Market Overview:
The global myopia control contact lenses market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of myopia, rising awareness about the benefits of myopia control contact lenses, and technological advancements in this field. The global myopia control contact lenses market can be segmented on the basis of type into Boston material, Paragon material, and others. On the basis of application, it can be segmented into teenagers and adults. Geographically, it can be divided into North America, Latin America, Europe Asia Pacific and Middle East & Africa.
Product Definition:
Myopia control contact lenses are a type of contact lens that is specifically designed to help control the progression of myopia, or nearsightedness. Myopia control contact lenses work by gently reshaping the curvature of the cornea, which helps to slow down or stop the progression of myopia. Myopia control contact lenses are important because they can help prevent children from developing severe nearsightedness, which can lead to vision problems later in life.
Boston Material:
The Boston material is a type of soft contact lens that helps in reducing the degree of myopia. The material has a high water content and is made up of flexible, thin-walled plastic. It can be used with any type of eye surgery including LASIK (Laser-Assisted In Situ Keratomileusis) or PRK (Pulsed Radiofrequency Keratomileusis).
Paragon Material:
Paragon Material is a new material developed by Bausch & Lomb for the manufacturing of advanced myopia control contact lenses. The material consists of an advanced polymer core that helps in reducing the degree of spherical aberration and as a result, provides enhanced visual acuity at all distances.
The company has managed to create this product through innovative technology and according to their research; it has been found that these materials can help in significantly reducing nearsightedness or myopia.
Application Insights:
The teenagers segment held the largest market share in 2017 and is expected to continue its dominance over the forecast period. The high prevalence of myopia among this age group is attributed to factors such as increasing spending on spectacles by parents for their children, growing awareness about myopia, rise in academic activities leading to more time spent outdoors which encourages myopia, and increase in near work activities.
The adult application segment is expected to register a significant CAGR of XX% from 2018 to 2030 owing to an increase in working population leading them being exposed frequently towards computers resulting into increased risk of developing myopia over a period of time. An average adult reads or watches TV for approximately 3 hours a day with 90% concentration on close work areas like reading or watching TV thereby increasing the risk factor associated with this disorder significantly.
Regional Analysis:
Asia Pacific dominated the global myopia control contact lenses market in 2017. The presence of a large population suffering from myopia and growing awareness about the availability of these lenses are some factors driving growth in this region. In addition, increasing disposable income levels and rapid urbanization are also expected to drive demand for these products over the forecast period.
The Asia Pacific is followed by North America owing to its high prevalence rate of eye diseases such as nearsightedness, which makes it necessary for patients to wear glasses or contact lenses simultaneously while treating their condition with minimally invasive methods such as soft lens implants or refractive surgery procedures using advanced technologies like wavefront-guided cataract surgeries that do not involve cutting open an eyeball unlike other traditional surgeries that require several days recovery time post-surgery).
Growth Factors:
- Increasing awareness about the benefits of myopia control contact lenses: There is a growing awareness among people about the benefits of myopia control contact lenses. This is helping to drive the growth of this market.
- Growing demand for custom-made contact lenses: The demand for custom-made contact lenses is increasing, as they provide better vision and comfort than off-the-shelf contacts. Myopia control contact lenses are also custom made and this is driving their growth in the market.
- Rising prevalence of myopia: The prevalence of myopia is rising globally, which is leading to an increase in demand for myopia control products, including contact lenses.
- Technological advancements: There have been several technological advancements in the field of ophthalmology in recent years, which has helped to improve the quality and efficacy of myopia control products, including contact lenses. This is aiding the growth of this market significantly . 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Myopia Control Contact Lenses Market Research Report
By Type
Boston Material, Paragon Material, Others
By Application
Teenagers, Adults
By Companies
Ovctek, EUCLID, Paragon, Alpha Corporation, Lucid Korea, Brighten Optix, Contex, Procornea, Ovctek
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
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Myopia Control Contact Lenses Market Report Segments:
The global Myopia Control Contact Lenses market is segmented on the basis of:
Types
Boston Material, Paragon Material, Others
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
Teenagers, Adults
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:
- Ovctek
- EUCLID
- Paragon
- Alpha Corporation
- Lucid Korea
- Brighten Optix
- Contex
- Procornea
- Ovctek
Highlights of The Myopia Control 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:
- Boston Material
- Paragon Material
- Others
- By Application:
- Teenagers
- Adults
- 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 Myopia Control 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:
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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?
