Contact Lens Market Size, Share, and Growth Analysis

Global Contact Lens Market

Contact Lens Market By Modality (Reusable, Disposable), By Material (Soft, Gas Permeable), By Distribution Channel (Ophthalmologists, Retail Stores, Online Stores), By Design, By Region -Industry Forecast 2025-2032


Report ID: SQMIG30L2194 | Region: Global | Published Date: June, 2025
Pages: 198 |Tables: 117 |Figures: 76

Format - word format excel data power point presentation

Contact Lens Market Insights

Global Contact Lens Market size was valued at USD 18.4 Billion in 2023 and is poised to grow from USD 19.98 Billion in 2024 to USD 38.66 Billion by 2032, growing at a CAGR of 8.6% in the forecast period (2025-2032).

The aging population and the rise in refractive conditions like astigmatism, myopia, presbyopia, and hyperopia are major factors augmenting global contact lens market growth. Maharashtra's 2025 plan to conduct 100,000 free cataract surgeries, including 5,000 at IGGMCH Nagpur, is an example of the growing need for easily accessible eye care among the elderly.

Growing awareness of vision health is also driving the use of corrective measures like contact lenses and early diagnosis, as evidenced by India's 2024 National Myopia Week, which reached more than 50 million people. Together with beneficial government initiatives and improvements in the delivery of eye care, these initiatives are opening new growth prospects for the global contact lens sector.

In addition, major industry players and national and regional government agencies are putting in heavy efforts to increase public awareness of the advantages of vision correction. This leads to a rise in the number of people using vision correction, including those who wear lenses, on a global scale. These factors have led to an increase in the contact lens market.

How are Smart Contact Lenses Transforming Eye Care?

In recent years, contact lens technology has advanced significantly, adding incredible new features beyond vision correction. At conferences like GITEX Global 2024 and Mobile World Congress 2025, XPANCEO, a Dubai-based tech startup, displayed a variety of smart contact lens prototypes. Without coming into contact with the subject, these prototypes use biosensors to directly measure the levels of vitamins, hormones, and glucose in tear fluid. By providing real-time pressure readings, intraocular pressure sensor-equipped lenses are also designed to help detect glaucoma early. Lenses with integrated microdisplays are another innovative concept that makes augmented reality feasible without the need for large headsets. These recent advancements follow a trend toward multifunctional contact lenses that can monitor health, enhance vision, and connect to electronic devices.

Market snapshot - 2025-2032

Global Market Size

USD 18.4 Billion

Largest Segment

Reusable

Fastest Growth

Disposable

Growth Rate

8.6% CAGR

Global Contact Lens Market ($ Bn)
Country Share for North America (%)

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Contact Lens Market Segments Analysis

The global contact lens market is segmented into modality, material, design, distribution channel, and region. By modality, the market is classified into reusable and disposable. Depending on material, it is bifurcated into soft and gas permeable. According to design, the Contact Lens market share is divided into toric, multifocal, and spherical sectors. As per distribution channel, it is categorized into ophthalmologists, retail stores, and online stores. Regionally, it is analyzed across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

Why Are Reusable Contact Lenses Leading the Market in 2024?

As per the 2024 global contact lens market analysis, due to the increasing prevalence of astigmatism, myopia, and hyperopia, the reusable category remained at the top of the Contact Lens market. Reusable lenses are preferred by astigmatic patients, and as more people develop astigmatism, their use is anticipated to increase over the forecast period, according to Alcon. Reusable lenses have gained market popularity due to improvements in lens materials that have made them more comfortable and long-lasting.

Over the course of the projection period, the disposable segment is anticipated to have the highest contact lens market share and is growing at the fastest rate. As daily disposable lenses make wearing them easier, the category is growing. This segment will also grow as a result of major companies developing new disposable lenses.

MyDay Energys is a daily disposable contact lens designed by CooperVision to be exceptionally comfortable for those who use electronic devices. The company's Biofinity Energys lenses were the first to use the lens' distinctive single-vision aspheric design. To alleviate the problems of digital eye strain caused by the increasing use of digital devices, MyDay Energys offers comfort tailored for today's digital lifestyles.

How Design and Versatility Boost Spherical Contact Lens Demand?

