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The GCC contact lens industry size reached a valuation of US$ 227.1 million in 2023. Demand for contact lenses is anticipated to record a y-o-y growth of 6.2% in 2024.The industry is expected to reach US$ 241.1 million by 2024. Over the projection period 2024 to 2034.
Attributes | Key Insights |
---|---|
GCC Contact Lens Industry Anticipated Size (2023A) | US$ 227.1 million |
GCC Contact Lens Industry Estimated Size (2024E) | US$ 241.1 million |
GCC Contact Lens Industry Projected Valuation (2034F) | US$ 452.6 million |
GCC Contact Lens Industry Value-based CAGR (2024 to 2034) | 6.5% |
2019 to 2023 GCC Contact Lens Industry Analysis Compared to 2024 to 2034
Historical CAGR (2019 to 2023) | 4.7% |
---|---|
Forecast CAGR (2024 to 2034) | 6.5% |
Country-wise Insights
Country | CAGR (2024 to 2034) |
---|---|
United Arab Emirates | 6.8% |
Kingdom of Saudi Arabia | 4.0% |
Bahrain | 12.2% |
Qatar | 5.2% |
Kuwait | 9.4% |
Category-wise Insights
Product Type | Gas Permeable |
---|---|
CAGR (2024 to 2034) | 7.1% |
Design Type | Cosmetic |
---|---|
CAGR (2024 to 2034) | 12.3% |
Sales Channel | Luxury Boutiques |
---|---|
CAGR (2024 to 2034) | 9.2% |
Scope of the GCC Contact Lens Industry Research Report
Attribute | Details |
---|---|
GCC Contact Lens Industry Value in 2024 | US$ 241.1 million |
GCC Contact Lens Industry Value in 2034 | US$ 452.6 million |
Anticipated Growth Rate of GCC Contact Lens Industry (2024 to 2034) | 6.5% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
GCC Contact Lens Industry Analysis | US$ million for Value |
Key Regions Covered |
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Key Countries Covered |
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Key Segments Covered |
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Key Companies Profiled in GCC Contact Lens Industry Report |
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Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities, and Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
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Contact Lenses Market Size 2025-2029
The contact lenses market size is valued to increase by USD 6.03 billion, at a CAGR of 6% from 2024 to 2029. Growing prevalence of myopia will drive the contact lenses market.
Major Market Trends & Insights
North America dominated the market and accounted for a 34% growth during the forecast period.
By Product - Soft lenses segment was valued at USD 7.17 billion in 2023
By Distribution Channel - Offline segment accounted for the largest market revenue share in 2023
Market Size & Forecast
Market Opportunities: USD 63.52 million
Market Future Opportunities: USD 6025.20 million
CAGR from 2024 to 2029 : 6%
Market Summary
Contact lenses, a vital segment of the global eye care industry, experienced significant growth in recent years, driven by the increasing prevalence of myopia and the adoption of advanced technologies. According to market data, the market reached a value of USD 13.6 billion in 2020, underscoring its importance in the optical industry. Advancements in technology have transformed contact lenses from simple corrective devices to smart, multifunctional solutions. Innovations such as daily disposable lenses, toric lenses for astigmatism, and colored contact lenses have expanded their appeal to a broader consumer base. Moreover, the integration of digital technologies like sensors, wireless connectivity, and prescription scanning has enabled contact lenses to monitor eye health and provide real-time data to healthcare professionals.
Despite these advancements, the market faces challenges, primarily due to stringent regulations. Governments and regulatory bodies worldwide enforce rigorous standards to ensure the safety and efficacy of contact lenses. These regulations necessitate extensive clinical trials, rigorous testing, and continuous monitoring, which can significantly increase the cost of production and distribution. In conclusion, the market continues to evolve, driven by the rising prevalence of myopia and the adoption of advanced technologies. Despite regulatory challenges, the market's future looks promising, with opportunities in emerging markets and continued innovation in lens technology.
What will be the Size of the Contact Lenses Market during the forecast period?
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How is the Contact Lenses Market Segmented ?
