Contact Lenses Market Analysis

Usage Segment Analysis

Corrective contact lenses lead the segment and are poised to hold the share value of 72.6% by 2035. The segment is driven by the need for non-surgical and cost-effective methods in both developing and developed markets. Moreover, campaigns by public health organizations are supporting early eye screening, which is one of the reasons for boosting adoption. As per the WHO report published in August 2023, nearly 2.2 billion people have near and distant vision impairment, and nearly 1 billion people have been addressed in various ways, such as using contact lenses.

End user Segment Analysis

Adults aged between 18 and 60 lead the end user segment and is anticipated to hold the share value of 65.2% by 2035. The segment is driven by the digital eye strain, vision correction needs and rising fashion consciousness. This age group people have high rate of adoption due to willingness to invest in the premium lenses and lifestyle compatibility. Some latest innovations in the lenses are silicon hydrogel and daily disposables making the people to get attracted with the innovations and dominate the market. The growing preference for aesthetic and convenience-based solutions, along with increased awareness through online platforms and optometrist recommendations.

Type Segment Analysis

Soft contact lenses lead the type segment and is poised to hold the share value of 68% by 2035. As per the CooperVision company’s data published in May 2023, the sales of soft contact lenses have raised to 76%. Soft contact lenses are the most common used on daily routine. They are made up of a flexible polymer material which is used to provide a clear and comfortable vision. These lenses are available in various colors and mainly used to correct presbyopia. Further, the segment is benefitted from the innovations such as oxygen permeable designs and UV blocking.

Our in-depth analysis of the global contact lenses market includes the following segments: