Contact Lenses Market: Global Market Estimation, Size, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Gloabl Contact Lenses Market By Type (Soft Lens, Rigid Gas Permeable (RPG) Lens, Hybrid Lens), By Design (Spherical, Bifocal, Multifocal, Toric), By Usage (Daily Disposable, Weekly Disposable, Monthly Disposable, Annual Disposable), By Product (Corrective, Therapeutic, Cosmetic, Prosthetic) By Distribution Channel (Hospitals, Ophthalmic diagnoses center, Others), and Geography

 

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Report

Description

The global contact lenses market  size was valued at USD 10,303.6 million in 2021 and is expected to reach USD 14,790.7 million by 2028 growing at a CAGR of 5.3% during the forecast period 2022-2028. Contact Lenses Market is commonly used to repair vision issues such as presbyopia, hypermetropia/hyperopia, and astigmatism, as well as to compensate for them. Scratch-resistant materials, ultraviolet protection, and anti-refractive materials are coated on these lenses to provide the optimum therapeutic experience as well as comfort to the user. Contact lenses are classified as class II or class III medical devices by the US FDA, depending on how they are used. The FDA classifies regular use contact lenses as a class II medical device because they can endanger users if they are not used according to a physician’s instructions. Furthermore, contact lenses that are worn for an extended period of time are classified as class III medical devices. If used without the advice of a physician, these lenses provide a greater risk in terms of safety and health. Contact lenses are also used for aesthetic and cosmetic purposes to change the colour of the eyes, in addition to refractive lenses. People are very much following the trend of utilising contact lenses for cosmetic purposes as a result of social media exposure. Meanwhile, the contact lens industry is being driven by an increase in the number of cases of visual errors. In March 2018, Alcon has launched new US-specific packaging for AIR OPTIX plus HydraGlyde contact lenses.

 

Contact Lenses Market

MARKET SUMMARY
-
5.3% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 5.3%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Contact Lenses Market

  • The global contact lenses market can be segmented based on modality, design, material type, application, distribution channel, Geography
  • Contact lenses are the medical devices that are thin, curved lens placed on the film of tears, which covers the surface of the eye. It is naturally clear but is often given a tinge of color which enables easy handling.
  • The contact lens are either hard or soft in texture. The soft contact lens are soft, flexible plastic material which allow to pass through the cornea. They are easy to adjust and more comfortable when compared with that of the rigid gas permeable lenses.
  • The rigid gas permeable (RPG) lens are resistant, durable and usually provide clearer vision. They are less expensive compared with that of the soft contact lenses. Contact lenses help providing clear peripheral vision unlike glasses.
Market Key Players
  • Alcon Laboratories
  • Abbott Medical Optics
  • CooperVision
  • Bausch & Lomb
  • CIBA Vision
  • Hoya Corp
  • Carl Zeiss
  • Johnson & Johnson
Growth

Global Contact Lenses Market

Increase in the prevalence of the eye disorders and growing number of the geriatric population are likely to drive the growth of the contact lens market over the forecast period. The increasing tendency to switch over the lenses is anticipated to drive the growth of the market. The technological advancements are adding fuel for the growth of the market. The adoption of the new treatment options among the patient pool is another factor driving the growth of the market. However, the risks associated with the use of the lenses such as eye infection and corneal ulcers are likely to restrain the growth of the market. The lesser awareness among the patient population is hindering the growth of the market.


North-America Got Significant Share

Contact Lenses Market

Geographically, global contact lenses market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North Americacontact lenses market is dominant owing to its increasing prevalence of the eye disorders. According to the Centers for Disease Control and Prevention (CDC) in the year 2015, there were more than 30 million people who were using the contact lenses. The growing awareness among the patient pool regarding the new treatment options is expected to drive the growth of the market in this region. The Asia Pacific is another region which is expected to exhibit significant growth over the forecasted period owing to increasing awareness among the patient pool.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015 to 2020) and forecast (2021 to 2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Contact Lenses Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The contact lenses market is projected to expand at a CAGR of 5.3% during the forecast period.

Asia-Pacific is the fastest-growing region for contact lenses market

Alcon Laboratories, Abbott Medical Optics, CooperVision, Johnson & Johnson, Carl Zeiss