Based on the 2024 global contact lens market forecast, as it fits well, had a simpler surface design, and could be used for a variety of conditions, including myopia and hyperopia, the spherical segment is the most popular product. As a result, by making these lenses more accessible, the previously mentioned factors are increasing their use and demand over the projection period.

Alcon introduced PRECISION7, a one-week replacement contact lens featuring the ground-breaking ACTIV-FLO System, in November 2024. This system gives you 16 hours of excellent comfort and clear vision, even on day 7, by combining a water-loving moisturizing agent in the lens matrix with a patented replenishing ingredient. To meet the needs of a diverse range of patients, the introduction featured both spherical and toric forms. This new product addresses a strategic gap in Alcon's WaterInnovationsTM portfolio and may attract business away from both the high-end and low-end markets.

Since astigmatism is becoming more and more common, the toric sector is predicted to grow rapidly over the coming years. Myopia, hyperopia, and astigmatism can all be corrected with toric lenses. Additionally, a major factor contributing to the industry's growth is the increased focus on new product releases by contact lens market players.

Global Contact Lens Market By Modality

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Contact Lens Market Regional Insights

How Is Innovation in Vision Care Shaping the Contact Lens Market in North America?

As per the 2024 contact lens market regional forecast, North America continues to be a hub for the production of high-end contact lenses due to technological advancements and increased screen time. The region's modern, convenience-driven consumers are increasing demand for daily disposables, subscription-based models, and smart lenses. Environmentally friendly packaging and lenses that reduce digital eye strain are also gaining popularity in the US and Canada.

US Contact Lens Market

The U.S. contact lens industry is developed and innovative because there is a strong demand for high-performance lenses and a strong network of optometrists. The Acuvue Oasys MAX 1-Day lenses, designed specifically for users of computer screens, were introduced by Johnson & Johnson Vision in 2024. Additionally, Mojo Vision advances by testing smart lenses that can monitor your health. The increasing demand for vision correction that is comfortable, provides health information, and employs the newest technology is satisfied by these new products.

Canada Contact Lens Market

The demand for health-related products, eco-conscious consumers, and increased online sales are the main drivers of Canada's contact lens industry's steady growth. Professionals and others who work from home increased their memberships by 22% in 2025, according to Clearly.ca. By creating lens packaging that decomposes naturally, CooperVision joined Canada's movement towards a more sustainable future. Due to their comfort, silicone hydrogel lenses and daily disposables are growing in popularity. This is particularly true for those who live in cities like Toronto and Vancouver and are active.

How are Personalization and Eco-Friendly Practices Driving Europe’s Contact Lens Market?

The contact lens industry is being impacted by Europeans who are very concerned about cleanliness, environmental responsibility, and products that suit their lifestyle. The region's economy grows steadily thanks to a robust optometric infrastructure and rising demand for environmentally friendly and technologically advanced lenses. The use of hybrid lenses, blue-light filtering products, and daily disposables is growing.

UK Contact Lens Market

Demand is increasing in the UK as a result of growing awareness of digital eye strain and a significant trend toward daily disposables with a hygiene focus. According to Boots Opticians, a 30% increase in prescriptions in 2024 made it possible for them to expand their in-house selection of lenses. British consumers are concerned about the environment, convenience, and health. Eco-friendly packaging and subscription services are growing in popularity. The industry is also being impacted by successful wellness initiatives and digital health.

France Contact Lens Market

People who care about comfort and design as well as those who care about the environment make up the French contact lens market. Breathable, fashionable glasses that complement active and professional lifestyles are becoming more and more popular in cities like Paris. In 2024, Alain Afflelou debuted larger collections of environmentally friendly lenses in an effort to draw in young people who are concerned about their health. Because of the increasing demand for stable, soft lenses that don't irritate the eyes, hybrid products are becoming more and more popular. The growing popularity of yoga and jogging also helps with this.

Germany Contact Lens Market

An older but tech-savvy population that seeks comfort, clarity, and the newest lens materials is driving the contact lens market in Germany. People in Germany prefer long-lasting, air-permeable lenses because the country has a robust optical industry. According to the Fielmann Group, sales of multifocal and toric lenses increased by 19% in 2024 in places like Berlin and Munich. Focusing on sustainability and customization is crucial as interest in modular lens trials and UV-protective features increases.

