Germany Contact Lens Market to Grow with a CAGR of 7.57% through 2028
Technological advancements in lens materials and
designs are expected to drive the Germany Contact Lens Market growth in the
forecast period, 2024-2028.
According to TechSci Research report, “Contact Lens
Market – Germany Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Germany Contact Lens Market stood at USD 1.53 Billion in 2022 and is anticipated to grow with a CAGR of 7.53% in the forecast
period, 2024-2028. The primary driver of the contact lens market in Germany is
the increasing prevalence of vision problems, such as myopia (nearsightedness),
hyperopia (farsightedness), astigmatism, and presbyopia (age-related vision
changes). A large portion of the population depends on vision correction
methods, with many opting for contact lenses over traditional eyeglasses. The
demand for contact lenses continues to surge, driven by the need for effective
and convenient vision correction. Germany's contact lens market has seen a
significant surge in the use of contact lenses for cosmetic purposes. Colored
contact lenses, which can alter eye color or create striking visual effects,
have gained popularity among individuals seeking to enhance their appearance.
These lenses are often used in tandem with daily outfits, special occasions, or
costume play, contributing to the market's expansion. Advancements in contact
lens materials and manufacturing technologies have significantly improved
comfort and safety, which is a crucial driver of market growth. New materials,
such as silicone hydrogels, offer superior breathability and moisture retention,
making lenses more comfortable for long-term wear. Additionally, toric lenses
for astigmatism and multifocal lenses for presbyopia have become more
accessible and effective, meeting the specific needs of different consumers. The trend towards convenience and hygiene has driven
the demand for daily disposable contact lenses. Many consumers prefer these
lenses because they eliminate the need for cleaning and storage, reducing the
risk of eye infections and ensuring a fresh, comfortable experience with each
use. The German market has witnessed a growing acceptance of daily disposable
lenses, leading to a shift in consumer preferences.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Germany Contact Lens Market.”
E-commerce has transformed the way consumers purchase
contact lenses, with a notable increase in online sales. Online platforms offer
a wide range of choices, competitive prices, and the convenience of home
delivery, attracting tech-savvy consumers and making the purchasing process
more accessible. This trend has been further accelerated by the COVID-19
pandemic, as online shopping gained even more prominence due to social
distancing measures and lockdowns.
The Germany Contact Lens Market is segmented into Modality,
Design, Material Type, Application, By Distribution Channel, Regional Distribution, And
Company.
Based on the Modality, Stem Cell Therapies emerged as
the dominant segment in the Germany Contact Lens Market in 2022. Reusable
contact lenses are widely available, making them easily accessible to
consumers. They can be obtained from optometrists, ophthalmologists, and
various retail channels, ensuring that users have a broad range of choices and
sources to meet their vision correction needs. Reusable lenses
offer wearers the convenience of not having to remember to replace their lenses
daily. This modality suits those who prefer a routine involving consistent lens
wear. Reusable contact lenses are
generally more cost-effective in the long run compared to daily disposables.
Many consumers find that the upfront investment in a set of lenses and the need
for lens cleaning solutions are outweighed by the financial savings over time.
This affordability makes reusable lenses an attractive choice, especially for
those who require vision correction on a regular basis. Reusable lenses come in
various customizable options, including toric lenses for astigmatism correction
and multifocal lenses for presbyopia management. These options ensure that a
wide range of consumers can find lenses tailored to their specific vision
correction needs, promoting the continued popularity of reusable lenses.
Based on the Design, the Spherical segment emerged as
the dominant player in the Germany Contact Lens Market in 2022. Spherical
lenses are easier to fit and prescribe for eye care professionals. This
simplicity in fitting ensures a smoother and quicker experience for both
optometrists and patients, making them a preferred choice for many eye care
professionals. Advances in lens materials and design have significantly
improved the comfort and breathability of spherical lenses. Modern materials,
like silicone hydrogels, offer excellent oxygen permeability and moisture
retention, reducing the risk of dry eyes and discomfort. This comfort factor is
crucial in retaining and attracting users, further boosting the demand for
spherical lenses.Spherical lenses are versatile and can address the vision
correction needs of a broad consumer base. Myopia and hyperopia are prevalent
refractive errors in the population, and spherical lenses are well-suited to
correct these common conditions, making them an accessible and practical choice
for a large number of individuals. Spherical lenses are typically more
affordable than specialized designs, such as toric (for astigmatism) or
multifocal (for presbyopia) lenses. This affordability makes them an attractive
option for budget-conscious consumers who require straightforward vision
correction without the added costs associated with specialty lenses.
