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市場調査レポート
商品コード
1540974
コンタクトレンズ市場レポート:素材、デザイン、用途、流通チャネル、地域別、2024年~2032年Contact Lenses Market Report by Material, Design, Usage, Application, Distribution Channel, and Region 2024-2032 |
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カスタマイズ可能
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コンタクトレンズ市場レポート:素材、デザイン、用途、流通チャネル、地域別、2024年~2032年 |
出版日: 2024年08月10日
発行: IMARC
ページ情報: 英文 150 Pages
納期: 2~3営業日
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世界のコンタクトレンズ市場規模は2023年に85億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけての成長率(CAGR)は5.2%を示し、2032年には137億米ドルに達すると予測しています。同市場は、視力矯正ニーズの増加、急速な技術進歩、高齢化人口の拡大、新興国市場における中間層の台頭、美容用コンタクトレンズの採用増加などを背景に、緩やかな成長を遂げています。
市場の成長と規模:視力矯正に対する意識の高まりと、眼鏡に代わるより便利なものを求める声に牽引され、市場は緩やかな成長を遂げています。
技術の進歩:シリコーンハイドロゲルレンズ、1日使い捨てレンズ、スマートコンタクトレンズなどの技術革新により、技術の進歩がこの業界の主要な推進力となっています。これらの技術革新により、消費者の快適性、安全性、使いやすさが向上しています。
業界の用途:コンタクトレンズは、視力矯正のほか、オルソケラトロジーやドラッグデリバリーなどの治療目的にも広く使用されています。さらに、目の色を変える化粧品産業にも応用されています。
地域別動向:市場は地域差があり、北米と欧州が最大市場です。しかし、アジア太平洋地域は可処分所得の増加と高齢化により大きな伸びを示しています。
競合情勢:市場競争は激しく、ジョンソン・エンド・ジョンソン、アルコン、ボシュロムなどの大手企業が優位を占めています。中小企業は競争力を高めるため、ニッチ市場や革新的技術に注力することが多いです。
課題と機会:課題としては、特に安全基準に関する規制のハードル、価格競争などが挙げられます。ビジネスチャンスは、製品ポートフォリオの拡大、新興市場の開拓、高齢化社会への対応などにあります。
将来の展望コンタクトレンズ市場の将来は、人口動態の高齢化とデジタル機器の使用の増加に牽引され、有望と思われます。素材と技術の継続的な革新が業界を形成し、成長と多様化の機会を提供すると予想されます。
視力矯正ニーズの増加
近視、遠視、乱視などの視力問題は、世界中で数百万人に影響を及ぼしています。これらの視力問題の発生率は、スクリーン使用時間の増加や遺伝などの要因により増加し続けており、コンタクトレンズのような視力矯正方法の需要も増加傾向にあります。コンタクトレンズは、眼鏡を必要とせず、よりクリアな視力を求める人に便利で非侵襲的なソリューションを提供します。このような視力矯正ニーズの高まりは、世界のコンタクトレンズ市場の主要な促進要因となっています。さらに、高齢者人口の増加に伴い、老眼のような加齢に関連する視力問題の有病率も増加しています。老眼に対応するように設計されたコンタクトレンズが人気を集め、この層のニーズに応えています。全体として、視力障害の発生率の上昇と視覚的快適性の向上への要望が、コンタクトレンズ市場の成長に大きく寄与しています。
技術の進歩はコンタクトレンズの進化において極めて重要な役割を果たしています。例えば、シリコーンハイドロゲル素材の開発により、より通気性が良く、快適で、長時間装用しても安全なレンズが開発されました。さらに、1日使い捨てレンズのイントロダクションより、レンズケアのルーチンが簡素化され、感染症のリスクが減少しました。センサーとマイクロエレクトロニクスを搭載したスマートコンタクトレンズも、技術的なブレークスルーのひとつです。これらのレンズは、糖尿病患者のグルコースレベルや緑内障患者の眼圧といった健康指標をモニターする可能性を秘めており、医療用と消費者用の両方に新たな道を開いています。このような技術革新は、ハイテクに精通した消費者を魅了し、視力矯正以外のコンタクトレンズの有用性を拡大することで、市場の成長を促進します。コンタクトレンズ市場の見通しは明るく、技術革新とヘルスケアにおける用途の拡大が後押ししています。
高齢化人口の拡大
世界の高齢化動向は、コンタクトレンズ市場を牽引する重要な人口動向です。高齢化に伴い、目は老眼や白内障などの視力問題にかかりやすくなります。多焦点レンズやトーリックレンズなど、こうした加齢に伴う視力問題に対処するために設計されたコンタクトレンズが注目を集めています。さらに、高齢者は美容的な理由や眼鏡よりも快適なコンタクトレンズを好むことが多いです。活動的なライフスタイルと若々しい外見を維持したいという願望が、高齢者のコンタクトレンズ採用を後押ししています。特に北米や欧州などの地域では、高齢化層がコンタクトレンズメーカーや視力矯正を専門とする開業医の実質的な市場促進要因となっています。コンタクトレンズ市場の値は、高度な視力矯正ソリューションを求める高齢化人口に後押しされて増加しています。
新興諸国における中間層の台頭
