Contact Lenses Market Research Study, Sales Revenue, Key Players, Growth factors, Trends and Forecast 2030
Research Reports
May 10, 2023
Contact Lenses Market Research Report: Information By Usage (Daily Wear, Extended Wear, and Traditional Wear), By Design (Spherical, Toric, Multifocal, Monovision, and Cosmetic), By Material (Silicone Hydrogel, Hydrogel, Glass Permeable, Hybrid, and Polymethyl Methacrylate (PMMA)), By Type (Opaque Contact Lenses, Enhanced Contact Lenses, and Tinted Contact Lenses), By Application (Conventional, Orthokeratology, and Decorative), By Distribution Channel (Retail Stores, Hospitals & Clinics, and E-Commerce), and Region (North America, Europe, A
Market Research Future Insights
The global contact lenses market is expected to register a CAGR of ~3.50% from 2022 to 2030 and hold a value of over USD 11.72 billion by 2030.
The contact lenses market refers to the market for corrective and cosmetic lenses that are worn directly on the eye. Contact lenses are used to correct vision problems such as nearsightedness, farsightedness, and astigmatism, and are also available in a variety of colors and designs for cosmetic purposes.
The COVID-19 pandemic has had a mixed impact on the contact lenses market. On one hand, the increased use of masks and face shields has led to a decrease in demand for cosmetic contact lenses. On the other hand, the pandemic has led to an increase in demand for contact lenses as a replacement for glasses, as they do not fog up when wearing a mask.
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Market Segmentation
The Global contact lenses market has been segmented based on usage, design, material, type, application and distribution channels.
Based on Usage: Daily Wear, Extended Wear and Traditional Wear
Based on Design: Spherical, Toric, Multifocal, Monovision and Cosmetic
Based on Material: Silicone Hydrogel, Hydrogel, Glass Permeable, Hybrid and Polymethyl Methacrylate (PMMA)
Based on Type: Opaque Contact Lenses, Enhanced Contact Lenses and Tinted Contact Lenses
Based on Application: Conventional, Orthokeratology and Decorative
Based on Distribution Channel: Retail Stores, Hospitals & Clinics, E-Commerce
Key Players
Some of the key market players are Novartis AG, CooperVision, Inc. Bausch Health, Neovision Co. Ltd, Seed Co. Ltd, The Cooper Companies Inc.Hoya Corporation, Menicon Co., Ltd, Oculus Private Limited, Camax Optical Corp., and St. Shine Optical Co., Ltd.
Regional Analysis
The contact lens market is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America and Europe are the largest markets for contact lenses, due to high disposable incomes and a large number of people with vision problems. Asia-Pacific is expected to be the fastest-growing region, due to increasing adoption of contact lenses and a growing middle class with disposable incomes.
Browse In-depth Market Research Report (129 Pages) on contact lenses Market:
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