Contact Lenses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global contact lenses market size reached US$ 7.6 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 10.8 Billion by 2027, exhibiting a CAGR of 6.03% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Contact lenses are medical devices placed on the tear film covering of the cornea to improve the vision of individuals with refractive errors, such as myopia, hyperopia, astigmatism, and presbyopia. They are made using thin, transparent plastic disks and can be given a slight tint of color to enhance the hues and make handling easier. They usually require a prescription from the eye specialist to prevent future complications, including infection, inflammation, and vision loss or blindness. Nowadays, several companies worldwide are offering customized lenses in various designs, depending on their intended purpose.

Contact Lenses Market Trends:

The increasing incidence of common eye disorders and diseases represents one of the key factors bolstering the market growth. As vision grows weaker with age, the growing geriatric population worldwide is positively influencing the demand for contact lenses for vision correction around the world. Apart from this, contact lenses offer several advantages over eyeglasses, including better peripheral vision, unobstructed field of view, and less likelihood of getting splattered. This, along with the rising participation of individuals in sports and physical activities, is increasing the adoption of contact lenses to minimize the risk of injury, provide better compatibility with safety equipment, and enhance the performance of both individuals and athletes. Moreover, special lenses have been introduced to slow the progression of nearsightedness in children. They assist in treating keratoconus and other corneal irregularities. Furthermore, the leading players are manufacturing ultra-violet (UV) inhibiting lenses that protect eyes from sun rays, which can cause cataracts and other eye problems. They are also launching innovative colored lenses for cosmetic purposes, which is anticipated to stimulate the growth of the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global contact lenses market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material, design, usage, application and distribution channel.

Breakup by Material:

Gas Permeable
Silicone Hydrogel
Hybrid
Others

Breakup by Design:

Spherical
Toric
Multifocal
Others

Breakup by Usage:

Daily Disposable
Disposable
Frequently Replacement
Traditional

Breakup by Application:

Corrective
Therapeutic
Cosmetic
Prosthetic
Lifestyle-oriented

Breakup by Distribution Channel:

E-commerce
Eye Care Practitioners
Retail Stores

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alton Vision LLC, Bausch & Lomb Incorporated, Carl Zeiss AG, Contamac Holdings Limited, EssilorLuxottica SA, Hoya Corporation, Johnson & Johnson Services, Inc., Menicon Co. Limited, SEED Co. Limited, SynergEyes Inc., and Cooper Companies Inc.

Key Questions Answered in This Report:

How has the global contact lenses market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global contact lenses market?
What are the key regional markets?
What is the breakup of the market based on the material?
What is the breakup of the market based on the design?
What is the breakup of the market based on the usage?
What is the breakup of the market based on the application?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global contact lenses market and who are the key players?
What is the degree of competition in the industry?

Frequently Asked Questions about the Global Contact Lenses Market

What is the estimated value of the Global Contact Lenses Market?

The Global Contact Lenses Market was estimated to be valued at $7.6 Billion in 2021.

What is the growth rate of the Global Contact Lenses Market?

The growth rate of the Global Contact Lenses Market is 6.0%, with an estimated value of $10.8 Billion by 2027.

What is the forecasted size of the Global Contact Lenses Market?

The Global Contact Lenses Market is estimated to be worth $10.8 Billion by 2027.

Who are the key companies in the Global Contact Lenses Market?

Key companies in the Global Contact Lenses Market include Alton Vision LLC, Bausch & Lomb Incorporated, Carl Zeiss AG, Contamac Holdings Limited, EssilorLuxottica SA, Hoya Corporation, Johnson & Johnson Services Inc., Menicon Co. Limited, SEED Co. Limited and SynergEyes Inc..

Report Attribute	Details
No. of Pages	147
Published	September 2022
Forecast Period	2021 - 2027
Estimated Market Value ( USD ) in 2021	$ 7.6 Billion
Forecasted Market Value ( USD ) by 2027	$ 10.8 Billion
Compound Annual Growth Rate	6.0%
Regions Covered	Global
No. of Companies Mentioned	11

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Contact Lenses Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Material

6.1 Gas Permeable
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Silicone Hydrogel
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Hybrid
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Design

7.1 Spherical
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Toric
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Multifocal
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by Usage

8.1 Daily Disposable
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Disposable
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Frequently Replacement
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Traditional
8.4.1 Market Trends
8.4.2 Market Forecast

9 Market Breakup by Application

9.1 Corrective
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Therapeutic
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Cosmetic
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Prosthetic
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Lifestyle-oriented
9.5.1 Market Trends
9.5.2 Market Forecast

