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Contact Lens Manufacturing: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Contact Lens Manufacturing Market Research Report | NAICS OD4155 | Jun 2016

Clear vision: New product development will support industry demand and revenue

IBISWorld’s Contact Lens Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
Annual Growth
Industry Threats & Opportunities
  • As disposable income increases, more consumers are able to afford premium products
  • Through acquisitions, the brand portfolios of the top players have become quite large
  • Little change to the industry’s infrastructure is expected in the immediate future
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Industry Analysis & Industry Trends

The Contact Lens industry has been performing well, with companies such as Bausch & Lomb, Cooper Vision and Ciba Vision continuing to research and develop new technologies. The fact that the industry managed to perform well during the recession indicates that this business generally thrives in most economic situations. Daily disposable contact lens dominate industry sales; however, silicone hydrogel lens have been a key revenue driver... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

According to IBISWorld estimates there are 86 contact lens manufacturing companies in the United States. However, the Contact Lens Manufacturing industry is dominated by a limited number of global pharmaceutical and medical device manufacturers. According to IBISWorld estimates, the top four players account for 93.1% of the industry's market share in 2016. The majority of other industry competitors are small manufacturers, which specialize in niche products and novel lenses for specific eye disorders. These companies lack the financial resource to compete with larger players and are commonly acquired by larger players when their lenses or ophthalmic products are successfully brought to market.

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Additional Insights for the Contact Lens Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Contact Lens Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Product quality and differentiation
  • Protection of intellectual property/copyrighting of output
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 20 to 64 and Number of people with private health insurance in the Contact Lens Manufacturing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Contact Lens Manufacturing Industry?

    This industry manufactures corrective, cosmetic or therapeutic lenses that are usually placed on the cornea of the eye. The care and maintenance products for these lenses are also included in this industry.

    Industry Products
    Single vision spherical lensesToric lensesMultifocal lensesOther lenses and products
    Industry Activities
    Producing contact lenses for corrective, cosmetic and therapeutic purposesProducing products for contact lens care and maintenanceProducing eyecare products

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of adults aged 20 to 64
  • Number of people with private health insurance
  • Trade-weighted index
  • Per capita disposable income
  • Current Performance
  • Products
  • Manufacturing trends
  • International trade
  • Chart: Revenue Growth
  • Industry Outlook
  • Steady development
  • Rising trade competition
  • Table: Contact Lens Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Contact Lens Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Glasses & Contacts Wholesaling
  • Eye Glasses & Contact Lens Stores
  • Optometrists
  • Key Selling Industries
  • Plastic & Resin Manufacturing
  • Printing, Paper, Food, Textile & Other Machinery Manufacturing
  • Products & Services
  • Single vision spherical lenses
  • Toric lenses
  • Other lenses and products
  • Multifocal lenses
  • Chart: Contact Lens Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Independent eye care professionals
  • Retail chains and mass merchandisers
  • Exports
  • Online retail or mail order
  • Chart: Major Market Segmentation for the Contact Lens Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Purchases
  • Wages
  • Profit
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Contact Lens Manufacturing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Contact Lens Manufacturing Industry
  • Industry Globalization
    Major Companies
    Johnson & Johnson
    Novartis AG
    Valeant Pharmaceuticals International Inc.
    Cooper Vision
  • Table: Johnson & Johnson - financial performance
  • Table: Novartis AG - financial performance
  • Table: Valeant Pharmaceuticals International Inc. - financial performance
  • Table: Cooper Vision - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Contact Lens Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Contact Lens Manufacturing Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Number of people with private health insurance (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Hydrogel Lenses, Or Soft Lenses
  • Contact lenses made of soft water-absorbing plastic that adheres closely and with minimal discomfort to the eye.
  • Rigid Gas Permeable (Rgp) Lenses, Or Hard Lenses
  • Contacts made of a firm, durable plastic that transmits oxygen, but does not contain water.
  • Silicone Hydrogel Contact Lenses
  • Advanced soft contact lenses that allow more oxygen to pass through the lens to the cornea than regular hydrogel lenses

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Contact Lens Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Contact Lens Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Contact Lens Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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