Global Contact Lenses Market Size, Share, Trend and Forecast 2026 | TechSci Research

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2016 2026
Global Contact Lenses Market
FORECAST AND OPPORTUNITIES
www.techsciresearch.com
MARKET INTELLIGENCE . CONSULTING
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• Table of Contents

S. No. Contents Contents Contents
1. Product Overview Product Overview Product Overview
2. Research Methodology Research Methodology Research Methodology
3. Impact of COVID-19 on Global Contact Lenses Market Impact of COVID-19 on Global Contact Lenses Market Impact of COVID-19 on Global Contact Lenses Market
4. Executive Summary Executive Summary Executive Summary
5. Voice of Customer Voice of Customer Voice of Customer
5.1. Brand Awareness Brand Awareness
5.2. Factors Influencing Purchase Decision Factors Influencing Purchase Decision
5.3. Sources of Information Sources of Information
6. Global Contact Lenses Market Outlook, 2016-2026F Global Contact Lenses Market Outlook, 2016-2026F Global Contact Lenses Market Outlook, 2016-2026F
6.1. Market Size Forecast Market Size Forecast
6.1.1. By Value
6.2. Market Share Forecast Market Share Forecast
6.2.1. By Modality (Reusable v/s Disposable)
6.2.2. By Design (Spherical, Toric, Multifocal, Others)
6.2.3. By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, Others)
6.2.4. By Application (Corrective, Therapeutic, Cosmetic, Others)
6.2.5. By Distribution Channel (Retail Stores, Online, Hospitals Clinics)
6.2.6. By Region
6.2.7. By Company (2020)
6.3. Market Map (By Modality, By Distribution Channel, By Region) Market Map (By Modality, By Distribution Channel, By Region)
7. North America Contact Lenses Market Outlook, 2016-2026F North America Contact Lenses Market Outlook, 2016-2026F North America Contact Lenses Market Outlook, 2016-2026F
7.1. Market Size Forecast Market Size Forecast
7.1.1. By Value
7.2. Market Share Forecast Market Share Forecast
7.2.1. By Modality
7.2.2. By Design
7.2.3. By Material Type
7.2.4. By Application
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7.2.5. By Distribution Channel By Distribution Channel By Distribution Channel
7.2.6. By Country By Country By Country
7.3. North America Country Analysis North America Country Analysis North America Country Analysis North America Country Analysis
7.3.1. United States Contact Lenses Market Outlook, 2016-2026F United States Contact Lenses Market Outlook, 2016-2026F United States Contact Lenses Market Outlook, 2016-2026F
7.3.1.1. Market Share Forecast Market Share Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share Forecast Market Share Forecast
7.3.1.2.1. By Modality
7.3.1.2.2. By Design
7.3.1.2.3. By Material Type
7.3.1.2.4. By Application
7.3.1.2.5. By Distribution Channel
7.3.2. Canada Contact Lenses Market Outlook, 2016-2026F Canada Contact Lenses Market Outlook, 2016-2026F Canada Contact Lenses Market Outlook, 2016-2026F
7.3.2.1. Market Size Forecast Market Size Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share Forecast Market Share Forecast
7.3.2.2.1. By Modality
7.3.2.2.2. By Design
7.3.2.2.3. By Material Type
7.3.2.2.4. By Application
7.3.2.2.5. By Distribution Channel
7.3.3. Mexico Contact Lenses Market Outlook, 2016-2026F Mexico Contact Lenses Market Outlook, 2016-2026F Mexico Contact Lenses Market Outlook, 2016-2026F
7.3.3.1. Market Size Forecast Market Size Forecast
7.3.3.1.1. By Value
7.3.2.2. Market Share Forecast Market Share Forecast
7.3.3.2.1. By Modality
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7.3.3.2.2. By Design
7.3.3.2.3. By Material Type
7.3.3.2.4. By Application
7.3.3.2.5. By Distribution Channel
8. Europe Contact Lenses Market Outlook, 2016-2026F Europe Contact Lenses Market Outlook, 2016-2026F Europe Contact Lenses Market Outlook, 2016-2026F Europe Contact Lenses Market Outlook, 2016-2026F Europe Contact Lenses Market Outlook, 2016-2026F
8.1. Market Size Forecast Market Size Forecast Market Size Forecast
