Contact Lenses Market Size, Share, By Material (Hybrid Lens, Silicone Hydrogel Lenses, PMMA Lenses, Soft Lenses, and Others), Design (Spherical, Toric, Multifocal, and Monovision), Application (Vision Correction, Eye Conditions, and Cosmetic Use), Distribution Channel (Hospital pharmacies, Retail Stores, and Online Stores), and Region - Trends, Analysis, and Forecast till 2035

• By 2035, the target market is expected to increase at a rate of USD 21.2 Billion.
• In 2024, the contact lenses market size was worth USD 11.08 Billion.
• The market is expanding at a 6.7% CAGR.

Contact lenses are thin, clear plastic discs that ware on eyes to correct vision problems. Contact lenses are aimed to correct refractive errors, such as nearsightedness, farsightedness, astigmatism, and presbyopia. The soft contact lenses dominate the target market share growth, since they are comfortable and quickly adjust to person after wearing them. The aging population to have more eye diseases, cosmetic contact lenses use and technological advancement in optics, further driving the contact lenses market growth during the forecast period.

For instance, in August 2024, Kits Eyecare Ltd., a vertically eyecare provider, announced the launched of new product KITS Daily Color Contacts, these contact lenses designed to provide the high-quality daily ware lenses with added color options to enhance appearance of the user’s eyes.

Key Takeaways:

• North America is the dominating region in the target market growth due to the growing number of people with refractive errors, such as myopia and hyperopia.
• By material, hydrogel lenses leads the market due to its improved comfort and easy to handle feature making it the first choice for doctors and their patients.

Key Drivers of Target Market:

Rising Demand of Contact Lenses to Improved Vision Propels Market Growth

The contact lenses help to improve vision for the patients with myopia and hyperopia by correcting refractive errors such as farsightedness, nearsightedness and others. Contact lenses provide natural view to person as they move and allows for the natural view to reduce distortions.

• For instance, the article published by World Health Organization (WHO) in August 2023 highlights, the impact of vision impairment globally, at least approximately 2.2 billion people have a near or distance vision impairment, in which refractive errors was the first causes of vision impairment and blindness.

Increasing Use of Daily Disposable Lenses is Speeding up Market Expansion

Daily disposable lenses are the type of contact lenses, which can be used for a single day and they are hygienic and do not need to be cleaned and stored. They are taken out at each night to allow proper oxygen flow to the eyes and reduce the chances of infection by reducing potential for bacterial growth.

• For instance, the article publishes by ResearchGate GmbH, in October 2024 highlights a comparative study between daily disposable contact lens with deflection A lenses. The aim of the study is to assess the effects on contact lens comfort, dryness, and ware time of the contact lens.

Restraints:

Allergies Caused by Contact Lenses Can Affect the Target Market Growth

After certain period of time, there are chances to cause allergy to the eyes, usually caused by preservatives in the solution and the symptoms of an allergic reaction is eye redness, swelling, and itchiness or watery eyes.

• Counterbalance Statements: Follow the eye care instruction for cleaning, disinfecting, store in solution, and others. Before handling the contact lenses, wash your hands and avoid wearing contact lenses during water sports.

Opportunities & Market Trends:

Emerging Markets Adoption and Growth: 

• There is a great chance to improve the potential manufactures for the contact lenses industry. Technological advancement in contact lens materials and their types, competition between companies in the filed like AR vision can act as a new opportunities for the target market expansion.

The contact lenses market is classified into material, design, application, distribution channel, and region.

Material:

The target market is classified by material into hybrid lens, silicone hydrogel lenses, PMMA lenses, soft lenses, and others. The silicone hydrogel lenses holds the largest contact lenses market share due to their comfort and easy to use application for patient, and is a disposable contact lens making it the first choice of doctors to their patients. Silicon hydrogel lenss are dry and useful for sensitive eyes by giving biocompatibility with the human eye.

Design: 

The contact lens market by design is categorized into spherical, toric, multifocal, and monovision. The spherical lenses segment has highest growth rate owing to the spherical lenses contain easier surface design, exact fitting and usage for multi-faceted for hyperopia or myopia.