The contact lenses industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Product
Soft lenses
Rigid gas permeable lenses
Hybrid lenses
Distribution Channel
Offline
Online
Type
Daily wear
Extended wear
Traditional
Variant
Spherical
Multifocal
Cosmetic
Monovision
Solution
Opaque
Enhancers
Visibility tinted
Application
Conventional
Decorative
Orthokeratology
Geography
North America
US
Canada
Europe
France
Germany
Italy
The Netherlands
UK
APAC
China
India
Japan
Rest of World (ROW)
By Product Insights
The soft lenses segment is estimated to witness significant growth during the forecast period.
The market is characterized by the continuous evolution of various lens types, including soft and rigid gas permeable (RGP) lenses. Soft contact lenses, comprising over 80% of the global market share, are expected to grow at a faster rate than the overall market. These lenses, made from hydrogels, offer greater comfort and flexibility compared to RGP lenses. Hydrogel's water content and pliability enable better adaptation to the eye's shape and improved oxygen permeability, ensuring eye health and enhancing user experience. Key soft lens types include daily disposable, extended wear, multifocal, and toric lenses, catering to diverse vision needs.
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The Soft lenses segment was valued at USD 7.17 billion in 2019 and showed a gradual increase during the forecast period.
Daily disposable lenses offer the convenience of being discarded after each use, reducing the risk of lens-related infections. The market also encompasses specialized lenses, such as intraocular lenses implants, orthokeratology lenses, and scleral lenses, addressing specific eye conditions. A notable trend is the integration of advanced technology, like corneal topography mapping and UV blocking, to enhance lens performance and user experience. For instance, hydrophilic lens properties and silicone hydrogel lenses improve lens wettability and oxygen permeability, respectively. Additionally, lens power parameters, such as base curve measurements and lens dehydration effects, are crucial considerations in lens selection.
Proper lens handling instructions, care regimens, and disinfection pr
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Corrective Contact Lenses Market Size 2024-2028
The corrective contact lenses market size is forecast to increase by USD 3.42 billion, at a CAGR of 5.54% between 2023 and 2028. The market is significantly driven by the increasing prevalence of refractive errors, which has led to a rising adoption of daily disposable corrective contact lenses. Additionally, the growing popularity of silicone hydrogel corrective contact lenses, known for their superior comfort and oxygen permeability, further fuels this expansion. As more consumers seek convenient and effective solutions for vision correction, the demand for these advanced lens options continues to rise, shaping the trajectory of the market. This combined effect of rising refractive errors and the growing preference for innovative lens technologies underscores a robust growth trend in the corrective contact lenses industry.
What will be the Size of the Market During the Forecast Period?
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Market Dynamic and Customer Landscape
The market caters to individuals with refractive errors such as Myopia, Hyperopia, Presbyopia, and Astigmatism. These lenses are designed to correct vision impairments caused by these conditions, providing an alternative to eyeglasses. The market includes various types of contact lenses, including silicone hydrogel lenses, hybrid lenses, and reusable lenses. Daily disposable lenses have gained popularity due to their convenience and health benefits. Optics and optometry have seen significant advancements in contact lens technology, leading to the development of specialized lenses for specific conditions. These include toric lenses for Astigmatism, multifocal contact lenses for Presbyopia, and monovision contact lenses for individuals with different prescriptions in each eye. Age-related eye diseases such as cataracts and diabetic retinopathy also contribute to the growth of the market.
Traditional contact lenses continue to dominate the market, but the trend is shifting towards more advanced lens types. The geriatric population is a significant consumer base due to the prevalence of age-related vision defects. Laser eye surgery is another alternative to contact lenses, but it is not suitable for everyone. The market for corrective contact lenses is expected to grow due to the increasing prevalence of refractive errors and the convenience and cosmetic appeal of contact lenses compared to prescription eyeglasses. Spherical lenses are the most common type of contact lenses, but multifocal and toric lenses are gaining popularity due to their ability to correct multiple vision issues.
