GVR Report cover Contact Lenses Market Size, Share & Trends Report

Contact Lenses Market Size, Share & Trends Analysis Report By Material (Hybrid Lens, Silicone Hydrogel), By Design (Spherical Lens, Toric Lens), By Application, By Distribution Channel, By Usage, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-094-1
  • Number of Report Pages: 170
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Technology

Report Overview

The global contact lenses market size was estimated at USD 17.14 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030. The increasing cases of refractive errors, such as myopia, hyperopia, presbyopia, and astigmatism, are the major factors driving the demand for contact lenses globally. The growing aging population, which is prone to eye disease has created the demand for contact lenses. In May 2023, during Vision Health Month, the Canadian Ophthalmological Society (COS) emphasized the significance of vision health care, especially among the senior citizens of the country.

U.S. Contact Lenses market size and growth rate, 2023 - 2030

According to a survey conducted by the COS in 2022, 41% of the citizens have been diagnosed or have experienced at least one change in eye health during the last two years. A considerable number of research and development activities have been used in optics and optometry to advance technology. Advances, such as the launch of dynamic soft contact lenses integrated with advanced technology, have propelled the growth of the market. For instance, in July 2022, Mojo Vision announced that the company has conducted one-eye testing on its latest Mojo Lens prototype. It is an augmented reality (AR) contact lens, featuring medical-grade micro-batteries, micro-LED display, new hardware, and technologies, such as communications, eye tracking, and software.

Testing has been conducted for one lens in one eye. However, the company aims for two lenses operating as a pair, allowing the user to obtain a 3D view, similar to AR and virtual reality (VR). The growing awareness among people regarding eye health coupled with supportive government initiatives is expected to create ample growth opportunities for the market in the near future. In December 2022, the U.S. government announced that USD 6.5 million will be allocated for vision and eye health programs conducted by the Centers for Disease Control and Prevention (CDC). The fund comes as a part of the government’s initiative toward the prevalence of vision impairment and eye disease across the country.

The growth of the market is being further driven by the increasing popularity of cosmetic and colored lenses for aesthetic reasons. Moreover, contact lenses are being increasingly adopted by users with active lifestyles, athletes, and those involved in physical activities, for greater convenience and comfort. Furthermore, the market's leading players engage in launching innovative products, which are expected to drive product demand. In January 2021, Alcon Vision LLC, an eye care product manufacturer, launched PRECISION1 in the U.S., a daily disposable silicone hydrogel (SiHy) lens developed for astigmatic patients.

Material Insights

The silicone hydrogel lens segment accounted for the largest revenue share of more than 88.0% in 2022 owing to increasing user preference as they offer a wide range of benefits, including greater comfort and flexibility than other lenses. They provide greater comfort and an optimum level of oxygen, ensuring that the lenses remain breathable throughout their wearing cycle. Silicone hydrogel lenses can be worn for longer periods with high comfort, which is beneficial for users who spend long hours of the day looking at a screen, are easily susceptible to dry eyes, and have active lifestyles.

The hybrid lenses segment is estimated to register a growth rate of over 12.0% from 2023 to 2030 due to the increasing demand among patients with astigmatism and keratoconus. A hybrid lens is a combination of gas-permeable and silicone hydrogel. It comprises an RGP central zone with a soft peripheral of soft or silicone hydrogel material. Moreover, they retain their shape better than soft contact lenses, providing sharp and consistent vision. Hybrid contact lenses also disinfect easily, are easier to manage, less prone to dehydration, and last longer than soft lenses.

Design Insights

The spherical lens segment captured the largest revenue share of over 61.0% in 2022. Spherical contact lenses are most commonly used for treating hyperopia (farsightedness), myopia (nearsightedness), and presbyopia (age-related farsightedness). They are widely available and come in a variety of prescriptions. Moreover, they are comfortable to wear as they can easily settle into the correct position on the eye. Unlike their counterparts, spherical lenses have the same optical power throughout each lens, which instigates their demand among the users.

The toric lenses segment is estimated to observe a CAGR of over 11.0% over the forecast period. These lenses are used to correct astigmatism problems that arise from a variation in the cornea's curvature. Moreover, toric lenses provide protection from blue light, especially coming from digital devices, which progressively damages the eyes. They also protect eyes from the light that comes from fluorescent light bulbs and ultraviolet sun rays and hence aid in avoiding other degenerative eye diseases.

Application Insights

The corrective lens segment accounted for the largest revenue share of more than 45.0% in 2022 and is anticipated to record substantial growth over the forecast period. These lenses offer several advantages over conventional eyeglasses. As they fix directly on the eye surface, they offer a natural field of view without obstructions. They are effective in correcting vision for patients with nearsightedness, farsightedness, presbyopia, and astigmatism. Some of the recognized corrective lenses are multifocal, bifocal, toric, and spherical.

The cosmetic segment is estimated to record a CAGR of over 9.0% from 2023 to 2030 due to the increasing popularity of these lenses, especially among the young population. They are available in a variety of unique designs and colors providing users with several options as per their outfits, accessories, and a particular event. Some cosmetic lenses are available in natural colors for a subtle look, while others come in dramatic and fantasy-based designs. In April 2022, Johnson & Johnson Vision launched its latest range of colored contact lenses BUBBLE POP designed to meet the growing trend of makeovers among the youth population in India.

Distribution Channel Insights

The retail segment accounted for the largest revenue share of more than 60.0% in 2022. Several customers prefer buying from retail stores as they offer immediate access and quicken the purchase decision. The eye-care professionals at these stores offer personalized prescription services according to the customers' vision needs. The segmental growth can be credited to the ongoing initiatives by the manufacturers to produce advanced products at very affordable prices at retail stores, which are again combined with extra discounts offered by retail sellers.

