The global contact lenses market is experiencing sustained growth, fueled by the increasing prevalence of vision disorders such as myopia, hyperopia, astigmatism, and presbyopia. With advancements in lens materials, rising awareness around eye health, and growing demand for cosmetic and lifestyle-oriented lenses, the market is evolving rapidly.
According to Fortune Business Insights, the contact lenses market was valued at USD 10.45 billion in 2023. The market 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. In 2023, North America led the contact lenses market with a share of 34.45%.
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.