10 Market Breakup by Distribution Channel

10.1 E-commerce
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Eye Care Practitioners
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Retail Stores
10.3.1 Market Trends
10.3.2 Market Forecast

11 Market Breakup by Region

11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast

12 SWOT Analysis

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 Value Chain Analysis

14 Porters Five Forces Analysis

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape

16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Alton Vision LLC
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.2 Bausch & Lomb Incorporated
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Carl Zeiss AG
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Contamac Holdings Limited
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 EssilorLuxottica SA
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.6 Hoya Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Johnson & Johnson Services, Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Menicon Co. Limited
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 SEED Co. Limited
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.10 SynergEyes Inc.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Cooper Companies Inc.
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Contact Lenses Market: Major Drivers and Challenges
Figure 2: Global: Contact Lenses Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Contact Lenses Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Contact Lenses Market: Breakup by Material (in %), 2021
Figure 5: Global: Contact Lenses Market: Breakup by Design (in %), 2021
Figure 6: Global: Contact Lenses Market: Breakup by Usage (in %), 2021
Figure 7: Global: Contact Lenses Market: Breakup by Application (in %), 2021
Figure 8: Global: Contact Lenses Market: Breakup by Distribution Channel (in %), 2021
Figure 9: Global: Contact Lenses Market: Breakup by Region (in %), 2021
Figure 10: Global: Contact Lenses (Gas Permeable) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Contact Lenses (Gas Permeable) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Contact Lenses (Silicone Hydrogel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Contact Lenses (Silicone Hydrogel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Contact Lenses (Hybrid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Contact Lenses (Hybrid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Contact Lenses (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Contact Lenses (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Contact Lenses (Spherical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Contact Lenses (Spherical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Contact Lenses (Toric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Contact Lenses (Toric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Contact Lenses (Multifocal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Contact Lenses (Multifocal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Contact Lenses (Other Designs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Contact Lenses (Other Designs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Contact Lenses (Daily Disposable) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Contact Lenses (Daily Disposable) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Contact Lenses (Disposable) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Contact Lenses (Disposable) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Contact Lenses (Frequently Replacement) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Contact Lenses (Frequently Replacement) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Contact Lenses (Traditional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Contact Lenses (Traditional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Contact Lenses (Corrective) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Contact Lenses (Corrective) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Contact Lenses (Therapeutic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Contact Lenses (Therapeutic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Contact Lenses (Cosmetic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Contact Lenses (Cosmetic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Contact Lenses (Prosthetic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Contact Lenses (Prosthetic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Contact Lenses (Lifestyle-oriented) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Contact Lenses (Lifestyle-oriented) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Contact Lenses (E-commerce) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Contact Lenses (E-commerce) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Contact Lenses (Eye Care Practitioners) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Contact Lenses (Eye Care Practitioners) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: Contact Lenses (Retail Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: Contact Lenses (Retail Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: North America: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: North America: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United States: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United States: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Canada: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Canada: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Asia-Pacific: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Asia-Pacific: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: China: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: China: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Japan: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Japan: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: India: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: India: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: South Korea: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: South Korea: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Australia: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Australia: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Indonesia: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Indonesia: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Others: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Others: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Europe: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Europe: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Germany: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Germany: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: France: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: France: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: United Kingdom: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: United Kingdom: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Italy: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Italy: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Spain: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Spain: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Russia: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Russia: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Others: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Others: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Latin America: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Latin America: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Brazil: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Brazil: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Mexico: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Mexico: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Others: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Others: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 96: Middle East and Africa: Contact Lenses Market: Sales Value (in Million US$), 2016 & 2021
Figure 97: Middle East and Africa: Contact Lenses Market: Breakup by Country (in %), 2021
Figure 98: Middle East and Africa: Contact Lenses Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 99: Global: Contact Lenses Industry: SWOT Analysis
Figure 100: Global: Contact Lenses Industry: Value Chain Analysis
Figure 101: Global: Contact Lenses Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Contact Lenses Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Contact Lenses Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 3: Global: Contact Lenses Market Forecast: Breakup by Design (in Million US$), 2022-2027
Table 4: Global: Contact Lenses Market Forecast: Breakup by Usage (in Million US$), 2022-2027
Table 5: Global: Contact Lenses Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Contact Lenses Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 7: Global: Contact Lenses Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Contact Lenses Market: Competitive Structure
Table 9: Global: Contact Lenses Market: Key Players