Market Overview:
The global toric 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 using toric contact lenses, and technological advancements in the field of ophthalmology. The global toric contact lenses market can be segmented on the basis of type into rigid toric contact lenses and soft toric contact lenses. The soft toric contact lens segment is expected to grow at a higher CAGR than the rigid lens segment during the forecast period owing to its high demand from patients with astigmatism. On the basis of application, this market can be divided into children, adults, and elderly people. Among these segments, adults are expected to account for a larger share of this market in terms of revenue due to their greater susceptibility towards eye disorders such as astigmatism and myopia.
Product Definition:
A toric lens is a type of contact lens that is specifically designed to correct astigmatism. Astigmatism occurs when the cornea is not perfectly round, which causes distorted vision. A toric lens will help to correct this distortion by shaping the lens so that it fits more closely to the curvature of the cornea. Toric lenses are important for people with astigmatism, as they are the only way to effectively correct this type of vision impairment.
Rigid Toric Contact Lenses:
Toric contact lenses are a type of rigid gas-permeable lens that is used to treat patients with astigmatism, nearsightedness or farsightedness and presbyopia. Toric lenses are designed to correct all these conditions by shifting the focus on the retina.
Soft Toric Contact Lenses:
Soft Toric Contact Lenses (SLC) are a type of lens used in the treatment of patients with higher than average myopia. The soft toric contact lens is designed to correct vision for people who are near-sighted or far-sighted. These lenses have a lower rate of dry eye compared to rigid lenses and can be easily changed, which makes them popular among patients.
Application Insights:
The adults segment held the largest share of more than 60.0% in 2017. The rising number of geriatric population is expected to be one of the major drivers for this segment over the forecast period. According to a study published by World Health Organization (WHO) in 2016, it was found that around 1/3rd of global geriatric population lives in China and Japan, which are expected to boost demand for toric contact lenses among aging people across the world.
The children application segment is projected register a significant CAGR during the forecast period owing to increasing incidences of amblyopia and myopia among children globally due largely to early exposure towards visual activities such as reading or playing games with use of spectacles or goggles that results in improper vision correction procedures followed by an eye doctor which may lead towards higher adoption rate compared with other lens types used worldwide during 2018-2030 time frame.
Regional Analysis:
North America dominated the global market in 2017. The rising prevalence of chronic diseases, such as diabetic retinopathy and glaucoma, is one of the major factors driving the regional market. According to data published by National Eye Institute (NIH), ophthalmic blindness caused by avoidable causes was estimated at USD X billion in 2011 and is expected to reach USD X billion by 2020 among adults aged 40 and more in the U.S.
Growth Factors:
- Increasing demand for toric contact lenses from people with astigmatism.
- Growing awareness about the benefits of toric contact lenses over glasses and other vision correction methods among people with astigmatism.
- Rising disposable income of people in developed countries, which is resulting in increased spending on luxury items such as toric contact lenses.
- Technological advancements in the manufacturing of toric contact lenses that are making them more comfortable to wear and easier to use than ever before.
Scope Of The Report
Report Attributes
Report Details
Report Title
Toric Contact Lenses Market Research Report
By Type
Rigid Toric Contact Lenses, Soft Toric Contact Lenses
By Application
Children, Adults, The Elderly
By Companies
Johnson &Johnson Vision Care, Novartis, CooperVision, Bausch + Lomb, St.Shine Optical, Menicon, Hydron, Weicon, Bescon, NEO Vision
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Toric Contact Lenses Market Report Segments:
The global Toric Contact Lenses market is segmented on the basis of:
Types
Rigid Toric Contact Lenses, Soft Toric 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
Children, Adults, The Elderly
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
- Hydron
- Weicon
- Bescon
- NEO Vision
Highlights of The Toric 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:
- Rigid Toric Contact Lenses
- Soft Toric Contact Lenses
- By Application:
- Children
- Adults
- The Elderly
- 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 Toric 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?
Toric contact lenses are a type of contact lens that have a toric shape. This means that the lens has a curved surface. Toric contact lenses are designed to correct nearsightedness, farsightedness, and astigmatism.
Some of the key players operating in the toric contact lenses market are Johnson &Johnson Vision Care, Novartis, CooperVision, Bausch + Lomb, St.Shine Optical, Menicon, Hydron, Weicon, Bescon, NEO Vision.
The toric contact lenses market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Toric 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. Toric 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. Toric Contact Lenses Market - Supply Chain
4.5. Global Toric Contact Lenses Market Forecast
4.5.1. Toric Contact Lenses Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Toric Contact Lenses Market Size (000 Units) and Y-o-Y Growth
4.5.3. Toric Contact Lenses Market Absolute $ Opportunity
5. Global Toric 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. Toric Contact Lenses Market Size and Volume Forecast by Type
5.3.1. Rigid Toric Contact Lenses
5.3.2. Soft Toric Contact Lenses
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Toric 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. Toric Contact Lenses Market Size and Volume Forecast by Application
6.3.1. Children
6.3.2. Adults
6.3.3. The Elderly
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Toric 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. Toric 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 Toric 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. Toric 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 Toric Contact Lenses Demand Share Forecast, 2019-2026
9. North America Toric 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 Toric 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 Toric Contact Lenses Market Size and Volume Forecast by Application
9.4.1. Children
9.4.2. Adults
9.4.3. The Elderly
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Toric Contact Lenses Market Size and Volume Forecast by Type
9.7.1. Rigid Toric Contact Lenses
9.7.2. Soft Toric Contact 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 Toric Contact Lenses Demand Share Forecast, 2019-2026
10. Latin America Toric 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 Toric 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 Toric Contact Lenses Market Size and Volume Forecast by Application
10.4.1. Children
10.4.2. Adults
10.4.3. The Elderly
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Toric Contact Lenses Market Size and Volume Forecast by Type
10.7.1. Rigid Toric Contact Lenses
10.7.2. Soft Toric Contact 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 Toric Contact Lenses Demand Share Forecast, 2019-2026
11. Europe Toric 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 Toric 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 Toric Contact Lenses Market Size and Volume Forecast by Application
11.4.1. Children
11.4.2. Adults
11.4.3. The Elderly
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Toric Contact Lenses Market Size and Volume Forecast by Type
11.7.1. Rigid Toric Contact Lenses
11.7.2. Soft Toric Contact 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 Toric Contact Lenses Demand Share, 2019-2026
12. Asia Pacific Toric 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 Toric 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 Toric Contact Lenses Market Size and Volume Forecast by Application
12.4.1. Children
12.4.2. Adults
12.4.3. The Elderly
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Toric Contact Lenses Market Size and Volume Forecast by Type
12.7.1. Rigid Toric Contact Lenses
12.7.2. Soft Toric Contact 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 Toric Contact Lenses Demand Share, 2019-2026
13. Middle East & Africa Toric 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 Toric 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 Toric Contact Lenses Market Size and Volume Forecast by Application
13.4.1. Children
13.4.2. Adults
13.4.3. The Elderly
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Toric Contact Lenses Market Size and Volume Forecast by Type
13.7.1. Rigid Toric Contact Lenses
13.7.2. Soft Toric Contact 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 Toric Contact Lenses Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Toric Contact Lenses Market: Market Share Analysis
14.2. Toric Contact Lenses Distributors and Customers
14.3. Toric 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. St.Shine Optical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Menicon
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hydron
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Weicon
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Bescon
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. NEO Vision
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
