Contact Lenses Market Analysis, Opportunities by 2031
The Contact Lenses Market is expected to register a CAGR of 8.7% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Material (Gas Permeable, Silicone Hydrogel, and Others), Design (Monovision, Spherical, Multifocal, and Toric), Application (Corrective, Therapeutic, Cosmetic, and Others), and Distribution Channel (E-commerce, Hospitals and Clinics, and Retail Stores)
Purpose of the ReportThe report Contact Lenses Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Contact Lenses Market Segmentation
Material- Gas Permeable
- Silicone Hydrogel
- Others
- Monovision
- Spherical
- Multifocal
- Toric
- Corrective
- Therapeutic
- Cosmetic
- Others
- E-commerce
- Hospitals and Clinics
- Retail Stores
- E-commerce
- Hospitals and Clinics
- Retail Stores
Strategic Insights
Contact Lenses Market Growth Drivers- Growing prevalence of myopia:
High myopia, or nearsightedness, is the impetus behind the contact lenses market. According to the World Health Organization, over 1.9 billion people are suffering from myopia across the globe and will eventually increase by 2020 to 2.1 billion. With each rising day of urbanization and people spending more hours indoors, risk increases, hence boosting the demand for contact lenses. - Advancements in technology:
Advances in material science have resulted in even more comfortable and breathable contact lenses, while efficiency gains and cost reductions from improved manufacturing processes have increased output and reduced costs. More recently, daily disposable lenses and silicone hydrogel materials have extended further the range of options available to the consumer.
- Increasing awareness of vision care:
Increased awareness of the need for vision care is the second prime growth driver of the contact lenses market. As a citizen of a knowledgeable globe increasingly recognizes the need to undergo regular eye examinations or find other sources of proper eye care, many citizens opt for contact lenses as alternatives. The importance of vision care has also caused people to be more demanding on the type of lenses they require, such as toric lenses for correction of astigmatism or multifocal lenses for correction of presbyopia.
- Daily disposable lenses:
Daily disposable lenses are becoming in great demand by the market on the grounds of convenience, hygiene, and minimal irritation caused to the eyes; consumers now seek such products. The design of the lens is such that it touches the eye just once and then is discarded without any need for storage or cleaning. Thus, for those in search of a hassle-free contact lens experience-the increasingly busy and active lifestyles bring it into favor.Silicone hydrogel materials:
The recent trend for the use of contact lenses has been silicone hydrogel materials, including better comfort, oxygen permeability, and durability. These materials allow for a higher transmission of oxygen to the eyes, lessening the chances of eye irritation and ensuring healthier wear. Silicone hydrogel lenses are likewise soft, flexible, and retain moisture, which are the common features availed to contact lens consumers.
Orthokeratology (OK) and hybrid lenses:
Orthokeratology (OK) and hybrid lenses are the new trends in the contact lens market with comfort and efficacy as an alternative option to traditional RGP lenses. Orthokeratology Lenses - Orthokeratology lenses mold the cornea while sleeping, correcting the sight throughout the day. The patients do not have to wear contact lenses. Hybrid Lenses: Hybrid lenses combine the essence of RGP with a soft one that provides perfect vision correction with comfort. OK and hybrid lenses are gaining popularity among wearers, who are attracted by a more convenient, comfortable, and convenient way of wearing contact lenses.
- Expansion into emerging markets:
The contact lenses market will be growing in emerging markets like Asia-Pacific, Latin America, and Africa, and such growth is being driven by a rising population and growing awareness among people about the need for vision care. Companies can exploit this opportunity by developing local manufacturing facilities, forming partnerships with local distributors, and tailoring products according to regional preferences. In doing so, they not only acquire an increased market share but also reach every unmet population.
