Contact Lenses Market Size to Hit US$ 13.7 Billion by 2032 | With a 5.2% CAGR

IMARC Group's report titled "𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗟𝗲𝗻𝘀𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗯𝘆 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹 (𝗚𝗮𝘀 𝗣𝗲𝗿𝗺𝗲𝗮𝗯𝗹𝗲, 𝗦𝗶𝗹𝗶𝗰𝗼𝗻𝗲 𝗛𝘆𝗱𝗿𝗼𝗴𝗲𝗹, 𝗛𝘆𝗯𝗿𝗶𝗱, 𝗮𝗻𝗱 𝗢𝘁𝗵𝗲𝗿𝘀), 𝗗𝗲𝘀𝗶𝗴𝗻 (𝗦𝗽𝗵𝗲𝗿𝗶𝗰𝗮𝗹, 𝗧𝗼𝗿𝗶𝗰, 𝗠𝘂𝗹𝘁𝗶𝗳𝗼𝗰𝗮𝗹, 𝗮𝗻𝗱 𝗢𝘁𝗵𝗲𝗿𝘀), 𝗨𝘀𝗮𝗴𝗲 (𝗗𝗮𝗶𝗹𝘆 𝗗𝗶𝘀𝗽𝗼𝘀𝗮𝗯𝗹𝗲, 𝗗𝗶𝘀𝗽𝗼𝘀𝗮𝗯𝗹𝗲, 𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗥𝗲𝗽𝗹𝗮𝗰𝗲𝗺𝗲𝗻𝘁, 𝗧𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹), 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻 (𝗖𝗼𝗿𝗿𝗲𝗰𝘁𝗶𝘃𝗲, 𝗧𝗵𝗲𝗿𝗮𝗽𝗲𝘂𝘁𝗶𝗰, 𝗖𝗼𝘀𝗺𝗲𝘁𝗶𝗰, 𝗣𝗿𝗼𝘀𝘁𝗵𝗲𝘁𝗶𝗰, 𝗟𝗶𝗳𝗲𝘀𝘁𝘆𝗹𝗲-𝗢𝗿𝗶𝗲𝗻𝘁𝗲𝗱), 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 (𝗘-𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗲, 𝗘𝘆𝗲 𝗖𝗮𝗿𝗲 𝗣𝗿𝗮𝗰𝘁𝗶𝘁𝗶𝗼𝗻𝗲𝗿𝘀, 𝗥𝗲𝘁𝗮𝗶𝗹 𝗦𝘁𝗼𝗿𝗲𝘀), 𝗮𝗻𝗱 𝗥𝗲𝗴𝗶𝗼𝗻 𝟮𝟬𝟮𝟰-𝟮𝟬𝟯𝟮". The global contact lenses market size reached US$ 8.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.2% during 2024-2032.

𝗚𝗿𝗮𝗯 𝗮 𝗳𝗿𝗲𝗲 𝘀𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/contact-lenses-market/requestsample

𝗙𝗮𝗰𝘁𝗼𝗿𝘀 𝗔𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗼𝗳 𝘁𝗵𝗲 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗟𝗲𝗻𝘀𝗲𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆:

● 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗶𝗻𝗴 𝗣𝗿𝗲𝘃𝗮𝗹𝗲𝗻𝗰𝗲 𝗼𝗳 𝗘𝘆𝗲 𝗗𝗶𝘀𝗼𝗿𝗱𝗲𝗿𝘀:

The rising prevalence of eye-related disorders, such as myopia, hyperopia, and astigmatism, among the masses across the globe is supporting the growth of the market. In line with this, these diseases are increasingly becoming common due to lifestyle changes like prolonged exposure to screens and reduced outdoor activities. Moreover, the growing demand for corrective measures, such as contact lenses, due to their effectiveness and convenience as compared to traditional eyeglasses, is offering a positive market outlook. Besides this, contact lenses provide a more natural vision without the constraints of frames.

● 𝗖𝗼𝘀𝗺𝗲𝘁𝗶𝗰 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀:

The increasing usage of contact lenses for cosmetic purposes is strengthening the growth of the market. In addition, the rising focus on altering eye color for enhanced appearance among individuals is contributing to the market growth. Besides this, the availability of a wide range of colors and effects, ranging from subtle color enhancements to dramatic transformations, caters to diverse aesthetic preferences of individuals, which is bolstering the market growth. Furthermore, the growing demand for contact lenses due to the rising social media influence is positively influencing the market.

● 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀:

Innovations in lens materials and design are propelling the growth of the market. In addition, modern contact lenses are designed with materials like silicone hydrogel, which offer higher oxygen permeability, ensuring enhanced eye health and comfort. Moreover, silicone hydrogel material reduces the risk of eye infections and allows for extended wear. Besides this, advancements in multifocal and Toric lenses benefit a broader range of vision impairments, including astigmatism and presbyopia. Furthermore, the integration of technology into contact lenses, such as lenses capable of drug delivery or monitoring glucose levels, is strengthening the market growth.

𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝗶𝗻 𝘁𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗟𝗲𝗻𝘀𝗲𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆:

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

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗟𝗲𝗻𝘀𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

𝗕𝘆 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹:

● Gas Permeable
● Silicone Hydrogel
● Hybrid
● Others

Silicone hydrogel represented the largest segment as it reduces the risk of dry eyes and irritation.

𝗕𝘆 𝗗𝗲𝘀𝗶𝗴𝗻:

● Spherical
● Toric
● Multifocal
● Others

Spherical accounted for the largest market share due to its ability to effectively correct common refractive errors, such as myopia and hyperopia.

𝗕𝘆 𝗨𝘀𝗮𝗴𝗲:

● Daily Disposable
● Disposable
● Frequently Replacement
● Traditional

Daily disposable holds the biggest market share on account of the rising need for enhanced convenience among individuals.

𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻:

● Corrective
● Therapeutic
● Cosmetic
● Prosthetic
● Lifestyle-oriented

Corrective accounts for the majority of the market share as it offers precise vision correction and provides a sharper and wider visual field compared to glasses.

𝗕𝘆 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝗖𝗵𝗮𝗻𝗻𝗲𝗹:

● E-commerce
● Eye Care Practitioners
● Retail Stores

Retail stores represent the largest market share due to their ability to provide personalized services with expert assistance.

𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:

● 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

North America enjoys the leading position in the contact lenses market on account of the increasing cases of vision-related issues among individuals.

𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗟𝗲𝗻𝘀𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗧𝗿𝗲𝗻𝗱𝘀:

The rising awareness among individuals about the importance of eye care is bolstering the growth of the market. In addition, governing agencies of various countries are promoting regular eye check-ups, which is leading to the prescription of contact lenses for vision correction. The increasing demand for customized and personalized contact lenses as per the needs of individuals, including lenses for irregular corneas or post-surgical eyes, is supporting the growth of the market. Besides this, specialized designs cater to specific eye conditions like keratoconus, which is propelling the market growth.

𝗡𝗼𝘁𝗲: 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
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

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This release was published on openPR.