Market Overview:
The global rigid contact lenses market is expected to grow at a CAGR of 5.5% 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 corrective lenses, and technological advancements in lens manufacturing. By type, the RGP segment is expected to dominate the global rigid contact lenses market during the forecast period. By application, corrective lenses are expected to account for a major share of the global rigid contact lenses market during the forecast period.
Product Definition:
Rigid contact lenses are made of a stiff, plastic material. They are generally less comfortable than soft contact lenses and can be more difficult to insert and remove. However, they offer the advantage of being more durable and less likely to become displaced than soft lenses. Rigid contact lenses are used to correct vision problems such as nearsightedness, farsightedness, and astigmatism.
RGP:
Rigid Gas Permeable (RGP) lenses are made from a special material that allows the transmission of oxygen to the cornea, but prevents entry of carbon dioxide and other gases. RGP lenses are used in situations where the user requires a high index of refraction, as they have low Abbe’s number. They also provide better peripheral vision than standard gas permeable contact lenses.
Ortho-K Lenses:
Ortho-k lenses are rigid gas-permeable contact lenses made from a polymer compound called Orthokeratology or ortho-k. It is used in the treatment of dry eye disease, keratoconus, and post refractive surgery. The lens reshapes the cornea to improve its surface topography by inducing controlled desquamation of epithelial cells from the corneal endothelium through high temperature therapy (HTT).
Application Insights:
The corrective lenses application segment led the global rigid contact lens market in 2017. This growth can be attributed to the growing prevalence of myopia (near-sightedness), hyperopia (farsightedness) and astigmatism among all age groups across the world. The therapeutic lenses application segment is expected to witness significant growth over the forecast period due to an increase in diabetic retinopathy which requires regular eye care and prescription eyeglasses or contacts for better vision correction.
Cosmetic lenses are also expected to have a significant share owing to a rise in demand for cosmetic surgery, especially among women who use these products as fashion accessories by way of enhancing their eyesight.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing R&D investments by industry players and a rise in awareness about advanced technologies. In addition, high disposable income of consumers and presence of well-established healthcare facilities are also contributing towards market growth in this region.
Asia Pacific Rigid Contact Lenses Market is anticipated to grow at a lucrative rate during the forecast period due to rising geriatric population, improving economic conditions, increase in disposable income levels coupled with growing awareness regarding benefits offered by rigid contact lenses such as improved vision correction and decreased dependency on eyeglasses or surgical procedures for refractive errors treatment. Moreover, an increase in demand for cosmetic lenses has also been observed among Asian consumers which will drive regional growth further.
Growth Factors:
- Increasing demand for corrective vision solutions, especially among the younger population
- Growing awareness about the benefits of rigid contact lenses over traditional eyeglasses
- Technological advancements that have made rigid contact lenses more comfortable and easier to wear
- Rising incidence of eye disorders and vision problems, which is driving demand for corrective lenses
- Growing popularity of contact lens-compatible sports and outdoor activities
Scope Of The Report
Report Attributes
Report Details
Report Title
Rigid Contact Lenses Market Research Report
By Type
RGP, Ortho-K Lenses
By Application
Corrective Lenses, Therapeutic Lenses, Prosthetic Contact Lenses, Cosmetic Lenses, Lifestyle-Oriented Lenses
By Companies
Johnson &Johnson Vision Care, Novartis, CooperVision, Bausch + Lomb, Menicon, Hydron, Weicon, Bescon, NEO Vision, Clearlab
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Rigid Contact Lenses Market Report Segments:
The global Rigid Contact Lenses market is segmented on the basis of:
Types
RGP, Ortho-K 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, Prosthetic Contact Lenses, Cosmetic Lenses, Lifestyle-Oriented 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
- Menicon
- Hydron
- Weicon
- Bescon
- NEO Vision
- Clearlab
Highlights of The Rigid 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:
- RGP
- Ortho-K Lenses
- By Application:
- Corrective Lenses
- Therapeutic Lenses
- Prosthetic Contact Lenses
- Cosmetic Lenses
- Lifestyle-Oriented 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 Rigid 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?
Rigid contact lenses are a type of contact lens that is made from a hard, plastic material. They are designed to be worn for extended periods of time and can provide better vision than other types of contact lenses. Rigid contact lenses are often used by people who have difficulty wearing soft or flexible contacts because they offer more stability and durability.