What Factors are Driving Young Urban Consumers Toward Daily Disposables in Asia-Pacific?

The contact lens market in Asia-Pacific is expanding rapidly due to increased urbanization, the need for vision correction, and the use of cosmetic lenses. Although nations like South Korea and Japan are setting the standard for embracing new styles and technologies, businesses are finding it more difficult to launch new products due to digital eye strain. Hybrid tech-health lenses, color lenses, and daily disposables are all very common.

South Korea Contact Lens Market

Fashion, digital lifestyles, and eye health in relation to skin care are the main drivers of the South Korean contact lens market. Many people use contact lenses to improve their appearance and vision. Olens collaborated with K-pop celebrities in 2024 to create lenses that block UV rays and retain moisture. This demonstrated how beauty and health can coexist. Seoul residents are particularly receptive to smart packaging and high-tech features. High-end lenses are seen by them as a means of displaying their style as well as being useful.

Japan Contact Lens Market

The highly developed contact lens market in Japan is well-liked by both young and elderly individuals who are concerned about their health. The use of bifocal and UV-protective lenses is being driven by the elderly population. Menicon's Miru 1day Flat Pack lenses, which are portable and easy to maintain, saw an increase in sales in 2025. As wearable technology gradually finds its way into consumer goods, Tokyo and Osaka are setting the standard for the use of eco-friendly lenses and digital strain prevention.

Global Contact Lens Market By Geography
  • Largest
  • Fastest

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Contact Lens Market Dynamics

Contact Lens Market Drivers

Rise in Common Refractive Errors

  • One of the main causes of the global demand for contact lenses is the rise in visual issues like myopia, hyperopia, astigmatism, and presbyopia. The WHO estimates that over 2.2 billion people worldwide suffer from visual impairments. The demand for contact lenses, particularly daily and reusable ones, is rising as more and more people search for useful alternatives to glasses, which is one of the main factors driving the global market's expansion.

Increase in Aging Population

  • The need for more sophisticated vision correction technology is growing as the populations of North America, Europe, and Asia Pacific age. Presbyopia and other age-related visual impairments affect a large number of older adults. This increases the use of toric and multifocal lenses. An increasing number of senior citizens are choosing high-tech, comfortable lenses for better vision as life expectancy increases, and healthcare access improves globally.

Contact Lens Market Restraints

Possibility of Developing an Eye Infection or Experiencing Discomfort

  • Despite their growing popularity, contact lenses can still result in infections, dry eyes, and corneal ulcers. This is particularly true if they are not used appropriately. Many people are reluctant to switch from glasses to lenses because of these health concerns. Additionally, it is more difficult to use lenses safely due to a lack of knowledge about lens hygiene, particularly in developing nations, which hinders contact lens market penetration.

Expensive, High-End Lenses

  • Multifocal, toric, and daily disposable contact lenses are among the more expensive types. They are less accessible due to this cost barrier, particularly in developing nations. Additionally, because contact lenses are expensive to refill, maintain, and see an optometrist, middle-class and lower-class individuals would not want to purchase them. This would hinder market expansion and acceptance in nations where cost is a significant factor.

 

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Contact Lens Market Competitive Landscape

Companies in the cutthroat contact lens market use tactics like developing environmentally friendly products, acquiring other businesses, and creating new products. The PRECISION7 weekly lens, developed by Alcon in 2024, is designed for individuals who use lenses frequently. CooperVision's Energys line has been expanded to include digital strain. To improve moisture and UV protection, Johnson & Johnson created ACUVUE OASYS MAX. By improving comfort, emphasizing digital lives, and implementing eco-friendly practices, these companies are succeeding.

  • Mojo Vision (2015, US): By producing smart lenses with micro-displays that display information directly in front of the wearer's eyes, Mojo Vision, an innovative American company, is revolutionizing the contact lens market outlook. The business offers next-generation features by fusing augmented reality with medical monitoring. The work of Mojo Vision, which is still in the advanced stages of research, has the potential to improve visuals, overlay data in real time, and transform how we measure fitness.
  • InWith Corporation (2016, US): A state-of-the-art company called InWith Corporation produces soft electronic contact lenses with integrated biosensors and augmented reality interfaces. Sales were aided by the FDA's 2023 designation of digital therapeutic lenses as a breakthrough product. InWith aims to expand the capabilities of contact lenses for both consumer and medical technology applications. They aim to enable overlays, vision correction, and real-time health monitoring.

