What is the global market size of Contact Lens Market?

Contact Lens Market size was valued at USD 14.6 billion in 2019 and is poised to grow from USD 15.4 billion in 2023 to USD 21.6 billion by 2031, growing at a CAGR of 4.3% in the forecast period (2024-2031).

What is the key driver of Global Contact Lens Market?

Regional and national government organisations’ efforts to increase awareness to curb the prevalence of refractive errors to boost the market growth.

Contact Lens Market Regional Analysis

Skyquest Technology's expert advisors have carried out comprehensive global market analysis on the contact lens market, covering regional industry trends and market insights. Our team of analysts have conducted in-depth primary and secondary research to provide regional industry analysis and forecast of contact lens market across North America, South America, Europe, Asia, the Middle East, and Africa.

Contact Lens Market Regional Insights

Why is North America a Top Region for Contact Lens Adoption?

High per capita income, advanced eye care systems, and strong online retail channels are helping North America spearhead global demand for contact lens. Increased screen usage from high digitization coupled with evolving fashion-driven preferences are also expected to help this region hold sway over others in the future. The presence of top contact lens providers is also cementing the dominance of North America.

Contact Lens Market in United States

Strong consumer purchasing power, advanced eye care infrastructure, and high prevalence of refractive errors are forecasted to help United States lead sales of contact lens. The surge in popularity of online eye care sales and tele-optometry services are also contributing to new business scope in the country. Presence of companies such as Johnson & Johnson Vision and Bausch + Lomb is also enhancing revenue generation potential in the United States.

Contact Lens Market in Canada

High standard of healthcare, strong optometry services, and consumer preference for daily disposables are anticipated to help Canada emerge as a opportune country. Rising rates of myopia especially among the youth population is also expected to promote the uptake of Contact Lens. Regulatory oversight ensures product safety and consumer trust, which further helps in sales expansion for contact lens vendors.

Will Contact Lens Demand be High in Asia Pacific?

Asia Pacific is the fastest growing region in the contact lens market due to its large youth population, increasing cases of myopia, and rising disposable income. Growing awareness about eye health and high willingness to spend on eye care are also slated to open new avenues of opportunities going forward. Expansion of optical retail chains is also a key factor promoting Contact Lens adoption.

Contact Lens Market in China

Rising myopia rates, expanding urban population, and increased fashion consciousness are top factors making China a top country for contact lens companies. Smart lens innovation is also expected to offer new business scope for market players in the country. Rise of social media and e-commerce in the country is also supplementing sales of Contact Lens.

Contact Lens Market in India

Demand for Contact Lens in India is slated to rise at a rapid pace owing to rising awareness regarding eye care and high disposable income. Cosmetic lenses are trendy among the youth, driven by social media and pop culture. The price-sensitive nature of the market is pushing companies to launch affordable Contact Lens. However, access to optometry in rural areas remains a challenge and limits the Indian market for reaching its full potential.

How Will Demand for Contact Lens Fare in Europe?

The presence of a well-established optometry infrastructure and widespread adoption of disposable lenses are helping create new business scope in Europe. Prioritization of hygiene, comfort, and convenience by European consumers is slated to boost the adoption of advanced silicone hydrogel materials and multifocal lenses. High eco-consciousness among consumers is also a key factor augmenting the sales of Contact Lens.

Contact Lens Market in United Kingdom

With a strong regulatory environment and consumer education, the United Kingdom is emerging as a strong market for contact lens suppliers. Ease of use and hygiene offered by daily disposable lenses are making them a popular choice in the country. Integration of optometry in National Health Service, improved eye care accessibility and regular vision checkups, which ultimately results in high demand for Contact Lens.

Contact Lens Market in Germany

Demand for high-quality healthcare, a strong preference for advanced lens materials, and growing demand among older adults with presbyopia are factors influencing contact lens demand in Germany. Despite being cautious buyers, German consumers are quick to adopt clinically backed innovations in Contact Lens. Robust regulatory framework ensures supply of safe and highly desirable Contact Lens.

Contact Lens Market Report Snapshots

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FAQs

Contact Lens Market size was valued at USD 15.4 Billion in 2023 and is poised to grow from USD 16.06 Billion in 2024 to USD 22.53 Billion by 2032, growing at a CAGR of 4.3% during the forecast period (2025-2032).

Alcon, Bausch + Lomb, Cooper Companies Inc., and Johnson & Johnson Vision Care, Inc. have a robust distribution network that has helped them dominate the market. Cooper Companies Inc., Alcon, and Johnson & Johnson Vision Care, Inc. are among the leading companies that have consolidated the global market. The broad range of products offered by these devices, clever alliances, and a powerful distribution network is credited with these businesses' supremacy in the market. The major market players are introducing technologically sophisticated products to obtain an advantage over rival market competitors. For instance, Alcon announced in January 2022 that Dailies TOTAL1 would be available to astigmatic patients in the United States. The first water gradient lens was introduced to give patients a comfortable fit. The other market participants, such as Carl Zeiss Meditec AG, Hoya Corporation, and Menicon Co., Ltd., are also concentrating on expansion strategies to serve emerging markets around the world. 'Alcon Inc. (Switzerland) ', 'Bausch + Lomb (United States) ', 'Carl Zeiss Meditec AG (Germany) ', 'CooperVision Inc. (United States) ', 'Essilor International S.A. (France) ', 'Contamac Ltd. (United Kingdom) ', 'Hoya Corporation (Japan) ', 'Johnson & Johnson Vision Care Inc. (United States) ', 'Menicon Co. Ltd. (Japan) ', 'Novartis International AG (Switzerland) ', 'Oculus Inc. (United States) ', 'Seed Co. Ltd. (Japan) ', 'STAAR Surgical Company (United States) ', 'SynergEyes Inc. (United States) ', 'Tangible Science LLC (United States) ', 'The Cooper Companies Inc. (United States) ', 'UltraVision CLPL (United States) ', 'Visioneering Technologies Inc. (United States) ', 'X-Cel Specialty Contacts (United States) ', 'ZEISS Group (Germany)'

As Presbyopia and myopia are rapidly becoming common among kids and adults, numerous vision impairment cases are being registered. Emerging economies are showcasing a resistance against vision correction and a general lack of awareness. As per a data published by WHO in 2021, around 2.2 billion people across the globe are experiencing farsightedness and nearsightedness but around 1 billion among them are undiagnosed. The majority of cases were due to uncorrected refractive and cataracts.

High-tech lenses are being created by scientists for a variety of purposes, such as monitoring eye health and enlarging images for the blind. Consumer usage of these emerging lenses has not yet been authorised. Others have only recently been developed, while some are now being studied in human clinical studies. People with allergies may soon find respite from their symptoms due to a new type of contact lens that releases antihistamines. Johnson & Johnson has created a disposable lens that comes pre-filled with an anti-itching medication. The lenses continuously deliver the medication ketotifen. People who wear contact lenses and have to take their lenses out in order to apply antihistamine eye drops may find this to be of particular use.

North America held the majority of the contact lens market share of 35% for contact lenses. Refractive error sufferers are increasing in number, patients are more aware of vision correction treatments, and market players are putting more emphasis on strategic partnerships and collaborations. These are the primary causes of the market expansion in North America, so to speak. For instance, Menicon, a top producer of cutting-edge lenses, and Johnson & Johnson Vision announced a global strategic partnership in April 2021. The goal of this partnership was to develop therapeutic lenses to stop the spread and progression of myopia in children, a condition that is becoming more and more common. Additionally, it's probable that gradually more Americans will start wearing lenses.