Corrective Contact Lenses Market

Corrective Contact Lenses Market

Category : Healthcare & Life Sciences Reports | Delivery Format : PDF,PPT | Publisher: Reports and Insights | Pages : 150

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Corrective Contact Lenses Market Overview

The report is titled as ‘Corrective Contact Lenses Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the corrective contact lenses market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The corrective contact lenses market is expected to grow at a significant rate in the near future.

The global corrective contact lenses market in 2020 is estimated for more than US$ 9.0 Bn and expected to reach a value of US$ 14.9 Bn by 2028 with a significant CAGR of 6.6%.

Corrective Contact Lenses Introduction

The corrective contact lenses market is rising steadily and the market potential is continuously on rising as the average is of corrective contact lens wearers is becoming lower to 15 years. The global market for corrective contact lenses has seen significant technological transformations in the last decade.

For instance, the introduction of orthokeratology is proving to be a significant milestone in corrective contact lenses market developments. Orthokeratology is a process that uses specially designed GP contact lenses to temporarily reshape the contour of the cornea to reduce myopia or nearsightedness.

Orthokeratology lens or corrective contact lens reshapes the cornea and thus reduce refractive or vision errors. Treatment with a corrective contact lens lasts for one to two weeks. The corrective contact lenses are worn at night for several days and nearsightedness is gradually reduced. Corrective contact lens is the largest product type segment in the global contact lenses market contributing approximately 44% of the total revenue share.

Corrective Contact Lenses Market Dynamics

The corrective contact lenses market report explains the changing consumer behavior and market dynamics that influence the penetration of these products. Increasing consumer demand for corrective contact lenses in urban areas for developing countries such as India, Brazil, and others.

The growing prevalence of visual inaccuracies is the primary factor driving the growth of the corrective contact lenses market. Moreover, the evolution of production technologies for corrective contact lenses is expected to further push the growth of the corrective contact lenses market.

Growing awareness through social media marketing and the popularity of branded retail outlets or online retailing are some other important factors driving the growth of the corrective contact lenses market. This is also helping manufacturers of contact lenses to target a large customer base.

Although the penetration of corrective contact lenses in emerging economies is growing over time, high pricing issues persist which limits the growth of global corrective contact lenses market.

Corrective Contact Lenses Market Key Players

The corrective contact lenses market is consolidated and is mainly dominated by Novartis AG (Alcon), Johnson & Johnson, Cooper Vision, Bausch + Lomb, and Valeant Pharmaceuticals among others.

Corrective Contact Lenses Market Segmentation

The corrective contact lenses market is segmented on the basis of product type, design, distribution channels, and region.

On the basis of product type, the global corrective contact lenses market can be segmented into gas permeable lenses, soft contact lenses, and hybrid lenses.

On the basis of design, the global corrective contact lenses market can be segmented into Spherical lenses, multifocal lenses, toric lenses, and others.

Based on distribution channels global curative contact lenses market is segmented into contact lens clinics, online retailing channels, eye hospitals, and others.

The global corrective contact lenses market is expected to increase steadily over the forecast period owing to the increasing vision disabilities among the young generation, growing aesthetic and cosmetic values, and etc.

Corrective Contact Lenses Market Regional Overview & Analysis

On the basis of region, the global corrective contact lenses market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America corrective contact lenses market is expected to be the most dominating market throughout the forecast period due to the large consumer pool and awareness towards the use of the latest technologies such as Ortho-k. The presence of key market participants in Europe makes it the second most attractive market.

MMC Overview on Corrective Contact Lenses Market Report

The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.

A research report on the Corrective Contact Lenses market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth include (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Corrective Contact Lenses

•    Advantages of Corrective Contact Lenses

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at a regional level and in major countries globally for providing regional insights into the product segment in the report. This helps our clients to make informed decisions.

A mix of the top-down and bottom-up approach is followed to arrive at and validate our market value estimations. For a product segment wherein one/two manufacturer(s) dominates the market, its product sales, previous growth rates, and market expansion plans are considered to generate market share in the global market.