8.1.1. By Value By Value By Value
8.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
8.2.1. By Modality By Modality By Modality
8.2.2. By Design By Design By Design
8.2.3. By Material Type By Material Type By Material Type
8.2.4. By Application By Application By Application
8.2.5. By Distribution Channel By Distribution Channel By Distribution Channel
8.2.6. By Country By Country By Country
8.3. Europe Country Analysis Europe Country Analysis Europe Country Analysis Europe Country Analysis
8.3.1. Germany Contact Lenses Market Outlook, 2016-2026F Germany Contact Lenses Market Outlook, 2016-2026F Germany Contact Lenses Market Outlook, 2016-2026F
8.3.1.1. Market Size Forecast Market Size Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share Forecast Market Share Forecast
8.3.1.2.1. By Modality
8.3.1.2.2. By Design
8.3.1.2.3. By Material Type
8.3.1.2.4. By Application
8.3.1.2.5. By Distribution Channel
8.3.2. France Contact Lenses Market Outlook, 2016-2026F France Contact Lenses Market Outlook, 2016-2026F France Contact Lenses Market Outlook, 2016-2026F
8.3.2.1. Market Size Forecast Market Size Forecast
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8.3.2.1.1. By Value
8.3.2.2. Market Share Forecast Market Share Forecast
8.3.2.2.1. By Modality
8.3.2.2.2. By Design
8.3.2.2.3. By Material Type
8.3.2.2.4. By Application
8.3.2.2.5. By Distribution Channel
8.3.3. United Kingdom Contact Lenses Market Outlook, 2016-2026F United Kingdom Contact Lenses Market Outlook, 2016-2026F United Kingdom Contact Lenses Market Outlook, 2016-2026F
8.3.3.1. Market Size Forecast Market Size Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share Forecast Market Share Forecast
8.3.3.2.1. By Modality
8.3.3.2.2. By Design
8.3.3.2.3. By Material Type
8.3.3.2.4. By Application
8.3.3.2.4. By Distribution Channel
8.3.4. Italy Contact Lenses Market Outlook, 2016-2026F Italy Contact Lenses Market Outlook, 2016-2026F Italy Contact Lenses Market Outlook, 2016-2026F
8.3.4.1. Market Size Forecast Market Size Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share Forecast Market Share Forecast
8.3.4.2.1. By Modality
8.3.4.2.2. By Design
8.3.4.2.3. By Material Type
8.3.4.2.4. By Application
8.3.4.2.5. By Distribution Channel
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8.3.5. Spain Contact Lenses Market Outlook, 2016-2026F Spain Contact Lenses Market Outlook, 2016-2026F Spain Contact Lenses Market Outlook, 2016-2026F
8.3.5.1. Market Size Forecast Market Size Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share Forecast Market Share Forecast
8.3.5.2.1. By Modality
8.3.5.2.2. By Design
8.3.5.2.3. By Material Type
8.3.5.2.4. By Application
8.3.5.2.5. By Distribution Channel
9. Asia Pacific Contact Lenses Market Outlook, 2016-2026F Asia Pacific Contact Lenses Market Outlook, 2016-2026F Asia Pacific Contact Lenses Market Outlook, 2016-2026F Asia Pacific Contact Lenses Market Outlook, 2016-2026F Asia Pacific Contact Lenses Market Outlook, 2016-2026F
9.1. Market Size Forecast Market Size Forecast
9.1.1. By Value By Value By Value
9.2. Market Share Forecast Market Share Forecast
9.2.1. By Modality By Modality By Modality
9.2.2. By Design By Design By Design
9.2.3. By Material Type By Material Type By Material Type
9.2.4. By Application By Application By Application
9.2.5. By Distribution Channel By Distribution Channel By Distribution Channel
9.2.6. By Country By Country By Country
9.3. Asia Pacific Country Analysis Asia Pacific Country Analysis Asia Pacific Country Analysis Asia Pacific Country Analysis
9.3.1. Japan Contact Lenses Market Outlook, 2016-2026F Japan Contact Lenses Market Outlook, 2016-2026F Japan Contact Lenses Market Outlook, 2016-2026F
9.3.1.1. Market Size Forecast Market Size Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share Forecast Market Share Forecast
9.3.1.2.1. By Modality
9.3.1.2.2. By Design
