Contact Lenses Global Market Report 2022:
Smart Contact Lenses Emerge as Next Stop for Sophisticated Wearable Technology company Logo Global Market for Contact Lenses Global Market for Contact Lenses Dublin, Aug. 08, 2022 (GLOBE NEWSWIRE) -- The "Contact Lenses - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. Global Contact Lenses Market to Reach US$15.8 Billion by the Year 2026Growth in the global market is buoyed by growing awareness of the use of contact lenses to correct vision disorders, growing incidence of ophthalmic or vision related disorders, convenience, favorable demographics, and rapid penetration of high-value products. Awareness programs conducted in various developing countries are particularly expected to continue to boost demand for vision care devices, including contact lenses. Rapid expansion in wearer base with reducing age of contact lens users coupled with strong growth in specialty lens segment and advancements in material science continue to improve industry prospects. Growing demand for cosmetic lenses in emerging countries further aids market growth. Amid the COVID-19 crisis, the global market for Contact Lenses estimated at US$13 Billion in the year 2022, is projected to reach a revised size of US$15.8 Billion by 2026, growing at a CAGR of 5.5% over the analysis period. Direct-to Consumer, Subscription Services & Online Sales Gain TractionSubscription services comprise an upcoming model in the contact lenses market. The subscription model combines the convenience of delivery and payments by shipping contacts directly to the patient homes at regular intervals for a monthly subscription price.
The service includes quarterly, semi-annual, or annual contact lens deliveries and can also be combined with vision insurance benefits. One of the noteworthy trends in the eyewear industry over the recent years has been the rise of Internet and mail order as a highly potential channel for selling eyeglasses and contact lenses. Thanks to the growing popularity of E-commerce and Internet based sales transactions, the revenue inflow for eyeglasses and contact lenses from cyberspace is increasingly on the rise. Internet represents the fastest growing retail channel in the total prescription contact lens market. This paradigm shift in consumer purchasing habits is buoyed by the ongoing shift to disposable lenses which have a planned replacement regime ranging from daily to quarterly to annually.
This factor has played an important role in expanding the market for mail-order and online stores as these providers offer a quick and easy way to order and purchase lenses. Though contact lenses are treated as medical devices, consumers often forego ocular health exams while obtaining replacement lenses from online retailers. Story continues Key Players Bausch & Lomb Incorporated BenQ Materials Corp. HOYA Corporation Johnson & Johnson Vision Care, Inc. Menicon Co. Ltd. SEED Co. Ltd. Shanghai Haohai Biological Technology Co., Ltd. SynergEyes Inc. The Cooper Companies Inc. ZEISS International Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS As Sustainability Becomes a Global Agenda, Contact Lens Manufacturers Focus on Plastic Free Lenses New Contact Lens Technologies Go Beyond Vision Correction Contact Lenses Enter the Diagnosis Space Johnson & Johnson Vision Develops Contact Lenses to Tackle Eye Allergies Manufacturers Work towards Development of Lenses with Robust Antimicrobial Properties High-tech Contact Lenses to Redefine Market Landscape Smart Contact Lenses Emerge as Next Stop for Sophisticated Wearable Technology Potential Applications Lenses to Measure Eyeball Pressure Contact Lenses Worn During Sleep Lenses to Block Harmful UV Ray Telescopic Contact Lenses Advanced Contact Lenses to Monitor Glucose Levels Drug Delivery through Contact Lenses: An Emerging Area of Interest Innovation Trends in Contact Lenses Demand for Multifocal contact lenses on the Rise Online Exams for Vision: A New Route to Widen Reach Contact Lens with Switchable Capability to Address AMD Contact Lenses to Address Concerns over Excess Digital Device Usage Water Gradient Contact Lenses: A Novel Development Addressing the Contact Lens Discomfort Scleral GP Lenses Continue to Draw Opportunities led by Material Design Presbyopes:Another Opportunity Market for Scleral Contact Lenses Craze for Tints Opens New Avenues Manufacturers Gear up to Recycle Contact Lenses Safety of Contact Lenses: A Major Concern Competition on Rise from Advanced Vision Correction Technologies Pure-Play Retailers Challenge Independent Optometry Channels Rise in Online Stores Direct-to Consumer and Subscription Services Gain Traction Diversity in Contact Lens Purchasing Patterns Urbanization: A Megatrend with Significant Implications for Contact Lenses Market are:
III. MARKET ANALYSIS
IV. COMPETITION.
7 Of The Best Places To Order Contact Lenses Online
As a contact lens wearer for more than twenty years, I’ve tried a variety of different brands and versions as my prescription has slowly changed for the worse. After all this time, buying contact lenses still gives me sticker shock. I have also historically waited until I was dangerously low on my supply before reordering and needing to replenish my supply quickly, so fast shipping options have been critical. Many online retailers take the hassle out of ordering and reordering contacts, and they help you ... [+] save big. ILLUSTRATION: FORBES / PHOTO: RETAILER(S) Over time I’ve turned to online ordering options because they’re typically cheaper, and it’s often more convenient and faster than ordering through the optometrist. There are plenty of lens suppliers out there, but the best places to buy contacts online offer good prices and excellent variety, are easy to order from and have helpful customer service. Our list features top retailers with solid reputations who offer wide selections of contact lens brands from trusted manufacturers. In many cases, they take insurance, help you deal with an expired prescription and accommodate returns within a reasonable time cushion. Below you’ll find the best places to order contact lenses that will help you breathe easy—and see clearly—with just a few clicks on your keyboard. Best Place To Buy Contacts Online 1-800 Contacts: Convenience, Online Support And A Best Price Guarantee Shipping: Free standard shipping, plus expedited and one-day options | Return policy: Free exchanges and returns—with no time limit | Insurance accepted: Yes, accepts FSA and HSA One of the most well-known of the bunch, 1-800 Contacts makes ordering lenses online convenient and painless. First, you search for your brand on the easy-to-navigate site. Next, you digitally email or text your prescription, or they will contact your doctor directly to sort out the details. If you have an expired prescription, for a $20 fee—and in just ten minutes—you can take an eye exam through the app to update your prescription without having to take a trip to the ophthalmologist. The company price matches, offers free shipping, has free exchanges and returns, and they take vision insurance. You can even return opened boxes of contacts or return ones that are a decade old or older, which is basically unheard of. If you subscribe, you save 5% on orders, and you don’t have to worry about running out. I’m a longtime 1-800 Contacts user because it’s easy to submit a prescription, and they save my info so I can easily reorder when I need new lenses. I also like that the site sends me a polite nudge when I’m due to order, offers discounts when ordering multiple boxes and ships really quickly. forbes.com1800 Contacts Coupon Codes | 10% Off In August 2022 | Forbes Best For Using Insurance Contacts Direct: Helpful Insurance Benefits And Excellent Customer Service MOST POPULAR Shipping: Free standard shipping and store pickup, plus priority and express options | Return policy: Unopened boxes accepted for up to six months with shipping fee | Insurance accepted: Yes, accepts HSA and FSA If you’re someone with less-than-perfect vision, you’ll appreciate that Contacts Direct is about as consumer-friendly as a retailer can be. They offer discounts and conveniently highlight rebates. Reviewers love that they often send out coupon codes, price match and give 20% off to military members, first responders, nurses and teachers. They also accept most insurance, and their site makes it easy to understand your options for in- and out-of-network benefits. There’s the option to take an online vision assessment from home to renew your expired prescription for $30. Right now, you can get 20% off and free shipping with code MYCONTACTS. If your order isn’t a simple nearsighted or farsighted prescription, Contacts Direct offers a wide variety of specialized lenses, including colored contacts, multifocal and bifocal contacts, monovision and toric lenses. Best For Returns Discount Contacts: A Forgiving Timeline For Sending Back Contacts You No Longer Need Shipping: Free shipping on orders over $99 ($7 shipping if order is below $99), plus expedited and overnight options | Return policy: Free returns for up to 365 days from ship date | Insurance accepted: Out of network for some providers, accepts HSA and FSA A major plus for this company is its willingness to accept returns for a whole year, which is convenient if you’re one of those people who takes ages to get your act together and return things. It’s also helpful if your prescription changes mid-year and you’ve got boxes of expensive, unopened contacts you can’t use filling your bathroom shelves. Discounts, promos and coupon codes are another hallmark of this site. New customers receive 20% off with a promo code, and they will price match up to seven days after the purchase date. They also offer a totally free online vision test to renew your prescription from home (with some exceptions), which is a big plus. Best For Bifocal And Multifocal Lenses GlassesUSA.com: Specialized Lenses At Competitive Prices Shipping: Free standard shipping, plus expedited and express options, no overnight shipping | Return policy: Within 30 days if in original packaging | Insurance accepted: Yes, from several major providers, accepts FSA and HSA There’s nothing quite like that panicked feeling realizing you’re down to just a couple contact lenses and haven’t remembered to order new boxes. It always seems to happen just before a big trip or work presentation. But you’ll be back in business quickly with GlassesUSA.com’s wide variety of name brands and price match guarantee. (And of course, if you need frames too, they’re a great option.) New customers receive 25% off their first order, and you can choose the frequency that works best for you. Another factor to give you peace of mind with this site is its “excellent” rating on TrustPilot, where reviewers are notoriously difficult to please. One reviewer calls it “always great and trustworthy. When issues have come up they are there to make it right. Highly recommend.” Best For Colored Contacts Warby Parker: Affordable Contacts To Enhance Your Eye Color Shipping: Free standard shipping | Return policy: Free 30-day returns if in original, unopened box | Insurance accepted: Yes, but insurance orders are not available for discounts or promotion.
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