403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Contact Lenses Market Size To Reach $18.30 Billion By 2032 Global Contact Lenses Industry Report, 2025
(MENAFN- EIN Presswire)
Contact lenses are placed on the surface of the eye to help people correct their vision with cases of refractive disorders. The increasing need for improved quality eye care due to the rise in the aging population globally drives market growth.
The COVID-19 pandemic negatively impacted the market's growth as businesses were closed due to the rising preference for eyeglasses in contrast to contact lenses to lower the infection risk among consumers.
Fortune Business InsightsTMmentions this in a report titled,“Contact Lenses Market, 2024-2032.”
Get a Free Sample Research PDF:
➡️ Report Scope:
♦ Market Size Value in 2024: $ 11.08 Bn
♦ Market Size Value in 2032: $ 18.30 Bn
♦ Growth Rate: CAGR of 6.5% (2024-2032)
♦ Base Year: 2023
♦ Historical Data: 2019-2022
♦ Years Considered for the Study: 2019-2032
♦ No. of Report Pages: 151
♦ Segments Covered: By Modality (Reusable and Disposable), By Design (Toric, Multifocal, and Spherical), By Material (Soft, Gas Permeable {Orthokeratology and Scleral}, and Others), By Distribution Channel (Ophthalmologists, Retail Stores, and Online Stores)
➡️ Segments
Rising Number of Refractive Errors Patients to Propel Reusable Segment Growth
Based on modality, the market is classified into reusable and disposable. In 2023, the reusable segment dominated the market with the rising number of refractive error patients and a surge in lens users.
Easy Surface Design of Spherical Lenses to Drive Segment Expansion
By design, the market is trifurcated into toric, multifocal, and spherical. The spherical segment dominated the market in 2023 owing to spherical lenses' precise fitting, easy surface design, and multi-faceted usages for myopia and hyperopia.
Growing Awareness Regarding the Benefits of Soft Material Lenses Drive Segment Growth
Based on material, the market is divided into soft, gas-permeable, and others. The soft segment led the market in 2023 with the increasing awareness related to the benefits of soft material, such as better vision over eyeglasses.
Surging Preference Toward Stores to Drive Retail Stores Segment Growth
By distribution channel, the market is segmented into ophthalmologists, retail stores, and online stores. The retail stores segment held the dominant market share in 2023 as retail stores offer hands-on experience to customers seeking to purchase the right item from several varieties.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
➡️ Report Coverage
The report offers:
.Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
.Comprehensive insights into regional developments.
.List of major industry players.
.Key strategies adopted by the market players.
.The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Browse Detailed Summary of Research Report with TOC:
➡️ Drivers & Restraints
Rising Initiatives by Regional and National Governments to Propel Market Expansion
Surging initiatives by prominent organizations and government agencies working on national and regional levels to increase awareness about the benefits of vision correction augmented the vision correction users globally. With the increasing number of lens wearers globally the contact lenses market growth is anticipated to be substantial.
However, the shifting preferences of people toward Lasik surgery to receive permanent relief from vision issues may impede market growth.
➡️ List of Key Players Present in the Report:
.Johnson & Johnson Vision Care, Inc. (U.S.)
.Alcon (Switzerland)
.The Cooper Companies Inc. (U.S.)
.Menicon Co., Ltd. (Japan)
.HOYA Corporation (Japan)
.EssilorLuxottica (France)
.Carl Zeiss Meditec AG (Germany)
➡️ Regional Insights
Surging Cases of Refractive Errors to Propel Market Growth in North America
North America held the dominant contact lenses market share and was valued at USD 3.60 billion in 2023. The growth is attributed to the surging incidences of refractive errors, propelling the demand for advanced lenses in Canada and the U.S.
Asia Pacific is anticipated to grow at the fastest CAGR during the projected period with the increasing number of new technologies launched by manufacturing companies to develop contact lenses.
➡️ Competitive Landscape
Key Players Focus on New Product Launches to Drive Market Expansion
In terms of the competitive landscape, the contact lenses market consists of key players, including Menicon Co., Ltd, EssilorLuxottica, and others. The surging focus of key players on new product launches to expand their product offerings globally drives market expansion.
Ask For Customization:
➡️ Key Industry Development
October 2023: Alcon introduced TOTAL30 Multifocal Lenses for presbyopia patients, available in the U.S. and select international markets.
June 2023: Bausch + Lomb launched Bausch + Lomb INFUSE Multifocal Silicone Hydrogel Lenses in the U.S., providing clear vision for presbyopia with daily disposables.
March 2023: The Cooper Companies Inc. released CooperVision MyDay Energys Lenses in the U.S., designed to alleviate symptoms of digital eye strain.
February 2023: Alcon expanded its portfolio with a new total toric lens for astigmatic patients, offering high-performance daily disposable and reusable options.
Related Reports-
U.S. Contact Lenses Market Size and Industry Report
Disposable Contact Lenses Market Growth and Global Report
Contact Lenses Market Size
Contact Lenses Market Share
Leading companies in the contact lenses market include Johnson & Johnson Vision, Alcon, Cooper Companies, Menicon, HOYA, and more.
