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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Contact Lenses Market Share by Region
The Asia Pacific accounts for a sizable share of the market for contact lenses, driven by increasing consumer spending on ophthalmic products, owing to the rising disposable income and growing awareness about advanced and upgraded ophthalmic solutions. The rising geriatric population in India, China, and Japan and the growing prevalence of vision impairment are likely to contribute to the increasing demand for contact lenses. Over the forecast period, the market is anticipated to be aided by the growing number of eye specialists and ophthalmologists in this region.
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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