The contact lenses market focuses on corrective, cosmetic, and therapeutic lenses used to improve vision and enhance eye appearance. These lenses serve as an alternative to traditional eyeglasses and are available in various types, including soft, rigid gas permeable, and hybrid lenses. The market is driven by the increasing prevalence of refractive vision disorders like myopia and astigmatism, growing consumer preference for aesthetics and convenience, and advancements in lens materials and designs. Daily disposables and silicone hydrogel lenses are gaining popularity for their comfort and hygiene benefits. North America holds a leading share, while Asia-Pacific is witnessing rapid growth due to rising awareness and expanding access to eye care solutions.
According to Fortune Business Insights, the global contact lenses market was valued at USD 10.45 billion in 2023 and is projected to grow from USD 11.08 billion in 2024 to USD 18.30 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.5% during the forecast period. In 2023, North America dominated the market with a 34.45% share.
Contact lenses are medical devices used for both therapeutic and cosmetic purposes.
The rising number of aging individuals and screen-dependent younger populations has significantly contributed to higher vision correction needs.
Daily disposable and reusable lenses continue to gain traction due to their convenience, hygiene, and comfort.
Technological innovations such as smart lenses and lenses with moisture-retaining materials are further enhancing user comfort.