Press release
Coloured Contact Lenses Market: Growth Triggered by Rising Eye Disorders and Lifestyle Changes
Coloured Contact Lenses Market
What Is The Projected Market Size Of The Global Coloured Contact Lenses Market And Its Growth Rate?
The global coloured contact lenses market has witnessed rapid growth in recent years. Key market size projections include:
• 2024 Market Size: $3.85 billion
• 2025 Market Size: $4.24 billion (10.2% CAGR)
• 2029 Market Size: $6.41 billion (10.8% CAGR)
The market growth is influenced by celebrity endorsements, increased disposable income, social media influence, and shifts in societal attitudes towards cosmetic enhancements.
What Is Driving The Growth In The Coloured Contact Lenses Market?
The rise in eye disorders is promoting the growth of this market due to the ability of coloured contact lenses to help with visual disorders such as astigmatism, nearsightedness, or farsightedness. For instance, in 2022, approximately 12 million Americans aged 40 and above suffered from vision impairment. This soaring number of visually impaired individuals is propelling the growth of the coloured contact lens market.
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Who Are the Key Players Driving Coloured Contact Lenses Market Growth?
Key players driving the coloured contact lenses market include:
•Johnson & Johnson
•Alcon
•Bausch + Lomb
•CooperVision Inc.
•Clalen
•TTDeye
•Olens
•Many more..
What Are The Key Trends In The Coloured Contact Lenses Market?
Major trends driving the market's growth include:
•Use of biodegradable materials
•Virtual try-on technologies
•Subscription services
•Innovations in lens designs
•Wellness packaging
What Are The Segments Of The Global Coloured Contact Lenses Market?
The global coloured contact lenses market is segmented as follows:
•Product Type: Soft Contact Lenses, RGP Lenses, Hybrid Lenses
•Material: Polymer, Hydrogen
•Application: With Vision Correction, Without Vision Correction
•End-Users: Retail Stores, Online Stores, Other Stores
Which Region Leads The Coloured Contact Lenses Market?
North America emerged as the largest region in the coloured contact lenses market in 2024. The market spans across various regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Coloured Contact Lenses Market Global Market Report?
- Market Size Analysis: Analyze the Coloured Contact Lenses Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Coloured Contact Lenses Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Coloured Contact Lenses Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Coloured Contact Lenses Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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