Contact Lens Market 2022 by Manufacturers, Regions, Type and Application, Forecast to 2030

Contact Lens Market

The global contact lens market size was valued at USD 14.6 billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030.

To correct refractive defects and make up for visual impairments such myopia, hyperopia, presbyopia, and astigmatism, a corrective lens is preferred. As a result, the market is anticipated to grow throughout the course of the forecast due to an increase in graphic inconsistencies. The quantity of outdoor activities is growing, which is accelerating market expansion.

Optics and optometry have seen a great amount of research and development to advance the technology. The market for contact lenses has expanded as a result of innovations like the introduction of dynamic soft contact lenses that incorporate cutting-edge technology. For instance, IMEC and SEED Co. Ltd, a global R&D hub, formed a partnership to work together on the development of a smart contact lens in November 2018. This contact lens will have a number of parts, including an ultra-thin silicon microchip, an LED light, and a radio-frequency antenna that would be sufficient for wireless energy transfer. Additionally, the interconnections are created using a thin stretchable sheet.

Increase knowledge of the advantages of detachable lenses versus reusable ones, such as avoiding side effects from cleaning solutions, such as eye discolouration. The market’s top players are also engaged in developing awareness campaigns and introducing cutting-edge products, which are expected to encourage the growth of daily disposables. Precision1 for Astigmatism, a daily disposable silicone hydrogel (SiHy) lens created for astigmatic patients in the U.S., for instance, was announced by eye care product producer Alcon Vision LLC in January 2021.

The silicone hydrogel lens category led the contact lens market in 2021, accounting for more than 88.4% of total sales. In comparison to gas-permeable lenses, silicone hydrogel lenses have a number of advantages, including increased comfort and flexibility. As a result, users favor it over other lenses more. Over the course of the projection period, the hybrid lens category is anticipated to experience significant expansion. Gas permeable and silicone hydrogel lenses are combined to create hybrid lenses. It comprises of a soft peripheral skirt made of silicone or soft hydrogel material surrounding an RGP center zone.

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Global Contact Lens Market Development Strategy Pre and Post COVID-19, by Corporate Strategy Analysis, Landscape, Type, Application, and Leading 20 Countries covers and analyzes the potential of the global Contact Lens industry, providing statistical information about market dynamics, growth factors, major challenges, PEST analysis and market entry strategy Analysis, opportunities and forecasts. The biggest highlight of the report is to provide companies in the industry with a strategic analysis of the impact of COVID-19. At the same time, this report analyzed the market of leading 20 countries and introduce the market potential of these countries.

Major Players in Contact Lens market are:

Shine Optical
BenQ Materials
INTEROJO
CARL ZEISS
Johnson & Johnson
Bausch & Lomb
Contamac
Ginko International
CAMAX OPTICAL
NeoVision
The Cooper Companies
Menicon
Sensimed
Essilor International
Hoya
Alcon
Clerio Vision
UltraVision CLPL
SynergEyes
Visioneering Technologies
SEED
ZEISS

Most important types of Contact Lens products covered in this report are:

Opaque Contact Lens
Enhanced Contact Lens
Visibility Tinted Contact Lens

Most widely used downstream fields of Contact Lens market covered in this report are:

Retail Stores
Hospitals & Clinics
E-commerce

Top countries data covered in this report:

United States

Canada

Germany

UK

France

Italy

Spain

Russia

China

Japan

South Korea

Australia

Thailand

Brazil

Argentina

Chile

South Africa

Egypt

UAE

Saudi Arabia

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Key Points:

Define, describe and forecast Contact Lens product market by type, application, end user and region.

Provide enterprise external environment analysis and PEST analysis.

Provide strategies for company to deal with the impact of COVID-19.

Provide market dynamic analysis, including market driving factors, market development constraints.

Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.

Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.

Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.