Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 21.67 Billion

CAGR (2024-2029)

7.45%

Fastest Growing Segment

Reusable Contact Lenses

Largest Market

North America

Market Overview

Global Contact Lenses Market has valued at USD 21.67 Billion in 2023 and is anticipated to project impressive growth in the forecast period with a CAGR of 7.45% through 2029. The contact lenses market is experiencing robust growth driven by a confluence of factors. Technological advancements, including innovative materials and design improvements, enhance comfort and address specific vision issues. With an aging population and increasing prevalence of vision disorders, there is a growing demand for corrective measures, propelling the market forward. Changing lifestyles, a surge in fashion and cosmetic use, and the convenience of online retailing contribute to heightened consumer awareness and adoption. The impact of COVID-19, emphasizing the practicality of contact lenses in mask-wearing scenarios, further accelerates market expansion. As disposable incomes rise, insurance coverage increases, and education efforts persist, the contact lenses market continues to evolve, presenting opportunities for manufacturers to meet diverse consumer needs in the ever-expanding vision correction landscape.

Key Market Drivers

Increasing Incidence of Vision Disorders

The increasing incidence of vision disorders is a significant driver of the global contact lenses market. With a rising prevalence of conditions such as myopia and presbyopia, there is a growing demand for effective vision correction solutions. Contact lenses offer a practical and convenient alternative to traditional eyeglasses, appealing to individuals seeking unobstructed vision without compromising aesthetics. As the population ages, the occurrence of age-related vision issues becomes more pronounced, further boosting the demand for contact lenses, particularly multifocal and bifocal lenses designed to address specific visual impairments.

The contact lens industry benefits from ongoing research and development, introducing advanced materials and designs that enhance comfort and cater to a broader range of vision needs. The adaptability of contact lenses to correct various refractive errors positions them as a versatile solution, contributing to their increased adoption globally. Moreover, heightened awareness among consumers about the benefits of contact lenses, coupled with the convenience of online access, reinforces the market's growth trajectory. As the prevalence of vision disorders continues to rise, the contact lenses market remains poised for sustained expansion, offering an essential and evolving solution to the growing global demand for effective vision correction.

Technological Advancements

Technological advancements play a pivotal role in propelling the growth of the global contact lenses market. Continuous innovation in materials and design has led to the development of high-performance lenses that significantly improve wearer comfort and address specific vision issues. Silicone hydrogels, for instance, have revolutionized contact lens materials by providing enhanced breathability, moisture retention, and oxygen permeability, contributing to extended wear times and overall satisfaction.

The evolution of lens designs is another critical aspect of technological progress. Advancements in toric lenses for astigmatism and multifocal lenses for presbyopia cater to a broader spectrum of visual needs, expanding the market's reach to a more diverse consumer base. These innovations not only improve the effectiveness of vision correction but also enhance the overall user experience.

Furthermore, technological breakthroughs have facilitated the development of smart contact lenses that integrate electronic components for purposes like monitoring intraocular pressure or even augmented reality applications. These futuristic advancements not only address vision correction needs but also open new avenues for the industry, making contact lenses more than just a corrective device.

As technology continues to drive improvements in comfort, performance, and functionality, the global contact lenses market is positioned for sustained growth, meeting the evolving demands and preferences of consumers seeking advanced and convenient vision correction solutions.

Changing Lifestyles

Changing lifestyles are significantly influencing the growth of the global contact lenses market as consumer preferences shift towards convenience, aesthetics, and active living. The desire for a dynamic lifestyle without the hindrance of eyeglasses has fueled the adoption of contact lenses. Contact lenses provide users with freedom of movement, unrestricted peripheral vision, and an absence of frames, aligning with the preferences of individuals engaged in sports, fitness, or other physical activities.

Moreover, the cosmetic appeal of contact lenses is a key factor driving market growth. As fashion trends evolve, contact lenses offer users the option to change eye colors or enhance natural eye features, attracting a younger demographic seeking customizable and trendy vision solutions.

