The global contact lenses market is experiencing significant growth, driven by factors such as the increasing prevalence of refractive errors, advancements in lens technology, and rising awareness about eye health. This article provides an in-depth analysis of the current market landscape, key players, recent developments, and future prospects.
The global contact lenses market was valued at USD 10.45 billion in 2023. It is projected to increase from USD 11.08 billion in 2024 to USD 18.30 billion by 2032, registering a compound annual growth rate (CAGR) of 6.5% during the forecast period.
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In October 2023, Alcon launched the TOTAL30 multifocal lenses for patients suffering from presbyopia. These lenses are designed to provide clear vision at all distances and will be distributed in the U.S. and select international markets.