
Contact Lenses Market
Description
Contact Lenses Market
The Global Contact Lenses Market, valued at USD 19.5 million in 2023, is forecasted to grow at a CAGR of 6.5% from 2024 to 2032. The rising prevalence of eye conditions, such as myopia and presbyopia, drives this growth. Prolonged screen exposure and reduced outdoor activity contribute to an increase in vision issues, particularly among younger populations. The growing need for corrective lenses is also supported by an aging population, which is more susceptible to age-related eye diseases like presbyopia. This has led to a surge in demand for bifocal and multifocal contact lenses, further fueling the market expansion.In addition to medical needs, the convenience and comfort offered by contact lenses play a crucial role in market growth. Unlike glasses, contact lenses move naturally with the eye, providing a broader field of vision without the obstruction of frames. They are particularly popular among individuals with active lifestyles, as they offer greater freedom during activities like sports and outdoor events. Technological advancements have also significantly improved the comfort of contact lenses, with modern lenses now being more breathable and hydrating, which helps reduce irritation and dryness. The introduction of daily disposable lenses adds to this convenience by eliminating the need for cleaning and maintenance, making them a preferred option for many.The market is segmented by type, including rigid gas permeable (RGP), soft, and hybrid contact lenses. The rigid gas permeable lenses led the market in 2023 with a revenue of USD 9.8 million and are expected to reach USD 17.5 million by 2032. These lenses are favored for their superior oxygen permeability, providing better eye health by reducing the risk of conditions like hypoxia. They also offer exceptional visual clarity, particularly for individuals with irregular corneas. Furthermore, RGP lenses are known for their durability and cost-effectiveness, making them a reliable long-term choice for many users.Based on material, the market is divided into hydrogel and polymers. In 2023, hydrogel lenses held around 71% of the market and are anticipated to grow at a CAGR of 6.7% during the forecast period. Hydrogel’s high water content and soft texture make it a comfortable option, offering better oxygen permeability and reducing the chances of eye irritation.In terms of regional analysis, the Asia-Pacific region dominated the market, generating USD 6.1 million in revenue in 2023 and is projected to reach USD 11.23 million by 2032. The region's growth is driven by large populations and the increasing popularity of contact lenses for aesthetic enhancement and vision correction.
Table of Contents
125 Pages
- Chapter 1 Methodology & Scope
- 1.1 Market Definitions
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.1.1 Country-regional level market size estimate (Bottom-Up Approach)
- 1.3.2.1 Key trends for market estimates
- 1.4 Forecast model
- 1.5 Primary research & validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
- Chapter 2 Executive Summary
- 2.1 Global Contact Lenses industry 360° synopsis, 2023 - 2032
- 2.2 Business trends
- 2.3 Type trends
- 2.4 Material trends
- 2.5 Design trends
- 2.6 Product trends
- 2.7 Usage trends
- 2.8 Distribution channel trends
- 2.9 Region trends
- Chapter 3 Global Contact Lenses Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future Outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Key news and initiatives
- 3.3 Regulatory landscape
- 3.3.1 North America Regulatory landscape
- 3.4 Impact forces
- 3.4.1 Growth drivers
- 3.4.1.1 Rising Vision-Related Issues
- 3.4.1.2 Convenience and Comfort Offered
- 3.4.1.3 Expanding Product Ranges and Availability
- 3.4.2 Industry pitfalls & challenges
- 3.4.3 Competition from Alternative Vision Treatments
- 3.5 Growth potential analysis
- 3.6 Raw material analysis
- 3.7 Trade analysis
- 3.7.1 Export data
- 3.7.2 Import data
- 3.8 Porter's analysis
- 3.8.1 Supplier power
- 3.8.2 Buyer power
- 3.8.3 Threat of new entrants
- 3.8.4 Threat of substitutes
- 3.8.5 Industry rivalry
- 3.9 PESTEL analysis
- Chapter 4 Competitive Landscape
- 4.1 Introduction
- 4.2 Global company market share analysis, 2023
- 4.3 Competitive analysis of major market players
- 4.4 Competitive positioning matrix
- 4.5 Strategic outlook matrix
- Chapter 5 Global Contact Lenses Market, By Type
- 5.1 Key type trends
- Chapter 6 Global Contact Lenses Market, By Material
- 6.1 Key material trends
- Chapter 7 Global Contact Lenses Market, By Design
- 7.1 Key design trends
- Chapter 8 Global Contact Lenses Market, By Product
- 8.1 Key product trends
- Chapter 9 Global Contact Lenses Market, By Usage
- 9.1 Key usage trends
- Chapter 10 Global Contact Lenses Market, By Distribution Channel
- 10.1 Key distribution channel trends
- Chapter 11 Global Contact Lenses Market, By Region
- 11.1 Key region trends
- Chapter 12 Company Profiles
- 12.1 Alcon Inc.