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9.3.1.2.3. By Material Type
9.3.1.2.4. By Application
9.3.1.2.5. By Distribution Channel
9.3.2. China Contact Lenses Market Outlook, 2016-2026F China Contact Lenses Market Outlook, 2016-2026F China Contact Lenses Market Outlook, 2016-2026F
9.3.2.1. Market Size Forecast Market Size Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share Forecast Market Share Forecast
9.3.2.2.1. By Modality
9.3.2.2.2. By Design
9.3.2.2.3. By Material Type
9.3.2.2.4. By Application
9.3.2.2.5. By Distribution Channel
9.3.3. India Contact Lenses Market Outlook, 2016-2026F India Contact Lenses Market Outlook, 2016-2026F India Contact Lenses Market Outlook, 2016-2026F
9.3.3.1. Market Size Forecast Market Size Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share Forecast Market Share Forecast
9.3.3.2.1. By Modality
9.3.3.2.2. By Design
9.3.3.2.3. By Material Type
9.3.3.2.4. By Application
9.3.3.2.5. By Distribution Channel
9.3.4. South Korea Contact Lenses Market Outlook, 2016-2026F South Korea Contact Lenses Market Outlook, 2016-2026F South Korea Contact Lenses Market Outlook, 2016-2026F
9.3.4.1. Market Size Forecast Market Size Forecast
9.3.4.1.1. By Value
9.3.4.2. Market Share Forecast Market Share Forecast
9.3.4.2.1. By Modality
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9.3.4.2.2. By Design
9.3.4.2.3. By Material Type
9.3.4.2.4. By Application
9.3.4.2.5. By Distribution Channel
9.3.5. Australia Contact Lenses Market Outlook, 2016-2026F Australia Contact Lenses Market Outlook, 2016-2026F Australia Contact Lenses Market Outlook, 2016-2026F
9.3.5.1. Market Size Forecast Market Size Forecast
9.3.5.1.1. By Value
9.3.5.2. Market Share Forecast Market Share Forecast
9.3.5.2.1. By Modality
9.3.5.2.2. By Design
9.3.5.2.3. By Material Type
9.3.2.2.4. By Application
9.3.5.2.5. By Distribution Channel
10. South America Contact Lenses Market Outlook, 2016-2026F South America Contact Lenses Market Outlook, 2016-2026F South America Contact Lenses Market Outlook, 2016-2026F South America Contact Lenses Market Outlook, 2016-2026F South America Contact Lenses Market Outlook, 2016-2026F
10.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
10.1.1. By Value By Value By Value
10.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
10.2.1. By Modality By Modality By Modality
10.2.2. By Design By Design By Design
10.2.3. By Material Type By Material Type By Material Type
10.2.4. By Application By Application By Application
10.2.5. By Distribution Channel By Distribution Channel By Distribution Channel
10.2.6. By Country By Country By Country
10.3. South America Country Analysis South America Country Analysis South America Country Analysis South America Country Analysis
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10.3.1. Brazil Contact Lenses Market Outlook, 2016-2026F Brazil Contact Lenses Market Outlook, 2016-2026F Brazil Contact Lenses Market Outlook, 2016-2026F
10.3.1.1. Market Size Forecast Market Size Forecast
10.3.1.1.1 By Value
10.3.1.2. Market Share Forecast Market Share Forecast
10.3.1.2.1. By Modality
10.3.1.2.2. By Design
10.3.1.2.3. By Material Type
10.3.1.2.4. By Application
10.3.1.2.5. By Distribution Channel
10.3.2. Argentina Contact Lenses Market Outlook, 2016-2026F Argentina Contact Lenses Market Outlook, 2016-2026F Argentina Contact Lenses Market Outlook, 2016-2026F
10.3.2.1. Market Size Forecast Market Size Forecast
10.3.2.1.1 By Value
10.3.2.2. Market Share Forecast Market Share Forecast
10.3.2.2.1. By Modality
10.3.2.2.2. By Design
10.3.2.2.3. By Material Type
10.3.2.2.4. By Application
10.3.2.2.5. By Distribution Channel
10.3.3. Colombia Contact Lenses Market Outlook, 2016-2026F Colombia Contact Lenses Market Outlook, 2016-2026F Colombia Contact Lenses Market Outlook, 2016-2026F
10.3.3.1. Market Size Forecast Market Size Forecast
10.3.3.1.1 By Value
10.3.3.2. Market Share Forecast Market Share Forecast
10.3.3.2.1. By Modality
10.3.3.2.2. By Design
