Disposable Contact Lenses Market

Disposable Contact Lenses Market Snapshot

The Disposable Contact Lenses Market is likely to hold the global market at a moderate CAGR of ~9.2% during the forecast period. The global market holds a forecasted revenue of ~US$ 6.88 Million in 2022 and is likely to cross ~US$ 16.5 Million by the end of 2032.

The disposable contact lenses market is anticipated to show promising growth prospects during the forecast period, expanding the global disposable contact lenses market size.

Contact lenses are used to reduce the refractive errors of eyes and compensate the visual acuity. Contact lenses are the best alternative for the glasses, which are not ideal for the active physical work. Glasses are sometimes like a burden, they need careful handling and are vulnerable to damage.

Optometrists recommend contact lenses to deal with eyesight issues and to lessen the likelihood of complications developing and developing terrible vision. The disposable contact lenses are the most popular option available to customers. These are much durable, fit well on eye lenses, giving comfort and are easy to remove and wear.

Increasing use of digital devices due to work and changing lifestyle are the main reason that eye sights are getting worse, and many people require glasses to reduce errors and blurry vision. Using these lenses can help in redness of eyes, swelling, dryness and tiredness of eyes. Due to their robust and wide uses, disposable contact lenses are getting popular among users.

Being a hassle free, durable and flexible alternative to eye glasses, disposable contact lenses are observing growth in market.

Contact lenses are commonly used by people who do not like wearing glasses, as they are uncomfortable or look shabby. There are number of eye sight disorders like myopia, Hyperopia, Presbyopia and others. To reduce the discomfort and bad vision due to these complications and avoiding further complications, people are choosing contact lenses. Now-a-days, silicon based contact lenses, like silicon hydrogel are gaining popularity. There are different developments and technological advancements that are making these lenses more durable, comfortable and lightweight. As the number of people with eyesight problems is increasing, the contact lenses market will also see surge.

Along with being a cure to sight disorders, these contact lenses are customisable, allowing the user to change colour of their eyes. There are different coloured lenses, helping people to temporarily improve or completely change their lens colour, as a fashion trend, are very popular among fashion enthusiast.

Injuries and hazards due to improper use and the cost of lenses are the restraining factors for the disposable contact lenses market.

Disposable contact lenses are facing restraints like, excess use of these lenses can cause irritation and redness of eyes. If they are not properly cleaned and stores, there might be microbial contamination, which will cause infection to the eyes. There are also chances, if the lenses are not removed before sleeping, they might cause septic and lead to severe injury to eyes. The contact lenses require prescription, as they are classified as class B medical product. Due to the regulation from government in some countries, there are limitation to their sell, and users have to get a prescription to get them.

The lenses are mainly used to reduce blurry vision and help in discomfort, but, availability of glasses, which are cheaper option to the lenses is reducing sells. Many people are choosing glasses over contact lenses, as they are another fashionable alternative to the contact lenses. Along with these facts, different surgeries helping with permanent cure of eye sight problems are another restrain to the disposable contact lenses market. These are some main restraints to the disposable contact lenses market.

Sneha Verghese

Principal Consultant

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Regional Insights

Disposable contact lenses are a fashion trend in the Asia Pacific region.

Asia Pacific region is showing the highest demand for the disposable contact lenses. These lenses are popular in the countries like china and japan, due to their customisable colours. There are fashion trends in these countries where people are changing their eye colour to match for a theme of festival or a venue. Increasing disposable income is another factor that is increasing the disposable contact lenses market in the region.

North American market is influenced by the adverts and increasing awareness of eye health.

North America is showing significant growth in disposable contact lenses market. These contacts are observing increased popularity due to promotion of these products by celebrities in movies and adverts, changing fashion and lifestyle and high income of the residents of the countries in this region. Increase in awareness of eye protection and safety is also helping in growth of the market.

Competitive Landscape

Some key players in the Disposable Contact Lenses Market are The Cooper Companies, Inc., Novartis International AG, Johnson & Johnson, Bausch Health Companies Inc., Blanchard Lab, ZEISS International, Alcon Company, Hoya Corporation and others.

• Bausch Lomb have introduced a new hydrogel based contact lens, in early 2022, which is a one-day disposable type of contact lens. The lens is designed with ComfertFeel technology, by which lens releases moisturizers, osmoprotectants and electrolytes, keeping eyes protected and moist, for comfortable all day use.
• Alcon launched a disposable lens product for astigmatism patients, named ‘Precision 1’, in January 2021. The lenses are designed for long lasting comfort, with a thin and precise tear film on the surface of the lens. There are markings on the lens, aiding the user for wearing lenses without any problem.

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Scope of Report

Key Segments Profiled in the Disposable Contact Lenses Market

By Product Type:

• Corrective
• Cosmetic Lens
• Prosthetic Lens
• Therapeutic Lens

By Design:

• Toric
• Spherical
• Bifocal
• Multifocal

By Material Type:

• Hydrogel
• Polymers

By Usage:

• Daily
• Weekly
• Monthly
• Yearly

By Distribution Channel:

• Multi-brand Stores
• Optical Stores
• Independent Stores
• Online Store
• Other Sales Channel

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania