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Published: Mar, 2014 | Pages:
136 | Publisher: Grand View Research
Industry: Glass | Report Format: Electronic (PDF)
The global market for contact lenses is expected to reach USD 12.48 billion by 2020. Expanding user base coupled with aging population is expected to drive market growth over the next six years. Grand View Research also observes that growing need for enhancing aesthetic appearance is expected to fuel demand for cosmetic contact lenses.
Increasing incidences of ophthalmic disorders including myopia, hypermetropia and astigmatism is expected to positively impact the global market over the forecast period. Additionally, changes in lifestyle and growing elderly population have enhanced market penetration for corrective as well as cosmetic contact lenses over the last three years. Growing acceptance of procedures including PRK and LASIK on a global level may hinder market growth over the next six years.
Further key findings from the study suggest:
The global market was estimated to be 898.4 million units in 2013 and is expected to reach 1,132 million units by 2020, at an estimated CAGR of 3.4% from 2014 to 2020.
Soft contact lenses dominated the market and accounted for over 88% of the global demand in 2013. Demand for daily disposable contact lenses is expected to continue increasing over the forecast period, due to benefits such as high level of hygiene and lowered risk of infections. Rigid gas permeable (RGP) contact lens demand is mainly on account of their use in orthokeratology (ortho-k), astigmatism and presbyopia.
Spherical lenses are expected to continue leading the global market; the segment accounted for over 60% of the overall shipments in 2013. They are primarily prescribed for correcting disorders such as myopia and hypermetropia, and have a spherical surface. Multifocal contact lenses are expected to grow faster than the global average, driven by demand in treating presbyopia and other age-related ophthalmic ailments.
Corrective contact lenses demand accounted for over 40% of the overall market share in 2013; it is further expected to remain the largest usage segment over the forecast period. Therapeutic contact lenses which are used to treat aphakia and for pain relief are also expected to account for considerable market share in the coming years.
North America accounted for over 35% of the global demand in 2013, and is expected to remain the largest market over the next six years. Asia Pacific is estimated to be the fastest growing market, at an estimated CAGR of 3.9% from 2014 to 2020.
Key industry participants include Johnson & Johnson, CIBA Vision, Bausch & Lomb, and CooperVision among others. Product innovation and portfolio enhancement are among the major growth strategies followed by these companies.
For the purpose of this study, Grand View Research has segmented the global contact lenses market on the basis of product, design, usage and region:
Contact Lenses Product Outlook (Volume, Million Units and Revenue, USD Million; 2012 - 2020)
RGP Contact Lenses
Soft Contact Lenses
Daily Disposable
Weekly
Monthly
Annual
Extended Wear
Unplanned Replacement Schedule
Hybrid Contact Lenses
Contact Lenses Design Outlook (Volume, Million Units and Revenue, USD Million; 2012 - 2020)
Spherical Contact Lenses
Toric Contact Lenses
Multifocal Contact Lenses
Others
Contact Lenses Usage Outlook (Volume, Million Units and Revenue, USD Million; 2012 - 2020)
Corrective Contact Lenses
Therapeutic Contact Lenses
Cosmetic Contact Lenses
Prosthetic Contact Lenses
Lifestyle-Oriented Contact Lenses
Contact Lenses Regional Outlook (Volume, Million Units and Revenue, USD Million; 2012 - 2020)
North America
Europe
Asia Pacific
RoW
Table of Contents
