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Global Corrective Contact Lenses Market 2017-2021

Global Corrective Contact Lenses Market 2017-2021

About Corrective Contact Lenses

Contact lenses are thin lenses placed directly on the surface of the eye to correct vision or for therapeutic purposes. They are also worn for cosmetic reasons, particularly to change eye color. Contact lenses can be rigid, soft, or hybrid in nature, depending on the composition of the materials used. Contact lenses are a replacement for corrective glasses due to their better esthetic and cosmetic appeal.

Technavio’s analysts forecast the global corrective contact lenses market to grow at a CAGR of 7.22% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global corrective contact lenses market for 2017-2021. To calculate the market size, the report considers sales and replacement demand.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Corrective Contact Lenses Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Cooper
  • Johnson & Johnson
  • Novartis
  • Valeant Pharmaceuticals
Other prominent vendors
  • Carl Zeiss
  • Contamac
  • Essilor International
  • HOYA
  • Menicon
  • Shanghai Hydron Contact Lens Optics (Ginko International)
  • SynergEyes
  • UltraVision CLPL
Market driver
  • Increasing awareness through social media marketing
  • For a full, detailed list, view our report
Market challenge
  • Rise of alternatives and substitutes
  • For a full, detailed list, view our report
Market trend
  • Technological product innovations
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Corrective Contact Lenses Market 2017-2021

Technavio recognizes the following companies as the key players in the global corrective contact lenses market: Cooper, Johnson & Johnson, Novartis, and Valeant Pharmaceuticals.

Other Prominent Vendors in the market are: Carl Zeiss, Contamac, Essilor International, HOYA, Menicon, Shanghai Hydron Contact Lens Optics (Ginko International), SynergEyes, and UltraVision CLPL.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological product innovations. The technology that goes into producing contact lenses has evolved over time and seen constant innovation over the past decade. Lenses were first produced with the molding process, followed by the lathe process.”

According to the report, one driver in the market is increasing awareness through social media marketing. The vendors in the market are focusing on targeting a larger market to maximize the sales. Various associations and distributors are creating awareness through the online channel among end-users. Marketing via social media is helping manufacturers reach out to a larger consumer pool and attract new consumers. An increase in the number of social media users worldwide is encouraging vendors to invest in social media marketing in order to increase sales and maximize profits.

Further, the report states that one challenge in the market is rise of alternatives and substitutes. The various drawbacks and limitations of contact lenses have led to users to seek better alternatives or substitutes to correct their vision. LASIK is a corrective eye surgery, where a flap of the corneal surface is raised, and a laser is used to remove a thin layer of the underlying tissue. This permanently corrects refractive errors and improves the person’s visual acuity. Another popular type of refractive surgery to correct myopia, hypermetropia, and astigmatism is photorefractive keratectomy (PRK).



Companies Mentioned

Cooper, Johnson & Johnson, Novartis, Valeant Pharmaceuticals, Carl Zeiss, Contamac, Essilor International, HOYA, Menicon, Shanghai Hydron Contact Lens Optics (Ginko International), SynergEyes, and UltraVision CLPL.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Timeline of contact lenses
      • Table Do's and Don'ts of using contact lenses
      • Table Tips for keeping eyes healthy
      • Table Snapshot: Global corrective contact lenses market
  • Market landscape
    • Market overview
      • Table Types of lenses
      • Table Impact of various factors on global corrective contact lenses market
    • Market size and forecast
      • Table Global corrective contact lenses market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Geographical segmentation
    • Market overview
      • Table Global corrective contact lenses market by geography 2016-2021 (% share)
      • Table Snapshot: Global corrective contact lenses market 2016-2021
    • Corrective contact lenses market in Americas
      • Table Corrective contact lenses market in Americas 2016-2021 ($ millions)
    • Corrective contact lenses market in EMEA
      • Table Corrective contact lenses market in EMEA 2016-2021 ($ millions)
    • Corrective contact lenses market in APAC
      • Table Corrective contact lenses market in APAC 2016-2021 ($ millions)
  • Market segmentation by product
    • Market overview
      • Table Global corrective contact lenses market by product type 2016 -2021 (% share)
      • Table Snapshot: Global corrective contact lenses market by product type
    • Global corrective soft contact lenses market
      • Table Global corrective soft contact lenses market 2016-2021 ($ millions)
    • Global corrective RGP contact lenses market
      • Table Global corrective RGP contact lenses market 2016-2021 ($ millions)
    • Global corrective hybrid contact lenses market
      • Table Global corrective hybrid contact lenses market 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Technological product innovations
    • Rising preference for contact lenses over spectacles
    • Growing popularity of silicone hydrogel contact lenses
  • Vendor landscape
    • Competitive scenario
      • Table Competitive parameters in global corrective contact lenses market
    • Industry association
      • Table Strategic success factor of companies
    • Investment opportunity analysis
      • Table Investment opportunity mapping
  • Key vendor analysis
    • Cooper
    • Johnson & Johnson
    • Novartis
    • Valeant Pharmaceuticals
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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