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Eye Lens Market - Global Industry Analysis

Eye Lens Market by Lens type (Single Vision Lens, Bifocal & Trifocal Lens, Plastic lens, Soft contact lens, Rigid Gas Permeable (RGP) Contact Lens, and Disposable Contact Lens) By Application (Therapeutic, Lifestyle, Corrective, Cosmetic,): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 11-Jun-2021 Category: Medical Device Report Format : PDF Pages: 120 Report Code: ZMR-585 Status : Published

The global Eye Lens market accounted for USD 1015.2 Million in 2020 and is expected to reach USD 1,416.2 Million by 2028, growing at a CAGR of around 4.1 % between 2021 and 2028.

Description

Market Overview                   

The global Eye Lens market accounted for USD 1015.2 Million in 2020 and is expected to reach USD 1,416.2 Million by 2028, growing at a CAGR of around 4.1 % between 2021 and 2028.            

Eye lens is preferably used to correct refractive errors and compensate for visual deficiencies, such as myopia hypermetropia/hyperopia, presbyopia, and astigmatism. A lens helps focus light into your eye retina, the layer of light-sensitive tissue in the back of your eye. People are switching from wearing glasses to contact due to changing lifestyle and the increasing demand for innovative lenses.

The entrance of new players in the eye lens market is also set to propel the market growth. For example, in April 2016, Samsung filed a patent on smart contact lenses that can show pictures straight into the eyes of the users. Using these lenses, consumers will be allowed to experience AR, with computer-created pictures. As per the patent, the lens is fitted with a camera, miniscule display, and antenna.

COVID-19 Impact Analysis:

The restrictions imposed by various nations to contain COVID had stopped the demand and supply resulting in a disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and theirs a surge in demand. The market would remain bullish in upcoming year.  The significant decrease in the global Eye Lens market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.  

Growth Factors

Major factors which are driving the growth of this market government initiative, rising awareness, and enhancement of health care facilities. The global eye lens market is boosted by increasing eye issues due to elevated employment of mobiles, computers, and other electronics goods including digital gadgets. On the other hand, issues such as intense perilimbal infection, photophobia, and corneal allergy owing to incessant employment of eye lens are accountable for hindering the development of eye lens market.

Nonetheless, untapped techniques for curing ophthalmic disorders are expected to unlock new avenues for the eye lens market.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview  

On the basis of application, eye lens market has been divided as lifestyle, therapeutic, cosmetic, and corrective. With over 40% share, corrective lens segment is dominating the eye lens market. The therapeutic division is the 2nd biggest division in eye lens market and it is likely to create new avenues for the eye lens market during the forecast period.

Key Market Players & Competitive Landscape

The major players operating Eye Lens market are Valeant Pharmaceuticals, Novartis International AG, The Cooper Companies, Inc., Menicon Group, Carl Zeiss AG, STAAR Surgical, SynergEyes Inc., Johnson and Johnson, Charenton-le-Pont, Essilor International S.A., and Abbott Medical Optics, Inc. among others.

 The global Eye Lens Market is segmented as follows:

By Lens type

  • Single Vision Lens
  • Bifocal & Trifocal Lens
  • Plastic lens
  • Soft contact lens
  • Rigid Gas Permeable (RGP) Contact Lenses
  • Disposable Contact Lenses