Changing work environments, especially those involving prolonged use of digital screens, contribute to discomfort associated with eyeglasses, further promoting the use of contact lenses. The shift towards remote work and increased screen time has accentuated the importance of comfortable and convenient vision correction methods, with contact lenses emerging as a preferred choice.

 

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Key Market Challenges

Competition from Alternative Vision Correction Methods

Competition from alternative vision correction methods, particularly laser eye surgery, poses a notable challenge to the contact lenses market. Laser eye surgery, such as LASIK (Laser-Assisted In Situ Keratomileusis), offers a permanent solution to refractive errors like myopia, hyperopia, and astigmatism. Unlike contact lenses that require regular replacements and maintenance, laser eye surgery can provide lasting vision correction, eliminating the need for external aids.

The appeal of a one-time, permanent solution attracts individuals seeking long-term convenience and freedom from daily lens wear. While contact lenses offer flexibility and cosmetic options, the prospect of eliminating the need for any corrective devices altogether remains a compelling factor for many consumers. Additionally, advancements in laser eye surgery technology have improved safety and reduced recovery times, enhancing its attractiveness.

Health and Hygiene Education

Health and hygiene education represents a critical challenge for the contact lenses market. Ensuring proper hygiene practices among users is imperative to prevent complications such as eye infections and discomfort. Users must be educated on the importance of maintaining cleanliness during lens insertion and removal, proper storage, and adherence to recommended replacement schedules. Lack of awareness or non-compliance with hygiene guidelines can lead to serious eye health issues.

Healthcare professionals and manufacturers face the task of disseminating clear and accessible information globally, especially in regions with diverse cultural and educational backgrounds. Tailoring educational initiatives to various demographics becomes crucial to addressing specific concerns and habits related to lens care. Language barriers and limited access to eye care professionals in certain regions may impede effective communication.

Moreover, continuous advancements in lens materials and designs may require updated educational efforts to inform users about new features and best practices. Overcoming these challenges demands collaborative efforts between healthcare providers, manufacturers, and regulatory bodies to establish standardized and comprehensive health and hygiene guidelines. Only through robust education initiatives can the contact lenses market ensure the safe and optimal usage of their products, promoting eye health and sustaining consumer confidence in the long term.

Key Market Trends

Smart Contact Lenses

Smart contact lenses, a groundbreaking trend in the contact lenses industry, represent a convergence of healthcare and technology. Clinical trials focused on smart contact lenses are exploring their potential to revolutionize health monitoring. These lenses are embedded with miniature sensors capable of collecting real-time data from the eye, providing invaluable insights into various health parameters. One prominent application is the monitoring of glucose levels for individuals with diabetes. Through continuous monitoring without the need for invasive procedures, smart contact lenses offer a potential paradigm shift in diabetes management.

Moreover, these lenses can be designed to monitor intraocular pressure, a critical factor in conditions like glaucoma. The data collected by smart contact lenses can be wirelessly transmitted to external devices or smartphones, enabling both individuals and healthcare professionals to track health metrics conveniently. As clinical trials progress, the integration of additional functionalities, such as measuring biomarkers or detecting signs of diseases, is being explored.

While still in the experimental stage, smart contact lenses hold the promise of transforming not only vision correction but also the way we monitor and manage various health conditions, contributing to a new era of personalized and continuous healthcare monitoring.

Drug-Eluting Contact Lenses

Clinical trials exploring drug-eluting contact lenses represent a significant trend in the contact lenses industry, aiming to revolutionize ocular therapeutics. These specialized lenses are designed to release therapeutic drugs directly into the eye, offering a targeted and controlled approach for treating various ocular conditions. The trials focus on addressing conditions such as glaucoma and dry eye syndrome, where precise medication delivery is crucial for effective management.

The drug-eluting contact lenses have the potential to enhance patient compliance and reduce the burden of frequent eye drops or systemic medications. By providing a sustained release of medications, these lenses can ensure a more consistent therapeutic effect, leading to improved patient outcomes.

