Contact Lens Market Size, Share, Forecast & Trends Analysis by Type Design Application Color Usage, Distribution Channel

Description

List of Tables

Contact Lens Market Size, Share, Forecast & Trends Analysis by Type (Hydrogel, Hybrid, RGP) Design (Spherical, Bifocal, Toric) Application (Orthokeratology, Cosmetic, Therapeutic) Color (Opaque, Tinted) Usage, Distribution Channel-Global Forecast to 2031

The global contact lens market is projected to reach $14.57 billion by 2031 at a CAGR of 5.3% from 2024 to 2031.

Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report comprises the analysis of key industry drivers, restraints, challenges, and opportunities.

The rising incidence of eye diseases, a high prevalence of presbyopia among the geriatric population, the increasing preference for contact lenses over traditional eyeglasses, and the rising utilization of contact lenses for aesthetic purposes are expected to drive the growth of the contact lens market. However, complications associated with prolonged contact lens wear, issues with adaptation, and a limited pool of potential customers restrain the growth of this market.

Furthermore, rising awareness regarding contact lens usage, advancements in contact lens materials, and technological advancements are expected to generate growth opportunities for the players operating in this market. However, the availability of alternative vision correction methods and the need to ensure the proper handling of contact lenses are major challenges impacting market growth.

The report offers a competitive landscape based on an extensive assessment of the product portfolio offerings, geographic presences, and key strategic developments adopted by leading market players in the industry over four years (2021-2024). The key players operating in the global contact lens market are Johnson & Johnson Vision Care, Inc. (U.S.), Alcon Inc. (Switzerland), CooperVision, Inc. (U.S.), Bausch + Lomb Corporation (Canada), Carl Zeiss AG (Germany), HOYA Corporation (Japan), Essilor International SA (France), Menicon Co., Ltd. (Japan), UltraVision CLPL (U.K.), STAAR SURGICAL (U.S.), BenQ Materials Corporation (Taiwan), Visioneering Technologies, Inc. (U.S.), Excellent Hi-Care Pvt Ltd (India), and SEED Co., Ltd. (Japan).

Among all the types studied in this report, the hydrogel contact segment is projected to register the highest CAGR of over 6.2% during the forecast period of 2024-2031. The high growth of this segment is attributed to the rising demand for hydrogel contact lenses among consumers, driven by advancements in contact lens materials.

Among all the designs studied in this report, in 2024, the spherical segment is expected to account for the largest share of the contact lens market. Spherical contact lenses are comfortable to wear, widely available, and can move around the cornea without negatively affecting vision, which contributes to the large market share of this segment.

Among all the usages studied in this report, in 2024, the daily wear contact lenses segment is expected to account for the largest share of the contact lens market. This segment's large market share can be attributed to the increasing consumer demand for daily wear lenses, driven by their convenience, growing awareness of eye health, and rising disposable incomes.

Among all the applications studied in this report, in 2024, the orthokeratology segment is expected to account for the largest share of the contact lens market. This segment's large market share can be attributed to advancements in ortho-k contact lenses, which facilitate improved stability and centration compared to corneal lenses, increasing approvals for orthokeratology contact lenses, and increasing myopia awareness programs.

Among all the color variations studied in this report, in 2024, the opaque color contact lenses segment is expected to account for the largest share of the contact lens market. These contact lenses are typically available in solid colors and block patterns, offering a natural-looking enhancement to eye color. Additionally, opaque contact lenses help provide a natural appearance while preserving the original color of the eye. These factors contribute to the significant market share of this segment.

Among all the distribution channels studied in this report, the hospitals & clinics segment is expected to account for the largest share of over 52.0% of the contact lens market. This segment's large market share can be attributed to the significant demand for contact lenses in the pharmacies within hospitals & clinics for treating various conditions such as myopia, astigmatism, hyperopia, and presbyopia. Furthermore, the increasing number of patients seeking treatment for eye diseases in hospitals & clinics, the presence of highly skilled healthcare professionals in these settings, and the convenience and accessibility offered by these healthcare facilities contribute to the significant market share of this segment.

An in-depth analysis of the geographical scenario of the global contact lens market provides detailed qualitative and quantitative insights into the five major geographies (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) along with the coverage of major countries in each region. In 2024, North America is expected to account for the largest share of over 34.5% of the contact lens market. In the region in 2024, the U.S. is expected to account for the largest share of the contact lens market in North America. The large share of the country is attributed to the rising prevalence of eye diseases, the widespread adoption of contact lenses among the population, and the presence of prominent contact lens companies in the region.

Scope of the Report:

Contact Lens Market Assessment-by Type

Hydrogel Contact Lenses
Silicone Hydrogel Contact Lenses
Rigid Gas Permeable (RGP) Contact Lenses
Hybrid Contact Lenses
Polymethyl Methacrylate (PMMA) Contact Lenses
Contact Lens Accessories

Note: Accessories include contact lens cases and cleaning solutions.

Contact Lens Market Assessment-by Design

Spherical
Toric
Bifocal and Multifocal
Monovision

Contact Lens Market Assessment-by Usage

Daily Wear Contact Lenses
Daily Disposable Contact Lenses
Monthly Replacement Contact Lenses
Extended Wear Contact Lenses
Traditional Contact Lenses
Cosmetic Contact Lenses

Contact Lens Market Assessment-by Application

Orthokeratology
Cosmetic Purposes
Therapeutic Applications
Prosthetic Purposes
Other Applications

Note: Other applications include special effects, UV-inhibiting, Scleral, and custom contact.

