The contact lenses market continues to grow due to increasing cases of vision disorders and the rising preference for non-invasive, convenient alternatives to eyeglasses. These lenses are used for both corrective and cosmetic purposes and are available in various types, including soft, rigid gas permeable, daily disposable, and extended-wear options. Technological advancements have led to the development of lenses offering enhanced oxygen permeability and comfort. Additionally, the popularity of colored and aesthetic lenses is expanding the consumer base. Growing awareness of eye care, rising screen time, and the convenience of online purchase platforms are expected to fuel market demand globally.
According to Fortune Business Insights, the global contact lenses market size was valued at USD 10.45 billion in 2023. It is projected to grow from USD 11.08 billion in 2024 to USD 18.30 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period. North America dominated the contact lenses market with a market share of 34.45% in 2023.
Alcon introduced the TOTAL30 multifocal lenses, designed to help patients with presbyopia. Available in the U.S. and international markets, these lenses promise improved comfort and clarity for users with age-related vision loss.