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HEALTHCARE & PHARMACEUTICAL

Brazil Ophthalmic Lenses Market Segmentation by Type (Spectacle Lenses, and Contact Lenses); by Material (Plastic, Polycarbonate, Trivex, High-Index, and Others); by Lens Type (Single Focus Lens, Bi-Focal Lens, Tri-Focal Lenses, and Progressive Lenses); by Usage (Prescription Glass, and OTC Reading Glass); by Application (Corrective, Therapeutic and Prosthetic); and by Distribution Channel {Online, and Offline (Hospitals & pecialty Stores)} – Demand Analysis & Opportunity Outlook 2019-2028

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Extensive insights into the Growth of Brazil Ophthalmic Lenses Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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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

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. CLICK TO DOWNLOAD SAMPLE REPORT

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 Companies Dominating the Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the Brazil ophthalmic lenses market that are included in our report are HOYA VISION CARE COMPANY, SynergEyes, Carl Zeiss AG, Johnson & Johnson Vision Care, Inc., Alcon Vision LLC, Bausch & Lomb Incorporated, Sky Optical LLC (Solotica Brazil), HTK LENTES OFTALMICAS SA, and others.

Key Reasons to Buy Our Report

  • The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
  • It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
  • The report includes detailed company profiles of the major players dominating the market.
  • We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
  • We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

 

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Brazil Ophthalmic Lenses Market TOC

  1. Introduction
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
    1. Research Process
    2. Primary Research
    3. Secondary Research
    4. Market Size Estimation
  4. Analyst Review
  5. Executive Summary - Brazil Ophthalmic Lenses Market
  6. Regulatory & Standards Landscape
  7. Analysis of Market Dynamics
    1. Growth Drivers
  8. Market Trends
  9. Major Roadblocks for The Market Growth
  10. 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
  11. Average Pricing Analysis
  12. 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
  13. 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
  14. List of Chinese Suppliers in the Market
  15. Product Portfolio Comparative Analysis
  16. Competitive Structure
  17. Brazil Ophthalmic Lenses Market Outlook
    1. By Value, 2019-2028 (USD Million)
  18. 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
  19. 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)
  20. 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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