10.3.2.2.3. By Material Type
10.3.3.2.4. By Application
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10.3.3.2.5. By Distribution Channel
11. Middle East Africa Contact Lenses Market Outlook, 2016-2026F Middle East Africa Contact Lenses Market Outlook, 2016-2026F Middle East Africa Contact Lenses Market Outlook, 2016-2026F Middle East Africa Contact Lenses Market Outlook, 2016-2026F Middle East Africa Contact Lenses Market Outlook, 2016-2026F
11.1. Market Size Forecast Market Size Forecast Market Size Forecast Market Size Forecast
11.1.1. By Value By Value By Value
11.2. Market Share Forecast Market Share Forecast Market Share Forecast Market Share Forecast
11.2.1. By Modality By Modality By Modality
11.2.2. By Design By Design By Design
11.2.3. By Material Type By Material Type By Material Type
11.2.4. By Application By Application By Application
11.2.5. By Distribution Channel By Distribution Channel By Distribution Channel
11.2.6. By Country By Country By Country
11.3. Middle East Africa Country Analysis Middle East Africa Country Analysis Middle East Africa Country Analysis Middle East Africa Country Analysis
11.3.1. South Africa Contact Lenses Market Outlook, 2016-2026F South Africa Contact Lenses Market Outlook, 2016-2026F South Africa Contact Lenses Market Outlook, 2016-2026F
11.3.1.1. Market Size Forecast Market Size Forecast
11.3.1.1.1. By Value
11.3.1.2. Market Share Forecast Market Share Forecast
11.3.1.2.1. By Modality
11.3.1.2.2. By Design
11.3.1.2.3. By Material Type
11.3.1.2.4. By Application
11.3.1.2.5. By Distribution Channel
11.3.2. Saudi Arabia Contact Lenses Market Outlook, 2016-2026F Saudi Arabia Contact Lenses Market Outlook, 2016-2026F Saudi Arabia Contact Lenses Market Outlook, 2016-2026F
11.3.2.1. Market Size Forecast Market Size Forecast
11.3.2.1.1. By Value
11.3.2.2. Market Share Forecast Market Share Forecast
11.3.2.2.1. By Modality
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11.3.2.2.2. By Design
11.3.2.2.3. By Material Type
11.3.2.2.4. By Application
11.3.2.2.5. By Distribution Channel
11.3.3. UAE Contact Lenses Market Outlook, 2016-2026F UAE Contact Lenses Market Outlook, 2016-2026F UAE Contact Lenses Market Outlook, 2016-2026F
11.3.3.1. Market Size Forecast Market Size Forecast
11.3.3.1.1. By Value
11.3.3.2. Market Share Forecast Market Share Forecast
11.3.3.2.1. By Modality
11.3.3.2.2. By Design
11.3.3.2.3. By Material Type
11.3.3.2.4. By Application
11.3.3.2.5. By Distribution Channel
12. Market Dynamics Market Dynamics Market Dynamics
12.1. Drivers Drivers
12.2. Challenges Challenges
13. Market Trends and Developments Market Trends and Developments Market Trends and Developments
14. Competitive Landscape Competitive Landscape Competitive Landscape
14.1. Johnson Johnson Johnson Johnson Johnson Johnson Johnson Johnson
14.2. CooperVision, Inc. CooperVision, Inc. CooperVision, Inc. CooperVision, Inc.
14.3. Alcon. Inc. Alcon. Inc. Alcon. Inc. Alcon. Inc.
14.4. Bausch Health Companies, Inc. Bausch Health Companies, Inc. Bausch Health Companies, Inc. Bausch Health Companies, Inc.
14.5. Menicon Co., Ltd. Menicon Co., Ltd. Menicon Co., Ltd. Menicon Co., Ltd.
14.6. EssilorLuxottica S.A. EssilorLuxottica S.A. EssilorLuxottica S.A. EssilorLuxottica S.A.
14.7. Carl Zeiss Meditec AG Carl Zeiss Meditec AG Carl Zeiss Meditec AG Carl Zeiss Meditec AG
14.8. Hoya Corporation Hoya Corporation Hoya Corporation Hoya Corporation
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14.9. Seed Co., Ltd
14.10. Contamac Holdings Limited
14.11. X-Cel Specialty Contacts
14.12. SynergEyes Inc.
14.13. STAAR Surgical Company
14.14. Cleriovision, Inc.
14.15. BenQ Materials Corp
15. Strategic Recommendations Strategic Recommendations
16. About Us Disclaimer About Us Disclaimer
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Product Overview
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• Scope of Report
• Product of Interest (POI) Contact Lenses