Key Market Driver
Increasing prevalence of refractive errors is notably driving market growth. Corrective contact lenses are a popular alternative to eyeglasses for addressing various refractive errors, including myopia, hyperopia, astigmatism, and presbyopia. In the field of optics and optometry, several types of corrective lenses are available, such as silicone hydrogel lenses, hybrid lenses, spherical lenses, toric lenses, and multifocal lenses. These lenses cater to diverse needs, from cosmetic enhancements to addressing visual impairments caused by conditions like cataracts and diabetic retinopathy. The corrective lens market encompasses various segments, including retail, e-commerce, and cosmetic. Daily disposable lenses have gained significant traction due to their convenience and hygiene benefits.
Traditional contact lenses, such as spherical and toric lenses, continue to be popular, while multifocal lenses cater to the geriatric population with age-related eye diseases. Soft lenses, including spherical and multifocal, and gas-permeable lenses, such as orthokeratology, scleral lenses, and rigid gas-permeable lenses, offer unique advantages. Ophthalmologists and retail stores are key distributors, while online stores and prescription eyeglasses are increasingly popular channels for purchasing corrective lenses. Laser eye surgery is another alternative for vision correction, but reusable and disposable lenses remain essential for those who prefer non-surgical options. Thus, such factors are driving the growth of the market during the forecast period.
Significant Market Trends
New product launches by market vendors is the key trend in the market. Corrective contact lenses are a popular alternative to eyeglasses for addressing various refractive errors such as myopia, hyperopia, astigmatism, and presbyopia. In the field of optics and optometry, several types of corrective lenses are available, including silicone hydrogel lenses, hybrid lenses, spherical lenses, toric lenses, and multifocal lenses. The cosmetic segment of the contact lens market has gained significant traction due to the desire for enhanced visual appearance and comfort. The retail segment, including optometrists and retail stores, dominates the market, while the e-commerce segm
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2023 |
REGIONS COVERED | North America, Europe, APAC, South America, MEA |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2024 | 3,500(USD Million) |
MARKET SIZE 2025 | 3,600(USD Million) |
MARKET SIZE 2035 | 5.5(USD Billion) |
SEGMENTS COVERED | Product Type, End User, Formulation Type, Application, Regional |
COUNTRIES COVERED | US, Canada, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC, Brazil, Mexico, Argentina, Rest of South America, GCC, South Africa, Rest of MEA |
KEY MARKET DYNAMICS | growing demand for comfort, increasing adoption of multifocal lenses, rising prevalence of eye disorders, technological advancements in solutions, shift towards online sales channels |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | CooperVision, Abbott Medical Optics, Alcon, EssilorLuxottica, Optometry Giving Sight, Hoya Corporation, Johnson and Johnson, MediAqua, Rochester Optical, Bausch and Lomb, Carl Zeiss AG, Menicon |
MARKET FORECAST PERIOD | 2025 - 2035 |
KEY MARKET OPPORTUNITIES | Rising demand for dry eye relief, Increasing adoption of daily disposables, Growth in online retail channels, Technological innovations in formulations, Aging population requiring vision correction |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.3% (2025 - 2035) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 8.27(USD Billion) |
MARKET SIZE 2024 | 8.44(USD Billion) |
MARKET SIZE 2032 | 10.0(USD Billion) |
SEGMENTS COVERED | Material ,Lens Type ,Correction ,Design ,Application ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Increasing demand for vision correction Technological advancements Rising disposable income Aging population Growing awareness of eye health |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Bausch Health Companies ,CooperVision ,Essilor ,Alcon ,Johnson & Johnson Vision ,Menicon ,Hoya Corporation ,Contamac ,Mark'ennovy ,Interojo ,SEED Co., Ltd. ,D.O. Industries ,Clearlab ,CIBA Vision ,Dayliff Optical Group |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | 1 Rising demand for vision correction 2 Technological advancements in lens materials 3 Increasing disposable income in emerging markets 4 Aging population and presbyopia 5 Growing awareness of eye health and hygiene |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 2.13% (2024 - 2032) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 2.05(USD Billion) |
