Market Overview:
The global extended wear contact lenses market is expected to register a CAGR of 7.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing prevalence of eye disorders and rising demand for corrective vision solutions. In addition, technological advancements in contact lens manufacturing are also propelling the growth of this market. Based on type, the global extended wear contact lenses market is segmented into spherical form, toric form and multifocal form. Spherical form held the dominant share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to their high demand for correcting myopia or nearsightedness. Based on application, hospital pharmacies accounted for a major share of the global extended wear contact lenses market in 2017 and is anticipated to maintain its lead during the forecast period as well owing to increase in awareness about eye health among people coupled with growing number of ophthalmic surgeries across hospitals worldwide.
Product Definition:
Extended wear contact lenses are designed to be worn continuously for up to 30 days. They offer the convenience of not having to take them out every night, and they can be a good option for people who have busy lifestyles.
Spherical Form:
The spherical form is a unique design of contact lens that provides extended wear comfort. The extended wear contact lenses are designed to fit into the eye more naturally and provide better visual acuity as compared to traditional round or ovate shaped lenses. Spherical forms are preferred by people who have astigmatism since they can be modified to offer the same vision correction as provided by eyeglasses with no need for glasses, contacts or surgery.
Toric Form:
Extended wear contact lenses are designed to be worn for a longer period of time. These lenses are used in ophthalmic (eye) surgery and can be used for correcting astigmatism, myopia, hyperopia or presbyopia. They may also be used as an alternative to cataract surgery.
Application Insights:
The others application segment held the largest share of extended wear contact lenses in 2017. This is attributed to the growing adoption of daily disposable products among several other factors. The hospital pharmacies application segment is expected to grow at a significant rate over the forecast period owing to an increase in demand for daily disposable contact lenses from geriatric patients and asthenic individuals, especially in developed countries such as Germany, France and U.K., where there are a lot of hospitals with pharmacies attached to them.
In addition, pharmacists have been encouraging their customers who have vision problems or whose eyesight has deteriorated due these types of contacts are used by optometrists for regular eye check-ups which will eventually boost growth during the forecast period.
Regional Analysis:
North America dominated the global extended wear contact lenses market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing R&D activities, high disposable income of consumers and healthcare professionals, and growing awareness about eye care among people in North America.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions in emerging countries such as India and China. Growing medical tourism industry due to low treatment cost coupled with government initiatives for providing free treatment are some factors driving regional market growth. In addition, increasing number of patients suffering from diabetic retinopathy will drive demand for advanced treatments such as extended wear contact lenses which would further boost revenue generation opportunities for manufacturers operating within Asia Pacific region during the forecast period from 2018-2030 (USD X million).
Growth Factors:
- Increasing demand for extended wear contact lenses due to increasing prevalence of eye disorders and vision problems.
- Rising awareness about the benefits of extended wear contact lenses over traditional glasses or spectacles.
- Technological advancements in the design and manufacturing of extended wear contact lenses that offer better comfort, fit, and performance.
- Growing popularity of disposable extended wear contact lenses among consumers due to their convenience and hygiene benefits over reusable contacts lenses.
Scope Of The Report
Report Attributes
Report Details
Report Title
Extended Wear Contact Lenses Market Research Report
By Type
Spherical Form, Toric Form, Multifocal Form
By Application
Hospital Pharmacies, Optical Shop, Online Stores, Others
By Companies
Johnson and Johnson Vision Care, Novartis, CooperVision, Bausch + Lomb, Menicon, NEO Vision
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Extended Wear Contact Lenses Market Report Segments:
The global Extended Wear Contact Lenses market is segmented on the basis of:
Types
Spherical Form, Toric Form, Multifocal Form
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital Pharmacies, Optical Shop, Online Stores, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Johnson and Johnson Vision Care
- Novartis
- CooperVision
- Bausch + Lomb
- Menicon
- NEO Vision
Highlights of The Extended Wear Contact Lenses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Spherical Form
- Toric Form
- Multifocal Form
- By Application:
- Hospital Pharmacies
- Optical Shop
- Online Stores
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Extended Wear Contact Lenses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Extended Wear Contact Lenses are contact lenses that are designed to be worn for an extended period of time, typically more than 12 hours. They may be used for a variety of purposes, such as correcting vision or providing long-term comfort.
