Soft Contact Lens

Global Soft Contact Lens Market to Reach US$24.8 Billion by 2030

The global market for Soft Contact Lens estimated at US$20.9 Billion in the year 2024, is expected to reach US$24.8 Billion by 2030, growing at a CAGR of 2.9% over the analysis period 2024-2030. Daily, one of the segments analyzed in the report, is expected to record a 3.4% CAGR and reach US$9.4 Billion by the end of the analysis period. Growth in the Weekly segment is estimated at 3.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$5.6 Billion While China is Forecast to Grow at 5.0% CAGR

The Soft Contact Lens market in the U.S. is estimated at US$5.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2030 trailing a CAGR of 5.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.5% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Global Soft Contact Lens Market - Key Trends and Drivers Summarized

Why Are Soft Contact Lenses the Preferred Choice for Vision Correction?
Soft contact lenses have become the preferred choice for vision correction due to their comfort, flexibility, and convenience. Made from hydrophilic materials such as silicone hydrogel, soft contact lenses allow oxygen to pass through to the cornea, providing greater comfort for extended wear compared to rigid gas-permeable lenses. These lenses are used to correct common refractive errors, including myopia (nearsightedness), hyperopia (farsightedness), astigmatism, and presbyopia, offering a wide range of options for various visual needs. The increasing prevalence of vision impairment and eye disorders worldwide, coupled with rising awareness about eye health and vision correction solutions, is driving the demand for soft contact lenses. Moreover, the growing adoption of daily disposable lenses, which offer convenience and reduced risk of infection, is further propelling the soft contact lens market.

How Are Technological Advancements and Consumer Preferences Influencing the Soft Contact Lens Market?
Technological advancements in lens materials, designs, and manufacturing processes are significantly enhancing the comfort, safety, and performance of soft contact lenses. Innovations such as silicone hydrogel lenses, which provide higher oxygen permeability, and toric lenses for astigmatism correction are expanding the market`s appeal among consumers. The introduction of multifocal lenses that cater to presbyopic patients and daily disposable lenses that offer hygiene and convenience are driving market growth. Additionally, the development of smart contact lenses with integrated sensors for health monitoring and augmented reality applications is opening new frontiers in the industry. Consumer preferences are also shifting towards lenses that offer UV protection, blue light filtering, and personalized designs, further influencing market dynamics. The increasing availability of soft contact lenses through online sales channels and e-commerce platforms is enhancing market accessibility and driving adoption across different demographics.

Which Market Segments Are Contributing to the Growth of the Soft Contact Lens Industry?
Product types include daily disposable lenses, weekly disposable lenses, monthly disposable lenses, and extended-wear lenses, with daily disposable lenses holding the largest market share due to their convenience and safety benefits. Lens designs are categorized into spherical, toric, multifocal, and cosmetic lenses, with spherical lenses being the most widely used for correcting common refractive errors. Distribution channels include optical stores, hospitals and clinics, online platforms, and others, with online platforms witnessing rapid growth due to the increasing shift towards e-commerce and direct-to-consumer sales. Geographically, North America and Europe dominate the soft contact lens market due to high awareness of eye health, advanced healthcare infrastructure, and the presence of key market players, while Asia-Pacific is expected to experience significant growth due to rising disposable incomes and increasing adoption of vision correction solutions.

What Are the Key Drivers of Growth in the Soft Contact Lens Market?
The growth in the soft contact lens market is driven by several factors, including the increasing prevalence of vision impairment, technological advancements in lens materials and designs, and the rising demand for convenience and comfort in vision correction solutions. The shift towards daily disposable and specialty lenses, such as multifocal and toric lenses, is driving demand across various age groups and demographics. Technological innovations, such as smart contact lenses with health monitoring capabilities and lenses designed for blue light protection, are expanding the application scope of soft contact lenses, supporting market growth. The expansion of online sales channels and the growing popularity of customized and cosmetic lenses are creating new opportunities for market players. Additionally, the increasing focus on eye health awareness campaigns, coupled with the rising adoption of vision correction solutions in emerging markets, is further supporting the growth of the soft contact lens market.

SCOPE OF STUDY:

The report analyzes the Soft Contact Lens market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Usage Type (Daily, Weekly, Monthly, Other Usage Types)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 46 Featured) -

• Carl Zeiss AG
• Contamac Ltd.
• CooperVision, Inc.
• Essilor International
• Ginko International Co., Ltd.
• Hoya Corporation Eye Care Company
• Johnson & Johnson
• Menicon Co., Ltd.
• Novartis AG
• Sensimed AG
• SynergEyes, Inc.
• UltraVision CLPL
• Valeant Pharmaceuticals International, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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