DUBLIN , May 3, 2022 /PRNewswire/ -- The "Disposable Contact Lenses Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
This study considers a detailed scenario of the present disposable contact lenses market and its market dynamics for the period 2022-2027. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market. The disposable contact lenses market is expected to grow at a CAGR of 9.27% during the forecast period Key Highlights
The paradigm shift towards premium-priced and cosmetic contact lenses is driving the industry. The lifestyle change increased the income of the people, primarily impacted the usage of regular disposable contact lenses.
The rise in e-commerce as a preferred distribution channel also drives the daily disposable contact lens market. Online shopping gives consumers control over when and where they can shop. According to e-commerce statistics on omnichannel marketing, it is found that 43% of online shoppers bought in bed, 23% in the office, and 20% while in a car.
New product approvals and launches also drive the daily wear contact lenses market. Increasing disposable contact lenses' acceptance and penetration rate gives the industry and vendors new opportunities. Also, cosmetic lenses with new technology and colors give new trends in the market. From 2015 to 2020, most unique products came into the industry and drove vendors' growth.
High Acceptance of Daily Disposable Silicone Hydrogel Contact Lenses is also driving industry growth. Mostly silicon hydrogel-based daily disposable is used for eye care due to their effectiveness, easy handling procedure, and properties. Thus it is highly preferred by ophthalmologists, thus positively impacting the industry growth.
Spherical disposable contact lenses dominated the segment as it is mostly used in the market, however the multifocal contact lenses is expected to grow at a faster CAGR of 12.35%.
Retail optical stores accounted for the major share in the market, however the online stores have the highest CAGR of 12.33% in the market. Increased usage of cell phones, better discounts in the online platforms has increased the purchase of disposable contact lenses through the online platform.
Silicone hydrogel material dominated the market and is expected to grow at a faster rate in the market. Due to its increased benefits to the end-users and more preference by the eyecare practitioners in the market.
Daily disposable contact lenses dominated the market by usage. Due to its increased benefits like infection free, zero maintenance, the preference of daily disposables is increasing.
North America dominated the market by geography; however, APAC is growing at a faster rate with CAGR of 9.84%. Due to increased adoption of daily disposable contact lenses among the developed countries. Segmentation by Geography
Key Topics Covered: 1 Research Methodology 2 Research Objectives 3 Research Process 4 Scope & Coverage 4.1 Market Definition 4.1.1 Inclusions 4.1.2 Exclusions 4.1.3 Market Estimation Caveats 4.2 Base Year 4.3 Scope of the Study 4.3.1 Market Segmentation by Usage 4.3.2 Market Segmentation by Material 4.3.3 Market Segmentation by Application 4.3.4 Market Segmentation by Distribution Channels 4.3.5 Market Segmentation by Design 4.3.6 Market Segmentation by Geography 5 Report Assumptions & Caveats 5.1 Key Caveats 5.2 Currency Conversion 5.3 Market Derivation 6 Market at a Glance 7 Introduction 7.1 Overview 8 Market Opportunities & Trends 8.1 Shift to Premium & Cosmetic Contact Lenses 8.2 Rise of E-Commerce as Preferred Distribution Channel 8.3 New Product Approvals and Launches 9 Market Growth Enablers 9.1 Target Population With Aged Patient Demography 9.2 Acceptance of Daily Disposable Silicone Hydrogel Contact Lenses 9.3 Product Innovation & Technological Developments 10 Market Restraints 10.1 Complications Associated With Disposable Contact Lenses 10.2 High Cost of Disposable Contact Lenses 10.3 Low Acceptance of Vision Care in Low- & Middle-Income Countries 11 Market Landscape 11.1 Market Overview 11.2 Market Size & Forecast 11.2.1 Insights by Geography 11.2.2 Insights by Usage 11.2.3 Insights by Material 11.2.4 Insights by Application 11.2.5 Insights by Distribution 11.2.6 Market by Design 11.3 Five Forces