Australia Contact Lens Market By Material Type (Silicone Hydrogel, Hydrogel, Gas permeable, Others) By Design (Spherical, Toric, Multifocal, Others) By Wear Type (Disposable v/s Reusable) By Application (Corrective, Therapeutic, Cosmetic, Others) By Distribution Channel (Retail Stores, Hospitals & Clinics, Online), Region, Competition, Forecast & Opportunities, 2018-2028F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAustralia Contact Lens Market By Material Type (Silicone Hydrogel, Hydrogel, Gas permeable, Others) By Design (Spherical, Toric, Multifocal, Others) By Wear Type (Disposable v/s Reusable) By Application (Corrective, Therapeutic, Cosmetic, Others) By Distribution Channel (Retail Stores, Hospitals & Clinics, Online), Region, Competition, Forecast & Opportunities, 2018-2028F
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.
Contact lenses are used to treat the vision defects such as myopia, hypermetropia, astigmatism and presbyopia. Surge in occurrence of myopia and other ocular disorders is boosting the demand for contact lenses. There are different lenses found at designed to meet specific needs of patient and are called specialty lenses. For instance, 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. Growing e-commerce and customer’s demand for online shopping and convenient access to contact lens in less time and effective price will enhance the growth of market in forecast period.
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.
Technological advancements such as moisture seal technology, Centurian phacoemulsification technology, etc. Usage of artificial intelligence in contact lenses, increased the adoption of contact lens in Australia.
The side effects of contact lens are hampering the growth of market. The main side effects of wearing contact lens are red eye, dry eye, infection, corneal vascularization, eye ulcers, conjunctivitis, among others. Additionally, the lack of awareness regarding the usage and care of contact lens is also restricted the market.
Increased Incidences of Myopia
According to the World Health Organization, the prevalence of myopia will climb to 31.8 percent in 2030, 40 percent in 2040, and 48.1 percent in 2050 in Australia. The need for contact lenses is increasing as the number of people with refractive disorders rises.
Technological Advancements
For instance, Bausch + Lomb Ultra launched its Multifocal for Astigmatism (Bausch + Lomb) contact lens.
Additionally, research is being conducted to use contact lens as drug delivery system because contact lens directly touches the surface of eye and can provide medicine where it is required in the eye. Contact lens to monitor the health of eye is also launched in the market. In the health monitoring contact lens, the lens monitors the intraocular pressure for the patients at risk of glaucoma. All these factors will create lucrative opportunities for the market growth in the coming years.
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Market Segmentation
Australia Contact Lens market can be segmented by material type, by design, by wear type, by application, by distribution channel and by region. Based on material type, the market can be divided into Silicone Hydrogel, Hydrogel, Gas permeable, and Others. Based on design the market is divided into Spherical, Toric, Multifocal, and Others. Based on wear type the market is divided into Disposable v/s Reusable. Based on application the market split into Corrective, Therapeutic, Cosmetic, Others. Based on distribution channel the market is divided into Retail retailers, Hospitals & Clinics, and Online.
Market Players
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 products & services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Years considered for this report
Historical Years2018-2021
Base Year2022
Estimated Year2023
Forecast Period2024–2028
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
| 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. |
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