MARKET SIZE 2024 | 2.25(USD Billion) |
MARKET SIZE 2032 | 4.8(USD Billion) |
SEGMENTS COVERED | Material ,Type ,Design ,Application ,Distribution Channel ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Increasing prevalence of myopia Technological advancements Growing awareness of myopia control Rising disposable income Government initiatives |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Vistakon ,Contamac ,Menicon ,Hoya ,Essilor ,CorneaGen ,SwissLens ,Alcon ,CooperVision ,The Vision Care Company ,Tokai Optical ,Zeiss ,SightGlassVision ,Johnson & Johnson ,MiSight |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | 1 Growing Prevalence of Myopia 2 Technological Advancements in Contact Lens Design 3 Increased Awareness and Adoption 4 Integration with Digital Health Devices 5 Reimbursement Expansions |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 9.94% (2025 - 2032) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2023 |
REGIONS COVERED | North America, Europe, APAC, South America, MEA |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2024 | 12.2(USD Billion) |
MARKET SIZE 2025 | 12.6(USD Billion) |
MARKET SIZE 2035 | 18.0(USD Billion) |
SEGMENTS COVERED | Product Type, Usage Type, Care Products, Distribution Channel, Regional |
COUNTRIES COVERED | US, Canada, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC, Brazil, Mexico, Argentina, Rest of South America, GCC, South Africa, Rest of MEA |
KEY MARKET DYNAMICS | increasing myopia prevalence, rising aging population, technological advancements in lenses, growing awareness of eye health, expanding e-commerce platforms |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Oculus, Hoya, Rodenstock, Keratoconus, Johnson & Johnson, Menicon, Alcon, Scleral, Novartis, Carl Zeiss, CooperVision, EssilorLuxottica, SynergEyes, Bausch + Lomb, Toric |
MARKET FORECAST PERIOD | 2025 - 2035 |
KEY MARKET OPPORTUNITIES | Growing demand for daily disposables, Innovations in smart contact lenses, Increasing awareness of eye health, Expansion in developing markets, Rising popularity of contact lens accessories |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.6% (2025 - 2035) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 3.67(USD Billion) |
MARKET SIZE 2024 | 3.8(USD Billion) |
MARKET SIZE 2032 | 5.0(USD Billion) |
SEGMENTS COVERED | Material ,Design ,Usage ,Application ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Growing preference for customized contact lenses Technological advancements in lens materials and designs Increasing prevalence of refractive errors Rising demand for noninvasive vision correction Growing awareness about the benefits of GP lenses |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | CooperVision ,Johnson & Johnson Vision ,Bausch + Lomb ,EssilorLuxottica ,Alcon ,ZEISS ,Menicon ,Ocular Sciences ,Boston Foundation for Sight ,Paragon Vision Sciences |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Growing prevalence of myopia and other refractive errors Technological advancements in lens design and materials Rising demand for specialty contact lenses for irregular corneas Increased focus on ocular health and vision correction Growing awareness of the benefits of GP lenses |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.49% (2024 - 2032) |
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Contact Lens Solutions Market Size 2025-2029
The contact lens solutions market size is forecast to increase by USD 512.3 million, at a CAGR of 3.7% between 2024 and 2029.
Major Market Trends & Insights
North America dominated the market and accounted for a 34% growth during the forecast period.
By the Distribution Channel - Offline segment was valued at USD 1456.20 million in 2023
By the Type - Multi-purpose segment accounted for the largest market revenue share in 2023
Market Size & Forecast
Market Opportunities: USD 35.16 million
Market Future Opportunities: USD 512.30 million
CAGR : 3.7%
North America: Largest market in 2023
Market Summary
Contact lenses have seen significant growth in the market due to their convenience and flexibility, with daily disposable contact lenses gaining increasing popularity. According to industry reports, the market is projected to expand at a steady pace, with a focus on innovation and technological advancements. This market growth can be attributed to factors such as rising disposable income, increasing awareness of eye health, and the convenience contact lenses offer compared to traditional glasses. Furthermore, contact lens solutions have become an essential accessory for those with active lifestyles, as they provide clear vision during sports and other physical activities.
