Market Overview:
The global soft contact lens 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 soft contact lenses, and technological advancements in the field of ophthalmology. Based on type, the global soft contact lens market is segmented into daily soft contact lenses, weekly replacement lens, and monthly replacement lens. The daily soft contact lenses segment is expected to account for a major share of the global market in 2018 owing to their high demand among consumers due to their convenience and ease-of-use. By application, cosmetic applications are expected to dominate the global market in 2018 followed by therapeutic and corrective applications respectively.
Product Definition:
A soft contact lens is a type of contact lens that is made of a soft, flexible plastic. Soft contact lenses are often used to correct vision problems, such as nearsightedness and farsightedness.
Daily Soft Contact Lens:
The daily soft contact lens market is expected to grow at a significant rate owing to the increasing demand for multifunctional and advanced lenses. The growing prevalence of eye-related disorders such as myopia, hyperopia, astigmatism, presbyopia is also anticipated to drive the growth of this market. Additionally, rising awareness regarding vision correction and its associated benefits are some factors that are expected to propel market growth over the forecast period.
Weekly Replacement Lens:
A weekly replacement lens is a soft contact lens that is designed to be worn for a week at a time. It consists of seven daily-wear lenses in one set, which are easily changed and provide better comfort than daily wear lenses. The concept of weekly replacement lenses was first introduced by Bausch & Lomb in the late 1960s with their Pilkington glass Weekender line, made from Pilkington Optiks material.
Application Insights:
The cosmetic application segment held the largest share of more than 60.0% in 2017. The rising demand for aesthetic contact lenses, especially among the geriatric population is expected to remain a prominent trend over the forecast period. In addition, increasing consumer preference for daily wear soft contact lenses is projected to fuel industry growth over the next eight years.
Therapeutic applications are anticipated to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to an increase in diabetic retinopathy and glaucoma cases globally which forces people into adopting daily wear soft contacts lens as therapy option instead of undergoing surgery or taking medicines continuously for years together which has led into increased market penetration across all regions including North America, Europe and Asia Pacific respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing disposable income, rising awareness about cosmetic products, and growing demand for soft contact lenses from countries such as China, Japan, South Korea, India among others. In addition to this factors are contributing towards growth of industry by providing easy availability of replacement lenses at a relatively low cost in emerging economies including Taiwan Province Of China (TPOC), Hong Kong Special Administrative Region (SAR) Of China; Macau SAR; And Singapore.
North America is also anticipated to witness significant growth over the forecast period owing to presence of developed healthcare infrastructure coupled with high adoption rate for technologically advanced medical treatments & devices such as monthly replacement soft contact lens in U.S.
Growth Factors:
- Increasing demand for soft contact lenses due to their comfort and aesthetic appeal.
- Rising awareness about the benefits of using soft contact lenses over traditional eyeglasses or spectacles.
- Growing population of young adults, who are more inclined towards using soft contact lenses than any other type of vision correction devices.
- Proliferation of online retail channels that offer a wide variety of soft contact lens brands and products at competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Soft Contact Lens Market Research Report
By Type
Daily Soft Contact Lens, Weekly Replacement Lens, Monthly Replacement Lens
By Application
Cosmetic, Therapeutic, Corrective
By Companies
Novartis, CooperVision, Bausch + Lomb, St.Shine Optical, Menicon, Hydron, Weicon, Bescon, NEO Vision, Clearlab, Oculus, Camax, Seed, Hoya Corp, OVCTEK
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Soft Contact Lens Market Report Segments:
The global Soft Contact Lens market is segmented on the basis of:
Types
Daily Soft Contact Lens, Weekly Replacement Lens, Monthly Replacement Lens
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
Cosmetic, Therapeutic, Corrective
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:
- Novartis
- CooperVision
- Bausch + Lomb
- St.Shine Optical
- Menicon
- Hydron
- Weicon
- Bescon
- NEO Vision
- Clearlab
- Oculus
- Camax
- Seed
- Hoya Corp
- OVCTEK
Highlights of The Soft Contact Lens 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 Soft Contact Lens
- Weekly Replacement Lens
- Monthly Replacement Lens
- By Application:
- Cosmetic
- Therapeutic
- Corrective
- 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 Contact Lens 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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- 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?
