Press release
Contact Lenses Market Size to Grow at 5.9% CAGR, Set to Reach US$ 11.4 Billion By 2028
Contact lenses are thin, curved films employed on the cornea to enhance vision. These lenses are made of transparent plastic disks and can be tinted slightly to improve their handling and enhance color perception. They require a prescription from an eye specialist to prevent complications, such as blindness, inflammation, vision loss, or infection. They are made of silicone hydrogel, gas permeable, or hybrid that are safer and provide a wide field of vision to help individuals see more clearly. At present, contact lenses are easily available in eye care practitioners, e-commerce, and retail stores across the globe.
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Contact Lenses Market Trends and Drivers:
The market is primarily driven by the increasing incidences of common eye disorders such as hyperopia, astigmatism, myopia, and presbyopia. In addition, the escalating demand for vision correction among the growing geriatric population is contributing to market growth. Moreover, the widespread adoption of contact lenses among individuals in sports and physical activities to enhance performance, minimize the risk of injury, and improve compatibility with safety equipment represents another major growth-inducing factor. Besides this, contact lenses provide advantages over eyeglasses, such as an unobstructed field of view, improved peripheral vision, and reduced risk of splattering which is accelerating the product adoption rate. Along with this, the introduction of special lenses to treat corneal irregularities and slow the progression of nearsightedness in children is propelling market growth. Furthermore, the leading manufacturers are producing UV-inhibiting lenses that protect eyes from the harmful effects of sun rays, which is creating a positive market outlook.
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
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Competitive Landscape with Key Player:
The competitive landscape of the market has also been analyzed, with some of the top leading contact lenses manufacturers.
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.
Cooper Companies Inc.
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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