Chapter 1 Executive Summary 1.1 Contact Lenses - Industry Summary & Critical Success Factors (CSFs) Chapter 2 Contact Lenses Industry Outlook 2.1 Market Segmentation 2.2 Market Size and Growth Prospects 2.3 Contact Lenses Value Chain Analysis 2.4 Contact Lenses Market Dynamics 2.5 Key Opportunities Prioritized 2.6 Industry Analysis - Porter's 2.7 Contact Lenses - Company Market Share Analysis 2.8 Contact Lenses - PESTEL Analysis 2.9 Contact Lenses - Distribution Channel Analysis Chapter 3 Contact Lenses Product Outlook 3.1 Rigid Gas Permeable (RGP) Contact Lenses 3.2 Soft Contact Lenses 3.2.1 Soft Contact Lenses Modality Outlook 3.2.1.1 Daily Disposable 3.2.1.2 Weekly (and two weeks) 3.2.1.3 Monthly 3.2.1.4 Annual 3.2.1.5 Extended Wear 3.2.1.6 Unplanned Replacement Schedule 3.3 Hybrid Contact Lenses Chapter 4 Contact Lenses Design Outlook 4.1 Spherical 4.2 Toric 4.3 Multifocal 4.4 Others Chapter 5 Contact Lenses Usage Outlook 5.1 Corrective Lenses 5.2 Therapeutic Lenses 5.3 Cosmetic Lenses 5.4 Prosthetic Lenses 5.5 Lifestyle-oriented Lenses Chapter 6 Contact Lenses Regional Outlook 6.1 North America 6.2 Europe 6.3 Asia Pacific 6.4 RoW Chapter 7 Competitive Landscape 7.1 Abbott Medical Optics, Inc. 7.1.1 Company Overview 7.1.2 Financial Performance 7.1.3 Product Benchmarking 7.1.4 Strategic Initiatives 7.2 Alcon Laboratories, Inc. 7.2.1 Company Overview 7.2.2 Financial Performance 7.2.3 Product Benchmarking 7.2.4 Strategic Initiatives 7.3 Bausch & Lomb 7.3.1 Company Overview 7.3.2 Financial Performance 7.3.3 Product Benchmarking 7.3.4 Strategic Initiatives 7.4 Carl Zeiss AG 7.4.1 Company Overview 7.4.2 Financial Performance 7.4.3 Product Benchmarking 7.4.4 Strategic Initiatives 7.5 CIBA Vision 7.5.1 Company Overview 7.5.2 Financial Performance 7.5.3 Product Benchmarking 7.5.4 Strategic Initiatives 7.6 Contamac U.S. 7.6.1 Company Overview 7.6.2 Financial Performance 7.6.3 Product Benchmarking 7.6.4 Strategic Initiatives 7.7 CooperVision 7.7.1 Company Overview 7.7.2 Financial Performance 7.7.3 Product Benchmarking 7.7.4 Strategic Initiatives 7.8 Eagle Optics Pvt. Limited 7.8.1 Company Overview 7.8.2 Financial Performance 7.8.3 Product Benchmarking 7.8.4 Strategic Initiatives 7.9 Essilor International 7.9.1 Company Overview 7.9.2 Financial Performance 7.9.3 Product Benchmarking 7.9.4 Strategic Initiatives 7.10 Hoya Corporation 7.10.1 Company Overview 7.10.2 Financial Performance 7.10.3 Product Benchmarking 7.10.4 Strategic Initiatives 7.11 Hydrogel Vision Corp 7.11.1 Company Overview 7.11.2 Financial Performance 7.11.3 Product Benchmarking 7.11.4 Strategic Initiatives 7.12 Johnson & Johnson 7.12.1 Company Overview 7.12.2 Financial Performance 7.12.3 Product Benchmarking 7.12.4 Strategic Initiatives 7.13 Medennium Inc. 7.13.1 Company Overview 7.13.2 Financial Performance 7.13.3 Product Benchmarking 7.13.4 Strategic Initiatives 7.14 STAAR Surgical Company 7.14.1 Company Overview 7.14.2 Financial Performance 7.14.3 Product Benchmarking 7.14.4 Strategic Initiatives 7.15 SynergEyes, Inc. 7.15.1 Company Overview 7.15.2 Financial Performance 7.15.3 Product Benchmarking 7.15.4 Strategic Initiatives Chapter 8 Methodology & Scope 8.1 Research Methodology 8.2 Research Scope & Assumptions 8.3 List of Data Sources List of Tables
Contact Lenses - Industry Summary & Critical Success Factors (CSFs) Global Contact Lenses Market (Volume & Revenue), 2012 - 2020 Global Contact Lenses Market Volume by Region, 2012 - 2020 (Million Units) Global Contact Lenses Market Revenue by Region, 2012 - 2020 (USD Million) Global Contact Lenses Market Volume by Product, 2012 - 2020 (Million Units) Global Contact Lenses Market Revenue by Product, 2012 - 2020 (USD Million) Global Contact Lenses Market Volume by Design, 2012 - 2020 (Million Units) Global Contact Lenses Market Revenue by Design, 2012 - 2020 (USD Million) Global Contact Lenses Market Volume by Usage, 2012 - 2020 (Million Units) Global Contact Lenses Market Revenue by Usage, 2012 - 2020 (USD Million) Global RGP contact lenses demand (Volume & Revenue), 2012 - 2020 Global RGP contact lenses demand by region (Volume), 2012 - 2020 Global RGP contact lenses demand by region (Revenue), 2012 - 2020 Global soft contact lenses demand (Volume & Revenue), 2012 - 2020 Global soft contact lenses demand by region (Volume), 2012 - 2020 Global soft contact lenses demand by region (Revenue), 