Cosmetic Contact Lenses Market report for 2024 – Companies, applications, products and more
This Cosmetic Contact Lenses Market report is an exhaustive research on companies active in Cosmetic Contact Lenses sector, its applications, products, end-users, trends and predictions on how the market will grow in coming years.
This Cosmetic Contact Lenses Market report is an exhaustive research on companies active in Cosmetic Contact Lenses sector, its applications, products, end-users, trends and predictions on how the market will grow in coming years.
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<strong>Cosmetic</strong> <strong>Contact</strong> <strong>Lenses</strong> <strong>Market</strong> analysis research <strong>and</strong><br />
trends <strong>report</strong> <strong>for</strong> 2018 <strong>–</strong> <strong>2024</strong>: Global <strong>Market</strong> Insights, Inc.<br />
Asia Pacific cosmetic contact lenses market accounted <strong>for</strong> over 70% of revenue share in<br />
2017, owing to growing acceptance by the image-conscious population to cope up with the<br />
current fashion trends. Major countries including China, Japan, <strong>and</strong> Taiwan are contributing<br />
primarily towards the regional industry expansion.<br />
<strong>Cosmetic</strong> <strong>Contact</strong> <strong>Lenses</strong> <strong>Market</strong> size is set to exceed USD 1.3 billion by <strong>2024</strong>. Growing<br />
usage in entertainment sector is expected to boost cosmetic contact lens market size. These<br />
lenses are primarily utilized in the entertainment industry owing to the need <strong>for</strong> <strong>more</strong><br />
dramatic makeup. Increasing customer inclination towards colored contact lenses will<br />
further drive the segment dem<strong>and</strong>. Growing disposable incomes encourages consumer<br />
purchasing power on lifestyle <strong>products</strong>, thus supporting the contact lenses dem<strong>and</strong>.<br />
Surging penetration through online medium coupled with the relaxation in regulatory<br />
approval is expected to boost cosmetic contact lens market size. The FDA characterizes<br />
these <strong>products</strong> under the medical devices category <strong>and</strong> m<strong>and</strong>ated prescription <strong>for</strong> purchase<br />
A noteworthy upturn in light of swelling dem<strong>and</strong> <strong>for</strong> altering the aesthetic appearance <strong>and</strong><br />
growing disposable income are the supporting factors driving the market growth.<br />
The increasing acceptance of corrective LASIK surgery is expected to negatively affect the<br />
market size. Additionally, an increase in the overall geriatric population along with<br />
occurrences of visual inaccuracies will further hinder the industry growth.<br />
Circle product segment accounted <strong>for</strong> over 70% revenue share in 2017 owing to the<br />
availability of diverse designs coupled with its ability to blend in naturally with the usual<br />
appearance of eyes. This segment has gained tremendous popularity over the last few years<br />
among the teens <strong>and</strong> young adults’ population.<br />
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To browse this <strong>report</strong> titled, “Global <strong>Cosmetic</strong> <strong>Contact</strong> Lens <strong>Market</strong> Size By Product<br />
(Coloured, Circle), By Type (RGP, Soft <strong>Contact</strong>, Hybrid <strong>Contact</strong>), By Material (Hydrogel,<br />
Polymers), By Distribution Channel (Optical Stores, Independent Br<strong>and</strong> Showrooms, Online<br />
Stores, Retail Stores), By Design (Spherical, Toric, Bifocal & Multifocal), By Usage (Daily<br />
Disposable, Weekly Disposable, Monthly Disposable, Annual), Industry Analysis Report,<br />
