U.S. Contact Lenses Market Size, Share, Growth Analysis, By Modality Analysis(Based on modality, the market is segmented into reusable and disposable.), By Design Analysis(Based on design, the market is segmented into toric), By Distribution Channel Analysis(Based on distribution channel, the market is segmented into ophthalmologists), By Modality(Reusable, Disposable), By Design(Toric, Multifocal), By Distribution Channel(Ophthalmologists, Retail Stores), By Region/Country(Northeast, Southeast) - Industry Forecast 2024-2031

Segmentation Analysis:

The U.S. Contact Lenses Market is segmented by Modality Analysis, Design Analysis, Distribution Channel Analysis, Modality, Design, Distribution Channel, Region/Country. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

• Based on Modality Analysis the market is segmented as, Based on modality, the market is segmented into reusable and disposable., The reusable segment held a dominant share in 2022. However, the segment is anticipated to register moderate CAGR during the forecast period. Primary reason attributed to the moderate growth of the segment include increasing number of new products introduced in the disposable segment, and increasing preference of lens wearers towards disposable lenses., In June 2023, Bausch + Lomb announced the launch of its daily disposable contact lens brand called Infuse – multifocal silicon hydrogel lenses in the U.S.
• Based on Design Analysis the market is segmented as, Based on design, the market is segmented into toric, multifocal, and spherical., The spherical segment accounted for the largest share in the market in 2022. The dominance is due to the high efficiency exhibited by these lenses in managing myopia, presbyopia, and hyperopia.
• Based on Distribution Channel Analysis the market is segmented as, Based on distribution channel, the market is segmented into ophthalmologists, retail stores, and online stores., Retail stores segment held the largest share in the market in 2022. The initiatives of key players to partner with retail stores and offer high discounts for the products to increase the penetration of the products are some of the prominent factors for the growth of the segment. The continuous focus of the companies to develop and introduce innovative and technologically advanced lenses for managing various refractive errors is attributable to the strong performance of the companies in the country. Alcon Inc., Bausch & Lomb Incorporated, HOYA Corporation, Carl Zeiss Meditec AG, are some of the major companies operating in the U.S. market. The strong focus of these companies to launch new products is one of the major factors driving the growth of these companies in the U.S. market. For instance, in June 2022, Bausch & Lomb Incorporated launched Revive, a custom soft contact lens in the U.S., expanding its product portfolio., Recent Developments:, March 2023 – The Cooper Companies Inc., launched MyDay Energys lenses in the U.S., with an aim to address the symptoms of pervasive digital eye strain., March 2022 – Johnson & Johnson Vision Care, Inc., received the U.S. FDA approval for ACUVUE Theravision with Ketotifen, a disposable lenses for vision correction in patients with itchy allergy eyes due to allergic conjunctivitis., January 2022 – Alcon Inc., launched DAILIES TOTAL1 water gradient lenses designed for astigmatic patients in the U.S. market., KEY MARKET SEGMENTS
• Based on Modality the market is segmented as, Reusable, Disposable
• Based on Design the market is segmented as, Toric, Multifocal, Spherical
• Based on Distribution Channel the market is segmented as, Ophthalmologists, Retail Stores, Online Stores
• Based on Region/Country the market is segmented as, Northeast, Southeast, Midwest, Southwest