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DUBLIN, May 3, 2022 /PRNewswire/ -- The 'Disposable Contact Lenses Market - Global Outlook & Forecast 2022-2027' report has been added to ResearchAndMarkets.com's offering.
This study considers a detailed scenario of the present disposable contact lenses market and its market dynamics for the period 2022-2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.The disposable contact lenses market is expected to grow at a CAGR of 9.27% during the forecast period Key Highlights
- The paradigm shift towards premium-priced and cosmetic contact lenses is driving the industry. The lifestyle change increased the income of the people, primarily impacted the usage of regular disposable contact lenses.
- The rise in e-commerce as a preferred distribution channel also drives the daily disposable contact lens market. Online shopping gives consumers control over when and where they can shop. According to e-commerce statistics on omnichannel marketing, it is found that 43% of online shoppers bought in bed, 23% in the office, and 20% while in a car.
- New product approvals and launches also drive the daily wear contact lenses market. Increasing disposable contact lenses' acceptance and penetration rate gives the industry and vendors new opportunities. Also, cosmetic lenses with new technology and colors give new trends in the market. From 2015 to 2020, most unique products came into the industry and drove vendors' growth.
- High Acceptance of Daily Disposable Silicone Hydrogel Contact Lenses is also driving industry growth. Mostly silicon hydrogel-based daily disposable is used for eye care due to their effectiveness, easy handling procedure, and properties. Thus it is highly preferred by ophthalmologists, thus positively impacting the industry growth.
Market Segments
- Spherical disposable contact lenses dominated the segment as it is mostly used in the market, however the multifocal contact lenses is expected to grow at a faster CAGR of 12.35%.
- Retail optical stores accounted for the major share in the market, however the online stores have the highest CAGR of 12.33% in the market. Increased usage of cell phones, better discounts in the online platforms has increased the purchase of disposable contact lenses through the online platform.
- Silicone hydrogel material dominated the market and is expected to grow at a faster rate in the market. Due to its increased benefits to the end-users and more preference by the eyecare practitioners in the market.
- Daily disposable contact lenses dominated the market by usage. Due to its increased benefits like infection free, zero maintenance, the preference of daily disposables is increasing.
Geographical Analysis
North America dominated the market by geography; however, APAC is growing at a faster rate with CAGR of 9.84%. Due to increased adoption of daily disposable contact lenses among the developed countries. Segmentation by Geography
- North America
- US
- Canada
- APAC
- Japan
- China
- India
- South Korea
- Australia
- Europe
- Germany
- France
- United Kingdom
- Spain
- Italy
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Turkey
- South Africa
- Saudi Arabia
- UAE
Key Topics Covered: 1 Research Methodology 2 Research Objectives 3 Research Process 4 Scope & Coverage 4.1 Market Definition4.1.1 Inclusions4.1.2 Exclusions4.1.3 Market Estimation Caveats4.2 Base Year4.3 Scope of the Study4.3.1 Market Segmentation by Usage4.3.2 Market Segmentation by Material4.3.3 Market Segmentation by Application4.3.4 Market Segmentation by Distribution Channels4.3.5 Market Segmentation by Design4.3.6 Market Segmentation by Geography 5 Report Assumptions & Caveats 5.1 Key Caveats5.2 Currency Conversion5.3 Market Derivation 6 Market at a Glance 7 Introduction 7.1 Overview 8 Market Opportunities & Trends 8.1 Shift to Premium & Cosmetic Contact Lenses8.2 Rise of E-Commerce as Preferred Distribution Channel8.3 New Product Approvals and Launches 9 Market Growth Enablers 9.1 Target Population With Aged Patient Demography9.2 Acceptance of Daily Disposable Silicone Hydrogel Contact Lenses9.3 Product Innovation & Technological Developments 10 Market Restraints 10.1 Complications Associated With Disposable Contact Lenses10.2 High Cost of Disposable Contact Lenses10.3 Low Acceptance of Vision Care