Analysis 11.3.1 Threat of New Entrants 11.3.2 Bargaining Power of Suppliers 11.3.3 Bargaining Power of Buyers 11.3.4 Threat of Substitutes 11.3.5 Competitive Rivalry 12 Usage 12.1 Market Snapshot & Growth Engine 12.2 Market Overview 12.3 Daily Disposable/ Dailies 12.3.1 Market Overview 12.3.2 Market Size & Forecast 12.3.3 Market by Geography 12.4 Frequent Replacement 12.4.1 Market Overview 12.4.2 Market Size & Forecast 12.4.3 Market by Geography 13 Material 13.1 Market Snapshot & Growth Engine 13.2 Market Overview 13.3 Silicone Hydrogel 13.3.1 Market Overview 13.3.2 Market Size & Forecast 13.3.3 Market by Geography 13.4 Hydrogel 13.4.1 Market Overview 13.4.2 Market Size & Forecast 13.4.3 Market by Geography 14 Application 14.1 Market Snapshot & Growth Engine 14.2 Market Overview 14.3 Corrective Lenses 14.3.1 Market Overview 14.3.2 Market Size & Forecast 14.3.3 Market by Geography 14.4 Therapeutic Lenses 14.4.1 Market Overview 14.4.2 Market Size & Forecast 14.4.3 Market by Geography 14.5 Cosmetic Lenses 14.5.1 Market Overview 14.5.2 Market Size & Forecast 14.5.3 Market by Geography 15 Distribution 15.1 Market Snapshot & Growth Engine 15.2 Market Overview 15.3 Retail Optical Stores 15.3.1 Market Overview 15.3.2 Market Size & Forecast 15.3.3 Market by Geography 15.4 Hospitals & Ophthalmology Clinics 15.4.1 Market Overview 15.4.2 Market Size & Forecast 15.4.3 Market by Geography 15.5 Online Stores 15.5.1 Market Overview 15.5.2 Market Size & Forecast 15.5.3 Market by Geography 16 Design 16.1 Market Snapshot & Growth Engine 16.2 Market Overview 16.3 Spherical 16.3.1 Market Overview 16.3.2 Market Size & Forecast 16.3.3 Market by Geography 16.4 Toric 16.4.1 Market Overview 16.4.2 Market Size & Forecast 16.4.3 Market by Geography 16.5 Multifocal 16.5.1 Market Overview 16.5.2 Market Size & Forecast 16.5.3 Market by Geography 17 Geography 17.1 Market Snapshot & Growth Engine 17.2 Geographic Overview 18 North America 19 APAC 20 Europe 21 Latin America 22 Middle East & Africa
23 Competitive Landscape 23.1 Competition Overview 23.2 Market Share Analysis 23.2.1 Alcon 23.2.2 Bausch+Lomb 23.2.3 Johnson & Johnson 23.2.4 the Cooper Companies 24 Key Company Profiles 24.1 Johnson & Johnson 24.1.1 Business Overview 24.1.2 Product Offerings 24.1.3 Key Strategies 24.1.4 Key Strengths 24.1.5 Key Opportunities 24.2 the Cooper Companies 24.2.1 Business Overview 24.2.2 Product Offerings 24.2.3 Key Strategies 24.2.4 Key Strengths 24.2.5 Key Opportunities 24.3 Alcon 24.3.1 Business Overview 24.3.2 Product Offerings 24.3.3 Key Strategies 24.3.4 Key Strengths 24.3.5 Key Opportunities 24.4 Bausch+Lomb 24.4.1 Business Overview 24.4.2 Key Strategies 24.4.3 Key Strengths 24.4.4 Key Opportunities 25 Other Prominent Vendors 25.1 Aqualens 25.1.1 Business Overview 25.1.2 Product Offerings 25.2 Benq Materials 25.2.1 Business Overview 25.2.2 Product Offerings 25.3 Bescon 25.3.1 Business Overview 25.3.2 Product Offerings 25.4 Clearlab 25.4.1 Business Overview 25.4.2 Product Offerings 25.5 Camax Optical 25.5.1 Business Overview 25.5.2 Product Offerings 25.6 Clerio Vision 25.6.1 Business Overview 25.6.2 Product Offering 25.7 Ginko International 25.7.1 Business Overview : 25.7.2 Product Offerings 25.8 Hoya 25.8.1 Business Overview 25.8.2 Product Offering 25.9 Interojo 25.9.1 Business Overview 25.9.2 Product Offerings 25.10 Maxvue Vision 25.10.1 Business Overview 25.10.2 Product Offerings 25.11 Menicon 25.11.1 Business Overview 25.11.2 Product Offerings 25.12 Neo Vision 25.12.1 Business Overview 25.12.2 Product Offerings 25.13 Oculus 25.13.1 Business Overview 25.13.2 Product Offerings 25.14 Seed 25.14.1 Business Overview 25.14.2 Product Offerings 25.15 Sensimed 25.15.1 Business Overview 25.15.2 Product Offerings 25.16 St.Shine Optical 25.16.1 Business Overview 25.16.2 Product Offerings 25.17 Ultravision Clpl 25.17.1 Business Overview 25.17.2 Product Offerings 25.18 Visioneering Technologies 25.18.1 Business Overview 25.18.2 Product Offerings 25.19 Zeiss International 25.19.1 Business Overview 25.19.2 Product Offerings 26 Report Summary 26.1 Key Takeaways 26.2 Strategic Recommendations 27 Quantitative Summary 28 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/slob0q
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