(MENAFN- GlobeNewsWire - Nasdaq) Rising awareness of eye health, coupled with the integration of AR/VR technology, further boosts market prospects. Online sales and the popularity of daily disposables and silicone hydrogel lenses also present significant growth avenues across diverse regions.

Dublin, Oct. 15, 2025 (GLOBE NEWSWIRE) -- The "Contact Lenses Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)" has been added to ResearchAndMarkets's offering.

The global contact lenses market is poised for substantial growth, expanding from approximately USD 14.78 billion in 2024 to an expected USD 29.35 billion by 2034, with a CAGR of 7.10% from 2025 to 2034. Key factors driving this growth include rising cases of refractive errors like myopia, hyperopia, presbyopia, and astigmatism, increasing consumer awareness about vision health, and technological innovations yielding more comfortable and versatile lenses.

Technological advancements are ushering in novel trends in the contact lenses market. Augmented reality (AR) and virtual reality (VR) technologies are being integrated into lens designs, enhancing user experiences and visual performance. Furthermore, the popularity of cosmetic lenses that alter eye color demonstrates the market's expansion beyond vision correction, meeting aesthetic demands alongside functional requirements. Lightweight, breathable lenses designed for extended wear are gaining prominence, underscoring the trend towards comfort-driven innovation.

Companies in the contact lenses sector are heavily investing in research, developing smart contact lenses with AR capabilities for immersive user experiences. This drive toward technological integration caters to a growing consumer base seeking advanced, multifunctional lenses. Industry activity also includes mergers and acquisitions aimed at expanding technological capabilities, bolstering the development of groundbreaking lenses and boosting market growth.

Regulatory frameworks, particularly those by the U.S. FDA, play a pivotal role in maintaining product safety and quality, as new types such as smart and myopia control lenses enter the market. FDA approvals ensure consumer confidence in innovative contact lens products, supporting market expansion globally.

Key materials like gas permeable and silicone hydrogel dominate market segments due to their favorable properties. Gas permeable lenses provide superior durability and vision acuity, especially for complex conditions like astigmatism. Silicone hydrogel is celebrated for its oxygen permeability, enhancing comfort and reducing dryness, making it ideal for prolonged wear.

Product design innovations continue to diversify offerings. While spherical lenses maintain dominance due to their simplicity and affordability, toric lenses support specific conditions like astigmatism, and multifocal lenses benefit those needing complex vision corrections such as presbyopia.

Distribution channels are evolving, with e-commerce platforms growing rapidly due to convenient, comprehensive online offerings, while eye care professionals remain critical for personalized service and aftercare. The emergence of new lifestyle-oriented applications for contact lenses, accommodating sports and outdoor activities, complements traditional corrective, therapeutic, and cosmetic uses.

Regionally, North America leads the market, propelled by robust demand for corrective and cosmetic lenses and an aging population. In the U.S., specialty and daily disposable lenses drive market dynamics. Europe benefits from technological adoption and increased consumer education, with prominent regions like Germany and the UK leading market trends. Asia Pacific is emerging as a key player, characterized by rising urbanization and disposable incomes, with countries like Japan and India showing significant market expansion.

Leading companies like Alcon Vision LLC, Bausch & Lomb, and Johnson & Johnson Vision Care are at the forefront, driving innovation through significant R&D investments and advancing contact lens technology. Recent developments, such as XPANCEO's AR contact lenses and CooperVision's strategic acquisitions, underscore industry vibrancy and the continual evolution of lens offerings to meet diverse consumer needs.

Key Attributes

Report Attribute	Details
No. of Pages	171
Forecast Period	2025-2034
Estimated Market Value (USD) in 2025	$14.78 Billion
Forecasted Market Value (USD) by 2034	$29.35 Billion
Compound Annual Growth Rate	7.1%
Regions Covered	Global

Key Topics Covered:

• 1 Executive Summary
• 2 Market Overview and Stakeholder Insights
  • 2.1 Market Trends
  • 2.2 Key Verticals
  • 2.3 Key Regions
  • 2.4 Supplier Power
  • 2.5 Buyer Power
  • 2.6 Key Market Opportunities and Risks
  • 2.7 Key Initiatives by Stakeholders
• 3 Economic Summary
• 4 Country Risk Profiles
• 5 Global Contact Lenses Market Analysis
  • 5.1 Key Industry Highlights
  • 5.2 Global Contact Lenses Historical Market (2018-2024)
  • 5.3 Global Contact Lenses Market Forecast (2025-2034)
  • 5.4 Global Contact Lenses Market by Material
  • 5.5 Global Contact Lenses Market by Design
  • 5.6 Global Contact Lenses Market by Application
  • 5.7 Global Contact Lenses Market by Distribution Channel
  • 5.8 Global Contact Lenses Market by Usage
  • 5.9 Global Contact Lenses Market by Region
• 6 North America Contact Lenses Market Analysis
• 7 Europe Contact Lenses Market Analysis
• 8 Asia-Pacific Contact Lenses Market Analysis
• 9 Latin America Contact Lenses Market Analysis
• 10 Middle East and Africa Contact Lenses Market Analysis
• 11 Market Dynamics
  • 11.1 SWOT Analysis
  • 11.2 Porter's Five Forces Analysis
  • 11.3 Key Indicators for Demand
  • 11.4 Key Indicators for Price
• 12 Value Chain Analysis
• 13 Trade Data Analysis (HS Code: 90130)
• 14 Competitive Landscape

Companies Featured
The key companies featured in this Contact Lenses market report include:

• Alcon Vision LLC
• Bausch & Lomb, Incorporated
• Johnson & Johnson Vision Care, Inc.
• CooperVision, Inc.
• Essilor International S.A.
• HOYA Vision Care
• Carl Zeiss AG
• Menicon Co. Ltd.
• UltraVision CLPL
• TruForm Optics Inc.
• Valley Contax Inc.
• SynergEyes, Inc.
• Art Optical Contact Lens, Inc.
• Contamac
• SEED Co., Ltd.
• Euclid Vision Group

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Attachment

• Contact Lenses Market

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