The Contact Lenses Market size in North America is expected to be worth USD 6.37 billion by 2026 and USD 4.45 billion in 2021, growing at a CAGR of 7.45% from 2021 to 2026. Within North America, the Contact Lenses Market in the United States plays a significant role in the market.
Focus on the optics and optometry field development is undoubtedly a key driving factor for the market to grow. Contact lenses ensure effective visualization for people suffering from visual deficiencies. The rise in the number of people suffering from visual inaccuracies is accelerating the demand for the contact lenses market in North America. In addition, the increasing popularity of these lenses, which are accurate and convenient, people's interest in sports activities, and the lenses offering great visual clarity for the users are further elevating the growth of the North American contact lenses market.
However, fluctuations in productivity due to variations in the availability of the raw materials, the increasing availability of alternate options like laser treatment are some of the major challenging factors for the market. In addition, the lack of skilled people in manufacturing capable contact lenses with the latest technology and high costs due to its advanced features and manufacturing expenses are also inhibiting the growth rate of the North American contact lenses market to a limited extent.
This research report on the North American contact lenses market has been segmented & sub-segmented into the following categories:
By Material:
By Application:
By Design:
By Country:
Geographically, the United States contact lenses market held the largest market share in the North American market in 2020. Increasing demand for contact lenses and the well-developed infrastructure of the healthcare industry is majorly helping the market growth. The United States has many companies that attract consumers to the contact lenses market. US government encourages research and development facilities to rise innovation in Contact Lenses Market. Young & middle-aged consumers of the US are attributing the market growth. More than 30000 optometrists are practicing in the United States. Increasing awareness of different contact lenses surges the United States market. The adoption of advancement in contact lenses technology in the US-led the market growth.
The Canadian Contact Lenses Market is forecasted to witness a healthy CAGR during the forecast period. There is a massive market of contact lenses that exists in Canada. They provide lenses at a very cheap cost by their online providers. Big players in Canada provide lenses to the millions of people in North America. The younger generation is the biggest driver of this market because of the trending fashions and increasing incidence of myopia.
Recently, one study published in the journal Eye by Centre for Ocular Research & Education (CORE) and the Canadian National Institute for the blinds found rising rates of myopia among children aged 6 and 13. Contact lenses ordered from the online marketing sources in Canada shipped without any hidden fees, taxes. In Canada, significant drivers are the players in the market who attract their customers with substantial sale offers and exchanging offers for 365 days.
KEY MARKET PLAYERS:
A few of the leading companies in the North America 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 United States
6.3 Canada
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
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Apr 2021
