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Global Colored Contact Market to reach USD XX billion by the end of 2030

Global Colored Contact Market Size study & Forecast, by type (Visibility Tint, Enhancement Tint, Opaque Tint), by Distribution Channel (Optical Stores, Retail Pharmacies, Drugstores, E-commerce) and Regional Analysis, 2023-2030

Product Code: HLSMDE-85378734
Publish Date: 20-10-2023
Page: 200

Global Colored Contact Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The increasing prevalence of eye disorders is a significant factor driving the demand for lenses, including colored contact lenses. Additionally, consumers’ desire for natural vision and the aesthetic appeal associated with colored contact lenses contribute to their growing popularity. These lenses are now more affordable, enabling a wider range of individuals, including the middle class, to access them. Previously, colored contact lenses were predominantly used in the film and entertainment industry. However, there is now a rising demand for these lenses from the public due to their desired appearance and associated benefits. It is crucial for companies in the colored lens market to maintain quality standards to capitalize on this growing demand during the forecast period.

Market players are expanding their distribution channels by partnering with third-party platforms such as e-commerce websites, drug stores, and retail pharmacies. Colored contact lens vendors typically target customers between the ages of 18 and 40, with a particular focus on the younger generation. Overall, the rising incidence of eye disorders, the preference for natural vision, and the aesthetic value of colored contact lenses are driving the growth of the global colored contact lenses market. Affordable pricing and expanded distribution channels contribute to the market’s accessibility to a wider range of consumers. Moreover, growing eye disorders including myopia and improper focal length may offer lucrative growth opportunities for the market growth. Globally, there is a significant number of people, approximately 2.2 billion, who experience near or distant vision impairments. Alarmingly, nearly half of these cases, involving around 1 billion individuals, could have been prevented or have not yet been properly addressed.

Within this population, there are various causes of vision impairment. Among them, approximately 88.4 million people suffer from moderate or severe distance vision impairment or blindness due to unaddressed refractive error. Additionally, around 94 million individuals experience vision impairment caused by cataracts. Age-related macular degeneration affects approximately 8 million people, while glaucoma affects approximately 7.7 million people. Moreover, diabetic retinopathy contributes to vision impairment for around 3.9 million individuals. Lastly, near vision impairment resulting from unaddressed presbyopia affects a significant number of people, with an estimated 826 million individuals being affected.

The key regions considered for the Global Colored Contact Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is currently the dominant market for colored contact lenses, driven by a population that actively follows trends and seeks fashionable options. The region’s increasing per-person income has also contributed to the ability to spend on lenses, resulting in a higher demand for a wider variety of colored contact lenses. Following North America, Europe is expected to emerge as the second-largest market for colored contact lenses. The region is likely to see a growth in lens vendors due to favorable government support, rising public awareness about eye health, and increased funding by governments in the healthcare sector.

In the forecast period, the Asia Pacific region is anticipated to experience moderate to high demand for colored contact lenses. This is primarily due to the large youth population in the region, who are enthusiastic about fashion and personal appearance. Additionally, the region has witnessed an increase in the number of individuals facing eye-related issues, partly attributed to greater exposure to sunlight and prolonged use of smart devices. These factors contribute to the growing demand for colored contact lenses in the Asia Pacific region. Manufacturers and vendors are likely to capitalize on this market potential by offering a diverse range of colored contact lenses that cater to the preferences and needs of the youth population in the region.

Major market player included in this report are:
Johnson & Johnson Vision Care, Inc. (Acuvue)
Bausch + Lomb
Menicon Co., Ltd.
Ciba Vision (now part of Alcon)
NEO Vision
Geo Medical

Recent Developments in the Market:
Ø Johnson & Johnson has become the top manufacturer of contact lenses by introducing cutting-edge eye lenses such as multifocal fit for pupil size, intraocular lenses for digital world comfort, and personalised solutions for client comfort.
Global Colored Contact Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Visibility Tint
Enhancement Tint
Opaque Tint

By Distribution Channel:
Optical Stores
Retail Pharmacies

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Coloured Contact Lenses Market, by Region, 2020-2030 (USD Billion)
1.2.2. Coloured Contact Lenses Market, by Type, 2020-2030 (USD Billion)
1.2.3. Coloured Contact Lenses Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Coloured Contact Lenses Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Coloured Contact Lenses Market Dynamics
3.1. Coloured Contact Lenses Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising incidences of eye disorders Growing demand for cosmetic enhancements
3.1.2. Market Challenges Availability of counterfeit lens Allergic reaction associated with contact lenses.
3.1.3. Market Opportunities Increasing technological Advancements
Chapter 4. Global Coloured Contact Lenses Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Coloured Contact Lenses Market, by Type
5.1. Market Snapshot
5.2. Global Coloured Contact Lenses Market by Type, Performance – Potential Analysis
5.3. Global Coloured Contact Lenses Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Coloured Contact Lenses Market, Sub Segment Analysis
5.4.1. Visibility Tint
5.4.2. Enhancement Tint
5.4.3. Opaque Tint
Chapter 6. Global Coloured Contact Lenses Market, by Distribution Channel
6.1. Market Snapshot
6.2. Global Coloured Contact Lenses Market by Distribution Channel, Performance – Potential Analysis
6.3. Global Coloured Contact Lenses Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
6.4. Coloured Contact Lenses Market, Sub Segment Analysis
6.4.1. Optical Stores
6.4.2. Retail Pharmacies
6.4.3. Drugstores
6.4.4. E-commerce
Chapter 7. Global Coloured Contact Lenses Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Coloured Contact Lenses Market, Regional Market Snapshot
7.4. North America Coloured Contact Lenses Market
7.4.1. U.S. Coloured Contact Lenses Market Type breakdown estimates & forecasts, 2020-2030 Distribution Channel breakdown estimates & forecasts, 2020-2030 ijkl breakdown estimates & forecasts, 2020-2030 xyz breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Coloured Contact Lenses Market
7.5. Europe Coloured Contact Lenses Market Snapshot
7.5.1. U.K. Coloured Contact Lenses Market
7.5.2. Germany Coloured Contact Lenses Market
7.5.3. France Coloured Contact Lenses Market
7.5.4. Spain Coloured Contact Lenses Market
7.5.5. Italy Coloured Contact Lenses Market
7.5.6. Rest of Europe Coloured Contact Lenses Market
7.6. Asia-Pacific Coloured Contact Lenses Market Snapshot
7.6.1. China Coloured Contact Lenses Market
7.6.2. India Coloured Contact Lenses Market
7.6.3. Japan Coloured Contact Lenses Market
7.6.4. Australia Coloured Contact Lenses Market
7.6.5. South Korea Coloured Contact Lenses Market
7.6.6. Rest of Asia Pacific Coloured Contact Lenses Market
7.7. Latin America Coloured Contact Lenses Market Snapshot
7.7.1. Brazil Coloured Contact Lenses Market
7.7.2. Mexico Coloured Contact Lenses Market
7.8. Middle East & Africa Coloured Contact Lenses Market
7.8.1. Saudi Arabia Coloured Contact Lenses Market
7.8.2. South Africa Coloured Contact Lenses Market
7.8.3. Rest of Middle East & Africa Coloured Contact Lenses Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Alcon Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Johnson & Johnson Vision Care, Inc. (Acuvue)
8.3.3. Bausch + Lomb
8.3.4. CooperVision
8.3.5. Menicon Co., Ltd.
8.3.6. FreshKon
8.3.7. Ciba Vision (now part of Alcon)
8.3.8. NEO Vision
8.3.9. Geo Medical
8.3.10. TTDeye
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
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The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
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