Development of smart contact lenses:
Develop advanced contact lenses. This has a great market opportunity. Such a gadget might carry glucose sensors, microchips or cameras that would provide people with real-time data on their eye health, vision, and other signs of life ahead of time. Such advancement would allow for the transformation of how people monitor and treat diseases of the eye and help in optimizing patient outcomes while making the wearing experience of the contact lens far better. The companies can use alliances with technologically driven companies to present the world with state-of-the-art products that would fuse technology and opticsIncreased adoption of online sales:
With the help of e-commerce, there may be a selling platform that enhances the sales of the contact lens manufacturers to a large extent. It is even more convenient, flexible, and cost-saving for the consumers themselves. Companies can fully exploit it by developing welcoming websites and offering a subscription service or being in partnership with online retail merchants to reach more customers, improve customer satisfaction, and remain in step with the competition.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Contact Lenses Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Contact Lenses Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material Design Application and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Frequently Asked Questions
North America dominated the contact lenses market in 2023
The market drivers include growing prevalence of myopia and advancements in technology are driving the contact lenses market
Orthokeratology (OK) and hybrid lenses are likely to remain the key trend during the forecast period
The contact lenses market majorly consists of the players such as EssilorLuxottica, Alcon Inc., Johnson & Johnson Services, Inc among others.
Asia Pacific region is likely to witness fastest growth rate during the forecast period.
The contact lenses market is estimated to grow with a CAGR of 6.7% from 2023 to 2031.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Contact Lenses Market - By Product
1.3.2 Contact Lenses Market - By Materials
1.3.3 Contact Lenses Market - By Application
1.3.4 Contact Lenses Market - By Color Variation
1.3.5 Contact Lenses Market - By Distribution Channel
1.3.6 Contact Lenses Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. CONTACT LENSES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. CONTACT LENSES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. CONTACT LENSES MARKET - GLOBAL MARKET ANALYSIS
6.1. CONTACT LENSES - GLOBAL MARKET OVERVIEW
6.2. CONTACT LENSES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. CONTACT LENSES MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. MODEL
7.3.1. Overview
7.3.2. Model Market Forecast and Analysis
7.3.3. Daily Wear Contact Lenses Market
7.3.3.1. Overview
7.3.3.2. Daily Wear Contact Lenses Market Forecast and Analysis
7.3.4. Extended Wear Contact Lenses Market
7.3.4.1. Overview
7.3.4.2. Extended Wear Contact Lenses Market Forecast and Analysis
7.4. DESIGN
7.4.1. Overview
7.4.2. Design Market Forecast and Analysis
7.4.3. Toric Contact Lenses Market
7.4.3.1. Overview
7.4.3.2. Toric Contact Lenses Market Forecast and Analysis
7.4.4. Spherical Contact Lenses Market
7.4.4.1. Overview
7.4.4.2. Spherical Contact Lenses Market Forecast and Analysis
7.4.5. Multifocal Contact Lenses Market
7.4.5.1. Overview
7.4.5.2. Multifocal Contact Lenses Market Forecast and Analysis
7.4.6. Monovision Contact Lenses Market
7.4.6.1. Overview
7.4.6.2. Monovision Contact Lenses Market Forecast and Analysis
7.4.7. Cosmetic Contact Lenses Market
7.4.7.1. Overview