Application: 

By application, the contact lenses market is segmented into vision correction, eye conditions, and cosmetic use. The vision correction segment will dominate the target market due to the increasing eye disorders, such as myopia and hyperopia while contact lenses are effective way to correct vision and do not cause risk if handled properly

• For instance, an article was published in MJH Life Sciences in October 2024. This article highlights that, the physiotherapy is considered as primary treatment for myopia, which includes, contact lenses for correct vision, orthokeratology, and refractive surgery. This article helps to provide alternatives to traditional methods and treatment on myopia’s growing prevalence.

Distribution Channel: 

The market for contact lenses is segmented into three segments based on distribution channel including hospital pharmacies, retail stores, and online stores. The retail stores segment is dominating due to the increasing preference toward retail stores among consumers and it contains wide variety of options and brands as per consumer’s preference.

• For instance, in April 2021, EssilorLuxottica an eye ware industry, announced the acquisition of GrandVision, a major optical retail chain based in Europe. This is largest retail chain operates more than 350 locations and aimed to expand retail segment in Europe and reach more customers in the European market.

Region:

Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

North America: This is the dominating region in the target market due to the presence of contact lens companies, such as Johnson & Johnson Services, Inc. and also increasing prevalence of refractive error, such as myopia and hyperopia. 

• For instance, in November 2024, Johnson & Johnson Vision Care has launched their new advancement in contact lens industry in the Academy 2024 conference as ACUVUE OASYS MAX-1- Day contact lens. It is equipped with OptiBlue Light Filter which is specially designed to block 60% of blue-violet light. This contact lens aims on concerns about potential effects of exposure to blue light, which is emitted from digital screens and artificial lighting.

Asia Pacific: This region is accounted to grow at higher forecast period due to increasing healthcare expenditures, improving healthcare clinics in China and India also increasing awareness in peoples about eye care and contact lens. Also, increasing prevalence of eye disease as growing population in this region encouraging for the advancement in lens technology, which will lead the target market growth in upcoming years.

Contact Lenses Market Report Scope:

Segmentation:

By Material:

• Hybrid Lens
• Silicone Hydrogel Lenses
• PMMA Lenses
• Soft Lenses
• Others

By Design:

• Spherical
• Toric
• Multifocal
• Monovision

By Application:

• Vision Correction
• Eye Conditions
• Cosmetic Use

By Distribution Channel:

• Hospital pharmacies
• Retail Stores
• Online Stores

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating in the contact lenses market include Johnson & Johnson Vision Care, Inc, Menicon Co., Ltd, Alcon, and others. These companies are working in the field, such as AR vision with technological advancements, such as lower power consumption and reduction in loss of brightness, further driving the target market growth.

List of Key Players in the Market:

• Johnson& Johnson Vision Care, Inc
• Menicon Co., Ltd.
• Alcon Inc
• HOYA Corporation
• EssilorLuxottica
• Carl Zeiss Meditec
• Abbott
• CooperVision
• SynergEyes
• X-Cel Specialty Contacts
• medennium Co, Ltd.
• STAAR Surgical
• Logowik
• Bausch Health Companies
• Art Optical Contact Lenses, Inc.

• In November 2024, Alcon has introduced the PRECISION7, which is a replacement of contact lens, designed for providing comfort and consistent vision quality within 16 hours as compared to the traditional lenses. The PRECISION7 expands Alcon’s portfolio, by giving solution on comfort and affordability as compared to the daily disposable lenses with cost-effective options for extended wear.
• In November 2022, CooperVision, Inc. completed its acquisition of SynergEyes, Inc. This acquisition enhances the complex eye conditions, such as keratoconus and irregular cornea.  This company focus on the development, distribution, and manufacturing of soft and custom rigid gas permeable lens designs which give solution on orthokeratology and scleral lenses. This acquisition strengths CooperVision’s position in contact lens market by giving advanced lens design for difficult to treat eye conditions.

Analyst View:

Contact lenses market is set to substantial growth which is driven by increasing awareness between people for contact lens usage and technological innovations to overcome eye disorder such as myopia and hyperopia, which is expected to drive the target market expansion in upcoming years.

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