Contact Lens Market Size, Share, and Trends Analysis | Global | 2023-2029 | MedCore | Includes: Soft and Rigid Contact Lens

  • Year: 2023
  • Scope: 10 Years
  • Region: Global
  • Published Date: 10/20/2023
  • Type: MedCore

Product Description

Overall, the global contact lens market was valued at approximately $13.7 billion in 2022. This is expected to increase over the forecast period at a CAGR of 2.3% to reach approximately $16.1 billion.

Throughout this medical market research, we analyzed over 15 contact lens companies across 7 continents and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts. The full report suite on the global contact lens market includes an analysis of lenses by type (soft and rigid) and by usage (daily disposable, weekly/bi-weekly, monthly and reusable).

DATA TYPES INCLUDED

  • Unit Sales, Average Selling PricesMarket Value & Growth Trends
  • Forecasts Until 2029, and Historical Data to 2019
  • Market Drivers & Limiters for Each Segment
  • Competitive Analysis with Market Shares for Each Segment
  • Recent Mergers & Acquisitions
  • COVID19 Impact
  • Disease Overviews and Demographic Information
  • Company Profiles, Product Portfolios and SWOT for Top Competitors

Global Contact Lens Market Insights

global contact lens market

The rise in the aging population is anticipated to drive an increase in unit sales. Soft contact lenses are expected to experience a greater growth rate than rigid lenses. Furthermore, monthly contact lens prescriptions continue to be the preferred choice, and the market is projected to sustain its growth.

Global Contact Lens Market Share Insights

global contact lens market

  • In 2022, J&J Vision Care held the top position in the worldwide contact lens market, competing primarily with its ACUVUE product line.
  • During the same year, CooperVision secured the second-place position as a prominent player in the global contact lens market.
  • Alcon, also in 2022, occupied the third spot in the global contact lens market and is known for producing DAILIES TOTAL1, which is recognized as the world’s first and only water gradient contact lens.

Market Segmentation Summary

  • Soft Contact Lens Market
  • Rigid Contact Lens Market

Global Research Scope Summary

Report AttributeDetails
RegionsNorth America (Canada, United States)
Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela)
Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.)
Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine)
Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates)
Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam)
Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda)
Base Year2022
Forecast2023-2029
Historical Data2019-2022
Quantitative CoverageMarket Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
Qualitative CoverageCOVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews.
Data SourcesPrimary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database.

CONTACT US FOR ADDITIONAL INFORMATION

For full segmentation and any questions regarding research coverage, please contact us for a complimentary demo of the full report.

 

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20.1 Executive Summary
20.1.1 Global Contact Lens Market Overview
20.1.2 Competitive Analysis
20.1.3 Markets Included
20.1.4 Regions Included
20.2 Introduction
20.3 Market Overview
20.3.1 By Segment
20.3.2 By Region
20.4 Market Analysis and Forecast
20.4.1 Total Contact Lens Market
20.4.2 Contact Lens Market by Device Type
20.4.2.1 Soft Contact Lens Market
20.4.2.2 Rigid Contact Lens Market
20.5 Drivers and Limiters
20.5.1 Market Drivers
20.5.2 Market Limiters
20.6 Competitive Market Share Analysis
J&J Vision Care
CooperVision
Alcon
Bausch & Lomb
Others
Chart 20‑1: Contact Lens Market, Global, 2022 & 2029
Chart 20‑2: Contact Lens Units Sold, Global, 2022
Chart 20‑3: Contact Lens Market by Segment, Global, 2019 – 2029
Chart 20‑4: Contact Lens Market by Region, Global, 2019 – 2029
Chart 20‑5: Leading Competitors, Contact Lens Market, Global, 2022
Figure 20‑1: Contact Lens Markets Covered
Figure 20‑2: Contact Lens Regions Covered, Global (1 of 2)
Figure 20‑3: Contact Lens Regions Covered, Global (2 of 2)
Figure 20‑4: Contact Lens Market by Segment, Global, 2019 – 2029 (US$M)
Figure 20‑5: Contact Lens Market by Region, Global, 2019 – 2029 (US$M)
Figure 20‑6: Contact Lens Market, Global, 2019 – 2029
Figure 20‑7: Units Sold by Region, Contact Lens Market, Global, 2019 – 2029
Figure 20‑8: Average Selling Price by Region, Contact Lens Market, Global, 2019 – 2029 (US$)
Figure 20‑9: Market Value by Region, Contact Lens Market, Global, 2019 – 2029 (US$M)
Figure 20‑10: Soft Contact Lens Market, Global, 2019 – 2029
Figure 20‑11: Units Sold by Region, Soft Contact Lens Market, Global, 2019 – 2029
Figure 20‑12: Average Selling Price by Region, Soft Contact Lens Market, Global, 2019 – 2029 (US$)
Figure 20‑13: Market Value by Region, Soft Contact Lens Market, Global, 2019 – 2029 (US$M)
Figure 20‑14: Rigid Contact Lens Market, Global, 2019 – 2029
Figure 20‑15: Units Sold by Region, Rigid Contact Lens Market, Global, 2019 – 2029
Figure 20‑16: Average Selling Price by Region, Rigid Contact Lens Market, Global, 2019 – 2029 (US$)
Figure 20‑17: Market Value by Region, Rigid Contact Lens Market, Global, 2019 – 2029 (US$M)
Figure 20‑18: Leading Competitors, Contact Lens Market, Global, 2022

iData’s 9-Step Research Methodology

Our reports follow an in-depth 9-step methodology which focuses on the following research systems:

  • Original primary research that consists of the most up-to-date market data
  • Strong foundation of quantitative and qualitative research
  • Focused on the needs and strategic challenges of the industry participants

Step 1: Project Initiation & Team Selection During this preliminary investigation, all staff members involved in the industry discusses the topic in detail.

Step 2: Prepare Data Systems and Perform Secondary Research The first task of the research team is to prepare for the data collection process: Filing systems and relational databases are developed as needed.

Step 3: Preparation for Interviews & Questionnaire Design The core of all iData research reports is primary market research. Interviews with industry insiders represent the single most reliable way to obtain accurate, current data about market conditions, trends, threats and opportunities.

Step 4: Performing Primary Research At this stage, interviews are performed using contacts and information acquired in the secondary research phase.

Step 5: Research Analysis: Establishing Baseline Estimates Following the completion of the primary research phase, the collected information must be synthesized into an accurate view of the market status. The most important question is the current state of the market.

Step 6: Market Forecast and Analysis iData Research uses a proprietary method to combine statistical data and opinions of industry experts to forecast future market values.

Step 7: Identify Strategic Opportunities iData analysts identify in broad terms why some companies are gaining or losing share within a given market segment.

Step 8: Final Review and Market Release An integral part of the iData research methodology is a built-in philosophy of quality control and continuing improvement is integral to the iData philosophy.

Step 9: Customer Feedback and Market Monitoring iData philosophy of continuous improvement requires that reports and consulting projects be monitored after release for customer feedback and market accuracy.

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Overall, the global contact lens market was valued at approximately $13.7 billion in 2022. This is expected to increase over the forecast period at a CAGR of 2.3% to reach approximately $16.1 billion.

  • 2023
  • 10 Years
  • Global
  • 10/20/2023
  • MedCore
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