発展途上国、特にアジア太平洋とラテンアメリカでは、可処分所得が増加した新興中産階級の台頭が見られます。この社会経済的変化は、個人の外見や利便性への関心の高まりなど、ライフスタイルの嗜好の変化を伴っています。コンタクトレンズは、よりファッショナブルで邪魔にならないと考えられているため、眼鏡に代わる魅力的な選択肢を提供しています。現代的で活動的なライフスタイルを受け入れたいという願望と、コンタクトレンズが洗練の象徴であるという認識が、これらの新興市場における需要を牽引しています。
美容用コンタクトレンズの採用増加
コスメティックまたはカラーコンタクトレンズは、近年絶大な人気を得ています。これらのレンズは、装用者が目の色を変えることを可能にし、全体的な外観を向上させる。視力に問題のある人や、自分の見た目を試してみたい人、特定の審美的な目標を達成したい人に人気があります。有名人やインフルエンサーがソーシャルメディア上でカラーコンタクトレンズを推奨していることも、広く受け入れられる一因となっています。さらに、これらのレンズはエンターテイメント業界で演劇やコスチューム目的で使用されており、需要をさらに促進しています。幅広い色とデザインが利用可能であり、快適性と通気性の進歩も加わって、コスメティック・コンタクトレンズは人気のファッションアクセサリーとなった。この動向は、特に外見の多様性を求める若い消費者の間で、引き続き市場成長を促進すると予想されます。
The global contact lenses market size reached US$ 8.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032. The market is experiencing moderate growth driven by the increasing vision correction needs, rapid technological advancements, expanding aging population, emerging middle-class in developing countries, and rising adoption of cosmetic contact lenses.
Market Growth and Size: The market is witnessing moderate growth, driven by the increasing awareness about vision correction and the desire for a more convenient alternative to glasses.
Technological Advancements: Technological advancements have been a key driver in this industry, with innovations such as silicone hydrogel lenses, daily disposables, and smart contact lenses. These innovations have improved comfort, safety, and ease of use for consumers.
Industry Applications: Contact lenses are widely used for vision correction and also for therapeutic purposes such as, orthokeratology and drug delivery. Additionally, they have found applications in the cosmetic industry for changing eye colors.
Geographical Trends: The market exhibits regional variations, with North America and Europe being the largest markets. However, Asia-Pacific is showing significant growth due to rising disposable incomes and an aging population.
Competitive Landscape: The market is highly competitive, with major players such as, Johnson & Johnson, Alcon, and Bausch + Lomb dominating. Smaller players often focus on niche markets or innovative technologies to gain a competitive edge.
Challenges and Opportunities: Challenges include regulatory hurdles, especially regarding safety standards, and price competition. Opportunities lie in expanding product portfolios, targeting emerging markets, and addressing the growing aging population.
Future Outlook: The future of the contact lenses market looks promising, driven by aging demographics and the increasing use of digital devices. Continued innovation in materials and technology is expected to shape the industry, offering opportunities for growth and diversification.
Increasing Vision Correction Needs
Vision problems, such as myopia (nearsightedness), hyperopia (farsightedness), and astigmatism, affect millions of individuals worldwide. As the incidence of these vision issues continues to rise due to factors such as, increased screen time and genetics, the demand for vision correction methods such as, contact lenses is also on the rise. Contact lenses offer a convenient and non-invasive solution for individuals seeking clearer vision without the need for eyeglasses. This increasing need for vision correction is a primary driver of the global contact lenses market. Furthermore, with the growing elderly population, the prevalence of age-related vision problems, such as presbyopia, is also increasing. Contact lenses designed to address presbyopia have gained popularity, catering to the needs of this demographic. Overall, the rising incidence of vision disorders and the desire for improved visual comfort contribute significantly to the contact lenses market growth.
Technological advancements have played a pivotal role in the evolution of contact lenses. The development of silicone hydrogel materials, for instance, has led to lenses that are more breathable, comfortable, and safer for extended wear. Moreover, the introduction of daily disposable lenses has simplified lens care routines and reduced the risk of infections. Smart contact lenses, equipped with sensors and microelectronics, are another technological breakthrough. These lenses have the potential to monitor health metrics, such as glucose levels in diabetics or intraocular pressure in glaucoma patients, opening up new avenues for both medical and consumer applications. Such innovations drive market growth by attracting tech-savvy consumers and expanding the utility of contact lenses beyond vision correction. The contact lenses market outlook is positive, fueled by technological innovations and expanding applications in healthcare.
Expanding Aging Population
The global aging population is a significant demographic trend driving the contact lenses market. As people age, their eyes are more susceptible to vision issues such as presbyopia and cataracts. Contact lenses designed to address these age-related vision problems, including multifocal and toric lenses, have gained prominence. Additionally, older individuals often prefer contact lenses for cosmetic reasons and enhanced comfort compared to eyeglasses. The desire to maintain an active lifestyle and a youthful appearance fuels the adoption of contact lenses among the elderly population. The aging demographic, particularly in regions such as, North America and Europe, serves as a substantial market driver for contact lens manufacturers and practitioners specializing in vision correction. The contact lenses market value is increasing, propelled by aging demographics demanding advanced vision correction solutions.
Emerging Middle-Class in Developing Countries
Developing countries, especially in Asia-Pacific and Latin America, are witnessing the rise of an emerging middle-class population with increased disposable income. This socio-economic shift is accompanied by changing lifestyle preferences, including a growing interest in personal appearance and convenience. Contact lenses offer an attractive alternative to eyeglasses, as they are considered more fashionable and less obtrusive. The desire to embrace a modern, active lifestyle and the perception of contact lenses as a symbol of sophistication drive the demand in these emerging markets.
Rising Adoption of Cosmetic Contact Lenses
Cosmetic or colored contact lenses have gained immense popularity in recent years. These lenses allow wearers to change the color of their eyes, enhancing their overall appearance. They are due after by individuals with vision issues and by those looking to experiment with their looks or achieve specific aesthetic goals. Celebrities and influencers endorsing colored contact lenses on social media platforms have contributed to their widespread acceptance. Additionally, these lenses are used in the entertainment industry for theatrical and costume purposes, further fueling demand. The availability of a wide range of colors and designs, along with advancements in comfort and breathability, has made cosmetic contact lenses a sought-after fashion accessory. This trend is expected to continue driving market growth, especially among younger consumers seeking versatility in their appearance.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on material, design, usage, application, and distribution channel.
Gas Permeable
Silicone Hydrogel
Hybrid
Others
Silicone hydrogel accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the material. This includes gas permeable, silicone hydrogel, hybrid, and others. According to the report, silicone hydrogel represented the largest segment.
Silicone hydrogel contact lenses are a dominant force in the contact lens market, known for their exceptional breathability and comfort. These lenses are made from a flexible material that incorporates silicone, allowing for increased oxygen permeability while maintaining softness. One of the primary advantages of silicone hydrogel lenses is their ability to maintain eye health by delivering more oxygen to the cornea, reducing the risk of complications such as, dry eye syndrome and corneal hypoxia. This increased breathability has made them the preferred choice for extended and overnight wear. Silicone hydrogel lenses are highly versatile and available in various types, including daily disposables, monthly disposables, and toric lenses for astigmatism correction. Their adaptability and comfort have made them a popular choice for a wide range of vision correction needs, from myopia and hyperopia to presbyopia.
