The disposable contact lens market will reach $ 11.46 million by 2027. Cosmetic contact lenses are gaining momentum

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The size of the disposable contact lens market was valued at $ 6.73 million in 2021 and will grow at a CAGR of 9.27% ​​to reach $ 11.46 million by 2027.

Chicago, April 13, 2022 (GLOBE NEWSWIRE) – Changing lifestyles in high-income countries and growing demand for new products are driving growth in the U.S. contact lens market, according to Arizton’s latest research report. and throws.

Cosmetic contact lenses are popular and affordable for correcting vision. Special or customized lenses are available, mainly used to correct blind or disfigured eyes, thus improving the appearance. Cosmetic disposable contact lenses are also used for travel and daily use. The increase in the product range in the cosmetic segment will have a huge positive impact on customers, which will help companies gain market share.

Disposable Contact Lenses Scope of the market relationship

ATTRIBUTES OF THE REPORT

DETAILS

MARKET SIZE (2027)

11.46 million

CAGR

9.27%

FASTEST GROWING REGION

APAC

REGION WITH THE LARGEST ALTITUDE

North America

MARKET SEGMENTS (USE)

Daily wear and frequent / scheduled / extended use

MARKET SEGMENTS (MATERIAL)

Silicone Hydrogel and Hydrogel

MARKET SEGMENTS (APPLICATION)

Corrective Lenses, Therapeutic Lenses and Cosmetic Lenses

MARKET SEGMENTS (DISTRIBUTION)

Retail optics shop, ophthalmology hospitals and clinics, and online shop

MARKET SEGMENTS (DESIGN)

Spherical, Toric and Multifocal

GEOGRAPHICAL ANALYSIS

North America, Europe, APAC, Latin America and the Middle East and Africa

COUNTRIES COVERED

United States, Canada, Japan, China, India, South Korea, Australia, Germany, France, United Kingdom, Spain, Italy, Brazil, Mexico, Argentina, Turkey, South Africa, Saudi Arabia and United Arab Emirates

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Premium contact lenses are designed for people who need a wider field of vision. They are more expensive than regular contact lenses. The growing preference for premium contact lenses for aesthetic purposes is an emerging trend in the market.

To meet the demand for new premium contact lenses, many suppliers are launching these contact lenses in developed countries. In 2022 Alcon launched DAILIES TOTAL 1 contact lenses. This product is focused on expanding its premium contact lens portfolio into the global market. Similarly, the Cooper Vision segment of Cooper Companies also launched the Myday Daily Disposable multifocal contact lenses in the United States, a new product in the premium contact lens segment.

Key offers

  • Market Size and Forecasts Based on Revenue | 2022-2027

  • Market dynamics: main trends, growth factors, restrictions and investment opportunities

  • Market segmentation: a detailed analysis of usage, material, application, distribution, design and geography

  • Competitive landscape: 4 key suppliers and another 19 leading suppliers

Market segmentation analysis

  • Spherical disposable contact lenses dominated the market; however, the multifocal contact lens market is expected to grow at a faster CAGR of 12.35%.

  • Retail optical stores accounted for most of the market share. However, the increase in cell phone usage and better discounts on online platforms have increased the purchase of disposable contact lenses through online platforms.

  • Corrective contact lenses hit the market in 2021. Corrective contact lenses are used to improve vision and eliminate eye problems. The four most important eye disorders such as nearsightedness, farsightedness, astigmatism and presbyopia require disposable contact lenses as corrective measures. The use of cosmetic contact lenses is growing at a faster rate of 10.64% CAGR in the market.

  • Silicone hydrogel material has dominated the market and is expected to grow at a faster rate. Due to its greater benefits for end users and the increased preference by ophthalmologists in the market.

Market Segmentation by use

Market Segmentation for Material

  • Silicone hydrogel

  • Hydrogel

Market Segmentation for Application

  • Corrective lenses

  • Therapeutic lenses

  • Cosmetic lenses

Market Segmentation for Distribution

Market Segmentation for Design

Disposable contact lenses for North Americais market is expected to reach $ 3.89 billion by 2027

The United States is a major market in North America, followed by Canada. The high acceptance of disposable contact lenses, the growing awareness of eye care, and the adoption of teleconsulting for eye care are some of the main factors driving the market. Numerous key suppliers are targeting the US market to launch advanced contact lenses, thus leading the disposable contact lens market in North America.

Market Segmentation by geography

  • North America

  • APAC

    • Japan

    • China

    • India

    • South Korea

    • Australia

  • Europe

    • Germany

    • France

    • United Kingdom

    • Spain

    • Italy

  • Latin America

  • Middle East and Africa

    • Turkey

    • South Africa

    • Saudi Arabia

    • United Arab Emirates

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Strategies adopted by players in the Disposable Contact Lens Market

The disposable contact lens market is highly established, with the top four suppliers representing the dominant stocks. Most of the top brands in the disposable contact lens market are expected to hold the same position in the near future as they continue to show steady revenue growth. The big players are reducing the possibility of new entries.
Established suppliers form strategic alliances and enter into co-marketing agreements to increase their competitiveness and market penetration. Suppliers are also studying strategies for establishing long-term partnerships with suppliers and distributors to increase sales volume and geographic reach.

Key suppliers

  • Johnson & Johnson

  • Bausch + Lomb

  • Alcon

  • Cooperative Societies

Other prominent suppliers

Explore our health life sciences profile to learn more about the industry.

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