Market Overview:
The global soft (hydrophilic) 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 factors such as the increasing prevalence of eye disorders, rising awareness about the benefits of soft contact lenses, and technological advancements in the field of ophthalmology. Based on type, the global soft (hydrophilic) contact lenses market is segmented into daily wear contact lenses, disposable contact lenses, extended wear contact lenses, tinted or cosmetic contact lenses and toric contacts lens. The disposable lens segment is expected to register highest CAGR during the forecast period owing to increase in demand for convenience products among consumers. By application, hospital pharmacies accounted for majority share in 2017 and is projected to maintain its dominance during the forecast period.
 Contact Lenses Industry Outlook.svg)
Product Definition:
A soft (hydrophilic) contact lens is a type of contact lens that is made from hydrogel, a water-containing polymer. Soft (hydrophilic) contact lenses are more comfortable than other types of contacts and are less likely to cause eye irritation. They are also easier to remove from the eyes.
Daily Wear Contact Lenses:
The daily wear contact lenses market is expected to grow at a lucrative rate during the forecast period. The key drivers of this market are increasing demand for multifunctional and advanced lens designs, rising awareness about vision correction, growing prevalence of eye disorders such as myopia (near sightedness), hyperopia (far sightedness) and astigmatism among others.
Disposable Contact Lenses:
Disposable contact lenses are used for the treatment of dry eyes, it can also be used for the management of acute angle glaucoma and chronic non-angle glaucoma. These lenses are made from polymers (plastic) or glass and have a soft outer coating to match the surface around your eye. They come in different shapes, colors & sizes to suit individual needs.
Application Insights:
The daily wear contact lenses segment dominated the global soft (hydrophilic) contact lenses market in 2017, accounting for over 50.0% share of the total revenue. The growing demand for hydrophilic daily wear contacts to correct myopia (near-sightedness), hyperopia (farsightedness), astigmatism, and presbyopia is expected to drive growth over the forecast period.
The disposables segment is anticipated to witness significant growth during the forecast period owing to increasing disposable income among individuals across developing countries such as China and India. Moreover, a rise in ocular diseases that require frequent replacement of glasses or goggles will boost product demand globally. However, high manufacturing costs are expected restrain its penetration rate among other applications such as tinted or cosmetic contact lenses and others during the forecast period.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional segment over the forecast period. The growth can be attributed to increasing disposable income, rising awareness about vision correction surgery, and availability of various types of soft contact lenses in countries such as China and India. In addition, increasing medical tourism in emerging economies will also contribute towards market growth during the forecast period.
Europe accounted for a significant share in 2016 owing to high prevalence of myopia among children & adolescents coupled with rapid adoption of technologically advanced products such as hydrophilic contact lenses. Moreover, presence of major players such as Bausch + Lomb and Allergan will also help Europe retain its position until 2030 AD (see figure above).
In North America region, daily wear hydrophilic soft contacts are dominating due to their ease in handling compared with other types including monthly disposable ones (figure below).
Growth Factors:
- Increasing demand for soft contact lenses due to their high comfort levels and aesthetic appeal.
- Rising awareness about the benefits of soft contact lenses over traditional eyeglasses and spectacles.
- Growing popularity of disposable soft contact lenses among consumers owing to their convenience and hygiene factors.
- Proliferation of online retail platforms that offer a wide variety of soft contact lenses at competitive prices, making them more accessible to consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Soft (Hydrophilic) Contact Lenses Market Research Report
By Type
Daily Wear Contact Lenses, Disposable Contact Lenses, Extended Wear Contact Lenses, Tinted or Cosmetic Contact Lenses, Toric Contact Lenses, Others
By Application
Hospital Pharmacies, Optical Stores, Online Stores, Others
By Companies
Johnson & Johnson Vision Care, Bescon, Novartis, Bausch+Lomb, Menicon, St.Shine Optical, CooperVision, Hydron, Weicon, NEO Vision, Johnson & Johnson Vision Care
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Soft (Hydrophilic) Contact Lenses Market Report Segments:
The global Soft (Hydrophilic) Contact Lenses market is segmented on the basis of:
Types
Daily Wear Contact Lenses, Disposable Contact Lenses, Extended Wear Contact Lenses, Tinted or Cosmetic Contact Lenses, Toric Contact Lenses, 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
Hospital Pharmacies, Optical Stores, 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 & Johnson Vision Care
- Bescon
- Novartis
- Bausch+Lomb
- Menicon
- St.Shine Optical
- CooperVision
- Hydron
- Weicon
- NEO Vision
- Johnson & Johnson Vision Care
 Contact Lenses Market Overview.svg)
Highlights of The Soft (Hydrophilic) 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:
- Daily Wear Contact Lenses
- Disposable Contact Lenses
- Extended Wear Contact Lenses
- Tinted or Cosmetic Contact Lenses
- Toric Contact Lenses
- Others
- By Application:
- Hospital Pharmacies
- Optical Stores
- 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 Soft (Hydrophilic) 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
 Contact Lenses Market Statistics.svg)
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?
