Contact lenses registered growth of 6% in volume terms and 4% in current value terms in 2015. It was largely driven by the positive performance of disposable lenses, as disposable lenses accounted for 91% of total contact lenses. Disposable lenses (combined sales of daily and weekly/monthly disposable lenses) grew by 5% in current value terms in 2015. Not only are disposable lenses available in many different brands and prescription types but they are preferred by users due to their convenience and comfort as options for vision correction.
Competitive Landscape
The contact lenses market in the US is very consolidated, as global leading players such as Johnson & Johnson Vision Care Inc, Alcon Laboratories Inc, Bausch & Lomb Inc and CooperVision Inc accounted for 99% of total contact lenses value sales in the US in 2014. These players have built a strong presence by covering multiple subcategories from disposable lenses to traditional and extended wear lenses.
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Industry Prospects
Demand for contact lenses is expected to remain positive over the forecast period. The US population will be even more exposed to digital technology. The young generation who are in the process of vision development will likely spend more time in front of televisions, video games, computers and mobile phone screens, which will increase the risk of vision problems occurring. Furthermore, the expected rise in the number of middle-aged to senior consumers in the US will increase the need for vision correction aids, including contact lenses, to treat presbyopia in the long run over the forecast period.
Report Overview
Discover the latest market trends and uncover sources of future market growth for the Contact Lenses industry in USA with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Contact Lenses industry in USA, our research will save you time and money while empowering you to make informed, profitable decisions.
The Contact Lenses in USA market research report includes:
* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
* In which markets are daily disposables more popular than monthly and extended wear?
* Is coloured, toric, spherical or multifocal the dominant type of contact lens in USA?
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"Contact Lenses in the US" is now available at Fast Market Research
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Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001