0

Ophthalmic Lens Market by End-user, Product and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 166
  • SKU: IRTNTR43602
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single:

    One user only.
    Quick & easy download option

  • Enterprise:

    Unlimited user access (Within your organization)
    Complimentary Customization Included

2500 USD

The ophthalmic lens market is estimated to grow at a CAGR of 4.85% between 2022 and 2027. The size of the market is forecast to increase by USD 14.3 billion. The growth of the market depends on serval factors, including the increasing prevalence of refractive errors, technological advances in ophthalmic lenses, and initiatives to create awareness about benefits and advances in ophthalmic lenses.

This report extensively covers market segmentation by end-user (consumers, hospitals and clinics, and ambulatory surgery centers), product (spectacle lens, contact lens, and IOLs), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Ophthalmic Lens Market During the Forecast Period?

Ophthalmic Lens Market Size

To learn more about this report, Download Report Sample

Parent Market Analysis

The reports categorize the global ophthalmic lenses market as a part of the global healthcare equipment market. The parent global healthcare equipment market covers products and companies engaged in research and development (R&D) of a variety of product categories, including capital equipment, instruments, implants, accessories, and consumables that are used for the diagnosis, monitoring, and treatment of various diseases. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Ophthalmic Lens Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing prevalence of refractive errors is notably driving the market growth, although factors such as the high cost of ophthalmic lenses may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Ophthalmic Lens Market Driver

The increasing prevalence of refractive errors is notably driving market growth. Myopia is the most common refractive error, which first manifests in children of school-going age and typically progresses until about age 20 as the eyes continue to grow during childhood. Hyperopia, also known as hypermetropia, can affect both children and adults, it is one of the leading causes of visual impairment.  Astigmatism is caused by an irregular curvature of the eye's cornea or lens. Presbyopia is an age-related refractive error. A cataract is an ophthalmic disorder that causes clouding of the eye lens. The aging population has a high risk of presbyopia and cataract. Hence, there is an increasing demand for ophthalmic lenses for vision correction with the growing prevalence of refractive errors and cataracts.

The global aging population is growing rapidly due to the rise in average life expectancy. The aging population has a high risk of presbyopia and cataract. A cataract is very common in the elderly; as a person ages, some of the protein may clump together and start to cloud a small area of the lens. As the clouding increases, visualization becomes distorted and ultimately leads to loss of vision. In 2020, approximately 722 million people were aged 65 years and above globally. This number is expected to increase to approximately 810 million by 2025. Hence, there is an increasing demand for ophthalmic lenses for vision correction with the growing prevalence of refractive errors and cataracts.

Key Ophthalmic Lens Market Trend

An increase in acquisitions and partnerships is the key trend in the market.  The competition among existing vendors in the global contact lens market is intense. Hence, they are opting for strategic partnerships and acquisitions with market participants such as product providers, technology providers, and platform providers. Through acquisitions and strategic partnerships, vendors have strengthened their technological competence, product portfolio, and geographic reach. Such collaborations also enable vendors to explore new opportunities for their products and services and generate revenue through the sales of their products and services to a wide customer base. For instance, in April 2021, CooperVision acquired No7 Contact Lenses, a designer and manufacturer of Specialty EyeCare, to expand its business in specialty eye care. Similarly, in February 2020, two major manufacturers in the optical industry, namely EssilorLuxottica and GrandVision, decided to merge their operations. The growing number of strategic partnerships and acquisitions between vendors and market participants will drive the growth of the market during the forecast period.

Key Ophthalmic Lens Market Challenge

One of the key challenges affecting the market growth is the high cost of ophthalmic lenses. The cost of ophthalmic lenses has significantly increased with advances in technology. The cost varies depending on the type of lens. For instance, the cost of HD spectacle glass lenses is 25%-30% more than traditional spectacle glass lenses. The annual cost of daily disposable soft contact lenses, toric contact lenses, and bifocal contact lenses is 2-3 times higher than the annual cost of normal disposable soft contact lenses that are to be replaced every two weeks. The cost burden further increases with the cost of contact lens solutions. Premium IOLs have a greater success rate and provide better visual function and greater spectacle independence than standard mono-focal lenses. However, the adoption of premium IOLs is low due to the high cost of such implants. Hence, the high cost of lenses will restrict the growth of the market.