Contact lenses are thin, curved lenses placed on
the film of tears which covers the surface of
eyes. The contact lenses appear to be worn in
direct contact with the cornea, but they keep on
floating on a layer of tears that separates them
from cornea. Contact lenses are basically
prosthetic ocular devices which are not only used
for cosmetic purposes but also used for
corrective and therapeutic purposes. Contact
Lenses are the best choice for those people who
are not willing to wear an eyeglass or undergo a
corrective eye surgery.
Market Segmentation
BY MODALITY
BY APPLICATION

• Reusable
• Disposable

• Corrective
• Therapeutic
• Cosmetic
• Others

GLOBAL CONTACT LENSES MARKET
BY DESIGN

• Spherical
• Toric
• Multifocal
• Others

BY DISTRIBUTION CHANNEL

• Retail Stores
• Online
• Hospitals Clinics

BY MATERIAL TYPE

• Silicone Hydrogel
• Hydrogel
• Gas Permeable
• Others

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Research Methodology
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• Research Methodology

Market Profiling
Data Analysis
Data Collection
Data Validation
Developing List of Respondents
Formulating Questionnaire
In-depth secondary research was conducted to
determine top players in the global contact
lenses market, overall market size and segmental
market size.
The data was scrutinized using MS-Excel,
statistical tools and internal proprietary
database to obtain qualitative and quantitative
insights about the global contact lenses market.
Data obtained as a result of primary and
secondary research was validated through rigorous
triangulation.
TechSci conducted interviews with industry
experts and industry players for data collection
and verification.
In order to conduct industry experts interviews,
TechSci formulated a detailed discussion guide.
List of industry players and industry specialists
was developed.
Primary Research
Desk Research
Company Analysis

• Recent Developments
• Market Changing Aspects/Dynamics
• Government Policies
• Conclusion

• Market Participants
• Key Strengths

• Identifying Key Opinion Leaders
• Questionnaire Design
• In-depth Interviews

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• Research Methodology

• Baseline Methodology
• Our dedicated team of industry experts has
  monitored and analyzed various aspects of the
  global contact lenses market. The team has
  analyzed the outlook of various segments of this
  market, while considering the major influencing
  factors such as rising prevalence of ocular
  diseases which has increased the demand for
  contact lenses. The study includes market
  forecasting, which would enable our clients to
  take better decisions while planning their
  strategy to achieve sustainability in the global
  contact lenses market.
• Methodology Followed for Calculation of Market
  Size
• Market Size by Value Market size, in terms of
  value, for the year 2020 was calculated based on
  information collected through exhaustive
  secondary research and primary surveys, with
  various key opinion leaders/stakeholders, such as
  contact lenses companies, market influencers
  end-users, industry experts, and other industry
  participants.
• The team interviewed more than 15 global contact
  lenses companies, 200 end-users, and 20 industry
  experts and other value chain stakeholders in the
  global contact lenses market to obtain the
  overall market size between 2016 and 2020, which
  was validated by the Delphi technique. Taking
  standard deviation into consideration, the market
  size was averaged out, to arrive at the market
  size data during 2016-2020.

