Market Overview:
The global disposable contact lenses market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of eye disorders, rising awareness about the benefits of disposable contact lenses, and technological advancements in the field of ophthalmology. By type, the soft contact lenses segment is expected to dominate the global disposable contact lenses market during the forecast period. By application, corrective lens segment is projected to account for a larger share of this market than therapeutic lens segment during 2018-2030.
Product Definition:
A weekly disposable contact lens is a type of contact lens that is worn for one week and then disposed of. These lenses are typically made from silicone hydrogel, which allows more oxygen to pass through to the cornea than traditional soft contact lenses. This makes them more comfortable to wear and helps protect against eye infections.
Hard Contact Lenses:
Hard contact lenses are also known as rigid gas-permeable (RGP) or extended-release (ER) lenses. They are designed to be used for longer periods of time and provide better comfort than soft contact lenses. Hard contact lens market is expected to witness significant growth over the forecast period owing to its increasing usage in daily disposable products along with extended wear capabilities compared to traditional monthly or yearly disposable contacts.
Soft Contact Lenses:
Soft contact lenses are the type of lens that is used for daily wear. They have a flexible design and can be worn for extended periods without causing eye irritation or pain. Soft contact lenses are available in different forms such as gas-permeable, water-permeable, and non-water permeable.
Application Insights:
Therapeutic application of contact lenses held the largest share of over 70.0% in 2017. Rising prevalence of eye diseases such as myopia, hyperopia, astigmatism and presbyopia is expected to increase the demand for therapeutic contact lenses in the future. As per WHO, around 1 billion people suffer from some form of vision impairment which includes myopia, hyperopia and astigmatism globally which is expected to increase due to rise in lifestyle disorders including obesity and diabetes leading to visual impairment.
The corrective lens segment is anticipated register a significant CAGR during forecast years owing to its widespread usage for various applications such as reading glasses or sunglasses by adults as well as children who have difficulty focusing on close objects or reading small print. The rising number of geriatric population with refractive errors that may cause them functional vision impairment if not corrected properly is also anticipated fuel growth over the forecast period (Forecast Methodology).
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 disposable income, high awareness about various treatment options, and availability of advanced products for daily wear and tear conditions.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income levels coupled with growing medical tourism industry in emerging countries such as India, China, Thailand & Japan etc. In addition, an increase in ophthalmic disorders due lack of hygiene or improper handling of contact lenses may also drive demand during this period. Moreover it has been observed that a large number of patients from Asia prefer monthly billing option which helps them manage their finances better as compared to other options like annual billing option offered by some companies where patient have no control over when they need refills most -.-.-.-.-.-.-.-- - - - -.-.
Growth Factors:
- Increasing demand for convenience and portability in contact lenses
- Rising awareness about the benefits of weekly disposable contact lenses over traditional monthly disposable contacts
- Growing popularity of online retailers as a source for purchasing contact lenses, including weekly disposable contacts
- Advances in lens technology that make weekly disposable contacts more comfortable and convenient to wear than ever before
- Increased marketing and promotion of weekly disposable contact lenses by manufacturers and retailers
Scope Of The Report
Report Attributes
Report Details
Report Title
Weekly Disposable Contact Lenses Market Research Report
By Type
Hard Contact Lenses, Soft Contact Lenses
By Application
Corrective Lenses, Therapeutic Lenses
By Companies
Johnson &Johnson Vision Care, Novartis, CooperVision, Bausch + Lomb, St.Shine Optical, Menicon, 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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Weekly Disposable Contact Lenses Market Report Segments:
The global Weekly Disposable Contact Lenses market is segmented on the basis of:
Types
Hard Contact Lenses, Soft Contact Lenses
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
Corrective Lenses, Therapeutic Lenses
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
- Novartis
- CooperVision
- Bausch + Lomb
- St.Shine Optical
- Menicon
- Johnson &Johnson Vision Care
Highlights of The Weekly Disposable 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:
- Hard Contact Lenses
- Soft Contact Lenses
- By Application:
- Corrective Lenses
- Therapeutic Lenses
- 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 Weekly Disposable 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Weekly disposable contact lenses are a type of contact lens that you wear every week. They are made from a soft, flexible material and have a special coating that helps them to stay in your eyes. Weekly disposable contacts come in several different types of designs and colors, so you can find one that suits your style.
Some of the major companies in the weekly disposable contact lenses market are Johnson &Johnson Vision Care, Novartis, CooperVision, Bausch + Lomb, St.Shine Optical, Menicon, Johnson &Johnson Vision Care.
The weekly disposable contact lenses market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Weekly Disposable 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 Weekly Disposable Contact Lenses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Weekly Disposable 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 Weekly Disposable 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 Weekly Disposable Contact Lenses Market Size & Forecast, 2020-2028
4.5.1 Weekly Disposable Contact Lenses Market Size and Y-o-Y Growth
4.5.2 Weekly Disposable 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 Hard Contact Lenses
5.2.2 Soft Contact Lenses
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 Corrective Lenses
6.2.2 Therapeutic Lenses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Weekly Disposable 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 Weekly Disposable 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 Hard Contact Lenses
9.6.2 Soft Contact Lenses
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 Corrective Lenses
9.10.2 Therapeutic Lenses
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 Hard Contact Lenses
10.6.2 Soft Contact Lenses
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 Corrective Lenses
10.10.2 Therapeutic Lenses
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 Hard Contact Lenses
11.6.2 Soft Contact Lenses
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 Corrective Lenses
11.10.2 Therapeutic Lenses
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 Hard Contact Lenses
12.6.2 Soft Contact Lenses
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 Corrective Lenses
12.10.2 Therapeutic Lenses
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 Hard Contact Lenses
13.6.2 Soft Contact Lenses
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 Corrective Lenses
13.10.2 Therapeutic Lenses
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 Weekly Disposable Contact Lenses Market: Competitive Dashboard
14.2 Global Weekly Disposable 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 Novartis
14.3.3 CooperVision
14.3.4 Bausch + Lomb
14.3.5 St.Shine Optical
14.3.6 Menicon
14.3.7 Johnson &Johnson Vision Care
