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Contact Lenses Market Size to Cross USD 12 Billion 2025 – Arizton

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Contact Lenses Market Size to Cross USD 12 Billion 2025 – Arizton

January 20
16:41 2021

The contact lenses market by revenue is expected to grow at a CAGR of over 5% during the period 2019–2025.

 

Contact Lenses Market – COVID-19 Impact

 

The COVID-19 pandemic will cause cultural, political, and social changes that are not seen in decades. Its effect has already been experienced by the big sectors, from finance to airlines. The pandemic will lead to several casualties and negatively impact many businesses worldwide. Further, in order to prevent the spread of the virus, many countries implemented lockdowns, quarantines for the patients, and stopped movement between countries. The pandemic is increasing at an alarming rate and is anticipated to impact the day-to-day activities, including contact lenses wear and practice. The supply chain of both finished goods and raw materials within the medical device industry was adversely impacted in the first half of 2020.

 

In addition, the usage pattern of contact lens wearers also slightly changed due to the increase in work from home options for many employees across the world. Further, the usage has changed from daily wear to occasional wear in a selected group of wearers. However, there is currently no evidence to suggest that there is an increased risk of infection or contracting coronavirus through contact lens wear. Multiple studies were conducted to study the behavior of people using contact lenses. These studies indicated certain insights about the patient’s behavior. The majority of the people using soft contact lenses due to their comfort didn’t like wearing spectacles. This, in turn, made them shift towards contact lenses.

 

Contact Lenses Market – Growth Analysis

 

Contact lenses constitute an essential component of the global vision care market. They are considered as an essential medical device that offers varied medical and lifestyle related benefits. The growing adoption of contact lenses for restoring multiple vision dysfunctions, including refractive errors such as myopia, hyperopia, astigmatism, and presbyopia, will promote the growth of the global contact lenses market. The use of contact lenses offers varied medical and lifestyle-related benefits. Some of the therapeutic benefits of using contact lenses are corneal protection, for post-surgical conditions, and for corneal pain relief and healing.

 

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The following factors are likely to contribute to the growth of the contact lenses market during the forecast period:

  • Paradigm Shift toward Premium Priced and Cosmetic Contact Lenses
  • Rise in E-Commerce as a Preferred Distribution Channel
  • Advent of Smart Contact Lenses
  • Increased Target Population Coupled with Aged Patient Demographics                                                     

 

Base Year:                  2019

Forecast Year:           2020–2025

 

The study considers the present scenario of the contact lenses market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

 

Contact Lenses Market – Vendor Profiles

 

Prominent Vendors  

  • Johnson & Johnson
  • Alcon
  • The Cooper Companies
  • Bausch & Lomb

 

Other Prominent Vendors 

  • CARL ZEISS
  • Essilor International
  • Hoya Corporation
  • Menicon
  • SynergEyes
  • UltraVision CLPL
  • Ginko International
  • Shine Optical
  • Visioneering Technologies
  • Sensimed
  • BenQ Materials
  • Contamac
  • Clerio Vision
  • NeoVision
  • CAMAX OPTICAL
  • SEED
  • INTEROJO
  • ZEISS

 

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Contact Lenses Market – Segmentation

 

Contact Lenses Market by Distribution 

  • Retail Stores
  • Hospitals & Clinics
  • Online Stores

Contact Lenses Market by Material

  • Silicone Hydrogel
  • Hydrogel
  • Gas-permeable
  • Others

Contact Lenses Market by Design

  • Spherical
  • Toric
  • Multifocal

Contact Lenses Market by Usability 

  • Daily Disposable
  • Frequently Replacement

Contact Lenses Market by Application

  • Corrective
  • Therapeutic
  • Healthcare
  • Cosmetic

Contact Lenses Market by Geography

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
    • South Korea
    • Australia
    • India
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Turkey
    • UAE

 

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About Arizton Advisory & Intelligence

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize fool proof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Arizton Advisory & Intelligence
Chicago, Illinois, 60605
Mail: [email protected]
Call: +1-312-235-2040/+1 302 469 0707

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Website: https://www.arizton.com/market-reports/global-contact-lenses-market-analysis-2024