India Contact Lenses Market By Material Type (Silicone Hydrogel, Hydrogel, Others), By Design (Spherical, Toric, Multifocal, Others), By Application (Corrective, Cosmetic, Others), By Wear Type (Monthly Disposable, Daily Disposable, Yearly Disposable), By Distribution Channel (Retail Stores, Online, Hospitals & Clinics), By Region, Competition, Forecast & Opportunities, 2028

The India contact lenses market was valued at USD574.26 million in 2022 and is further anticipated to grow at a CAGR of 4.73% during the forecast period owing to rising patients of optical disorders like hypermetropia, myopia, astigmatism, for the correction of refractive errors, growing geriatric population and increasing innovation in existing products. Furthermore, rising disposable incomes and a shift in consumer preference for contact lenses with appealing colors, tints, and textures to enhance eye appearance are driving the demand for contact lenses. The India contact lens market is projected to be muted due to regulatory constraints and a scarcity of skilled ophthalmologists and opticians.

The increasing product launches and technological developments like moisture seal technology, centurion phacoemulsification technology, and zone optic lens design using Artificial Intelligence (AI) have increased the adoption of contact lenses.

Increase in cases of Myopia

Increased myopia instances and increased spending on ophthalmic equipment and products, such as contact lenses, as a refractive error correction measure are expected to move the contact lens market forward in the upcoming years. According to the National Center for Biotechnology Information, the frequency of myopia has increased to 21.1% in 2019. According to the World Health Organization, the prevalence of myopia will climb to 31.8% in 2030, 40% in 2040, and 48.1% in 2050. The need for contact lenses is increasing as the number of people with refractive disorders rises.

Changing Lifestyle

People's changing lifestyles are driving the contact lens market. With changing demographics and people spending more time on digital devices, there is a growing demand for solutions that can meet the visual demands of a screen-based society. Due to increasing social media penetration and substantial investment in search engine optimization and social media optimization by prominent industry participants, the market is expected to grow in the coming years. Because individuals nowadays use phones and laptops more readily to work, this element boosts the contact lens market's growth.

Technological Advancements

Artificial intelligence (AI) and other technological advancements have never been faster than they are currently. These advances appear to have enhanced our lives in every way. Artificial intelligence and other revolutionary technologies have a lot of potential in the healthcare industry. The goal of artificial intelligence in eye care is to improve clinical decision-making while reducing the burden of ocular illness and preventable blindness. 

Increase in Geriatric Population

Rising lifespans and lower fertility have resulted in a significant increase in people aged 60 and up, both in absolute and relative terms. This shift brings a slew of current and future health, social, and economic challenges to which this broad and diversified society must adapt quickly. India's total fertility rate has decreased from 5.9% in 1950 to 2.3% in 2013 and is anticipated to decrease much more to 1.88 %by 2050. In terms of population aging, life expectancy at birth is even more important. Geriatric people have a higher risk of losing their vision, which is why they wear contact lenses, leading to increased contact lens sales.

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Market Segmentation

The India Contact lenses market is segmented based on material type, design type, wear type, distribution channel, application, and regional distribution. Based on material type, the market can be split into silicone hydrogel, hydrogel, and others. Based on design type, the market can be divided into spherical, toric, multifocal and others. Based on wear type, the market is divided into monthly disposable, daily disposable, and yearly disposable. In terms of application, the market can be categorized into corrective, cosmetic and others. Based on distribution channel, the market is split into retail stores, online, hospitals & clinics.

Company Profiles

Bausch & Lomb India Private Limited, Alcon Laboratories (India) Pvt. Ltd., Johnson & Johnson Private Limited, CVI Contact Lenses India Pvt. Ltd., Zeiss India are among the major market players in the Indian platform that lead the market growth of the India Contact lens market.

Report Scope:

In this report, India contact lenses market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Contact lenses Market, By Material Type:
• Silicon Hydrogel
• Hydrogel
• Others
• Contact lenses Market, By Design Type:
• Spherical
• Toric
• Multi-focal
• Others
• Contact lenses Market, By Application
• Corrective
• Cosmetic
• Others
• Contact lenses Market, By Wear Type:
• Monthly Disposable
• Daily Disposable
• Yearly Disposable
• Contact lenses Market, By Distribution Channel:
• Retail Stores
• Online
• Hospitals & Clinics
• Contact lenses Market, By Region:
• North
• South
• West
• East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India contact lenses 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).