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

  • Industry : Healthcare
  • Pages : 70
  • Published Date : June, 2022
Customization Enquiry

Buy Now

Summary

Report Description

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.


Click here to download the sample

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.

Attribute

Details

Market size value in FY2022

USD 574.26 Million

Revenue Forecast in FY2028

USD 764.77 Million

Growth Rate

4.73%

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report Coverage

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

Segments Covered

·         Material Type

·         Design Type

·         Application

·         Wear Type

·         Distribution Channel

Regional Scope

North; South; West; East;

Key Companies Profiled

Bausch & Lomb India Private Limited, Alcon Laboratories (India) Pvt. Ltd., Johnson & Johnson Private Limited, CVI Contact Lenses India Pvt. Ltd., Carl Zeiss India, Hoya Medical India Pvt. Ltd, Essilor India Private Ltd., Contek India, Excellent Hicare Pvt Ltd, Omni Lens Pvt Ltd

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/pdf format on special request)

 

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).

Table of content

1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Impact of COVID-19 on India Contact Lenses Market

5.     Voice of Customer

       5.1. Contact Lens Wearers, By Gender

       5.2. Contact Lens Wearers, By Age Group

       5.3. Factors Affecting Purchase Decision

       5.4. Sources of Information

       5.5. Brand Awareness

6.     India Contact Lenses Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value & Volume

6.2.   Market Share & Forecast

6.2.1. By Material Type (Silicone hydrogel, Hydrogel, Others)

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

6.2.3. By Wear Type (Monthly Disposable, Daily Disposable & Yearly Disposable)

6.2.4. By Application (Corrective, Cosmetic & Others)

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

6.2.6. By Region

6.2.7. By Company (2022)

7.     India Monthly Disposable Contact Lenses Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value  

7.2.   Market Share & Forecast

7.2.1. By Material Type

7.2.2. By Design

7.2.3. By Distribution Channel  

7.2.4. By Application

8.     India Daily Disposable Contact Lenses Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value  

8.2.   Market Share & Forecast

8.2.1. By Material Type

8.2.2. By Design Type

8.2.3. By Distribution Channel 

8.2.4. By Application

9.     India Yearly Disposable Contact Lenses Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value  

9.2.   Market Share & Forecast

9.2.1. By Material Type

9.2.2. By Design Type

9.2.3. By Distribution Channel 

9.2.4. By Application

10.     Market Dynamics

10.1.   Drivers

10.2.   Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  Import-Export Analysis

14.  India Economic Profile

15.  Competitive Landscape

15.1.  Bausch & Lomb India Private Limited

15.2.  Alcon Laboratories (India) Pvt. Ltd.

15.3. Johnson & Johnson Private Limited

15.4. CVI Contact Lenses India Pvt. Ltd.

15.5. Carl Zeiss India

15.6. Hoya Medical India Pvt. Ltd

15.7. Essilor India Private Ltd.

15.8. Contek India

15.9. Excellent Hicare Pvt Ltd

15.10. Omni Lens Pvt Ltd

17.  Strategic Recommendations


Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2023E, the data represents the period, 1st April 2022 to 31st March 2023.

Figures and Tables

List of Figures:

Figure 1: India Contact lenses Market Size, By Value (USD Million), 2018-2028F
Figure 2: India Contact Lenses Market Size, By Volume (Million Units), 2018-2028F
Figure 3: India Contact Lenses Market Share, By Material Type, By Value, 2018-2028F
Figure 4: India Contact Lenses Market Share, By Design Type, By Value, 2018-2028F
Figure 5: India Contact Lenses Market Share, By Wear Type, By Value, 2018-2028F
Figure 6: India Contact Lenses Market Share, By Application Type, By Value, 2018-2028F
Figure 7: India Contact Lenses Market Share, By Distribution Channel, By Value, 2018-2028F
Figure 8: India Contact Lenses Market Share, By Region, By Value, 2018-2028F
Figure 9: India Contact Lenses Market Share, By Company, By Value, 2022
Figure 10: India Contact Lenses Market Map, By Material Type, Market Size (USD Million) & Growth Rate (%), 2022
Figure 11: India Contact Lenses Market Map, By Design Type, Market Size (USD Million) & Growth Rate (%), 2022Figure 12: India Monthly Disposable Contact Lenses Market Outlook, By Value, 2018-2028F
Figure 13: India Monthly Disposable Contact Lenses Market Outlook, By Material Type, Market Size (USD Million)
Figure 14: India Monthly Disposable Contact Lenses Market Outlook, By Design Type, Market Size (USD Million)
Figure 15: India Monthly Disposable Contact Lenses Market Outlook, By Distribution Channel, Market Size (USD Million)
Figure 16: India Monthly Disposable Contact Lenses Market Outlook, By Application, Market Size (USD Million)
Figure 17: India Daily Disposable Contact Lenses Market Outlook, By Value, 2018-2028F
Figure 18: India Daily Disposable Contact Lenses Market Outlook, By Material Type, Market Size (USD Million)
Figure 19: India Daily Disposable Contact Lenses Market Outlook, By Design Type, Market Size (USD Million)
Figure 20: India Daily Disposable Contact Lenses Market Outlook, By Distribution Channel, Market Size (USD Million)
Figure 21: India Daily Disposable Contact Lenses Market Outlook, By Application, Market Size (USD Million)
Figure 22: India Yearly Disposable Contact Lenses Market Outlook, By Value, 2018-2028F
Figure 23: India Yearly Disposable Contact Lenses Market Outlook, By Material Type, Market Size (USD Million)
Figure 24: India Yearly Disposable Contact Lenses Market Outlook, By Design Type, Market Size (USD Million)
Figure 25: India Yearly Disposable Contact Lenses Market Outlook, By Distribution Channel, Market Size (USD Million)
Figure 26: India Yearly Disposable Contact Lenses Market Outlook, By Application, Market Size (USD Million)

Frequently asked questions

down-arrow

Contact lenses modality has grown leaps and bounds in India to become an inevitable part of healthcare delivery in the country and is well-poised for strong growth. Currently, the market size of contact lenses is about USD 764.77 Million with a CAGR of 4.73%.

down-arrow

South India region dominated the India Contact Lenses Market in 2022 with an overall share of 31.44%. This can be ascribed to the increasing urbanization in the region coupled with rise in numbers of contact lens wearers.

down-arrow

The major factors slowing down the growth of India contact lenses market are lack of awareness, affordability, increased demand for eye surgeries, shortage of ophthalmologists, and side effects of wearing contact lenses.

down-arrow

The major trends in contact lenses market include companies spending money on R&D activities, advances in contact lens technology, an increase in demand for contact lenses, demand of multifocal lenses, implantable contact lens surgery, and make in India.

Related Reports

profile

Sakshi Bajaal

Business Consultant
Press Release

India Contact Lenses Market to Grow with a CAGR of 4.73% through 2028

Jun, 2022

Increasing myopic patients, rising geriatric population and change in lifestyle are driving the growth of India contact lenses market through 2028.

Why Choose Us