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Soft Contact Lenses Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034

Published Aug 11, 2025
Length 167 Pages
SKU # GMI20337033

Description

The Global Soft Contact Lenses Market was valued at USD 9.7 billion in 2024 and is estimated to grow at a CAGR of 7.9% to reach USD 20.6 billion by 2034.

Market growth is driven by rising cases of vision disorders, increasing demand for advanced vision correction solutions, and the growing popularity of lifestyle-oriented eye care products. Soft contact lenses, known for their comfort, flexibility, and convenience, are gaining widespread adoption among consumers seeking alternatives to traditional eyeglasses. The rising emphasis on aesthetics, coupled with innovations in lens materials and manufacturing technology, is further propelling market expansion globally.

The demand for soft contact lenses is being fueled by the growing prevalence of conditions such as myopia, hyperopia, astigmatism, and presbyopia, particularly among younger demographics and working professionals. As screen time continues to rise due to digital devices, eye strain and vision-related problems are becoming increasingly common, thereby boosting the adoption of corrective lenses. Soft contact lenses, which are easier to adapt to compared to rigid gas-permeable lenses, have emerged as the preferred choice for millions of users worldwide. In addition, advancements in silicone hydrogel materials, which allow more oxygen to reach the cornea, are enhancing comfort and safety, driving greater acceptance among first-time users.

In terms of market segmentation, daily disposable lenses accounted for the largest share in 2024, generating USD 5.6 billion, as consumers increasingly prioritize convenience, hygiene, and eye health. Daily disposables eliminate the need for cleaning and storage, reducing the risk of infections, which has made them particularly popular among young adults and first-time users. The rising preference for disposable lenses also aligns with the trend toward healthier, low-maintenance lifestyle choices, positioning this segment for continued dominance in the forecast period.

By usage, corrective soft contact lenses dominated the market in 2024, valued at USD 5.7 billion, driven by the high global incidence of refractive errors. Corrective lenses remain the backbone of the industry, providing effective vision correction for everyday use. However, specialty lenses such as cosmetic and therapeutic contact lenses are also witnessing steady growth, supported by increasing consumer interest in aesthetic enhancements and the treatment of conditions like dry eye syndrome and corneal irregularities.

North America Soft Contact Lenses Market generated USD 3.7 billion in 2024, supported by high awareness of advanced eye care solutions, strong disposable incomes, and the widespread availability of premium contact lens brands. The region’s robust healthcare infrastructure, combined with an increasing emphasis on eye health and aesthetics, is driving consistent demand. In addition, rising myopia cases among younger populations in the U.S. and Canada are contributing significantly to the market’s growth trajectory.

Leading players in the Global Soft Contact Lenses Market include Johnson & Johnson Vision Care, Alcon, Bausch + Lomb, CooperVision, and Hoya Corporation, who are strengthening their market positions through innovations in lens materials, product portfolios, and strategic partnerships. Companies are focusing on the development of smart contact lenses with embedded sensors for real-time health monitoring, further expanding the application scope of soft contact lenses beyond vision correction. As consumer preferences continue to shift toward comfort, convenience, and advanced functionality, the soft contact lenses market is set to experience robust growth in the coming decade. With innovations in material science, rising eye health awareness, and the growing adoption of e-commerce distribution, soft contact lenses are positioned to remain a cornerstone of modern vision care worldwide.

