QYResearch Reviewed: In 2016, global capacity of Contact Lenses is nearly 17100 Million Unit
Contact Lenses (CLs) are lightweight corrective, cosmetic or therapeutic devices that are usually placed directly onto the cornea of the eye. Contact lenses have many benefits for wearers, including appearance and practicality. Many people choose to wear contact lenses as opposed to eyeglasses as they do not steam up, they provide a wider field of vision, and they are more suitable for a number of sporting activities.
According to QYResearch, In the last several years, global market of contact lenses developed rapidly, with an average growth rate of 6%. In 2016, global capacity of Contact Lenses is nearly 17100 Million Unit, and the actual production is about 15700 Million Unit.
USA is the largest supplier of Contact Lenses, with a production market share nearly 56% and sales market share nearly 33%. That is to say, there are a large number of exports in USA, while USA also is the largest consumption region.
The second place is Europe; following USA with the production market share of 19% and the sales market share over 26%. China is another important market of Contact Lenses, enjoying 8% production market share and 11% sales market share.
Market competition is intense. Johnson &Johnson Vision Care, Novartis, CooperVision, Bausch + Lomb, etc. are the leader of the industry, and hold key technologies and customers, have been formed in the monopoly position in the industry. However, with further expanding market, there will be more manufactures in the future.
There are some manufacturers in China, and product quality is uneven. The market is chaos and a market adjustment is expected in the future. In addition, there are some breakthroughs in research on Contact Lenses in China.
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