The market was valued at USD 1.33 Bn in 2015 and is expected to reach USD 2.25 Bn by 2022, expanding at a CAGR of 6.6% from 2016 to 2022.
Browse the full report Cosmetic Contact Lenses Market: Market Growth, Future Prospects and Competitive Analysis, 2016-2022 at http://www.credenceresearch.com/report/cosmetic-contact-lenses-market
Market Insights
The global cosmetic contact lenses market is witnessing a significant upswing in light of the growing demand for altering aesthetic appearance. The use of cosmetic contact lenses is surging in the entertainment sector, and perpetual innovation in the nature of products and comfort in usage are the key factors contributing to the demand for cosmetic contact lenses. Asia-Pacific is the most significant market for cosmetic contact lenses. The East Asian countries such as Japan, China, South Korea, and Singapore are the key countries with highest contribution in the global market. Rising awareness related to aesthetic surgeries and cosmetic enhancement devices in young population, rising market penetration of cosmetic contact lenses due to online availability and regulatory approval for online sales and non-prescription sales of cosmetic contact lenses. Latin America and Middle East & Africa are expected to witness the highest growth rate due to high disposable income, increasing prevalence of ophthalmic disorders and being one of the major cosmetic surgery destinations in the world.
Among the type of lenses, spherical contact lenses held the largest market in the global cosmetic contact lenses market. The factors driving the spherical contact lenses include the high prevalence of myopia and hyperopia. Spherical lenses are the most prescribed lenses in case of myopia and hyperopia. Toric lenses are expected to grow at a highest growth rate during the forecast period. Toric lenses have a design feature that enables the lens to rotate to the proper orientation on the cornea so the power meridians of the lens align with the appropriate meridians of the eye for clear vision. With the increasing cases of astigmatism and the growing trends of cosmetic contact lenses, the demand for toric cosmetic contact lenses is surging substantially.
Despite consolidation in developed markets of North America and West Europe, the developing markets of Asia-Pacific are scattered with presence of local players. Key players in the global cosmetic contact lenses market include Alcon, Johnson & Johnson, Bausch & Lomb and others. Other notable players in this market include Nidek, Hoya, Iridex, Carl Zeiss, Blanchard, and several others.
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ToC:
Chapter 1 Preface 9
1.1 Report Description 9
1.1.1 Purpose of the Report 9
1.1.2 Target Audience 9
1.1.3 USP and Key Offerings 9
1.2 Research Scope 10
1.3 Research Methodology 11
1.3.1 Phase I – Secondary Research 11
1.3.2 Phase II – Primary Research 12
1.3.3 Phase III – Expert Panel Review 12
1.3.4 Assumptions 13
Chapter 2 Executive Summary 14
2.1 Cosmetic Contact Lenses: Market Portraiture 14
2.2 Global Cosmetic Contact Lenses Market Share, by Type, 2015 & 2023 (Value %) 15
2.3 Global Cosmetic Contact Lenses Market Share, by Geography, 2015 (Value %) 16
Chapter 3 Cosmetic Contact Lenses Market Analysis 18
3.1 Global Cosmetic Contact Lenses Market Overview 18
3.2 Global Prescription and Non-Prescription Lenses Market, 2013 – 2023 (USD Mn) 19
3.3 Global Corrective and Non-Corrective Lenses Market, 2013 – 2023 (USD Mn) 20
3.4 Market Dynamics 20
3.4.1 Drivers 20
3.4.1.1 Growing Corrective Laser Vision Surgeries 20
3.4.1.2 Increasing Usage of Cosmetic Contact Lenses As Aesthetic Enhancer 21
3.4.2 Challenges 22
3.4.2.1 Stringent Regulation Over the Sale of Cosmetic Contact Lenses 22
3.4.3 Opportunities 22
3.4.3.1 Growing Online Retailing for Cosmetic Contact Lenses 22
3.5 Porter’s Five Forces Model 23
3.5.1 Bargaining Power of Suppliers 23
3.5.2 Bargaining Power of Buyers 24
3.5.3 Threat of Substitutes 24
3.5.4 Threat of New Entrants 25
3.5.5 Competitive Rivalry 25
3.6 Attractive Investment Proposition 26
3.7 Market Share Analysis of Key Manufacturers in Cosmetic Contact Lenses Market, 2015 27
Chapter 4 Global Cosmetic Contact Lenses Market, By Type 29
4.1 Introduction 29
4.2 Toric Contact Lenses 30
4.3 Spherical Contact Lenses 31
4.4 Multifocal Contact Lenses 32
4.5 Conventional Contact Lenses 33
4.6 Others 34
Chapter 5 Global Cosmetic Contact Lenses Market, By Geography 36
5.1 Preface 36
5.2 North America (U.S. & Canada) 37
5.3 Europe (U.K., Germany & Rest of Europe) 39
5.4 Asia-Pacific ….. 41
5.5 Latin America (Mexico, Brazil and Rest of LATAM) 43
5.6 Middle East and Africa 45
Chapter 6 Company Profiles 48
6.1 Bausch & Lomb, Inc. 48
6.1.1 Bausch & Lomb, Inc.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 48
6.2 Ciba Vision (Alcon) 50
6.2.1 Ciba Vision (Alcon): Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 50
6.3 Carl Zeiss 52
6.3.1 Carl Zeiss: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 52
6.4 CooperVision .. 54
6.4.1 CooperVision: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 54
6.5 Essilor International 56
6.5.1 Essilor International: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 56
6.6 X-Cel Specialty Contact 58
6.6.1 X-Cel Specialty Contact: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 58
6.7 Hoya Vision Care 59
6.7.1 Hoya Vision Care: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) .. 59
6.8 Johnson & Johnson Vision Care, Inc. 60
6.8.1 Johnson & Johnson Vision Care, Inc.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 60
6.9 SynergEyes, Inc 62
6.9.1 SynergEyes, Inc.: Company Snapshot (Business Description; Financial Health and Budget Allocation; Product Position/Portfolio; News Coverage) 62
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