Report

Table Of Content

  1. Executive Summary
  2. Global Contact Lenses Market Introduction
    • Global Contact Lenses Market – Taxonomy
    • Global Contact Lenses Market –Definitions
      • Type
      • Design
      • Usage
      • Product
      • Distribution Channel
  1. Global Contact Lenses Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Contact Lenses Market Dynamic Factors – Impact Analysis
    • Global Contact Lenses Market – Competition Landscape
    • Epidemiology
  2. Global Contact Lenses Market Analysis,2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market OpportunityAnalysis
  3. Global Contact Lenses Market, By Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Soft Lens
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Rigid Gas Permeable (RPG) Lens
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hybrid Lens
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Contact Lenses Market Forecast, By Design, 2015 – 2019 and Forecast, 2020 – 2026
    • Spherical
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Bifocal
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Multifocal
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Toric
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Contact Lenses Market Forecast, By Usage, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Daily Disposable
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Weekly Disposable
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Monthly Disposable
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Annual Disposable
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Contact Lenses Market Forecast, By Product, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Corrective
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Therapeutic
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Cosmetic
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Prosthetic
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Contact Lenses Market Forecast, By Distribution Channel, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Hospitals
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Ophthalmic diagnoses center
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Contact Lenses Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Contact Lenses Market – Opportunity Analysis Index, By Type, By Design, By Usage, By Product, By Distribution Channel, and Region, 2020 – 2026
  2. North America Contact Lenses MarketAnalysis,2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Soft Lens
      • Rigid Gas Permeable (RPG) Lens
      • Hybrid Lens
    • Design Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Spherical
      • Bifocal
      • Multifocal
      • Toric
    • Usage Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Daily Disposable
      • Weekly Disposable
      • Monthly Disposable
      • Annual Disposable
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Corrective
      • Therapeutic
      • Cosmetic
      • Prosthetic
    • Distribution Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ophthalmic diagnoses center
      • Others
    • Country Analysis 2016 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Contact Lenses Market – Opportunity Analysis Index, By Type, By Design, By Usage, By Product, By Distribution Channel, and Country, 2020 – 2026
    • North America Contact Lenses Market Dynamics – Trends
  3. Europe Contact Lenses Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Soft Lens
      • Rigid Gas Permeable (RPG) Lens
      • Hybrid Lens
    • Design Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Spherical
      • Bifocal
      • Multifocal
      • Toric
    • Usage Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Daily Disposable
      • Weekly Disposable
      • Monthly Disposable
      • Annual Disposable
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Corrective
      • Therapeutic
      • Cosmetic
      • Prosthetic
    • Distribution Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ophthalmic diagnoses center
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Contact Lenses Market – Opportunity Analysis Index, By Type, By Design, By Usage, By Product, By Distribution Channel, and Country, 2020 – 2026
    • Europe Contact Lenses Market Dynamics – Trends
  4. Asia-Pacific Contact Lenses Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Soft Lens
      • Rigid Gas Permeable (RPG) Lens
      • Hybrid Lens
    • Design Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Spherical
      • Bifocal
      • Multifocal
      • Toric
    • Usage Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Daily Disposable
      • Weekly Disposable
      • Monthly Disposable
      • Annual Disposable
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Corrective
      • Therapeutic
      • Cosmetic
      • Prosthetic
    • Distribution Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ophthalmic diagnoses center
      • Others
    • Country Analysis2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Contact Lenses Market – Opportunity Analysis Index, By Type, By Design, By Usage, By Product, By Distribution Channel, and Country, 2020 – 2026
    • Asia-Pacific Contact Lenses Market Dynamics – Trends
  5. Latin America Contact Lenses Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Soft Lens
      • Rigid Gas Permeable (RPG) Lens
      • Hybrid Lens
    • Design Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Spherical
      • Bifocal
      • Multifocal
      • Toric
    • Usage Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Daily Disposable
      • Weekly Disposable
      • Monthly Disposable
      • Annual Disposable
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Corrective
      • Therapeutic
      • Cosmetic
      • Prosthetic
    • Distribution Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ophthalmic diagnoses center
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Contact Lenses Market – Opportunity Analysis Index, By Type, By Design, By Usage, By Product, By Distribution Channel, and Country, 2020 – 2026
    • Latin America Contact Lenses Market Dynamics – Trends
  6. Middle East and Africa Contact Lenses Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Soft Lens
      • Rigid Gas Permeable (RPG) Lens
      • Hybrid Lens
    • Design Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Spherical
      • Bifocal
      • Multifocal
      • Toric
    • Usage Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Daily Disposable
      • Weekly Disposable
      • Monthly Disposable
      • Annual Disposable
    • Product Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Corrective
      • Therapeutic
      • Cosmetic
      • Prosthetic
    • Distribution Channel Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Hospitals
      • Ophthalmic diagnoses center
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Contact Lenses Market – Opportunity Analysis Index, By Type, By Design, By Usage, By Product, By Distribution Channel, and Country, 2020 – 2026
    • MEA Contact Lenses Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Alcon Laboratories (U.S)
      • Abbott Medical Optics (U.S)
      • CooperVision (U.S)
      • Bausch & Lomb (U.S)
      • CIBA Vision (U.S)
      • Hoya Corp (Japan)
      • Carl Zeiss (Germany)
      • Johnson & Johnson (U.S)
  1. Research Methodology
  2. Key Assumptions and Acronyms

 

Disclaimer

The above mentioned segmentation is tentative; it is changed according to client’s requirement, or research feasibility.


Report

Company Profile

  • Alcon Laboratories (U.S)
  • Abbott Medical Optics (U.S)
  • CooperVision (U.S)
  • Bausch & Lomb (U.S)
  • CIBA Vision (U.S)
  • Hoya Corp (Japan)
  • Carl Zeiss (Germany)
  • Johnson & Johnson (U.S)

Description

The global contact lenses market  size was valued at USD 10,303.6 million in 2021 and is expected to reach USD 14,790.7 million by 2028 growing at a CAGR of 5.3% during the forecast period 2022-2028. Contact Lenses Market is commonly used to repair vision issues such as presbyopia, hypermetropia/hyperopia, and astigmatism, as well as to compensate for them. Scratch-resistant materials, ultraviolet protection, and anti-refractive materials are coated on these lenses to provide the optimum therapeutic experience as well as comfort to the user. Contact lenses are classified as class II or class III medical devices by the US FDA, depending on how they are used. The FDA classifies regular use contact lenses as a class II medical device because they can endanger users if they are not used according to a physician’s instructions. Furthermore, contact lenses that are worn for an extended period of time are classified as class III medical devices. If used without the advice of a physician, these lenses provide a greater risk in terms of safety and health. Contact lenses are also used for aesthetic and cosmetic purposes to change the colour of the eyes, in addition to refractive lenses. People are very much following the trend of utilising contact lenses for cosmetic purposes as a result of social media exposure. Meanwhile, the contact lens industry is being driven by an increase in the number of cases of visual errors. In March 2018, Alcon has launched new US-specific packaging for AIR OPTIX plus HydraGlyde contact lenses.

 

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