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• Research Methodology

• Respondents were asked about the current and
  future market growth rates, market shares by
  modality, by design, by material type, by
  application, by distribution channel, by company
  and by region. Removing the outlier responses,
  the geometric mean of growth estimates and
  provider wise revenue shares generated across
  various segments were considered, to arrive at
  the final revenue shares. Revenue shares
  generated across various segments were further
  triangulated from other stakeholders.
• Methodology Followed for Calculation of Market
  Shares
• Market share by modality, by design, by material
  type, by application, by distribution channel, by
  company and by region were calculated based on
  the responses received through primary surveys
  with industry experts, in which the respondents
  were asked about the market shares or revenue
  generated from various segments of contact lenses
  market. The final shares were calculated by
  taking the geometric mean of the responses
  gathered from key opinion leaders after
  eliminating the outliers.
• Methodology Followed for Forecasting
• TechSci Research performed periodical checks on
  data collected through the surveys with logic
  checks and analyzed the survey results in
  SPSS/Tableau Software.
• Data triangulation techniques were applied to
  fill the gaps and to present a more meaningful
  picture of the market. To forecast global contact
  lenses market, TechSci Research used various
  forecast techniques such as
• Moving Average
• Time Series Analysis
• Regression Analysis
• Econometric and Judgmental Analysis

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• Research Methodology

TechSci Research used its own forecast tool,
which is based on the growth of various allied
industries in respective regions. TechSci
Research also used the impact analysis during
short, medium and long term period to estimate
the demand and to reach accurate market numbers.
It should be noted that the figures compiled are
only for the organized market including market
share data. The currency used in the report is
the United States Dollar (USD), with the market
size indicated in USD billion.
Partial List of Companies Interviewed Key Secondary Sources
Johnson and Johnson CopperVision Inc Alcon Inc Bausch Health Companies, Inc. Menicon Co., Ltd. EssilorLuxottica S.A. Carl Zeiss Meditech AG Hoya Corporation Seed Co., Ltd. Contamac Holdings Limited X-Cel Specialty Contacts SynergEyes Inc. STAAR Surgical Company Cleriovision, Inc. BenQ Materials Corp World Bank TechSci Research Proprietary Database Knowledge Repository Company Annual Reports Industry Magazines Industry Reports News Dailies Credible Paid Databases FDA British Contact Lens Association Centre for Ocular Research Education General Council of Optometrists in Spain General Optical Council American Optometric Association European Manufacturers of Contact Lenses Lenscare Products
20

