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

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

Contact lens, or corneal contact lens, is a kind of lens worn on the cornea of eyeball to correct vision or enhance people's aesthetic feeling. Contact lenses are used to ease the use of glasses that are difficult to manage and cumbersome. It includes hard and soft. Contact lenses not only bring great improvement to ametropia patients such as myopia, hyperopia and astigmatism in appearance and convenience, but also have a wide field of vision and vivid vision. In addition, they also play a special role in controlling the development of myopia and astigmatism in adolescents and treating special eye diseases.

Market Overview:

The latest research study on the global Contact Lenses market finds that the global Contact Lenses market reached a value of USD 13702.47 million in 2022. It’s expected that the market will achieve USD 17468.42 million by 2028, exhibiting a CAGR of 4.13% during the forecast period.

Market Drivers

Contact lenses are used to correct visual defects such as myopia, hyperopia, astigmatism and presbyopia. With the aging of the population, the use of computers, mobile phones and other devices is increasing, and the visual defects of children and young people are increasing, which also increases the demand for contact lenses. At present, the prevalence of myopia is increasing all over the world, but myopia has become one of the most common diseases in the world. According to the World Health Organization, the prevalence of myopia is the highest in East Asian countries such as China, Japan, South Korea and Singapore. The popularity of myopia and the increasing expenditure of ophthalmic products (such as contact lenses) for correcting ametropia are expected to promote the growth of contact lens market in the future.
Young people prefer contact lenses because they are beautiful, convenient and comfortable, and contact lenses of various colors are easy to obtain, which also triggers them as fashion accessories for young and middle-aged people. Due to the increasing demand for improving the aesthetic feeling of eyes, it is expected that the cosmetic lens industry will see great growth opportunities.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

ACUVUE is one of the major players operating in the Contact Lenses market, holding a share of 21.01% in 2021.

Acuvue is a brand of disposable contact lenses made in Jacksonville Florida and Limerick-based Vistakon, a subsidiary of Johnson & Johnson.

CooperVision is one of the world’s leading manufacturers of soft contact lenses and related products and services. Products are sold in over 100 countries around the world.

Segmentation Overview:

Among different product types, Spherical segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Corrective Lenses segment occupied the biggest share from 2017 to 2022.

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

Oculus
CooperVision
Weicon
Menicon
Camax
Bausch + Lomb
ACUVUE
Clearlab
St.Shine Optical
Alcon Laboratories, Inc.
Hydron

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

Multifocal
Spherical
Toric
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the 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)