Key Ophthalmic Lens Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Ophthalmic Lens Market Share by Geography

Global Ophthalmic Lens Market Customer Landscape

Who are the Major Ophthalmic Lens Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Johnson and Johnson - The company offers Ophthalmic lenses through its brands such as JNJVISIONPRO.COM. This segment also includes a broad range of products used in the orthopedic, surgery, interventional solutions, diabetes care, and eye health fields. Additionally, the company caters to pharmaceutical, women's health, and wound care markets under the consumer segment.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Corning Inc.
  • EssilorLuxottica
  • EssilorLuxottica SA
  • Halma Plc
  • HOYA Corp.
  • Jiangsu Hongchen Group Co. Ltd.
  • Mitsui Chemicals Inc
  • Nikon Corp.
  • Privo
  • Rodenstock GmBH
  • Shamir Ltd.
  • SynergEyes Inc.
  • The Cooper Companies Inc.
  • The Walman Optical Co.
  • VISION EASE

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Ophthalmic Lens Market?

The market share growth by the consumer segment will be significant during the forecast period. The consumer segment holds the largest share of the ophthalmic lens market in 2022. As the awareness of vision-impairing conditions and the available corrective solutions will increase, the demand for ophthalmic lenses will also increase, stimulating market growth.

Ophthalmic Lens Market Size

Get a glance at the market contribution of various segments Request a PDF Sample

The consumer segment shows a gradual increase in the market share of USD 22.49 billion in 2017 and continue to grow by 2021. In this segment, the adoption of digital technologies such as smartphones, laptops, and computers is constantly expanding as they have become part of the world. Due to the increased use of digital devices, many people suffer from digital eye strain, which includes redness, eye strain, and dryness that cause vision problems. Such factors will increase segment growth during the forecast period.

Which are the Key Regions for the Ophthalmic Lens Market?

Ophthalmic Lens Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

North America is projected to contribute 45% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America accounts for the largest revenue share of the global ophthalmic lens market. The US is the largest revenue contributor in this region, followed by Canada. The market growth in North America can be attributed to the increasing prevalence of refractive errors, the growing aging population, increasing healthcare expenditure, the high demand for advanced ophthalmic lenses, advanced healthcare infrastructure, and the strong market presence of leading vendors. 

In North America, the prevalence of myopia among children of school-going age increased by 1.4 to 3 times in 2020 when compared with the previous five years, and the prevalence of presbyopia was estimated to have increased from approximately 40% in 2013 to 41% by 2020. Moreover, the rise in disposable income has fueled the demand for advanced ophthalmic lenses, thereby driving the ophthalmic lenses market growth.

The COVID-19 pandemic led to a decline in the growth rate of the market in North America in 2020. However, in the second half of 2020, due to large-scale vaccination drives, lockdown-related restrictions in various countries were relaxed to some extent, which allowed the movement of people and thus led to an increase in the number of people visiting diagnostic centers, ASCs, and hospitals for eye tests and cataract surgeries. Additionally, the reopening of the supply chain and rescheduling of postponed eye treatment led to an increase in demand for ophthalmic lenses. Thus, due to all such factors, the regional market is expected to witness significant growth during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by end-user (consumers, hospitals and clinics, and ambulatory surgery centers), product (spectacle lens, contact lens, and IOLs), and geography (North America, Europe, Asia, and Rest of World (ROW)).

  • End-user Outlook (USD Billion, 2017 - 2027)
    • Consumers
    • Hospitals and clinics
    • Ambulatory surgery centers
  • Product Outlook (USD Billion, 2017 - 2027)
    • Spectacle lens
    • Contact lens
    • IOLs
  • Region Outlook (USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia
      • China
      • India
      • Singapore
    • Rest of World (ROW)
      • Brazil
      • Argentina
      • Rest of the Middle East & Africa

Ophthalmic Lens Market Scope

Report Coverage

Details

Page number

166

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.85%

Market growth 2023-2027

USD 14.3 billion

Market structure

Fragmented

YoY growth (%)

4.45

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 45%

Key countries

US, Germany, France, China, and Japan

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Aksh Optifibre, Alcon Inc., Alpine Research Optics, Bausch Health Co. Inc., Bod Lenses, Camax Optical Corp., Carl Zeiss AG, Corning Inc., EssilorLuxottica, EssilorLuxottica SA, Halma Plc, HOYA Corp., Jiangsu Hongchen Group Co. Ltd., Johnson and Johnson, Mitsui Chemicals Inc, Nikon Corp., Privo, Rodenstock GmBH, Shamir Ltd., SynergEyes Inc., The Cooper Companies Inc., The Walman Optical Co., and VISION EASE

