According to the latest report by IMARC Group “Contact Lenses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“
According to the latest report by IMARC Group “Contact Lenses Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global contact lenses market size reached US$ 7.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.8 Billion by 2027, exhibiting a growth rate (CAGR) of 6% during 2022-2027.
Contact lenses are thin, curved lenses that are worn on the tear films of the eye to correct refractive vision abnormalities. They also help people with myopia, hypermetropia, presbyopia, and astigmatism improve their vision. They are typically accessible with an ophthalmologist’s prescription to prevent future issues such as vision loss or blindness, inflammation, and infections.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
The expanding senior population is favourably influencing the need for contact lenses for vision correction as vision weakens with age. Furthermore, the growing participation of persons in sports and other physical activities is fueling the demand for contact lenses to lower the risk of eye injury and improve compatibility with safety equipment. Furthermore, the emergence of unique lenses to treat keratoconus and other corneal abnormalities in youngsters is providing a positive market outlook. Furthermore, rising investments by market leaders in the production of ultraviolet (UV) inhibiting lenses and coloured lenses for cosmetic purposes are expected to drive market expansion.
Breakup by Material:
- Gas Permeable
- Silicone Hydrogel
- Hybrid
- Others
Breakup by Design:
- Spherical
- Toric
- Multifocal
- Others
Breakup by Usage:
- Daily Disposable
- Disposable
- Frequently Replacement
- Traditional
Breakup by Application:
- Corrective
- Therapeutic
- Cosmetic
- Prosthetic
- Lifestyle-oriented
Breakup by Distribution Channel:
- E-commerce
- Eye Care Practitioners
- Retail Stores
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Alcon Vision LLC
- Bausch & Lomb Incorporated
- Carl Zeiss AG
- Contamac Holdings Limited
- EssilorLuxottica SA
- Hoya Corporation
- Johnson & Johnson
- Menicon Co. Ltd.
- SEED Co. Ltd.
- SynergEyes
- The Cooper Companies Inc.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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