Gas permeable contact lenses, often referred to as RGP (Rigid Gas Permeable) lenses, are a durable and long-lasting option in the contact lens market. They are made from rigid, breathable materials that allow oxygen to pass through to the cornea, promoting eye health and comfort. RGP lenses offer excellent optical clarity and are known for providing sharp vision correction, making them suitable for individuals with more complex vision needs such as astigmatism or presbyopia. They maintain their shape on the eye, which can be advantageous for maintaining consistent vision throughout the day. These lenses are also highly durable and resistant to protein deposits and debris, making them relatively low-maintenance. However, they may require a longer adaptation period compared to soft lenses due to their rigidity.
Hybrid contact lenses combine the advantages of both rigid gas permeable (RGP) and soft contact lenses. They consist of a rigid center and a soft peripheral skirt, offering the crisp vision of RGP lenses with the comfort of soft lenses. The rigid center corrects vision precisely, making hybrid lenses suitable for individuals with astigmatism, irregular corneas, or challenging prescriptions. The soft skirt provides comfort and stability by conforming to the shape of the eye. Hybrid lenses are often recommended for patients who find traditional RGPs uncomfortable or experience discomfort with soft lenses due to irregular corneas or specific eye conditions. They can offer the best of both worlds, providing clear vision and comfort.
Spherical
Toric
Multifocal
Others
Spherical accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the design. This includes spherical, toric, multifocal, and others. According to the report, spherical represented the largest segment.
Spherical contact lenses are the most common and widely prescribed type of contact lens. They are primarily designed to correct common refractive errors such as myopia (nearsightedness) and hyperopia (farsightedness). These lenses have a uniform curvature across their entire surface, allowing them to focus light evenly on the retina, thereby correcting the vision. Spherical contact lenses offer excellent clarity and comfort for individuals with straightforward vision issues. They are available in various materials, including traditional hydrogel and advanced silicone hydrogel, catering to different wearers' preferences and needs. These lenses are ideal for those who need vision correction but do not have astigmatism or presbyopia.
Toric contact lenses are specifically designed to correct astigmatism, a common refractive error characterized by irregular corneal curvature. Unlike spherical lenses, toric lenses have different curvatures in different meridians to counteract the astigmatism and provide clear vision. These lenses are a crucial option for individuals with astigmatism, as they help address the distortion and blurriness caused by irregularly shaped corneas. Toric contact lenses are available in various designs, including soft toric lenses for mild to moderate astigmatism and rigid gas permeable (RGP) toric lenses for more severe cases.
Multifocal contact lenses are designed to address presbyopia, a natural age-related vision condition that affects the ability to focus on close-up objects. These lenses incorporate multiple prescriptions into a single lens, allowing wearers to see clearly at different distances, such as reading, intermediate, and distance vision. Multifocal contact lenses are a game-changer for individuals over 40 who require both vision correction for distance and reading. They eliminate the need for bifocals or reading glasses, providing a seamless transition between near and far vision. The multifocal contact lens segment has witnessed significant growth as the aging population seeks convenient and aesthetically pleasing solutions for presbyopia. Manufacturers continue to refine multifocal lens designs, enhancing comfort and vision performance for this demographic.
Daily Disposable
Disposable
Frequently Replacement
Traditional
Daily disposable accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the usage. This includes daily disposable, disposable, frequently replacement, and traditional. According to the report, daily disposable represented the largest segment.
Daily disposable contact lenses have gained significant popularity in recent years. These lenses are designed to be worn for a single day and then discarded, eliminating the need for cleaning and storage. This segment is driven by convenience and hygiene, as users can start each day with a fresh pair, reducing the risk of infections and discomfort associated with long-term use. The demand for daily disposables is rising due to the fast-paced lifestyles of consumers who seek hassle-free vision correction. Additionally, they are preferred by individuals with allergies or dry eye conditions as they minimize the chances of debris buildup or protein deposits on the lens surface.
