What is the size of the contact lenses industry?

The contact lenses market was valued at USD 19.5 million in 2023 and is anticipated to register over 6.5% CAGR between 2024 and 2032 due to long screen time and less outdoor activity.

Why is the demand for hydrogel contact lenses growing?

The hydrogel segment in the market is anticipated to grow at 6.7% CAGR 2024-2032 due to their high water content, which makes them exceptionally soft and comfortable for wearers.

How big is the Asia-Pacific contact lenses industry?

Asia-Pacific contact lenses market generated USD 6.1 million in 2023 and is projected to reach USD 11.23 million by 2032 driven by the robust demand for vision correction products.

Mention the key players involve in contact lenses industry?

Alcon Inc., Bausch Health Companies Inc., Blanchard Contact Lenses, Inc., Carl Zeiss Beteiligungs-GmbH, Conforma Laboratories, Inc., Contamac Limited, Cooper Vision, Inc., and Essilor Luxottica S.A. among others.

Contact Lenses Market Share

Report ID: GMI11598

Published Date: September 2024

Report Format: PDF

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Contact Lenses Market Share

Contact Lenses Market Company Share Analysis (2023)

In 2023, dominant market players, including Alcon Inc, Bausch Health Companies Inc., Novartis AG, Hoya Corporation and Johnson & Johnson Vision Care, Inc. The top companies collectively hold a substantial 30-35% market share. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve Market and incorporate new technologies, allowing them to stay ahead of the competition.

Contact Lenses Market Companies

Major players operating in the market include:

Alcon Inc.
Bausch Health Companies Inc.
Blanchard Contact Lenses, Inc.
Carl Zeiss Beteiligungs-GmbH
Conforma Laboratories, Inc.
Contamac Limited
Cooper Vision, Inc.
Essilor Luxottica S.A.
Hoya Corporation
Johnson & Johnson Vision Care, Inc.
Menicon Co., Ltd.
Novartis AG
SynergEyes
SynergEyes, Inc.
Ultra Vision CLPL

Authors: Avinash Singh, Sunita Singh

Frequently Asked Question(FAQ) :

What is the size of the contact lenses industry?: The contact lenses market was valued at USD 19.5 million in 2023 and is anticipated to register over 6.5% CAGR between 2024 and 2032 due to long screen time and less outdoor activity.
Why is the demand for hydrogel contact lenses growing?: The hydrogel segment in the market is anticipated to grow at 6.7% CAGR 2024-2032 due to their high water content, which makes them exceptionally soft and comfortable for wearers.
How big is the Asia-Pacific contact lenses industry?: Asia-Pacific contact lenses market generated USD 6.1 million in 2023 and is projected to reach USD 11.23 million by 2032 driven by the robust demand for vision correction products.
Mention the key players involve in contact lenses industry?: Alcon Inc., Bausch Health Companies Inc., Blanchard Contact Lenses, Inc., Carl Zeiss Beteiligungs-GmbH, Conforma Laboratories, Inc., Contamac Limited, Cooper Vision, Inc., and Essilor Luxottica S.A. among others.

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Authors: Avinash Singh, Sunita Singh

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Base Year: 2023

Companies covered: 15

Tables & Figures: 232

Countries covered: 17

Pages: 161

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Contact Lenses Market Share

Contact Lenses Market Share

Contact Lenses Market Companies

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