7.4.7.2. Cosmetic Contact Lenses Market Forecast and Analysis
8. CONTACT LENSES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIALS
8.1. OVERVIEW
8.2. MATERIALS MARKET FORECASTS AND ANALYSIS
8.3. HYDROGEL CONTACT LENSES
8.3.1. Overview
8.3.2. Hydrogel Contact Lenses Market Forecast and Analysis
8.4. SILICONE HYDROGEL CONTACT LENSES
8.4.1. Overview
8.4.2. Silicone Hydrogel Contact Lenses Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. CONTACT LENSES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. CONVENTIONAL CONTACT LENSES,
9.3.1. Overview
9.3.2. Conventional Contact Lenses, Market Forecast and Analysis
9.4. DECORATIVE (PLANO) CONTACT LENSES
9.4.1. Overview
9.4.2. Decorative (Plano) Contact Lenses Market Forecast and Analysis
9.5. ORTHOKERATOLOGY CONTACT LENSES
9.5.1. Overview
9.5.2. Orthokeratology Contact Lenses Market Forecast and Analysis
10. CONTACT LENSES MARKET - REVENUE AND FORECASTS TO 2028 - COLOR VARIATION
10.1. OVERVIEW
10.2. COLOR VARIATION MARKET FORECASTS AND ANALYSIS
10.3. VISIBILITY TINTED CONTACT LENSES,
10.3.1. Overview
10.3.2. Visibility Tinted Contact Lenses, Market Forecast and Analysis
10.4. OPAQUE CONTACT LENSES
10.4.1. Overview
10.4.2. Opaque Contact Lenses Market Forecast and Analysis
10.5. ENHANCERS OR TINTED CONTACT LENSES
10.5.1. Overview
10.5.2. Enhancers or Tinted Contact Lenses Market Forecast and Analysis
11. CONTACT LENSES MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
11.1. OVERVIEW
11.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
11.3. RETAIL STORES
11.3.1. Overview
11.3.2. Retail stores Market Forecast and Analysis
11.4. HOSPITALS AND CLINICS
11.4.1. Overview
11.4.2. Hospitals and clinics Market Forecast and Analysis
11.5. E-COMMERCE
11.5.1. Overview
11.5.2. E-commerce Market Forecast and Analysis
12. CONTACT LENSES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Contact Lenses Market Overview
12.1.2 North America Contact Lenses Market Forecasts and Analysis
12.1.3 North America Contact Lenses Market Forecasts and Analysis - By Product
12.1.4 North America Contact Lenses Market Forecasts and Analysis - By Materials
12.1.5 North America Contact Lenses Market Forecasts and Analysis - By Application
12.1.6 North America Contact Lenses Market Forecasts and Analysis - By Color Variation
12.1.7 North America Contact Lenses Market Forecasts and Analysis - By Distribution Channel
12.1.8 North America Contact Lenses Market Forecasts and Analysis - By Countries
12.1.8.1 United States Contact Lenses Market
12.1.8.1.1 United States Contact Lenses Market by Product
12.1.8.1.2 United States Contact Lenses Market by Materials
12.1.8.1.3 United States Contact Lenses Market by Application
12.1.8.1.4 United States Contact Lenses Market by Color Variation
12.1.8.1.5 United States Contact Lenses Market by Distribution Channel
12.1.8.2 Canada Contact Lenses Market
12.1.8.2.1 Canada Contact Lenses Market by Product
12.1.8.2.2 Canada Contact Lenses Market by Materials
12.1.8.2.3 Canada Contact Lenses Market by Application
12.1.8.2.4 Canada Contact Lenses Market by Color Variation
12.1.8.2.5 Canada Contact Lenses Market by Distribution Channel
12.1.8.3 Mexico Contact Lenses Market
12.1.8.3.1 Mexico Contact Lenses Market by Product
12.1.8.3.2 Mexico Contact Lenses Market by Materials
12.1.8.3.3 Mexico Contact Lenses Market by Application
12.1.8.3.4 Mexico Contact Lenses Market by Color Variation
12.1.8.3.5 Mexico Contact Lenses Market by Distribution Channel
12.2. EUROPE
12.2.1 Europe Contact Lenses Market Overview
12.2.2 Europe Contact Lenses Market Forecasts and Analysis
12.2.3 Europe Contact Lenses Market Forecasts and Analysis - By Product
12.2.4 Europe Contact Lenses Market Forecasts and Analysis - By Materials