Some of the major companies in the rigid contact lenses market are Johnson &Johnson Vision Care, Novartis, CooperVision, Bausch + Lomb, Menicon, Hydron, Weicon, Bescon, NEO Vision, Clearlab.
The rigid contact lenses market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Rigid Contact Lenses Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Rigid Contact Lenses Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Rigid Contact Lenses Market - Supply Chain
4.5. Global Rigid Contact Lenses Market Forecast
4.5.1. Rigid Contact Lenses Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Rigid Contact Lenses Market Size (000 Units) and Y-o-Y Growth
4.5.3. Rigid Contact Lenses Market Absolute $ Opportunity
5. Global Rigid Contact Lenses Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Rigid Contact Lenses Market Size and Volume Forecast by Type
5.3.1. RGP
5.3.2. Ortho-K Lenses
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Rigid Contact Lenses Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Rigid Contact Lenses Market Size and Volume Forecast by Application
6.3.1. Corrective Lenses
6.3.2. Therapeutic Lenses
6.3.3. Prosthetic Contact Lenses
6.3.4. Cosmetic Lenses
6.3.5. Lifestyle-Oriented Lenses
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Rigid Contact Lenses Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Rigid Contact Lenses Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Rigid Contact Lenses Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Rigid Contact Lenses Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Rigid Contact Lenses Demand Share Forecast, 2019-2026
9. North America Rigid Contact Lenses Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Rigid Contact Lenses Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Rigid Contact Lenses Market Size and Volume Forecast by Application
9.4.1. Corrective Lenses
9.4.2. Therapeutic Lenses
9.4.3. Prosthetic Contact Lenses
9.4.4. Cosmetic Lenses
9.4.5. Lifestyle-Oriented Lenses
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Rigid Contact Lenses Market Size and Volume Forecast by Type
9.7.1. RGP
9.7.2. Ortho-K Lenses
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Rigid Contact Lenses Demand Share Forecast, 2019-2026
10. Latin America Rigid Contact Lenses Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Rigid Contact Lenses Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Rigid Contact Lenses Market Size and Volume Forecast by Application
10.4.1. Corrective Lenses
10.4.2. Therapeutic Lenses
10.4.3. Prosthetic Contact Lenses
10.4.4. Cosmetic Lenses
10.4.5. Lifestyle-Oriented Lenses
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Rigid Contact Lenses Market Size and Volume Forecast by Type
10.7.1. RGP
10.7.2. Ortho-K Lenses
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Rigid Contact Lenses Demand Share Forecast, 2019-2026
11. Europe Rigid Contact Lenses Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Rigid Contact Lenses Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Rigid Contact Lenses Market Size and Volume Forecast by Application
11.4.1. Corrective Lenses
11.4.2. Therapeutic Lenses
11.4.3. Prosthetic Contact Lenses
11.4.4. Cosmetic Lenses
11.4.5. Lifestyle-Oriented Lenses
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Rigid Contact Lenses Market Size and Volume Forecast by Type
11.7.1. RGP
11.7.2. Ortho-K Lenses
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Rigid Contact Lenses Demand Share, 2019-2026
12. Asia Pacific Rigid Contact Lenses Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Rigid Contact Lenses Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Rigid Contact Lenses Market Size and Volume Forecast by Application
12.4.1. Corrective Lenses
12.4.2. Therapeutic Lenses
12.4.3. Prosthetic Contact Lenses
12.4.4. Cosmetic Lenses
12.4.5. Lifestyle-Oriented Lenses
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Rigid Contact Lenses Market Size and Volume Forecast by Type
12.7.1. RGP
12.7.2. Ortho-K Lenses
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Rigid Contact Lenses Demand Share, 2019-2026
13. Middle East & Africa Rigid Contact Lenses Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Rigid Contact Lenses Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Rigid Contact Lenses Market Size and Volume Forecast by Application
13.4.1. Corrective Lenses
13.4.2. Therapeutic Lenses
13.4.3. Prosthetic Contact Lenses
13.4.4. Cosmetic Lenses
13.4.5. Lifestyle-Oriented Lenses
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Rigid Contact Lenses Market Size and Volume Forecast by Type
13.7.1. RGP
13.7.2. Ortho-K Lenses
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Rigid Contact Lenses Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Rigid Contact Lenses Market: Market Share Analysis
14.2. Rigid Contact Lenses Distributors and Customers
14.3. Rigid Contact Lenses Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Johnson &Johnson Vision Care
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Novartis
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CooperVision
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bausch + Lomb
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Menicon
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hydron
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Weicon
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Bescon
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. NEO Vision
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Clearlab
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
