Color Contact Lenses Market

Global Color Contact Lenses Market By Type (Visibility Tint, Enhancement Tint, Opaque Tint), By Application (With Vision Correction, Without Vision Correction) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: HC-70
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 51
  • No. Of Pages: 107
  • Format:
  • Pub. Date: 2019-11-12
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Market Outlook:

The global color contact lenses market was valued at USD 4,067.17 Million in 2019 and is projected to reach USD 8,670.44 Million by 2027, expanding around a CAGR of 9.9% during the forecast period. In terms of volume the color contact lenses market is anticipated to grow approximately by CAGR of 9.3% over the coming years. Contact lenses serves the need to improve the use of bulky spectacles, but also deliver the added advantage of improving one’s visual appeal. The growing modernizations in the production of colored contact lenses during the past period have steered to the use of several resources for producing colored contact lenses that serve numerous purposes. Contact lenses have been used to treat common eye illnesses, such as hypermetropia, myopia, astigmatism, presbyopia, and glaucoma.

Global Color Contact Lenses Market Key Takeaways

Market Dynamics
The major factors motivating the color contact lenses market consist of an increasing number of eye disorders, growing attractiveness of colored contact lenses over eyeglasses and the demand for well facial aesthetics between the entertainment industry and the youth.

Increasing demand for comfortable and soft color contact lens controls the sensible growth. Hydrogel has proved a hard motivation over the last few years due to its profits as related to another corresponding item. Some of the benefits are a low risk of eye infection and comfort for consumers.
 

Segmental Outlook

On the basis of type, the global Color Contact Lenses Market is segmented as visibility tint, enhancement tint, and opaque tint. The visibility tint segment is anticipated to expand at a CAGR around of 8.7% during the forecast period as these lenses are used primarily to help the individual have better vision during insertion and removal, or if lenses are taken out. The enhancement tint segment is estimated to hold 1/4th of share of the market in 2020 as these lenses are designed to enhance the regular eye color without converting the natural shade.

Global Color Contact Lenses Market By Type

Based on application, the market is segmented into with vision correction, without vision correction. With vision correction account for the major share as it is used to improve the appearance of a disfigured cornea, crystalline lens, iris, or sclera. Any part of the eye may become disfigured due to trauma, ocular disease, systemic health problems, or congenital defects. The color contact lenses with vision correction may also be used to disguise an enucleated eye, to patch an eye during vision therapy, to reduce glare or photophobia or to treat intractable binocular diplopia.
 

Definitions

By Application

With Vision Correction
With Vision Correction is a prosthetic contact lenses define as polymethylmethacrylate (PMMA) contact lenses, scleral contact lenses, rigid gas permeable (RGP) contact lenses or soft contact lenses. A prosthetic contact lens is a painted or tinted contact lens used to improve the appearance of a disfigured eye or to help correct the vision of a poorly functioning eye. The tinted contact lenses term is used for referring both type of contact lenses including prosthetic and cosmetic contact lenses.

Prosthetic contact lenses may be used to improve the appearance of a disfigured cornea, crystalline lens, iris, or sclera. Any part of the eye may become disfigured due to trauma, ocular disease, systemic health problems, or congenital defects. The color contact lenses with vision correction may also be used to disguise an enucleated eye, to patch an eye during vision therapy, to reduce glare or photophobia or to treat intractable binocular diplopia.

Without Vision Correction
Without Vision Correction is known as Cosmetic contact lenses, also called Plano or zero-power lenses generally used for fashion statement. But this specific fashion statement can have some serious health risks and disadvantages. The lenses have been bought by individuals without prescription at beach shops, boutiques, tattoo parlors and other unprofessional retail sellers. There have been many serious cases of youths who almost lost their vision as a result of inappropriate use of these lenses. Youths are major buying customers of these lenses. Though, many teens do not take necessary precautions with the lenses and that is why they develop eye problems.

Cosmetic lenses may be used to change or enriched an eye color for fun or ease of heterochromia congenital or acquired or simply for improved lenses handling purposes particularly for hypermetropes.

Global Color Contact Lenses Market By Application

Regional Outlook

In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is a promising region for the market. The region constituted approximately 37.2% share of the market in 2019. The market in the region is projected to expand at a CAGR around 8.9% during the forecast period due to the dense presence of customers of this product with high disposable income, increasing focus of players in development of color contact lenses, rise in government initiatives are some of the factors expected to boost the market growth on the region.

Global Color Contact Lenses Market By Region

Competitive Landscape

  • Key players in the market include Coopervision, Alcon (Ciba Vision), Bausch & Lomb, Menicon Johnson & Johnson, Carl Zeiss. These companies are considered manufacturers of Color Contact Lenses based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the Color Contact Lenses is added in the company’s capacity.
  • In 2018, Alcon launched new contact lenses to increased market segment of the company. As consumers ae interested to enhancing the eyes color company launches this contact lenses to create the image in the market.
  • In 2019, Bausch & Lomb expanded their business by adding biotrue which is daily disposable contact lenses. This action helps to increase the demand for the daily exposable contact lenses which is comfortable for the customers.

