Therapeutic Contact Lenses Market, By Product Type, By Application, By Distribution Channel, By Geography

Description

The global therapeutic contact lenses market is estimated to be valued at USD 4.91 Bn in 2024 and is expected to reach USD 7.90 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 4.91 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	7.00%	2031 Value Projection:	US$ 7.90 Bn

Figure. Therapeutic Contact Lenses Market Share (%), By Region 2024

Therapeutic Contact Lenses Market - IMG1

Therapeutic contact lenses are specialized lenses prescribed by eye care professionals to support vision correction and eye health. These lenses are designed to treat refractive errors, astigmatism, presbyopia, and various ocular surface diseases. The rising incidence of ocular disorders such as cataract, keratoconus, and diabetic retinopathy has been driving the demand for therapeutic contact lenses. Additionally, technological advancements in contact lens materials that offer superior comfort and extended wear capabilities are further widening the application scope of these lenses. However, lack of awareness about available treatment options and high cost of specialized lenses in some regions may restrain the market growth to some extent.

Market Dynamics:

The global therapeutic contact lenses market is primarily driven by the growing geriatric population which is more susceptible to ocular diseases requiring treatment. According to the WHO, in October 2024, estimates reveal over 1.3 billion people globally will be aged 65 years or older by 2050. Additionally, rising prevalence of lifestyle diseases such as diabetes propelling conditions like diabetic retinopathy is also fueling the demand. The market is also witnessing increasing adoption of silicone hydrogel lenses owing to their enhanced oxygen permeability compared to conventional lenses, allowing extended wear periods and better patient compliance. However, high cost of specialty lenses particularly for rare conditions and lack of awareness about treatment options in developing economies are major challenges. Moreover, stringent regulatory approvals and infrastructure requirements for contact lenses manufacturing pose difficulties for new entrants. Nevertheless, ongoing R&D to expand applications and develop affordable lenses presents new opportunities in the coming years.

Key Features of the Study:

This report provides in-depth analysis of the global therapeutic contact lenses market, and provides market size (USD Bn) 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 approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global therapeutic contact lenses 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, Menicon Co., Ltd., Hoya Corporation, Carl Zeiss AG, EssilorLuxottica, SynergEyes, Inc., OptiMed Technology, Inc., Aerie Pharmaceuticals, Inc., Eyevance Pharmaceuticals, Ocular Therapeutix, Inc., Visioneering Technologies, Inc., and X-Cel Specialty Contacts

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 therapeutic contact lenses 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 therapeutic contact lenses market

Market Segmentation

By Product Type Insights (Revenue, USD Bn, 2019 - 2031)
- Soft Lenses
- Rigid Lenses
- Specialty Lenses
By Application Insights (Revenue, USD Bn, 2019 - 2031)
- Post-Ocular Surgery
- Corneal Disorders
- Drug Delivery
- Others
By Distribution Channel Insights (Revenue, USD Bn, 2019 - 2031)
- Retail Pharmacies
- Hospitals Pharmacies
- Online Pharmacies
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
- Johnson & Johnson
- Alcon
- Bausch + Lomb
- CooperVision
- Menicon Co., Ltd.
- Hoya Corporation
- Carl Zeiss AG
- EssilorLuxottica
- SynergEyes, Inc.
- OptiMed Technology, Inc.
- Aerie Pharmaceuticals, Inc.
- Eyevance Pharmaceuticals
- Ocular Therapeutix, Inc.
- Visioneering Technologies, Inc.
- X-Cel Specialty Contacts

Product Code: CMI7522

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Therapeutic Contact Lenses Market, By Product Type
- Global Therapeutic Contact Lenses Market, By Application
- Global Therapeutic Contact Lenses Market, By Distribution Channel
- Global Therapeutic Contact Lenses Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Driver
- Restraint
- Opportunity
Impact Analysis
Key Developments
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario
Industry Trends

4. Global Therapeutic Contact Lenses Market, By Product Type, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Soft Lenses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Rigid Lenses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Specialty Lenses
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Global Therapeutic Contact Lenses Market, By Application, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Post-Ocular Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Corneal Disorders
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Drug Delivery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Therapeutic Contact Lenses Market, By Distribution Channel, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Retail Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Hospitals Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Online Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Therapeutic Contact Lenses Market, By Region, 2019 - 2031, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Distribution Channel, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive landscape

Johnson & Johnson
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Alcon
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Bausch + Lomb
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
CooperVision
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Menicon Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hoya Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Carl Zeiss AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
EssilorLuxottica
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
SynergEyes, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
OptiMed Technology, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Aerie Pharmaceuticals, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Eyevance Pharmaceuticals
Ocular Therapeutix, Inc.
Visioneering Technologies, Inc.
X-Cel Specialty Contacts

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
About us