Regional Outlook (U.S, Canada, Germany, UK, France, Spain, Italy, Switzerl<strong>and</strong>, Nordic<br />
Countries, Belgium, Luxembourg, Irel<strong>and</strong>, Pol<strong>and</strong>, Russia, China, India, Japan, South Korea,<br />
Thail<strong>and</strong>, Indonesia, Malaysia, Vietnam, Taiwan, Singapore, Brazil, Mexico, Argentina,<br />
Saudi Arabia, South Africa, UAE, Egypt, Tunisia), Growth Potential, Price Trends,<br />
Competitive <strong>Market</strong> Share & Forecast, 2018 <strong>–</strong> <strong>2024</strong>” please click on the link below:<br />
https://www.gminsights.com/industry-analysis/cosmetic-contact-lens-market<br />
RGP segment will witness significant gains at approximately 6% over the <strong>for</strong>ecast period.<br />
This can be attributed to associated benefits such as high oxygen permeability, sharp vision,<br />
durability, <strong>and</strong> cost-effectiveness. Other noticeable factors include moving capacity, smooth<br />
surface, <strong>and</strong> ability to maintain shape are fueling the business growth.<br />
Hydrogel material accounts <strong>for</strong> over USD 600 million in 2017. Rising dem<strong>and</strong> <strong>for</strong> soft <strong>and</strong><br />
com<strong>for</strong>table cosmetic lens influences the material growth. Hydrogel has captured a strong<br />
focus over the last few years owing to its advantages as compared to other counterparts.<br />
Some of the benefits are low risk of eye infection <strong>and</strong> com<strong>for</strong>t <strong>for</strong> consumers.<br />
Online stores distribution channel segment is expected to account <strong>for</strong> over 20% revenue<br />
share by <strong>2024</strong>. These stores provide <strong>products</strong> at lower prices along with on-time delivery<br />
which will foster new opportunities <strong>for</strong> the industry growth.<br />
Daily disposable lens is expected to hold revenue of approximately USD 500 million by <strong>2024</strong>.<br />
These cosmetic lenses have gained a strong attention from young owing to ease of<br />
utilization thereby, propelling segment dem<strong>and</strong>.<br />
Global cosmetic contact lens market share is moderately consolidated with top four players<br />
accounting <strong>for</strong> 57% of the industry share in 2017. Johnson & Johnson, Novartis, Cooper<br />
Vision, Bausch & Lomb (Valeant Pharmaceuticals), Ciba Vision are among the major industry<br />
players with significant market shares. The global market also consists of several regional<br />
players mainly including Asian manufacturers contributing to fragmented share.<br />
Other notable players include Gr<strong>and</strong> Vision, Lagado Corporation, InnoVision, Qualimed <strong>and</strong><br />
Metro Optics. Mergers & acquisitions, production capacity expansions, innovations, joint<br />
ventures <strong>and</strong> supply agreements are among the strategies adopted by industry participants.<br />
Make an inquiry <strong>for</strong> purchasing this <strong>report</strong> @<br />
https://www.gminsights.com/inquiry-be<strong>for</strong>e-buying/2207<br />
© 2018 Global <strong>Market</strong> Insights Inc. All Rights Reserved www.gminsights.com
Partial Chapter of the Table of Content<br />
Chapter 1 Methodology & Scope<br />
1.1 Methodology<br />
1.1.1 Initial data exploration<br />
1.1.2 Statistical model <strong>and</strong> <strong>for</strong>ecast<br />
1.1.3 Industry Insights <strong>and</strong> validation<br />
1.1.1 Definitions<br />
1.1.2 Forecast parameters & considerations<br />
1.2 Data Sources<br />
1.2.1 Secondary<br />
1.2.2 Primary<br />
Chapter 2 Executive Summary<br />
2.1 <strong>Cosmetic</strong> contact lens industry 3600 synopsis, 2013 - <strong>2024</strong><br />
2.1.1 Business trends<br />
2.1.2 Product trends<br />
2.1.3 Type trends<br />
2.1.4 Material trends<br />
2.1.5 Distribution channel trends<br />
