Contact Lenses Market: By Material (Gas Permeable, Silicone Hydrogel, Hybrid) Design (Spherical, Toric, Multifocal, Others), By Application (Corrective, Therapeutic, Cosmetic, Prosthetic, Lifestyle-oriented), By Distribution Channel (E-commerce, Eye Care Practitioners, Retail) By Usage (Daily Disposable, Disposable, Frequently Replacement, Traditional) and Geography  

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Contact Lenses Market is valued at USD 10,303.6 Million in 2022 and is poised to grow at a significant CAGR of 5.3% over 2023-2029. In optics and optometry, a large variety of research and development initiatives have been used to progress the technology. The introduction of dynamic soft contact lenses with improved technology has accelerated the expansion of the contact lens market. The use of contact lenses has increased due to increased product releases and developments. for example, In March 2019, Alcon Vision LLC introduced the AcrySof IQ PanOptix Trifocal IOL in the United States, which may be utilized for intermediate, distance, and close vision. Furthermore, the expanding trend in contact lens advancements with drug-delivery capabilities is projected to fuel market demand. Furthermore, increase knowledge of the advantages of detachable lenses over reusable lenses, such as avoiding the adverse effects of cleaning solutions, such as eye discoloration. Furthermore, the market's major companies are involved in generating awareness campaigns and launching innovative goods, both of which are expected to boost the growth of daily disposables. For instance, in January 2021, Precision1 for Astigmatism, a daily disposable silicone hydrogel (SiHy) lens developed for astigmatic patients in the United States, was presented by Alcon Vision LLC, an eye care product company. The worldwide contact lens market is seeing sales opportunities as the trend of participation in outdoor activities grows. These products are increasingly used for cosmetic and aesthetic purposes in addition to their traditional function as refractive lenses. As a result, the popularity of wearing contact lenses for decorative purposes is expected to increase market sales growth over the projection period. The product now has a new level of texture with small colored dots and lines due to technological advancements. To attract more customers, major firms are offering a variety of colors such as blue, hazel, green, violet, brown, grey, and amethyst. Globally, increased demand for improved eyeglasses goods among major consumers is fueling industry expansion over the anticipated period.

Contact Lenses Market Key Developments:

  • In January 2021, Alcon, the global leader in eye care dedicated to helping people see brilliantly, announced launch of DAILIES TOTAL for Astigmatism, the first and only Water Gradient contact lens for patients with astigmatism.

Contact Lenses Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.3%

Largest Market

North America

Fastest Growing Market

Asia-Pacific
Contact Lenses Market Dynamics Dynamics

Manufacturers of contact lenses supply wholesale and retail distributors and distribute their lenses through various channels. The rising number of active lens wearers, technological developments, and the invention of silicone hydrogel material for soft fabric lenses have all contributed to significant market expansion. Orthokeratology (Ortho K) is a recent technical innovation that involves wearing specially created overnight contact lenses to rearrange the anatomy of the eyes while sleeping to improve vision. However, problems such as the availability of alternative procedures and lens difficulties are anticipated to stifle market expansion.

Contact Lenses Market Segmentation

By Type
  • Soft Lens
  • Rigid Gas Permeable (RPG) Lens
  • Hybrid Lens
By Design
  • Spherical
  • Bifocal
  • Multifocal
  • Toric
By Usage
  • Daily Disposable
  • Weekly Disposable
  • Monthly Disposable
  • Annual Disposable
By Product
  • Corrective
  • Therapeutic
  • Cosmetic
  • Prosthetic

distribution channel

  • Hospitals
  • Ophthalmic diagnoses center
  • Others
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East Africa

Frequently Asked Questions

The contact lenses market is projected to expand at a CAGR of 5.3% during the forecast period.

Asia-Pacific is the fastest-growing region for contact lenses market

Alcon Laboratories, Abbott Medical Optics, CooperVision, Johnson & Johnson, Carl Zeiss