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request PDF sample

What are the Key Data Covered in this Ophthalmic Lens Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the ophthalmic lens market between 2023 and 2027
  • Precise estimation size of the ophthalmic lens market size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, Asia, and Rest of World (ROW)
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of ophthalmic lens market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global ophthalmic lens market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global ophthalmic lens market 2017 - 2021 ($ billion)
    • 4.2 End users Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – End users Segment 2017 - 2021 ($ billion)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
    • 6.2 Comparison by End-user
      • Exhibit 32: Chart on Comparison by End-user
      • Exhibit 33: Data Table on Comparison by End-user
    • 6.3 Consumers - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Consumers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Consumers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Consumers - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Consumers - Year-over-year growth 2022-2027 (%)
    • 6.4 Hospitals and clinics - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Hospitals and clinics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Hospitals and clinics - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Hospitals and clinics - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Hospitals and clinics - Year-over-year growth 2022-2027 (%)
    • 6.5 Ambulatory surgery centers - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Ambulatory surgery centers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Data Table on Ambulatory surgery centers - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 44: Chart on Ambulatory surgery centers - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Ambulatory surgery centers - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 46: Market opportunity by End-user ($ billion)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 47: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 49: Chart on Comparison by Product
      • Exhibit 50: Data Table on Comparison by Product
    • 7.3 Spectacle lens - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Spectacle lens - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Spectacle lens - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Spectacle lens - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Spectacle lens - Year-over-year growth 2022-2027 (%)
    • 7.4 Contact lens - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Contact lens - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Contact lens - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Contact lens - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Contact lens - Year-over-year growth 2022-2027 (%)
    • 7.5 IOLs - Market size and forecast 2022-2027
      • Exhibit 59: Chart on IOLs - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on IOLs - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on IOLs - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on IOLs - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 63: Market opportunity by Product ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 Asia - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Asia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Asia - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • 9.7 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 France - Market size and forecast 2022-2027
      • Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Alpine Research Optics
              • Exhibit 112: Alpine Research Optics - Overview
              • Exhibit 113: Alpine Research Optics - Product / Service
              • Exhibit 114: Alpine Research Optics - Key offerings
            • 12.4 Bausch Health Co. Inc.
              • Exhibit 115: Bausch Health Co. Inc. - Overview
              • Exhibit 116: Bausch Health Co. Inc. - Business segments
              • Exhibit 117: Bausch Health Co. Inc. - Key news
              • Exhibit 118: Bausch Health Co. Inc. - Key offerings
              • Exhibit 119: Bausch Health Co. Inc. - Segment focus
            • 12.5 Camax Optical Corp.
              • Exhibit 120: Camax Optical Corp. - Overview
              • Exhibit 121: Camax Optical Corp. - Product / Service
              • Exhibit 122: Camax Optical Corp. - Key offerings
            • 12.6 Carl Zeiss AG
              • Exhibit 123: Carl Zeiss AG - Overview
              • Exhibit 124: Carl Zeiss AG - Business segments
              • Exhibit 125: Carl Zeiss AG - Key offerings
              • Exhibit 126: Carl Zeiss AG - Segment focus
            • 12.7 Corning Inc.
              • Exhibit 127: Corning Inc. - Overview
              • Exhibit 128: Corning Inc. - Business segments
              • Exhibit 129: Corning Inc. - Key news
              • Exhibit 130: Corning Inc. - Key offerings
              • Exhibit 131: Corning Inc. - Segment focus
            • 12.8 EssilorLuxottica
              • Exhibit 132: EssilorLuxottica - Overview
              • Exhibit 133: EssilorLuxottica - Business segments
              • Exhibit 134: EssilorLuxottica - Key news
              • Exhibit 135: EssilorLuxottica - Key offerings
              • Exhibit 136: EssilorLuxottica - Segment focus
            • 12.9 EssilorLuxottica SA
              • Exhibit 137: EssilorLuxottica SA - Overview
              • Exhibit 138: EssilorLuxottica SA - Business segments
              • Exhibit 139: EssilorLuxottica SA - Key offerings
              • Exhibit 140: EssilorLuxottica SA - Segment focus
            • 12.10 Halma Plc
              • Exhibit 141: Halma Plc - Overview
              • Exhibit 142: Halma Plc - Business segments
              • Exhibit 143: Halma Plc - Key news
              • Exhibit 144: Halma Plc - Key offerings
              • Exhibit 145: Halma Plc - Segment focus
            • 12.11 HOYA Corp.
              • Exhibit 146: HOYA Corp. - Overview
              • Exhibit 147: HOYA Corp. - Business segments
              • Exhibit 148: HOYA Corp. - Key offerings
              • Exhibit 149: HOYA Corp. - Segment focus
            • 12.12 Jiangsu Hongchen Group Co. Ltd.
              • Exhibit 150: Jiangsu Hongchen Group Co. Ltd. - Overview
              • Exhibit 151: Jiangsu Hongchen Group Co. Ltd. - Product / Service
              • Exhibit 152: Jiangsu Hongchen Group Co. Ltd. - Key offerings
            • 12.13 Johnson and Johnson
              • Exhibit 153: Johnson and Johnson - Overview
              • Exhibit 154: Johnson and Johnson - Business segments
              • Exhibit 155: Johnson and Johnson - Key news
              • Exhibit 156: Johnson and Johnson - Key offerings
              • Exhibit 157: Johnson and Johnson - Segment focus
            • 12.14 Mitsui Chemicals Inc
              • Exhibit 158: Mitsui Chemicals Inc - Overview
              • Exhibit 159: Mitsui Chemicals Inc - Business segments
              • Exhibit 160: Mitsui Chemicals Inc - Key offerings
              • Exhibit 161: Mitsui Chemicals Inc - Segment focus
            • 12.15 Nikon Corp.
              • Exhibit 162: Nikon Corp. - Overview
              • Exhibit 163: Nikon Corp. - Business segments
              • Exhibit 164: Nikon Corp. - Key news
              • Exhibit 165: Nikon Corp. - Key offerings
              • Exhibit 166: Nikon Corp. - Segment focus
            • 12.16 Privo
              • Exhibit 167: Privo - Overview
              • Exhibit 168: Privo - Product / Service
              • Exhibit 169: Privo - Key offerings
            • 12.17 VISION EASE
              • Exhibit 170: VISION EASE - Overview
              • Exhibit 171: VISION EASE - Product / Service
              • Exhibit 172: VISION EASE - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 173: Inclusions checklist
                • Exhibit 174: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 175: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 176: Research methodology
                • Exhibit 177: Validation techniques employed for market sizing
                • Exhibit 178: Information sources
              • 13.5 List of abbreviations
                • Exhibit 179: 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
              Technavio

