The Contact Lens Manufacturing industry is continuing to grow over the five years to 2017 as a result of increased demand for soft contact lenses and rising sales of specialty corrective lenses with higher price tags. Manufacturers in this industry design and produce corrective, cosmetic and therapeutic contact lenses and market them primarily to medical professionals and retailers. Downstream markets for this industry vary from opticians to online retailers. Contact lenses are often considered a cosmetic alternative to eyeglasses rather than a necessity, therefore linking demand to consumers' level of disposable income in addition to the number of people with health insurance that includes vision coverage. In the next five years, industry revenue is anticipated to continue growing given the widespread market acceptance of contact lenses and rising demand for products that enhance the comfort and durability of lenses. As disposable income increases, more consumers will be able to afford premium products such as corrective lenses for astigmatism, hydrogel lenses and daily disposable lenses.
This industry manufactures corrective, cosmetic or therapeutic lenses that are usually placed on the cornea of the eye. The care and maintenance products for these lenses are also included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.