A soft contact lens is a type of contact lens that is made from a softer material than standard contact lenses. This makes them more comfortable to wear and less likely to cause irritation or other problems.
Some of the key players operating in the soft contact lens market are Novartis, CooperVision, Bausch + Lomb, St.Shine Optical, Menicon, Hydron, Weicon, Bescon, NEO Vision, Clearlab, Oculus, Camax, Seed, Hoya Corp, OVCTEK.
The soft contact lens market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Soft Contact Lens 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. Soft Contact Lens Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Soft Contact Lens Market - Supply Chain
4.5. Global Soft Contact Lens Market Forecast
4.5.1. Soft Contact Lens Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Soft Contact Lens Market Size (000 Units) and Y-o-Y Growth
4.5.3. Soft Contact Lens Market Absolute $ Opportunity
5. Global Soft Contact Lens 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. Soft Contact Lens Market Size and Volume Forecast by Type
5.3.1. Daily Soft Contact Lens
5.3.2. Weekly Replacement Lens
5.3.3. Monthly Replacement Lens
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Soft Contact Lens 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. Soft Contact Lens Market Size and Volume Forecast by Application
6.3.1. Cosmetic
6.3.2. Therapeutic
6.3.3. Corrective
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Soft Contact Lens 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. Soft Contact Lens 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 Soft Contact Lens 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. Soft Contact Lens 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 Soft Contact Lens Demand Share Forecast, 2019-2026
9. North America Soft Contact Lens 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 Soft Contact Lens 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 Soft Contact Lens Market Size and Volume Forecast by Application
9.4.1. Cosmetic
9.4.2. Therapeutic
9.4.3. Corrective
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Soft Contact Lens Market Size and Volume Forecast by Type
9.7.1. Daily Soft Contact Lens
9.7.2. Weekly Replacement Lens
9.7.3. Monthly Replacement Lens
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 Soft Contact Lens Demand Share Forecast, 2019-2026
10. Latin America Soft Contact Lens 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 Soft Contact Lens 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 Soft Contact Lens Market Size and Volume Forecast by Application
10.4.1. Cosmetic
10.4.2. Therapeutic
10.4.3. Corrective
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Soft Contact Lens Market Size and Volume Forecast by Type
10.7.1. Daily Soft Contact Lens
10.7.2. Weekly Replacement Lens
10.7.3. Monthly Replacement Lens
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 Soft Contact Lens Demand Share Forecast, 2019-2026
11. Europe Soft Contact Lens 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 Soft Contact Lens 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 Soft Contact Lens Market Size and Volume Forecast by Application
11.4.1. Cosmetic
11.4.2. Therapeutic
11.4.3. Corrective
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Soft Contact Lens Market Size and Volume Forecast by Type
11.7.1. Daily Soft Contact Lens
11.7.2. Weekly Replacement Lens
11.7.3. Monthly Replacement Lens
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 Soft Contact Lens Demand Share, 2019-2026
12. Asia Pacific Soft Contact Lens 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 Soft Contact Lens 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 Soft Contact Lens Market Size and Volume Forecast by Application
12.4.1. Cosmetic
12.4.2. Therapeutic
12.4.3. Corrective
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Soft Contact Lens Market Size and Volume Forecast by Type
12.7.1. Daily Soft Contact Lens
12.7.2. Weekly Replacement Lens
12.7.3. Monthly Replacement Lens
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 Soft Contact Lens Demand Share, 2019-2026
13. Middle East & Africa Soft Contact Lens 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 Soft Contact Lens 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 Soft Contact Lens Market Size and Volume Forecast by Application
13.4.1. Cosmetic
13.4.2. Therapeutic
13.4.3. Corrective
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Soft Contact Lens Market Size and Volume Forecast by Type
13.7.1. Daily Soft Contact Lens
13.7.2. Weekly Replacement Lens
13.7.3. Monthly Replacement Lens
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 Soft Contact Lens Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Soft Contact Lens Market: Market Share Analysis
14.2. Soft Contact Lens Distributors and Customers
14.3. Soft Contact Lens Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Novartis
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CooperVision
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bausch + Lomb
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. St.Shine Optical
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. Oculus
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Camax
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Seed
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hoya Corp
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. OVCTEK
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