Some of the key players operating in the extended wear contact lenses market are Johnson and Johnson Vision Care, Novartis, CooperVision, Bausch + Lomb, Menicon, NEO Vision.
The extended wear contact lenses market is expected to register a CAGR of 7.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Extended Wear Contact Lenses Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Extended Wear Contact Lenses Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Extended Wear Contact Lenses Market - Supply Chain
4.5. Global Extended Wear Contact Lenses Market Forecast
4.5.1. Extended Wear Contact Lenses Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Extended Wear Contact Lenses Market Size (000 Units) and Y-o-Y Growth
4.5.3. Extended Wear Contact Lenses Market Absolute $ Opportunity
5. Global Extended Wear Contact Lenses Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Extended Wear Contact Lenses Market Size and Volume Forecast by Type
5.3.1. Spherical Form
5.3.2. Toric Form
5.3.3. Multifocal Form
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Extended Wear Contact Lenses Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Extended Wear Contact Lenses Market Size and Volume Forecast by Application
6.3.1. Hospital Pharmacies
6.3.2. Optical Shop
6.3.3. Online Stores
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Extended Wear Contact Lenses Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Extended Wear Contact Lenses Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Extended Wear Contact Lenses Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Extended Wear Contact Lenses Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Extended Wear Contact Lenses Demand Share Forecast, 2019-2026
9. North America Extended Wear Contact Lenses Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Extended Wear Contact Lenses Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Extended Wear Contact Lenses Market Size and Volume Forecast by Application
9.4.1. Hospital Pharmacies
9.4.2. Optical Shop
9.4.3. Online Stores
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Extended Wear Contact Lenses Market Size and Volume Forecast by Type
9.7.1. Spherical Form
9.7.2. Toric Form
9.7.3. Multifocal Form
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Extended Wear Contact Lenses Demand Share Forecast, 2019-2026
10. Latin America Extended Wear Contact Lenses Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Extended Wear Contact Lenses Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Extended Wear Contact Lenses Market Size and Volume Forecast by Application
10.4.1. Hospital Pharmacies
10.4.2. Optical Shop
10.4.3. Online Stores
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Extended Wear Contact Lenses Market Size and Volume Forecast by Type
10.7.1. Spherical Form
10.7.2. Toric Form
10.7.3. Multifocal Form
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Extended Wear Contact Lenses Demand Share Forecast, 2019-2026
11. Europe Extended Wear Contact Lenses Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Extended Wear Contact Lenses Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Extended Wear Contact Lenses Market Size and Volume Forecast by Application
11.4.1. Hospital Pharmacies
11.4.2. Optical Shop
11.4.3. Online Stores
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Extended Wear Contact Lenses Market Size and Volume Forecast by Type
11.7.1. Spherical Form
11.7.2. Toric Form
11.7.3 Multifocal Form
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Extended Wear Contact Lenses Demand Share, 2019-2026
12. Asia Pacific Extended Wear Contact Lenses Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Extended Wear Contact Lenses Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Extended Wear Contact Lenses Market Size and Volume Forecast by Application
12.4.1. Hospital Pharmacies
12.4.2. Optical Shop
12.4.3. Online Stores
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Extended Wear Contact Lenses Market Size and Volume Forecast by Type
12.7.1. Spherical Form
12.7.2. Toric Form
12.7.3. Multifocal Form
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Extended Wear Contact Lenses Demand Share, 2019-2026
13. Middle East & Africa Extended Wear Contact Lenses Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Extended Wear Contact Lenses Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Extended Wear Contact Lenses Market Size and Volume Forecast by Application
13.4.1. Hospital Pharmacies
13.4.2. Optical Shop
13.4.3. Online Stores
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Extended Wear Contact Lenses Market Size and Volume Forecast by Type
13.7.1. Spherical Form
13.7.2. Toric Form
13.7.3. Multifocal Form
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Extended Wear Contact Lenses Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Extended Wear Contact Lenses Market: Market Share Analysis
14.2. Extended Wear Contact Lenses Distributors and Customers
14.3. Extended Wear Contact Lenses Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson and Johnson Vision Care
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Novartis
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CooperVision
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bausch + Lomb
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Menicon
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NEO Vision
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