Researchers are investigating the optimal composition of these drug-eluting lenses, considering factors such as biocompatibility, release kinetics, and stability of the incorporated drugs. The trials assess the safety, efficacy, and long-term effects of these lenses, ensuring that they meet regulatory standards and are suitable for widespread clinical use.

This trend aligns with the broader movement towards personalized medicine, where treatments are tailored to individual patient needs. Drug-eluting contact lenses represent a promising avenue for advancing ocular therapeutics, offering a convenient and patient-friendly approach to manage various eye conditions with enhanced precision and effectiveness.

Segmental Insights

Modality Insights

The dominance of reusable contact lenses in the global market is attributed to several factors, making them a preferred choice for many consumers. Reusable lenses are designed for extended use, typically lasting for several months before replacement. One of the primary reasons for their dominance is cost-effectiveness, as they offer a more economical option compared to daily disposable lenses. Reusable contact lenses are perceived as environmentally friendly, generating less waste compared to daily disposables. This aligns with the increasing global focus on sustainability, influencing consumer choices towards products with a lower environmental impact. Moreover, the versatility of reusable lenses allows for correction of a wide range of vision issues, including astigmatism and presbyopia, making them suitable for a diverse consumer base. Their longer replacement cycle also appeals to individuals who may not want the daily commitment and cost associated with disposables. Advancements in lens materials and design have enhanced the comfort and breathability of reusable lenses, addressing concerns that may have historically favoured daily disposables.

Design Insights

The dominance of the spherical design in the global contact lenses market is influenced by several compelling factors that cater to most vision correction needs. Firstly, spherical lenses are designed to correct common refractive errors, such as myopia (near-sightedness) and hyperopia (farsightedness), making them suitable for a large segment of the population. Ease of manufacturing and affordability contributes significantly to the widespread adoption of spherical lenses. Their uniform curvature simplifies the production process, leading to cost-effective manufacturing and subsequently more accessible pricing for consumers. Furthermore, the simplicity and familiarity of the spherical design make them a popular choice among both new and experienced contact lens wearers. The design's consistent shape ensures straightforward fitting procedures, making them easier for eye care professionals to prescribe and for users to adapt to. Spherical lenses are also versatile, available in various materials and wearing modalities, including daily, bi-weekly, and monthly options. This adaptability allows users to choose lenses that align with their preferences and lifestyles.


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Regional Insights

North America's dominance in the global contact lenses market can be attributed to several key factors. Firstly, the region benefits from a well-established and advanced healthcare infrastructure, providing easy access to eye care professionals and fostering a culture of regular eye examinations, consequently driving the demand for contact lenses. The high prevalence of vision-related issues, coupled with a strong emphasis on aesthetic considerations, contributes to a robust market for contact lenses in North America. The region's population, particularly in the United States and Canada, exhibits a high level of awareness about the benefits of contact lenses for vision correction and cosmetic purposes.

Moreover, a relatively higher disposable income in North America allows consumers to afford premium or specialized contact lenses, boosting the market for advanced and innovative products. The presence of major players and a competitive landscape in the eyewear industry, including contact lenses, further strengthens North America's position as a dominant market. Technological advancements and a preference for convenience and comfort also drive market growth, as consumers in North America often seek the latest innovations in lens materials and designs.

Recent Developments

  • In 2023, CooperVision, a global leader in eye care, partnered with Ocumetra to sponsor mEYE Guide, a tool designed to help eye care professionals (ECPs) have more effective conversations with parents about childhood myopia. This partnership with Ocumetra complements the company's investment in evidence-based myopia control interventions, such as MiSight 1 day. MiSight 1 day is the first and only FDA-approved contact lens to slow the progression of myopia (nearsightedness) in children. It is a daily disposable lens that is made with a special material that helps to slow the growth of the eye.
  • In March 2023, CooperVision launched its new innovative contact lenses “MyDay Energys” across the United States. The company MyDay Energys’s range includes MyDay® sphere, MyDay® toric, and MyDay® multifocal contact lenses. The MyDay energy utilizes DigitalBoost™ & Aquaform® Technologies to provide ultimate comfort to the patient eyes dealing with digital technologies. The DigitalBoost design specially provides power boost to offer ease and release strain on eye muscles of the wearer while looking at the screen. It also includes built-in UV blocking (UVA and UVB rays).