Based on the Material Type, the Silicone Hydrogel segment
emerged as the dominant player in the Germany Contact Lens Market in 2022.
Silicone
hydrogel lenses offer exceptional oxygen permeability, allowing more oxygen to
reach the cornea. This high oxygen transmissibility makes these lenses
incredibly comfortable to wear, even for extended periods. Improved oxygen flow
minimizes the risk of dry eyes and irritation, contributing to their
popularity. Silicone hydrogel lenses are designed for extended wear, making
them a preferred choice for those who wish to keep their lenses in for longer
periods, including overnight. The material's breathability ensures the cornea
remains healthy and well-hydrated, even during extended use. The superior
oxygen permeability of silicone hydrogel lenses reduces the risk of eye
infections, which can be a significant concern for contact lens wearers. This
safety advantage is a compelling reason for users to choose these lenses over
other materials.Modern silicone hydrogel materials are known for their
excellent moisture retention properties. This feature helps maintain comfortable
and hydrated eyes throughout the day, even in challenging environmental
conditions, like air-conditioned offices or dry outdoor settings. Users of
silicone hydrogel lenses often report less dryness and discomfort, especially
at the end of the day. This comfort factor is a crucial consideration for
consumers, as it significantly affects their satisfaction and willingness to
continue using contact lenses.
Western region emerged as the dominant player in the
Germany Contact Lens Market in 2022, holding the largest market share. Western
Germany is home to the country's most densely populated areas, including major
cities like Berlin, Hamburg, and the industrial centers of North
Rhine-Westphalia. With a higher population density, there are more potential
consumers in this region, contributing to greater demand for contact lenses.
Western Germany is characterized by higher levels of urbanization and a more urban-centric
lifestyle compared to other regions. Urban dwellers often have busier lives and
greater exposure to various factors that can lead to an increased preference
for contact lenses. These factors include the convenience of contact lenses for
those with active urban lifestyles. The Western region is an economic
powerhouse, home to many large corporations, financial institutions, and
diverse industries. The higher disposable income levels in this region enable a
larger segment of the population to afford contact lenses, which are perceived
as a premium vision correction option compared to traditional eyeglasses.
Major
companies operating in Germany Contact Lens Market are:
- Johnson & Johnson
- Alcon
Inc.
- CopperVision Inc.
- Bausch Health Companies Inc.
- Menicon Co., Ltd.
- EssilorLuxottica S.A.
- Carl Zeiss Meditec AG
- Hoya Corporation
- Seed Co., Ltd
- Contamac Holdings Limited
Download Free Sample Report
Customers can also request for 10%
free customization on this report.
“The Germany
contact lens market is poised for substantial growth in the coming years,
driven by a combination of evolving consumer preferences and advancements in
contact lens technology. Furthermore, the aging population in Germany is
expected to contribute significantly to the market's growth, as presbyopia
management becomes a key concern. The increasing focus on sustainable and
environmentally friendly contact lens materials is another driving force,
aligning with the growing environmental consciousness of consumers. The wide
availability of eye care professionals, robust healthcare infrastructure, and
education campaigns will also play a pivotal role in shaping the future of the
market..” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Germany Contact Lens Market Segmented By
Modality (Reusable, Disposable), By Design (Spherical, Toric, Multifocal, and
Others (Monovision, etc.)), By Material Type ((Silicone Hydrogel, Hydrogel, Gas
Permeable, and Others (Polymethyl Methacrylate (PMMA), Hybrid, etc.)), By
Application (Corrective, Therapeutic, Cosmetic, and Others (Prosthetic,
Orthokeratology, etc.)), By Distribution Channel (Retail Stores, Online,
Hospital & Clinics) Region and Competition, Opportunity, and Forecast,
2018-2028”, has evaluated the future growth potential of Germany Contact Lens Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Germany Contact Lens Market.
Contact
Techsci Research LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
Tel: +13322586602
Email: [email protected]
Website: www.techsciresearch.com