Global Coloured Contact Lenses Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Coloured Contact Lenses Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Color contact lenses, which are used to help people with eye injuries to cover eye defects, have been widely used in film makeup. Allows the wearer to change the color of the eyes-this can be used for everyday wear or special occasions. Because it is no longer tied to the function of correcting vision like the traditional ordinary contact lens, it gradually penetrates into work and life, and has become a trendy cosmetic product for fashion people to dress themselves and show their personality.

Market Overview:

The latest research study on the global Coloured Contact Lenses market finds that the global Coloured Contact Lenses market reached a value of USD 1852.3 million in 2022. It’s expected that the market will achieve USD 2532.45 million by 2028, exhibiting a CAGR of 5.35% during the forecast period.

Opportunities

Changing consumer lifestyles and continuing fashion trends will continue to drive the market. The emergence of innovative products and technological progress will expand the product market scale. Among them, the combination of raw materials including hydrogels and polymers is innovative. The acceptability of well-known brands of contact lenses continuously increases the pressure drop to bring good development opportunities to the color contact lens market.

Market Drivers

Contact lenses are considered a way to improve the quality of life without glasses, and although they are registered as medical devices, their use has caused huge demand in the cosmetics industry. With the rising fashion trend, fashion products featuring a variety of attractive colors, shadows and textures to enhance the appearance of the eye are becoming more and more popular. The ability to change preferences to enhance eye color and overall facial appearance, especially among TV actors, movie stars, and models, has largely driven the market for colored contact lenses.
Secondly, technological progress is also one of the important driving factors to promote the development of the industry, which brings a higher level of texture, with tiny colored dots and lines in the products. Main brands offer a variety of colors, such as blue, light brown, green, purple, brown, gray and purple, to attract more consumers. In addition, on the coloring technology, security, the color of the solid state provides the wearer with aesthetic value.

Challenges

Color contact lens wear and care
The solution for colored glasses is basically the same as that for ordinary contact lenses. However, because colored films are more prone to dryness than ordinary contact lenses, it is best to buy a special solution for color lenses. Tablet care solution is better. For buyers who wear contact lenses themselves, there is undoubtedly an increase in purchase costs.

Region Overview:

In 2022, the share of the Coloured Contact Lenses market in North America stood at 52.57%.

Company Overview:

ACUVUE is one of the major players operating in the Coloured Contact Lenses market, holding a share of 22.35% in 2023.

ACUVUE

Alcon Inc. manufactures eye care products. The Company produces and markets vitreoretinal and cataract surgery, contact lenses, and refractive technology products. Alcon serves medical industry worldwide.

CooperVision

Coopervision Ltd. is a manufacturer of contact and toric lenses. The Company distributes high-quality contact lense and specialty medical products including avaira and biofinity throughout the United Kingdom and globally.

Segmentation Overview:

By type, Soft Contact Lenses segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Cosmetic Lenses and Lifestyle-Oriented Lenses segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Coloured Contact Lenses market covered in Chapter 3:

NEO Vision
Unicon Optical
Hoya Corp
CooperVision
Hydron
Camax
Clearlab
St.Shine Optical
Seed
Menicon
ACUVUE
Oculus
Bausch + Lomb
Weicon
Alcon

In Chapter 4 and Chapter 14.2, on the basis of types, the Coloured Contact Lenses market from 2018 to 2029 is primarily split into:

Soft Contact Lenses
Hybrid Contact Lenses
Rigid Contact Lenses

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Coloured Contact Lenses market from 2018 to 2029 covers:

Corrective Lenses
Therapeutic Lenses
Cosmetic Lenses and Lifestyle-Oriented Lenses
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)