2012 - 2020 Global daily disposable contact lenses demand (Volume & Revenue), 2012 - 2020 Global daily disposable contact lenses demand by region (Volume), 2012 - 2020 Global daily disposable contact lenses demand by region (Revenue), 2012 - 2020 Global weekly contact lenses demand (Volume & Revenue), 2012 - 2020 Global weekly contact lenses demand by region (Volume), 2012 - 2020 Global weekly contact lenses demand by region (Revenue), 2012 - 2020 Global monthly contact lenses demand (Volume & Revenue), 2012 - 2020 Global monthly contact lenses demand by region (Volume), 2012 - 2020 Global monthly contact lenses demand by region (Revenue), 2012 - 2020 Global annual contact lenses demand (Volume & Revenue), 2012 - 2020 Global annual contact lenses demand by region (Volume), 2012 - 2020 Global annual contact lenses demand by region (Revenue), 2012 - 2020 Global extended wear contact lenses demand (Volume & Revenue), 2012 - 2020 Global extended wear contact lenses demand by region (Volume), 2012 - 2020 Global extended wear contact lenses demand by region (Revenue), 2012 - 2020 Global unplanned replacement contact lenses demand (Volume & Revenue), 2012 - 2020 Global unplanned replacement contact lenses demand by region (Volume), 2012 - 2020 Global unplanned replacement contact lenses demand by region (Revenue), 2012 - 2020 Global hybrid contact lenses demand (Volume & Revenue), 2012 - 2020 Global hybrid contact lenses demand by region (Volume), 2012 - 2020 Global hybrid contact lenses demand by region (Revenue), 2012 - 2020 Global spherical contact lenses demand (Volume & Revenue), 2012 - 2020 Global spherical contact lenses demand by region (Volume), 2012 - 2020 Global spherical contact lenses demand by region (Revenue), 2012 - 2020 Global toric contact lenses demand (Volume & Revenue), 2012 - 2020 Global toric contact lenses demand by region (Volume), 2012 - 2020 Global toric contact lenses demand by region (Revenue), 2012 - 2020 Global multifocal contact lenses demand (Volume & Revenue), 2012 - 2020 Global multifocal contact lenses demand by region (Volume), 2012 - 2020 Global multifocal contact lenses demand by region (Revenue), 2012 - 2020 Global other contact lenses demand (Volume & Revenue), 2012 - 2020 Global other contact lenses demand by region (Volume), 2012 - 2020 Global other contact lenses demand by region (Revenue), 2012 - 2020 Global corrective contact lenses demand (Volume & Revenue), 2012 - 2020 Global corrective contact lenses demand by region (Volume), 2012 - 2020 Global corrective contact lenses demand by region (Revenue), 2012 - 2020 Global therapeutic contact lenses demand (Volume & Revenue), 2012 - 2020 Global therapeutic contact lenses demand by region (Volume), 2012 - 2020 Global therapeutic contact lenses demand by region (Revenue), 2012 - 2020 Global cosmetic contact lenses demand (Volume & Revenue), 2012 - 2020 Global cosmetic contact lenses demand by region (Volume), 2012 - 2020 Global cosmetic contact lenses demand by region (Revenue), 2012 - 2020 Global prosthetic contact lenses demand (Volume & Revenue), 2012 - 2020 Global prosthetic contact lenses demand by region (Volume), 2012 - 2020 Global prosthetic contact lenses demand by region (Revenue), 2012 - 2020 Global lifestyle-oriented contact lenses demand (Volume & Revenue), 2012 - 2020 Global lifestyle-oriented contact lenses demand by region (Volume), 2012 - 2020 Global lifestyle-oriented contact lenses demand by region (Revenue), 2012 - 2020 Global spectacles frames demand by region (Volume), 2012 - 2020 North America contact lenses market by product (Volume), 2012 - 2020 North America contact lenses market by product (Revenue), 2012 - 2020 North America contact lenses market by design (Volume), 2012 - 2020 North America contact lenses market by design (Revenue), 2012 - 2020 North America contact lenses market by usage (Volume), 2012 - 2020 North America contact lenses market by usage (Revenue), 2012 - 2020 Europe contact lenses market by product (Volume), 2012 - 2020 Europe contact lenses market by product (Revenue), 