• Industry Brief

Growing prevalence of ocular diseases is expected
to drive the global contact lenses market through
2026. According to TechSci Research
report, Global Contact Lenses Market By Modality
(Reusable, v/s Disposable), By Design (Spherical,
Toric, Multifocal, Others), By Material Type
(Silicon Hydrogel, Hydrogel, Gas Permeable,
Others), By Application (Corrective, Therapeutic,
Cosmetic, Others), By Distribution (Retail
Stores, Hospitals Clinics, Online), By Region,
Competition, Forecast Opportunities, 2026, the
global contact lenses market stood at
USD13.73 billion in 2020 and is further
anticipated to grow at a CAGR of 6.25 during the
forecast period. This can be ascribed to the
changing lifestyle patterns, especially among the
youth, has increased the use of colored contact
lenses more as a fashion accessory. Furthermore,
the growing influence of social media has made
the generation Z population increasingly adopt
and use colored contact lenses on account of
their aesthetic values and features. The colored
contact lenses make eyes appear lighter and
enhance or altogether change their color. Also,
an increasing demand from entertainment industry
is witnessed for stylish contact lenses which are
available in wide range of colors, shades and
textures and make the eyes more attractive. This
in turn is expected to positively influence the
market growth over the next few years. Also, an
increase in the research development activities
is witnessed in terms of contact lenses, the
materials used to make contact lenses, their
features functionality, among others. The
companies operating in the contact lens industry
are increasing their RD expenditure and
activities to improve their existing product
portfolio and for developing new products. For
instance, Menicon Co., Ltd, in August 2020,
announced the opening of Menicon Future Device
Research Laboratory in Japan in collaboration
with Nagoya Institute of Technology, Japan. The
laboratory aims to design and develop new
materials for manufacturing contact lenses using
structural controls and advanced manufacturing
methods. However, the lack of trained healthcare
professionals (this includes ophthalmologists,
opticians, among others) in certain countries,
especially in the developing world can restrict
the market growth over the next few years.
Besides, there is a lot of price variation
observed in terms of the contact lenses offered
by branded players and non-branded companies.
Every region and country across the globe have
the presence of established contact lens brands
and their domestic players. The contact lenses
offered by the domestic players are available at
lower prices or they keep on changing the prices
based on the market scenario. This in turn
creates a lot of disparities in pricing in terms
of contact lenses offered by the branded and
non-branded players, which adversely impacts the
market growth. Global contact lenses market can
be segmented by modality, by design, by material
type, by application, by distribution channel,
and by region. The applications of contact lenses
can be fragmented as corrective, therapeutic,
cosmetic and others. The corrective segment is
expected to dominate the market with a share of
around 46.14 in 2020 on account of its
widespread use in correcting and treating
different vision impairment problems. While
therapeutic segment is expected to grow
significantly during forecast period on account
of their use in corneal healing, ocular pain
relief, among others. The cosmetic segment will
also witness growth on account of the extensive
use of contact lenses for improving the aesthetic
appeal of eyes. Also, the colored contact lenses
are being majorly used by the young generation
and entertainment industry, thereby supporting
the segmental growth. In terms of distribution
channel, the market can be categorized into
retail stores, online and hospitals clinics.
The retail stores segment dominated the market in
2020 on account of the over-the-counter
availability of contact lenses at these stores of
different brands. Additionally, most of the
consumers prefer buying the contact lenses from
retail store since they can try the contact
lenses before buying and also understand their
features and use. The online segment is expected
to witness significant growth on account of
widespread penetration of several e-commerce
platforms which can offer contact lenses
online. Major players operating in the global
contact lenses market include Johnson Johnson,
CopperVision Inc., Alcon Inc., Bausch Health
Companies, Inc., Menicon Co., Ltd.,
EssilorLuxottica S.A., Carl Zeiss Meditech AG,
Hoya Corporation, Seed Co., Ltd., Contamac
Holdings Limited, X-Cel Specialty Contacts,
SynergEyes Inc., STAAR Surgical Company,
Cleriovision, Inc., BenQ Materials Corp, among
others. Asia Pacific is expected to register the
highest growth in the global contact lenses
market on account of a significant increase in
the demand for colored contact lenses has been
observed in the region, especially in countries
like South Korea, Japan, China and India.
Furthermore, Asia Pacific region with countries
such as Japan and India witness the highest
number of cataract surgeries performed worldwide.
This in turn drives the market for intraocular
lenses in the region. said Mr. Karan Chechi,
Research Director with TechSci Research, a
research based global management consulting firm.
21

• Sample Data - Snapshot

Global Contact Lenses Market Size, By Value (USD
Billion), 2016-2026F
CAGR 2016-2020 By Value xx
CAGR 2021E-2026F By Value xx
North America Contact Lenses Market Share, By
Modality, By Value, 2016-2026F
United States Contact Lenses Market Share, By
Design, By Value, 2016-2026F
22

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• Report Name Global Contact Lenses Market
• FORECAST AND OPPORTUNITIES
• 2016 2026

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