Contact Lens Market Assessment-by Color Variation

Opaque Color Contact Lenses
Enhancers/Tinted Contact Lenses
Visibility Tint Contact Lenses

Contact Lens Market Assessment-by Distribution Channel

Hospitals & Clinics
Retail Stores
E-commerce

Contact Lens Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K
- Italy
- Spain
- Switzerland
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa

Product Code: MRHC - 1041208

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency and Limitations
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecasting
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
- 2.3.3. Market Share Analysis
2.4. Assumptions for the Study

3. Executive Summary

4. Factors Affecting Market Growth

4.1. Overview
4.2. Drivers
- 4.2.1. Rising Incidence of Eye Diseases
- 4.2.2. Growing Prevalence of Presbyopia Among the Geriatric Population
- 4.2.3. Increasing Preference for Contact Lenses Over Traditional Eyeglasses
- 4.2.4 Rising Utilization of Contact Lenses for Aesthetic Purposes
4.3. Restraints
- 4.3.1. Complications Associated with Prolonged Contact Lens Wear
- 4.3.2. Issues with Adaptation
- 4.3.3. Limited Pool of Potential Customers
4.4. Opportunities
- 4.4.1. Rising Awareness Regarding Contact Lens Usage
- 4.4.2. Advancements in Contact Lens Materials
- 4.4.3. Technological Advancements
4.5. Challenges
- 4.5.1. Availability of Alternative Vision Correction Methods
- 4.5.2. Need to Ensure the Proper Handling of Contact Lenses
4.6. Trends
- 4.6.1. Smart Contact Lenses
- 4.6.2. Drug-releasing Contact Lenses
4.7. Factor Analysis
4.8. Regulatory Analysis
- 4.8.1. U.S.
- 4.8.2. Canada
- 4.8.3. Europe
- 4.8.4 China
- 4.8.5. Japan
- 4.8.6. India
- 4.8.7. Latin America
- 4.8.8. Middle East
4.9. Pricing Analysis
4.10. Case Studies
4.11. Porter's Five Forces Analysis

5. Contact Lens Market Assessment-by Type

5.1. Overview
5.2. Hydrogel Contact Lenses
5.3. Silicone Hydrogel Contact Lenses
5.4. Rigid Gas Permeable (RGP) Contact Lenses
5.5. Hybrid Contact Lenses
5.6. Polymethyl Methacrylate (PMMA) Contact Lenses
5.7. Contact Lens Accessories

6. Contact Lens Market Assessment-by Design

6.1. Overview
6.2. Spherical
6.3. Toric
6.4. Bifocal and Multifocal
6.5. Monovision

7. Contact Lens Market Assessment-by Usage

7.1. Overview
7.2. Daily Wear Contact Lenses
7.3. Daily Disposable Contact Lenses
7.4. Monthly Replacement Contact Lenses
7.5. Extended Wear Contact Lenses
7.6. Traditional Contact Lenses
7.7. Cosmetic Contact Lenses

8. Contact Lens Market Assessment-by Application

8.1. Overview
8.2. Orthokeratology
8.3. Cosmetic Purpose
8.4. Therapeutic Applications
8.5. Prosthetic Purpose
8.6. Other Applications

9. Contact Lens Market Assessment-by Color Variation

9.1. Overview
9.2. Opaque Color Contact Lenses
9.3. Enhancers/Tinted Contact Lenses
9.4. Visibility Tint Contact Lenses

10. Contact Lens Market Assessment-by Distribution Channel

10.1. Overview
10.2. Hospitals & Clinics
10.3. Retail Stores
10.4. E-commerce

11. Contact Lens Market Assessment-by Geography

11.1. Overview
11.2. North America
- 11.2.1. U.S.
- 11.2.2. Canada
11.3. Europe
- 11.3.1. Germany
- 11.3.2. France
- 11.3.3. U.K.
- 11.3.4. Italy
- 11.3.5. Spain
- 11.3.6. Switzerland
- 11.3.7. Rest of Europe
11.4. Asia-Pacific
- 11.4.1. Japan
- 11.4.2. China
- 11.4.4. Australia
- 11.4.5. South Korea
- 11.4.6. Rest of Asia-Pacific
11.5. Latin America
- 11.5.1. Brazil
- 11.5.2. Mexico
- 11.5.3. Rest of Latin America
11.6. Middle East & Africa

12. Competition Analysis

12.1. Overview
12.2. Key Growth Strategies
12.3. Competitive Benchmarking
12.4. Competitive Dashboard
- 12.4.1. Industry Leaders
- 12.4.2. Market Differentiators
- 12.4.3. Vanguards
- 12.4.4. Emerging Companies
12.5. Market Share Analysis, by Key Players (2023)

13. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments, and SWOT Analysis*)

13.1. Alcon Inc.
13.2. Johnson & Johnson Vision Care, Inc.
13.3. CooperVision, Inc.
13.4. Bausch + Lomb Corporation
13.5. Carl Zeiss AG
13.6. HOYA Corporation
13.7. Essilor International SA
13.8. Menicon Co., Ltd.
13.9. UltraVision CLPL
13.10. STAAR SURGICAL
13.11. BenQ Materials Corporation
13.12. Visioneering Technologies, Inc.
13.13. Excellent Hi-Care Pvt Ltd
13.14. SEED Co., Ltd.

(Note: SWOT analyses of the top 5 companies will be provided.)

14. Appendix

14.1. Available Customization
14.2. Related Reports