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Global Contact Lenses Market - Focused Insights 2024-2029

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    Report

  • 136 Pages
  • October 2023
  • Region: Global
  • Arizton
  • ID: 5891733
1h Free Analyst Time
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This report offers market size & forecast data for the global contact lenses market. The revenue generated from the sale of contact lenses is included in the report. The Lens care products and solutions, consultation, and fees charged by eyecare professionals are excluded from the scope of the report. This report provides a comprehensive and current market scenario of the global contact lenses market, including the global contact lenses market size, anticipated market forecast, relevant market segmentations, and industry trends.

The study considers a detailed scenario of the present global contact lenses market and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.

Key Highlights

  • The global contact lenses market was valued at $9.77 billion in 2023 and is expected to reach $13.57 billion by 2029, growing at a CAGR of 5.62%.
  • The demand for contact lenses is on the rise due to multiple factors, including the increasing geriatric population, growing consumer awareness regarding contact lens usage, high prevalence of chronic eye diseases, and increasing adoption of contact lenses.
  • In 2023, North America accounted for a significant revenue share of 37.22% and was the largest market, followed by APAC (26.76%), Europe (23.99%), Latin America (7.94%) and then Middle-East and Africa (4.09%) in global contact lenses market.
  • In 2023, the APAC contact lenses market was valued at $2.61 billion, which is expected to grow at a CAGR of 6.66% to reach $3.84 billion by 2029. The increasing focus on the development of new products is driving the APAC market.
  • By Design type segmentation, the spherical contact lenses segment accounted for the highest share of 67.11% in 2023 and is projected to grow at the CAGR of 5.11% during the forecast period. Factors such as technical developments and exact fittings of spherical lenses are propelling the growth of the segment.
  • By Application segmentation, the corrective contact lenses segment accounted for the highest share of 59.25% in 2023 and is projected to grow at the CAGR of 5.82% during the forecast period. This dominance can be attributed to the rise in geriatric population, increasing prevalence of chronic eye disorders, and rising awareness of contact lenses.
  • Johnson & Johnson Vision, Alcon Inc, CooperVision, HOYA Corp, Bausch+Lomb and EssilorLuxottica are some of the leading players currently dominating the global contact lenses market. The major players focus on strategic acquisitions, collaborations with emerging players to enter the contact lenses market and to gain access to commercially launched products.

VENDORS LIST

1. Johnson & Johnson Vision
2. CooperVision
3. Alcon Inc
4. Bausch + Lomb
5. HOYA Corp
6. EssilorLuxottica
7. Menicon
8. Carl Zeiss Meditec
9. SynergEyes
10. X-Cel Specialty Contacts
11. ClearLab
12. STAAR Surgical
13. Visioneering Technologies Inc
14. Solotica
15. Sensimed AG
16. Oculus Private Limited
17. NeoVision
18. Interojo
19. Clerio Vision
20. Contamac
21. Maxvue Vision
22. St. Shine Optical
23. BenQ Material
24. Ultravision CLPL
25. Seed Co Ltd
26. Aqualens
27. Feel Good Contacts
28. Bescon
29. CAMAX OPTICAL
30. Medios
31. POLYTOUCH
32. Shanghai Weicon Optical
33. Ginko International

PRODUCT SEGMENTATION & FORECAST

Application

  • Corrective
  • Therapeutic
  • Cosmetic

Design

  • Spherical
  • Toric
  • Multifocal

Usage

  • Daily Disposable
  • Frequent Replacement

Distribution

  • Retail Stores
  • Hospitals & Eye Clinics
  • Online Stores

Material

  • Silicone Hydrogel
  • Hydrogel
  • Others

MARKET STRUCTURE

  • Market Dynamics
  • Competitive Landscape of Contact Lenses Market
  • Key Vendors
  • Other Prominent Vendors

