Press release
Cosmetic Contact Lens Market to witness 6.5% CAGR by 2024 | Global Key Player; Novartis, CooperVision, Johnson & Johnson, Ciba Vision, Bausch & Lomb
Cosmetic Contact Lens Market
Circle cosmetic contact lens market was valued at over USD 600 million in 2017. The product is used as a decorative lens that enlarges the eye size of the consumer. Increasing product demand in Japan, South Korea, and China owing to the high prevalence of manga & anime trends among youth will augment cosmetic contact lens market growth.
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Shifting consumer fashion trends towards adoption of colored contact lenses will promulgate the industry growth. Upsurge in the popularity of products equipped with desirable customization & various attractive shades, textures, and colors for enhancement of eye appearance will propel the industry landscape. Substantial increase in the prevalence of online media, entertainment, and social media platforms will significantly drive the cosmetic contact lens market share from 2018 to 2024.
Inclining consumer preferences towards eye color enhancement for improving overall appearance particularly in the fashion industry will be an impetus for the cosmetic contact lens market growth. Decorative contact lenses provide significant fashion style due to the addition of distinctive visual features. High usage of colored cosmetic lenses among the potential consumers including models, movie stars, and sports athletes will boost the product portfolio.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. CooperVision
2. Johnson & Johnson Vision Care
3. CIBA Vision
4. Bausch & Lomb
5. GrandVision
6. InnoVision Co Ltd
7. Novartis
8. QualiMed
9. Viewell Inc.
10. Lagado Corp.
11. Metro Optics.
12. Maxvue Vision
13. SEED
14. Jilin Realcon Contact Lens Co., Ltd.
15. Beijing Realcon Optical Lens Co., Ltd.
16. Guangzhou Winis Import & Export Co., Ltd.
17. Gansu KangShida Technologies Group Co., Ltd.
18. Wuhan Web Science&Technology Development
19. CONTECH KOREA.CO., LTD.
20. UNISON CORP.
21. Geo Medical
22. VOCOL
23. DREAMCON
24. M.I Contact Co., Ltd.
25. Horien Contact Lens Co., Ltd.
26. Vision Science Co., Ltd.
27. LENSMAM CO, LTD
28. Envoyvision Co., Ltd.
29. UGS (Unisun Thechnologies)
30. Aquilus Lens International Pte Ltd
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Rapid technological advancements and increasing R&D investments by the potential manufacturers will drive the cosmetic contact lens market. Key features such as tiny colored lines and dots in various contact lenses will enhance the business growth. Wide color range availaibility such as hazel, blue, green, brown, violet, amethyst, and grey will further surge the industry growth.
Europe cosmetic contact lens market accounted for over USD 160 million in 2017. This can be credited to the prevalence of apparel & fashion sector in Germany, France and UK. Major fashion hub for movie actors, singers, and models coupled with a significant music videos influence will stimulate cosmetic contact lens market growth. Shifting consumer trends towards fashion consciousness among young owing to the maintaining of social status will fuel the overall business expansion across the region.
Asia Pacific cosmetic contact lens market is anticipated to witness growth at over 6% from 2018 to 2024. High product adoption rate in Japan, South Korea, and China owing to the high student population will propel the industry landscape. Increasing spherical cosmetic contact lens demand will be an impetus for the business expansion. Surging product penetration in the entertainment industry will drive the regional growth.
- Cosmetic Contact Lenses Market By Distribution Channel
o Optical stores
o Independent Brand Showrooms
o Online Stores
o Retail Stores
o Others
- Cosmetic Contact Lenses Market By Design
o Spherical
o Toric
o Bifocal and Multifocal
o Others
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Key players in cosmetic contact lens market includes Novartis, Johnson and Johnson, Ciba Vision, Cooper Vision, Bausch & Lomb (Valeant Pharmaceuticals). Other prominent companies include InnoVision, Grand Vision, Qualimed, Metro Optics, and Lagado Corporation. Mergers and acquisitions along with significant joint ventures & strategic alliances are among the key strategies that will proliferate the product portfolio.
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