in Low- & Middle-Income Countries 11 Market Landscape 11.1 Market Overview11.2 Market Size & Forecast11.2.1 Insights by Geography11.2.2 Insights by Usage11.2.3 Insights by Material11.2.4 Insights by Application11.2.5 Insights by Distribution11.2.6 Market by Design11.3 Five Forces Analysis11.3.1 Threat of New Entrants11.3.2 Bargaining Power of Suppliers11.3.3 Bargaining Power of Buyers11.3.4 Threat of Substitutes11.3.5 Competitive Rivalry 12 Usage 12.1 Market Snapshot & Growth Engine12.2 Market Overview12.3 Daily Disposable/ Dailies12.3.1 Market Overview12.3.2 Market Size & Forecast12.3.3 Market by Geography12.4 Frequent Replacement12.4.1 Market Overview12.4.2 Market Size & Forecast12.4.3 Market by Geography 13 Material 13.1 Market Snapshot & Growth Engine13.2 Market Overview13.3 Silicone Hydrogel13.3.1 Market Overview13.3.2 Market Size & Forecast13.3.3 Market by Geography13.4 Hydrogel13.4.1 Market Overview13.4.2 Market Size & Forecast13.4.3 Market by Geography 14 Application 14.1 Market Snapshot & Growth Engine14.2 Market Overview14.3 Corrective Lenses14.3.1 Market Overview14.3.2 Market Size & Forecast14.3.3 Market by Geography14.4 Therapeutic Lenses14.4.1 Market Overview14.4.2 Market Size & Forecast14.4.3 Market by Geography14.5 Cosmetic Lenses14.5.1 Market Overview14.5.2 Market Size & Forecast14.5.3 Market by Geography 15 Distribution 15.1 Market Snapshot & Growth Engine15.2 Market Overview15.3 Retail Optical Stores15.3.1 Market Overview15.3.2 Market Size & Forecast15.3.3 Market by Geography15.4 Hospitals & Ophthalmology Clinics15.4.1 Market Overview15.4.2 Market Size & Forecast15.4.3 Market by Geography15.5 Online Stores15.5.1 Market Overview15.5.2 Market Size & Forecast15.5.3 Market by Geography 16 Design 16.1 Market Snapshot & Growth Engine16.2 Market Overview16.3 Spherical16.3.1 Market Overview16.3.2 Market Size & Forecast16.3.3 Market by Geography16.4 Toric16.4.1 Market Overview16.4.2 Market Size & Forecast16.4.3 Market by Geography16.5 Multifocal16.5.1 Market Overview16.5.2 Market Size & Forecast16.5.3 Market by Geography 17 Geography 17.1 Market Snapshot & Growth Engine17.2 Geographic Overview 18 North America 19 APAC 20 Europe 21 Latin America 22 Middle East & Africa
23 Competitive Landscape 23.1 Competition Overview23.2 Market Share Analysis23.2.1 Alcon23.2.2 Bausch+Lomb23.2.3 Johnson & Johnson23.2.4 the Cooper Companies 24 Key Company Profiles 24.1 Johnson & Johnson24.1.1 Business Overview24.1.2 Product Offerings24.1.3 Key Strategies24.1.4 Key Strengths24.1.5 Key Opportunities24.2 the Cooper Companies24.2.1 Business Overview24.2.2 Product Offerings24.2.3 Key Strategies24.2.4 Key Strengths24.2.5 Key Opportunities24.3 Alcon24.3.1 Business Overview24.3.2 Product Offerings24.3.3 Key Strategies24.3.4 Key Strengths24.3.5 Key Opportunities24.4 Bausch+Lomb24.4.1 Business Overview24.4.2 Key Strategies24.4.3 Key Strengths24.4.4 Key Opportunities 25 Other Prominent Vendors 25.1 Aqualens25.1.1 Business Overview25.1.2 Product Offerings25.2 Benq Materials25.2.1 Business Overview25.2.2 Product Offerings25.3 Bescon25.3.1 Business Overview25.3.2 Product Offerings25.4 Clearlab25.4.1 Business Overview25.4.2 Product Offerings25.5 Camax Optical25.5.1 Business Overview25.5.2 Product Offerings25.6 Clerio Vision25.6.1 Business Overview25.6.2 Product Offering25.7 Ginko International25.7.1 Business Overview :25.7.2 Product Offerings25.8 Hoya25.8.1 Business Overview25.8.2 Product Offering25.9 Interojo25.9.1 Business Overview25.9.2 Product Offerings25.10 Maxvue Vision25.10.1 Business Overview25.10.2 Product Offerings25.11 Menicon25.11.1 Business Overview25.11.2 Product Offerings25.12 Neo Vision25.12.1 Business Overview25.12.2 Product Offerings25.13 Oculus25.13.1 Business Overview25.13.2 Product Offerings25.14 Seed25.14.1 Business Overview25.14.2 Product Offerings25.15 Sensimed25.15.1 Business Overview25.15.2 Product Offerings25.16 St.Shine Optical25.16.1 Business Overview25.16.2 Product Offerings25.17 Ultravision Clpl25.17.1 Business Overview25.17.2 Product Offerings25.18 Visioneering Technologies25.18.1 Business Overview25.18.2 Product Offerings25.19 Zeiss International25.19.1 Business Overview25.19.2 Product Offerings26 Report Summary26.1 Key Takeaways26.2 Strategic Recommendations 27 Quantitative Summary 28 Appendix
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