Contact Lens Market, By Characteristic (Gas-Permeable Contact Lens , and Soft Contact Lens), By Design (Spherical Contact Lens, Toric Contact Lens, Multifocal Contact Lens, and Contact Lens Market, Orthokeratology Contact Lens), By Application (Corrective

Contact Lens Market, By Characteristic (Gas-Permeable Contact Lens , and Soft Contact Lens), By Design (Spherical Contact Lens, Toric Contact Lens, Multifocal Contact Lens, and Contact Lens Market, Orthokeratology Contact Lens), By Application (Corrective, Therapeutic, Cosmetic, Prosthetic, and Lifestyle-oriented), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Contact lenses are thin plastic disks that are placed directly on the cornea of the eye to correct vision or for cosmetic purposes. The major factors driving the growth of the global contact lens market include rising awareness regarding eye care, increasing cases of eye disorders, growing cosmetic consciousness, and benefits offered by contact lenses over eyeglasses. In addition, technological advancements in materials used for manufacturing contact lenses are anticipated to boost the demand over the forecast period. However, risks associated with contact lenses such as inflammation and infection may hamper the market growth.

Market Dynamics:

The global contact lens market is witnessing significant growth owing to several factors such as rising incidences of eye disorders like myopia, hyperopia, and presbyopia. Myopia is the most common vision problem across the world which increases the risk of conditions like cataracts and glaucoma at a later stage. Thus, growing prevalence of myopia acts as a major driver for the contact lenses market. Additionally, increasing consumer preference for eyewear from eyeglasses to the contact lenses on grounds of aesthetic appearance and comfort is fueling the market growth. Growing trend of makeup application has increased the adoption of colored contact lenses for visual enhancement. However, high risk of infections related to improper use and maintenance of contact lenses may restrain the market expansion. Ongoing R&D activities to develop advanced gas permeable rigid lenses, silicone hydrogel lenses using novel materials are expected to offer lucrative opportunities in the coming years.

Key Features of the Study:

This report provides in-depth analysis of the global contact lens market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global contact lens market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Johnson & Johnson, Alcon, Bausch + Lomb, CooperVision and Lenscrafters

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global contact lens market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global contact lens market

Detailed Segmentation-

By Characteristic Insights (Revenue, USD Bn, 2019 - 2031)

Gas-Permeable Contact Lens

Soft Contact Lens

By Design Insights (Revenue, USD Bn, 2019 - 2031)

Spherical Contact Lens

Toric Contact Lens

Multifocal Contact Lens

Orthokeratology Contact Lens

By Application Insights (Revenue, USD Bn, 2019 - 2031)

Corrective

Therapeutic

Cosmetic

Prosthetic

Lifestyle-oriented

By Regional Insights (Revenue, USD Bn, 2019 - 2031)

North America

U.S.

Canada

Latin America

Brazil

Argentina

Mexico

Rest of Latin America

Europe

Germany

U.K.

Spain

France

Italy

Russia

Rest of Europe

Asia Pacific

China

India

Japan

Australia

South Korea

ASEAN

Rest of Asia Pacific

Middle East

GCC Countries

Israel

Rest of Middle East

Africa

South Africa

North Africa

Central Africa

Key Players Insights

Bausch & Lomb Incorporated

Alcon Vision LLC

EssilorLuxottica

Carl Zeiss AG

Contamac Ltd

Menicon Co., Ltd.

CooperVision

Johnson & Johnson Vision Care

Hoya Corporation

Ximenes S.R.L.

Sky Medical For Medical Devices

Bausch Health Companies Inc.

Optical Center

Alden Optical

Oculus Optikgeräte GmbH

Hanita Lenses

Mark'ennovy

Ocutec

Aveo Vision

Dynamic Vision Systems