APPENDIX

  • Research Methodology
  • Abbreviations

Table of Contents

Chapter - 1: Contact Lenses Market Overview
  • Executive Summary
  • Key Findings
Chapter - 2: Contact Lenses Market
  • Global: Projected Revenue of Contact Lenses Market (2023-2029; $Billions)
Chapter - 3: Contact Lenses Market Segmentation Data
  • Global: Projected Revenue by Application (2023-2029; $Billions)
    • Corrective
    • Therapeutic
    • Cosmetic
  • Global: Projected Revenue by Design (2023-2029; $Billions)
    • Spherical
    • Toric
    • Multifocal
  • Global: Projected Revenue by Usage (2023-2029; $Billions)
    • Daily Disposable
    • Frequent Replacement
  • Global: Projected Revenue by Distribution Channel (2023-2029; $Billions)
    • Retail Stores
    • Hospitals & Eye Clinics
    • Online Stores
  • Global: Projected Revenue by Material (2023-2029; $Billions)
    • Silicone Hydrogels
    • Hydrogels
    • Others
Chapter - 4: Key Regions Overview
  • North America: Projected Revenue of Contact Lenses Market (2023-2029; $Billions)
    • Projected Revenue of Contact Lenses Market in US
    • Projected Revenue of Contact Lenses Market in Canada
  • Europe: Projected Revenue of Contact Lenses Market (2023-2029; $Billions)
    • Projected Revenue of Contact Lenses Market in Germany
    • Projected Revenue of Contact Lenses Market in France
    • Projected Revenue of Contact Lenses Market in UK
    • Projected Revenue of Contact Lenses Market in Spain
    • Projected Revenue of Contact Lenses Market in Italy
  • APAC: Projected Revenue of Contact Lenses Market (2023-2029; $Billions)
    • Projected Revenue of Contact Lenses Market in Japan
    • Projected Revenue of Contact Lenses Market in China
    • Projected Revenue of Contact Lenses Market in India
  • Latin America: Projected Revenue of Contact Lenses Market (2023-2029; $Billions)
    • Projected Revenue of Contact Lenses Market in Brazil
    • Projected Revenue of Contact Lenses Market in Mexico
    • Projected Revenue of Contact Lenses Market in Argentina
  • Middle East & Africa: Projected Revenue of Contact Lenses Market (2023-2029; $Billions)
    • Projected Revenue of Contact Lenses Market in Turkey
    • Projected Revenue of Contact Lenses Market in South Africa
    • Projected Revenue of Contact Lenses Market in Saudi Arabia
Chapter - 5: Contact Lenses Market Prospects & Opportunities
  • Contact Lenses Market Opportunities & Trends
  • Contact Lenses Market Drivers
  • Contact Lenses Market Constraints
Chapter - 6: Contact Lenses Industry Overview
  • Contact Lenses Market - Competitive Landscape
  • Contact Lenses Market - Key Vendor Profiles
  • Contact Lenses Market - Other Prominent Vendors
  • Contact Lenses Market - Key Strategic Recommendations
Chapter - 7: Appendix
  • Research Methodology
  • Abbreviations
List of Exhibits
Exhibit 1: Projected Revenues of Contact Lenses in Global ($ Bn)
Exhibit 2: Projected Revenue of Contact Lenses by Corrective ($ Bn)
Exhibit 3: Projected Revenue of Contact Lenses by Therapeutic ($ Bn)
Exhibit 4: Projected Revenues of Contact Lenses by Cosmetic ($ Bn)
Exhibit 5: Projected Revenues of Contact Lenses by Spherical ($ Bn)
Exhibit 6: Projected Revenues of Contact Lenses by Toric ($ Bn)
Exhibit 7: Projected Revenues of Contact Lenses by Multifocal ($ Bn)
Exhibit 8: Projected Revenues of Contact Lenses by Daily Disposable ($ Bn)
Exhibit 9: Projected Revenues of Contact Lenses by Frequent Replacement ($ Bn)
Exhibit 10: Projected Revenues of Contact Lenses by Retail Stores ($ Bn)
Exhibit 11: Projected Revenues of Contact Lenses by Hospitals ($ Bn)
Exhibit 12: Projected Revenues of Contact Lenses by Online ($ Bn)
Exhibit 13: Projected Revenues of Contact Lenses by Silicone Hydrogels ($ Bn)
Exhibit 14: Projected Revenues of Contact Lenses by Hydrogels ($ Bn)
Exhibit 15: Projected Revenues of Contact Lenses by Others ($ Bn)
Exhibit 16: Projected Revenues of Contact Lenses in North America ($ Bn)
Exhibit 17: Projected Revenues of Contact Lenses in Us ($ Bn)
Exhibit 18: Projected Revenues of Contact Lenses in Canada ($ Bn)
Exhibit 19: Projected Revenues of Contact Lenses in Europe ($ Bn)
Exhibit 20: Projected Revenues of Contact Lenses in Germany ($ Bn)
Exhibit 21: Projected Revenues of Contact Lenses in France ($ Bn)
Exhibit 22: Projected Revenues of Contact Lenses in UK ($ Bn)
Exhibit 23: Projected Revenues of Contact Lenses in Italy ($ Bn)
Exhibit 24: Projected Revenues of Contact Lenses in Spain ($ Bn)
Exhibit 25: Projected Revenues of Contact Lenses in APAC ($ Bn)
Exhibit 26: Projected Revenues of Contact Lenses in Japan ($ Bn)
Exhibit 27: Projected Revenues of Contact Lenses in China ($ Bn)
Exhibit 28: Projected Revenues of Contact Lenses in India ($ Bn)
Exhibit 29: Projected Revenues of Contact Lenses in Latin America ($ Bn)
Exhibit 30: Projected Revenues of Contact Lenses in Brazil ($ Bn)
Exhibit 31: Projected Revenues of Contact Lenses in Mexico ($ Bn)
Exhibit 32: Projected Revenues of Contact Lenses in Argentina ($ Bn)
Exhibit 33: Projected Revenues of Contact Lenses in Middle East & Africa ($ Bn)
Exhibit 34: Projected Revenues of Contact Lenses in Turkey ($ Bn)
Exhibit 35: Projected Revenues of Contact Lenses in South Africa ($ Bn)
Exhibit 36: Projected Revenues of Contact Lenses in Saudi Arabia ($ Bn)
List of Tables
Table 1: Key Market Trends in Contact Lenses Market
Table 2: Key Market Enablers in Contact Lenses Market
Table 3: Key Market Constraints in Contact Lenses Market
Table 4: Strategic Recommendations in Contact Lenses Market

