Contact Lenses: Technologies and Global Markets


January 1, 2012
182 Pages - SKU: WA6823131
License type:
Countries covered: Global

The global contact lens market was valued at $7.2 billion in 2010. This market reached nearly $7.8 billion in 2011 and will grow to $11.6 billion in 2016 at an estimated CAGR of 8.4% from 2011 to 2016.

The corrective contact lens segment was $3.2 billion in 2010 and $3.5 billion in 2011. BCC projects this market to further increase to nearly $5.1 billion by 2016, a CAGR of 8.1%.

The therapeutic lens segment is expected to show a slightly higher compound annual growth rate (CAGR) of 8.4% over the forecast period of 2011 to 2016. This is due to an increase in research to provide therapeutic solutions to various eye-related problems. However, the high price of therapeutic lenses is limiting market growth.


Additional Information

INTRODUCTION

STUDY GOALS AND OBJECTIVES

The key objective of this contact lens market report is to present an exhaustive analysis of the contact lens market with respect to key market dynamics, adoption trends, market forecasts, and competitive scenarios. The report will also provide key decision-making factors such as major mergers and acquisitions, joint ventures, new product launches, and exclusive strategies of top industry participants. The report will aim at providing extensive forecast data for the contact lens market segmented by characteristic, usability, cosmetic, corrective, purpose, age, and others.

REASONS FOR DOING THIS STUDY

The contact lens market has been rising steadily. However, its market penetration in developing economies is still negligible despite price correction efforts. This is leading to significant awareness activities among the target group. The market potential is being further enhanced as the age of contact lens wearers has been continually becoming lower (currently the minimum average age is 15). The market has undergone significant transformations with respect to innovation, price, and target. All these factors have altered the market approach. This makes it immensely important for industry participants to understand the changing dynamics and adoption trends especially in developing economies. This report will contain key dynamics, breaking innovations, and competitive intelligence and will provide a comprehensive outlook of the market

INTENDED AUDIENCE

Key stakeholders of the report include key decision-makers such as CEOs, product and marketing heads, research heads of contact lens manufacturers, and retailers. The report will also be useful to existing companies in the ophthalmology segment and those looking to enter the contact lens market. Universities and consulting firms can derive in-depth market intelligence with respect to the overall contact lens market.

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