Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Contact Lenses Market to reach USD 11.7 billion by 2027.

Global Contact Lenses Market Size study, by Usage (Daily Wear, Extended Wear), Design (Monovision, Spherical, Multifocal, Toric), Material (PMMA, Hybrid, Silicone Hydrogel), Application (Orthokeratology, Decorative Lens), Distribution Channel (Retail stores, Hospitals & clinics-commerce) and Regional Forecasts 2021-2027

Product Code: HLSMDE-31998101
Publish Date: 30-11-2021
Page: 200

Global Contact Lenses Market is valued approximately USD 7.4 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 6.70 % over the forecast period 2021-2027. Contact lenses are basically ocular prosthetic devices or thin lenses that can be directly used on the surface of eyes. Contact lenses can be used to correct vision, therapeutic and cosmetic reasons. Increasing geriatric population drives the market growth of contact lenses, as due to growing age the eyesight gets affected and major eye disorders take place. For instance, in 2019, according to the United Nations, the world geriatric population (above 65) is increasing globally during 2019- 2050. It states that geriatric population in Sub-Saharan Africa was 5 percent which is forecasted to grow with a percentage of about 7. Whereas in Central and southern Asia it was only 17 % which is projected to increase with a percentage of 21 percent. Moreover, rising cases of myopia and other eye disorders pushes the market growth of contact lenses. However, decreasing number of ophthalmologists impedes the growth of the market over the forecast period of 2021-2027. Also, increasing preference towards contact lenses over eyeglasses is likely to increase the market growth during the forecast period.

The regional analysis of global Contact Lenses Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to rising innovation in the designs and technology advancement, increasing trend of opting for contact lenses over traditional glasses. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as increasing geriatric population and rising cases of myopia and other eye disorders would create lucrative growth prospects for the Contact Lenses Market across Asia-Pacific region.

Major market player included in this report are:

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Usage:
Daily Wear
Extended Wear
Traditional Wear
By Design:
By Material:
Silicone hydrogel
Gas permeable
By Colour Variation:
Opaque contact lenses
Enhanced contact lenses
Visibility tinted contact lenses
By Application:
By Distribution Channel:
Retail stores
Hospitals & clinics

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Contact Lenses Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Global Contact Lenses Market by Region, 2019-2027 (USD Billion)
1.2.2. Global Contact Lenses Market by Usage, 2019-2027 (USD Billion)
1.2.3. Global Contact Lenses Market by Design, 2019-2027 (USD Billion)
1.2.4. Global Contact Lenses Market by Material, 2019-2027 (USD Billion)
1.2.5. Global Contact Lenses Market by Application, 2019-2027 (USD Billion)
1.2.6. Global Contact Lenses Market by Distributional Channel, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Contact Lenses Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Contact Lenses Market Dynamics
3.1. Contact Lenses Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing geriatric population. Rising cases of myopia and other eye disorders
3.1.2. Market Challenges Decreasing number of ophthalmologists
3.1.3. Market Opportunities Increasing usage of contact lenses over eyeglasses.
Chapter 4. Global Contact Lenses Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Contact Lenses Market by Usage,
5.1. Market Snapshot
5.2. Global Contact Lenses Market by Usage, Performance – Potential Analysis
5.3. Global Contact Lenses Market Estimates & Forecasts by Usage ,2018-2027 (USD Billion)
5.4. Global Contact Lenses Market Sub Segment Analysis
5.4.1. Daily Wear
5.4.2. Extended Wear
5.4.3. Traditional Wear
Chapter 6. Global Contact Lenses Market by Design
6.1. Market Snapshot
6.2. Global Contact Lenses Market by Design, Performance – Potential Analysis
6.3. Global Contact Lenses Market Estimates & Forecasts by Design ,2018-2027 (USD Billion)
6.4. Global Contact Lenses Market Sub Segment Analysis
6.4.1. Spherical
6.4.2. Toric
6.4.3. Multifocal
6.4.4. Monovision
6.4.5. Cosmetic
Chapter 7. Global Contact Lenses Market by Material
7.1. Market Snapshot
7.2. Global Contact Lenses Market by Material Performance – Potential Analysis
7.3. Global Contact Lenses Market Estimates & Forecasts by Material,2018-2027 (USD Billion)
7.4. Global Contact Lenses Market Sub Segment Analysis
7.4.1. Silicone hydrogel
7.4.2. Hydrogel
7.4.3. Gas permeable
7.4.4. Hybrid
7.4.5. PMMA
Chapter 8. Global Contact Lenses Market by Color Variation,
8.1. Market Snapshot
8.2. Global Contact Lenses Market by Color Variation, Performance – Potential Analysis
8.3. Global Contact Lenses Market Estimates & Forecasts by Color Variation,2018-2027 (USD Billion)
8.4. Global Contact Lenses Market Sub Segment Analysis
8.4.1. Opaque contact lenses
8.4.2. Enhanced contact lenses
8.4.3. Visibility tinted contact lenses

Chapter 9. Global Contact Lenses Market by Application,
9.1. Market Snapshot
9.2. Global Contact Lenses Market by Application, Performance – Potential Analysis
9.3. Global Contact Lenses Market Estimates & Forecasts by Application,2018-2027 (USD Billion)
9.4. Global Contact Lenses Market Sub Segment Analysis
9.4.1. Conventional
9.4.2. Orthokeratology
9.4.3. Decorative
Chapter 10. Global Contact Lenses Market by Distribution Channel,
10.1. Market Snapshot
10.2. Global Contact Lenses Market by Distribution Channel, Performance – Potential Analysis
10.3. Global Contact Lenses Market Estimates & Forecasts by Distribution Channel, 2018-2027 (USD Billion)
10.4. Global Contact Lenses Market Sub Segment Analysis
10.4.1. Retail stores
10.4.2. Hospitals & clinics
10.4.3. E-commerce

Chapter 11. Global Contact Lenses Market Regional Analysis
11.1. Global Contact Lenses Market Regional Market Snapshot
11.2. North America Contact Lenses Market
11.2.1. U.S. Contact Lenses Market Usage breakdown estimates & forecasts, 2018-2027 Design breakdown estimates & forecasts, 2018-2027 Material breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027 Distribution Channel breakdown estimates & forecasts, 2018-2027
11.2.2. Canada Contact Lenses Market
11.3. Europe Contact Lenses Market Snapshot
11.3.1. U.K. Contact Lenses Market
11.3.2. Germany
11.3.3. France Contact Lenses Market
11.3.4. Spain Contact Lenses Market
11.3.5. Italy Contact Lenses Market
11.3.6. Rest of Europe Contact Lenses Market
11.4. Asia-Pacific Contact Lenses Market Snapshot
11.4.1. China Contact Lenses Market
11.4.2. India Contact Lenses Market
11.4.3. Japan Contact Lenses Market
11.4.4. Australia Contact Lenses Market
11.4.5. South Korea Contact Lenses Market
11.4.6. Rest of Asia Pacific Contact Lenses Market
11.5. Latin America Contact Lenses Market Snapshot
11.5.1. Brazil Contact Lenses Market
11.5.2. Mexico Contact Lenses Market
11.6. Rest of The World Contact Lenses Market

Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. SYNERGEYES Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
12.2.7. BESCON
12.2.8. NEO VISION
12.2.9. CLEARLAB
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now