12.2.5 Europe Contact Lenses Market Forecasts and Analysis - By Application
12.2.6 Europe Contact Lenses Market Forecasts and Analysis - By Color Variation
12.2.7 Europe Contact Lenses Market Forecasts and Analysis - By Distribution Channel
12.2.8 Europe Contact Lenses Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Contact Lenses Market
12.2.8.1.1 Germany Contact Lenses Market by Product
12.2.8.1.2 Germany Contact Lenses Market by Materials
12.2.8.1.3 Germany Contact Lenses Market by Application
12.2.8.1.4 Germany Contact Lenses Market by Color Variation
12.2.8.1.5 Germany Contact Lenses Market by Distribution Channel
12.2.8.2 France Contact Lenses Market
12.2.8.2.1 France Contact Lenses Market by Product
12.2.8.2.2 France Contact Lenses Market by Materials
12.2.8.2.3 France Contact Lenses Market by Application
12.2.8.2.4 France Contact Lenses Market by Color Variation
12.2.8.2.5 France Contact Lenses Market by Distribution Channel
12.2.8.3 Italy Contact Lenses Market
12.2.8.3.1 Italy Contact Lenses Market by Product
12.2.8.3.2 Italy Contact Lenses Market by Materials
12.2.8.3.3 Italy Contact Lenses Market by Application
12.2.8.3.4 Italy Contact Lenses Market by Color Variation
12.2.8.3.5 Italy Contact Lenses Market by Distribution Channel
12.2.8.4 Spain Contact Lenses Market
12.2.8.4.1 Spain Contact Lenses Market by Product
12.2.8.4.2 Spain Contact Lenses Market by Materials
12.2.8.4.3 Spain Contact Lenses Market by Application
12.2.8.4.4 Spain Contact Lenses Market by Color Variation
12.2.8.4.5 Spain Contact Lenses Market by Distribution Channel
12.2.8.5 United Kingdom Contact Lenses Market
12.2.8.5.1 United Kingdom Contact Lenses Market by Product
12.2.8.5.2 United Kingdom Contact Lenses Market by Materials
12.2.8.5.3 United Kingdom Contact Lenses Market by Application
12.2.8.5.4 United Kingdom Contact Lenses Market by Color Variation
12.2.8.5.5 United Kingdom Contact Lenses Market by Distribution Channel
12.2.8.6 Rest of Europe Contact Lenses Market
12.2.8.6.1 Rest of Europe Contact Lenses Market by Product
12.2.8.6.2 Rest of Europe Contact Lenses Market by Materials
12.2.8.6.3 Rest of Europe Contact Lenses Market by Application
12.2.8.6.4 Rest of Europe Contact Lenses Market by Color Variation
12.2.8.6.5 Rest of Europe Contact Lenses Market by Distribution Channel
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Contact Lenses Market Overview
12.3.2 Asia-Pacific Contact Lenses Market Forecasts and Analysis
12.3.3 Asia-Pacific Contact Lenses Market Forecasts and Analysis - By Product
12.3.4 Asia-Pacific Contact Lenses Market Forecasts and Analysis - By Materials
12.3.5 Asia-Pacific Contact Lenses Market Forecasts and Analysis - By Application
12.3.6 Asia-Pacific Contact Lenses Market Forecasts and Analysis - By Color Variation
12.3.7 Asia-Pacific Contact Lenses Market Forecasts and Analysis - By Distribution Channel
12.3.8 Asia-Pacific Contact Lenses Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Contact Lenses Market
12.3.8.1.1 Australia Contact Lenses Market by Product
12.3.8.1.2 Australia Contact Lenses Market by Materials
12.3.8.1.3 Australia Contact Lenses Market by Application
12.3.8.1.4 Australia Contact Lenses Market by Color Variation
12.3.8.1.5 Australia Contact Lenses Market by Distribution Channel
12.3.8.2 China Contact Lenses Market
12.3.8.2.1 China Contact Lenses Market by Product
12.3.8.2.2 China Contact Lenses Market by Materials
12.3.8.2.3 China Contact Lenses Market by Application
12.3.8.2.4 China Contact Lenses Market by Color Variation
12.3.8.2.5 China Contact Lenses Market by Distribution Channel
12.3.8.3 India Contact Lenses Market
12.3.8.3.1 India Contact Lenses Market by Product
