Contact Lenses Market Size to Reach US$ 10.8 Billion, Globally, by 2027 at 6% CAGR

IMARC Group has recently released a new research study titled "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, IMARC Group expects the market to reach US$ 10.8 Billion by 2027, exhibiting a growth rate (CAGR) of 6% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Contact lenses are thin and transparent plastic discs that are worn in the eye to improve vision. They float on the tear film that encircles the cornea of the eye and corrects the vision complication caused by refractive errors resulting in blurring visions. They help improve various eyesight complications, such as myopia (nearsightedness), hyperopia (farsightedness), astigmatism (distorted vision), and presbyopia (issues in near vision caused by aging). They are commercially available as rigid gas permeable (RGP) lenses, which allow oxygen to flow through the lens to the eyes and prevent the deposition of protein. They are also available with various tints, which are used to change the natural color of the lens and are majorly used for cosmetic purposes.

Impact of COVID-19:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Contact Lenses Market Trends and Drivers:

At present, the increasing utilization of contact lenses as they are lightweight, cost-efficient and comfortable to wear represents one of the primary factors influencing the market positively. Besides this, the growing occurrence of eyesight complications due to the excessive use of smartphones and laptops is offering a favorable market outlook. In addition, the rising advancement in the treatment and diagnosis of vision-related complications is propelling the growth of the market. Moreover, the increasing number of businesses manufacturing contact lenses with eye-safe materials, which are appropriate for extensive usage, is bolstering the growth of the market.

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Contact Lenses Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

Alcon Vision LLC
Bausch & Lomb Incorporated
Carl Zeiss AG
Contamac Holdings Limited
EssilorLuxottica SA
Hoya Corporation
Johnson & Johnson
Menicon Co. Ltd.
SEED Co. Ltd.
SynergEyes
The Cooper Companies Inc.

Report Segmentation:

The report has segmented the market into the following categories:

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

Market 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

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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