Myopia control contact lenses are a type of eyeglasses that help to correct nearsightedness. They are made from a soft, flexible material and have a small lens inside them. The contact lenses are worn on the eye and fit snugly against the eye. They work by bending light as it enters your eyes, which helps to correct your vision. Myopia control contact lenses can be used in combination with other types of eyeglasses or contacts to provide the best possible correction for your myopia.
Some of the major companies in the myopia control contact lenses market are Ovctek, EUCLID, Paragon, Alpha Corporation, Lucid Korea, Brighten Optix, Contex, Procornea, Ovctek.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Myopia Control Contact 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 Myopia Control Contact Lenses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Myopia Control Contact 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 Myopia Control Contact 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 Myopia Control Contact Lenses Market Size & Forecast, 2018-2028
4.5.1 Myopia Control Contact Lenses Market Size and Y-o-Y Growth
4.5.2 Myopia Control Contact Lenses Market Absolute $ Opportunity
Chapter 5 Global Myopia Control Contact 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 Myopia Control Contact Lenses Market Size Forecast by Type
5.2.1 Boston Material
5.2.2 Paragon Material
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Myopia Control Contact 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 Myopia Control Contact Lenses Market Size Forecast by Applications
6.2.1 Teenagers
6.2.2 Adults
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Myopia Control Contact 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 Myopia Control Contact 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 Myopia Control Contact Lenses Analysis and Forecast
9.1 Introduction
9.2 North America Myopia Control Contact 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 Myopia Control Contact Lenses Market Size Forecast by Type
9.6.1 Boston Material
9.6.2 Paragon Material
9.6.3 Others
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 Myopia Control Contact Lenses Market Size Forecast by Applications
9.10.1 Teenagers
9.10.2 Adults
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 Myopia Control Contact Lenses Analysis and Forecast
10.1 Introduction
10.2 Europe Myopia Control Contact 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 Myopia Control Contact Lenses Market Size Forecast by Type
10.6.1 Boston Material
10.6.2 Paragon Material
10.6.3 Others
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 Myopia Control Contact Lenses Market Size Forecast by Applications
10.10.1 Teenagers
10.10.2 Adults
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 Myopia Control Contact Lenses Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Myopia Control Contact 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 Myopia Control Contact Lenses Market Size Forecast by Type
11.6.1 Boston Material
11.6.2 Paragon Material
11.6.3 Others
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 Myopia Control Contact Lenses Market Size Forecast by Applications
11.10.1 Teenagers
11.10.2 Adults
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 Myopia Control Contact Lenses Analysis and Forecast
12.1 Introduction
12.2 Latin America Myopia Control Contact 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 Myopia Control Contact Lenses Market Size Forecast by Type
12.6.1 Boston Material
12.6.2 Paragon Material
12.6.3 Others
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 Myopia Control Contact Lenses Market Size Forecast by Applications
12.10.1 Teenagers
12.10.2 Adults
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) Myopia Control Contact Lenses Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Myopia Control Contact 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) Myopia Control Contact Lenses Market Size Forecast by Type
13.6.1 Boston Material
13.6.2 Paragon Material
13.6.3 Others
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) Myopia Control Contact Lenses Market Size Forecast by Applications
13.10.1 Teenagers
13.10.2 Adults
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 Myopia Control Contact Lenses Market: Competitive Dashboard
14.2 Global Myopia Control Contact Lenses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ovctek
14.3.2 EUCLID
14.3.3 Paragon
14.3.4 Alpha Corporation
14.3.5 Lucid Korea
14.3.6 Brighten Optix
14.3.7 Contex
14.3.8 Procornea
14.3.9 Ovctek