12.3.8.3.2 India Contact Lenses Market by Materials
12.3.8.3.3 India Contact Lenses Market by Application
12.3.8.3.4 India Contact Lenses Market by Color Variation
12.3.8.3.5 India Contact Lenses Market by Distribution Channel
12.3.8.4 Japan Contact Lenses Market
12.3.8.4.1 Japan Contact Lenses Market by Product
12.3.8.4.2 Japan Contact Lenses Market by Materials
12.3.8.4.3 Japan Contact Lenses Market by Application
12.3.8.4.4 Japan Contact Lenses Market by Color Variation
12.3.8.4.5 Japan Contact Lenses Market by Distribution Channel
12.3.8.5 South Korea Contact Lenses Market
12.3.8.5.1 South Korea Contact Lenses Market by Product
12.3.8.5.2 South Korea Contact Lenses Market by Materials
12.3.8.5.3 South Korea Contact Lenses Market by Application
12.3.8.5.4 South Korea Contact Lenses Market by Color Variation
12.3.8.5.5 South Korea Contact Lenses Market by Distribution Channel
12.3.8.6 Rest of Asia-Pacific Contact Lenses Market
12.3.8.6.1 Rest of Asia-Pacific Contact Lenses Market by Product
12.3.8.6.2 Rest of Asia-Pacific Contact Lenses Market by Materials
12.3.8.6.3 Rest of Asia-Pacific Contact Lenses Market by Application
12.3.8.6.4 Rest of Asia-Pacific Contact Lenses Market by Color Variation
12.3.8.6.5 Rest of Asia-Pacific Contact Lenses Market by Distribution Channel
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Contact Lenses Market Overview
12.4.2 Middle East and Africa Contact Lenses Market Forecasts and Analysis
12.4.3 Middle East and Africa Contact Lenses Market Forecasts and Analysis - By Product
12.4.4 Middle East and Africa Contact Lenses Market Forecasts and Analysis - By Materials
12.4.5 Middle East and Africa Contact Lenses Market Forecasts and Analysis - By Application
12.4.6 Middle East and Africa Contact Lenses Market Forecasts and Analysis - By Color Variation
12.4.7 Middle East and Africa Contact Lenses Market Forecasts and Analysis - By Distribution Channel
12.4.8 Middle East and Africa Contact Lenses Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Contact Lenses Market
12.4.8.1.1 South Africa Contact Lenses Market by Product
12.4.8.1.2 South Africa Contact Lenses Market by Materials
12.4.8.1.3 South Africa Contact Lenses Market by Application
12.4.8.1.4 South Africa Contact Lenses Market by Color Variation
12.4.8.1.5 South Africa Contact Lenses Market by Distribution Channel
12.4.8.2 Saudi Arabia Contact Lenses Market
12.4.8.2.1 Saudi Arabia Contact Lenses Market by Product
12.4.8.2.2 Saudi Arabia Contact Lenses Market by Materials
12.4.8.2.3 Saudi Arabia Contact Lenses Market by Application
12.4.8.2.4 Saudi Arabia Contact Lenses Market by Color Variation
12.4.8.2.5 Saudi Arabia Contact Lenses Market by Distribution Channel
12.4.8.3 U.A.E Contact Lenses Market
12.4.8.3.1 U.A.E Contact Lenses Market by Product
12.4.8.3.2 U.A.E Contact Lenses Market by Materials
12.4.8.3.3 U.A.E Contact Lenses Market by Application
12.4.8.3.4 U.A.E Contact Lenses Market by Color Variation
12.4.8.3.5 U.A.E Contact Lenses Market by Distribution Channel
12.4.8.4 Rest of Middle East and Africa Contact Lenses Market
12.4.8.4.1 Rest of Middle East and Africa Contact Lenses Market by Product
12.4.8.4.2 Rest of Middle East and Africa Contact Lenses Market by Materials
12.4.8.4.3 Rest of Middle East and Africa Contact Lenses Market by Application
12.4.8.4.4 Rest of Middle East and Africa Contact Lenses Market by Color Variation
12.4.8.4.5 Rest of Middle East and Africa Contact Lenses Market by Distribution Channel
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Contact Lenses Market Overview
12.5.2 South and Central America Contact Lenses Market Forecasts and Analysis
12.5.3 South and Central America Contact Lenses Market Forecasts and Analysis - By Product
