PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567133
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567133
Contact Lens Market, By Characteristic, By Design, By Application, By Geography
The global contact lens market is estimated to be valued at USD 19.52 Bn in 2024 and is expected to reach USD 35.01 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 19.52 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 8.70% | 2031 Value Projection: | US$ 35.01 Bn |
Contact lenses are thin plastic disks that are placed directly on the cornea of the eye to correct vision or for cosmetic purposes. The major factors driving the growth of the global contact lens market include rising awareness regarding eye care, increasing cases of eye disorders, growing cosmetic consciousness, and benefits offered by contact lenses over eyeglasses. In addition, technological advancements in materials used for manufacturing contact lenses are anticipated to boost the demand over the forecast period. However, risks associated with contact lenses such as inflammation and infection may hamper the market growth.
Market Dynamics:
The global contact lens market is witnessing significant growth owing to several factors such as rising incidences of eye disorders like myopia, hyperopia, and presbyopia. Myopia is the most common vision problem across the world which increases the risk of conditions like cataracts and glaucoma at a later stage. Thus, growing prevalence of myopia acts as a major driver for the contact lenses market. Additionally, increasing consumer preference for eyewear from eyeglasses to the contact lenses on grounds of aesthetic appearance and comfort is fueling the market growth. Growing trend of makeup application has increased the adoption of colored contact lenses for visual enhancement. However, high risk of infections related to improper use and maintenance of contact lenses may restrain the market expansion. Ongoing R&D activities to develop advanced gas permeable rigid lenses, silicone hydrogel lenses using novel materials are expected to offer lucrative opportunities in the coming years.
Key Features of the Study:
This report provides in-depth analysis of the global contact lens market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global contact lens market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Johnson & Johnson, Alcon, Bausch + Lomb, CooperVision and Lenscrafters
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global contact lens market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global contact lens market
Detailed Segmentation-
- By Characteristic Insights (Revenue, USD Bn, 2019 - 2031)
- Gas-Permeable Contact Lens
- Soft Contact Lens
- By Design Insights (Revenue, USD Bn, 2019 - 2031)
- Spherical Contact Lens
- Toric Contact Lens
- Multifocal Contact Lens
- Orthokeratology Contact Lens
- By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Corrective
- Therapeutic
- Cosmetic
- Prosthetic
- Lifestyle-oriented
- By Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Bausch & Lomb Incorporated
- Alcon Vision LLC
- EssilorLuxottica
- Carl Zeiss AG
- Contamac Ltd
- Menicon Co., Ltd.
- CooperVision
- Johnson & Johnson Vision Care
- Hoya Corporation
- Ximenes S.R.L.
- Sky Medical For Medical Devices
- Bausch Health Companies Inc.
- Optical Center
- Alden Optical
- Oculus Optikgerate GmbH
- Hanita Lenses
- Mark'ennovy
- Ocutec
- Aveo Vision
- Dynamic Vision Systems
Table of Contents
1. RESEARCH OBJECTIVES AND ASSUMPTIONS
- Research Objectives
- Assumptions
- Abbreviations
2. MARKET PURVIEW
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Contact Lens Market, By Characteristic
- Global Contact Lens Market, By Design
- Global Contact Lens Market, By Application
- Global Contact Lens Market, By Region
3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Global Contact Lens Market, By Characteristic, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Gas-Permeable Contact Lens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Soft Contact Lens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Contact Lens Market, By Design, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Spherical Contact Lens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Toric Contact Lens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Multifocal Contact Lens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Orthokeratology Contact Lens
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
6. Global Contact Lens Market, By Application, 2024-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Corrective
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Therapeutic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Cosmetic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Prosthetic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Lifestyle-oriented
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Contact Lens Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Characteristic , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Design , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Characteristic , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Design , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Characteristic , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Design , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Characteristic , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Design , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Characteristic , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Design , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Characteristic , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Design , 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application , 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
8. COMPETITIVE LANDSCAPE
- Bausch & Lomb Incorporated
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Alcon Vision LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- EssilorLuxottica
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Carl Zeiss AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Contamac Ltd
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Menicon Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- CooperVision
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Johnson & Johnson Vision Care
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Hoya Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Ximenes S.R.L.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Sky Medical For Medical Devices
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bausch Health Companies Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Optical Center
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Alden Optical
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Oculus Optikgerate GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Hanita Lenses
- Mark'ennovy
- Ocutec
- Aveo Vision
- Dynamic Vision Systems
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