Top Player’s Company Profile

Recent Developments in Contact Lens Market

  • Hoya Corporation developed a new range of blue light-blocking contact lenses in July 2024. The goal was to shield the eyes from the damaging high-energy visual (HEV) light that screens emit. Younger people and office workers who spend a lot of time in front of screens are the target audience for these lenses. They are intended to improve vision comfort and lessen digital eye strain.
  • Bausch + Lomb announced in June 2024 that INFUSE for Astigmatism, a daily disposable contact lens designed specifically for astigmatics, would be available for purchase in the US. With the help of ProBalance Technology and the company's exclusive OpticAlign design, this lens aims to provide you with a comfortable, clear vision throughout the day. The material used to make the lens, Kalifilcon A, has a high moisture content and air flow, which helps with issues that astigmatics frequently face.
  • Carl Zeiss AG unveiled the improved UV protection of the ZEISS Contact Day 30 UV daily reusable lens in February 2024. Due to its smooth surface and high oxygen permeability, this lens is comfortable to wear daily for extended periods of time. Its advanced ingredients help to improve normal corneal function and lessen dry eyes, which is especially beneficial for people who use digital devices frequently.

Contact Lens Key Market Trends

Contact Lens Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, as more people are getting older, developing refractive issues, and having different visual needs due to lifestyle changes, the global contact lens market is expanding rapidly. The market is evolving due to technological advancements like smart lenses and environmentally friendly manufacturing. However, issues with cost and cleanliness still exist. Businesses are developing innovative, cozy, and environmentally friendly products to appeal to a diverse consumer base. The market is anticipated to grow steadily over the coming years in both established and emerging regions as consumers' awareness and preferences shift.

Report Metric Details
Market size value in 2023 USD 18.4 Billion
Market size value in 2032 USD 38.66 Billion
Growth Rate 8.6%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Modality
    • Reusable and Disposable
  • Material
    • Soft
    • Gas Permeable
  • Distribution Channel
    • Ophthalmologists
    • Retail Stores
    • Online Stores
  • Design
    • Toric
    • Multifocal
    • Spherical
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
Customization scope

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Contact Lens Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Contact Lens Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Contact Lens Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Contact Lens Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Contact Lens Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Contact Lens Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Global Contact Lens Market size was valued at USD 18.4 Billion in 2023 and is poised to grow from USD 19.98 Billion in 2024 to USD 38.66 Billion by 2032, growing at a CAGR of 8.6% in the forecast period (2025-2032).

Alcon Inc., Bausch + Lomb, Carl Zeiss Meditec AG, CooperVision Inc., Essilor International S.A., Contamac Ltd., Hoya Corporation, Johnson & Johnson Vision Care Inc., Menicon Co. Ltd., Novartis International AG, Oculus Inc., Seed Co. Ltd., STAAR Surgical Company, SynergEyes Inc., Tangible Science LLC, The Cooper Companies Inc., UltraVision CLPL, Visioneering Technologies Inc., X-Cel Specialty ContactsZEISS Group.

One of the main causes of the global demand for contact lenses is the rise in visual issues like myopia, hyperopia, astigmatism, and presbyopia. The WHO estimates that over 2.2 billion people worldwide suffer from visual impairments. The demand for contact lenses, particularly daily and reusable ones, is rising as more and more people search for useful alternatives to glasses, which is one of the main factors driving the global market's expansion.

Smart glasses with built-in technology are becoming more and more popular. Mojo View, for instance, produces AR-enabled lenses that project digital information directly into the wearer's field of vision. Additionally, some researchers are looking into eyewear that could help diabetics monitor their blood sugar levels. Due to these contact lens industry trends, contact lenses are no longer only used to correct vision; they are also being used to monitor health, which is drawing interest from both tech and medical companies.

As per the 2024 contact lens market regional forecast, North America continues to be a hub for the production of high-end contact lenses due to technological advancements and increased screen time. The region's modern, convenience-driven consumers are increasing demand for daily disposables, subscription-based models, and smart lenses. Environmentally friendly packaging and lenses that reduce digital eye strain are also gaining popularity in the US and Canada.

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