The market is expected to remain dynamic, with key players continually investing in research and development to cater to evolving consumer preferences and demands.
What will be the Size of the Contact Lens Solutions Market during the forecast period?
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Contact lens solutions continue to gain traction in the vision correction market, with current usage exhibiting a significant presence. Approximately 65 million Americans wear contact lenses, representing a substantial portion of the total population relying on this corrective solution. Looking ahead, market expansion is anticipated, with a projected growth rate of 4.2% yearly. A comparison of key numerical data reveals an intriguing trend. Daily disposable lenses account for over 50% of the contact lens market share, while extended wear lenses represent approximately 25%. This disparity can be attributed to factors such as patient compliance, comfort, and health concerns related to extended wear.
Silicone hydrogel polymers, a crucial material in contact lens manufacturing, have revolutionized the industry by providing enhanced oxygen permeability and ocular surface hydration. This innovation has contributed to the growing popularity of contact lenses as a preferred vision correction method. In the realm of contact lens solutions, ongoing research focuses on addressing challenges such as microbial contamination control, lens durability testing, and lipid deposition reduction. These advancements not only improve user experience but also contribute to the continuous evolution of the market.
How is this Contact Lens Solutions Industry segmented?
The contact lens solutions industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Distribution Channel
Offline
Online
Type
Multi-purpose
Hydrogen peroxide-based
Others
Consumer Segment
Individual Consumers
Eye Care Professionals
Application
Soft Lenses
Rigid Gas Permeable Lenses
Geography
North America
US
Canada
Europe
France
Germany
Italy
UK
APAC
China
India
Japan
South Korea
Rest of World (ROW)
By Distribution Channel Insights
The offline segment is estimated to witness significant growth during the forecast period.
The market is witnessing substantial growth, with sales of these solutions accounting for a considerable portion of the overall revenue. According to recent reports, offline sales channels, including hypermarkets, supermarkets, department stores, pharmacies, and convenience stores, dominate the market. Major retailers such as Walmart, Walgreens, and CVS have been early adopters of contact lens solutions and other related products, contributing significantly to market expansion. Currently, around 40% of contact lens solutions are sold through offline retail channels. This trend is driven by the advantage of allowing individual buyers to physically compare the attributes of various brands and products.
Moreover, contact lens solutions' availability in a dedicated section of retail stores enhances their visibility and accessibility. Looking forward, the market for contact lens solutions is expected to grow further, with an estimated 35% of the global population projected to use contact lenses b
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 5.09(USD Billion) |
MARKET SIZE 2024 | 5.38(USD Billion) |
MARKET SIZE 2032 | 8.3(USD Billion) |
SEGMENTS COVERED | Material ,Replacement Frequency ,Application ,Diameter ,Base Curve ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Growing prevalence of eye diseases Technological advancements Rising demand for noninvasive treatment options Increasing healthcare expenditure Evolving regulatory landscape |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Menicon Co., Ltd. ,Johnson & Johnson Vision Care ,Hoya Vision Care ,Novartis ,Paragon Care Pty Ltd ,Carl Zeiss Meditec ,Avedro ,Bausch & Lomb ,Topcon ,HOYA Corporation ,Alcon ,Rodenstock ,EssilorLuxottica ,CooperVision ,SEED Co., Ltd. |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Episodic dry eye Emerging markets Presbyopia Myopia control Corneal ectasia |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.58% (2025 - 2032) |
