Global Contact Lens Market: Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

Global Contact Lens Market: Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

The global contact lens market is forecasted to reach US$11.99 billion in 2026, growing at a CAGR of 7% for the period spanning 2022-2026. The factors such as increasing spending on eyewear products by population, rising prevalence of myopia, rapid urbanization and improving consumer confidence index are expected to drive the market. However, growth of the industry would be challenged by growth in LASIK surgeries and lack of proper health-care facilities. Few notable trends include growing smart contact lens demand, technological advancement, increased consolidation of market players, increasing shift towards daily disposable lenses and rising e-commerce sales. In 2020, the outbreak of COVID-19 pandemic has created an unfavorable impact on the market as the contact lens demand has decreased rapidly.

The contact lens industry can be classified on the basis of function (corrective, cosmetic & therapeutic), material (rigid, hybrid & soft) and modality/usage frequency (1-day wear lens/daily disposable lens & frequently replaced lens/FRP).

The fastest growing regional market is Americas owing to rise in awareness about advanced contact lenses, growth in online sales channels and rapid surge in disposable income. Further, Europe and Asia Pacific also held considerable shares in the global market, owing to the continuously growing demand for contact lens, driven by growing aging population and rising middle class income.

Scope of the report:

  • The report provides a comprehensive analysis of the global contact lens market, segmented by usage (1-Day & FRP) and material (Soft, Rigid & Hybrid).
  • The major regional markets (Americas, Asia-Pacific and Europe) have been analysed, along with country coverage of US and Japan.
  • The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
  • The competitive landscape of the market, along with the company profiles of leading players (Johnson & Johnson, Alcon AG, The Cooper Companies, Inc., Bausch Health Companies Inc., Hoya Corporation and ST. Shine Optical Co., Ltd.) are also presented in detail.
Key Target Audience:
  • Contact Lens Manufacturers
  • Component Suppliers
  • End Users
  • Consulting Firms
  • Investment Banks
  • Government Bodies & Regulating Authorities


