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THE GLOBAL DISPOSABLE CONTACT LENSES MARKET WAS VALUED AT USD 7.98 BILLION IN 2023 AND IS EXPECTED TO REACH USD 13.45 BILLION BY 2029, GROWING AT A CAGR OF 9.10% DURING THE FORECAST PERIOD.
The Disposable Contact Lenses Market Size, Share & Trend Analysis Report By
- Usage Type: Daily Disposable or Dailies and Frequent Replacement/ Planned or Extended Wear
- Material: Silicone Hydrogel and Hydrogel
- Applications: Corrective, Therapeutics, and Cosmetic
- Design: Spherical, Toric, and Multifocal
- Distribution Channel: Retail Optical Stores, Hospitals & Ophthalmology Clinics, and Online Stores
- Geography: North America, Europe, APAC, Latin America, and Middle East & Africa
Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2024–2029.
This report includes market data points, ranging from trend
analyses to market estimates & forecasts that you can customize
DISPOSABLE CONTACT LENSES MARKET REPORT SCOPE
REPORT ATTRIBUTE | DETAILS |
---|---|
Market Size (2029) | USD 13.45 Billion |
Market Size (2023) | USD 7.98 Billion |
CAGR (2023-2029) | 9.10% |
HISTORIC YEAR | 2020-2022 |
BASE YEAR | 2023 |
FORECAST YEAR | 2024-2029 |
MARKET SEGMENTS BY | Usage Type, Material, Application, Design, Distribution Channel and Geography |
GEOGRAPHIC ANALYSIS | North America, Europe, APAC, Latin America, and Middle East & Africa |
KEY PLAYERS | Alcon, Bausch + Lomb, Johnson & Johnson, and The Cooper Companies |
MARKET INSIGHTS
The global disposable contact lenses market size was valued at USD 7.98 billion in 2023 and is expected to reach USD 13.45 billion by 2029, growing at a CAGR of 9.10% during the forecast period. The market is primarily driven by the increasing prevalence of eye diseases that can be treated with disposable contact lenses, such as myopia, presbyopia, hyperopia, Astigmatism, and dry eye diseases. Furthermore, the rising screen time and growing preference for color cosmetic lenses with beauty and fashion trends boost the market growth. The shift from reusable to disposable contact lenses and the rising craze for contact lenses among young and adults for corrective and therapeutic purposes further deliver lucrative market growth opportunities. Moreover, the growing awareness and acceptance of disposable contact lenses in developing countries will create huge market growth in the coming years.
KEY TAKEAWAYS
- Market Growth: The global disposable contact lenses market was valued at USD 7.98 billion in 2023 and is expected to reach USD 13.45 billion by 2029, growing at a CAGR of 9.10% during the forecast period.
- By Usage Type: The daily disposable or dailies segment holds the largest market share as they are thinner, usually more comfortable, and breathable.
- By Material: The silicone hydrogel segment accounted for the largest market share. It is used in daily, weekly, and monthly disposable contact lenses, helping reduce the tradeoff between oxygen permeability and wettability.
- By Application: The cosmetics segment shows the highest growth as the beauty and fashion trends evolve rapidly globally.
- By Design: The spherical segment holds the largest market share due to the increasing number of myopia, presbyopia, and hyperopia patients.
- By Distribution Channel: The online store segment is the fastest-growing distribution channel for contact lenses due to the high acceptance of this distribution channel by the targeted adult population worldwide.
- By Geography: APAC accounted for the second largest market share & shows the highest growth due to the increasing prevalence of myopia.
- Growth Factor: The global disposable contact lenses market is set to grow due to the rising number of eye diseases and the increasing screen time people spend.
RECENT VENDORS ACTIVITIES
- In 2024, one of the leading companies in disposable contact lenses, Bausch & Lomb, introduced INFUSE – for Astigmatism daily disposable contact lenses that help treat astigmatism and blurred vision and dryness conditions.
- In 2023, Bausch and Lomb launched a silicon hydrogel-based INFUSE Multifocal disposable contact lens to treat presbyopia and near vision issues. The company features this product with silicon hydrogel, a next-generation material infused with ProBalance technology for all-day comfort, and the company’s 3-Zone Progression Design.
