Worldwide Disposable Contact Lenses Industry to 2027 - Acceptance of Daily Disposable Silicone Hydrogel Contact Lenses is Driving Growth

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.

Market Segments

• 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.

Geographical Analysis

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

• North America
• US
• Canada
• APAC
• Japan
• China
• India
• South Korea
• Australia
• Europe
• Germany
• France
• United Kingdom
• Spain
• Italy
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• Turkey
• South Africa
• Saudi Arabia
• UAE

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

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