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The global myopia control contact lenses market is a rapidly growing industry, with a market size valued at 454.8 million USD in 2025 and is projected to reach 1,524.2 million USD by 2033, exhibiting a CAGR of 13.3% during the forecast period. This growth is primarily driven by the rising prevalence of myopia, particularly among children and young adults, increasing awareness about myopia control measures, and technological advancements in contact lens design. The market is segmented based on application (teenagers and adults), type (orthokeratology lenses and multi-focal soft contact lenses), and region (North America, South America, Europe, Middle East & Africa, and Asia Pacific). Key companies in the market include CooperVision, Ovctek, EUCLID, Alpha Corporation, Lucid Korea, Brighten Optix, and Contex. Major market drivers include the rising incidence of myopia, advancements in contact lens materials and designs, and government initiatives to promote myopia control. However, factors such as potential side effects associated with contact lens use and the high cost of myopia control contact lenses may restrain market growth.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 1.07(USD Billion) |
MARKET SIZE 2024 | 1.17(USD Billion) |
MARKET SIZE 2032 | 2.43(USD Billion) |
SEGMENTS COVERED | Product Type ,Material ,Application ,Distribution Channel ,Price Range (USD) ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Growing demand for contact lenses multipurpose contact lens solutions Increasing number of contact lens wearers worldwide Technological advancements in contact lens care products Rising disposable income increasing awareness about eye health |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | CooperVision ,Johnson & Johnson Vision Care ,Bausch & Lomb ,Alcon Vision LLCre ,Carl Zeiss Meditec ,Menicon Co., Ltd. ,SEED Co., Ltd. ,Hoya Corporation ,EssilorLuxottica ,Rodenstock ,Nikon Corporation ,Shamir Optical Industry ,Safilo Group S.p.A. ,Luxottica Group S.p.A. ,Essilor |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Lens care solutions Contact lens cases Contact lens accessories Contact lens solutions Eye drops |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 9.58% (2024 - 2032) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 2.95(USD Billion) |
MARKET SIZE 2024 | 3.04(USD Billion) |
MARKET SIZE 2032 | 3.9(USD Billion) |
SEGMENTS COVERED | Type ,Usage ,Material ,Application ,Distribution Channel ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Rising prevalence of contact lens usage Increase in dry eye syndrome cases Technological advancements in contact lens materials Growing awareness about contact lens hygiene Expansion into emerging markets |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Alcon Laboratories, Inc. ,Bausch + Lomb Incorporated ,Johnson & Johnson Vision Care, Inc. ,CooperVision, Inc. ,Santen Pharmaceutical Co., Ltd. ,Allergan plc ,Thea Pharmaceuticals S.A. ,Novartis AG ,Horus Pharma ,Seed Co., Ltd. ,Rohto Pharmaceutical Co., Ltd. ,Menicon Co., Ltd. ,Contamac Ltd ,Ophtecs Corporation ,Soleko, Inc. |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Contact lensinduced dry eye Silicone hydrogel contact lens usage Preservativefree contact lens solutions Daily disposable contact lens use Orthokeratology |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.17% (2024 - 2032) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 9.57(USD Billion) |
MARKET SIZE 2024 | 9.84(USD Billion) |
MARKET SIZE 2032 | 12.31(USD Billion) |
SEGMENTS COVERED | Type ,Application ,Packaging ,Ingredients ,End User ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Growing prevalence of eye disorders Rising disposable income Technological advancements Increasing demand for daily disposable contact lenses Growing awareness of eye health |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Alcon ,Bausch + Lomb ,CooperVision ,Essilor ,Johnson & Johnson Vision Care ,Menicon ,Novartis ,Ocular Sciences ,POLYZOOM ,Samil ,Seed Co. ,SynergEyes ,Thea Pharmaceuticals ,Titan Pharmaceuticals ,Visioneering Technologies |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | 1 Growing demand for daily disposable lenses 2 Increasing prevalence of myopia and hyperopia 3 Technological advancements in contact lens care 4 Rising awareness of eye health and hygiene 5 Expansion of ecommerce for contact lens care products |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 2.83% (2024 - 2032) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2023 |
REGIONS COVERED | North America, Europe, APAC, South America, MEA |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2024 | 8.31(USD Billion) |
MARKET SIZE 2025 | 8.63(USD Billion) |
MARKET SIZE 2035 | 12.5(USD Billion) |
