Market Overview:
The global therapeutic contact lenses market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of eye diseases, rising awareness about the benefits of therapeutic contact lenses, and technological advancements in this field. The global therapeutic contact lenses market is segmented on the basis of type into dye eye disease, corneal ablation, LASIK surgery, and others. The dye eye disease segment is expected to account for the largest share of the global therapeutic contact lenses market in 2018 owing to factors such as high prevalence of diabetes and other vision-related problems among people across the globe. On the basis of application,the global therapeutic contact lenses market is segmented into medical stores, specialty retail stores, and online retail.
Product Definition:
Therapeutic contact lenses are prescription lenses that are worn to correct vision problems. They are also used to treat conditions such as dry eye syndrome and conjunctivitis. Therapeutic contact lenses can help improve vision and quality of life for people who suffer from these conditions.
Dye Eye Disease:
Dye eye disease is a medical condition in which the eyes are affected by colored lenses that are placed in them. These lenses may be natural or artificial and can be used for both vision correction and cosmetic purposes. Dye eye disease has been known to have two forms namely acute and chronic. Acute dye eye disease usually occurs when there is an increase in pressure inside the eyes, this results into blurred vision along with redness of eyes due to blood vessel constriction.
Corneal Ablation:
The corneal ablation market is expected to witness lucrative growth over the forecast period owing to increasing prevalence of keratoconus, infectious keratitis and dry eye disease. According to the National Keratoconus Foundation (NKF), in 2015, there were around 2 million people suffering from keratoconus across the globe. It also reported that in U.S.
Application Insights:
The others segment held the largest share of more than 50.0% in 2017. Therapeutic contact lenses are used for various purposes, such as therapeutic vision correction, treatment of ocular diseases and enhancement of aesthetic appeal. The other application segment includes cosmetic surgeries and is expected to witness significant growth over the forecast period due to rising disposable income levels coupled with a growing aging population that needs corrective eye care procedures for better vision.
Medical stores accounted for the second-largest share in terms of revenue in 2017 owing to increasing usage of therapeutic contact lenses by doctors and surgeons during medical procedures or surgeries on eyesight patients without their knowledge or consent.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to increasing cases of diabetic retinopathy, glaucoma, and dry eye disease. In addition, rising adoption of contact lenses for cosmetic and therapeutic purposes is also driving growth in this region. Europe accounted for a significant share in terms of revenue as well as volume owing to growing demand from countries such as Germany and U.K.
Growth Factors:
- Increasing prevalence of eye disorders and vision impairment: The increasing prevalence of various eye disorders, such as myopia, hyperopia, astigmatism, and presbyopia is expected to drive the demand for therapeutic contact lenses in the coming years. According to a study by The National Eye Institute (NEI), around 54 million people in the U.S. are affected by some form of vision impairment and this number is estimated to grow significantly in the next few years. This will create a high demand for therapeutic contact lenses that can help correct various vision problems effectively.
- Growing awareness about benefits of therapeutic contact lenses: There is a growing awareness among people about the benefits of using therapeutic contact lenses over traditional eyeglasses or spectacles for correcting various eye problems. This has led to an increase in demand for these devices in recent years and is likely to continue doing so in the coming years as well.
Scope Of The Report
Report Attributes
Report Details
Report Title
Therapeutic Contact Lenses Market Research Report
By Type
Dye Eye Disease, Corneal Ablation, LASIK Surgery, Others
By Application
Medical Stores, Specialty Retail Stores, Online Retail
By Companies
UltraVision CLPL, Johnson and Johnson Vision Care, Bausch + Lomb, Vistacom, Alcon
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
162
Number of Tables & Figures
114
Customization Available
Yes, the report can be customized as per your need.
Global Therapeutic Contact Lenses Market Report Segments:
The global Therapeutic Contact Lenses market is segmented on the basis of:
Types
Dye Eye Disease, Corneal Ablation, LASIK Surgery, 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
Medical Stores, Specialty Retail Stores, Online Retail
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:
- UltraVision CLPL
- Johnson and Johnson Vision Care
- Bausch + Lomb
- Vistacom
- Alcon
Highlights of The Therapeutic 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:
- Dye Eye Disease
- Corneal Ablation
- LASIK Surgery
- Others
- By Application:
- Medical Stores
- Specialty Retail Stores
- Online Retail
- 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 Therapeutic 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?
Therapeutic contact lenses are a type of eyeglasses that help people with vision problems see better. Therapeutic contact lenses are made from a soft, flexible material and fit over the front of your eyes. They're designed to keep your eyes healthy by correcting your vision and preventing dry eye syndrome.
Some of the key players operating in the therapeutic contact lenses market are UltraVision CLPL, Johnson and Johnson Vision Care, Bausch + Lomb, Vistacom, Alcon.
The therapeutic contact lenses market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Therapeutic 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 Therapeutic Contact Lenses Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Therapeutic 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 Therapeutic 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 Therapeutic Contact Lenses Market Size & Forecast, 2020-2028 4.5.1 Therapeutic Contact Lenses Market Size and Y-o-Y Growth 4.5.2 Therapeutic 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 Dye Eye Disease
5.2.2 Corneal Ablation
5.2.3 LASIK Surgery
5.2.4 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 Medical Stores
6.2.2 Specialty Retail Stores
6.2.3 Online Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Therapeutic 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 Therapeutic 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 Dye Eye Disease
9.6.2 Corneal Ablation
9.6.3 LASIK Surgery
9.6.4 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 Medical Stores
9.10.2 Specialty Retail Stores
9.10.3 Online Retail
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 Dye Eye Disease
10.6.2 Corneal Ablation
10.6.3 LASIK Surgery
10.6.4 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 Medical Stores
10.10.2 Specialty Retail Stores
10.10.3 Online Retail
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 Dye Eye Disease
11.6.2 Corneal Ablation
11.6.3 LASIK Surgery
11.6.4 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 Medical Stores
11.10.2 Specialty Retail Stores
11.10.3 Online Retail
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 Dye Eye Disease
12.6.2 Corneal Ablation
12.6.3 LASIK Surgery
12.6.4 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 Medical Stores
12.10.2 Specialty Retail Stores
12.10.3 Online Retail
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 Dye Eye Disease
13.6.2 Corneal Ablation
13.6.3 LASIK Surgery
13.6.4 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 Medical Stores
13.10.2 Specialty Retail Stores
13.10.3 Online Retail
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 Therapeutic Contact Lenses Market: Competitive Dashboard
14.2 Global Therapeutic Contact Lenses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 UltraVision CLPL
14.3.2 Johnson and Johnson Vision Care
14.3.3 Bausch + Lomb
14.3.4 Vistacom
14.3.5 Alcon