Transparency Market Research is Published new Market Report “Contact
Lens Market (Gas Permeable Contact Lens and Soft Contact Lens) -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 -
2019," the global Contact Lenses Market was valued at USD
6.81billion in 2012 and is estimated to reach a market worth USD13.47 billion
in 2019 at a CAGR of 10.3% from 2013 to 2019.
Contact lens refers to a thin, curved lens or small prescription lens
worn over the cornea covering the surface of the eye. These lenses are used for
refractive error correction without affecting ocular health. Also, these lenses
are used for cosmetic and novelty purpose. For instance, a colored contact lens
renders change or enhances the hue of the eye. Also, costume lenses assist in
creating some special effects similar to that of the big screen. Contact lenses
are available in varied forms designed to meet different purposes and needs.
Different shapes of lenses are used to correct different vision problems such
as spherical lenses that are small all-around aid in correcting farsightedness
and nearsightedness. Meanwhile, toric lenses that are heavy at the bottom are
used to correct astigmatism. As per the research study published by Contact
Lens Spectrum, around 125 million people wore contact lens globally and
generated significant sales revenue worldwide.
With the evolution of different types of contact lenses, a large number
of options are now available for the existing as well as new contact lens
users. The soft contact lens provides several advantages over the conventional
rigid gas permeable contact lens. These lenses are easy to adjust and are made
up of soft and flexible plastics that allow oxygen to pass through the cornea.
Soft contact lenses also render high comfort as compared to rigid gas permeable
contact lenses. Owing to these factors, soft contact lenses are estimated to
record highest growth rate during the forecast period. On the other hand rigid
gas permeable lenses are durable, resistant to deposit buildup and are easy to
handle. However, the demand for the same is declining due to increasing
preference for various kinds of soft contact lenses such as daily disposable,
extended wear and weekly replacement contact lenses. Daily disposable and
extended wear soft contact lenses markets represent two of the largest markets
of 2012. Manufacturers are now shifting their focus towards introduction of
high comfort soft contact lenses instead of hard contact lenses. For Instance,
Cooper Vision launched MyDay daily disposable contact lenses that render high
oxygen permeability and help in improving the lens surface wettability.
The usage of various designs differs from the type of vision correction.
Spherical, toric and multifocal contact lenses differ in their shapes and uses.
These lenses are used for refractive error correction (myopia, hyperopia and
astigmatism). As per the data published in International Agency for the
Prevention of Blindness (IAPB), in 2010 it was estimated that around 123
million people suffered from significant vision impairment due to improper
adoption of vision correction solutions. This has led to a rise in global
economic cost due to lost productivity accounting for approximately USD 202
billion. These factors coupled with increasing adoption for cosmetic and
aesthetic purposes are expected to influence the growth of the contact lens
market. However, improper usage of the contact lens can lead to severe eye
infections such as dry eyes and blindness, which are potential side effects of
the contact lenses thatmay hamper the adoption of contact lenses.
Browse
Contact Lens Market Report with Full TOC at http://www.transparencymarketresearch.com/contact-lens-market.html
Contact lenses render wide range of uses major being cosmetic,
therapeutic, prosthetic, corrective lens and others. In addition,
electroretinography lens and soft bandage contact lens are used in specialist
centers and to promote epithelial healing processes respectively. Also, painted
contact lenses, a type of cosmetic contact lens are sold commercially to change
pupil shape or iris color and manufactured to correct refractive errors
concurrently. Cosmetic, therapeutic accounted for the fastest growing segments.
While, corrective contact lenses currently account for the largest market share
owing to high preference and comfort levels. On the contrary high maintenance
costs coupled with increased risk of vision problems due to the deposition of
lipids or proteins and negligence of lens care might restrain the growth of the
market.
At the regional level, North America and Europe were the largest markets
in 2012 accounting for above 70% of the global contact lens market. This growth
was attributed towards increasing patient population suffering fromophthalmic
disorders (myopia, diabetic retinopathy and astigmatism).Asia-Pacific and Rest
of the World (Row) regions are estimated to grow rapidly during the forecast
period, owing to large population base, huge untapped potential, rise in
disposable incomes and increased healthcare awareness. In addition substantial
investments being made by the major market players in these regions will
further boost the growth and uptake of contact lenses in these regions.
Global contact lens market is characterized by the presence of well-established
as well as emerging players. The major companies competing in this market are
Johnson & Johnson (ACUVUE brands), CIBA Vision (CIBA Vision Focus Dailies,
CIBA Vision Freshlook), Essilor International (ContinuVu Concentric Design,
Scone Standard) Cooper Vision (Biofinity Brands, Avira Brands) and others.
The
Global Contact Lensmarket is segmented as follows:
Contact
Lens Market, by Design
o Contact Lens Market, by Characteristics
o Spherical Contact Lens
o Toric Contact Lens
o Gas-Permeable Contact Lens
o Soft Contact Lens
- Daily Disposable
- Weekly Replacement
- Monthly Replacement
- Extended Wear
- Annual Replacement
- Unplanned Replacement Schedule
Contact
Lens Market, by Design
o Spherical Contact Lens
o Toric Contact Lens
o Multifocal Contact Lens
o Orthokeratology Contact Lens
Contact
Lens Market, by Usage
o Corrective Contact Lens
o Therapeutic Contact Lens
o Post-Operative Therapeutic Contact Lens
o Cosmetic Contact Lens
o Enhancement Tints
o Opaque and Special Effect Contact Lens
o Prosthetic Contact Lens
o Computer Lens
o D-Segment Contact Lens
o Sports Lens
o Custom-made Contact Lens
Contact
Lens Market, by Geography
o North America
o Europe
o Asia-Pacific
o Rest of the World (RoW)
Related
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