Key Market Players

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

 

 

By Modality

By Design

 

By Material Type

By Application

By Distribution Channel

By Region

 

  • Reusable
  • Disposable
  • SphericalToric
  • Multifocal
  • Others
  • Silicone Hydrogel
  • Hydrogel
  • Gas Permeable
  • Others
  • Corrective
  • Therapeutic
  • Cosmetic
  • Others
  • Retail Stores
  • Online
  • Hospital & Clinics
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

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

  • Contact Lenses Market, By Modality:

o   Reusable

o   Disposable

  • Contact Lenses Market, By Design:

o   Spherical

o   Toric

o   Multifocal

o   Others

  • Contact Lenses Market, By Material Type:

o   Silicone Hydrogel

o   Hydrogel

o   Gas Permeable

o   Others

  • Contact Lenses Market, By Application:

o   Corrective

o   Therapeutic

o   Cosmetic

o   Others

  • Contact Lenses Market, By Distribution Channel:

o   Retail Stores

o   Online

o   Hospital & Clinics

  • Contact Lenses Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Contact Lenses Market.

Available Customizations:

Global Contact Lenses market report with the given market data, Tech Sci 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).

Global Contact Lenses Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

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 & Validations

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.    Impact of COVID-19 on Global Contact Lenses Market

5.    Voice of Customers

6.    Clinical Trial Analysis

7.    Global Contact Lenses 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 (Monovision, etc.)

7.2.3.    By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, and Others (Polymethyl Methacrylate (PMMA), Hybrid, etc.)

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

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

7.2.6.    By Region

7.2.7.    By Company (2023)

7.3.  Market Map

8.    North America Contact Lenses Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Modality

8.2.2.    By Design

8.2.3.    By Material Type

8.2.4.    By Application

8.2.5.    By Distribution Channel

8.2.6.    By Country

8.3.  North America: Country Analysis

8.3.1.    United States Contact Lenses 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.    Canada Contact Lenses 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.    Mexico Contact Lenses 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

9.    Europe Contact Lenses Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Modality

9.2.2.    By Design

9.2.3.    By Material Type

9.2.4.    By Application

9.2.5.    By Distribution Channel

9.2.6.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany Contact Lenses 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.    United Kingdom Contact Lenses 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.    Italy Contact Lenses Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecasty

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.    France Contact Lenses 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.    Spain Contact Lenses 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. Asia-Pacific Contact Lenses Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Modality

10.2.2. By Design

10.2.3. By Material Type

10.2.4. By Application

10.2.5. By Distribution Channel

10.2.6. By Country

10.3.             Asia-Pacific: Country Analysis

10.3.1. China Contact Lenses 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. India Contact Lenses 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.         By Design