Table of Contents

167 Pages
Chapter 1 Methodology
1.1 Market scope and definitions
1.2 Research design
1.3 Market size estimates and calculations
1.3.1 Approach 1: Company revenue share analysis
1.3.2.1 Approach 2: Bottom-up analysis
1.3.3 Approach 3: Investor presentation
1.4 Key trends for market estimates
1.5 Forecast model
1.6 Primary research & validation
1.6.1 Primary sources
1.6.2 Data mining sources
1.6.2.1 Paid sources
1.6.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360 degree synopsis
2.2 Business trends
2.2.1 Regional trends
2.2.2 Material trends
2.2.3 Design trends
2.2.4 Usage trends
2.2.5 Application trends
2.2.6 Distribution channel trends
Chapter 3 Industry Insights
3.1 Industry ecosystem
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Increasing prevalence of myopia
3.2.1.2 Increased spending on ophthalmic products
3.2.1.3 Growing geriatric population with presbyopia
3.2.1.4 Rising demand for comfort and aesthetic look
3.2.2 Industry pitfalls and challenges
3.2.2.2 High cost associated with advanced and specialty lenses
3.3 Growth potential analysis
3.3.1 By material
3.3.2 By design
3.3.3 By usage
3.3.4 By application
3.3.5 By distribution channel
3.4 Regulatory landscape
3.4.1 U.S.
3.4.2 Europe
3.5 Technology landscape
3.6 Reimbursement Scenario
3.6.1 U.S.
3.6.2 Europe
3.7 Future market trends
3.8 Gap analysis
3.9 Porter's analysis
3.10 PESTEL analysis
3.11 Value chain analysis
3.12 Strategic analysis of sourcing dependencies and supplier concentration risks
Chapter 4 Competitive Landscape
4.1 Introduction
4.1.1 Johnson & Johnson
4.1.2 Alcon
4.1.3 The CooperCompanies, Inc
4.1.4 Bausch + Lomb Corporation
4.2 Company market share analysis
4.3 Company matrix analysis
4.4 Competitive analysis of major market players
4.5 Competitive positioning matrix
4.6 Strategy dashboard
Chapter 5 Soft Contact Lenses Market, By Material
5.1 Silicon hydrogel
5.2 Hydrogel
Chapter 6 Soft Contact Lenses Market, By Design
6.1 Spherical
6.2 Toric
6.3 Multifocal
6.4 Coloured
Chapter 7 Soft Contact Lenses Market, By Usage
7.1 Daily disposable
7.2 Weekly disposable
7.3 Monthly disposable
Chapter 8 Soft Contact Lenses Market, By Application
8.1 Corrective
8.2 Therapeutic
8.3 Cosmetic
8.4 Prosthetic
8.5 Lifestyle-oriented
Chapter 9 Soft Contact Lenses Market, By Distribution Channel
9.1 Retail optical stores
9.2 Hospitals and ophthalmology clinics
9.3 E-commerce
Chapter 10 Soft Contact Lenses Market, By Region
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 Latin America
10.5 Middle East and Africa
Chapter 11 Company Profile
11.1 ABB Optical Group
11.1.1 Financial Data
11.1.2 Product Landscape
11.1.3 Strategic Outlook
11.1.4 SWOT Analysis
11.2 Alcon
11.2.1 Financial Data
11.2.2 Product Landscape
11.2.3 Strategy Outlook
11.2.4 SWOT Analysis
11.3 BAUSCH+LOMB Corporation
11.3.1 Financial Data
11.3.2 Product Landscape
11.3.3 Strategy Outlook
11.3.4 SWOT Analysis
11.4 Clearlab SG Pte Ltd
11.4.1 Financial Data
11.4.2 Product Landscape
11.4.3 SWOT Analysis
11.5 Gelflex
11.5.1 Financial Data
11.5.2 Product Landscape
11.5.3 SWOT Analysis
11.6 Johnson & Johnson
11.6.1 Financial Data
11.6.2 Product Landscape
11.6.3 Strategy Outlook
11.6.4 SWOT Analysis
11.7 Mark'ennovy (Euclid Vision Group)
11.7.1 Financial Data
11.7.2 Product Landscape
11.7.3 Strategic Outlook
11.7.4 SWOT Analysis
11.8 Menicon Co Ltd.
11.8.1 Financial Data
11.8.2 Strategy Outlook
11.8.3 Product Landscape
11.8.4 SWOT Analysis
11.9 Orion Vision Group
11.9.1 Financial Data
11.9.2 Product Landscape
11.9.3 SWOT Analysis
11.10 St. Shine Optical Co., Ltd.
11.10.1 Financial Data
11.10.2 Product Landscape
11.10.3 SWOT Analysis
11.11 SpecialEyes
11.11.1 Financial Data
11.11.2 Product Landscape
11.11.3 SWOT Analysis
11.12 SEED Co., Ltd.
11.12.1 Financial Data
11.12.2 Product Landscape
11.12.3 SWOT Analysis
11.13 SwissLens
11.13.1 Financial Data
11.13.2 Product Landscape
11.13.3 SWOT Analysis
11.14 The Cooper Companies, Inc.
11.14.1 Financial Data
11.14.2 Product Landscape
11.14.3 Strategy Outlook
11.14.4 SWOT Analysis

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