Companies Mentioned

  • Johnson & Johnson Vision
  • CooperVision
  • Alcon Inc.
  • Bausch + Lomb
  • HOYA Corp
  • EssilorLuxottica
  • Menicon
  • Carl Zeiss Meditec
  • SynergEyes
  • X-Cel Specialty Contacts
  • ClearLab
  • STAAR Surgical
  • Visioneering Technologies Inc.
  • Solotica
  • Sensimed AG
  • Oculus Private Limited
  • NeoVision
  • Interojo
  • Clerio Vision
  • Contamac
  • Maxvue Vision
  • St. Shine Optical
  • BenQ Material
  • Ultravision CLPL
  • Seed Co Ltd.
  • Aqualens
  • Feel Good Contacts
  • Bescon
  • CAMAX OPTICAL
  • Medios
  • POLYTOUCH
  • Shanghai Weicon Optical
  • Ginko International

Methodology


Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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Table Information

Report AttributeDetails
No. of Pages136
PublishedOctober 2023
Forecast Period2023 - 2029
Estimated Market Value ( USD ) in 2023 $ 9.77 Billion
Forecasted Market Value ( USD ) by 2029 $ 13.57 Billion
Compound Annual Growth Rate5.6%
Regions CoveredGlobal
No. of Companies Mentioned33

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About the Contact Lenses Market

The Contact Lenses market is a subset of the Optical industry, which includes products and services related to vision care. Contact lenses are thin, curved lenses that are placed directly on the surface of the eye to correct vision. They are typically made of a flexible plastic material and are available in both corrective and cosmetic varieties. Contact lenses are used to correct refractive errors such as nearsightedness, farsightedness, and astigmatism. They can also be used to change the color of the eyes or to correct certain eye conditions. The Contact Lenses market is highly competitive, with a variety of manufacturers offering a wide range of products. Companies such as Johnson & Johnson, CooperVision, Bausch + Lomb, and Alcon are some of the major players in the market. Other companies include Ciba Vision, Menicon, and Hydrogel Vision. Show Less Read more

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