Disposable contact lenses are designed to be replaced on a regular schedule, typically every two weeks or monthly. These lenses offer a balance between convenience and cost-effectiveness, as users need to clean and store them but not as frequently as traditional lenses. This segment appeals to individuals who prefer to change their lenses regularly while still benefiting from the convenience of not having to clean their lenses daily. Disposable lenses are available in various types, including spherical, toric, and multifocal, catering to a broad range of vision needs. Advances in lens materials, such as silicone hydrogels, have improved the oxygen permeability and comfort of disposable lenses. Additionally, manufacturers offer options with UV protection, enhancing eye health.
Frequent replacement contact lenses are designed to be replaced on a regular basis, typically every one to three months. These lenses require periodic cleaning and disinfection, offering an intermediate option between daily disposables and traditional lenses. This segment is favored by users who value the convenience of less frequent replacements but also want to maintain a consistent lens hygiene routine. Frequent replacement lenses are available for various prescriptions, including toric and multifocal designs, accommodating a diverse range of vision needs. Advances in lens materials and surface treatments have made frequent replacement lenses more comfortable and resistant to protein deposits, ensuring prolonged wear without discomfort. Users appreciate the reduced maintenance compared to traditional lenses while still enjoying the benefits of regular replacement.
Traditional contact lenses, also known as extended wear or planned replacement lenses, are designed to be replaced less frequently, often every six months or annually. These lenses require regular cleaning and storage in a lens case. This segment caters to users who are accustomed to traditional lens care routines and prefer the cost savings associated with less frequent replacements. Traditional lenses are available for various prescriptions, including toric and multifocal designs. While traditional lenses have a dedicated user base, they have faced competition from more convenient options such as, daily disposables and frequent replacement lenses. However, advancements in materials have improved the comfort and oxygen permeability of traditional lenses, making them a viable choice for those who prefer extended wear.
Corrective
Therapeutic
Cosmetic
Prosthetic
Lifestyle-oriented
Corrective accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the application. This includes corrective, therapeutic, cosmetic, prosthetic, and lifestyle-oriented. According to the report, corrective represented the largest segment.
Corrective lenses constitute the largest and most traditional segment in the contact lenses market. These lenses are designed primarily to address common vision issues such as myopia (nearsightedness), hyperopia (farsightedness), and astigmatism. They offer wearers a clear and comfortable alternative to eyeglasses, allowing for improved vision without the need for surgical interventions such as, LASIK. Corrective lenses are available in various types, including spherical, toric (for astigmatism), and multifocal (for presbyopia). Technological advancements, such as silicone hydrogel materials and daily disposable options, have enhanced the comfort and convenience of these lenses. As a result, they enjoy widespread adoption across all age groups.
Therapeutic contact lenses serve a crucial medical role beyond vision correction. They are used to manage and treat various eye conditions and disorders. Conditions such as, keratoconus, corneal injuries, and post-surgery recovery often require specialized therapeutic lenses. These lenses are designed to provide therapeutic benefits such as improved comfort, enhanced healing, and protection for damaged or sensitive corneas. They can be custom-fitted to individual patients, ensuring precise treatment and comfort. Additionally, therapeutic lenses are used for orthokeratology (Ortho-K), a non-surgical method to temporarily correct myopia by reshaping the cornea overnight. This treatment is particularly popular among children and teenagers as it can slow down the progression of myopia.
Cosmetic or colored contact lenses have gained immense popularity for their ability to change the appearance of the eyes of the wearer. These lenses come in a wide range of colors and designs, allowing individuals to experiment with different eye colors and styles. Celebrities, influencers, and actors often use cosmetic lenses for photo shoots, performances, and red-carpet events. Social media platforms have further amplified the trend, with users showcasing their unique looks and transformations. Cosmetic lenses are not designed for vision correction but are purely aesthetic. They are available as both prescription and non-prescription options. Comfort and safety are paramount in this segment, with advancements ensuring wearers can enjoy their desired eye color without compromising on eye health.
