Content of the study

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MARKET OVERVIEW

1.1 Definition and scope of study

Contact lenses are medical devices that are placed on the eyes to correct vision problems of various kinds. Contact lenses are made up of 75% water and 25% hydrogel. The main types of contact lenses are: 

- Soft contact lenses: they are very thin and have a higher percentage of water

- Rigid/gas permeable contact lenses: are less flexible and have a smaller diameter

- Hybrid contact lenses: they are more performing in the correction of the visual problem and generally leave the eye very fresh by permeating a large amount of oxygen 

A further distinction that is made for contact lenses depends on the period of use. There are daily, monthly, six-monthly and yearly contact lenses. 

As for the global contact lens market in 2020 had come to be worth $7.84 billion. It is estimated to be worth $8.58 billion in 2021 and $12.56 billion in 2028, growing at a CAGR of 5.6%. This growth is attributable to more people suffering primarily from myopia and astigmatism. According to the International Myopia Institute report, 30% of the world's population is nearsighted and it is estimated that the percentages will become 50% by 2050. 

Regarding the market, according to a survey conducted by the company Johnson & Johnson Vision, 74% of people who have vision problems and use glasses are planning to try contact lenses in the next 12 months. Geographically, the majority of contact lens purchases occur in Northern Italy while Southern Italy has the lowest sales numbers.

For daily lenses one of the most used brands is DAILIES AquaComfort Plus, for bi-weekly Acuvue Oasys and for monthly Biofinity.

ANALYSIS OF THE DEMAND

MARKET STRUCTURE

ANALYSIS OF THE OFFER

REGULATION

POSITIONING OF THE ACTORS

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Reviews (3)

The Insulin Pump Market - France

Publicado en 11/01/2022 by Amaury Wernert

A very precise and detailed study of this market, driven by the strong growth of this disease in the world


Businesscoot Response:

Hello Amaury, Thank you for your feedback. We are happy to read that the content of the study has fully met your expectations. :)

The dental implant market - France

Publicado en 07/01/2022 by Denis Monnoyeur

The study highlights three trends: the dynamism of the market, the concentration of players and the practice of high prices.


Businesscoot Response:

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The Parapharmacy Market - France

Publicado en 07/01/2022 by Client anonyme - Ce client a souhaité rester anonyme

Clear and concise generic study. Well documented. However, I would have liked to see that the actors' files at the end of the report corresponded precisely to those stated in the report.


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