India Contact Lenses Market, By Material Type (Silicone Hydrogel, Hydrogel, Others), By Design Type (Spherical, Toric, Multifocal, Others), By Application (Corrective, Cosmetic, Others), By Wear Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2028

The Indian Contact Lens Market was valued at USD574.26 Million in 2022, which may grow with a 4.73% CAGR during the forecast period 2023-2028, thus attaining a market value of USD764.77 Million by 2028. The market growth may be supported by growing cosmetic lens demands, mainly among the young generation in the country. Prevailing eye conditions, weaker eye sights coupled with growing adaptation of contact lenses being preferred over eyeglasses are expected to drive further the Indian Contact Lens Market growth in the next five years. Rising cases of eye infections caused due to malpractice in the application of eye lenses and poor keeping and maintenance of the contact lenses may hinder the growth of the market.



High prevalence of optical disorders related to eyesight and vision of the patient like hypermetropia, myopia, and astigmatism for the correction of refractive errors also supports the growth of the Indian Contact Lens Market in the next five years. Humans at old age over 60+ years tend to have weaker eyesight and may incur higher risks of eye infection and disorders; thus, increasing geriatric population of the country further substantiates the growth of the Indian Contact Lens Market in the future five years. Aesthetic contact lenses with variant colors, and tints, along with the rising disposable income of the population, are further aiding the growth of the Indian Contact Lens Market in the forecast years through 2028.

The Indian Contact Lens Market is segmented by material type, design, application, wear type, distribution channel, regional distribution, and competitional forecast. Based on material type, the market is segmented into silicone hydrogel, hydrogel, and others. By design, the market is fragmented into spherical, toric, multifocal, and others. Based on application, the market is bifurcated into corrective, cosmetic, and others. By wear type, the market is differentiated into monthly disposable, daily disposable, yearly disposable, Based on distribution channel, the market is also distinguished into retails stores, online and hospitals & clinics. The market is also analyzed among the four regions of the country, North, South, East, and West.

By application, corrective applications of the contact lenses are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years due to increasing instances of weak eyesight and growing vision disorders among the population. Prolonged exposure to LED screens and excessive use of smartphones, laptops, and television further drives the market's growth. The market growth is also fueled by the geriatric population actively adapting corrective lenses over eyeglasses.

Bausch & Lomb India Private Limited, Alcon Laboratories (India) Pvt. Ltd., Johnson & Johnson Private Limited, CVI Contact Lenses India Pvt. Ltd., Zeiss India are among the major market players in the Indian platform that lead the market growth of the Indian Contact Lens Market.

Years considered for this report:

• Historical Years: 2018- 2021
• Base Year: 2022
• Estimated Year: 2023
• Forecast Period: 2024 - 2028

Objective of the Study:

• To analyze the market size of the Indian Contact Lens Market from 2018 to 2021.
• To estimate and forecast the market size of the Indian Contact Lens Market from 2022 to 2028 and growth rate until 2028.
• To classify and forecast the Indian Contact Lens Market based on material type, design, application, wear type, distribution channel, regional distribution, and competitional forecast.
• To identify dominant region or segment in the Indian Contact Lens Market.
• To identify drivers and challenges for the Indian Contact Lens Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Contact Lens Market.
• To identify and analyze the profile of leading players operating in the Indian Contact Lens Market.
• To identify key sustainable strategies adopted by the market players in the Indian Contact Lens Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the service providers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across India.

The publisher calculated the market size of the Indian Contact Lens Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• Manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to contact lens
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:

In this report, the Indian Contact Lens Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Contact Lenses Market, By Material Type:

• Silicon Hydrogel
• Hydrogel
• Others

Contact Lenses Market, By Design Type:

• Spherical
• Toric
• Multi-focal
• Others

Contact Lenses Market, By Application

• Corrective
• Cosmetic
• Others

Contact lenses Market, By Wear Type:

• Monthly Disposable
• Daily Disposable
• Yearly Disposable

Contact Lenses Market, By Distribution Channel:

• Retail Stores
• Online
• Hospitals & Clinics

Contact Lenses Market, By Region:

• North
• South
• West
• East

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Indian Contact Lens Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.