- 12.1.1 Global overview
- 12.1.2 Market/Business Overview
- 12.1.3 Financial data
- 12.1.4 Strategic Outlook
- 12.1.5 SWOT analysis
- 12.2 Bausch Health Companies Inc.
- 12.2.1 Global overview
- 12.2.2 Market/Business Overview
- 12.2.3 Financial data
- 12.2.3.1 Sales Revenue, 2022-2023
- 12.2.4 Product Landscape
- 12.2.5 Strategic Outlook
- 12.2.6 SWOT analysis
- 12.3 Carl Zeiss Beteiligungs-GmbH
- 12.3.1 Global overview
- 12.3.2 Market/Business Overview
- 12.3.3 Product Landscape
- 12.3.4 Strategic Outlook
- 12.3.5 SWOT analysis
- 12.4 Conforma Laboratories, Inc.
- 12.4.1 Global overview
- 12.4.2 Market/Business Overview
- 12.4.3 Financial data
- 12.4.4 Product Landscape
- 12.4.5 Strategic Outlook
- 12.4.6 SWOT analysis
- 12.5 Contamac Limited
- 12.5.1 Global overview
- 12.5.2 Market/Business overview
- 12.5.3 Financial data
- 12.5.4 Product landscape
- 12.5.5 Strategic Outlook
- 12.5.6 SWOT analysis
- 12.6 Cooper Vision Inc.
- 12.6.1 Global overview
- 12.6.2 Market/Business overview
- 12.6.3 Financial data
- 12.6.4 Product Landscape
- 13.1.1 Strategic outlook
- 13.1.2 SWOT analysis
- 13.2 Essilor Luxottica
- 13.2.1 Global overview
- 13.2.2 Market/Business Overview
- 13.2.3 Product Landscape
- 13.2.4 Strategic Outlook
- 13.2.5 SWOT analysis
- 13.3 Hoya Corporation
- 13.3.1 Global overview
- 13.3.2 Market/Business overview
- 13.3.3 Financial data
- 13.3.4 Product landscape
- 13.3.5 Strategic outlook
- 13.3.6 SWOT analysis
- 13.4 Johnson & Johnson Vision Care, Inc.
- 13.4.1 Global overview
- 13.4.2 Market/Business overview
- 13.4.3 Financial data
- 13.4.4 Product landscape
- 13.4.5 Strategic outlook
- 13.4.6 SWOT analysis
- 13.5 Menicon Co., Ltd.
- 13.5.1 Global overview
- 13.5.2 Market/Business overview
- 13.5.3 Financial data
- 13.5.4 Product landscape
- 13.5.5 Strategic outlook
- 13.5.6 SWOT analysis
- 13.6 SynergEyes
- 13.6.1 Global overview
- 13.6.2 Market/Business overview
- 13.6.3 Financial data
- 13.6.4 Product landscape
- 13.6.5 Strategic outlook
- 13.6.6 SWOT analysis
- 13.7 Ultra Vision
- 13.7.1 Global overview
- 13.7.2 Market/Business overview
- 13.7.3 Financial data
- 13.7.4 Product landscape
- 13.7.5 Strategic outlook
- 13.7.6 SWOT analysis
- 13.8 Aqualens Sp
- 13.8.1 Global overview
- 13.8.2 Market/Business overview
- 13.8.3 Financial data
- 13.8.4 Product Landscape
- 13.8.5 Strategic outlook
- 13.8.6 SWOT analysis
- 13.9 Ximenes
- 13.9.1 Global overview
- 13.9.2 Market/Business overview
- 13.9.3 Financial data
- 13.9.4 Product landscape
- 13.9.5 Strategic outlook
- 13.9.6 SWOT analysis
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