12.5.4 South and Central America Contact Lenses Market Forecasts and Analysis - By Materials
12.5.5 South and Central America Contact Lenses Market Forecasts and Analysis - By Application
12.5.6 South and Central America Contact Lenses Market Forecasts and Analysis - By Color Variation
12.5.7 South and Central America Contact Lenses Market Forecasts and Analysis - By Distribution Channel
12.5.8 South and Central America Contact Lenses Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Contact Lenses Market
12.5.8.1.1 Brazil Contact Lenses Market by Product
12.5.8.1.2 Brazil Contact Lenses Market by Materials
12.5.8.1.3 Brazil Contact Lenses Market by Application
12.5.8.1.4 Brazil Contact Lenses Market by Color Variation
12.5.8.1.5 Brazil Contact Lenses Market by Distribution Channel
12.5.8.2 Argentina Contact Lenses Market
12.5.8.2.1 Argentina Contact Lenses Market by Product
12.5.8.2.2 Argentina Contact Lenses Market by Materials
12.5.8.2.3 Argentina Contact Lenses Market by Application
12.5.8.2.4 Argentina Contact Lenses Market by Color Variation
12.5.8.2.5 Argentina Contact Lenses Market by Distribution Channel
12.5.8.3 Rest of South and Central America Contact Lenses Market
12.5.8.3.1 Rest of South and Central America Contact Lenses Market by Product
12.5.8.3.2 Rest of South and Central America Contact Lenses Market by Materials
12.5.8.3.3 Rest of South and Central America Contact Lenses Market by Application
12.5.8.3.4 Rest of South and Central America Contact Lenses Market by Color Variation
12.5.8.3.5 Rest of South and Central America Contact Lenses Market by Distribution Channel
13. IMPACT OF COVID-19 PANDEMIC ON GLOBAL CONTACT LENSES MARKET
13.1 North America
13.2 Europe
13.3 Asia-Pacific
13.4 Middle East and Africa
13.5 South and Central America
14. INDUSTRY LANDSCAPE
14.1. MERGERS AND ACQUISITIONS
14.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
14.3. NEW PRODUCT LAUNCHES
14.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
15. CONTACT LENSES MARKET, KEY COMPANY PROFILES
15.1. BAUSCH + LOMB
15.1.1. Key Facts
15.1.2. Business Description
15.1.3. Products and Services
15.1.4. Financial Overview
15.1.5. SWOT Analysis
15.1.6. Key Developments
15.2. ALCON
15.2.1. Key Facts
15.2.2. Business Description
15.2.3. Products and Services
15.2.4. Financial Overview
15.2.5. SWOT Analysis
15.2.6. Key Developments
15.3. CARL ZEISS MEDITEC AG
15.3.1. Key Facts
15.3.2. Business Description
15.3.3. Products and Services
15.3.4. Financial Overview
15.3.5. SWOT Analysis
15.3.6. Key Developments
15.4. JOHNSON AND JOHNSON
15.4.1. Key Facts
15.4.2. Business Description
15.4.3. Products and Services
15.4.4. Financial Overview
15.4.5. SWOT Analysis
15.4.6. Key Developments
15.5. HOYA CORPORATION
15.5.1. Key Facts
15.5.2. Business Description
15.5.3. Products and Services
15.5.4. Financial Overview
15.5.5. SWOT Analysis
15.5.6. Key Developments
15.6. THE COOPER COMPANIES
15.6.1. Key Facts
15.6.2. Business Description
15.6.3. Products and Services
15.6.4. Financial Overview
15.6.5. SWOT Analysis
15.6.6. Key Developments
15.7. SEED CO., LTD.
15.7.1. Key Facts
15.7.2. Business Description
15.7.3. Products and Services
15.7.4. Financial Overview
15.7.5. SWOT Analysis
15.7.6. Key Developments
The List of Companies
1. Bausch & Lomb Incorporated.
2. Carl Zeiss Meditec AG
3. Johnson & Johnson Services, Inc.
4. Alcon (Novartis International AG)
5. HOYA Corporation
6. The Cooper Companies Inc.
7. BenQ Materials Corporation
8. Essilor
9. Contamac
10. SynergEyes, Inc.
11. NIDEK CO., LTD.
12. NJRetina
13. OcuMedic
14. Interojo
15. Seed Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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