Market Overview:
The global frequent replacement contact lenses market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for contact lenses, especially among young adults and children. Additionally, the growing awareness about the benefits of using contact lenses over spectacles is also propelling the growth of this market. The global frequent replacement contact lenses market can be segmented on the basis of type into monthly replacement and quarterly replacement contacts. The monthly replacement contacts are expected to dominate the global frequent replacement contact lens market during the forecast period owing to their high convenience quotient and low cost as compared to other types of replacements available in this market. On the basis of application, hospital pharmacies accounted for a major share in 2017 and is projected to maintain its dominance duringthe forecast period as well owingto th e increasing numberof eye surgeries being conducted across hospitals worldwide . However, with rising awareness aboutcontact lens usageand their benefits , t he online stores segmentis projectedt o witnessthe highestgrowth rateduringthe forecastperiod .
Product Definition:
Frequent Replacement Contact Lenses are contact lenses that need to be replaced on a regular basis. They are usually replaced every two weeks, month, or six months. Frequent Replacement Contact Lenses are important because they help keep the eyes healthy.
Monthly Replacement:
The monthly replacement lenses are used for the short-term management of dry eyes. They are available in two forms: daily disposable and extended-wear. The daily disposable type is intended for use every day, while the extended-wear type is to be worn only on particularly challenging days when eye conditions are particularly bad and using a regular lens would make it worse.
Quarterly Replacement:
Quarterly replacement lenses are lens replacements that are required approximately every 4 to 8 weeks. Frequent replacement contact lenses market is segmented into two types on the basis of type of patients and type of procedure. On the basis of Type of Patients, it is sub-segmented into daily disposable and extended wear patient’s category.
Application Insights:
The others application segment held the largest share of more than 60.0% in 2017. This is attributed to the growing usage of contact lenses for aesthetic purposes, such as to correct vision problems or simply for fun. The hospital pharmacies segment is expected to grow at a lucrative rate over the forecast period due to an increase in healthcare spending and government initiatives encouraging mothers to give birth at hospitals or specialty centers equipped with high-tech equipment, including optometry services.
Optical shops are anticipated to be one of the fastest-growing segments owing to increasing consumer awareness regarding eye health and convenience associated with frequent replacement contact lens shopping trips made easy by online stores that offer same-day delivery services across major cities around the world.
Regional Analysis:
North America is expected to be the largest regional market over the forecast period. The growth of this region can be attributed to increasing cases of vision impairment, high disposable income, and availability of advanced products in optical shops. Europe is also estimated to witness considerable growth during the same period owing to growing geriatric population and awareness about frequent replacement contact lenses. Asia Pacific is anticipated to grow at a lucrative rate due to rising disposable income especially in developing countries such as India and China along with other South Asian countries.
The key players operating in this industry are Bausch & Lomb Inc., CooperVision Holdings Inc., Cylance Inc.
Growth Factors:
- Increasing demand for contact lenses as a result of rising awareness about the benefits of using them over spectacles
- Frequent replacement contact lenses are more comfortable and provide a better fit than traditional contacts, which is driving their adoption among consumers
- The increasing prevalence of eye disorders and vision problems is also propelling the growth of the frequent replacement contact lenses market
- Growing demand for colored and specialty contact lenses from young adults is another key factor fuelling market growth
- Technological advancements in lens manufacturing are resulting in the development of new products that are more comfortable and easier to use, which is likely to boost demand for frequent replacement contacts in the coming years
Scope Of The Report
Report Attributes
Report Details
Report Title
Frequent Replacement Contact Lenses Market Research Report
By Type
Monthly Replacement, Quarterly Replacement
By Application
Hospital Pharmacies, Optical Shop, Online Stores, Others
By Companies
Johnson and Johnson Vision Care, Novartis, CooperVision, Bausch + Lomb, St.Shine Optical, Bescon, Menicon, NEO Vision, Clearlab
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Frequent Replacement Contact Lenses Market Report Segments:
The global Frequent Replacement Contact Lenses market is segmented on the basis of:
Types
Monthly Replacement, Quarterly Replacement
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
- St.Shine Optical
- Bescon
- Menicon
- NEO Vision
- Clearlab
Highlights of The Frequent Replacement 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:
- Monthly Replacement
- Quarterly Replacement
- 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 Frequent Replacement 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.
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- Correctly Positioning New Products
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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?
Frequent replacement contact lenses are contact lenses that are replaced more often than every two years.
Some of the major players in the frequent replacement contact lenses market are Johnson and Johnson Vision Care, Novartis, CooperVision, Bausch + Lomb, St.Shine Optical, Bescon, Menicon, NEO Vision, Clearlab.
The frequent replacement contact lenses market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Frequent Replacement 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. Frequent Replacement 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. Frequent Replacement Contact Lenses Market - Supply Chain
4.5. Global Frequent Replacement Contact Lenses Market Forecast
4.5.1. Frequent Replacement Contact Lenses Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Frequent Replacement Contact Lenses Market Size (000 Units) and Y-o-Y Growth
4.5.3. Frequent Replacement Contact Lenses Market Absolute $ Opportunity
5. Global Frequent Replacement 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. Frequent Replacement Contact Lenses Market Size and Volume Forecast by Type
5.3.1. Monthly Replacement
5.3.2. Quarterly Replacement
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Frequent Replacement 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. Frequent Replacement 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 Frequent Replacement 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. Frequent Replacement 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 Frequent Replacement 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. Frequent Replacement 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 Frequent Replacement Contact Lenses Demand Share Forecast, 2019-2026
9. North America Frequent Replacement 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 Frequent Replacement 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 Frequent Replacement 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 Frequent Replacement Contact Lenses Market Size and Volume Forecast by Type
9.7.1. Monthly Replacement
9.7.2. Quarterly Replacement
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 Frequent Replacement Contact Lenses Demand Share Forecast, 2019-2026
10. Latin America Frequent Replacement 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 Frequent Replacement 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 Frequent Replacement 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 Frequent Replacement Contact Lenses Market Size and Volume Forecast by Type
10.7.1. Monthly Replacement
10.7.2. Quarterly Replacement
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 Frequent Replacement Contact Lenses Demand Share Forecast, 2019-2026
11. Europe Frequent Replacement 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 Frequent Replacement 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 Frequent Replacement 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 Frequent Replacement Contact Lenses Market Size and Volume Forecast by Type
11.7.1 Monthly Replacement
11.7.2. Quarterly Replacement
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 Frequent Replacement Contact Lenses Demand Share, 2019-2026
12. Asia Pacific Frequent Replacement 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 Frequent Replacement 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 Frequent Replacement 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 Frequent Replacement Contact Lenses Market Size and Volume Forecast by Type
12.7.1. Monthly Replacement
12.7.2. Quarterly Replacement
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 Frequent Replacement Contact Lenses Demand Share, 2019-2026
13. Middle East & Africa Frequent Replacement 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 Frequent Replacement 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 Frequent Replacement 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 Frequent Replacement Contact Lenses Market Size and Volume Forecast by Type
13.7.1. Monthly Replacement
13.7.2. Quarterly Replacement
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 Frequent Replacement Contact Lenses Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Frequent Replacement Contact Lenses Market: Market Share Analysis
14.2. Frequent Replacement Contact Lenses Distributors and Customers
14.3. Frequent Replacement 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. St.Shine Optical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bescon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Menicon
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. NEO Vision
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Clearlab
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