Soft Contact Lenses Market Synopsis:
Soft Contact Lenses Market Size Was Valued at USD 18.7 Billion in 2023, and is Projected to Reach USD 37.69 Billion by 2032, Growing at a CAGR of 8.10 % From 2024-2032.
Soft Contact Lenses Market define the purchase, distribution, and usage of hydrogel or silicone hydrogel soft lenses for the correction of refractory errors or improving the look of the eyes and treating other complications. Fogging is a soft, bioinert contact lenses that is different from the rigid gas permeable lenses, which are acceptable to wear cosmetically, easier to use, and biocompatible. This has been made possible by a better type of coatings and lenses, high rate of myopes and hyperopes, and convenience and comfort.
Soft contact lenses are being bought by people all over the world due to the rising cases of myopia, hyperopia, astigmatism, and presbyopia in varied age ranges in the last few years. Some factors known as; spending many hours glued on screens, reduced physical activities, and disclosures on eye care continue to support the growth in soft contact lenses markets. Such factors as silicone hydrogel class of materials and daily disposable lens types are other factors that have enhanced lens oxygen and lens comfort and grown the market.
The market has also shifted towards usage of specific lenses depending on problems with vision and eyesight issues; so it is not very hard for people to get them. Companies are therefore seeking funds to be directed to R&D activities that enable new ideas like blue blocking lenses and UV protection. Nevertheless, the main factors that can became challengers for the market are the high costs involved, the risks of eye infection and low awareness especially in developing countries. However, taken overall, the market of so-called ‘soft’ contact lenses on global basis is assumed to continue experiencing appreciable growth, driven by consumer enthusiasm and producer new product development initiatives.
Soft Contact Lenses Market Trend Analysis:
Growing Demand for Daily Disposable Contact Lenses
- Cosmetic soft contact lenses that can be used daily are now a fashion item because they are comfortable and require cleaning. These are disposable lenses for eliminating cleaning possibilities, and decreasing the threat of eye infection. These are loved by the consumers who are active, those who need the lenses occasionally and those with sensitive eyes or an allergy.The intensity of relevant activities of manufacturers has moved up toward the establishment of daily disposable items that have enhanced achieves properties as moisture holding capacity or higher re transmittance of oxygen, or Smart pattern distribution of digital force.
Expanding Penetration in Emerging Markets
- The soft contact lenses segment that opens great potential for extension in young markets where people’s average income gradually increases and when demand for eye care grows. The government and the non-governmental institutions have been trying to popularize vision care and, meanwhile, the companies that distribute these products are getting more active to claim other emerging markets. However, the strength has been noticed by online retail segments in the connectivity of products and making it easier for the larger population including consumers in the rural and semi urban areas. It is clear that manufacturers are fully capable of catching up to the emerging demand as well as facilitating constant market development through the use of e-commerce platforms and more effectively selling products at cheaper prices compared to the already established distributors in such regions.
Soft Contact Lenses Market Segment Analysis:
Soft Contact Lenses Market is Segmented on the basis of material, application, distribution channel, and region.
By Material, Silicone hydrogel segment is expected to dominate the market during the forecast period
- These lenses offer enhanced levels of oxygen permeability to the cornea during use creating lasting comfort without hypoxia associated adverse outcomes. The improvements in silicone hydrogel materiality identified thinner and more flexible lenses for long and daily-wear forms. The usage of these lenses in repeated consumer care technicians and user which is fortified by safety and performance features add to the consolidation of the market. As there is a progress in manufacturing technology, this segment especially the silicone hydrogel has a high probability of consistently contributing to the industry growth.
By Application, Corrective lens segment expected to held the largest share
- Corrective lens segment will be considered to be the largest segment in the overall soft contact lenses market because the prevalence of refractive errors is slowly rising worldwide. Bifocals and trifocals alter myopia hyperopia astigmatism and presbyopia and thus are fashionable and comfortable in comparison with ordinary glasses. Corrective contact lenses are used in instances where consumers want to wear them discreetly where the multifocal and toric lenses have also grown popular with the market. However, present day advancements of lens designs and materials often enhance their comfort and effectiveness making them the best for millions of users globally.
Soft Contact Lenses Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- Large producers are always looking to launch products and incorporate new technologies of how they can reach consumers in the United States. The increase in expansion in e-commerce and lens subscription companies that provide lenses directly to the consumer’s door also contributed to the market. In addition, there is the movement of policy as well as public awareness regarding the effectiveness of regular eye check-ups and vision care in the creation of the market
- Canada is also one of the countries of the North American market where the demand for contact lenses is increasing and quality services and products services for professionals. Thus, the consumers’ preferences changing and the technology improving North America is expected to maintain its leadership in the global soft contact lenses market.
Active Key Players in the Soft Contact Lenses Market:
- Alcon (USA)
- Bausch + Lomb (USA)
- Carl Zeiss AG (Germany)
- Contamac (UK)
- CooperVision (USA)
- EssilorLuxottica (France)
- Hoya Corporation (Japan)
- Johnson & Johnson Vision Care, Inc. (USA)
- Menicon Co., Ltd. (Japan)
- Novartis AG (Switzerland)
- Safilens Srl (Italy)
- SEED Co., Ltd. (Japan)
- Shanghai Hydron Contact Lens Optical Co., Ltd. (China)
- STAAR Surgical Company (USA)
- UltraVision CLPL (UK)
- Other Active Players
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Soft Contact Lenses Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 18.7 Billion |
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Forecast Period 2024-32 CAGR: |
8.10 % |
Market Size in 2032: |
USD 37.69 Billion |
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Segments Covered: |
By Material |
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By Application |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Soft Contact Lenses Market by By Material (2018-2032)
4.1 Soft Contact Lenses Market Snapshot and Growth Engine
4.2 Market Overview
4.3 Gas Permeable
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
4.3.3 Key Market Trends, Growth Factors, and Opportunities
4.3.4 Geographic Segmentation Analysis
4.4 Silicone Hydrogel
4.5 Hybrid Lens
Chapter 5: Soft Contact Lenses Market by By Application (2018-2032)
5.1 Soft Contact Lenses Market Snapshot and Growth Engine
5.2 Market Overview
5.3 Corrective
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
5.3.3 Key Market Trends, Growth Factors, and Opportunities
5.3.4 Geographic Segmentation Analysis
5.4 Therapeutic
5.5 Cosmetic
5.6 Prosthetic
5.7 Lifestyle-oriented
Chapter 6: Soft Contact Lenses Market by By Distribution Channel (2018-2032)
6.1 Soft Contact Lenses Market Snapshot and Growth Engine
6.2 Market Overview
6.3 E-commerce
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units
6.3.3 Key Market Trends, Growth Factors, and Opportunities
6.3.4 Geographic Segmentation Analysis
6.4 Eye Care Professionals
6.5 Retail
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Soft Contact Lenses Market Share by Manufacturer (2024)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 BAMBINO MIO (UK)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 CHIAUS (CHINA)
7.4 DADDYBABY (CHINA)
7.5 ESSITY AB (SWEDEN)
7.6 FIRST QUALITY ENTERPRISES (USA)
7.7 HENGAN INTERNATIONAL GROUP (CHINA)
7.8 KIMBERLY-CLARK CORPORATION (USA)
7.9 KAO CORPORATION (JAPAN)
7.10 MAMYPOKO (JAPAN)
7.11 MEIJI HOLDINGS (JAPAN)
7.12 NESTLÉ (SWITZERLAND)
7.13 PIGEON CORPORATION (JAPAN)
7.14 PROCTER & GAMBLE CO. (USA)
7.15 THE HONEST COMPANY (USA)
7.16 UNICHARM CORPORATION (JAPAN)
Chapter 8: Global Soft Contact Lenses Market By Region
8.1 Overview
8.2. North America Soft Contact Lenses Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By By Material
8.2.4.1 Gas Permeable
8.2.4.2 Silicone Hydrogel
8.2.4.3 Hybrid Lens
8.2.5 Historic and Forecasted Market Size By By Application
8.2.5.1 Corrective
8.2.5.2 Therapeutic
8.2.5.3 Cosmetic
8.2.5.4 Prosthetic
8.2.5.5 Lifestyle-oriented
8.2.6 Historic and Forecasted Market Size By By Distribution Channel
8.2.6.1 E-commerce
8.2.6.2 Eye Care Professionals
8.2.6.3 Retail
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Soft Contact Lenses Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By By Material
8.3.4.1 Gas Permeable
8.3.4.2 Silicone Hydrogel
8.3.4.3 Hybrid Lens
8.3.5 Historic and Forecasted Market Size By By Application
8.3.5.1 Corrective
8.3.5.2 Therapeutic
8.3.5.3 Cosmetic
8.3.5.4 Prosthetic
8.3.5.5 Lifestyle-oriented
8.3.6 Historic and Forecasted Market Size By By Distribution Channel
8.3.6.1 E-commerce
8.3.6.2 Eye Care Professionals
8.3.6.3 Retail
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Soft Contact Lenses Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By By Material
8.4.4.1 Gas Permeable
8.4.4.2 Silicone Hydrogel
8.4.4.3 Hybrid Lens
8.4.5 Historic and Forecasted Market Size By By Application
8.4.5.1 Corrective
8.4.5.2 Therapeutic
8.4.5.3 Cosmetic
8.4.5.4 Prosthetic
8.4.5.5 Lifestyle-oriented
8.4.6 Historic and Forecasted Market Size By By Distribution Channel
8.4.6.1 E-commerce
8.4.6.2 Eye Care Professionals
8.4.6.3 Retail
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Soft Contact Lenses Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By By Material
8.5.4.1 Gas Permeable
8.5.4.2 Silicone Hydrogel
8.5.4.3 Hybrid Lens
8.5.5 Historic and Forecasted Market Size By By Application
8.5.5.1 Corrective
8.5.5.2 Therapeutic
8.5.5.3 Cosmetic
8.5.5.4 Prosthetic
8.5.5.5 Lifestyle-oriented
8.5.6 Historic and Forecasted Market Size By By Distribution Channel
8.5.6.1 E-commerce
8.5.6.2 Eye Care Professionals
8.5.6.3 Retail
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Soft Contact Lenses Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By By Material
8.6.4.1 Gas Permeable
8.6.4.2 Silicone Hydrogel
8.6.4.3 Hybrid Lens
8.6.5 Historic and Forecasted Market Size By By Application
8.6.5.1 Corrective
8.6.5.2 Therapeutic
8.6.5.3 Cosmetic
8.6.5.4 Prosthetic
8.6.5.5 Lifestyle-oriented
8.6.6 Historic and Forecasted Market Size By By Distribution Channel
8.6.6.1 E-commerce
8.6.6.2 Eye Care Professionals
8.6.6.3 Retail
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Soft Contact Lenses Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By By Material
8.7.4.1 Gas Permeable
8.7.4.2 Silicone Hydrogel
8.7.4.3 Hybrid Lens
8.7.5 Historic and Forecasted Market Size By By Application
8.7.5.1 Corrective
8.7.5.2 Therapeutic
8.7.5.3 Cosmetic
8.7.5.4 Prosthetic
8.7.5.5 Lifestyle-oriented
8.7.6 Historic and Forecasted Market Size By By Distribution Channel
8.7.6.1 E-commerce
8.7.6.2 Eye Care Professionals
8.7.6.3 Retail
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
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Soft Contact Lenses Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 18.7 Billion |
|
Forecast Period 2024-32 CAGR: |
8.10 % |
Market Size in 2032: |
USD 37.69 Billion |
|
Segments Covered: |
By Material |
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By Application |
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By Distribution Channel |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Soft Contact Lenses Market research report is 2024-2032.
Alcon (USA), Bausch + Lomb (USA), Carl Zeiss AG (Germany), Contamac (UK), CooperVision (USA), EssilorLuxottica (France), Hoya Corporation (Japan), Johnson & Johnson Vision Care, Inc. (USA), Menicon Co., Ltd. (Japan), Novartis AG (Switzerland), Safilens Srl (Italy), SEED Co., Ltd. (Japan), Shanghai Hydron Contact Lens Optical Co., Ltd. (China), STAAR Surgical Company (USA), UltraVision CLPL (UK), and other active players.
The Soft Contact Lenses Market is segmented into Material, Application, Distribution Channel and region. By Material, the market is categorized into Gas Permeable Silicone Hydrogel Hybrid Lens. By Application, the market is categorized into Corrective Therapeutic Cosmetic Prosthetic Lifestyle-oriented. By Distribution Channel, the market is categorized into E-commerce Eye Care Professionals Retail. By region, it is analyzed across North America (U.S., Canada, Mexico), Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC), Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
Soft Contact Lenses Market define the purchase, distribution, and usage of hydrogel or silicone hydrogel soft lenses for the correction of refractory errors or improving the look of the eyes and treating other complications. Fogging is a soft, bioinert contact lenses that is different from the rigid gas permeable lenses, which are acceptable to wear cosmetically, easier to use, and biocompatible. This has been made possible by a better type of coatings and lenses, high rate of myopes and hyperopes, and convenience and comfort.
Soft Contact Lenses Market Size Was Valued at USD 18.7 Billion in 2023, and is Projected to Reach USD 37.69 Billion by 2032, Growing at a CAGR of 8.10 % From 2024-2032.