1. Market Overview
1.1 Introduction
1.2 Classification of Contact Lens
Table 1: Classification of Contact Lens
1.3 Manufacturing of Contact Lens
2. Impact of COVID-19
2.1 Overview
2.2 Decline in Contact Lens Demand
Table 2: Global Contact Lens Demand (2019-2020E)
3. Global Contact Lens Market Analysis
3.1 Global Contact Lens Market Value
Table 3: Global Contact Lens Market Value (2017-2021)
3.2 Global Contact Lens Market Value Forecast
Table 4: Global Contact Lens Market Value Forecast (2022-2026)
3.3 Global Contact Lens Market Value by Usage
Table 5: Global Contact Lens Market Value by Usage (2021)
3.3.1 Global 1-Day Contact Lens Market Value
Table 6: Global 1-Day Contact Lens Market Value (2017-2021)
3.3.2 Global 1-Day Contact Lens Market Value Forecast
Table 7: Global 1-Day Contact Lens Market Value Forecast (2022-2026)
3.3.3 Global FRP Contact Lens Market Value
Table 8: Global FRP Contact Lens Market Value (2017-2021)
3.3.4 Global FRP Contact Lens Market Value Forecast
Table 9: Global FRP Contact Lens Market Value Forecast (2022-2026)
3.4 Global Contact Lens Market Value by Material
Table 10: Global Contact Lens Market Value by Material (2021)
3.5 Global Soft Contact Lens Market Value
Table 11: Global Soft Contact Lens Market Value (2017-2021)
3.6 Global Soft Contact Lens Market Value Forecast
Table 12: Global Soft Contact Lens Market Value Forecast (2022-2026)
3.7 Global Soft Contact Lens Market Value by Segments
Table 13: Global Soft Contact Lens Market Value by Segments (2021)
3.7.1 Global Sphere Soft Contact Lens Market Value
Table 14: Global Sphere Soft Contact Lens Market Value (2017-2021)
3.7.2 Global Sphere Soft Contact Lens Market Value Forecast
Table 15: Global Sphere Soft Contact Lens Market Value Forecast (2022-2026)
3.7.3 Global Toric Soft Contact Lens Market Value
Table 16: Global Toric Soft Contact Lens Market Value (2017-2021)
3.7.4 Global Toric Soft Contact Lens Market Value Forecast
Table 17: Global Toric Soft Contact Lens Market Value Forecast (2022-2026)
3.7.5 Global Multifocal Soft Contact Lens Market Value
Table 18: Global Multifocal Soft Contact Lens Market Value (2017-2021)
3.7.6 Global Multifocal Soft Contact Lens Market Value Forecast
Table 19: Global Multifocal Soft Contact Lens Market Value Forecast (2022-2026)
3.8 Global Contact Lens Market Value by Region
Table 20: Global Contact Lens Market Value by Region (2021)
4. Regional Contact Lens Market Analysis
4.1 Americas
4.1.1 Americas Contact Lens Market Value
Table 21: Americas Contact Lens Market Value (2017-2021)
4.1.2 Americas Contact Lens Market Value Forecast
Table 22: Americas Contact Lens Market Value Forecast (2022-2026)
4.1.3 Americas Contact Lens Market Value by Usage
Table 23: Americas Contact Lens Market Value (2021)
4.1.4 Americas FRP Contact Lens Market Value
Table 24: Americas FRP Contact Lens Market Value (2017-2021)
4.1.5 Americas FRP Contact Lens Market Value Forecast
Table 25: Americas FRP Contact Lens Market Value Forecast (2022-2026)
4.1.6 Americas 1-Day Contact Lens Market Value
Table 26: Americas 1-Day Contact Lens Market Value (2017-2021)
4.1.7 Americas 1-Day Contact Lens Market Value Forecast
Table 27: Americas 1-Day Contact Lens Market Value Forecast (2022-2026)
4.1.8 The U.S. Contact Lens Market Value
Table 28: The U.S. Contact Lens Market Value (2017-2021)
4.1.9 The U.S. Contact Lens Market Value Forecast
Table 29: The U.S. Contact Lens Market Value Forecast (2022-2026)
4.1.10 The U.S. Contact Lens Market Value by Material
Table 30: The U.S. Contact Lens Market Value by Material (2021)
4.1.11 The U.S. Soft Contact Lens Market Value
Table 31: The U.S. Soft Contact Lens Market Value (2017-2021)
4.1.12 The U.S. Soft Contact Lens Market Value Forecast
Table 32: The U.S. Soft Contact Lens Market Value Forecast (2022-2026)
4.2 Asia-Pacific
4.2.1 Asia-Pacific Contact Lens Market Value
Table 33: Asia-Pacific Contact Lens Market Value (2017-2021)
4.2.2 Asia-Pacific Contact Lens Market Value Forecast
Table 34: Asia-Pacific Contact Lens Market Value Forecast (2022-2026)
4.2.3 Asia-Pacific Contact Lens Market Value by Usage
Table 35: Asia-Pacific Contact Lens Market Value by Usage (2021)
4.2.4 Asia-Pacific 1-Day Contact Lens Market Value
Table 36: Asia-Pacific 1-Day Contact Lens Market Value (2017-2021)
4.2.5 Asia-Pacific 1-Day Contact Lens Market Value Forecast
Table 37: Asia-Pacific 1-Day Contact Lens Market Value Forecast (2022-2026)
4.2.6 Asia-Pacific FRP Contact Lens Market Value
Table 38: Asia-Pacific FRP Contact Lens Market Value (2017-2021)
4.2.7 Asia-Pacific FRP Contact Lens Market Value Forecast
Table 39: Asia-Pacific FRP Contact Lens Market Value Forecast (2022-2026)
4.2.8 Japan Contact Lens Market Value
Table 40: Japan Contact Lens Market Value (2017-2021)
4.2.9 Japan Contact Lens Market Value Forecast
Table 41: Japan Contact Lens Market Value Forecast (2022-2026)
4.3 Europe
4.3.1 Europe Contact Lens Market Value
Table 42: Europe Contact Lens Market Value (2017-2021)
4.3.2 Europe Contact Lens Market Value Forecast
Table 43: Europe Contact Lens Market Value Forecast (2022-2026)
4.3.3 Europe Contact Lens Market Value by Usage
Table 44: Europe Contact Lens Market Value by Usage (2021)
4.3.4 Europe 1-Day Contact Lens Market Value
Table 45: Europe 1-Day Contact Lens Market Value (2017-2021)
4.3.5 Europe 1-Day Contact Lens Market Value Forecast
Table 46: Europe 1-Day Contact Lens Market Value Forecast (2022-2026)
4.3.6 Europe FRP Contact Lens Market Value
Table 47: Europe FRP Contact Lens Market Value (2017-2021)
4.3.7 Europe FRP Contact Lens Market Value Forecast
Table 48: Europe FRP Contact Lens Market Value Forecast (2022-2026)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Increasing Spending on Eyewear Products by Population
Table 49: Global Eyewear Spending Per Capita (2021)
5.1.2 Rising Prevalence of Myopia
Table 50: Global Myopia Prevalence (2010/2020/2030)
5.1.3 Rapid Urbanization
Table 51: Global Urban Population (2017-2021)
5.1.4 Improving Consumer Confidence Index
Table 52: Consumer Confidence Index in US and Europe (2017-2021)
5.2 Key Trends and Developments
5.2.1 Growing Smart Contact Lens Demand
Table 53: Global Smart Contact Lens Market (2017-2021)
5.2.2 Technological Advancement
5.2.3 Increased Consolidation of Market Players
5.2.4 Increasing Shift Towards Daily Disposable Lenses
5.2.5 Rising E-Commerce Sales
Table 54: Global E-Commerce Sales (2017-2021)
5.3 Challenges
5.3.1 Growth in LASIK Surgeries
Table 55: The U.S. LASIK Surgery Procedures (2017-2021)
5.3.2 Lack of Proper Health-Care Facilities
6. Competitive Landscape
6.1 Global Contact Lens Market
6.1.1 Key Players – Market Share Comparison
Table 56: Key Players – Market Share Comparison (2021)
7. Company Profiles
7.1 Johnson & Johnson
7.1.1 Business Overview
7.2 Alcon AG
7.2.1 Business Overview
7.3 The Cooper Companies, Inc.
7.3.1 Business Overview
7.4 Bausch Health Companies Inc.
7.4.1 Business Overview
7.5 Hoya Corporation
7.5.1 Business Overview
7.6 ST. Shine Optical Co., Ltd.
7.6.1 Business Overview

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