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Contact Lenses Market Overview with Detailed Analysis, Competitive landscape, Forecast to 2025

Author : Ravi Chawat | Published Date : 2020-09-17 

Global contact lenses market size will be worth more than US$14 billion by 2025, with growing preference for lenses particularly among the younger population.

The popularity of contact lenses across the globe will continue to grow with constant improvements in materials, designs, and the wide range which they are available in. Their use in the correction of refractive errors and cosmetics has increased considerably in recent years. While majority of the population wears contact lenses for optical or functional reasons, an aesthetic appeal has been among the major motivating factors for people who want to avoid wearing glasses.

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Top Companies

Bausch Health Companies Inc (Bausch + Lomb, Inc.), Blanchard Contact Lenses, Carl Zeiss Beteiligungs-GmbH, Conforma Laboratories, Inc., Contamac, CooperVision, ESSILORLUXOTTICA (Essilor International S.A), Hoya Corporation, Johnson & Johnson (Johnson and Johnson Vision Care), Menicon, Novartis AG, SynergEyes, Inc., UltraVision CLPL

Regional Growth Drivers of Contact Lenses Market are

  • North America - Rising prevalence of eyesight disorders along with increasing consumer spending
  • Europe - Rising preference for branded contact lenses
  • Asia Pacific - Rising contact lenses consumption in several regional countries including China, Japan and South Korea
  • Latin America - Increasing popularity of contact lens in the region
  • MEA - High preference for cosmetic contact lenses

Constant technological developments and product innovations

Contact lenses manufacturers are significantly fueling their research and development efforts to introduce newer varieties of lenses with advanced capabilities. In April 2019, Johnson & Johnson Vision had launched the ACUVUE OASYS photochromic contact lens, the first ever lenses to adapt to changing light conditions.

In a survey by Johnson & Johnson, 70% Americans said they are bothered by bright lights while driving, and nearly half of respondents said they wish their eyes could adjust to changing light conditions quickly.

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Johnson & Johnson Vision’s ACUVUE OASYS contact lenses are designed to accomplish what eyes naturally cannot. While a usual contact lens corrects refractive defects, J&J Vision’s lenses seamlessly adjust from dark to clear and back, minimizing the exposure to bright light indoors and outdoors.

The rapidly-growing field of contact lens technology is bound to witness more such innovations in the upcoming years, with manufacturers constantly trying to figure out where the next breakthrough may lie.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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