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1.    Global Corrective Lenses Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Corrective Lenses Market Overview

2.1.    Introduction

2.1.1.    Introduction

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Corrective Lenses Market Snapshot

2.4.    Global Corrective Lenses Market Size and Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Corrective Lenses Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Key Regulations

2.7.    Porter’s Five Forces Model

3.    Global Corrective Lenses Market, By Product Type

3.1.    Introduction

3.1.1.    Annual Growth Rate Comparison, By Product Type

3.1.2.    BPS Analysis, By Product Type

3.2.    Market Revenue (US$Mn) Forecast, By Product Type

3.2.1.    Gas Permeable Lenses

3.2.2.    Soft Contact Lenses

3.2.3.    Hybrid Lenses

3.3.    Global Corrective Lenses Market Attractiveness Index, By Product Type

4.    Global Corrective Lenses Market, By Design

4.1.    Introduction

4.1.1.    Annual Growth Rate Comparison, By Design

4.1.2.    BPS Analysis, By Design

4.2.    Market Revenue (US$Mn) Forecast, By Design

4.2.1.    Spherical Lenses

4.2.2.    Multifocal Lenses

4.2.3.    Toric Lenses

4.2.4.    Others

4.3.    Global Corrective Lenses Market Attractiveness Index, By Design

5.    Global Corrective Lenses Market, By Distribution Channel

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Distribution Channel

5.1.2.    BPS Analysis, By Distribution Channel

5.2.    Market Revenue (US$Mn) Forecast, By Distribution Channel

5.2.1.    Contact Lens Clinics

5.2.2.    Online Retailing

5.2.3.    Eye Hospitals

5.3.    Global Corrective Lenses Market Attractiveness Index, By Distribution Channel

6.    Global Corrective Lenses Market, By Region

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By Region

6.1.2.    BPS Analysis, By Region

6.2.    Market Revenue (US$Mn) Forecast, By Region

6.2.1.    North America

6.2.2.    Latin America

6.2.3.    Europe

6.2.4.    Asia Pacific

6.2.5.    Middle East and Africa

6.3.    Global Corrective Lenses Market Attractiveness Index, By Region

7.    North America Corrective Lenses Market Analysis and Forecast, 2020–2028

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Country

7.1.2.    BPS Analysis, By Country

7.2.    Market Revenue (US$Mn) Forecast, By Country

7.2.1.    U.S. Corrective Lenses Market

7.2.2.    Canada Corrective Lenses Market

7.3.    North America Corrective Lenses Market, By Product Type

7.3.1.    Spherical Lenses

7.3.2.    Multifocal Lenses

7.3.3.    Toric Lenses

7.3.4.    Others

7.4.    North America Corrective Lenses Market, By Distribution Channel

7.4.1.    Contact Lens Clinics

7.4.2.    Online Retailing

7.4.3.    Eye Hospitals

7.5.    North America Corrective Lenses Market Attractiveness Index

7.5.1.    By Country

7.5.2.    By Product Type

7.5.3.    By Distribution Channel

8.    Latin America Corrective Lenses Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market (US$Mn) Forecast, By Country

8.2.1.    Brazil Corrective Lenses Market

8.2.2.    Mexico Corrective Lenses Market

8.2.3.    Argentina Corrective Lenses Market

8.2.4.    Rest of Latin America Corrective Lenses Market

8.3.    Latin America Corrective Lenses Market, By Product Type

8.3.1.    Spherical Lenses

8.3.2.    Multifocal Lenses

8.3.3.    Toric Lenses

8.3.4.    Others

8.4.    Latin America Corrective Lenses Market, By Distribution Channel

8.4.1.    Contact Lens Clinics

8.4.2.    Online Retailing

8.4.3.    Eye Hospitals

8.5.    Latin America Corrective Lenses Market Attractiveness Index

8.5.1.    By Country

8.5.2.    By Product Type

8.5.3.    By Distribution Channel

9.    Europe Corrective Lenses Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    U.K. Corrective Lenses Market

9.2.2.    Germany Corrective Lenses Market

9.2.3.    Italy Corrective Lenses Market

9.2.4.    France Corrective Lenses Market

9.2.5.    Spain Corrective Lenses Market

9.2.6.    Russia Corrective Lenses Market

9.2.7.    Poland Corrective Lenses Market

9.2.8.    BENELUX Corrective Lenses Market

9.2.9.    NORDIC Corrective Lenses Market

9.2.10.    Rest of Europe Corrective Lenses Market

9.3.    Europe Corrective Lenses Market, By Product Type

9.3.1.    Spherical Lenses

9.3.2.    Multifocal Lenses

9.3.3.    Toric Lenses

9.3.4.    Others

9.4.    Europe Corrective Lenses Market, By Distribution Channel

9.4.1.    Contact Lens Clinics

9.4.2.    Online Retailing

9.4.3.    Eye Hospitals

9.5.    Europe Corrective Lenses Market Attractiveness Index

9.5.1.    By Country

9.5.2.    By Product Type

9.5.3.    By Distribution Channel

10.    Asia Pacific Corrective Lenses Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    China Corrective Lenses Market

