Brazil Ophthalmic Lenses Market, Future Growth and Highlights Over 2019

Brazil Ophthalmic Lenses Market TOC

Introduction
1. Market Definition
2. Market Segmentation
3. Product Overview
Assumptions and Acronyms
Research Methodology
1. Research Process
2. Primary Research
3. Secondary Research
4. Market Size Estimation
Analyst Review
Executive Summary - Brazil Ophthalmic Lenses Market
Regulatory & Standards Landscape
Analysis of Market Dynamics
1. Growth Drivers
Market Trends
Major Roadblocks for The Market Growth
Key Market Opportunities
1. Type Based
2. Material Based
3. Lens Type Based
4. Coating Type Based
5. Application Based
6. Distribution Channel Based
7. Technology Based
8. Geography Based
Average Pricing Analysis
Impact of Covid-19 on the Ophthalmic Lenses Market
1. Impact on Supply Chain
2. Impact on The Distribution Channel
3. Impact on Overall Price Trend
4. Impact on Demand
5. Impact on Revenue Generation of Key Players
Regional Analysis of Ophthalmic Lenses Ecosystem
1. Brazil
  1. Leading Manufacturers in Ophthalmic Lenses Market
  2. Technology Advancements
  3. Supply Chain Analysis
  4. Regulatory Landscape
List of Chinese Suppliers in the Market
Product Portfolio Comparative Analysis
Competitive Structure
Brazil Ophthalmic Lenses Market Outlook
1. By Value, 2019-2028 (USD Million)
Brazil Ophthalmic Lenses Market Segmentation Analysis, 2019-2028
1. By Type
  1. Spectacle Lens, 2019-2028F (USD Million)
  2. Contact Lens, 2019-2028F (USD Million)
2. Competitive Analysis
3. Market Dynamics
  1. Drivers
  2. Restraints
  3. Opportunities
  4. Trends
4. Covid-19 Impact Analysis
  1. Market Value & Growth (Quarterly Market Analysis, 2020–2023)
  2. Competitive Strategy Analysis
  3. Impact on Demand
  4. Impact on Revenue of Existing Companies
  5. Impact on New Entrants
Ophthalmic Lenses Market Segmentation for Spectacle Lens
1. By Material
  1. Plastic, 2019-2028F (USD Million)
  2. Polycarbonate, 2019-2028F (USD Million)
  3. Trivex, 2019-2028F (USD Million)
  4. High Index, 2019-2028F (USD Million)
  5. Others, 2019-2028F (USD Million)
2. Competitive Analysis
3. Market Dynamics
  1. Drivers
  2. Restraints
  3. Opportunities
  4. Trends
4. Competitive Analysis
5. By Lens Type
  1. Single Focus Lenses, 2019-2028F (USD Million)
  2. Bifocal Lenses, 2019-2028F (USD Million)
  3. Trifocal Lenses, 2019-2028F (USD Million)
  4. Progressive Lenses, 2019-2028F (USD Million)
6. By Usage
  1. Prescription Glass, 2019-2028F (USD Million)
  2. OTC Reading Glass, 2019-2028F (USD Million)
7. By Distribution Channel
  1. Online, 2019-2028F (USD Million)
  2. Offline, 2019-2028F (USD Million)
    1. Hospitals & Clinics, 2019-2028F (USD Million)
    2. Retail Stores, 2019-2028F (USD Million)
    3. Specialty Stores, 2019-2028F (USD Million)
Ophthalmic Lenses Market Segmentation for Contact Lens
1. By Material
  1. Plastic, 2019-2028F (USD Million)
  2. Polycarbonate, 2019-2028F (USD Million)
  3. Trivex, 2019-2028F (USD Million)
  4. High Index, 2019-2028F (USD Million)
  5. Others, 2019-2028F (USD Million)
2. Competitive Analysis
3. Market Dynamics
  1. Drivers
  2. Restraints
  3. Opportunities
  4. Trends
4. By Lens Type
  1. Single Focus Lenses, 2019-2028F (USD Million)
  2. Bifocal Lenses, 2019-2028F (USD Million)
  3. Trifocal Lenses, 2019-2028F (USD Million)
  4. Progressive Lenses, 2019-2028F (USD Million)
5. By Application
  1. Corrective, 2019-2028F (USD Million)
  2. Therapeutic, 2019-2028F (USD Million)
  3. Cosmetic, 2019-2028F (USD Million)
  4. Prosthetic, 2019-2028F (USD Million)
6. By Distribution Channel
  1. Online, 2019-2028F (USD Million)
  2. Offline, 2019-2028F (USD Million)
    1. Hospitals & Clinics, 2019-2028F (USD Million)
    2. Retail Stores, 2019-2028F (USD Million)
    3. Specialty Stores, 2019-2028F (USD Million)

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Despite Inflation & Recession News, Businesses Across the Globe Expected to Do Better in 2023

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

In The News

April 22, 2021: Carl Zeiss AG announced the launch of an antireflective coating with antibacterial and antiviral properties, named ZEISS DuraVision AntiVirus Platinum UV, which is available for ZEISS plastic lenses. The product was launched by Carl Zeiss as an effort to fight against the COVID-19 pandemic.
June 9, 2021: Johnson & Johnson Vision Care, Inc. announced that in the 2021 BCLA virtual conference, it would showcase its new contact lens innovation, ACUVUE OASYS MULTIFOCAL with PUPIL OPTIMISED DESIGN and other clinical research data.

