Cosmetic Contact Lens Market Report 2019–24 | Top Players Bausch + Lomb, Novartis, Johnson & Johnson, Ciba Vision, GrandVision NV, CooperVision, Valeant Pharmaceuticals
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.
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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.
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.
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.
What are the important points that the Cosmetic Contact Lens Market report covers with respect to the Product landscape?
• The report segments the Cosmetic Contact Lens Market into Coloured, Circle as per the Product spectrum.
• The market share that each of the Product segments account for in the industry currently, are provided in the report.
• The growth rate at which the Product categories will increase over the forecast period have been mentioned, in tandem with the target valuation that each of the sub-segments will accrue by the end of the projected period.
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Rigid gas permeable cosmetic contact lens market will observe CAGR over 6% from 2018 to 2024. These lenses are primarily produced from the plastic material that are combined with other suitable materials. High oxygen permeability through these lenses during outdoor activities are among the key benefits enhancing the business 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.
What are the important points that the Cosmetic Contact Lens Market report covers with respect to the Design landscape?
• The report segments the Cosmetic Contact Lens Market into Spherical, Toric, Bifocal & Multifocal as per the Design landscape.
• The market share that each of the Design types will account for in the industry are provided in the report.
• The growth rate which the Design segments will show over the forecast period in tandem with the valuation that each of the sub-segments will procure by the end of the projected period have been mentioned.
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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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