Cosmetic Contact Lenses Market Size & Growth Analysis to 2030

The global cosmetic contact lenses market size is projected to grow at a significant CAGR of 6.78 % market during 2020-2027. The global cosmetic contact lenses market is witnessing positive growth in light of the growing demand for altering the aesthetic appearance. Cosmetic contact lenses have huge demand in the entertainment sector, and innovation in the types of lenses and comfort in usage are the key factors contributing to the demand for cosmetic contact lenses.

Market Insights:

The rising prevalence of eye refractive errors and increasing demand for aesthetic appearance are the key growth factors in the cosmetic contact lens market. In the base year 2019, spherical contact lenses held the largest market in the global cosmetic contact lenses type segment chiefly due to the increasing prevalence of myopia and hypermetropia and it costs less than the surgical treatment. The Toric lens segment is anticipated to grow faster during the forecast period due to increasing cases of astigmatism and its design feature that enables the lens to rotate to the proper orientation on the cornea so the power meridians of the lens align with the appropriate meridians of the eye for clear vision.

The cosmetic contact lenses market is currently dominated by North America due to the increasing number of patients with ophthalmic complications, increasing demand for aesthetic appearance, and high disposable income. On the other hand, Asia Pacific is anticipated to be the fastest-growing market because of deep market penetration due to the presence of multiple players involved in eye care, large patient pool suffering from eye refractive errors and high public awareness.

Market Segment Insights:

The cosmetic contact lenses market is majorly segmented into the design such as spherical contact lenses, toric contact lenses, multifocal lenses, conventional contact lenses, and others. Spherical contact lenses held the largest share in the global cosmetic contact lenses market primarily due to huge patient pool suffering from ophthalmic complications and easy availability of lenses on online/internet sales channel as compared to earlier where they were only available at optometrist office, specialized optical retail stores, physician office, hospitals, and wholesale distributors.

Global Cosmetic Contact Lenses Market Segmentation:

By Type, 2018-2027 ($ Million)

• RGP
• Soft Contact
• Hybrid Contact

By Design, 2018–2027 ($ Million)

• Spherical Contact Lenses
• Toric Contact Lenses
• Multifocal Lenses
• Conventional Contact Lenses
• Others

By Material, 2018-2027 ($ Million)

• Hydrogel
• Polymers

By Distribution Channel, 2018-2027 ($ Million)

• Optical Stores
• Independent Brand Showrooms
• Online Stores
• Retail Stores
• Others

By Geography, 2018-2027 ($ Million)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Regional Insights:

North America, Latin America, Europe, Middle East and Africa and Asia Pacific markets together form the major regional markets for cosmetic contact lenses. These regional markets are further sub-segmented into country specific markets on the basis of demand and market growth of cosmetic contact lenses. Among the considered regional markets, North America currently dominates the global cosmetic contact lenses market, with the United States being the largest country-level market. Increase in the number of patients suffering from ophthalmic complications, rising demand for aesthetic appearance, and high disposable income.  On the other hand, Asia Pacific is anticipated to be the fastest-growing market for cosmetic contact lenses due to the huge population base suffering from eye refractive errors, rising public awareness, and rising market penetration of cosmetic contact lenses due to online availability and regulatory approval for its sale.

Market Competition Assessment:

Key players in the global cosmetic contact lenses market are: Bausch and Lomb, Inc., Ciba Vision (Alcon), Carl Zeiss, CooperVision, Essilor International, X-Cel Specialty Contact, Hoya Vision Care, Johnson and Johnson Vision Care, Inc., and SynergEyes, Inc.

List of Key Companies:

• Bausch & Lomb, Inc.
• Ciba Vision (Alcon)
• Carl Zeiss
• CooperVision
• Essilor International
• X-Cel Specialty Contact
• Hoya Vision Care
• Johnson & Johnson Vision Care, Inc.
• SynergEyes, Inc.

Key Questions Answered by Cosmetic Contact Lenses Market Report

• Global cosmetic contact lenses market forecasts from 2020-2027
• Regional cosmetic contact lenses market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
• Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
• Cosmetic Contact Lenses submarket forecasts from 2020-2027 covering market by type, by design, by material, by distribution channel, and geography
• Various industry models such as SWOT analysis, Pestle Analysis, Porter’s Five Force model, Value Chain Analysis pertaining to the cosmetic contact lenses market
• Analysis of the key factors driving and restraining the growth of the global, regional and country-level cosmetic contact lenses markets from 2020-2027
• Competitive Landscape and market positioning of top 10 players operating in the cosmetic contact lenses market

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