Market Overview:
The global extended & continuous wear lenses market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing prevalence of eye disorders and rising demand for extended & continuous wear lenses across the globe. Based on type, the global extended & continuous wear lenses market is segmented into daily, weekly, monthly and yearly types. The daily type segment is expected to account for a major share of the global extended & continuous wear lenses market in 2018. This can be attributed to its high adoption rate among consumers owing to its convenience and easy usage. However, the monthly type segment is projected to register highest CAGR during the forecast period due to increasing awareness about benefits associated with using monthly contact lenses among consumers worldwide. Based on application, multi-brand stores accounted for majority share of global extended & continuous wear lens sales in 2017; however, independent optical stores are projected grow at highest CAGR over next 10 years owing growing preference for buying contact lens products from standalone optical stores by consumers across regions including North America and Europe . Franchises store are also anticipated witness significant growth during forecast period as these outlets offer wide variety products under one roof along with attractive discounts which lure customers towards it . Online retailer’s contribution in overall sales revenue generated from sale of Extended Wear Lenses will increase significantly over next decade as number people preferring purchase product online is growing globally .
Product Definition:
An extended-wear contact lens is a type of contact lens that can be worn for multiple days in a row without removal. A continuous-wear contact lens is a type of extended-wear contact lens that can be worn for up to 30 days without removal.
Daily:
The global daily wear lenses market size was valued at USD 2.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The increasing prevalence of vision impairment, rising geriatric population base, and growing awareness regarding the availability of these products are some vital factors driving this industry’s growth globally.
Weekly:
The global weekly is a unit of measurement used to express the volume or mass consumption of lenses in eyewear. It is also used as an alternative to monthly and annually for measuring the usage rate of daily disposable eye wear products such as lenses, goggles, etc. The number of times a lens can be worn during any given time period depends on its type ( Weekly Disposable or Non-disposable).
Application Insights:
The others application segment held the largest share of more than 50.0% in 2017. The growth can be attributed to growing demand for designer frames and lenses from various applications such as film & television, photography, fashion, and advertising. The multi-brand stores application segment is expected to witness significant growth over the forecast period owing to increasing penetration of online retailers that offer ECCWLMs at cheaper prices compared to their offline counterparts. Furthermore, increasing preference for daily wear lenses among consumers due to busy lifestyles will drive the market further over the coming years.
ECCWLMs are increasingly being used by patients who require long-term vision correction or those with high myopia (near-sightedness) or hyperopia (farsightedness).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing cases of vision correction, high purchasing power, and availability of a wide range of frames from various manufacturers in this region. Europe accounted for more than 25% share in 2017 owing to growing demand for daily disposable lenses from countries including Germany, U.K.
Growth Factors:
- Increasing demand for extended and continuous wear lenses due to increasing prevalence of eye disorders such as myopia, astigmatism, and presbyopia.
- Rising awareness about the benefits of extended and continuous wear lenses among consumers.
- Technological advancements in the design and manufacturing of extended and continuous wear lenses that improve their comfortability and performance.
- Growing number of optometrists recommending extended and continuous wear lenses as a treatment option for various eye disorders.
- Availability of a wide range of extended & continuous wear lens products in different price ranges to cater to the needs of different consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Extended & Continuous Wear Lenses Market Research Report
By Type
Daily, Weekly, Monthly, Yearly
By Application
Multi-Brand Stores, Independent Optical Stores, Franchises Stores, Online Retailer, Others
By Companies
Menicon, Essilor International, Novartis International, SEED, ZEISS International, BenQ Materials, Bausch & Lomb, Blanchard Lab, Hoya Vision Care Company, Johnson & Johnson Vision Care, CooperVision
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Extended & Continuous Wear Lenses Market Report Segments:
The global Extended & Continuous Wear Lenses market is segmented on the basis of:
Types
Daily, Weekly, Monthly, Yearly
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
Multi-Brand Stores, Independent Optical Stores, Franchises Stores, Online Retailer, 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:
- Menicon
- Essilor International
- Novartis International
- SEED
- ZEISS International
- BenQ Materials
- Bausch & Lomb
- Blanchard Lab
- Hoya Vision Care Company
- Johnson & Johnson Vision Care
- CooperVision
Highlights of The Extended & Continuous Wear 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:
- Daily
- Weekly
- Monthly
- Yearly
- By Application:
- Multi-Brand Stores
- Independent Optical Stores
- Franchises Stores
- Online Retailer
- 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 & Continuous Wear 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
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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?