Increasing Demand for Daily Disposable Lenses Among the Population Drive Market Growth” - Fortune Business InsightsNY, UNITED STATES, March 11, 2025 /EINPresswire / -- The global contact lenses market size was valued at USD 10.45 billion in 2023. The market is projected to grow from USD 11.08 billion in 2024 to USD 18.30 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period. North America dominated the global contact lenses market with a market share of 34.45% in 2023.Contact lenses are placed on the surface of the eye to help people correct their vision with cases of refractive disorders. The increasing need for improved quality eye care due to the rise in the aging population globally drives market growth.
The COVID-19 pandemic negatively impacted the market's growth as businesses were closed due to the rising preference for eyeglasses in contrast to contact lenses to lower the infection risk among consumers.
Fortune Business InsightsTMmentions this in a report titled,“Contact Lenses Market, 2024-2032.”
Get a Free Sample Research PDF:
➡️ Report Scope:
♦ Market Size Value in 2024: $ 11.08 Bn
♦ Market Size Value in 2032: $ 18.30 Bn
♦ Growth Rate: CAGR of 6.5% (2024-2032)
♦ Base Year: 2023
♦ Historical Data: 2019-2022
♦ Years Considered for the Study: 2019-2032
♦ No. of Report Pages: 151
♦ Segments Covered: By Modality (Reusable and Disposable), By Design (Toric, Multifocal, and Spherical), By Material (Soft, Gas Permeable {Orthokeratology and Scleral}, and Others), By Distribution Channel (Ophthalmologists, Retail Stores, and Online Stores)
➡️ Segments
Rising Number of Refractive Errors Patients to Propel Reusable Segment Growth
Based on modality, the market is classified into reusable and disposable. In 2023, the reusable segment dominated the market with the rising number of refractive error patients and a surge in lens users.
Easy Surface Design of Spherical Lenses to Drive Segment Expansion
By design, the market is trifurcated into toric, multifocal, and spherical. The spherical segment dominated the market in 2023 owing to spherical lenses' precise fitting, easy surface design, and multi-faceted usages for myopia and hyperopia.
Growing Awareness Regarding the Benefits of Soft Material Lenses Drive Segment Growth
Based on material, the market is divided into soft, gas-permeable, and others. The soft segment led the market in 2023 with the increasing awareness related to the benefits of soft material, such as better vision over eyeglasses.
Surging Preference Toward Stores to Drive Retail Stores Segment Growth
By distribution channel, the market is segmented into ophthalmologists, retail stores, and online stores. The retail stores segment held the dominant market share in 2023 as retail stores offer hands-on experience to customers seeking to purchase the right item from several varieties.
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
➡️ Report Coverage
The report offers:
.Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
.Comprehensive insights into regional developments.
.List of major industry players.
.Key strategies adopted by the market players.
.The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Browse Detailed Summary of Research Report with TOC:
➡️ Drivers & Restraints
Rising Initiatives by Regional and National Governments to Propel Market Expansion
Surging initiatives by prominent organizations and government agencies working on national and regional levels to increase awareness about the benefits of vision correction augmented the vision correction users globally. With the increasing number of lens wearers globally the contact lenses market growth is anticipated to be substantial.
However, the shifting preferences of people toward Lasik surgery to receive permanent relief from vision issues may impede market growth.
➡️ List of Key Players Present in the Report:
.Johnson & Johnson Vision Care, Inc. (U.S.)
.Alcon (Switzerland)
.The Cooper Companies Inc. (U.S.)
.Menicon Co., Ltd. (Japan)
.HOYA Corporation (Japan)
.EssilorLuxottica (France)
.Carl Zeiss Meditec AG (Germany)
➡️ Regional Insights
Surging Cases of Refractive Errors to Propel Market Growth in North America
North America held the dominant contact lenses market share and was valued at USD 3.60 billion in 2023. The growth is attributed to the surging incidences of refractive errors, propelling the demand for advanced lenses in Canada and the U.S.
Asia Pacific is anticipated to grow at the fastest CAGR during the projected period with the increasing number of new technologies launched by manufacturing companies to develop contact lenses.
➡️ Competitive Landscape
Key Players Focus on New Product Launches to Drive Market Expansion
In terms of the competitive landscape, the contact lenses market consists of key players, including Menicon Co., Ltd, EssilorLuxottica, and others. The surging focus of key players on new product launches to expand their product offerings globally drives market expansion.
Ask For Customization:
➡️ Key Industry Development
October 2023: Alcon introduced TOTAL30 Multifocal Lenses for presbyopia patients, available in the U.S. and select international markets.
June 2023: Bausch + Lomb launched Bausch + Lomb INFUSE Multifocal Silicone Hydrogel Lenses in the U.S., providing clear vision for presbyopia with daily disposables.
March 2023: The Cooper Companies Inc. released CooperVision MyDay Energys Lenses in the U.S., designed to alleviate symptoms of digital eye strain.
February 2023: Alcon expanded its portfolio with a new total toric lens for astigmatic patients, offering high-performance daily disposable and reusable options.
Related Reports-
U.S. Contact Lenses Market Size and Industry Report
Disposable Contact Lenses Market Growth and Global Report
Ashwin Arora
Fortune Business InsightsTM Pvt. Ltd.
+1 833-909-2966
email us here
Visit us on social media:
Facebook
X
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment