Contact Lenses Market Size, Share & Trends Analysis, By Usage (Daily Wear, Extended Wear), By Material (Silicon Hydrogel, Hybrid), By Application (Corrective, Prosthetic) By Region and Forecast Period 2022 – 2030. (Updated Version Available)

Report ID - MRC_1205 | Pages - 274 | Category - Specialty Polymers

Contact Lenses Market Overview:

Contact Lenses Market size was worth USD 14.58 Billion in 2021, accounting for a CAGR of 4.23% during the forecast period (2022-2030), and the market is projected to be worth USD 20.31 Billion by 2030.

A contact lens is a thin, curved medical device worn directly on the surface of the eye. Contact lens aid to correct refractive errors by subtracting and adding to the focusing power of the lens and the eye’s cornea. These are worn for vision correction. Moreover, these are majorly used for novelty and cosmetic purposes. Soft contact lenses, rigid gas permeable contact lenses, disposable contact lenses, and extended-wear contact lenses. Owing to the growth in the number of errors and disorders related to eyes the market for contact lenses is projected to grow relatively in the forecast period. Furthermore, increasing awareness towards the accessibility of contact lenses that are easy to use and are exceptionally helpful in adjusting vision will drive the growth of the market in the forecast period.

North America is estimated to draw out the largest share of the contact lenses market globally in the forecast period. Furthermore, the market in Asia Pacific is supposed to expand at the highest rate in the forecast period, due to the increasing number of eye disorders amongst all age groups in nations such as Japan, India, and China.

Market Dynamics


  • An increase in cases of visual defects such as myopia and hypermetropia in the population (including all age groups) is one of the major factors promoting the market growth of contact lenses.
  • The increasing consumer preference to enhance their appearance by avoiding spectacles is one of the key factors for the growth of the market.
  • Contact lenses offer a natural view without any vision blocking. They do not get splattered by objects or fog up as glasses do.


  • The market faces hindrances owing to the increasing adaptability of other corrective methods such as LASIK surgery (laser treatments) and photorefractive keratectomy.
  • Side effects such as corneal ulcers and eye infections caused due to putting the lens on the surface of the eye are barriers to the contact lenses market growth.
  • Intensified pricing of contact lenses due to expensive raw materials is one of the significant factors hampering the growth of the market in the forecast period.

COVID-19 Impact

The outbreak of COVID-19 hindered the market demand for contact lenses globally. Leading players operating in the market recorded a decline in their revenues from the sales of the lens because of the pandemic. The decline in revenues was accounted to the leaning of the population from contact lenses to eyeglasses in the lockdown period as it can spread infection while touching the face and removing the lens. However, during the post-pandemic, the market has seen positive growth due to the demand for lenses subsequently increasing.

Contact Lenses Report Coverage:

Report Attributes Report Details
Study Timeline 2016-2030
Market Size in 2030 (USD Billion) 20.31 Billion
CAGR (2022-2030) 4.23%
By Usage Daily Wear and Extended Wear
By Design Spherical, Multifocal, Toric, and Monovision
By Material Silicon Hydrogel, Hybrid, and PMM
By Distribution channel Retail Stores, Clinics & Hospitals, and E-commerce.
By Application Corrective, Prosthetic, Cosmetic, and Therapeutic
By Region North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa
Key Players Alcon Vision LLC, Hoya Corporation, Johnson & Johnson Vision Care, Inc., CooperVision, Inc., Essilor International S.A., Abbott Medical Optics, Inc., SynergEyes, Inc., X-Cel Specialty Contacts, Johnson & Johnson Vision Care, Inc.

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Market Segmentation:

By Usage

In terms of usage, the contact lenses market is bifurcated into daily wear and extended wear. The daily wear contact lenses have the largest market revenue in terms of revenue in the year 2021. The largest share of the daily wear segment can be credited to its beneficial features such as no requirement of cleaning in the case of disposable lenses and easy wearability. Furthermore, these kinds of lenses do not require extra costs for cleaning solutions, and they are hassle-free. Moreover, this segment is anticipated to grow at a rate of 5% annually. Also generates revenue of more than 35% of the global market.

By Design

Based on design the market is segmented into spherical, multifocal, toric, and monovision. The spherical segment holds the largest share of the market in the year 2021 with a revenue share of more than 60% of the total market. The revenue from spherical segment lenses is more compared to other segments. To replicate the spherical surface of the eye these kinds of lenses are the safest ones. It has the same lens power throughout the lens. These characteristics enable the consumer to adopt these lenses. However, the demand for multifocal lenses is expected to record steady growth in the forecast period. these lenses are utilized by the elderly population for treating eye disorders.

By Material

Based on the material segment the market is segmented into silicon hydrogel, hybrid, and PMM. The contact lens market is dominated by the silicone hydrogel lens segment. This holds the largest revenue share in the market more than 85% in the year 2021. Silicone hydrogel lenses provide an extensive range of advantages, including flexibility and greater comfort compared to other segments. Thus, it is preferable for consumers. A combination of gas-permeable and silicone hydrogel material is known as hybrid material lenses. However, the hybrid segment is estimated to observe considerable growth during the forecast period.

By Distribution channel

Based on the distribution channel segment the market is divided into retail stores, clinics & hospitals, and e-commerce. The retail segment in the distribution channel holds the largest share of the market in terms of revenue with a share of 62%. The contact lenses provided by retail stores are more affordable with a wide range of varieties. Also, they are offered at discounted prices. Additionally, the intense expansion of retail pharmacies in developed nations enhances the progress of this segment. However, the e-commerce segment is propelling in the coming years due to the increase in online purchases by consumers.

By Application

The application segment is segmented into corrective, prosthetic, cosmetic, and therapeutic. The corrective lens segment holds the largest market share in terms of revenue. The revenue generated from this segment is more than 45% and is anticipated to continue to increase in the forecast period. The bifocal, multifocal, spherical, and toric lenses are recognized as a corrective lenses. These are employed for the improvement of daily vision of the eye. Therapeutic contact lenses are followed by the corrective lens in terms of revenue. They are used for therapeutic goal and helps in corneal healing, ocular pain relief, and others. Furthermore, the therapeutic application segment is projected for a considerable portion of the contact lenses market share in the year 2021. Also, the cosmetic lens industry is estimated to observe massive growth prospects owing to the increasing demand for an aesthetic appeal of eyes.

By Region

The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. The market is dominated by the North American region with a revenue share of more than 40% in the year 2021. Owing to the increasing population suffering from refractive errors and the awareness among consumers about vision correction treatment are key factors for the market growth in this region. Moreover, according to the U.S Environmental Protection Agency report in the year 2021, 31 million people were utilizing contact lenses in the U.S. The European region is holding the second-largest share globally. However, Asia Pacific is projected to witness the highest growth rate in the forecast period. This is attributed to the increased number of patients with eye sightedness.

Contact Lenses Market Competitive Landscape:

The competitive landscape of the market has been evaluated in the report, with comprehensive profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the Sample Preparation market. Key players in the market include-

Recent developments

  • In 2021, Johnson and Johnson’s vision care Inc. collaborated with Menicon for supplying innovative lenses that incorporate therapeutic features, as the company aims at inhibiting the increase or the development of eye condition myopia in kids.
  • In 2022, Alcon company has launched its first water gradient lenses to deliver a comfortable fitting for patients suffering from astigmatism.

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Contact Lenses Market Size, Share & Trends Analysis, By Usage (Daily Wear, Extended Wear), By Material (Silicon Hydrogel, Hybrid), By Application (Corrective, Prosthetic) By Region and Forecast Period 2022 – 2030. (Updated Version Available)
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