2012 - 2020 Europe contact lenses market by design (Volume), 2012 - 2020 Europe contact lenses market by design (Revenue), 2012 - 2020 Europe contact lenses market by usage (Volume), 2012 - 2020 Europe contact lenses market by usage (Revenue), 2012 - 2020 Asia Pacific contact lenses market by product (Volume), 2012 - 2020 Asia Pacific contact lenses market by product (Revenue), 2012 - 2020 Asia Pacific contact lenses market by design (Volume), 2012 - 2020 Asia Pacific contact lenses market by design (Revenue), 2012 - 2020 Asia Pacific contact lenses market by usage (Volume), 2012 - 2020 Asia Pacific contact lenses market by usage (Revenue), 2012 - 2020 RoW contact lenses market by product (Volume), 2012 - 2020 RoW contact lenses market by product (Revenue), 2012 - 2020 RoW contact lenses market by design (Volume), 2012 - 2020 RoW contact lenses market by design (Revenue), 2012 - 2020 RoW contact lenses market by usage (Volume), 2012 - 2020 RoW contact lenses market by usage (Revenue), 2012 - 2020 List of Figures Contact Lenses Market Segmentation Global Contact Lenses Market (Volume & Revenue), 2012 - 2020 Contact Lenses Value Chain Analysis Contact Lenses Market Dynamics Contact Lenses Company Market Share Analysis, 2012 Key Opportunities Prioritized Industry Analysis - Porter's Contact Lenses PESTEL Analysis, 2012 Contact Lenses Distribution Channel Analysis Contact Lenses market share by product, 2012 & 2020 Global RGP contact lenses market demand (Volume & Revenue), 2012 - 2020 Global soft contact lenses market demand (Volume & Revenue), 2012 - 2020 Global hybrid contact lenses market demand (Volume & Revenue), 2012 - 2020 Contact Lenses market share by design, 2012 & 2020 Global spherical contact lenses market demand (Volume & Revenue), 2012 - 2020 Global toric contact lenses market demand (Volume & Revenue), 2012 - 2020 Global multifocal contact lenses market demand (Volume & Revenue), 2012 - 2020 Global other contact lenses market demand (Volume & Revenue), 2012 - 2020 Contact Lenses market share by usage, 2012 & 2020 Global corrective contact lenses market demand (Volume & Revenue), 2012 - 2020 Global therapeutic contact lenses market demand (Volume & Revenue), 2012 - 2020 Global cosmetic contact lenses market demand (Volume & Revenue), 2012 - 2020 Global prosthetic contact lenses market demand (Volume & Revenue), 2012 - 2020 Global lifestyle-oriented contact lenses market demand (Volume & Revenue), 2012 - 2020 Contact Lenses market share by region, 2012 & 2020 North America contact lenses market volume, by product, 2012 - 2020 North America contact lenses market revenue, by product, 2012 - 2020 North America contact lenses market volume, by design, 2012 - 2020 North America contact lenses market revenue, by design, 2012 - 2020 North America contact lenses market volume, by usage, 2012 - 2020 North America contact lenses market revenue, by usage, 2012 - 2020 Europe contact lenses market volume, by product, 2012 - 2020 Europe contact lenses market revenue, by product, 2012 - 2020 Europe contact lenses market volume, by design, 2012 - 2020 Europe contact lenses market revenue, by design, 2012 - 2020 Europe contact lenses market volume, by usage, 2012 - 2020 Europe contact lenses market revenue, by usage, 2012 - 2020 Asia Pacific contact lenses market volume, by product, 2012 - 2020 Asia Pacific contact lenses market revenue, by product, 2012 - 2020 Asia Pacific contact lenses market volume, by design, 2012 - 2020 Asia Pacific contact lenses market revenue, by design, 2012 - 2020 Asia Pacific contact lenses market volume, by usage, 2012 - 2020 Asia Pacific contact lenses market revenue, by usage, 2012 - 2020 RoW contact lenses market volume, by product, 2012 - 2020 RoW contact lenses market revenue, by product, 2012 - 2020 RoW contact lenses market volume, by design, 2012 - 2020 RoW contact lenses market revenue, by design, 2012 - 2020 RoW contact lenses market volume, by usage, 2012 - 2020 RoW contact lenses market revenue, by usage, 2012 - 2020
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