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Pulished Date April, 2021
ID: 1616
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Europe Contact Lenses Market Research Report – Segmented By Material, Application, Design, Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 1616
Pages: 145

Europe Contact Lenses Market Size (2021 to 2026)

The European Contact Lenses Market size is expected to be worth USD 5.50 billion by 2026 from USD 3.79 billion in 2021, growing at a CAGR of 7.71% during the forecast period.

A contact lens is a fragile lens that can be easily placed on the eye cornea. Contact lenses are placed on the surface of the eyeball to correct the vision of people who are suffering from eye-related problems like cataracts.

Growing eye-related problems like cataracts and standard increases in contact lens usage are the significant factors propelling the market. In Europe, the quality of the contact lenses is majorly driving the production of the market growth. In this region, the adoption of advanced technologies for contact lenses and the rise in research and development activities are expected to drive the market forward.

Variations in the forms of contact lenses in the stores due to the reduction in manufacturing rate hinder the market. Also, strict rules and guidelines to be followed while making the lens, keeping in mind the safety of the people, are hampering the contact lenses market.

COVID-19 impact on the European contact lenses market:

The contact lens market players in Europe have changed their procedures to deliver the safest products to the customers during the COVID-19 outbreak. With the help of telemedicine, the European contact lenses market to gain significant prominence during the forecast period. 

This research report on the European contact lenses market has been segmented & sub-segmented into the following categories:

By Material:

  • Soft Contact Lenses
  • Silicone Hydrogel Lenses
  • Rigid Gas Permeable (RGP) Contact Lenses
  • Hybrid Contact Lenses
  • Polymethyl Methacrylate (PMMA) Contact Lenses

By Application: 

  • Therapeutic Contact Lenses
  • Cosmetic Contact Lenses
  • Corrective Contact Lenses
  • Prosthetic Contact Lenses

By Design: 

  • Spherical
  • Bifocal
  • Orthokeratology
  • Toric

By Country: 

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Regional Analysis

The UK Contact Lenses market is on the rise and accounted for a market share of 23% in the European market in 2020. According to the Association of Contact Lens Manufacturers (ACLM), the UK Contact Lenses market was increased by 4% and made 292 million Euros in 2018. An estimated 789 million contact lens sales happened in the United Kingdom alone. The users of contact lenses are very high in the United Kingdom, which is majorly attributing the growth to the market. Nearly 3.6 million adults are using contact lenses in the United Kingdom, which is 8.7% of the UK's adult population. The growing aging population further drives the contact lenses market in the United Kingdom. As a result, contact lenses have become the strongest, with value growing by 5%. Escalating expenditure on healthcare is also one of the factors for the market to grow tremendously. 

The German contact lenses market is expected to be the second most leading regional market in the European market following the UK during the forecast period. The contact lenses market in Germany is estimated to showcase a CAGR of 8.6% during the forecast period. Growing awareness among the people about the age-related health issues and standard increase for the usage of contact lenses are majorly contributing growth to this regional market. In Germany, raising awareness about age-related diseases and the prevalence of contact lenses are significant factors. In addition, the tendency of people to wear a quality type of device is also expanding the market.

France is a developed country in the European region. Increasing knowledge over the use of contact lenses through digital advertisements is also one factor accelerating the contact lens market growth in France. Awareness about contact lens and shifting towards a contact lens rather than prescribed sunglasses are forcing the market to grow effectively.

In Spain, the increasing trend of wearing contact lenses, especially in adults, is accelerating the demand for the market. The contact lenses market in Spain is predicted to display a CAGR value of 1.78% during the forecast period. Growing prevalence towards the contact lens than spectacles is the primary factor in attracting market growth. In addition, increasing economy from past few years and creating awareness through digital advertisements further elevates the Spain Contact Lenses Market

In Italy, increasing investment in the research and development sector and using contact lenses daily are propelling the growth rate of the Italian Contact Lenses Market. Therefore, the availability of contact lenses has to be increased to expand the market.

