Global Contact Lens Market was valued USD19.69 billion in 2022 and is predicted to grow at a CAGR of 6.09% in the forecast period Growth in the market can be ascribed to the rising prevalence of eye diseases among the population across the world. According to WHO, around 2.2 billion people have vision impairment or blindness, of whom at least 1 billion have vision impairment that could have been prevented or is yet to be addressed. The increasing prevalence of severe eye conditions such as presbyopia, glaucoma, etc, is resulting in increased demand for contact lenses.  Moreover, an estimated 64 million people globally have glaucoma, of which only 6.9 million (10.9%) are reported to have moderate or severe distance vision impairment or blindness resulting from more severe forms of the conditions worldwide.

Increased Demand for Silicone Hydrogel Contact Lenses

Researchers suggest that among all the contact lenses, almost 77% of contact lenses use Silicone hydrogel materials in the development of contact lenses. Silicone hydrogels contact lenses being soft contact lenses, offer high levels of oxygen transmissibility through the cornea in comparison to normal contact lenses. Moreover, the leading companies such as Bosch + Lomb launched its product INFUSE Silicone hydrogel series of daily disposable contact lenses. The silicone hydrogel are suggested as a solution by doctors or eye specialists to their patients suffering an eye allergy or lens allergy due to their previous lens usage.

Increasing Research & Developments in The Contact Lenses

The growing research & development in the contact lenses has led to the discovery of materials used to make contact lenses with additional features and functionality. Researchers have developed contact lenses enhanced with microfluidic technology for an efficient method of drug delivery. This technology thus offers non-invasive intraocular pressure monitoring in the eye and thereby is creating a huge demand in the contact lens market Additionally, leading companies are increasing their investments in the research & developments and thus are developing contact lenses with new advancements. For instance, Alcon, in 2021, launched TOTAL30 -a first and only monthly replacement contact lenses, which are designed with water gradient technology and are highly accepted in the US and Europe market, thereby these technology-based contact lenses are occupying a larger demand in the market and are anticipated to propel the market growth in the forecast period.

Increase In Influence of Cosmetic Industry for Contact Lenses

Several people are using contact lenses not only to correct vision but for enhancing eye color. The contact lenses are higher in demand as a fashion accessory in recent times as people are influenced by the fashion industry and influencers for using coloured contact lenses to enhance their eye colour and at times to match their outfits. Various leading companies such as CooperVision is manufacturing coloured contact lenses named under the series “Expressions”, available in multiple colours such as aqua, light blue, brown, dark blue, green, grey, and hazel to be wore as an everyday thing and are easily affordable to the customers in reasonable prices, thereby are higher in demand among the public. Furthermore, several companies such as Coopervision, Alcon, Bosch + Lomb, etc are manufacturing eye contact lenses which are approved by the FDA and thereby are considered safe if wore or tried under prescription , therefore making the coloured  lenses safe and thus increasing the usage among the population creating more market demand  and is anticipated to bolster market growth in the future.



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Market Segmentation

Global Contact Lens Market is segmented into modality type, design type, material type, application type, distribution channel, region and company. Based on the modality, the contact lens market is segmented into reusable and disposable contact lens. Based on the design, the market is fragmented into spherical, toric, multifocal and others. Based on the type of material, the market is segmented into silicone hydrogel, gas permeable, hydrogel and others. Depending on the application, the market is segmented into corrective, therapeutic, cosmetic and others. Based on the distribution channel, the contact lens market is fragmented among retail store, online and hospitals &clinics.


Recent Developments

In September 2022, Johnson & Johnson Vision Care, Inc. launched its recent contact lens- AACUVUE® OASYS MAX 1-DAY and ACUVUE OASYS MAX 1-Day Multifocal lenses for Presbyopia. With the increasing technology and digitalized lifestyles, the company has designed the product with a technology providing their installed TearStable Technology designed to maximize the tear-film stability with their lock in the eye moisture for the brilliant eye-comfort of the person wearing them.

