Contact Lenses Market expected to reach US$18.537 billion by 2030

Contact Lenses Market Size & Growth:

As per Knowledge Sourcing Intelligence (KSI) latest report, the contact lenses market is projected to grow at a CAGR of 6.69% to reach a market size of US$18.537 billion by 2030 from US$13.408 billion in 2025.

The increase in the occurrence of eye diseases also contributes to this demand since the majority of the population aging also suffers from eye diseases. The fast-growing opportunities from an increase in demand for cosmetic and colored lenses, purchased increasingly for beauty reasons, significantly influence the market growth of contact lenses. Also, individuals live more dynamic lifestyles, and hence they like wearing contact lenses rather than glasses; this is largely for sports people and individuals who play sports regularly.

In addition, contact lenses provide consumers with attributes, like expanded use without the limitations of frames and increased mobility, as a superior choice to glasses. Additionally, energetic people have been more willing to adopt contact lenses as a proper substitute for their lifestyle. The trend is further driven by incessant innovation by the market players, with the launch of new products promising to increase demand in the industry.

The global contact lenses market includes a wide range of types, including soft, rigid gas permeable, hybrid, and others. By design, the market is segmented into spherical, toric, multifocal, and others. The market is further segmented based on life, which includes daily disposable, monthly, 6-month, and yearly. Meanwhile, by application is segmented into corrective, therapeutic, cosmetic, and others. By distribution channel, the contact lenses market is segmented into online and offline.

➥ View a sample of the report or purchase the complete study at: Global Contact Lenses Market Report

Contact Lenses Market Report Highlights:

• The spherical design segment led the market in 2023, capturing the largest and dominant market due to its broad scope. This is due to the naturally wide range and versatility of spherical forms, which are used across a broad spectrum of industries and product categories.
• The corrective segment commands the largest market share of the global contact lenses industry. This dominance is due to the underlying function of contact lenses, which mainly includes vision correction for vision problems like myopia, hyperopia, astigmatism, and presbyopia. Given that a large portion of the world’s population suffers from these vision problems, the need for corrective lenses such as spherical, toric, and multifocal shapes remains always high, entrenching this segment as the top contributor to the overall market.
• The North American region is projected to see a high rise in its market share during the forecast period. Strong healthcare facilities and mass awareness of vision correction treatments make up the region which includes the United States and Canada. The demand for contact lenses is continuously being fueled by the occurrence of vision issues such as myopia and presbyopia, which are partly triggered by increased screen time.

Contact Lenses Market Segmentation:

Knowledge Sourcing Intelligence has segmented the global contact lenses market based on type, design, life, application, distribution channel, and geography:

Contact Lenses Market, By Type

• • Soft
  • Rigid Gas Permeable
  • Hybrid
  • Others

Contact Lenses Market, By Design

• • Spherical
  • Toric
  • Multifocal
  • Others

Contact Lenses Market, By Life

• • Daily disposable
  • Monthly
  • 6-months
  • Yearly

Contact Lenses Market, By Application

• • Corrective
  • Therapeutic
  • Cosmetic
  • Others

Contact Lenses Market, By Distribution Channel

• • Online
  • Offline

Contact Lenses Market, By Geography

• • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Others

Contact Lenses Market Key Players:

• Bausch & Lamb Pvt. Ltd
• Zeiss International
• CooperVision
• Essilor International S.A.
• Hoya Corporation
• Johnson & Johnson
• SynergEyes, Inc.
• Alcon
• EyeMeditech Sdn Bhd
• Contamac
• Titan Eye+
• Lenskart
• ContactsDirect
• CooperVision
• Ayers Eye Care

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