Press release
Contact Lenses Market Report 2023, Industry Trends, Growth Rate and Forecast 2028
The latest report by IMARC Group, titled "Contact Lenses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". 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 thin, curved, and typically transparent disks placed directly on the eye's surface to correct vision problems or enhance the eye's appearance. It is primarily produced from soft, flexible materials or rigid gas-permeable materials, with the former being more common due to their comfort. It offers several advantages, including improved peripheral vision, no obstructions caused by frames, and suitability for various vision conditions such as myopia, hyperopia, astigmatism, and presbyopia. Additionally, it is available in several types, such as daily disposables, monthly disposables, and extended-wear lenses, catering to various preferences and needs of individuals. As a result, contact lenses are gaining immense popularity among individuals to maintain optimal eye comfort and safety.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/contact-lenses-market/requestsample
Contact Lenses Market Trends and Drivers:
The contact lenses market is primarily driven by the continuous advancements in materials and design. In addition, the development of lenses with improved breathability and moisture retention reduces discomfort and the risk of eye infections, offering a safer and more comfortable choice for users, thus influencing market growth. Moreover, the increasing number of working professionals and the growing use of digital screens in daily life resulted in an increase in eye strain and discomfort, thus representing another major growth-inducing factor. Along with this, contact lenses with blue light-filtering capabilities are emerging to address this issue, attracting users who spend extended hours in front of screens, thus propelling the market growth. Besides this, the growing awareness campaigns and easy accessibility to improved distribution channels made contact lenses more accessible to a broader audience while educating potential users about the benefits and proper use of contact lenses, thus accelerating the sales demand. Furthermore, the growing popularity of contact lenses among individuals looking to enhance their cosmetic appearance with colored contact lenses that allow users to change their eye color, providing a temporary and non-invasive way to achieve a different look, is propelling the market growth.
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:
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.
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