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
  1. Executive Summary
  2. Global Contact Lenses Market Introduction
    • Global Contact Lenses Market Taxonomy
    • Global Contact Lenses Market Definitions
      • Type
      • Design
      • Usage
      • Product
      • Distribution Channel
  1. Global Contact Lenses Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Contact Lenses Market Dynamic Factors - Impact Analysis
    • Global Contact Lenses Market Competition Landscape
    • Epidemiology
  2. Global Contact Lenses Market Analysis,2018-2022 and Forecast, 2023-2029
    • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market OpportunityAnalysis
  3. Global Contact Lenses Market, By Type, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Soft Lens
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Rigid Gas Permeable (RPG) Lens
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hybrid Lens
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Contact Lenses Market Forecast, By Design, 2018-2022 and Forecast, 2023-2029
    • Spherical
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Bifocal
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Multifocal
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Toric
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Contact Lenses Market Forecast, By Usage, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Daily Disposable
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Weekly Disposable
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Monthly Disposable
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Annual Disposable
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Contact Lenses Market Forecast, By Product, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Corrective
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Therapeutic
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cosmetic
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Prosthetic
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Contact Lenses Market Forecast, By Distribution Channel, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Hospitals
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Ophthalmic diagnoses center
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Contact Lenses Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Contact Lenses Market - Opportunity Analysis Index, By Type, By Design, By Usage, By Product, By Distribution Channel, and Region, 2023-2029
  2. North America Contact Lenses MarketAnalysis,2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Soft Lens
      • Rigid Gas Permeable (RPG) Lens
      • Hybrid Lens
    • Design Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Spherical
      • Bifocal
      • Multifocal
      • Toric
    • Usage Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Daily Disposable
      • Weekly Disposable
      • Monthly Disposable
      • Annual Disposable
    • Product Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Corrective
      • Therapeutic
      • Cosmetic
      • Prosthetic
    • Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ophthalmic diagnoses center
      • Others
    • Country Analysis 2018 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Contact Lenses Market - Opportunity Analysis Index, By Type, By Design, By Usage, By Product, By Distribution Channel, and Country, 2023-2029
    • North America Contact Lenses Market Dynamics Trends
  3. Europe Contact Lenses Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Soft Lens
      • Rigid Gas Permeable (RPG) Lens
      • Hybrid Lens
    • Design Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Spherical
      • Bifocal
      • Multifocal
      • Toric
    • Usage Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Daily Disposable
      • Weekly Disposable
      • Monthly Disposable
      • Annual Disposable
    • Product Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Corrective
      • Therapeutic
      • Cosmetic
      • Prosthetic
    • Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ophthalmic diagnoses center
      • Others
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Contact Lenses Market - Opportunity Analysis Index, By Type, By Design, By Usage, By Product, By Distribution Channel, and Country, 2023-2029
    • Europe Contact Lenses Market Dynamics Trends
  4. Asia-Pacific Contact Lenses Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Soft Lens
      • Rigid Gas Permeable (RPG) Lens
      • Hybrid Lens
    • Design Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Spherical
      • Bifocal
      • Multifocal
      • Toric
    • Usage Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Daily Disposable
      • Weekly Disposable
      • Monthly Disposable
      • Annual Disposable
    • Product Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Corrective
      • Therapeutic
      • Cosmetic
      • Prosthetic
    • Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ophthalmic diagnoses center
      • Others
    • Country Analysis2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Contact Lenses Market - Opportunity Analysis Index, By Type, By Design, By Usage, By Product, By Distribution Channel, and Country, 2023-2029
    • Asia-Pacific Contact Lenses Market Dynamics Trends
  5. Latin America Contact Lenses Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Soft Lens
      • Rigid Gas Permeable (RPG) Lens
      • Hybrid Lens
    • Design Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Spherical
      • Bifocal
      • Multifocal
      • Toric
    • Usage Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Daily Disposable
      • Weekly Disposable
      • Monthly Disposable
      • Annual Disposable
    • Product Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Corrective
      • Therapeutic
      • Cosmetic
      • Prosthetic
    • Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ophthalmic diagnoses center
      • Others
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Contact Lenses Market - Opportunity Analysis Index, By Type, By Design, By Usage, By Product, By Distribution Channel, and Country, 2023-2029
    • Latin America Contact Lenses Market Dynamics Trends
  6. Middle East and Africa Contact Lenses Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Soft Lens
      • Rigid Gas Permeable (RPG) Lens
      • Hybrid Lens
    • Design Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Spherical
      • Bifocal
      • Multifocal
      • Toric
    • Usage Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Daily Disposable
      • Weekly Disposable
      • Monthly Disposable
      • Annual Disposable
    • Product Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Corrective
      • Therapeutic
      • Cosmetic
      • Prosthetic
    • Distribution Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ophthalmic diagnoses center
      • Others
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Contact Lenses Market - Opportunity Analysis Index, By Type, By Design, By Usage, By Product, By Distribution Channel, and Country, 2023-2029
    • MEA Contact Lenses Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Alcon Laboratories (U.S)
      • Abbott Medical Optics (U.S)
      • CooperVision (U.S)
      • Bausch & Lomb (U.S)
      • CIBA Vision (U.S)
      • Hoya Corp (Japan)
      • Carl Zeiss (Germany)
      • Johnson & Johnson (U.S)
  1. Research Methodology
  2. Key Assumptions and Acronym
  • Alcon Laboratories (U.S)
  • Abbott Medical Optics (U.S)
  • CooperVision (U.S)
  • Bausch & Lomb (U.S)
  • CIBA Vision (U.S)
  • Hoya Corp (Japan)
  • Carl Zeiss (Germany)
  • Johnson & Johnson (U.S)

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