Market Players

Johnson & Johnson., Alcon Inc., CooperVision Inc., Bausch Health Companies Inc., Menicon Co., Ltd., EssilorLuxottica S.A., Carl Zeiss Meditec AG, Hoya Corporation, Seed Co., Ltd, Contamac Holdings Limited, X-Cel Specialty Contacts, SynergEyes Inc., STAAR Surgical Company, Cleriovision, Inc., BenQ Materials Corp.  etc., are some of the leading players operating in the Global Contact Lens Market.

Attribute

Details

Market Size in 2022

USD 19.69 Billion

Market Size in 2028

USD 28.35 Billion

Growth Rate

6.09%

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2024-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Modality

By Design

By Material

By Application

By Distribution Channel

By Region

Regional scope

North America, Europe, Asia-Pacific, South America and Middle East & Africa.

Country scope

United States, Canada, Mexico, Germany, France, United Kingdom, Spain, Italy, Japan, China, India, South Korea, Australia, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE.

Key Companies Profiled

Johnson & Johnson., Alcon Inc., CooperVision Inc., Bausch Health Companies Inc., Menicon Co., Ltd., EssilorLuxottica S.A., Carl Zeiss Meditec AG, Hoya Corporation, Seed Co., Ltd, Contamac Holdings Limited, X-Cel Specialty Contacts, SynergEyes Inc., STAAR Surgical Company, Cleriovision, Inc., BenQ Materials Corp

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the Global Contact Lens Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

      ·         Global Contact Lens Market, By Modality:

o      Reusable

o      Disposable

      ·         Global Contact Lens Market, By Design:

·         Spherical

·         Toric

·         Multifocal

·         Others

      ·         Global Contact Lens Market, By Material Type: 

o      Silicone Hydrogel

o      Hydrogel

o      Gas Permeable

o      Others

      ·         Global Contact Lens Market, By Application:

·         Corrective

·         Therapeutic

·         Cosmetic

·         Others

      ·         Global Contact Lens Market, By Distribution Channel:

·         Retail Stores

·         Online

·         Hospital & Clinics

      ·         Global Contact Lens Market, By Region:

·         North America

·         Europe

·         Asia-pacific

·         South America

·         Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Contact Lens Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Clinical Trial Analysis

5.1.  Ongoing Clinical Trials

5.2.  Completed Clinical Trials

5.3.  Terminated Clinical Trials

5.4.  Breakdown of Pipeline, By Development Phase

5.5.  Breakdown of Pipeline, By Status

5.6.  Breakdown of Pipeline, By Study Application

5.7.  Breakdown of Pipeline, By Region

5.8.  Clinical Trials Heat Map

6.    Global Contact Lens Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Modality (Reusable, Disposable)

6.2.2.    By Design (Spherical, Toric, Multifocal, and Others)

6.2.3.    By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, and Others

6.2.4.    By Application (Corrective, Therapeutic, Cosmetic, and Others)

6.2.5.    By Distribution Channel (Retail Stores, Online, Hospital & Clinics)

6.2.6.    By Region

6.2.7.    By Company (2022)

6.3.  Market Map

7.    North America Contact Lens Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Modality (Reusable, Disposable)

7.2.2.    By Design (Spherical, Toric, Multifocal, and Others)

7.2.3.    By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, and Others

7.2.4.    By Application (Corrective, Therapeutic, Cosmetic, and Others)

7.2.5.    Distribution Channel (Retail Stores, Online, Hospital & Clinics)

7.2.6.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Contact Lens Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Modality

