Contact Lenses: Technologies and Global Markets

Publisher Name :
Date: 28-Mar-2023
No. of pages: 133

Report Scope:

This research report analyzes the global contact lens products and technologies market by product type and geographic region, focusing on soft and rigid lenses, the most prevalent types of contact lens products and technologies. The report covers both products and technologies affecting specifically the aging demographics.

An in-depth analysis of key companies operating in the global contact lens products and technologies market is also included. The information also focuses on companies involved in developing products and emerging technologies.

The base year for market data is 2021, with historical data provided for 2020 and 2019 and forecast data provided through 2027. Historical, base year and forecast data are provided for each market segment of the report. In terms of geography, the report analyzes the market across North America, Europe, Asia-Pacific, and the Rest of the world (RoW).

Report Includes:

- 22 data tables and 13 additional tables

- An overview of the global market and technologies for contact lenses

- Analyses of global market trends, with data from 2020, 2021, 2022, and projections of CAGRs through 2028

- Coverage of present and future strategies within the contact lens market, which includes soft and rigid gas permeable contact lenses and several other types, which can be separated by design and by their usage

- In-depth analysis of changing dynamics and adoption trends affecting developing economies concerning market penetration in these areas

- Detailed analysis of applications, the regulatory environment, market projections and market shares

- A breakdown of the market and its products by purpose, usability, design, corrective nature, and other characteristics

- Company profiles of major players within the industry, including Alcon, Bausch + Lomb Inc., Hoya Corp., Johnson & Johnson, and Zeiss Group

Summary:

Contact lenses are a perfect solution for managing eye defects such as myopia, hyperopia, presbyopia, and astigmatism without compromising comfort and cosmetic appearance. Lenses are made from specially designed biomaterials with a range of properties optimized for a dynamic ocular environment and are effective, safe and comfortable to wear. Significant advancements have taken place over the past several decades, from the earlier polymethyl methacrylate (PMMA) lenses to gas permeable (GP) lenses and later to soft traditional hydrogel and silicone hydrogel (SiHy) lenses. The market can be divided broadly into soft lenses, rigid permeable lenses, and other lenses, including surgical, digital, and

ocular drug delivery lenses.

The increasing prevalence of eye disorders such as astigmatism and myopia is a crucial growth factor for the contact lens market. An aging population, increased affordability, and technological advancements and innovations are other growth factors for the contact lens market. Contact lenses may be used for cosmetic and therapeutic applications, and the growing attention to personal image and fashion among Asian consumers has increased demand in those regions. Cosmetic contact lens manufacturers target teenagers and the younger generation primarily.

Comfort is a crucial requirement for contact lenses for patients, and discomfort is the primary reason for discontinuing their use. Over the past few years, significant developments have occurred in the field of contact lens comfort, and growth in the market can be attributed to these new products that have increased comfort and performance. Innovations include silicone hydrogel materials, toric lenses for astigmatism management and multifocal lenses for near-blurred vision. The advantages offered by daily disposable lenses have also bolstered sales over the period.

The increasing acceptance of photorefractive keratectomy (PRK) and laser-assisted-in-situ keratomileusis (LASIK) surgeries for vision correction threatens the growth of the contact lens market. The lower durability of soft contact lenses made with flexible polymer-plastic materials is also a challenge to the development of this market. (The frequency of replacing contact lenses is based on replacement schedules suggested by the individual manufacturer.)

A small number of players dominate the contact lens market: Bausch + Lomb (a Valeant Pharmaceuticals company), CooperVision Inc. (a subsidiary of Cooper Companies Inc.), Johnson & Johnson Vision Care Inc. (a subsidiary of Johnson & Johnson), Alcon (a Novartis division), and Abbott Medical Optics Inc. (a subsidiary of Abbott Laboratories). Other contributors to this market include ABB Optical Group, Unilens Vision, Contamac, Excel Optics, Eagle Optics, Essilor International SA, Hoya Corp., Hydrogel Vision Corp., SynergEyes Inc., and others.

Soft contact lenses continue to dominate the marketplace, and silicone hydrogel (SiHy) lenses, in particular, are poised to continue their increasing popularity. The global market for GP lenses is primarily influenced by the increased demand for corneal refractive therapy (CRT) and orthokeratology (ortho-k) lenses. The introduction of scleral lenses also helped the GP contact lens market to grow.