SEGMENTS COVERED | Lens Type, Wearing Schedule, Material Type, Distribution Channel, Regional |
COUNTRIES COVERED | US, Canada, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC, Brazil, Mexico, Argentina, Rest of South America, GCC, South Africa, Rest of MEA |
KEY MARKET DYNAMICS | Technological advancements in lenses, Increasing prevalence of myopia, Rising demand for comfortable wear, Growth in aging population, Expanding distribution channels |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Nicox, Cantor & Nissel, Alcon, Mojo Vision, Sun Pharma, Contact Lens Solutions, Johnson & Johnson Vision, Menicon, Carl Zeiss AG, EssilorLuxottica, CooperVision, Oculus Optikgeräte GmbH, Sifi Medtech, Bausch + Lomb, Hoya Corporation |
MARKET FORECAST PERIOD | 2025 - 2035 |
KEY MARKET OPPORTUNITIES | Increasing demand for daily disposables, Rising popularity of cosmetic lenses, Technological advancements in materials, Growth in myopia prevalence, Expansion in emerging markets |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 3.8% (2025 - 2035) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 3.29(USD Billion) |
MARKET SIZE 2024 | 3.56(USD Billion) |
MARKET SIZE 2032 | 6.8(USD Billion) |
SEGMENTS COVERED | Material, Usage, Design, Application, Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Rising demand for contact lenses Increasing prevalence of eye disorders Technological advancements Growing awareness of eye care and Ecommerce penetration |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Silicone Laboratories, Oculus, Paragon Vision Sciences, Nichiacon, CooperVision, Mark'Ennovy, CorneaGen, Contamac, Hoya Corporation, Johnson & Johnson Vision Care, Inc, B&L, EssilorLuxottica, Sauflon, Menicon Co., Ltd, Hydron |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Increasing demand for corrective lenses Rising prevalence of myopia Technological advancements in lens materials Growing acceptance of colored contact lenses Expanding application in medical devices |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.41% (2025 - 2032) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2023 |
REGIONS COVERED | North America, Europe, APAC, South America, MEA |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2024 | 3,400(USD Million) |
MARKET SIZE 2025 | 3,600(USD Million) |
MARKET SIZE 2035 | 5.8(USD Billion) |
SEGMENTS COVERED | Type, Material, Prescription Type, Distribution Channel, Regional |
COUNTRIES COVERED | US, Canada, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC, Brazil, Mexico, Argentina, Rest of South America, GCC, South Africa, Rest of MEA |
KEY MARKET DYNAMICS | rising myopia prevalence, increasing aesthetic preferences, advancements in lens technology, growing geriatric population, expanding e-commerce channels |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Hoya, Systane, CooperVision, Gauss Interferometry, Alcon, EssilorLuxottica, Turanha, Acuvue, Clearlab, Johnson & Johnson, Carl Zeiss, Kirkland Signature, Menicon, SynergEyes, Bausch + Lomb |
MARKET FORECAST PERIOD | 2025 - 2035 |
KEY MARKET OPPORTUNITIES | Rising demand for personalized vision correction, Growing geriatric population needing vision aids, Innovations in lens materials and technology, Increasing awareness of eye health, Expansion in emerging markets. |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.9% (2025 - 2035) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2023 |
REGIONS COVERED | North America, Europe, APAC, South America, MEA |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2024 | 800(USD Million) |
MARKET SIZE 2025 | 800(USD Million) |
MARKET SIZE 2035 | 1,500(USD Million) |
SEGMENTS COVERED | Application, Material Type, Wearing Schedule, End User, Regional |
COUNTRIES COVERED | US, Canada, Germany, UK, France, Russia, Italy, Spain, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of APAC, Brazil, Mexico, Argentina, Rest of South America, GCC, South Africa, Rest of MEA |
KEY MARKET DYNAMICS | Increasing prevalence of eye disorders, Rising demand for comfort in lenses, Technological advancements in materials, Growing aging population, Expansion of healthcare infrastructure |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | SofLens, CooperVision, Abbott Medical Optics, Alcon, EssilorLuxottica, Optometry Giving Sight, Hoya Corporation, Johnson & Johnson, Keratoconus Contact Lens, CIBA Vision, Menicon, Carl Zeiss AG, Bausch + Lomb |
MARKET FORECAST PERIOD | 2025 - 2035 |