7.3.1.2.2.           By Design

7.3.1.2.3.           By Material Type

7.3.1.2.4.           By Application

7.3.1.2.5.           By Distribution Channel

7.3.2.    Canada Contact Lens Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Modality

7.3.2.2.2.           By Design

7.3.2.2.3.           By Material Type

7.3.2.2.4.           By Application

7.3.2.2.5.           By Distribution Channel

7.3.3.    Mexico Contact Lens Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Modality

7.3.3.2.2.           By Design

7.3.3.2.3.           By Material Type

7.3.3.2.4.           By Application

7.3.3.2.5.           By Distribution Channel

8.    Europe Contact Lens Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Modality (Reusable, Disposable)

8.2.2.    By Design (Spherical, Toric, Multifocal, and Others)

8.2.3.    By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, and Others

8.2.4.    By Application (Corrective, Therapeutic, Cosmetic, and Others)

8.2.5.    Distribution Channel (Retail Stores, Online, Hospital & Clinics)

8.2.6.    By Country

8.3.  Europe: Country Analysis

8.3.1.    France Contact Lens Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Modality

8.3.1.2.2.           By Design

8.3.1.2.3.           By Material Type

8.3.1.2.4.           By Application

8.3.1.2.5.           By Distribution Channel

8.3.2.    Germany Contact Lens Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Modality

8.3.2.2.2.           By Design

8.3.2.2.3.           By Material Type

8.3.2.2.4.           By Application

8.3.2.2.5.           By Distribution Channel

8.3.3.    United Kingdom Contact Lens Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Modality

8.3.3.2.2.           By Design

8.3.3.2.3.           By Material Type

8.3.3.2.4.           By Application

8.3.3.2.5.           By Distribution Channel

8.3.4.    Italy Contact Lens Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Modality

8.3.4.2.2.           By Design

8.3.4.2.3.           By Material Type

8.3.4.2.4.           By Application

8.3.4.2.5.           By Distribution Channel

8.3.5.    Spain Contact Lens Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Modality

8.3.5.2.2.           By Design

8.3.5.2.3.           By Material Type

8.3.5.2.4.           By Application

8.3.5.2.5.           By Distribution Channel

9.    Asia-Pacific Contact Lens Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Modality (Reusable, Disposable)

9.2.2.    By Design (Spherical, Toric, Multifocal, and Others)

9.2.3.    By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, and Others

9.2.4.    By Application (Corrective, Therapeutic, Cosmetic, and Others)

9.2.5.    Distribution Channel (Retail Stores, Online, Hospital & Clinics)

9.2.6.    By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.    China Contact Lens Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Modality

9.3.1.2.2.           By Design

9.3.1.2.3.           By Material Type

9.3.1.2.4.           By Application

9.3.1.2.5.           By Distribution Channel

9.3.2.    India Contact Lens Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Modality

9.3.2.2.2.           By Design

9.3.2.2.3.           By Material Type

9.3.2.2.4.           By Application

9.3.2.2.5.           By Distribution Channel

9.3.3.    Japan Contact Lens Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Modality

9.3.3.2.2.           By Design

9.3.3.2.3.           By Material Type

9.3.3.2.4.           By Application

9.3.3.2.5.           By Distribution Channel

9.3.4.    South Korea Contact Lens Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Modality

9.3.4.2.2.           By Design

9.3.4.2.3.           By Material Type

9.3.4.2.4.           By Application

9.3.4.2.5.           By Distribution Channel

9.3.5.    Australia Contact Lens Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Modality

9.3.5.2.2.           By Design

9.3.5.2.3.           By Material Type

9.3.5.2.4.           By Application

9.3.5.2.5.           By Distribution Channel

10. South America Contact Lens Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Modality (Reusable, Disposable)

10.2.2. By Design (Spherical, Toric, Multifocal, and Others)

10.2.3. By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, and Others

10.2.4. By Application (Corrective, Therapeutic, Cosmetic, and Others)

10.2.5. Distribution Channel (Retail Stores, Online, Hospital & Clinics)

10.2.6. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil Contact Lens Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Modality

10.3.1.2.2.         By Design

10.3.1.2.3.         By Material Type

10.3.1.2.4.         By Application

10.3.1.2.5.         By Distribution Channel

10.3.2. Argentina Contact Lens Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Modality

10.3.2.2.2.