By Applications   

  • Therapeutic
  • Lifestyle
  • Corrective
  • Cosmetic

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Lens type
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Eye Lens Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Eye Lens Market – Lens type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Lens type, 2020 & 2028
    • 4.2. Single Vision Lens
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Bifocal & Trifocal Lens
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Plastic lens
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Soft contact lens
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Rigid Gas Permeable (RGP) Contact Lenses
      • 4.6.1. Market Size and Forecast, By Region (USD Million)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. Disposable Contact Lenses
      • 4.7.1. Market Size and Forecast, By Region (USD Million)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Eye Lens Market – Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Therapeutic
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Lifestyle
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Corrective
      • 5.4.1. Market Size and Forecast, By Region (USD Million)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Cosmetic
      • 5.5.1. Market Size and Forecast, By Region (USD Million)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.2.2. North America Market Revenue, By Lens type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Lens type, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Lens type, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Lens type, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.3.2. Europe Market Revenue, By Lens type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Lens type, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Lens type, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Lens type, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Lens type, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Lens type, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Lens type, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.4.2. Asia Pacific Market Revenue, By Lens type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Lens type, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Lens type, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Lens type, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Lens type, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Lens type, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Lens type, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.5.2. Latin America Market Revenue, By Lens type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Lens type, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Lens type, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Lens type, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Lens type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Lens type, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Lens type, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Lens type, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7: Eye Lens Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Lens type Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Eye Lens Market: Company Market Share, 2019
      • 8.1.2. Global Eye Lens Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 8.1.3. Global Eye Lens Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Eye Lens Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Valeant Pharmaceuticals
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Novartis International AG
    • 9.3. The Cooper Companies, Inc
    • 9.4. Menicon Group
    • 9.5. Carl Zeiss AG
    • 9.6. STAAR Surgical
    • 9.7. SynergEyes Inc
    • 9.8. Johnson and Johnson
    • 9.9. Charenton-le-Pont
    • 9.10. Essilor International S.A
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Lens type
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Eye Lens Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Lens type, 2020 & 2028 
FIG NO. 7. Global Eye Lens Market for Single Vision Lens, Revenue (USD Million) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Eye Lens Market for Single Vision Lens, By Country, 2020 & 2028
FIG NO. 9. Global Eye Lens Market for Bifocal & Trifocal Lens, Revenue (USD Million) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Eye Lens Market for Bifocal & Trifocal Lens, By Country, 2020 & 2028
FIG NO. 11. Global Eye Lens Market for Plastic lens, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Eye Lens Market for Plastic lens, By Country, 2020 & 2028
FIG NO. 13. Global Eye Lens Market for Soft contact lens, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Eye Lens Market for Soft contact lens, By Country, 2020 & 2028
FIG NO. 15. Global Eye Lens Market for Rigid Gas Permeable (RGP) Contact Lenses, Revenue (USD Million) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Eye Lens Market for Rigid Gas Permeable (RGP) Contact Lenses, By Country, 2020 & 2028
FIG NO. 17. Global Eye Lens Market for Disposable Contact Lenses, Revenue (USD Million) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Eye Lens Market for Disposable Contact Lenses, By Country, 2020 & 2028
FIG NO. 19. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 20. Global Eye Lens Market for Therapeutic, Revenue (USD Million) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Eye Lens Market for Therapeutic, By Country, 2020 & 2028 
FIG NO. 22. Global Eye Lens Market for Lifestyle, Revenue (USD Million) 2016 – 2028
FIG NO. 23. Comparative Revenue Analysis of Eye Lens Market for Lifestyle, By Country, 2020 & 2028
FIG NO. 24. Global Eye Lens Market for Corrective, Revenue (USD Million) 2016 – 2028 
FIG NO. 25. Comparative Revenue Analysis of Eye Lens Market for Corrective, By Country, 2020 & 2028
FIG NO. 26. Global Eye Lens Market for Cosmetic, Revenue (USD Million) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Eye Lens Market for Cosmetic, By Country, 2020 & 2028
FIG NO. 28. Global Eye Lens Market Revenue Share, By Region, 2020 & 2028
FIG NO. 29. North America Eye Lens Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 30. Porter’s Five Forces Analysis for Global Eye Lens Market
FIG NO. 31. PEST Analysis for Global Eye Lens Market
FIG NO. 32. Pricing Analysis for Global Eye Lens Market
FIG NO. 33. Value Chain Analysis for Global Eye Lens Market
FIG NO. 34. Company Share Analysis, 2019
FIG NO. 35. Radar Determinant Chart, 2019
FIG NO. 36. Company Strategic Developments – Heat Map Analysis
FIG NO. 37. Valeant Pharmaceuticals Business Segment Revenue Share, 2020 (%)
FIG NO. 38. Valeant Pharmaceuticals Geographical Segment Revenue Share, 2020 (%)
FIG NO. 39. Market Channels 
FIG NO. 40. Marketing Channel Development Trend
FIG NO. 41. Growth in World Gross Product, 2008-2018
FIG NO. 42. Research Methodology – Detailed View
FIG NO. 43. Research Methodology