© 2018 Global <strong>Market</strong> Insights Inc. All Rights Reserved www.gminsights.com
2.1.6 Design trends<br />
2.1.7 Usage trends<br />
2.1.8 Regional trends<br />
Chapter 3 <strong>Cosmetic</strong> <strong>Contact</strong> Lens Industry Insights<br />
3.1 Industry segmentation<br />
3.2 Industry l<strong>and</strong>scape<br />
3.3 Industry ecosystem analysis<br />
3.3.1 Distribution channel analysis<br />
3.3.1.1 Optical stores<br />
3.3.1.2 Independent br<strong>and</strong> showrooms<br />
3.3.1.3 Online stores<br />
3.3.1.4 Retail stores<br />
3.3.1.5 Others<br />
3.3.2 Profit margin matrix<br />
3.3.3 Vendor matrix<br />
3.4 Technology l<strong>and</strong>scape<br />
3.4.1 Custom production technique<br />
3.4.1.1 Diamond turning<br />
3.4.2 Mass production techniques<br />
3.4.2.1 Injection molding<br />
3.4.2.2 Spin casting<br />
3.4.3 Quality control<br />
3.4.4 Packaging<br />
3.5 Raw material analysis<br />
3.5.1 Hydrogel<br />
3.5.2 Polymers<br />
© 2018 Global <strong>Market</strong> Insights Inc. All Rights Reserved www.gminsights.com
3.6 Industry best practices & key buying criteria<br />
3.7 Consumer Buying Behaviours<br />
3.7.1 Unmet needs<br />
3.7.2 Social & cultural impact <strong>for</strong>ces<br />
3.7.3 In<strong>for</strong>mation search<br />
3.7.4 Evaluation of alternatives<br />
3.7.5 Purchase decision<br />
3.7.6 Post purchase behaviour<br />
3.8 Regulatory l<strong>and</strong>scape<br />
3.8.1 North America<br />
3.8.1.1 U.S.<br />
3.8.1.1.1 FDA <strong>–</strong> contact lenses<br />
3.8.1.1.2 Fairness to <strong>Contact</strong> Lens Consumers Act (FCLCA)<br />
3.8.2 Europe<br />
3.8.2.1 EU Medical Devices Regulation (MDR)<br />
3.8.3 Asia Pacific<br />
3.8.3.1 Australia<br />
3.8.3.1.1 Australian Competition & Consumer Commission - <strong>Cosmetic</strong> & novelty contact<br />
lenses<br />
3.8.3.2 China<br />
3.8.3.2.1 Expansion of cosmetic contact regulation<br />
3.8.3.2.2 SFDA Registration Regulation <strong>for</strong> <strong>Contact</strong> Lens Re-registration<br />
3.8.4 Latin America<br />
3.8.4.1 Brazil<br />
3.8.5 MEA<br />
3.8.5.1 Saudi Arabia<br />
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3.9 Pricing analysis<br />
3.9.1 Regional pricing<br />
3.9.1.1 North America<br />
3.9.1.2 Europe<br />
3.9.1.3 Asia Pacific<br />
3.9.1.4 Latin America<br />
3.9.1.5 MEA<br />
3.9.2 Cost structure analysis<br />
3.10 Industry impact <strong>for</strong>ces<br />
3.10.1 Growth drivers, by region<br />
3.10.1.1 North America<br />
3.10.1.1.1 Rising penetration through online medium <strong>and</strong> relaxation in regulatory approval<br />
3.10.1.2 Europe<br />
3.10.1.2.1 Rising acceptance of br<strong>and</strong>ed cosmetic contact lenses<br />
3.10.1.3 Asia Pacific<br />
3.10.1.3.1 Rising awareness regarding substitutes <strong>for</strong> aesthetic eye surgeries in several<br />
regional countries including China, Japan <strong>and</strong> Taiwan<br />
3.10.1.4 Latin America<br />
3.10.1.4.1 Increasing occurrence of ophthalmic disorders <strong>and</strong> high disposable income<br />
3.10.1.5 MEA<br />
3.10.1.5.1 High need <strong>for</strong> aesthetic appearance<br />
3.10.2 Industry pitfall & challenges<br />
3.10.2.1 Growing popularity of eye corrective surgeries<br />
3.10.2.2 Price differentiation between br<strong>and</strong>ed <strong>and</strong> unbr<strong>and</strong>ed<br />
3.11 Innovation & sustainability<br />
3.12 Growth potential analysis, 2017<br />
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3.13 Competitive l<strong>and</strong>scape, 2017<br />
3.13.1 <strong>Market</strong> share analysis, 2017<br />
3.13.2 Br<strong>and</strong> analysis<br />
3.13.3 Key stakeholders<br />
3.13.4 Strategy dashboard<br />
3.14 Porter’s analysis<br />
3.15 PESTEL analysis<br />
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