KEY MARKET PLAYERS:

A few of the promising companies in the Europe Contact Lenses market are Johnson & Johnson, Bausch & Lomb, CooperVision, Hydrogel Vision Corp, Abbott Medical Optics, Inc., Alcon Laboratories, Inc., Carl Zeiss AG, CIBA Vision, Essilor International, and Contamac.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Material                       

                                5.1.1 Introduction           

                                5.1.2 Soft Contact Lenses            

                                5.1.3 Silicone Hydrogel Lenses   

                                5.1.4 Rigid Gas Permeable (RGP) Contact Lenses              

                                5.1.5 Hybrid Contact Lenses       

                                5.1.6 Polymethyl Methacrylate (PMMA) Contact Lenses               

                                5.1.7  Y-o-Y Growth Analysis, By Product              

                                5.1.8  Market Attractiveness Analysis, By Product            

                                5.1.9  Market Share Analysis, By Product              

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Therapeutic Contact Lenses            

                                5.2.3 Cosmetic Contact Lenses  

                                5.2.4 Others      

                                5.2.5  Y-o-Y Growth Analysis, By Type    

                                5.2.6  Market Attractiveness Analysis, By Type  

                                5.2.7  Market Share Analysis, By Type    

                5.3 Design                          

                                5.3.1 Introduction           

                                5.3.2 Spherical  

                                5.3.3 Bifocal       

                                5.3.4 Orthokeratology   

                                5.3.5 Toric           

                                5.3.6  Y-o-Y Growth Analysis, By Application        

                                5.3.7  Market Attractiveness Analysis, By Application      

                                5.3.8  Market Share Analysis, By Application       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Type

                                                6.1.3.4 By Application

                                                6.1.3.5 By Indication

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Type

                                                6.1.4.4 By Application

                                                6.1.4.5 By Indication

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Type

                                                6.1.5.4 By Application

                                                6.1.5.5 By Indication

                6.2 U.K                 

                6.3 Spain                             

                6.4 Germany                     

                6.5 Italy                               

                6.6 France                          

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 Johnson & Johnson                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Bausch & Lomb                         

                8.3 CooperVision                             

                8.4 Hydrogel Vision Corp                              

                8.5 Abbott Medical Optics, Inc                   

                8.6 Alcon Laboratories, Inc                          

                8.7 Carl Zeiss AG                              

                8.8 CIBA Vision                 

                8.9 Essilor International                                

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Europe Contact Lenses Market, By Application, From 2021 to 2026 (USD Million)
  2. Europe Therapeutic Contact Lenses Market By Region, From 2021 to 2026 (USD Million)
  3. Europe Cosmetic Contact Lenses Market By Region, From 2021 to 2026 (USD Million)
  4. Europe Others Market By Region, From 2021 to 2026 (USD Million)
  5. Europe Contact Lenses Market, By Design, From 2021 to 2026 (USD Million)
  6. Europe Spherical Market By Region, From 2021 to 2026 (USD Million)
  7. Europe Bifocal Market By Region, From 2021 to 2026 (USD Million)
  8. Europe Orthokeratology Market By Region, From 2021 to 2026 (USD Million)
  9. Europe Toric Market By Region, From 2021 to 2026 (USD Million)
  10. U.K. Contact Lenses Market, By Material, From 2021 to 2026 (USD Million)
  11. U.K. Contact Lenses Market, By Application, From 2021 to 2026 (USD Million)
  12. U.K. Contact Lenses Market, By Design, From 2021 to 2026 (USD Million)
  13. Germany Contact Lenses Market, By Material, From 2021 to 2026 (USD Million)
  14. Germany Contact Lenses Market, By Application, From 2021 to 2026 (USD Million)
  15. Germany Contact Lenses Market, By Design, From 2021 to 2026 (USD Million)
  16. France Contact Lenses Market, By Material, From 2021 to 2026 (USD Million)
  17. France Contact Lenses Market, By Application, From 2021 to 2026 (USD Million)
  18. France Contact Lenses Market, By Design, From 2021 to 2026 (USD Million)
  19. Italy Contact Lenses Market, By Material, From 2021 to 2026 (USD Million)
  20. Italy Contact Lenses Market, By Application, From 2021 to 2026 (USD Million)
  21. Italy Contact Lenses Market, By Design, From 2021 to 2026 (USD Million)
  22. Spain Contact Lenses Market, By Material, From 2021 to 2026 (USD Million)
  23. Spain Contact Lenses Market, By Application, From 2021 to 2026 (USD Million)
  24. Spain Contact Lenses Market, By Design, From 2021 to 2026 (USD Million)

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