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Global Corrective Contact Lenses Market 2017-2021

  • Published: Jun 2017
  • Pages: 72
  • SKU: IRTNTR13204
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This industry research report identifies Cooper, Johnson & Johnson, Novartis, and Valeant Pharmaceuticals as the key vendors in the global corrective contact lenses market. This industry research report also presents a detailed analysis of the market by product (soft contact lenses, RGP contact lenses, and hybrid contact lenses) and by geography (the Americas, APAC, and EMEA).

Overview of the global corrective contact lenses market

According to the corrective contact lenses industry analysis, this market will grow steadily at a CAGR of over 7% by 2021. This market research analysis identifies the rising cases of eye disorders as one of the primary growth factors for this market. The increase in the use of digital appliances and gadgets including gaming consoles, computers, and other electronic products is a major cause leading to the rise of eye disorders among the younger population. Also, the increase in smoking and ultraviolet light exposure also increases the number of cases of eye disorders such as refractive error, cataract, and glaucoma. The increase in diabetic population is another reason for the rise in the number of eye disorders since diabetes can result in glaucoma, retinopathy, cataracts, temporary blurring of vision, or even severe, permanent loss of vision. This will, in turn, fuel the demand for corrective contact lenses, subsequently fueling market growth. 

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Contact lenses provide better all-around vision, allowing clear peripheral vision, unlike glasses where only the objects in front of the person are clearly visible. Additionally, these lenses eliminate glare and are more comfortable to wear and carry around than glasses and are popular among sportspeople and athletes as they do not distract in any way and do not slip or steam up like spectacles during a match or an event. These advantages will increase the preference among end-users towards contact lenses over glasses, which will be one of the major corrective contact lenses market trends that will gain traction it the corrective contact lenses market during the next four years.

Competitive landscape and key vendors

The corrective contact lenses market is characterized by the presence of a few vendors and is competitive. The vendors in this market compete in terms of service, quality, pricing, and product differentiation. The competitive environment of the market will further intensify with an increase in product extensions, new product launches, and new applications of integrated product offerings.

The leading vendors in the market are 

  • Cooper
  • Johnson & Johnson
  • Novartis
  • Valeant Pharmaceuticals

The other prominent vendors in the market include Carl Zeiss, Contamac, Essilor International, HOYA, Menicon, Shanghai Hydron Contact Lens Optics (Ginko International), SynergEyes, and UltraVision CLPL.

Segmentation by product type and analysis of the corrective contact lenses market

Based on the corrective contact lenses industry statistics, soft contact lenses segment accounted for the major shares of the corrective contact lens market. The presence of materials such as silicone hydrogel in the soft contact lenses allows oxygen to pass through the eye cornea and enable high water retention, making them extremely comfortable for prolonged wear.

Geographical segmentation and analysis of the corrective contact lenses market

  • Americas
  • APAC
  • EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. The market in the region is largely driven by the rise in awareness of the uses of lenses in enhancing the aesthetic appeal and aiding in vision correction. Additionally, the expected rise in the number of middle-aged and senior consumers in this region will also boost the growth of this market during the forecast period.

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Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global corrective contact lenses market?
  • What are the key market trends impacting the growth of the global corrective contact lenses market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global corrective contact lenses market?
  • What are the market opportunities and threats faced by the vendors in the global corrective contact lenses market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global corrective contact lenses market?

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PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Geographical segmentation

  • Market overview
  • Corrective contact lenses market in Americas
  • Corrective contact lenses market in EMEA
  • Corrective contact lenses market in APAC

PART 07: Market segmentation  by product

  • Market overview
  • Global corrective soft contact lenses market
  • Global corrective RGP contact lenses market
  • Global corrective hybrid contact lenses market

PART 08: Decision framework

PART 09: Drivers and challenges

  • Market drivers
  • Market challenges

PART 10: Market trends

  • Technological product innovations
  • Rising preference for contact lenses over spectacles
  • Growing popularity of silicone hydrogel contact lenses

PART 11: Vendor landscape

  • Competitive scenario
  • Industry association
  • Investment opportunity analysis

PART 12: Key vendor analysis

  • Cooper
  • Johnson & Johnson
  • Novartis
  • Valeant Pharmaceuticals
  • Other prominent vendors

PART 13: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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