Soft contact lenses are hydrophilic contact lenses that are designed to be worn in water. They have a soft, flexible outer layer that is made of silicone or other similar materials. This layer allows the lens to conform to the surface of your eye and keep it from sticking out. The inner lens is also made of a soft material, which helps it move smoothly across your eyes
Some of the major players in the soft (hydrophilic) contact lenses market are Johnson & Johnson Vision Care, Bescon, Novartis, Bausch+Lomb, Menicon, St.Shine Optical, CooperVision, Hydron, Weicon, NEO Vision, Johnson & Johnson Vision Care.
The soft (hydrophilic) contact lenses market is expected to grow at a compound annual growth rate of 7.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Soft (Hydrophilic) 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 Soft (Hydrophilic) Contact Lenses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Soft (Hydrophilic) 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 Soft (Hydrophilic) 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 Soft (Hydrophilic) Contact Lenses Market Size & Forecast, 2020-2028
4.5.1 Soft (Hydrophilic) Contact Lenses Market Size and Y-o-Y Growth
4.5.2 Soft (Hydrophilic) Contact Lenses Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Daily Wear Contact Lenses
5.2.2 Disposable Contact Lenses
5.2.3 Extended Wear Contact Lenses
5.2.4 Tinted or Cosmetic Contact Lenses
5.2.5 Toric Contact Lenses
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospital Pharmacies
6.2.2 Optical Stores
6.2.3 Online Stores
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Soft (Hydrophilic) 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 Soft (Hydrophilic) 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Daily Wear Contact Lenses
9.6.2 Disposable Contact Lenses
9.6.3 Extended Wear Contact Lenses
9.6.4 Tinted or Cosmetic Contact Lenses
9.6.5 Toric Contact Lenses
9.6.6 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 Market Size Forecast by Applications
9.10.1 Hospital Pharmacies
9.10.2 Optical Stores
9.10.3 Online Stores
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Daily Wear Contact Lenses
10.6.2 Disposable Contact Lenses
10.6.3 Extended Wear Contact Lenses
10.6.4 Tinted or Cosmetic Contact Lenses
10.6.5 Toric Contact Lenses
10.6.6 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 Market Size Forecast by Applications
10.10.1 Hospital Pharmacies
10.10.2 Optical Stores
10.10.3 Online Stores
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Daily Wear Contact Lenses
11.6.2 Disposable Contact Lenses
11.6.3 Extended Wear Contact Lenses
11.6.4 Tinted or Cosmetic Contact Lenses
11.6.5 Toric Contact Lenses
11.6.6 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 Market Size Forecast by Applications
11.10.1 Hospital Pharmacies
11.10.2 Optical Stores
11.10.3 Online Stores
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Daily Wear Contact Lenses
12.6.2 Disposable Contact Lenses
12.6.3 Extended Wear Contact Lenses
12.6.4 Tinted or Cosmetic Contact Lenses
12.6.5 Toric Contact Lenses
12.6.6 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 Market Size Forecast by Applications
12.10.1 Hospital Pharmacies
12.10.2 Optical Stores
12.10.3 Online Stores
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Daily Wear Contact Lenses
13.6.2 Disposable Contact Lenses
13.6.3 Extended Wear Contact Lenses
13.6.4 Tinted or Cosmetic Contact Lenses
13.6.5 Toric Contact Lenses
13.6.6 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) Market Size Forecast by Applications
13.10.1 Hospital Pharmacies
13.10.2 Optical Stores
13.10.3 Online Stores
13.10.4 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 Soft (Hydrophilic) Contact Lenses Market: Competitive Dashboard
14.2 Global Soft (Hydrophilic) Contact Lenses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson Vision Care
14.3.2 Bescon
14.3.3 Novartis
14.3.4 Bausch+Lomb
14.3.5 Menicon
14.3.6 St.Shine Optical
14.3.7 CooperVision
14.3.8 Hydron
14.3.9 Weicon
14.3.10 NEO Vision
14.3.11 Johnson & Johnson Vision Care
