Global Contact Lenses Market, By Modality (Reusable, v/s Disposable), By Design (Spherical, Toric, Multifocal & Others), By Material Type (Silicon hydrogel, Hydrogel, Gas Permeable & others), By Application (Corrective, Therapeutic, Cosmetic & others), By Distribution (Retail Stores, Hospitals & Clinics, Online) By Region, Competition, Forecast & Opportunities, 2026
The global contact lenses market stood at USD13.73 billion in 2020 and is further anticipated to grow at a CAGR of 6.25%, during the forecast period owing to the growing geriatric population suffering from various kinds of eye related disorders. Moreover, increasing disposable incomes and changing consumer preference towards contact lenses with attractive colours, shades, and textures for enhancing eye appearance are further pushing demand for contact lenses globally.
In terms of modality, the market can be segmented into reusable and disposable. The disposable contact lenses segment is expected to witness significant growth in the forecast period owing to the growing demand for these lenses on account of the growing awareness pertaining to health & sanitation. Based on the design, the market is segmented into spherical, toric, multifocal and other products. Among them, spherical contact lenses dominated the market in 2020 with a share of 49.21% and is expected to maintain its dominance over the forecast period owing to higher adoption of these lenses by optometrists and patients to treat myopia and hypermetropia.
Bausch & Lomb, Inc., Essilor International S.A., Johnson & Johnson, CooperVision, Inc., Contamac Holdings Limited, Hoya Corporation, SynergEyes, Inc., X-Cel Specialty Contacts, STAAR Surgical Company, Carl Zeiss Meditec AG, Seed Co., Ltd., Menicon Co., Ltd., Alcon., Inc., UltraVision CLPL, Benq Materials Corporation are the leading companies are continuously focusing on product launches and R&D activities to expand their share in the market.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
- To analyze and forecast the market size of global contact lenses market.
- To forecast global contact lenses market based on modality, design, material type, application, distribution channel and regional distribution.
- To identify drivers and challenges for global contact lenses market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global contact lenses market.
- To conduct the pricing analysis for global contact lenses market.
- To identify and analyze the profile of leading players operating in the global contact lenses market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of contact lens manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analysed the product types, application types and presence of all major contact lens manufacturers across the globe.
TechSci Research calculated global contact lenses market size by using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Contact lens manufacturers, suppliers, and distributors.
- Government bodies such as regulating authorities and policy makers.
- Organizations, forums and alliances related to contact lenses
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global contact lenses market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Market, By Modality:
- Market, By Design:
- Market, By Material:
- Silicon hydrogel
- Gas Permeable
- Market, By Application:
- Market, By Application
- Retail Stores
- Hospital & clinics
- Market, By Region:
- North America
- United States
- United Kingdom
- South Korea
- South America
- Middle East & Africa
- South Africa
- Saudi Arabia
Company Profiles: Detailed analysis of the major companies present in global contact lenses market.
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
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