Australia contact lens market is expected to grow at a significant CAGR during the forecast period. Rise in geriatric population is the major driving factor for contact lenses market as with growing age their natural vision capabilities start to deteriorate gradually.

Surge in disposable income among the middle-class families is enabling them to afford quality treatment and increase their healthcare expenditure. Contact lenses are used to treat the vision defects comprising of myopia, hypermetropia, astigmatism and presbyopia. Surge in occurrence of myopia and other ocular disorders is boosting the demand for contact lenses. There are also lenses available designed to meet specific needs and are called specialty lenses. For example, scleral lenses which have large diameters are used in treatment of corneal irregularities.

With the rise in penetration of internet, there is increase in usage of electronic devices such as smart phones, tablets, laptops among others which is affecting the eye vision adversely. Growing preference for contact lenses over the prescription eyeglasses due to changing trends and beauty standards is accelerating the growth of the contact lenses market in Australia. Increase in health awareness and adoption of healthy lifestyle and exercises is contributing to high preference for contact lenses as use of spectacles during the physical exercise which cause discomfort and contact lenses provide solution for clear vision.

Australia contact lens market is segmented into material type, design, wear type, application, distribution channel, regional distribution, and company. Based on distribution channel, market can be further divided into retail stores, hospitals & clinics, and online. The retail segment is expected to dominate the contact lenses market for the forecast period, 2023-2027. High demand for cosmetic contact lenses and presence of large number of retail stories is driving the high demand for contact lenses in Australia. Surge in disposable income and increasing demand for disposable contact lenses is fostering the rise in contact lenses market.

The major players operating in the Australia contact lens market are CooperVision Australia, SAS ONE PTY LTD., Johnson & Johnson Australia, Alcon Laboratories (Australia) Pty Ltd., Capricornia Contact Lens Pty Ltd., Gelflex Australia, Bausch & Lomb (Australia) Pty Ltd, Menicon Australia Pty Ltd., ColourVUE Australia, Contact Lens Centre Australia, among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022

Forecast Period: 2023–2027

Objective of the Study:

  • To analyze the historical growth of the market size of Australia contact lens market from 2017 to 2020.
  • To estimate and forecast the market size of Australia contact lens market from 2021 to 2027 and growth rate until 2027.
  • To classify and forecast Australia contact lens market based on material type, design, wear type, application, distribution channel, regional distribution, and company.
  • To identify dominant region or segment in the Australia contact lens market.
  • To identify drivers and challenges for Australia contact lens market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Australia contact lens market.
  • To identify and analyze the profile of leading players operating in Australia contact lens market.
  • To identify key sustainable strategies adopted by market players in Australia contact lens market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of Australia contact lens market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Contact lens manufacturing companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to contact lens market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute

Details

Base Year

2021

Historical Years

2017 – 2020

Estimated Year

2022E

Forecast Period

2023F – 2027F

Quantitative Units

Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

  • Material Type
  • Design
  • Wear Type
  • Application
  • Distribution Channel

Region Scope

Australia Capital Territory & New South Wales, Northern Territory & Southern Australia, Western Australia, Queensland, Victoria & Tasmania

Key Companies Profiled

CooperVision Australia, SAS ONE PTY LTD., Johnson & Johnson Australia, Alcon Laboratories (Australia) Pty Ltd., Capricornia Contact Lens Pty Ltd., Gelflex Australia, Bausch & Lomb (Australia) Pty Ltd, Menicon Australia Pty Ltd., ColourVUE Australia, Contact Lens Centre Australia

Customization Scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Australia contact lens market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         Australia Contact Lens Market, By Material Type:

    • Silicone hydrogel
    • Hydrogel
    • Gas permeable
    • Others
  • Australia Contact Lens Market, By Design:
    • Spherical
    • Toric
    • Multifocal
    • Others
  • Australia Contact Lens Market, By Wear Type:
    • Disposable
    • Reusable
  • Australia Contact Lens Market, By Application:
    • Corrective
    • Therapeutic
    • Cosmetic
    • Others
  • Australia Contact Lens Market, By Distribution Channel:
    • Retail Stores
    • Hospitals & Clinics
    • Online
  • Australia Contact Lens Market, By Region:

o   Australia Capital Territory & New South Wales

o   Northern Territory & Southern Australia

o   Western Australia

o   Queensland

o   Victoria & Tasmania

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Australia contact lens market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Australia contact lens market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Australia Contact Lens Market

4.    Executive Summary

5.    Voice of Customer

6.    Australia Contact Lens Market Outlook

6.1.  Market Size & Forecast

6.1.1. By Value

6.2.  Market Share & Forecast

6.2.1. By Material Type (Silicone hydrogel, Hydrogel, Gas permeable, Others)

6.2.2. By Design (Spherical, Toric, Multifocal, Others)

6.2.3. By Wear Type (Disposable v/s Reusable)

6.2.4. By Application (Corrective, Therapeutic, Cosmetic, Others)

6.2.5. By Distribution Channel (Retail Stores, Hospitals & Clinics, Online)

6.2.6. By Region

6.2.7. By Company (2021)

6.3.  Product Market Map

7.    Australia Disposable Contact Lens Market Outlook

7.1.  Market Size & Forecast          

7.1.1. By Value

7.2.  Market Share & Forecast

7.2.1. By Material Type

7.2.2. By Design

7.2.3. By Wear Type

7.2.4. By Application

7.2.5. By Distribution Channel

8.    Australia Reusable Contact Lens Market Outlook

8.1.  Market Size & Forecast          

8.1.1. By Value

8.2.  Market Share & Forecast

8.2.1. By Material Type

8.2.2. By Design

8.2.3. By Wear Type

8.2.4. By Application

8.2.5. By Distribution Channel

9.    Market Dynamics

9.1.  Drivers

9.2.  Challenges

10.  Market Trends & Developments

11.  Policy & Regulatory Landscape

12.  Import-Export Analysis

13.  Australia Economic Profile

14.  Competitive Landscape

14.1.              Company Profiles

14.1.1.   CooperVision Australia

14.1.2.   SAS ONE PTY LTD.

14.1.3.   Johnson & Johnson Australia

14.1.4.   Alcon Laboratories (Australia) Pty Ltd.

14.1.5.   Capricornia Contact Lens Pty Ltd.

14.1.6.   Gelflex Australia

14.1.7.   Bausch & Lomb (Australia) Pty Ltd

14.1.8.   Menicon Australia Pty Ltd.

14.1.9.   ColourVUE Australia

14.1.10. Contact Lens Centre Australia

15.  Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]