Contact Lenses Market Size, Growth, Opportunities 2024-2032 | Johnson & Johnson Vision Care, Inc., Bausch + Lomb, The Cooper Companies, Inc.

The global contact lenses market size was valued at USD 10.45 billion in 2023. The market is projected to grow from 𝗨𝗦𝗗 𝟭𝟭.𝟬𝟴 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟮𝟬𝟮𝟰 𝘁𝗼 𝗨𝗦𝗗 𝟭𝟴.𝟯𝟬 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝘆 𝟮𝟬𝟯𝟮, exhibiting a 𝗖𝗔𝗚𝗥 𝗼𝗳 𝟲.𝟱% during the forecast period.

Contact lenses are placed on the surface of the eye to help people correct their vision with cases of refractive disorders. The increasing need for improved quality eye care due to the rise in the ageing population globally drives the market growth.

𝗗𝗶𝘀𝗰𝗼𝘃𝗲𝗿 𝗪𝗵𝗮𝘁 𝗬𝗼𝘂'𝗿𝗲 𝗠𝗶𝘀𝘀𝗶𝗻𝗴: 𝗚𝗲𝘁 𝗮 𝗙𝗿𝗲𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 (𝗣𝗗𝗙) 𝗦𝗮𝗺𝗽𝗹𝗲: https://www.fortunebusinessinsights.com/enquiry/sample/contact-lenses-market-101775

𝗞𝗲𝘆 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁:

𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟬𝟮𝟯 -Menicon Co. Ltd.'s Chinese subsidiary Menicon Group, initiated the manufacturing of orthokeratology lenses. The new production facility aims to decrease delivery time and enhance production capabilities.

𝗧𝗼𝗽 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗜𝗻 𝗧𝗵𝗲 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗟𝗲𝗻𝘀𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁:

• Johnson & Johnson Vision Care, Inc. (U.S.)
• Alcon (Switzerland)
• The Cooper Companies Inc. (S.)
• Menicon Co., Ltd. (Japan)
• HOYA Corporation (Japan)
• EssilorLuxottica (France)
• Carl Zeiss Meditec AG (Germany)

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗟𝗲𝗻𝘀𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝗿𝗶𝘃𝗲𝗿𝘀 & 𝗥𝗲𝘀𝘁𝗿𝗮𝗶𝗻𝘁𝘀:

𝗥𝗶𝘀𝗶𝗻𝗴 𝗜𝗻𝗶𝘁𝗶𝗮𝘁𝗶𝘃𝗲𝘀 𝗯𝘆 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗮𝗻𝗱 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗚𝗼𝘃𝗲𝗿𝗻𝗺𝗲𝗻𝘁𝘀 𝘁𝗼 𝗣𝗿𝗼𝗽𝗲𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻

Surging initiatives by prominent organizations and government agencies working on national and regional levels to increase awareness about the benefits of vision correction augmented the vision correction users globally. With the increasing number of lens wearers globally the contact lenses market growth is anticipated to be substantial.

However, the shifting preferences of people toward Lasik surgery to receive permanent relief from vision issues may impede market growth.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗟𝗲𝗻𝘀𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲:

𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀 𝗙𝗼𝗰𝘂𝘀 𝗼𝗻 𝗡𝗲𝘄 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝘁𝗼 𝗗𝗿𝗶𝘃𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻

In terms of the competitive landscape, the contact lenses market consists of key players, including Menicon Co., Ltd, EssilorLuxottica, and others. The surging focus of key players on new product launches to expand their product offerings globally drives market expansion.

𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲

The report offers:

• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• The latest industry developments include product launches, partnerships, mergers, and acquisitions.

