Contact Lenses Market Size

Global Contact Lenses 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% during the forecast period (2025-2032).

Growing prevalence of eye disorders, high demand for cosmetic lenses, advancements in lens design, rising use in sports and active lifestyles, and rising awareness in emerging economies are slated to bolster demand for contact lenses through 2032.

The rising global incidence of myopia, hyperopia, astigmatism, and presbyopia is a key driver of contact lens demand. With growing screen time, digital eye strain and early-onset myopia are increasing thereby favoring the global contact lenses market growth. High social media influence and technological advancements in lens design are also boosting demand for cosmetic contact lenses. Advantages offered by contact lenses over spectacles are promoting their adoption among athletes and fitness enthusiasts.

On the contrary, high costs of premium lenses, risk of eye infections, availability of cheaper alternatives, limited penetration in developing region, and environmental concerns regarding disposable lenses are anticipated to inhibit the sales contact lenses across the forecast period.

How Can AI Change the Future Contact Lens Adoption?

High demand for personalized eye care is projected to boost integration of artificial intelligence technology in the contact lenses industry. Advanced imaging tools and machine learning analyze corneal shape, tear composition, and usage patterns to suggest optimal lens types. This reduces discomfort, increases adoption, and minimizes trial-and-error fittings. E-commerce platforms are also integrating AI for lens recommendations and virtual consultations. As consumer expectations shift toward tailored healthcare experiences, personalized lenses—whether for comfort, correction, or aesthetics—are seeing increasing demand.

How are Startups Altering the Worldview with their Contact Lenses?

Innovation remains the top priority for all contact lens startups to stay competitive. Here are some startups that are estimated to change the trajectory of contact lens business in the long run.

• Mojo Vision: This United States-based start-up is focusing on developing smart contact lenses with built-in microdisplays, sensors, and wireless connectivity. The flagship product of this company called Mojo Lens aims to deliver real-time information directly into the wearer’s field of view with augmented reality and vision enhancement. The 2015-founded company is focusing on pushing boundaries between medical devices and wearable tech.

• EyeLens: EyeLens is an Indian D2C startup offering affordable, cosmetic, and prescription contact lenses through e-commerce. The company takes a fashion-forward approach on vision correction to attract urban Gen Z and millennial consumers. The 2018-founded company offers virtual try-ons and subscription delivery models and aims to capitalize on personal care digitization.