Extended & Continuous Wear lenses are designed to provide long-term vision correction. They are typically worn for a longer period of time than traditional contact lenses, and can be removed only by an optometrist. Extended & Continuous Wear lenses may also require periodic replacement or adjustment.
Some of the major players in the extended & continuous wear lenses market are Menicon, Essilor International, Novartis International, SEED, ZEISS International, BenQ Materials, Bausch & Lomb, Blanchard Lab, Hoya Vision Care Company, Johnson & Johnson Vision Care, CooperVision.
The extended & continuous wear lenses market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Extended & Continuous Wear Lenses Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Extended & Continuous Wear Lenses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Extended & Continuous Wear Lenses Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Extended & Continuous Wear Lenses Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Extended & Continuous Wear Lenses Market Size & Forecast, 2018-2028
4.5.1 Extended & Continuous Wear Lenses Market Size and Y-o-Y Growth
4.5.2 Extended & Continuous Wear Lenses Market Absolute $ Opportunity
Chapter 5 Global Extended & Continuous Wear Lenses Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Extended & Continuous Wear Lenses Market Size Forecast by Type
5.2.1 Daily
5.2.2 Weekly
5.2.3 Monthly
5.2.4 Yearly
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Extended & Continuous Wear Lenses Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Extended & Continuous Wear Lenses Market Size Forecast by Applications
6.2.1 Multi-Brand Stores
6.2.2 Independent Optical Stores
6.2.3 Franchises Stores
6.2.4 Online Retailer
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Extended & Continuous Wear Lenses Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Extended & Continuous Wear Lenses Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Extended & Continuous Wear Lenses Analysis and Forecast
9.1 Introduction
9.2 North America Extended & Continuous Wear Lenses Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Extended & Continuous Wear Lenses Market Size Forecast by Type
9.6.1 Daily
9.6.2 Weekly
9.6.3 Monthly
9.6.4 Yearly
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Extended & Continuous Wear Lenses Market Size Forecast by Applications
9.10.1 Multi-Brand Stores
9.10.2 Independent Optical Stores
9.10.3 Franchises Stores
9.10.4 Online Retailer
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Extended & Continuous Wear Lenses Analysis and Forecast
10.1 Introduction
10.2 Europe Extended & Continuous Wear Lenses Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Extended & Continuous Wear Lenses Market Size Forecast by Type
10.6.1 Daily
10.6.2 Weekly
10.6.3 Monthly
10.6.4 Yearly
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Extended & Continuous Wear Lenses Market Size Forecast by Applications
10.10.1 Multi-Brand Stores
10.10.2 Independent Optical Stores
10.10.3 Franchises Stores
10.10.4 Online Retailer
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Extended & Continuous Wear Lenses Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Extended & Continuous Wear Lenses Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Extended & Continuous Wear Lenses Market Size Forecast by Type
11.6.1 Daily
11.6.2 Weekly
11.6.3 Monthly
11.6.4 Yearly
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Extended & Continuous Wear Lenses Market Size Forecast by Applications
11.10.1 Multi-Brand Stores
11.10.2 Independent Optical Stores
11.10.3 Franchises Stores
11.10.4 Online Retailer
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Extended & Continuous Wear Lenses Analysis and Forecast
12.1 Introduction
12.2 Latin America Extended & Continuous Wear Lenses Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Extended & Continuous Wear Lenses Market Size Forecast by Type
12.6.1 Daily
12.6.2 Weekly
12.6.3 Monthly
12.6.4 Yearly
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Extended & Continuous Wear Lenses Market Size Forecast by Applications
12.10.1 Multi-Brand Stores
12.10.2 Independent Optical Stores
12.10.3 Franchises Stores
12.10.4 Online Retailer
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Extended & Continuous Wear Lenses Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Extended & Continuous Wear Lenses Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Extended & Continuous Wear Lenses Market Size Forecast by Type
13.6.1 Daily
13.6.2 Weekly
13.6.3 Monthly
13.6.4 Yearly
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Extended & Continuous Wear Lenses Market Size Forecast by Applications
13.10.1 Multi-Brand Stores
13.10.2 Independent Optical Stores
13.10.3 Franchises Stores
13.10.4 Online Retailer
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Extended & Continuous Wear Lenses Market: Competitive Dashboard
14.2 Global Extended & Continuous Wear Lenses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Menicon
14.3.2 Essilor International
14.3.3 Novartis International
14.3.4 SEED
14.3.5 ZEISS International
14.3.6 BenQ Materials
14.3.7 Bausch & Lomb
14.3.8 Blanchard Lab
14.3.9 Hoya Vision Care Company
14.3.10 Johnson & Johnson Vision Care
14.3.11 CooperVision
