Disposable Contact Lenses Market Report
Global Disposable Contact Lenses Market report is segmented by Type (Daily Disposable Contact Lenses, Weekly Disposable Contact Lenses, Monthly Disposable Contact Lenses), By Application (Corrective, Therapeutic, Cosmetic, Prosthetic, Lifestyle-oriented), By Distribution Channel (E-commerce, Eye Care Professionals, Retail), and Region. This report also covers the COVID-19 Impact Analysis and Forecast to 2026. This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Disposable Contact Lenses market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Global Disposable Contact Lenses Market report is segmented by Type (Daily Disposable Contact Lenses, Weekly Disposable Contact Lenses, Monthly Disposable Contact Lenses), By Application (Corrective, Therapeutic, Cosmetic, Prosthetic, Lifestyle-oriented), By Distribution Channel ...
Impact of COVID-19 on Disposable Contact Lenses Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Global Disposable Contact Lenses Market is estimated to grow from USD xx billion in 2020 to USD xx billion by 2026 at a healthy CAGR of x % during the forecast period.
Figure: Global Disposable Contact Lenses Market Size, 2020-2026 (USD Billion)
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Disposable contact lenses are defined as the lenses that are used once and then discarded. These contact lenses can be divided into three types which include daily disposable contact lenses, weekly disposable contact lenses, and monthly disposable contact lenses. These contact lenses can be disposed either on the same or after one week, two weeks, or one month.
Key players operating in the global Disposable Contact Lenses market are-
The demand for daily disposable contact lenses is increasing significantly due to greater comfort.
Based on application, the market has been divided into corrective, therapeutic, cosmetic, prosthetic, and lifestyle oriented.
The market in the Asia-Pacific region is expected to grow at the fastest CAGR due to rising eye-related problems.
The product availability in the market was affected when the governments across geographies-imposed lockdown as it resulted in travel restrictions and supply chain disruptions. The number of first-time contact lens wearers increased amid the covid-19 outbreak to minimize the bulkiness of glasses on the face while wearing a mask. Additionally, the surge in usage of virtual platforms such as zoom for office meetings resulted in increased demand for cosmetic contact lenses and thus, contributed to the market growth positively.
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Here is the list of the group of customers that the Global Disposable contact lenses market hopes to have the greatest opportunity to convert-
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Johnson & Johnson Vision (The U.S.), CooperVision (The U.S), Novartis International AG (Switzerland), Bausch + Lomb (The U.S), St.Shine Optical Co., Ltd (China), Menicon (Japan), Alcon Vision LLC (Switzerland), Hoya Corporation (Japan), Seed Co., Ltd. (Japan), STAAR Surgical Company (The U.S) and SynergEyes (The U.S) are among the key players in the disposable contact lenses market.
Asia-pacific is expected to grow at the fastest CAGR in the disposable contact lenses market in the coming years.
The corrective lenses application segment accounted for the largest share in the disposable contact lenses market in 2020.
Increase in the number of people suffering from visual insufficiencies such as presbyopia and astigmatism, Growing investment in R&D activities in the optometry field, Increasing demand for soft contact lenses integrated with advanced techniques are the factors driving the growth of disposable contact lenses market.
Disposable contact lenses distributors, Disposable contact lenses suppliers, Disposable contact lenses manufacturers, Logistics organizations, Government Bodies are the target audience in the disposable contact lenses market.