Contact Lenses: Technologies and Global Markets

Table of Contents
Chapter 1 Introduction
1.1 Study Goals and Objectives
1.2 Reasons for Doing This Study
1.3 Scope of Report
1.4 What's New in This Update?
1.5 Information Sources and Methodology
1.5.1 Secondary Research
1.5.2 Primary Research
1.6 Research Methodology
1.7 Geographic Breakdown
1.8 Analyst's Credentials
1.9 BCC Custom Research
1.10 Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market and Technology Background
3.1 Overview
3.2 Benefits of Contact Lenses
3.2.1 Types of Contact Lenses
3.2.2 Soft Contact Lenses
3.2.3 Gas Permeable Contact Lenses (Rigid Gas Permeable or RGP)
3.2.4 Hybrid Contact Lenses
3.2.5 Orthokeratology (Ortho-K)
3.2.6 Scleral
3.2.7 Decorative
3.2.8 Spherical Contact Lenses
3.2.9 Therapeutic Contact Lenses
3.2.10 Specialized or Lifestyle-Oriented Contact Lenses
3.3 Differences Between Soft and Rigid Contact Lenses
3.3.1 Recommendation for Care
3.3.2 Advantage and Disadvantages of Contact Lenses
Chapter 4 Market Breakdown by Product Type
4.1 Characteristics of Contact Lens
4.2 Soft Lenses
4.3 Soft Lenses by Material
4.3.1 Silicone Hydrogel Soft Contact Lenses
4.3.2 Hydrophilic/ Hydrogel Soft Contact Lenses
4.4 Soft Lenses by Replacement Schedule
4.4.1 Rigid Gas Permeable Contact Lenses and Hybrid Lenses
4.4.2 Other Contact Lenses
4.4.3 Design of Contact Lenses
Chapter 5 Market Breakdown by Usage
5.1 Overview
5.2 Market By Purpose of Contact Lenses
5.3 Applications for Corrective Contact Lenses
5.3.1 Therapeutic Use of Corrective Contact Lenses
5.3.2 Cosmetic Contact Lenses
Chapter 6 Emerging Technologies
6.1 Overview
6.2 Introduction
6.3 Developments & Innovations in Contact Lenses
6.3.1 Growth and Aging in Population
6.3.2 Change in Income
6.3.3 Health Conditions
6.3.4 Access to Digital Technology
6.3.5 Emerging Technology
6.3.6 Insurance and Reimbursement
Chapter 7 Evaluation of the Market Based on Geographic Region
7.1 Overview of the Geographical Distribution of the Market
7.1.1 North America
7.1.2 Europe
7.1.3 Asia-Pacific
7.1.4 Rest of the World (ROW)
7.2 Summary of the Market for Contact Lens Types by Region
Chapter 8 Competitive Analysis
8.1 Overview
Chapter 9 Patents
Chapter 10 Company Profiles
ALCON
BAUSCH + LOMB INC.
BIO-TISSUE INC.
COOPERVISION
DUTCH OPHTHALMIC RESEARCH CENTER INTERNATIONAL BV
ELLEX MEDICAL LASERS
ESSILOR LUXOTTICA
EYENUK INC.
GLAUKOS
HEIDELBERG ENGINEERING GMBH
HOYA CORP.
IOPTIMA LTD.
IRIDEX CORP.
JOHNSON & JOHNSON
LENSTEC INC.
LUMENIS
OASIS MEDICAL INC.
QUANTEL MEDICAL
SHANGHAI HAOHAI BIOLOGICAL TECHNOLOGY CO. LTD.
SOFTCARE
STAAR SURGICAL
TOPCON
ZEISS GROUP
Chapter 11 Appendix
11.1 Acronyms
11.2 Sources

List of Tables
Summary Table : Global Market for Contact Lenses, by Type, Through 2027
Table 1 : Differences Between Soft and Rigid Contact Lenses
Table 2 : Suggested Wearing Schedule of New Contact Lenses
Table 3 : Advantage and Disadvantages of Contact Lenses
Table 4 : Global Market for Contact Lenses, by Type, Through 2027
Table 5 : Global Market for Soft Lenses, Through 2027
Table 6 : Global Market for Soft Lenses, by Material, Through 2027
Table 7 : Global Market for Rigid and Hybrid Lenses, Through 2027
Table 8 : Global Market for Other Contact Lenses, Through 2027
Table 9 : Global Market for Contact Lenses, by Design, Through 2027
Table 10 : Global Market for Contact Lenses, by Purpose, Through 2027
Table 11 : Global Market for Contact Lenses, by Application, Through 2027
Table 12 : Global Market for Soft Lenses, by Region, Through 2027
Table 13 : Global Market for Rigid and Hybrid Lenses, by Region, Through 2027
Table 14 : Global Market for Other Lenses, by Region, Through 2027
Table 15 : Examples of Patents and Patent Applications Filed on Contact Lenses and Opthomology
Table 16 : Alcon: Business Segments
Table 17 : Alcon: Financial Performance, 2019-2021
Table 18 : Bausch + Lomb Inc.: Business Segments
Table 19 : Bausch + Lomb: Financial Performance, 2019-2021
Table 20 : CooperVision: Financial Performance, 2019-2021
Table 21 : EssilorLuxottica: Financial Performance, 2019-2021
Table 22 : Glaukos Corp.: Business Segments
Table 23 : Glaukos Corp.: Financial Performance, 2019-2021
Table 24 : Hoya Corp.: Business Segments
Table 25 : Hoya Corp.: Financial Performance, 2019-2021
Table 26 : Johnson & Johnson: Business Segments
Table 27 : Johnson & Johnson: Financial Performance, 2019-2021
Table 28 : Staar Surgical Co.: Financial Performance, 2019-2021
Table 29 : Topcon: Business Segments
Table 30 : Topcon: Financial Performance, 2019-2021
Table 31 : Zeiss Group: Business Segments
Table 32 : Zeiss Group: Financial Performance, 2019-2021
Table 33 : Acronyms Used in This Report
Table 34 : Report Sources