List of Tables 

TABLE NO. 1. Global Eye Lens Market: Snapshot
TABLE NO. 2. Quarterly Eye Lens Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Eye Lens Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million) 
TABLE NO. 6. Global Eye Lens Market for Single Vision Lens, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Eye Lens Market for Bifocal & Trifocal Lens, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Eye Lens Market for Plastic lens, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Eye Lens Market for Soft contact lens, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Eye Lens Market for Rigid Gas Permeable (RGP) Contact Lenses, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Eye Lens Market for Disposable Contact Lenses, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12: Global Eye Lens Market for Therapeutic, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13: Global Eye Lens Market for Lifestyle, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Eye Lens Market for Corrective, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Eye Lens Market for Cosmetic, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Eye Lens Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 17: North America Eye Lens Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 18. North America Eye Lens Market Revenue, By Lens type, 2016 – 2028 (USD Million)
TABLE NO. 19: North America Eye Lens Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 20. U.S. Eye Lens Market Revenue, By Lens type, 2016 – 2028 (USD Million)
TABLE NO. 21. U.S. Eye Lens Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 22. Canada Eye Lens Market Revenue, By Lens type, 2016 – 2028 (USD Million)
TABLE NO. 23. Canada Eye Lens Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 24. Mexico Eye Lens Market Revenue, By Lens type, 2016 – 2028 (USD Million)
TABLE NO. 25. Mexico Eye Lens Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 26. Drivers for the Eye Lens Market: Impact Analysis
TABLE NO. 27. Restraints for the Eye Lens Market: Impact Analysis
TABLE NO. 28. Major Buyers of Eye Lens 
TABLE NO. 29. Distributors/Traders List of Eye Lens
TABLE NO. 30. Global Eye Lens Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 31: Global Eye Lens Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)   
 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Eye lens market. Zion Research has collected and analyzed key data belong to the global Eye lens market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Eye lens across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Eye lens industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Eye lens market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Ophthalmology is a branch of medicine which deals with study and treatment of eye diseases and disorders. Globally, around 285 million people are reported to be visually impaired and approximately more than 35 million people are blind. Prevalence of ophthalmic disorders is increasing very rapidly with the rising number of geriatric and children population. Contact lens plays very important role in correcting most vision problems like myopia, hyperopia, astigmatism and presbyopia.

The eye lens market is accelerated by increasing awareness of eye examination and rising cases of ophthalmic disorders in children and geriatric population. Furthermore, eye lens market is propelled by emerging technologies of soft contact lenses and increasing government initiatives in preventive eye care. However, factors such as eye infections, photophobia, intense perilimbal infection and corneal allergy problems due to continuous use of eye lens are responsible for restraining the growth of eye lens market. Nonetheless, untapped market in developing countries and increasing the prevalence of ophthalmic disorders may generate new opportunities in eye lens market in the forecast period.

Global-eye-lens-market

The eye lens market has been bifurcated based on lens type and region. Lens type segment has been further classified into single vision lens, bifocal & trifocal lens, plastic lens, soft contact lens, rigid gas permeable contact lens, and disposable contact lens. In 2015, the soft contact lens was dominated the eye lens market and the dominance of soft contact lens is due to more than 80% lens wearer prefer soft contact lens. Rigid gas permeable contacts lenses are useful in the treatment of astigmatism to provide sharpen vision.  On the basis of application, eye lens market has been segmented into therapeutic, lifestyle, corrective and cosmetic. Corrective lens market segment was leading segment in 2015 and it is generating major revenue with more than 30% market share. Corrective lens market is widely used to treat myopia, hyperopia, and presbyopia. The demand for cosmetic eye lens is increasing due to rising aesthetic trend.

The eye lens market has been segmented on the basis of the region as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America dominated the market with more than 30% market share due to increasing use of eye lens in children and geriatric population. Asia pacific is projected to be the fastest-growing market for eye lens and it is expected to grow very rapidly in forecast period due to increasing initiatives by the government in healthcare infrastructure.

Competition in the eye lens market is intense and to stay competitive, companies are adopting strategies like online marketing and selling. Key operating players in eye lens market are Novartis International AG, Valeant Pharmaceuticals, Menicon Group, The Cooper Companies, Inc., STAAR Surgical, Carl Zeiss AG, Johnson and Johnson, SynergEyes Inc., Abbott Medical Optics, Inc., Essilor International S.A., Charenton-le-Pont, and Abbott Medical Optics, Inc.

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FrequentlyAsked Questions

The global Eye Lens Market was valued at USD  1,015.2 Million in 2020.

The global Eye Lens Market is expected to reach USD  1,416.2 Million by 2028, growing at a CAGR of 4.1% between 2021 to 2028.

Some of the key factors driving the global Eye Lens Market growth are government initiative, rising awareness, and enhancement of health care facilities.

North America ruled the eye lens market with over 29.5% share and has a sturdy attendance in the market. With elevating incidence of ophthalmic cases, Asia Pacific is likely to witness high development in eye lens market in the forecast period.

Some of the major players of global Eye Lens market includes Valeant Pharmaceuticals, Novartis International AG, The Cooper Companies, Inc., Menicon Group, Carl Zeiss AG, STAAR Surgical, SynergEyes Inc., Johnson and Johnson, Charenton-le-Pont, Essilor International S.A., and Abbott Medical Optics, Inc. among others.

 

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