The Global Market for Contact Lenses to 2025: A $17.72 Billion Opportunity - Daily Disposable Lenses to Dominate During the Forecast Period

4/15, 9:50 AM (Source: GlobeNewswire)

Dublin, April 15, 2019 (GLOBE NEWSWIRE) -- The "Contact Lenses Market Size, Share & Trends Analysis Report By Material (Silicone Hydrogel, Hybrid), By Design (Spherical, Multifocal), By Application, By Distribution Channel, By Usage Type, And Segment Forecasts, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.

The global contact lenses market size is anticipated to reach USD 17.72 billion by 2025, according to this report. The market is estimated to expand at a CAGR of 5.6% over the forecast period.

Rising product demand and use of innovative materials in the manufacturing process are the key drivers of the market. Growing geriatric population base is also projected to augment the product demand. Furthermore, improvement in the overall economy and rising disposable income levels, especially in the developing regions, are likely to boost the demand further.

Based on products, the market can be categorized into gas permeable, silicon hydrogel, and hybrid contact lenses. Silicon hydrogel lenses offer numerous advantages, such as greater flexibility and comfort, as compared to gas permeable lenses. They are extensively used for ametropia correction as they permit extra oxygen to pass through to the wearer's cornea. Thus, the market for soft lenses is anticipated to grow at a faster pace over the forecast period. Hybrid contact lens segment is expected to register the highest growth over the forecast period.

Corrective lenses are widely used to correct refractive errors and compensate for visual deficiencies, such as myopia, hypermetropia/hyperopia, presbyopia, and astigmatism. In 2018, daily disposable lenses accounted for the largest market share and is projected to maintain the dominance during the estimated period due to rising preference for these lenses. Moreover, eye care professionals are now prescribing these lenses as they avoid problems associated with longer lens replacements. As a result, a number of key manufacturers are focusing on R&D for the development of innovative daily disposable lenses.

Further key findings from the study suggest:

  • Rising product demand across the globe is anticipated to drive the contact lenses market growth
  • The multifocal design segment is expected to register the highest CAGR of 7.7 % over the projected period
  • Asia Pacific is projected to be the fastest-growing regional market while North America is expected to be the largest market
  • Some of the key companies in the global market areJohnson & Johnson Services, Inc.; CIBA Vision (Alcon); CooperVision, Inc.; and Bausch & Lomb Inc.

Key Topics Covered

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.4 Research Scope and Assumptions

Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segmental Outlook

Chapter 3 Contact Lenses Market Variables, Trends & Scope
3.1 Penetration & Growth Prospect Mapping
3.2 Industry Value Chain Analysis
3.3 Technology Overview
3.4 Regulatory Framework
3.5 Market Dynamics
3.6 Contact Lenses Market Analysis Tools
3.7 Contact Lenses Market - Key Company Analysis, 2018
3.8 Silicone Hydrogel Lens - Adoption Trends
3.9 Drug Eluting Contact Lenses
3.10 Contact Lenses - Consumer Brand Preference & Distribution Channel Analysis

Chapter 4 Contact Lenses: Material Type Estimates and Trend Analysis
4.1 Contact Lenses Market: Material-Type Movement Analysis
4.1.1 Gas Permeable Lens
4.1.2 Silicone Hydrogel Lens
4.1.3 Hybrid Lens

Chapter 5 Contact Lenses: Design Type Estimates and Trend Analysis
5.1 Contact Lenses Market: Design-Type Movement Analysis
5.1.1 Spherical Lens
5.1.2 Toric Lens
5.1.3 Multifocal Lens
5.1.4 Other Lens

Chapter 6 Contact Lenses: Application Estimates and Trend Analysis
6.1 Contact Lenses Market: Application Movement Analysis
6.1.1 Corrective Lens
6.1.2 Therapeutic Lens
6.1.3 Cosmetic Lens
6.1.4 Prosthetic Lens
6.1.5 Lifestyle-Oriented Lens

Chapter 7 Contact Lenses: Distribution Channel Estimates and Trend Analysis
7.1 Contact Lenses Market: Distribution Channel Movement Analysis
7.1.1 E-Commerce
7.1.2 Eye Care Practitioners
7.1.3 Retail

Chapter 8 Contact Lenses: Usage Type Estimates and Trend Analysis
8.1 Contact Lenses Market: Usage Type Movement Analysis
8.1.1 Daily Disposable
8.1.2 Disposable
8.1.3 Frequently Disposable
8.1.4 Traditional Lenses

Chapter 9 Contact Lenses: Regional Estimates and Trend Analysis
9.1 Contact Lenses market share by Region, 2016 & 2025
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 MEA

Chapter 10 Competitive Landscape
10.1 Abbott Medical Optics Inc. (a subsidiary of Abbott Laboratories Inc.)
10.2 Alcon Laboratories Inc. (a subsidiary of Novartis International AG)
10.3 Bausch + Lomb Incorporated (a subsidiary of Valeant International Inc.)
10.4 Carl Zeiss AG (a subsidiary of Stiftung)
10.5 Contamac U.S. Inc.
10.6 CooperVision Inc. (a subsidiary of Cooper Companies Inc.)
10.7 Essilor International S.A.
10.8 Hoya Corporation
10.9 Johnson & Johnson Vision Care Inc. (a subsidiary of Johnson & Johnson)
10.10 Medennium
10.11 Seed Co. Ltd.
10.12 STAAR Surgical Company
10.13 SynergEyes Inc.
10.14 X-Cel Specialty Contacts (a subsidiary of Walman Company)

For more information about this report visit https://www.researchandmarkets.com/r/s0mk8h

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Related Topics: Optical , Eye Care and Eyewear

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