANALYSIS
Chart 10 GLOBAL BLIND PEOPLE STATISTICS
Chart 11 DRO – IMPACT ANALYSIS OF GLOBAL CONTACT LENSES MARKET
Chart 12 KEY STAKEHOLDERS
Chart 13 CONTACT LENS MARKET BY PRODUCT TYPES SEGMENTATION, 2017 VS 2024 (%)
Chart 14 SOFT CONTACT LENS MARKET REVENUE, 2017-2024 ($MILLION)
Chart 15 SOFT CONTACT LENS MARKET REVENUE BY TYPES, 2017 & 2024 ($MILLION)
Chart 16 DAILY DISPOSABLE SOFT CONTACT LENS MARKET REVENUE, 2017-2024 ($MILLION)
Chart 17 WEEKLY DISPOSABLE CONTACT LENSES MARKET REVENUE, 2017-2024 ($MILLION)
Chart 18 MONTHLY DISPOSABLE CONTACT LENS MARKET REVENUE, 2017-2024 ($MILLION)
Chart 19 ANNUAL DISPOSABLE CONTACT LENS MARKET REVENUE, 2017-2024 ($MILLION)
Chart 20 GAS PERMEABLE LENSES MARKET REVENUE, 2017-2024 ($MILLION)
Chart 21 HYBRIDE CONTACT LENSES MARKET REVENUE, 2017-2024 ($MILLION)
Chart 22 CONTACT LENS MARKET BY DESIGN TYPES SEGMENTATION, 2017 VS 2024 (%)
Chart 23 SPHERICAL CONTACT LENSES MARKET REVENUE, 2017-2024 ($MILLION)
Chart 24 TORIC LENS MARKET REVENUE, 2017-2024 ($MILLION)
Chart 25 MULTIFOCAL CONTACT LENSES MARKET REVENUE, 2017-2024 ($MILLION)
Chart 26 CONTACT LENS MARKET BY PRODUCT TYPES SEGMENTATION, 2017 VS 2024 (%)
Chart 27 CORRECTIVE CONTACT LENSES MARKET REVENUE, 2017-2024 ($MILLION)
Chart 28 THERAPEUTIC CONTACT LENSES MARKET REVENUE, 2017-2024 ($MILLION)
Chart 29 COSMETIC CONTACT LENSES MARKET REVENUE, 2017-2024 ($MILLION)
Chart 30 OTHER CONTACT LENSES MARKET REVENUE, 2017-2024 ($MILLION)
Chart 31 CONTACT LENSES MARKET BY REGIONAL SEGMENTATION, 2017 VS 2024 (%)
Chart 32 CONTACT LENSES MARKET BY REGIONAL SEGMENTATION, 2017 VS 2024 (%)
Chart 33 CONTACT LENSES MARKET REVENUE IN NORTH AMERICA, 2017-2024 ($MILLION)
Chart 34 NORTH AMERICAN CONTACT LENSES MARKET REVENUE BY COUNTRIES, 2018 (%)
Chart 35 CONTACT LENSES MARKET REVENUE IN THE EUROPE REGION, 2017–2023 ($MILLION)
Chart 36 EUROPE CONTACT LENSES MARKET REVENUE BY COUNTRIES, 2018 (%)
Chart 37 CONTACT LENSES MARKET REVENUE IN THE APAC REGION, 2017-2024 ($MILLION)
Chart 38 CONTACT LENSES MARKET REVENUE IN REST OF THE WORLD, 2017–2024 ($MILLION)
Chart 39 MARKET SHARE OF SOFT CONTACT LENSES 2017 (%)
Chart 40 NOVARTIS AG: OVERVIEW SNAPSHOT
Chart 41 NOVARTIS AG: BUSINESS UNITS
Chart 42 NOVARTIS GA: GEOGRAPHICAL PRESENCE
Chart 43 NOVARTIS AG: SWOT ANALYSIS
Chart 44 COOPER COMPANIES INC: OVERVIEW SNAPSHOT
Chart 45 COOPER COMPANIES INC: BUSINESS UNITS
Chart 46 COOPER COMPANIES INC: GEOGRAPHIC PRESENCE
Chart 47 COOPER COMPANIES INC: SWOT ANALYSIS
Chart 48 JOHNSON & JOHNSON: OVERVIEW SNAPSHOT
Chart 49 JOHNSON & JOHNSON: BUSINESS UNITS
Chart 50 JOHNSON & JOHNSON: GEOGRAPHIC REVENUE
Chart 51 JOHNSON & JOHNSON: SWOT ANALYSIS
Chart 52 VALEANT PHARMACEUTICALS INTERNATIONAL INC: OVERVIEW SNAPSHOT
Chart 53 VALEANT PHARMACEUTICALS INTERNATIONAL INC: BUSINESS UNITS
Chart 54 VALEANT PHARMACEUTICALS INTERNATIONAL INC.: GEOGRAPHICAL PRESENCE
Chart 55 VALEANT PHARMACEUTICALS INTERNATIONAL INC: SWOT ANALYSIS


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