Global Color Contact Lenses Market By Manufacturer

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Color Contact Lenses Market
  • Historical, Current and Projected Market Size in terms of Value and volume
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Color Contact Lenses Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Color Contact Lenses Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Color Contact Lenses Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Color Contact Lenses Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Color Contact Lenses Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Color Contact Lenses Market Size & Forecast, 2017-2027
      4.5.1 Color Contact Lenses Market Size and Y-o-Y Growth
      4.5.2 Color Contact Lenses Market Absolute $ Opportunity
   4.6 Pricing Analysis & Forecast, By Type, 2017-2027
Chapter 5 Global Color Contact Lenses Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Color Contact Lenses Market Size & Volume Forecast By Type
      5.2.1 Visibility Tint
      5.2.2 Enhancement Tint
      5.2.3 Opaque Tint
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Color Contact Lenses Market Analysis and Forecast By Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Application
      6.1.2 Basis Point Share (BPS) Analysis By Application
      6.1.3 Absolute $ Opportunity Assessment By Application
   6.2 Color Contact Lenses Market Size & Volume Forecast By Application
      6.2.1 With Vision Correction
      6.2.2 Without Vision Correction
   6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Color Contact Lenses Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Color Contact Lenses Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Color Contact Lenses Analysis and Forecast
   9.1 Introduction
   9.2 North America Color Contact Lenses Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Color Contact Lenses Market Size & Volume Forecast By Type
      9.6.1 Visibility Tint
      9.6.2 Enhancement Tint
      9.6.3 Opaque Tint
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Color Contact Lenses Market Size & Volume Forecast By Application
      9.10.1 With Vision Correction
      9.10.2 Without Vision Correction
   9.11 Basis Point Share (BPS) Analysis By Application
   9.12 Absolute $ Opportunity Assessment By Application
   9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Color Contact Lenses Analysis and Forecast
   10.1 Introduction
   10.2 Europe Color Contact Lenses Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Color Contact Lenses Market Size & Volume Forecast By Type
      10.6.1 Visibility Tint
      10.6.2 Enhancement Tint
      10.6.3 Opaque Tint
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Color Contact Lenses Market Size & Volume Forecast By Application
      10.10.1 With Vision Correction
      10.10.2 Without Vision Correction
   10.11 Basis Point Share (BPS) Analysis By Application
   10.12 Absolute $ Opportunity Assessment By Application
   10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Color Contact Lenses Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Color Contact Lenses Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Color Contact Lenses Market Size & Volume Forecast By Type
      11.6.1 Visibility Tint
      11.6.2 Enhancement Tint
      11.6.3 Opaque Tint
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Color Contact Lenses Market Size & Volume Forecast By Application
      11.10.1 With Vision Correction
      11.10.2 Without Vision Correction
   11.11 Basis Point Share (BPS) Analysis By Application
   11.12 Absolute $ Opportunity Assessment By Application
   11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Color Contact Lenses Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Color Contact Lenses Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Color Contact Lenses Market Size & Volume Forecast By Type
      12.6.1 Visibility Tint
      12.6.2 Enhancement Tint
      12.6.3 Opaque Tint
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Color Contact Lenses Market Size & Volume Forecast By Application
      12.10.1 With Vision Correction
      12.10.2 Without Vision Correction
   12.11 Basis Point Share (BPS) Analysis By Application
   12.12 Absolute $ Opportunity Assessment By Application
   12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Color Contact Lenses Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Color Contact Lenses Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Color Contact Lenses Market Size & Volume Forecast By Type
      13.6.1 Visibility Tint
      13.6.2 Enhancement Tint
      13.6.3 Opaque Tint
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Color Contact Lenses Market Size & Volume Forecast By

            Application
      13.10.1 with Vision Correction
      13.10.2 without Vision Correction
   13.11 Basis Point Share (BPS) Analysis By Application
   13.12 Absolute $ Opportunity Assessment By Application
   13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
   14.1 Color Contact Lenses Market: Competitive Dashboard
   14.2 Global Color Contact Lenses Market: Market Share Analysis, 2019

   14.3 Global Color Contact Lenses Market: Pricing Analysis, by Manufacturer 2019
   14.4 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.4.1 Coopervision
      14.4.2 Alcon (Ciba Vision)
      14.4.3 Bausch & Lomb
      14.4.4 Menicon
      14.4.5 Johnson & Johnson
      14.4.6 Carl Zeiss
Key Segments Covered
By Type
  • Visibility Tint
  • Enhancement Tint
  • Opaque Tint
By Application
  • With Vision Correction
  • Without Vision Correction
By Region
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Poland
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of MEA

Key Market Players Profiled in the Report
  • Coopervision
  • Alcon (Ciba Vision)
  • Bausch & Lomb
  • Menicon
  • Johnson & Johnson
  • Carl Zeiss

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers volume details of products.

According to this Growth Market Reports report, the market from color contact lenses is likely to register a CAGR of approximately 9.9% during forecast period 2020-2027, with an anticipated valuation of USD 8,670.44 million by the end of the 2027.

In addition to market size (in US$ Million) and Company Market Share (in % for base year 2019), other data such as color contact lenses price by manufacturers, type, application (estimated), macro-economic factors are provided, is available in final report.

Growth in number of people with eye disorders, increasing acceptance of silicone hydrogel contact lenses, and gaining popularity of contact lenses over spectacles are key factors driving the color contact lenses market growth.

With vision correction are the key end-user that are driving the color contact lenses market.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to decline between 2019 and 2020 owing to the slight impact of COVID-19 pandemic on the color contact lenses market. The ongoing research of color contact lenses for COVID-19 string is expected to decrease the production color contact lenses product.

The base year considered for the global color contact lenses market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2021 to 2027.

Major Manufactures include, Coopervision, Alcon (Ciba Vision), Bausch & Lomb, Menicon Johnson & Johnson, Carl Zeiss.