The Disposable Contact Lenses Market is likely to hold the global market at a moderate CAGR of 9.2% during the forecast period. The global market holds a forecasted revenue of US$ 6.88 Million in 2022 and is likely to cross US$ 16.5 Million by the end of 2032.
The disposable contact lenses market is anticipated to show promising growth prospects during the forecast period, expanding the global disposable contact lenses market size.
| Attribute | Details |
|---|---|
| The Disposable Contact Lenses Market Estimated Size (2021) | US$ 6.3 Million |
| The Disposable Contact Lenses Market Estimated Size (2022) | US$ 6.88 Million |
| The Disposable Contact Lenses Market Projected Size (2032) | US$ 16.5 Million |
| The Disposable Contact Lenses Market CAGR (2022 to 2032) | 9.2% |
Contact lenses are used to reduce refractive errors in the eyes and compensate for visual acuity. Contact lenses are the best alternative for glasses, which are not ideal for active physical work. Glasses are sometimes like a burden, they need careful handling and are vulnerable to damage.
Optometrists recommend contact lenses to deal with eyesight issues and to lessen the likelihood of complications developing and developing terrible vision. Disposable contact lenses are the most popular option available to customers. These are much more durable, fit well on eye lenses, give comfort, and are easy to remove and wear.
Increasing use of digital devices due to work and changing lifestyles are the main reason that eye sights are getting worse, and many people require glasses to reduce errors and blurry vision. Using these lenses can help with redness of eyes, swelling, dryness, and tiredness of the eyes. Due to their robust and wide uses, disposable contact lenses are getting popular among users.
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Contact lenses are commonly used by people who do not like wearing glasses, as they are uncomfortable or look shabby. There is a number of eyesight disorders like myopia, Hyperopia, Presbyopia and others. To reduce the discomfort and bad vision due to these complications and avoid further complications, people are choosing contact lenses. Nowadays, silicon-based contact lenses, like silicon hydrogel are gaining popularity. There are different developments and technological advancements that are making these lenses more durable, comfortable and lightweight. As the number of people with eyesight problems is increasing, the contact lenses market will also see a surge.
Along with being a cure for sight disorders, these contact lenses are customisable, allowing the user to change the colour of their eyes. There are different coloured lenses, helping people to temporarily improve or completely change their lens colour, as a fashion trend, are very popular among fashion enthusiasts.
Disposable contact lenses are facing restraints, excess use of these lenses can cause irritation and redness of the eyes. If they are not properly cleaned and stored, there might be microbial contamination, which will cause infection of the eyes. There are also chances, if the lenses are not removed before sleeping, they might cause septic and lead to severe injury to the eyes. The contact lenses require a prescription, as they are classified as class B medical products. Due to the regulation from the government in some countries, there are limitations to their sales, and users have to get a prescription to get them.
The lenses are mainly used to reduce blurry vision and help with discomfort, but, the availability of glasses, which are a cheaper option for the lenses is reducing sales. Many people are choosing glasses over contact lenses, as they are another fashionable alternative to contact lenses. Along with these facts, different surgeries helping with permanent cures of eyesight problems are another restraint to the disposable contact lenses market. These are some main restraints to the disposable contact lenses market.
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Asia Pacific region is showing the highest demand for disposable contact lenses. These lenses are popular in the countries like china and japan, due to their customizable colors. There are fashion trends in these countries where people are changing their eye color to match a theme of a festival or a venue. Increasing disposable income is another factor that is increasing the disposable contact lenses market in the region.
North America is showing significant growth in the disposable contact lenses market. These contacts are observing increased popularity due to the promotion of these products by celebrities in movies and adverts, changing fashion and lifestyle, and high income of the residents of the countries in this region. An increase in awareness of eye protection and safety is also helping in the growth of the market.
Some key players in the Disposable Contact Lenses Market are The Cooper Companies, Inc., Novartis International AG, Johnson & Johnson, Bausch Health Companies Inc., Blanchard Lab, ZEISS International, Alcon Company, Hoya Corporation, and others.
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| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 9.2% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical Data Available for | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative units | Revenue in USD Million, volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis |
| Segments Covered | Product Type, Design, Material Type, Usage, Distribution Channel, Region |
| Country scope | USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, Russia, India, Thailand, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, United Arab Emirates(UAE), South Africa |
| Key Companies Profiled | The Cooper Companies Inc.; Novartis International AG; Johnson & Johnson; Bausch Health Companies Inc.; Blanchard Lab; ZEISS International; Alcon Company; Hoya Corporation; Others |
| Customization scope | Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The Disposable Contact Lenses market is expected to reach a valuation of US$ 6.88 Million in 2022.
Customizable lens colors, making them a fashion trend along with increasing eyesight problems and availability of lenses all over the world are helping the disposable contact lenses market to grow. The regions with populations having high incomes and a better lifestyle are commonly using these lenses instead of eyeglasses.
Leading players operating in the Disposable Contact Lenses market are The Cooper Companies, Inc., Novartis International AG, Johnson & Johnson, Bausch Health Companies Inc., Blanchard Lab, ZEISS International, Alcon Company, Hoya Corporation, and others.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. By Product Type 6.2. By Design 6.3. By Material Type 6.4. By Usage 6.5. By Distribution Channel 7. Global Market Analysis and Forecast, By Product Type 7.1. Corrective 7.2. Cosmetic Lens 7.3. Prosthetic Lens 7.4. Therapeutic Lens 8. Global Market Analysis and Forecast, By Design 8.1. Toric 8.2. Spherical 8.3. Bifocal 8.4. Multifocal 9. Global Market Analysis and Forecast, By Material Type 9.1. Hydrogel 9.2. Polymers 10. Global Market Analysis and Forecast, By Usage 10.1. Daily 10.2. Weekly 10.3. Monthly 10.4. Yearly 11. Global Market Analysis and Forecast, By Distribution Channel 11.1. Multi-brand Stores 11.2. Optical Stores 11.3. Independent Stores 11.4. Online Store 11.5. Other Sales Channel 12. Global Market Analysis and Forecast, By Region 12.1. North America 12.2. Latin America 12.3. Europe 12.4. East Asia 12.5. South Asia 12.6. Oceania 13. North America Sales Analysis and Forecast, by Key Segments and Countries 14. Latin America Sales Analysis and Forecast, by Key Segments and Countries 15. Europe Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. South Asia Sales Analysis and Forecast, by Key Segments and Countries 18. Oceania Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Product Type, Design, Material Type, Usage, and Distribution Channel for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. The Cooper Companies Inc. 21.2. Novartis International AG 21.3. Johnson & Johnson 21.4. Bausch Health Companies Inc. 21.5. Blanchard Lab 21.6. ZEISS International 21.7. Alcon Company 21.8. Hoya Corporation
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Disposable Contact Lenses Market