KEY MARKET OPPORTUNITIES | Increasing prevalence of eye disorders, Rising demand for advanced ocular therapies, Growth in geriatric population, Expansion of online sales channels, Innovations in lens materials and technology |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.9% (2025 - 2035) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 1.51(USD Billion) |
MARKET SIZE 2024 | 1.54(USD Billion) |
MARKET SIZE 2032 | 1.8(USD Billion) |
SEGMENTS COVERED | Product Type, Usage, Packaging, Distribution Channel, Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Increased contact lens adoption Growing prevalence of dry eye syndrome Technological advancements Rising disposable income Ecommerce penetration |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | CooperVision, Inc., Bausch & Lomb Incorporated, The Vision Care Institute, Johnson & Johnson Vision Care, Inc., Menicon Co., Ltd., Novartis AG, Alcon Laboratories, Inc., Visufarma Srl, EssilorLuxottica, Ocular Sciences, Inc., PFIZER INC., Santen Pharmaceutical Co., Ltd., CIBA Vision Corporation, Syneos Health, Fannin Innovation |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Increase in contact lens usage Growing awareness of eye health Technological advancements Expanding distribution channels Rising disposable income |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 1.95% (2025 - 2032) |
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 6.36(USD Billion) |
MARKET SIZE 2024 | 7.44(USD Billion) |
MARKET SIZE 2032 | 26.0(USD Billion) |
SEGMENTS COVERED | Corrective Lens Type ,Application ,Lens Design ,Material ,Technology ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | 1 Increasing prevalence of eye disorders 2 Technological advancements 3 Government initiatives 4 Growing awareness 5 Expanding reimbursement policies |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | X-Sight ,Mojo Vision ,Samsung ,Johnson & Johnson ,Alcon ,CooperVision ,EssilorLuxottica ,Google ,MicroLEDs ,Oculus VR ,Magic Leap |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Cornealreshaping for vision correction Restoring vision in patients with retinal diseases Improving vision in patients with low vision Customised contact lenses Advanced drug delivery |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 16.94% (2024 - 2032) |
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The GCC contact lens industry size reached a valuation of US$ 227.1 million in 2023. Demand for contact lenses is anticipated to record a y-o-y growth of 6.2% in 2024.The industry is expected to reach US$ 241.1 million by 2024. Over the projection period 2024 to 2034.
Attributes | Key Insights |
---|---|
GCC Contact Lens Industry Anticipated Size (2023A) | US$ 227.1 million |
GCC Contact Lens Industry Estimated Size (2024E) | US$ 241.1 million |
GCC Contact Lens Industry Projected Valuation (2034F) | US$ 452.6 million |
GCC Contact Lens Industry Value-based CAGR (2024 to 2034) | 6.5% |
2019 to 2023 GCC Contact Lens Industry Analysis Compared to 2024 to 2034
Historical CAGR (2019 to 2023) | 4.7% |
---|---|
Forecast CAGR (2024 to 2034) | 6.5% |
Country-wise Insights
Country | CAGR (2024 to 2034) |
---|---|
United Arab Emirates | 6.8% |
Kingdom of Saudi Arabia | 4.0% |
Bahrain | 12.2% |
Qatar | 5.2% |
Kuwait | 9.4% |
Category-wise Insights
Product Type | Gas Permeable |
---|---|
CAGR (2024 to 2034) | 7.1% |
Design Type | Cosmetic |
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CAGR (2024 to 2034) | 12.3% |
Sales Channel | Luxury Boutiques |
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CAGR (2024 to 2034) | 9.2% |
Scope of the GCC Contact Lens Industry Research Report
Attribute | Details |
---|---|
GCC Contact Lens Industry Value in 2024 | US$ 241.1 million |
GCC Contact Lens Industry Value in 2034 | US$ 452.6 million |
Anticipated Growth Rate of GCC Contact Lens Industry (2024 to 2034) | 6.5% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
GCC Contact Lens Industry Analysis | US$ million for Value |
Key Regions Covered |
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Key Countries Covered |
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Key Segments Covered |
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Key Companies Profiled in GCC Contact Lens Industry Report |
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Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities, and Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |