Coloured Contact Lenses Market Size, Share, Trends And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global Coloured Contact Lenses Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The colored contact lenses market size has grown rapidly in recent years. It will grow from $3.56 billion in 2023 to $3.95 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to celebrity endorsements, increased disposable income, social media influence, globalization, shifts in societal attitudes towards cosmetic enhancements.

The colored contact lenses market size is expected to see rapid growth in the next few years. It will grow to $5.85 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to rising aging population, e-commerce expansion, partnerships with influencers, increased focus on personal appearance, health and safety concerns. Major trends in the forecast period include biodegradable materials, virtual try-on technologies, subscription services, innovations in lens designs, wellness packaging.

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Market Drivers and Trends:

An increasing number of eye disorders is expected to propel the growth of the colored contact lens market going forward. An eye disorder refers to various eye problems resulting in blindness and low vision that may be caused by infection, allergy, or vitamin deficiency. Colored contact lenses improve or change the appearance of the eye and can be used to address common visual disorders such as astigmatism, nearsightedness, or farsightedness. For instance, in February 2021, according to the Global Eye Health report published by The Lancet Global Health, a US-based, internationally trusted source of global public health knowledge, a projected 596 million people globally, including 43 million blind people, have distance vision impairment. Another 510 million people had uncorrected nearsightedness due to a lack of reading glasses. As a result of population aging, growth, and urbanization, a projected 895 million individuals will have distance vision impairment by 2050, of whom 61 million will be blind. Therefore, an increasing number of eye disorders are driving the growth of the colored contact lens market.

Major companies operating in the colored contact lens market are focused on innovating new products, such as spooky colored contact lenses, to sustain their position in the market. Spooky-colored contact lenses are a type of contact lens designed to create eerie, supernatural effects. For instance, in September 2022, Unicoeye, a China-based popular colored contact lens brand, launched Spooky Colored Contact Lenses to gear up for Halloween. The line features styles for frightening evil creatures and creative cosplay looks, including unique color combinations and spooky patterns that will perfectly complement any costume. The Halloween collection is the ideal match for any eye makeup or face paint ideas, whether the wearer is dressed up for a costume party or simply wants to add a pop of color to their trick-or-treat look. It contains unusual color combinations and eerie designs.

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Major Key Players of the Market:

Johnson & Johnson, Novartis AG, Essilor International, Alcon, Hoya Corporation, Bausch + Lomb, CooperVision Inc., Carl Zeiss AG, Clalen, TTDeye, Olens, QualiMed Srl, Menicon Co. Ltd., NEO Vision, SEED Co.Ltd., Vassen, Desio, Barbie Eyesland, UltraVision CLPL, Solotica, Camax Optical Corp., Oculus Private Limited, Clearlab SG Pte Ltd, FreshKon, Maxvue Vision, ColourVue, Sweety Plus, Adore Lenses, LensMe, EOS Lenses, Dueba, Geo Medical, PIAA Corporation, FourVision, ICK Contacts, Beuberry, Princess Pinky, InnoVision, EyeCandys, Dreamcon

Coloured Contact Lenses Market 2024 Key Insights:

• The colored contact lenses market size is expected to see rapid growth in the next few years. It will grow to $5.85 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.
• Rising Prevalence Of Eye Disorders Ignites Surge In Colored Contact Lens Market
• A Glimpse Into The Latest Innovation In The Colored Contact Lens Market With Spooky Colored Contact Lenses
• North America was the largest region in the colored contact lenses market in 2023

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