Top Market Shifts Transforming the Contact Lenses Market Landscape: Key Insights

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Contact Lenses Market Through 2025?
Recent years have seen robust growth in the size of the contact lenses market, which is expected to expand from $9.15 billion in 2024 to $9.79 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.0%. Factors contributing to growth during this historical period include a heightened occurrence of vision impairments, growing consciousness about ocular health, a proliferation of refractive surgeries, the emergence of online retail outlets, and the broadening reach of vision care clinics.

What's the Projected Size of the Global Contact Lenses Market by 2029?
The market size for contact lenses is projected to experience robust growth in the upcoming years, expanding to a worth of $12.64 billion in 2029, with a compound annual growth rate (CAGR) of 6.6%. Contributing factors to the predicted growth during this forecast period include a rising incidence of myopia, a burgeoning demand for daily disposable lenses, an expanding elderly population, a growing preference for contact lenses over glasses, and an increase in refractive error cases. Key trends anticipated during this period are advancements in technology, disposable lenses, lenses providing UV protection, the advent of smart lens technology, and the growing use of telemedicine.

View the full report here:
https://www.thebusinessresearchcompany.com/report/contact-lenses-global-market-report

Top Growth Drivers in the Contact Lenses Industry: What's Accelerating the Market?
The increase in the occurrence of eye-related conditions is anticipated to fuel the development of the contact lens market in the future. An eye disorder refers to a health issue that impacts the eye's structure or functioning, resulting in vision impairment, unease, or other eye-related symptoms. This surge in eye disorders can be attributed to prolonged screen usage, aging demographics, environmental contaminants, and alterations in lifestyle. Contact lenses cater to eye disorders by offering corrective measures for refractive mistakes, improving comfort for those with dry eyes, treating conditions like keratoconus with customized lenses, and fulfilling therapeutic requirements with protective or bandage lenses. For example, in March 2024, the Office for Health Improvement and Disparities, a governmental institution based in the UK, reported that around 2 million individuals in the UK suffer from some form of vision loss, a figure expected to grow to 2.7 million by 2030. Thus, the escalating occurrence of eye disorders is propelling the contact lens market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18547&type=smp

What Trends Will Shape the Contact Lenses Market Through 2029 and Beyond?
Top firms in the contact lens industry, prioritize the production of innovative items such as multifocal lenses to meet a variety of vision correction requirements and improve user experience. Multifocal lenses are exceptional contact lenses made to correct sight over multiple distances, catering to presbyopia and other conditions that affect close, intermediate, and distant vision. In September 2022 for example, Johnson & Johnson Vision Care Inc., an American eye health products provider, released their ACUVUE OASYS MAX 1-DAY contact lenses, a lens specifically designed for multifocal presbyopia. This state-of-the-art lens offers improved moisture retention and superior comfort, addressing the discomfort that often comes with extended screen time. Their cutting-edge HydraMax technology ensures a consistent tear film and optimal hydration on a daily basis, thereby reducing dryness and irritation. The lens also offers exceptional visual sharpness, reducing digital eye strain and providing sharp, clear vision.

What Are the Main Segments in the Contact Lenses Market?
The contact lenses market covered in this report is segmented -

1) By Type: Corrective Lens, Therapeutic Lenses, Cosmetic And Lifestyle Oriented Lens
2) By Wear Type: Daily Disposable Lenses, Disposable Lenses (Two Weeks or Sooner), Frequent Replacement Lenses (Monthly or Quarterly), Conventional Lenses
3) By Material: Silicone Hydrogel Soft Contact Lens, Methacrylate Hydrogel Soft Contact Lens, Gas-Permeable Contact Lens, Other Materials
4) By Design: Spherical Lens, Toric Lens, Multifocal Lens, Other Design
5) By Distribution Channel: Ophthalmologists, Retail Stores, Online Stores

Subsegments:
1) By Corrective Lenses: Spherical Lenses, Toric Lenses, Multifocal Lenses, Bifocal Lenses
2) By Therapeutic Lenses: Scleral Lenses, Bandage Lenses, Orthokeratology Lenses (Ortho-K)
3) By Cosmetic And Lifestyle-Oriented Lenses: Colored Lenses, Special Effect Lenses (Costume Or Novelty Lenses), Cosmetic Enhancers

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=18547&type=smp

Which Top Companies are Driving Growth in the Contact Lenses Market?
Major companies operating in the contact lenses market are Abbott Medical Optics Inc., EssilorLuxottica SA, Alcon Inc., Bausch Health Companies Inc., HOYA Corporation, The Cooper Companies Inc., Johnson & Johnson Vision Care Inc., Menicon Co. Ltd., BenQ Materials Corporation, STAAR Surgical Company, Alpha Corporation, SynergEyes Inc., Contamac Ltd., Euclid Systems Corporation, Lenstec Inc., Paragon Vision Sciences, X-Cel Specialty Contacts, Medennium Inc., NEO Vision, Blanchard Contact Lens Inc., Weicon Contact Lens Co. Ltd., Lucid Korea Co. Ltd., Bescon Co. Ltd., Conforma Contact Lens Inc.

Which Regions Will Dominate the Contact Lenses Market Through 2029?
North America was the largest region in the contact lenses market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the contact lenses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18547

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.