Moreover, the rapid growth of retail pharmacies in developed countries is contributing to the market growth. The e-commerce segment is expected to record a CAGR of over 10.0% from 2023 to 2030 with increasing consumer preference for online purchases. E-commerce portals help consumers view and compare a wide range of brands and buy products at competitive prices. Moreover, these platforms provide attractive discounts and offers that attract customers to this distribution channel. In addition, they offer faster delivery which, in turn, is driving the segmental growth.

Usage Insights

The daily disposable lens segment held the largest revenue share of more than 33.0% in 2022. This can be credited to the increased consumer preference for daily disposable lenses as they provide greater comfort to the user. Moreover, these lenses are considered healthiest by most users and are being increasingly prescribed by eye care professionals as they avoid problems associated with longer lens replacements. Hence, many players have initiated the development of daily disposable lenses.

Global Contact Lenses market share and size, 2022

Daily disposable lens is a soft and flexible plastic material widely used by individuals involved in sports activities or leading an active lifestyle. They also offer various health benefits as a fresh pair of contact lenses is used every day, which makes them less likely to cause irritation, infections, itchiness, etc. by preventing the accumulation of proteins, lipids, or bacteria.

Regional Insights

North America accounted for the largest share of over 38.0% in 2022 and is expected to grow significantly over the coming years. The higher penetration of contact lenses in the region is urging researchers and companies to explore the diverse application of contact lenses through continuous innovation in products. For instance, in March 2023, CooperVision launched CooperVision MyDay Energys one-day lenses in the U.S. It combines DigitalBoost and Aquaform technologies to deliver greater comfort to patients with pervasive digital eye strain.

Contact Lenses Market Trends, by Region, 2023 - 2030

Asia Pacific is estimated to record a CAGR of 12.0% from 2023 to 2030 with increasing product adoption in countries, such as China, India, and Japan. This can be credited to the growing awareness among consumers about health, rising disposable incomes, and the availability of innovative products from brands across the globe. Moreover, favorable government initiatives are also driving the product demand in the region. In 2021, the Japanese Ministry of Health, Labour and Welfare announced its approval for the combination contact lens that facilitates vision correction and the antihistamine drug ACUVUE Theravision with Ketotifen to address itchy allergy eyes.

Key Companies & Market Share Insights

Companies operating in the market are focusing on mergers, collaborations, acquisitions, as well as new product launches to strengthen their foothold in the industry. For instance, in June 2023, Bausch + Lomb Corp. unveiled INFUSE Multifocal silicone hydrogel contact lenses under the daily disposable category. This new product features the latest material based on ProBalance Technology and 3-Zone Progressive design, providing sharp vision with seamless transitions across near, distance, and intermediate vision for presbyopia patients. Some of the prominent players in the global contact lenses market are:

  • Abbott Medical Optics, Inc. (Johnson & Johnson)

  • Alcon Vision LLC

  • Bausch & Lomb, Incorporated (Valeant International, Inc.)

  • ZEISS International (Stiftung)

  • Contamac

  • CooperVision, Inc. (Cooper Companies, Inc.)

  • Essilor International S.A.

  • Hoya Corporation

  • Johnson & Johnson Vision Care, Inc. (Johnson & Johnson)

  • Medennium

  • Seed Co., Ltd.

  • STAAR Surgical Company

  • SynergEyes, Inc.

  • X-Cel Specialty Contacts (Walman Company)

Contact Lenses Market Report Scope

Report Attribute


Market size value in 2023

USD 18.60 billion

Revenue forecast in 2030

USD 33.80 billion

Growth rate

CAGR of 8.9% from 2023 to 2030

Base year for estimation


Historical data

2018 - 2021

Forecast period

2023 - 2030

Report updated

August 2023

Quantitative units

Revenue in USD million/billion and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Material, design, application, distribution channel, usage, region

Regional scope

North America; Europe; Asia Pacific; South America; MEA

Country scope

U.S.; Canada; Mexico; UK; Germany; France; Italy; Spain; China; India; Japan; Singapore; Australia; South Korea; Brazil; Argentina; UAE; Saudi Arabia

Key companies profiled

Alcon Vision LLC; Bausch & Lomb, Inc.; ZEISS International; Contamac; CooperVision, Inc.; Essilor International S.A.; Hoya Corp.; Johnson & Johnson Vision Care, Inc.; Medennium; Seed Co., Ltd.; STAAR Surgical Company; SynergEyes, Inc.; X-Cel Specialty Contacts

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Global Contact Lenses Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the contact lenses market report based on material, design, application, distribution channel, usage, and region:

  • Material Outlook (Revenue, USD Million, 2018 - 2030)

    • Gas Permeable

    • Silicone Hydrogel

    • Hybrid

  • Design Outlook (Revenue, USD Million, 2018 - 2030)

    • Spherical Lens

    • Toric Lens

    • Multifocal Lens

    • Others Lens

  • Application Outlook (Revenue, USD Million, 2018 - 2030)

    • Corrective

    • Therapeutic

    • Cosmetic

    • Prosthetic

    • Lifestyle-oriented

  • Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

    • E-commerce

    • Eye Care Professionals

    • Retail

  • Usage Outlook (Revenue, USD Million, 2018 - 2030)

    • Daily Disposable

    • Disposable

    • Frequently Disposable

    • Traditional (Reusable) Lenses

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • Japan

      • India

      • Singapore

      • Australia

      • South Korea

    • South America

      • Brazil

      • Argentina

    • Middle East & Africa (MEA)

      • UAE

      • Saudi Arabia

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