Disposable Contact Lens Market is estimated to be 39.8 billion by 2034 with a CAGR of 15.40% during the forecasted period.

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Published Date: February 2024

The disposable contact lens market accounted for US$ 9.5 billion in 2024 and is estimated to be 39.8 billion by 2034 and is anticipated to register a CAGR of 15.40%.

The report. "Disposable Contact Lens Market, By Product Type (Corrective, Cosmetic Lens, Prosthetic Lens, and Therapeutic Lens), By Material (Hydrogel and Polymers), By Design (Toric, Spherical, Bifocal, and Multifocal), By Distribution Channel (Optical Stores, Multi-Brand Stores, Independent Brand Stores, Online Retailer, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2026”.

Key Highlights:

In January 2019, the Food and Drug Administration (FDA) approved Tangible Science LLC’s product protocols of daily disposable silicone hydrogel contact lens with an improved formula of Tangible Hydra-PEG which aims to enhance the lens wettability and deposited resistance.
In April 2018, the Food and Drug Administration (FDA) approved the first contact lens to include an additive that can automatically darken the lens when exposed to bright light.

Analyst View:

Rising concerns related to looks of an individual, to recover or change eye color is a key factor projected to propel growth of the global market in the coming years. Further, growing self-consciousness about appearance in the young population and increasing awareness about disposable contact lenses across the world results to high adoption of disposable contact lenses products. Additionally, advancement of new technologies such as these lenses use silicone hydrogel that enables more oxygen and successive launch of the products with advanced features lightweight, durability, permeability, and sharp vision are some other factors driving the growth of disposable contact lenses market in the near future.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Disposable Contact Lens Market”, By Product Type (Corrective, Cosmetic Lens, Prosthetic Lens, and Therapeutic Lens), By Material (Hydrogel and Polymers), By Design (Toric, Spherical, Bifocal, and Multifocal), By Distribution Channel (Optical Stores, Multi-Brand Stores, Independent Brand Stores, Online Retailer, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:

The disposable contact lens market accounted for US$ 9.5 billion in 2024 and is estimated to be 39.8 billion by 2034 and is anticipated to register a CAGR of 15.40%. The market report has been segmented on product type, material, design, distribution channel, and region.

By product type, the global disposable contact lens market is segmented into corrective, cosmetic lens, prosthetic lens, and therapeutic lens.

By material, the hydrogel material segment is projected to register major revenue contribution, due to visual acuity, minimal spectacle distortion or blur, simple to fit, high initial comfort. The polymers material segment is projected to account second-largest revenue share of the global market, owing to required properties such as improved flexibility, easy to manufacture & clean, easily available material are factors to drive the growth of this segment.
By design, the spherical segment is projected to register major revenue contribution in the global disposable contact lenses market followed by the bifocal segment.
By distribution channel, the target market is classified into optical stores, multi-brand stores, independent brand stores, online retailer, and others.
By region, Asia Pacific market is projected to lead the global market in terms of revenue, owing to growing adoption of disposable contact lenses products and rising demand for disposable contact lenses with presence of variety of colors among individuals due to growing disposable income in developing countries such as India, China, and Japan in the region.

Competitive Landscape:

The prominent player operating in the global disposable contact lens market includes The Cooper Companies, Inc., Novartis International AG, Johnson & Johnson, Bausch Health Companies Inc., Blanchard Lab, ZEISS International, Alcon Company, and Hoya Corporation

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered