Market Overview:
The global yearly disposable contact lenses market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of eye disorders, rising awareness about the benefits of using disposable contact lenses, and technological advancements in the field of ophthalmology. The global yearly disposable contact lenses market is segmented on the basis of type into clear lenses and colored lenses. Clear lens dominates the overall market owing to their high demand for corrective purposes across all regions. Colored lens are mainly used for cosmetic applications and are popular in developed countries such as North America and Europe. On the basis of application, corrective lens dominates the overall market followed by cosmetic lens. The demand for corrective lens is high due to increasing prevalence of myopia, hyperopia, astigmatism, and presbyopia among people across all regions worldwide.
Product Definition:
Yearly disposable contact lenses are contact lenses that are meant to be disposed of and replaced once a year. They are typically made of silicone hydrogel, which allows more oxygen to pass through to the eye than traditional soft contacts. This makes them a good choice for people with sensitive eyes or who wear contacts for extended periods of time.
Clear Lenses:
Clear lenses are used in yearly disposable contact lenses. They are manufactured using a polymer that is either gas-permeable or water-permeable. The permeability of the lens allows oxygen and nutrients to pass through while keeping bacteria out, thereby making them suitable for daily wear.
The global market for clear lenses was estimated at USD 2 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period.
Colored Lenses:
Colored lenses are used in yearly disposable contact lenses market. They are available in different colors such as blue, brown, green and grey. These colored lenses provide enhanced visual acuity compared to daily use clear or transparent lens.
Increased demand for cosmetic surgery is one of the major factors driving the growth of this market globally.
Application Insights:
The corrective lenses application segment led the global market and accounted for more than 41.0% share of the total revenue in 2017. The growing prevalence of myopia or hyperopia, which is a short-term or long-term vision problem due to nearsightedness or farsightedness, is expected to drive the demand for corrective contact lenses over the forecast period.
Cosmetic lens application is anticipated to witness significant growth over the forecast period owing to rising consumer awareness regarding beauty and fashion trends. Increasing disposable income levels coupled with changing lifestyles has created a positive impact on product demand in this segment as well as cosmetic surgery procedures are increasing day by day across various regions globally which will boost product penetration further driving demand over next few years.
The Asia Pacific region accounted for more than 30% share of global revenue in 2017 owing to rapid industrialization.
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, rising awareness about cosmetic lenses, and availability of advanced products for daily use. In addition, high prevalence of eye diseases such as diabetic retinopathy and glaucoma is anticipated to drive product demand in North America over the forecast period.
Asia Pacific contact lens market is projected to grow at a lucrative rate over the forecast period owing to factors such as growing population with vision needs; improving healthcare infrastructure; increase in disposable income; and rise in consumer awareness about various types of contact lenses available for different purposes (corrective, cosmetic).
Growth Factors:
- Increasing demand for contact lenses from young population: The global contact lens market is expected to grow at a CAGR of 6.5% during the forecast period. This can be attributed to the increasing demand for contact lenses from the young population, who are becoming more aware of their appearance and want to improve their vision.
- Rising prevalence of eye disorders: The rising prevalence of eye disorders such as myopia, astigmatism, and hypermetropia is also contributing to the growth of the global disposable contact lenses market. According to a study by American Academy of Ophthalmology (AAO), around 66% people in North America suffer from some kind of refractive error that can be corrected with glasses or contacts lenses. This is expected to drive the demand for disposable contact lenses in this region over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Yearly Disposable Contact Lenses Market Research Report
By Type
Clear Lenses, Colored Lenses
By Application
Corrective Lenses, Cosmetic Lenses
By Companies
Johnson & Johnson, Cooper Vision, CIBA Vision, Bausch & Lomb, Alcon, Bescon, Hydron, Clearlab, Weicon, IGEL
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
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Yearly Disposable Contact Lenses Market Report Segments:
The global Yearly Disposable Contact Lenses market is segmented on the basis of:
Types
Clear Lenses, Colored 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, Cosmetic 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
- Cooper Vision
- CIBA Vision
- Bausch & Lomb
- Alcon
- Bescon
- Hydron
- Clearlab
- Weicon
- IGEL
Highlights of The Yearly 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:
- Clear Lenses
- Colored Lenses
- By Application:
- Corrective Lenses
- Cosmetic 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 Yearly 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.
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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?
Yearly disposable contact lenses are a type of contact lens that are worn only once a year. They are often called "disposable" because they must be disposed of after use.
Some of the key players operating in the yearly disposable contact lenses market are Johnson & Johnson, Cooper Vision, CIBA Vision, Bausch & Lomb, Alcon, Bescon, Hydron, Clearlab, Weicon, IGEL.
The yearly disposable contact lenses market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Yearly 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 Yearly Disposable Contact Lenses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Yearly 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 Yearly 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 Yearly Disposable Contact Lenses Market Size & Forecast, 2020-2028
4.5.1 Yearly Disposable Contact Lenses Market Size and Y-o-Y Growth
4.5.2 Yearly 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 Clear Lenses
5.2.2 Colored 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 Cosmetic Lenses
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Yearly 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 Yearly 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 Clear Lenses
9.6.2 Colored 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 Cosmetic 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 Clear Lenses
10.6.2 Colored 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 Cosmetic 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 Clear Lenses
11.6.2 Colored 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 Cosmetic 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 Clear Lenses
12.6.2 Colored 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 Cosmetic 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 Clear Lenses
13.6.2 Colored 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 Cosmetic 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 Yearly Disposable Contact Lenses Market: Competitive Dashboard
14.2 Global Yearly Disposable Contact Lenses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Johnson & Johnson
14.3.2 Cooper Vision
14.3.3 CIBA Vision
14.3.4 Bausch & Lomb
14.3.5 Alcon
14.3.6 Bescon
14.3.7 Hydron
14.3.8 Clearlab
14.3.9 Weicon
14.3.10 IGEL