List of Figures
Summary Figure : Global Market for Contact Lenses, by Type, 2019-2027
Figure 1 : Evolution of Contact Lenses
Figure 2 : Global Market for Soft Lenses, by Region, 2019-2027
Figure 3 : Global Market Share of Soft Lenses, by Material, 2021
Figure 4 : Global Market for Silicon Hydrogel Lenses, 2019-2027
Figure 5 : Global Market for Hydrophilic/Hydrogel Lenses, 2019-2027
Figure 6 : Global Market for Rigid and Hybrid Lenses, by Region, 2019-2027
Figure 7 : Global Market for Other Contact Lenses, by Region, 2019-2027
Figure 8 : Global Market Share of Contact Lenses, by Design, 2027
Figure 9 : Global Market Share of Contact Lenses, by Purpose, 2027
Figure 10 : Snapshot of Contact Lenses Technologies, by Region
Figure 11 : Global Market for Contact Lenses, by Region, 2019-2027
Figure 12 : Global Market for Soft Lenses, by Region, 2019-2027
Figure 13 : Global Market for Rigid and Hybrid Lenses, by Region, 2019-2027
Figure 14 : Global Market for Other Lenses, by Region, 2019-2027
Figure 15 : Alcon: Annual Revenue, 2019-2021
Figure 16 : Alcon: Revenue Share, by Business Segment, 2021
Figure 17 : Alcon: Revenue Share, by Region, 2021
Figure 18 : Bausch + Lomb: Annual Revenue, 2019-2021
Figure 19 : Bausch + Lomb: Revenue Share, by Business Segment, 2021
Figure 20 : Bausch + Lomb: Revenue Share, by Region, 2021
Figure 21 : CooperVision: Annual Revenue, 2019-2021
Figure 22 : CooperVision: Revenue Share, by Business Segment, 2021
Figure 23 : CooperVision: Revenue Share, by Region, 2021
Figure 24 : EssilorLuxottica: Annual Revenue, 2019-2021
Figure 25 : EssilorLuxottica: Revenue Share, by Business Segment, 2021
Figure 26 : EssilorLuxottica: Revenue Share, by Region, 2021
Figure 27 : Glaukos Corp.: Annual Revenue, 2019-2021
Figure 28 : Glaukos Corp.: Revenue Share, by Business Segment, 2021
Figure 29 : Glaukos Corp.: Revenue Share, by Region, 2021
Figure 30 : Hoya Corp.: Annual Revenue, 2019-2021
Figure 31 : Hoya Corp.: Revenue Share, by Business Segment, 2021
Figure 32 : Hoya Corp.: Revenue Share, by Region, 2021
Figure 33 : Johnson & Johnson: Annual Revenue, 2019-2021
Figure 34 : Johnson & Johnson: Revenue Share, by Business Segment, 2021
Figure 35 : Johnson & Johnson: Revenue Share, by Region, 2021
Figure 36 : Staar Surgical Co.: Annual Revenue, 2019-2021
Figure 37 : Staar Surgical Co.: Revenue Share, by Business Segment, 2021
Figure 38 : Staar Surgical Co.: Revenue Share, by Region, 2021
Figure 39 : Topcon: Annual Revenue, 2019-2021
Figure 40 : Topcon: Revenue Share, by Business Segment, 2021
Figure 41 : Topcon: Revenue Share, by Region, 2021
Figure 42 : Zeiss Group: Annual Revenue, 2019-2021
Figure 43 : Zeiss Group: Revenue Share, by Business Segment, 2021
Figure 44 : Zeiss Group: Revenue Share, by Region, 2021
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