Brazil Ophthalmic Lenses Market Highlights Over 2019 - 2028

The Brazil ophthalmic lenses market garnered a revenue of USD 3303.90 Million in the year 2019, and is further anticipated to reach USD 3575.60 Million by the end of 2028 by growing with a CAGR of 3.2% during the forecast period, i.e., 2021-2028. The growth of the market in the region can be attributed to the growing prevalence of refractive errors amongst individuals, such as myopia, hyperopia, presbyopia, and others, along with the growing aging population, and the recent advancements in ophthalmic technologies.

Brazil-Ophthalmic-Lenses-Market

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In Brazil, the aging population is growing at a significant pace. According to the statistics by the World Bank, the population aged 65 and above as a share of total population in the country, increased from 6.821% in 2010 to 9.252% in 2019. With the growing age, there is a rising concern for the prevalence of diseases, which is anticipated to contribute to the market growth. Some of the most common vision disorders, such as myopia, hyperopia, and presbyopia among others, require professional diagnosis and treatment. Medical practitioners provide ophthalmic lenses to treat these disorders, which is driving the demand for high quality lenses. The rising prevalence of such vision disorders among people is also anticipated to drive the market growth during the forecast period. Furthermore, rising research and development in ophthalmic technologies, which has given birth to different types of progressive lenses and contact lenses, as well as advanced ophthalmology equipment for the diagnosis of vision related problems, is also anticipated to create opportunities for market growth.

Population-Aged-65-and-Above

Growth Drivers and Challenges Impacting the Growth of the Brazil Ophthalmic Lenses Market

Growth Drivers

Growing Prevalence of Vision Disorders
Increasing Geriatric Population
Rising Advancements in Ophthalmic Technologies

Challenges

High Cost of Ophthalmic Lenses

Brazil Ophthalmic Lenses Market Segmentation Synopsis

The Brazil ophthalmic lenses market is segmented by type into spectacle lenses and contact lenses. Amongst these segments, the spectacle lenses segment is anticipated to hold the largest share of the market throughout the forecast period. Alternatively, the contact lenses segment is anticipated to grow with the highest CAGR of 4.8% during the forecast period. Spectacle lenses are usually worn to correct refractive errors. These are usually priced low when compared to contact lenses and can be used for a variety of vision disorders unlike that of contact lenses. Growing number of individuals with vision disorders, is one of the major factors which is driving the need for vision treatment, and therefore the demand for spectacles. Based on material for spectacle lenses, the plastic segment is anticipated to gain the largest revenue of USD 1435.60 Million by the end of 2028. Further, on the basis of lens type for contact lenses, the single focus lenses segment is projected to grab the largest revenue of USD 162.6 Million by the end of 2028. Additionally, based on usage for spectacle lenses, the prescription glass segment is anticipated to hold the largest market share and further grow with a CAGR of 3.1% during the forecast period. The market is also segmented based on application for contact lenses into corrective, therapeutic, cosmetic, and prosthetic, out of which, the corrective segment is anticipated to gain the largest share of the market and attain the largest market revenue of USD 285.4 Million by the end of 2028. Based on distribution channel for spectacle lenses, the online segment is anticipated to grow with the largest CAGR of 4.4% during the forecast period.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the brazil ophthalmic lenses market?

Ans: The growing prevalence of vision disorders, and the increasing geriatric population, are some of the major factors anticipated to drive the market growth during the forecast period.

2) What would be the CAGR of brazil ophthalmic lenses market over the forecast period?

Ans: The market is anticipated to attain a CAGR of 3.2% over the forecast period, i.e., 2021-2028.

3) What are the challenges affecting the brazil ophthalmic lenses market growth?

Ans: The high cost of ophthalmic lenses is one of the major factors estimated to hamper the market growth.

5) Who are the major players dominating the brazil ophthalmic lenses market?

Ans: The major players in the market are HOYA VISION CARE COMPANY, SynergEyes, Carl Zeiss AG, Johnson & Johnson Vision Care, Inc., Alcon Vision LLC, Bausch & Lomb Incorporated, HTK LENTES OFTALMICAS SA, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the Brazil ophthalmic lenses market?

Ans: The market is segmented by type, material, lens type, usage, application, and by distribution channel.

8) Which segment captures the largest market size in type segment in the Brazil ophthalmic lenses market?

Ans: The spectacle lenses segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

Brazil Ophthalmic Lenses Market