𝗙𝗼𝗿 𝗙𝘂𝗹𝗹 𝗥𝗲𝗽𝗼𝗿𝘁 𝗖𝗼𝘃𝗲𝗿𝗮𝗴𝗲 𝗩𝗶𝘀𝗶𝘁: https://www.fortunebusinessinsights.com/industry-reports/contact-lenses-market-101775

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗟𝗲𝗻𝘀𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀:

𝗥𝗶𝘀𝗶𝗻𝗴 𝗡𝘂𝗺𝗯𝗲𝗿 𝗼𝗳 𝗥𝗲𝗳𝗿𝗮𝗰𝘁𝗶𝘃𝗲 𝗘𝗿𝗿𝗼𝗿𝘀 𝗣𝗮𝘁𝗶𝗲𝗻𝘁𝘀 𝘁𝗼 𝗣𝗿𝗼𝗽𝗲𝗹 𝗥𝗲𝘂𝘀𝗮𝗯𝗹𝗲 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗚𝗿𝗼𝘄𝘁𝗵

Based on modality, the market is classified into reusable and disposable. In 2023, the reusable segment dominated the market with the rising number of refractive error patients and a surge in lens users.

𝗘𝗮𝘀𝘆 𝗦𝘂𝗿𝗳𝗮𝗰𝗲 𝗗𝗲𝘀𝗶𝗴𝗻 𝗼𝗳 𝗦𝗽𝗵𝗲𝗿𝗶𝗰𝗮𝗹 𝗟𝗲𝗻𝘀𝗲𝘀 𝘁𝗼 𝗗𝗿𝗶𝘃𝗲 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗘𝘅𝗽𝗮𝗻𝘀𝗶𝗼𝗻

By design, the market is trifurcated into toric, multifocal, and spherical. The spherical segment dominated the market in 2023 owing to spherical lenses' precise fitting, easy surface design, and multi-faceted usages for myopia and hyperopia.

𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗔𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀 𝗥𝗲𝗴𝗮𝗿𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗼𝗳 𝗦𝗼𝗳𝘁 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹 𝗟𝗲𝗻𝘀𝗲𝘀 𝗗𝗿𝗶𝘃𝗲 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗚𝗿𝗼𝘄𝘁𝗵

The market is divided into soft, gas-permeable, and others based on material. The soft segment led the market in 2023 with the increasing awareness related to the benefits of soft material, such as better vision over eyeglasses.

𝗦𝘂𝗿𝗴𝗶𝗻𝗴 𝗣𝗿𝗲𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗧𝗼𝘄𝗮𝗿𝗱 𝗦𝘁𝗼𝗿𝗲𝘀 𝘁𝗼 𝗗𝗿𝗶𝘃𝗲 𝗥𝗲𝘁𝗮𝗶𝗹 𝗦𝘁𝗼𝗿𝗲𝘀 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗚𝗿𝗼𝘄𝘁𝗵

The market is segmented by distribution channel into ophthalmologists, retail stores, and online stores. The retail store's segment held the dominant market share in 2023 as retail stores offer hands-on experience to customers seeking to purchase the right item from several varieties.

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

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗟𝗲𝗻𝘀𝗲𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗴𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀:

𝗦𝘂𝗿𝗴𝗶𝗻𝗴 𝗖𝗮𝘀𝗲𝘀 𝗼𝗳 𝗥𝗲𝗳𝗿𝗮𝗰𝘁𝗶𝘃𝗲 𝗘𝗿𝗿𝗼𝗿𝘀 𝘁𝗼 𝗣𝗿𝗼𝗽𝗲𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝗚𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮

North America held the dominant contact lenses market share, valued at USD 3.60 billion in 2023. The growth is attributed to the surging incidences of refractive errors, propelling the demand for advanced lenses in Canada and the U.S.

Asia Pacific is anticipated to grow at the fastest CAGR during the projected period with the increasing number of new technologies launched by manufacturing companies to develop contact lenses.

𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗔𝗰𝗰𝗼𝗿𝗱𝗶𝗻𝗴 𝗧𝗼 𝗬𝗼𝘂𝗿 𝗖𝗼𝗻𝘃𝗲𝗻𝗶𝗲𝗻𝗰𝗲: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/contact-lenses-market-101775

𝗥𝗲𝗹𝗲𝗮𝘁𝗲𝗱 𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀
•̶ U.S. Contact Lenses Market - https://www.fortunebusinessinsights.com/u-s-contact-lenses-market-107851
•̶ Disposable Contact Lenses Market - https://www.fortunebusinessinsights.com/industry-reports/disposable-contact-lenses-market-100366

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