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Global Ophthalmic Lens Market 2019-2023| Evolving Opportunities with Bausch Health & Essilor|Technavio

October 11, 2019
Global Ophthalmic Lens Market 2019-2023| Evolving Opportunities with Bausch Health & Essilor|Technavio
Global Ophthalmic Lens Market 2019-2023| Evolving Opportunities with Bausch Health & Essilor|Technavio

LONDON--(BUSINESS WIRE)--Oct 11, 2019--

 

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Technavio has announced its latest market research report titled global ophthalmic lens market 2019-2023. (Graphic: Business Wire)

The global ophthalmic lens market size is poised to grow by USD 13.15 billion during 2019-2023, according to a new report by Technavio, progressing at a CAGR of close to 5% during the forecast period. Request Free Sample Pages

Read the 130-page research report with TOC on “Ophthalmic Lens Market Analysis Report by product (spectacle lens, contact lens, and IOLs) and geography (Asia, Europe, North America, and ROW) 2019 - 2023”.

The market is driven by technological advances in ophthalmic lenses. Also, the increasing adoption of daily disposable contact lenses is anticipated to further boost the growth of the ophthalmic lens market.

The global ophthalmic lens market is witnessing continuous technological advances in terms of materials, designs, manufacturing methods, and solution formulations. These technological advances help eyeglass lenses and contact lenses in providing sharp image quality, improved contrast sensitivity, superior peripheral vision, and nominal glare at night. Vendors are also introducing customized HD eyeglass lenses called wavefront lenses. Even contact lenses have undergone improvements in terms of materials, lens design, and solution formulations. The adoption of 3D printing technology for manufacturing ophthalmic lenses is another major advancement, as this technology eliminates the multiple steps involved in traditional subtractive manufacturing technology. Thus, with such technological advances, the global ophthalmic lens market is expected to witness growth during the forecast period.

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Major Five Ophthalmic Lens Companies:

Bausch Health

Bausch Health offers contact lenses, intraocular lenses and other medical devices; surgical systems and devices; vitamin and mineral supplements; lens care products; prescription eye medications; and other consumer products for the eye health market. Some of the key offerings of the company include Bausch + Lomb ULTRA family, SofLens Daily Disposable, and PureVision2 contact lenses.

Essilor

Essilor manufactures and customizes a wide range of corrective lenses to meet customer requirements. It provides solutions for various vision disorders, including myopia, hyperopia, astigmatism, and presbyopia. The company’s key offerings in the ophthalmic lens market include VARILUX, Myopilux, and Eyezen.

HOYA Corporation

HOYA Corporation owns and operates businesses in various segments, including life care, information technology (IT), and others. Under its life care segment, the company offers healthcare and medical products such as eyeglass lenses, contact lenses, and IOL. It also manufactures medical endoscopes. The company’s product line in the ophthalmic lens category includes HOYA MultiView, Pleno (Toric), HOYA Hard / EX, HOYA Airy One Month contact lenses, and Eyeglass Lenses.

Johnson & Johnson Services, Inc.

Johnson & Johnson Services, Inc. has businesses in various segments, including consumer, medical devices, and pharmaceutical. The company offers various ophthalmic lenses including TECNIS Multifocal IOLs, TECNIS Symfony Toric IOL, ACUVUE OASYS, and 1-Day ACUVUE MOIST MULTIFOCAL.

Novartis AG

Novartis AG’s innovative medicines segment is organized into two global business units: Novartis oncology and Novartis pharmaceuticals. Novartis Pharmaceuticals consists of the global business franchises ophthalmology, neuroscience, immunology and dermatology, respiratory, cardio-metabolic, and established medicines. The company’s key offerings in the ophthalmic lens market include AcrySof IQ Monofocal IOL, AcrySof IQ Toric IOLs, and AIR OPTIX Contact Lenses.

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Ophthalmic Lens Product Outlook (Revenue, USD Million, 2019 - 2023)

Ophthalmic Lens Regional Outlook (Revenue, USD Million, 2019 - 2023)

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report

Related Reports on Healthcare are:

Ophthalmic Knives Market – Global Ophthalmic Knives Market by product (reusable and single-use ophthalmic knives) and geography (Asia, Europe, North America, and ROW).

Ophthalmology Devices Market – Global Ophthalmology Devices Market by product (vision care, ophthalmology surgical devices, and ophthalmology diagnostic devices), end-users (hospitals and clinics, ASCs and physicians’ offices, and optical retailers), and geography (Asia, Europe, North America, and ROW).

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

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KEYWORD:

INDUSTRY KEYWORD: HEALTH OPTICAL

SOURCE: Technavio Research

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PUB: 10/11/2019 06:00 AM/DISC: 10/11/2019 06:00 AM

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