Disposable Contact Lenses Market

Disposable Contact Lenses Market Snapshot (2022 to 2032)

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.

Attribute	Details
The Disposable Contact Lenses Market Estimated Size (2021)	US$ 6.3 Million
The Disposable Contact Lenses Market Estimated Size (2022)	US$ 6.88 Million
The Disposable Contact Lenses Market Projected Size (2032)	US$ 16.5 Million
The Disposable Contact Lenses Market CAGR (2022 to 2032)	9.2%

Contact lenses are used to reduce refractive errors in the eyes and compensate for visual acuity. Contact lenses are the best alternative for glasses, which are not ideal for 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. Disposable contact lenses are the most popular option available to customers. These are much more durable, fit well on eye lenses, give comfort, and are easy to remove and wear.

Increasing use of digital devices due to work and changing lifestyles 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 with redness of eyes, swelling, dryness, and tiredness of the 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 is a number of eyesight disorders like myopia, Hyperopia, Presbyopia and others. To reduce the discomfort and bad vision due to these complications and avoid further complications, people are choosing contact lenses. Nowadays, 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 a surge.

Along with being a cure for sight disorders, these contact lenses are customisable, allowing the user to change the 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 enthusiasts.

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

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

Regional Insights

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

Asia Pacific region is showing the highest demand for disposable contact lenses. These lenses are popular in the countries like china and japan, due to their customizable colors. There are fashion trends in these countries where people are changing their eye color to match a theme of a 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 the disposable contact lenses market. These contacts are observing increased popularity due to the 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. An increase in awareness of eye protection and safety is also helping in the 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 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 the 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.

Scope of Report

Attribute	Details
Growth Rate	CAGR of 9.2% from 2022 to 2032
The base year for estimation	2021
Historical Data Available for	2017 to 2021
Forecast Period	2022 to 2032
Quantitative units	Revenue in USD Million, volume in Units, and CAGR from 2022 to 2032
Report Coverage	Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis
Segments Covered	Product Type, Design, Material Type, Usage, Distribution Channel, Region
Country scope	USA; Canada; Mexico; Germany; United Kingdom; France; Italy; Spain; Russia; India; Thailand; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; United Arab Emirates(UAE); South Africa
Key Companies Profiled	The Cooper Companies Inc. Novartis International AG Johnson & Johnson Bausch Health Companies Inc. Blanchard Lab ZEISS International Alcon Company Hoya Corporation Others
Customization scope	Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs.

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

Frequently Asked Questions

What is the current Disposable Contact Lenses market value?

The Disposable Contact Lenses market is expected to reach a valuation of US$ 6.88 Million in 2022.

What are the key trends driving the Disposable Contact Lenses Market?

Customizable lens colors, making them a fashion trend along with increasing eyesight problems and availability of lenses all over the world are helping the disposable contact lenses market to grow. The regions with populations having high incomes and a better lifestyle are commonly using these lenses instead of eyeglasses.

Who are the leading players in the Disposable Contact Lenses Market?

Leading players operating 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.