10.2.2.    India Corrective Lenses Market

10.2.3.    Japan Corrective Lenses Market

10.2.4.    Australia and New Zealand Corrective Lenses Market

10.2.5.    South Korea Corrective Lenses Market

10.2.6.    ASEAN Corrective Lenses Market

10.2.7.    Rest of Asia Pacific Corrective Lenses Market

10.3.    Asia Pacific Corrective Lenses Market, By Product Type

10.3.1.    Spherical Lenses

10.3.2.    Multifocal Lenses

10.3.3.    Toric Lenses

10.3.4.    Others

10.4.    Asia Pacific Corrective Lenses Market, By Distribution Channel

10.4.1.    Contact Lens Clinics

10.4.2.    Online Retailing

10.4.3.    Eye Hospitals

10.5.    Asia Pacific Corrective Lenses Market Attractiveness Index

10.5.1.    By Country

10.5.2.    By Product Type

10.5.3.    By Distribution Channel

11.    Middle East Corrective Lenses Market, By Region, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    GCC Countries Corrective Lenses Market

11.2.2.    Israel Corrective Lenses Market

11.2.3.    Oman Corrective Lenses Market

11.2.4.    Rest of Middle East Corrective Lenses Market

11.3.    Middle East Corrective Lenses Market, By Product Type

11.3.1.    Spherical Lenses

11.3.2.    Multifocal Lenses

11.3.3.    Toric Lenses

11.3.4.    Others

11.4.    Middle East Corrective Lenses Market, By Distribution Channel

11.4.1.    Contact Lens Clinics

11.4.2.    Online Retailing

11.4.3.    Eye Hospitals

11.5.    Middle East Corrective Lenses Market Attractiveness Index

11.5.1.    By Country

11.5.2.    By Product Type

11.5.3.    By Distribution Channel

12.    Africa Corrective Lenses Market, By Region, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    South Africa Corrective Lenses Market

12.2.2.    Egypt Corrective Lenses Market

12.2.3.    North Africa Corrective Lenses Market

12.2.4.    Rest of Africa Corrective Lenses Market

12.3.    Africa Corrective Lenses Market, By Product Type

12.3.1.    Spherical Lenses

12.3.2.    Multifocal Lenses

12.3.3.    Toric Lenses

12.3.4.    Others

12.4.    Africa Corrective Lenses Market, By Distribution Channel

12.4.1.    Contact Lens Clinics

12.4.2.    Online Retailing

12.4.3.    Eye Hospitals

12.5.    Africa Corrective Lenses Market Attractiveness Index

12.5.1.    By Country

12.5.2.    By Product Type

12.5.3.    By Distribution Channel

13.    Recommendation

13.1.    Market Strategy

14.    Competitive Landscape

14.1.    Competition Dashboard

14.2.    List and Company Overview of Global Key Players

14.3.    Company Profiles

14.3.1.    Johnson & Johnson

14.3.1.1.    Company Overview

14.3.1.2.    Financial Overview

14.3.1.3.    Product Portfolio

14.3.1.4.    Key Developments

14.3.1.5.    Business Strategies

14.3.2.    Valeant Pharmaceuticals

14.3.3.    Novartis AG (Alcon)

14.3.4.    Cooper Vision

14.3.5.    Bausch + Lomb

14.3.6.    Carl Zeiss

14.3.7.    Contamac

14.3.8.    Essilor International

14.3.9.    HOYA

14.3.10.    Menicon

14.3.11.    Shanghai Hydron Contact Lens Optics (Ginko International)

14.3.12.    SynergEyes

14.3.13.    UltraVision CLPL

15.    Acronyms

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Frequently Asked Questions

The global corrective contact lenses market in 2020 is estimated for more than US$ 9.0 Bn and expected to reach a value of US$ 14.9 Bn by 2028 with a significant CAGR of 6.6%.

The growing prevalence of visual inaccuracies and growing awareness through social media marketing and the popularity of branded retail outlets or online retailing are some other important factors driving of the market

The corrective contact lenses market is segmented on the basis of product type, design, distribution channels, and region.

The corrective contact lenses market is consolidated and is mainly dominated by Novartis AG (Alcon), Johnson & Johnson, Cooper Vision, Bausch + Lomb, and Valeant Pharmaceuticals among others.



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