openPR Logo
Press release

Contact Lenses Market Size, Share, Growth, Opportunity and Forecast 2023-2028

08-23-2023 06:56 AM CET | Health & Medicine

Press release from: IMARC Group

Contact Lenses Market Size, Share, Growth, Opportunity

IMARC Group, a leading market research company, has released a report titled "Contact Lenses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". According to the report, The global contact lenses market size reached US$ 8.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.

Contact lenses are specialized medical devices placed on the tear film covering the cornea to correct refractive errors, such as myopia (nearsightedness), hyperopia (farsightedness), and astigmatism. They are composed of a polymeric material and are commonly prescribed by ophthalmologists or optometrists for vision correction and management of specific corneal conditions. They can be employed to correct presbyopia, a condition that affects individuals over the age of 40 and results in increased farsightedness. They are also used to treat certain eye conditions like keratoconus, which causes a progressive curvature of the cornea. These lenses come in various sizes, shapes, and materials, including soft lenses, rigid gas permeable (RGP) lenses, and hybrid lenses. They are typically made from thin, transparent plastic disks and can be optionally tinted to enhance colors and facilitate handling. Compared to eyeglasses, contact lenses are considered a safer option and provide a broader field of vision with improved clarity. A prescription from an eye specialist is required for using contact lenses to avoid potential complications. such as infection, inflammation, and vision impairment or loss. At present, numerous companies across the globe are offering customized contact lenses in different designs to cater to specific needs and preferences.

Request For Sample Report: https://www.imarcgroup.com/contact-lenses-market/requestsample

Contact Lenses Market Trends and Drivers:

The global contact lenses market is primarily driven by the growing prevalence of common eye disorders and diseases. Moreover, the rising cases of vision deterioration due to aging and the expanding geriatric population across the globe has augmented the demand for contact lenses as a means of vision correction. Along with this, contact lenses offer various advantages over traditional eyeglasses, including enhanced peripheral vision, an unobstructed field of view, and reduced vulnerability to splattering. This, coupled with the increasing participation of individuals in sports and physical activities, has accelerated the product adoption rate. This can be attributed to the ability of contact lenses to minimize the risk of eye injuries, improve compatibility with safety equipment, and enhance performance for individuals and athletes. Additionally, the development of specialized lenses to slow down the progression of nearsightedness in children and to address conditions like keratoconus and other corneal irregularities is positively influencing market growth. Besides this, key players are producing contact lenses with ultraviolet (UV) inhibiting properties, protecting against sun rays that can contribute to cataracts and other eye problems, which in turn has catalyzed the market growth. In addition, the introduction of innovative colored lenses designed for cosmetic purposes is another major growth-inducing factor. Furthermore, the rising consumer preference for contact lenses to enhance the aesthetic appearance and eye comfort is propelling the market growth. Other factors, including ongoing research and development (R&D) activities in optics and optometry, increasing adoption of contact lenses to correct multiple vision defects, and rapid technological advancements, are also anticipated to drive the market further.

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

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.

Explore full report with table of contents: https://www.imarcgroup.com/contact-lenses-market

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.

Contact US

IMARC Group

Email: sales@imarcgroup.com

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Contact Lenses Market Size, Share, Growth, Opportunity and Forecast 2023-2028 here

News-ID: 3176344 • Views:

More Releases from IMARC Group

Automotive Control Cables Manufacturing Plant Setup Report 2025: Machinery, Raw Materials and Investment Insights
Automotive Control Cables Manufacturing Plant Setup Report 2025: Machinery, Raw …
Automotive control cables are essential components used to transmit mechanical force in vehicles, enabling the smooth operation of various systems such as brakes, clutches, accelerators, gear shifts, and seating mechanisms. These cables are designed for durability, flexibility, and high performance under diverse driving conditions. Their demand is directly linked to the growth of the automotive industry, aftermarket sales, and increasing consumer preference for enhanced driving comfort and safety. Setting up an
Halal Cosmetics Market Size, Trends, Key Players, Opportunity and Forecast 2025-2033
Halal Cosmetics Market Size, Trends, Key Players, Opportunity and Forecast 2025- …
IMARC Group, a leading market research company, has recently released a report titled "Halal Cosmetics Market Size, Share, Trends and Forecast by Type, Distribution Channel, and Region, 2025-2033." The study provides a detailed analysis of the industry, including the global halal cosmetics market size, trends, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Halal Cosmetics Market Highlights: • Halal Cosmetics Market
Comprehensive Castor Oil Processing Plant Project Report 2025: Setup Guide, Economics and Profitability Outlook
Comprehensive Castor Oil Processing Plant Project Report 2025: Setup Guide, Econ …
Castor oil is a versatile vegetable oil extracted from the seeds of the Ricinus communis plant. It is widely used in pharmaceuticals, cosmetics, food processing, lubricants, paints, coatings, and biodiesel production owing to its unique chemical properties, including high ricinoleic acid content. Castor oil derivatives also serve as key raw materials in the polymer, chemical, and industrial sectors. Establishing a castor oil processing plant involves steps such as seed cleaning, dehulling,
Honey Processing Plant Report 2025: Capital Investment, Operating Expenses and Market Opportunities
Honey Processing Plant Report 2025: Capital Investment, Operating Expenses and M …
Honey is a natural sweetener produced by honeybees and is valued for its nutritional, medicinal, and industrial applications. It contains antioxidants, enzymes, vitamins, and minerals that make it a popular ingredient in food and beverages, pharmaceuticals, cosmetics, and personal care products. Processed honey is widely consumed as a sweetener, used in bakery and confectionery items, beverages, dietary supplements, and skincare formulations. Setting up a honey processing plant involves operations such as

All 5 Releases


More Releases for Contact

Surging Demand For Cloud-Based Contact Centers Fuels Contact Center Software Mar …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations. Contact Centre Software Market Size Growth Forecast: What to Expect by 2025? The market size of contact centre software has expanded swiftly in the past few years. It is projected to progress from $43.39 billion in 2024 to $51.19 billion in 2025, growing at a compound annual growth rate (CAGR) of 18.0%. The growth
Xinzhe Metal: Elevator contact acceleration switch metal contact piece
Short Description:Elevator contact sheets are suitable for control panels of elevators, machinery, automobiles, medical equipment, electronics and other equipment due to their elastic recovery, conductivity, durability and stability.Material: aluminum, copper, etc. Image: https://www.abnewswire.com/uploads/5241f0a41f3cb10df8022c5706ad2b4d.png Advantages 1. More than 10 years of overseas trade expertise. 2. Provide one-stop service from mold design to product delivery. 3. Fast delivery time, about 25-40 days. 4. Strict quality management and process control (ISO 9001 certified manufacturer and factory). 5. Factory direct supply,
Xinzhe Metal: Elevator leveling flat contact switch metal contact piece
The metal contact of the elevator switch is a vital part of the switch assembly. Through high-quality materials and precision processing technology, the contact piece can provide stable and reliable performance in various applications. Image: https://www.abnewswire.com/uploads/b24c88661311c93e15b6aa7f1a2bdc02.png Advantages 1. More than 10 years of overseas trade expertise. 2. Provide one-stop service from mold design to product delivery. 3. Fast delivery time, about 25-40 days. 4. Strict quality management and process control (ISO 9001 certified manufacturer and factory). 5.
Michigan Contact Lens Offers Extremely Affordable Contact Lenses To US Consumers
Michigan Contact Lens, a leading specialty contact lens practice, is pleased to announce the addition of all its contact lenses to its website, michigancontactlens.com. This move allows customers to take advantage of wholesale prices on a wide range of contact lenses, revolutionizing the contact lens market in Michigan. As a service-first practice, Michigan Contact Lens is committed to providing exceptional customer service and ensuring the best vision care for its patients.
Streamlining Contact Data: The Success of Bulk Merge for Duplicate Contact Manag …
• Overview: • An international nonprofit organization faced a challenge with a database containing 3,569,188 contacts, of which 33,742 were duplicates. • The Organization's Problem: • The nonprofit needed an efficient way to remove duplicate contacts to enhance data integrity. • Manual review of millions of contacts was impractical. • The Organization's Decision: • The nonprofit consulted Astreca's experts. • They implemented the Bulk Merge app, which used advanced algorithms to detect and flag duplicates for removal. • Data technicians reviewed flagged entries before deletion. To know more@https://astreca.com/case-studies/bulk-merge-contact-integrity/ • Business
Global Corrective Contact Lens Market Analysis Forecast 2022-2028 Global Industr …
The Corrective Contact Lens Market research report offers key values on the state of the industries. The study involved research on landscape-specific skill as well as detailed information on each section. The Corrective Contact Lens research report highlights inner and outer examination of the current worldwide Corrective Contact Lens market. This Corrective Contact Lens market report includes major competitors and players involved in the market. The classification also involves the