Prosthetic contact lenses serve a specialized purpose in restoring the appearance of damaged or disfigured eyes. They are primarily used for medical and cosmetic reasons to cover eye abnormalities, including scars, irregularities, or congenital eye conditions. These lenses are custom-made to match the color and shape of the healthy eye, providing a natural appearance. Prosthetic lenses offer psychological and aesthetic benefits, helping individuals regain self-confidence and a sense of normalcy. Additionally, prosthetic lenses are used in medical procedures to protect and promote healing of injured or damaged eyes. They serve as a valuable tool for ophthalmologists and optometrists in the rehabilitation of patients with eye trauma or congenital eye defects.
Lifestyle-oriented contact lenses cater to individuals seeking convenience and enhancement in their daily lives. These lenses include daily disposables, extended wear lenses, and specialty lenses for specific activities such as, sports and outdoor adventures. Daily disposable lenses are favored for their hassle-free maintenance, as users discard them at the end of the day. Extended wear lenses, on the other hand, provide the flexibility of wearing lenses continuously for an extended period, often up to a week or even a month. Specialty lifestyle lenses are designed to enhance performance in specific conditions. For instance, sports enthusiasts can opt for lenses that provide superior peripheral vision and stability during physical activities.
E-Commerce
Eye Care Practitioners
Retail Stores
Retail stores accounts for the majority of the market share
The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes e-commerce, eye care practitioners, and retail stores. According to the report, retail stores represented the largest segment.
Retail stores, including optical shops and pharmacies, have traditionally been a popular channel for purchasing contact lenses. These physical outlets offer a tangible shopping experience, allowing consumers to physically inspect products and receive immediate assistance from trained staff. Retail stores often stock a range of contact lens brands and types, catering to the immediate needs of consumers. This channel is particularly convenient for individuals who prefer in-person shopping and those who need a quick replacement for lost or damaged lenses. Additionally, some consumers may discover contact lenses for the first time through retail stores, as these outlets provide opportunities for in-store trials and consultations with knowledgeable staff.
E-commerce has witnessed significant growth in the distribution of contact lenses over the past decade. This channel allows consumers to conveniently purchase contact lenses online, often with a wide selection of brands and types. Several factors contribute to the prominence of e-commerce in the contact lenses market. The ease of access and the ability to compare prices and products from the comfort of the home of an individual have attracted consumers to online platforms. Additionally, e-commerce offers competitive pricing, subscription models for regular contact lens users, and the convenience of doorstep delivery. Moreover, the COVID-19 pandemic accelerated the shift toward e-commerce as in-person shopping was limited. Many consumers who initially relied on eye care practitioners or retail stores turned to online platforms for their contact lens needs, and this trend is likely to persist.
Eye care practitioners, including optometrists and ophthalmologists, have historically been a traditional and trusted channel for obtaining contact lenses. These professionals play a crucial role in prescribing and fitting contact lenses, ensuring proper vision correction and eye health. Patients often consult eye care practitioners for comprehensive eye examinations, during which their suitability for contact lenses is assessed. Eye care practitioners provide valuable guidance on lens selection, care, and maintenance, ensuring that patients receive the most suitable lenses for their needs. Furthermore, eye care practitioners offer the advantage of ongoing care, monitoring, and adjustments for contact lens wearers. This personalized service is particularly important for those with specialized vision requirements like toric or multifocal lenses.
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
North America leads the market, accounting for the largest contact lenses market share
The contact lenses market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and Others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and Others); Latin America (Brazil, Mexico, and Others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
North America stands as one of the largest and most mature markets for contact lenses. The region comprises the United States and Canada, with a well-established healthcare infrastructure and a high level of awareness about vision correction options. The prevalence of vision issues such as, myopia and presbyopia, driven partly by increased screen time, continues to fuel contact lenses market demand. In addition to medical needs, cosmetic contact lenses are popular among consumers seeking to change or enhance their eye colors.
Europe represents another significant segment in the global contact lenses market. Countries within the European Union, such as the United Kingdom, Germany, and France, have a well-developed healthcare system and a large aging population, which drives the demand for presbyopia-correcting lenses. Cosmetic contact lenses are also popular among European consumers. The market in Europe benefits from technological advancements and the presence of leading contact lens manufacturers. Furthermore, increasing awareness about eye health and the convenience of contact lenses continue to expand the consumer base. Regulatory standards ensure the safety and quality of contact lenses, instilling trust among consumers.
