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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Rising Popularity of Hybrid Contact Lenses to Bolster the Growth of the Contact Lenses Market
The hybrid segment accounts for a significant share of the market for contact lenses by type and is anticipated to witness considerable growth in the forecast period. Hybrid contact lenses present some distinct advantages such as the better facilitation of tear flow, lower apical clearance, and reduced fogging effect. These lenses enhance oxygen transmission and offer better comfort and stability. Additionally, hybrid contact lenses are gaining significant traction among those suffering from irregular cornea and astigmatism, thus aiding the contact lenses market.
Meanwhile, the gas permeable segment occupies a considerable share of the market, as it is known to provide sharper vision and allows the eyes to breathe better. Over the forecast period, the growing cases of near-sightedness among those who spend a considerable amount of time in front of screens are likely to provide a further impetus to the market growth.
Contact Lenses Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global contact lenses for market attained a value of approximately USD 14.78 billion.
The market is estimated to grow at a CAGR of 7.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 27.37 billion by 2032.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the rising disposable income, increasing number of ophthalmologists and eye-specialists, rising spending towards the ophthalmic products, and increasing therapeutic applications of contact lenses.
The key trends stimulating the market include the growing prevalence of eye disorders and the rising demand for contact lenses for cosmetic purposes.
The major segments based on materials of contact lenses considered in the market report are gas permeable, silicone hydrogel, and hybrid.
Spherical lens, toric lens, and multifocal lens, among others, are the different market segmentations based on design of contact lenses.
The significant applications of contact lenses are corrective, therapeutic, cosmetic, prosthetic, and lifestyle-oriented.
Eye care professionals, retail, and online are the major distribution channels of contact lenses in the market.
The major players in the market are Alcon Vision LLC, Bausch & Lomb, Incorporated, Johnson & Johnson Vision Care, Inc., CooperVision, Inc., Essilor International S.A., HOYA Vision Care, Carl Zeiss AG, Menicon Co., Ltd., UltraVision CLPL, TruForm Optics Inc., Valley Contax Inc., SynergEyes®, Inc., and Art Optical Contact Lens, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124