              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
              Technavio

              TechnavioREPORT WRITING

              Qualitative

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

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
              Get your sample now!
              Ophthalmic Lens market growth will increase by $14.3 billion during 2023-2027.
              The ophthalmic lens market is expected to grow at a CAGR of 4.85% during 2023-2027.
              Technavio has segmented the ophthalmic lens market by end-user (Consumers, Hospitals and clinics, and Ambulatory surgery centers) ,product (Spectacle lens, Contact lens, IOLs, ROW, and MEA) , and geography (North America, Europe, Asia, and Rest of World (ROW)).
              Aksh Optifibre, Alcon Inc., Alpine Research Optics, Bausch Health Co. Inc., Bod Lenses, Camax Optical Corp., Carl Zeiss AG, Corning Inc., EssilorLuxottica, EssilorLuxottica SA, Halma Plc, HOYA Corp., Jiangsu Hongchen Group Co. Ltd., Johnson and Johnson, Mitsui Chemicals Inc, Nikon Corp., Privo, Rodenstock GmBH, Shamir Ltd., SynergEyes Inc., The Cooper Companies Inc., The Walman Optical Co., VISION EASE are a few of the key vendors in the ophthalmic lens market.
              North America will register the highest growth rate of 45.38% among the other regions. Therefore, the ophthalmic lens market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • Germany
              • France
              • China
              • Japan
              The key factors driving the ophthalmic lens market growth are:
              • Increasing prevalence of refractive errors
              • Increasing adoption of daily disposable contact lenses
              The ophthalmic lens market vendors should focus on grabbing business opportunities from the consumers segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis

              Certified ISO 9001 : 2015

              We are ISO recognized

              We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

              We are GDPR and CCPA compliant

              We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

              Safe and Secure SSL Encrypted
              Technavio

              info
              close
              • Single:

                One user only.
                Quick & easy download option

              • Enterprise:

                Unlimited user access (Within your organization)
                Complimentary Customization Included

              2500 USD

              Technavio Get the report (PDF) sent to your email within minutes.

              Subscribe & Save

              Get lifetime access to our
              Technavio Insights

              Customized Report as per your Business Needs

              • Our analysts will work directly with you and understand your needs
              • Get data on specified regions or segments, competitor and Vendors
              • Data will be formatted and presented as per your requirements
              • We offer $1000 worth of FREE customization at the time of purchase

              Let us help you make report more suited to your requirements.

              • Get a competitive breakdown as per your niche industry
              • Customize the data with various metrics that meet your business prerequisite
              • Understand Revenue Sources, Customers and many more
              • Details on Market Share
              • These customizations are done in a short amount of time by our analysts and industry experts
              Technavio
              Enquire Before Buying
              17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>