Asia Pacific is a region of significant growth and opportunity in the global contact lenses market. Countries such as, China, India, Japan, and South Korea are experiencing a rise in demand for contact lenses, driven by a combination of factors. The rising middle-class population with disposable income, increased urbanization, and a strong desire for lifestyle enhancement are key drivers. Myopia is highly prevalent in Asia Pacific, particularly among children, leading to a substantial need for vision correction. Moreover, cosmetic contact lenses, popularized by celebrities and social media influencers, have become a fashion trend among younger generations.
Latin America is emerging as a promising market for contact lenses. Countries such as Brazil, Mexico, and Argentina are experiencing increased awareness about vision correction and a growing middle-class population with the ability to afford contact lenses. Myopia and presbyopia are prevalent, driving demand for both medical and cosmetic contact lenses. Cosmetic contact lenses, especially those with vibrant colors, are gaining popularity among Latin American consumers who seek to change their eye appearance for fashion or cultural reasons. Manufacturers are actively marketing these products in the region.
The Middle East is a niche, however, growing market for contact lenses. Countries, such as the United Arab Emirates, Saudi Arabia, and Qatar, have seen increased demand for contact lenses, primarily driven by a desire for cosmetic lenses to enhance natural eye colors. The relatively young and affluent population of the region is inclined toward fashion and lifestyle choices, making cosmetic contact lenses an attractive option. Additionally, increasing awareness about eye health and the convenience of contact lenses have contributed to market growth. Although the Middle East market is smaller compared to other regions, it offers untapped potential for manufacturers. The market is characterized by a preference for premium and high-quality products, which presents opportunities for innovative offerings.
The key players in the global contact lenses market are actively engaged in several strategic initiatives to maintain and expand their market presence. These initiatives revolve around innovation, product diversification, marketing efforts, and geographical expansion. In terms of innovation, major manufacturers, such as Johnson & Johnson, Alcon (a division of Novartis), and Bausch + Lomb, continuously invest in research and development to create advanced contact lens materials and designs. They focus on enhancing wearer comfort, improving oxygen permeability, and developing specialized lenses for various vision conditions. These innovations cater to medical needs and also target the cosmetic and lifestyle preferences of consumers.
Alton Vision LLC
Bausch & Lomb Incorporated
Carl Zeiss AG
Contamac Holdings Limited
EssilorLuxottica SA
Hoya Corporation
Johnson & Johnson Services, Inc.
Menicon Co. Limited
SEED Co. Limited
SynergEyes Inc.
Cooper Companies Inc.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
July, 2023: Zeiss Group will invest about Rs 2,500 crore in India on a new plant at Karnataka, mainly to increase its spectacle glasses manufacturing capacity. Carl Zeiss India, the group's arm in the country, expects to employ around 5,000 people when the new plant becomes fully operational.
June, 2023: EssilorLuxottica and Jimmy Choo have recently entered into an exclusive licensing agreement, marking a significant collaboration in the world of eyewear. Under this agreement, EssilorLuxottica will take on the responsibilities of designing, manufacturing, and globally distributing Jimmy Choo Eyewear. This partnership is noteworthy for several reasons. Firstly, it showcases the strategic move of EssilorLuxottica, a renowned eyewear conglomerate, in expanding its portfolio by adding a prestigious luxury brand such as Jimmy Choo. Jimmy Choo, known for its high-end fashion and footwear, is extending its brand into the eyewear sector, leveraging its reputation for style and sophistication.
June, 2023: Bausch + Lomb Corporation has recently finalized a formal agreement with Novartis, outlining the acquisition of XIIDRA (lifitegrast ophthalmic solution). This strategic move signifies Bausch + Lomb's commitment to expanding its portfolio of ophthalmic products and strengthening its position in the eye care market. Under this definitive agreement, Bausch + Lomb is set to gain ownership of XIIDRA, a noteworthy ophthalmic solution with clinical significance in the treatment of dry eye disease. This acquisition aligns with Bausch + Lomb's mission to provide comprehensive eye care solutions that address various eye health needs.