10.3.2.2.3.         By Material Type

10.3.2.2.4.         By Application

10.3.2.2.5.         By Distribution Channel

10.3.3. Japan Contact Lenses Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Modality

10.3.3.2.2.         By Design

10.3.3.2.3.         By Material Type

10.3.3.2.4.         By Application

10.3.3.2.5.         By Distribution Channel

10.3.4. South Korea Contact Lenses Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Modality

10.3.4.2.2.         By Design

10.3.4.2.3.         By Material Type

10.3.4.2.4.         By Application

10.3.4.2.5.         By Distribution Channel

10.3.5. Australia Contact Lenses Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Modality

10.3.5.2.2.         By Design

10.3.5.2.3.         By Material Type

10.3.5.2.4.         By Application

10.3.5.2.5.         By Distribution Channel

11. South America Contact Lenses Market Outlook

11.1.             Market Size & Forecast        

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Modality

11.2.2. By Design

11.2.3. By Material Type

11.2.4. By Application

11.2.5. By Distribution Channel

11.2.6. By Country

11.3.             South America: Country Analysis

11.3.1. Brazil Contact Lenses Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Modality

11.3.1.2.2.         By Design

11.3.1.2.3.         By Material Type

11.3.1.2.4.         By Application

11.3.1.2.5.         By Distribution Channel

11.3.2. Argentina Contact Lenses Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Modality

11.3.2.2.2.         By Design

11.3.2.2.3.         By Material Type

11.3.2.2.4.         By Application

11.3.2.2.5.         By Distribution Channel

11.3.3. Colombia Contact Lenses Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Modality

11.3.3.2.2.         By Design

11.3.3.2.3.         By Material Type

11.3.3.2.4.         By Application

11.3.3.2.5.         By Distribution Channel

12. Middle East and Africa Contact Lenses Market Outlook

12.1.             Market Size & Forecast        

12.1.1. By Value

12.2.             Market Share & Forecast

12.2.1. By Modality

12.2.2. By Design

12.2.3. By Material Type

12.2.4. By Application

12.2.5. By Distribution Channel

12.2.6. By Country

12.3.             MEA: Country Analysis

12.3.1. South Africa Contact Lenses Market Outlook

12.3.1.1.     Market Size & Forecast

12.3.1.1.1.         By Value

12.3.1.2.     Market Share & Forecast

12.3.1.2.1.         By Modality

12.3.1.2.2.         By Design

12.3.1.2.3.         By Material Type

12.3.1.2.4.         By Application

12.3.1.2.5.         By Distribution Channel

12.3.2. Saudi Arabia Contact Lenses Market Outlook

12.3.2.1.     Market Size & Forecast

12.3.2.1.1.         By Value

12.3.2.2.     Market Share & Forecast

12.3.2.2.1.         By Modality

12.3.2.2.2.         By Design

12.3.2.2.3.         By Material Type

12.3.2.2.4.         By Application

12.3.2.2.5.         By Distribution Channel

12.3.3. UAE Contact Lenses Market Outlook

12.3.3.1.     Market Size & Forecast

12.3.3.1.1.         By Value

12.3.3.2.     Market Share & Forecast

12.3.3.2.1.         By Modality

12.3.3.2.2.         By Design

12.3.3.2.3.         By Material Type

12.3.3.2.4.         By Application

12.3.3.2.5.         By Distribution Channel

13. Market Dynamics

13.1.             Drivers

13.2.             Challenges

14. Market Trends & Developments

14.1.             Recent Development

14.2.             Mergers & Acquisitions

14.3.             Product Launches

15. Global Contact Lenses Market: SWOT Analysis

16. Porter’s Five Forces Analysis

16.1.             Competition in the Industry

16.2.             Potential of New Entrants

16.3.             Power of Suppliers

16.4.             Power of Customers

16.5.             Threat of Substitute Products

17. Competitive Landscape

17.1.             Johnson & Johnson

17.1.1. Business Overview

17.1.2. Service Offerings

17.1.3. Recent Developments

17.1.4. Key Personnel

17.1.5. SWOT Analysis

17.2.             CooperVision Inc.

17.3.             Alcon Inc

17.4.             Bausch Health Companies, Inc.

17.5.             Menicon Co., Ltd.

17.6.             EssilorLuxottica S.A.

17.7.             Carl Zeiss Meditech AG

17.8.             Hoya Corporation

17.9.             Seed Co., Ltd.

17.10.          Contamac Holdings Limited

17.11.          X-Cel Specialty Contacts

17.12.          SynergEyes Inc.

17.13.          STAAR Surgical Company

17.14.          Cleriovision, Inc.

17.15.          BenQ Materials Corp

18. Strategic Recommendations

19. About Us & Disclaimer

Figures and Tables

Figure 1: Global Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 2: Number of People with Myopia, 2000, 2010, 2020, 2030

Figure 3: Global Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 4: Global Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 5: Global Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 6: Global Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 7: Global Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 8: Global Contact Lenses Market Share, By Region, By Value, 2019-2029F

Figure 9: Global Contact Lenses Market Share, By Company, By Value, 2023

Figure 10: Global Contact Lenses Market Map, By Modality, Market Size (USD Billion) & Growth Rate (%), 2023

Figure 11: Global Contact Lenses Market Map, By Design, Market Size (USD Billion) & Growth Rate (%), 2023

Figure 12: Global Contact Lenses Market Map, By Material Type, Market Size (USD Billion) & Growth Rate (%), 2023

Figure 13: Global Contact Lenses Market Map, By Application, Market Size (USD Billion) & Growth Rate (%), 2023

Figure 14: Global Contact Lenses Market Map, By Distribution Channel, Market Size (USD Billion) & Growth Rate (%), 2023

Figure 15: Global Contact Lenses Market Map, By Region, Market Size (USD Billion) & Growth Rate (%), 2023

Figure 16: North America Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 17: Crude prevalence of vision loss, 2020

Figure 18: North America Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 19: North America Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 20: North America Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 21: North America Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 22: North America Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 23: North America Contact Lenses Market Share, By Country, By Value, 2019-2029F

Figure 24: United States Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 25: Commonly Observed Eye Related Diseases in the United States, 2023 (In Millions)

Figure 26: United States Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 27: United States Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 28: United States Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 29: United States Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 30: United States Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 31: Canada Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 32: Prevalence of Vision Loss in Canada, All Ages, Males & Females, 2020

Figure 33: Canada Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 34: Canada Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 35: Canada Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 36: Canada Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 37: Canada Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 38: Mexico Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 39: People Aged 20-79 Years with Diabetes in Mexico, in 1,000s

Figure 40: Mexico Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 41: Mexico Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 42: Mexico Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 43: Mexico Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 44: Mexico Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 45: Europe Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 46: Share of individuals who wear contact Lenses in selected European countries, 2020

Figure 47: Europe Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 48: Europe Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 49: Europe Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 50: Europe Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 51: Europe Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 52: Europe Contact Lenses Market Share, By Country, By Value, 2019-2029F

Figure 53: Germany Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 54: Germany Research & Development Expenditure as a Percentage of GDP

Figure 55: Germany Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 56: Germany Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 57: Germany Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 58: Germany Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 59: Germany Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 60: France Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 61: Number of Individuals Affected with Vision Loss in France, By Severity, 2020

Figure 62: France Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 63: France Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 64: France Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 65: France Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 66: France Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 67: United Kingdom Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 68: Annual Expenditure on Health in United Kingdom, 2017-2021 (USD Million)

Figure 69: United Kingdom Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 70: United Kingdom Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 71: United Kingdom Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 72: United Kingdom Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 73: United Kingdom Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 74: Italy Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 75: Share of Individuals with Vision Loss in Italy, 2020, By Severity

Figure 76: Italy Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 77: Italy Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 78: Italy Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 79: Italy Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 80: Italy Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 81: Spain Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 82: Mean Waiting Time for Cataract Surgery from Specialist Assessment to Treatment in Spain, 2018-2021 (In Days)

Figure 83: Spain Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 84: Spain Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 85: Spain Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 86: Spain Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 87: Spain Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 88: Asia Pacific Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 89: Asian Countries by population (in Billion), 2023

Figure 90: Asia Pacific Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 91: Asia Pacific Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 92: Asia Pacific Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 93: Asia Pacific Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 94: Asia Pacific Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 95: Asia Pacific Contact Lenses Market Share, By Country, By Value, 2019-2029F

Figure 96: Japan Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 97: Share of Geriatric Population as a Share of Total Population in Japan

Figure 98: Japan Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 99: Japan Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 100: Japan Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 101: Japan Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 102: Japan Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 103: China Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 104: Number of Ophthalmic Outpatients in China, 2018-2021 (in Millions)

Figure 105: China Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 106: China Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 107: China Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 108: China Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 109: China Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 110: India Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 111: Prevalence of Myopia in 5-15-year-old Urban Children in India

Figure 112: India Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 113: India Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 114: India Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 115: India Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 116: India Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 117: South Korea Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 118: Number of Registered People with Eye Related Diseases in South Korea, 2018-2023

Figure 119: South Korea Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 120: South Korea Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 121: South Korea Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 122: South Korea Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 123: South Korea Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 124: Australia Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 125: People Aged 20-79 Years with Diabetes in Australia, in 1,000s

Figure 126: Australia Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 127: Australia Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 128: Australia Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 129: Australia Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 130: Australia Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 131: South America Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 132: Share of Individuals with Vision Impairment in South America, (in Million), 2020

Figure 133: South America Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 134: South America Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 135: South America Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 136: South America Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 137: South America Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 138: South America Contact Lenses Market Share, By Country, By Value, 2019-2029F

Figure 139: Brazil Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 140: Government Health Expenditure in Brazil in 2021, By Area, (Square Unit)

Figure 141: Brazil Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 142: Brazil Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 143: Brazil Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 144: Brazil Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 145: Brazil Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 146: Argentina Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 147: Prevalence of Vision Loss in Argentina, All Ages, Males & Females, 2020

Figure 148: Argentina Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 149: Argentina Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 150: Argentina Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 151: Argentina Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 152: Argentina Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 153: Colombia Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 154: People Aged 20-79 Years with Diabetes in Colombia, in 1,000s (2000, 2011, 2021, 2030, 2045)

Figure 155: Colombia Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 156: Colombia Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 157: Colombia Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 158: Colombia Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 159: Colombia Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 160: Middle East & Africa Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 161: Prevalence of Diabetes in Middle East & Africa, 2021

Figure 162: Middle East & Africa Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 163: Middle East & Africa Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 164: Middle East & Africa Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 165: Middle East & Africa Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 166: Middle East & Africa Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 167: Middle East & Africa Contact Lenses Market Share, By Country, By Value, 2019-2029F

Figure 168: South Africa Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 169: Prevalence of Vision Loss in South Africa, All Ages, Males & Females, 2020

Figure 170: South Africa Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 171: South Africa Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 172: South Africa Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 173: South Africa Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 174: South Africa Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 175: South Arabia Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 176: Preference of Contact Lenses Color By Women in Saudi Arabia, 2023

Figure 177: South Arabia Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 178: South Arabia Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 179: South Arabia Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 180: South Arabia Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 181: South Arabia Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 182: UAE Contact Lenses Market Size, By Value (USD Billion), 2019-2029F

Figure 183: Outpatient Healthcare Expenditure in UAE, 2017-2023 (USD Billion)

Figure 184: UAE Contact Lenses Market Share, By Modality, By Value, 2019-2029F

Figure 185: UAE Contact Lenses Market Share, By Design, By Value, 2019-2029F

Figure 186: UAE Contact Lenses Market Share, By Material Type, By Value, 2019-2029F

Figure 187: UAE Contact Lenses Market Share, By Application, By Value, 2019-2029F

Figure 188: UAE Contact Lenses Market Share, By Distribution Channel, By Value, 2019-2029F

Figure 189: Number of People with Ocular Conditions in the United States, (in Millions), 2020

Figure 190: Estimated Share of Population Aged 65+ in 2021, By Country/Area

Table 1: Clinical Trial Analysis

Frequently asked questions

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The market size of the Global Contact Lenses Market was estimated to be USD 21.67 Billion in 2023.

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The prevalence of spherical design in the worldwide contact lenses market is driven by its ability to effectively address widespread vision correction needs. Spherical lenses are specifically crafted to rectify prevalent refractive errors like myopia (nearsightedness) and hyperopia (farsightedness), catering to a substantial portion of the market demographic.

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The preeminence of North America in the global contact lenses market is underpinned by various pivotal factors. The region enjoys a robust and sophisticated healthcare infrastructure, facilitating convenient access to eye care professionals and cultivating a prevailing culture of routine eye examinations. This, in turn, stimulates the demand for contact lenses. The well-established healthcare system in North America plays a crucial role in shaping the market landscape, as it ensures that individuals have seamless access to eye care services, thereby influencing the preference for contact lenses.

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Increasing incidence of vision disorders & fashion and cosmetic use are the major drivers for the Global Contact Lenses Market.

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Sakshi Bajaal

Business Consultant
Press Release

Contact Lenses Market to Grow with a CAGR of 7.45% through 2029

Jan, 2024

Increased incidence of pediatric diseases & pediatric formulation development are factors driving the Global Contact Lenses market in the forecast period 2025-2029.