- In 2023, Hubble Contacts, one of the emerging vendors, launched the SkyHy disposable contact lens. This is the company’s first silicon hydrogel-based disposable contact lens, offering high oxygen flow to the eyes and delivering optimal eye health. In addition, this product offers low rigidity and a smart multi-curvature edge that helps to maintain lens stability.
- In 2022, The Comooper Companies - CooperVision announced that the company’s full product portfolio of silicon hydrogel 1-day contact lenses is net plastic neutral. With this initiative, the company is expanding its leadership in sustainability. Furthermore, the company’s MyDay Daily Disposable contact lenses portfolio joined that clarity-1 day portfolio, which was the first net plastic neutral contact lens.
- In 2022, the US Food & Drug Administration (FDA) approved Johnson & Johnson Acuvue Theravision with Ketotifen daily disposable contact lens. Also, it is the first drug-eluting disposable contact lens on the market.
MARKET TRENDS & DRIVERS
Advancements in Disposable Contact Lenses
The disposable contact lens industry is evolving rapidly regarding technological advancement, the material used, and design. The development of silicon hydrogel material significantly transformed the overall disposable contact lens market, and the development of multifocal disposable contact lens design are some leading advancements that transformed the market growth. However, in recent years, new developments have been registered in the market that offer potential market growth opportunities. Some recent developments include the development of drug-eluting disposable contact lenses and smart contact lenses. In 2022, Johnson & Johnson – a leading company in vision care, received the US FDS approval for its world’s first drug-eluting disposable contact lens - Acuvue Theravision. Also, SENSIMED, a disposable contact lens manufacturing company, recently developed a smart disposable contact lens known as Sensimed Triggerfish.
Beauty & Fashion Trends and Disposable Colour Cosmetic Lens
Globally, the rapidly evolving beauty and fashion trend attracts a significant young and adult population. In addition, the COVID-19 pandemic significantly improved knowledge and awareness about these trends and delivered significant opportunities for premium price and color cosmetic contact lenses. In addition, the increasing use of smartphones, social media applications, and the internet are significantly driving this trend. It creates scope for color and cosmetic disposable contact lenses. Every country has its own beauty and fashion preferences and trends, and eye appearance is considered a major factor. With the increasing availability of color-disposable contact lenses, the market witnessed significant revenue growth opportunities in the post-pandemic era.
Increase in Target Patient Population and Number of Eye Diseases
Disposable contact lenses are commonly used to treat near-sightedness, myopia, hyperopia, astigmatisms, and presbyopia. In addition, disposable contact lenses are clinically proven to support UV protection from blue light and drug eye conditions. Around 2.2 billion people will globally have near or distant vision impairment due to uncorrected refractive errors and cataracts in 2023. More than 1 billion cases of vision impairment could have been prevented if diagnosed. Apart from that, 130 million cases of unaddressed refractive error, around 70 to 100 million cataract cases, and 10 million glaucoma cases are in demand for eye care solutions. Cataracts, glaucoma, and diabetic retinopathy are some of the severe eye conditions that cannot be directly treated with disposable contact lenses. However, their use can decrease their impact and reduce their progression toward vision impairment and vision loss.
INDUSTRY RESTRAINTS
Side Effects Associated with Disposable Contact Lens
Disposable Contact Lenses have been widely used recently, and their popularity drives the market growth. However, the complications associated with disposable contact lenses hampered the market growth. Some of the severe complications are corneal neovascularization, Corneal abrasions, and infectious keratitis. Corneal Neovascularization, in which contact lenses reduce the transmission of the oxygen that the cornea receives from the eye surface, is known as hypoxia. It can lead to swelling of the cornea. So, it increases blood vessel growth due to the shortage of oxygen transmission. This is called neovascularization. It resulted in the blood vessels growing into the eye center, which might cause vision loss. Corneal Abrasion is one more severe disadvantage of contact lenses associated with poorly fitting contact lenses. During lens insertion and removal time, contact lenses can cause painful scratches on the cornea. In this situation, a person can go to the hospital and take suggestions from professionals. Infectious Keratitis is the most serious complication experienced among contact lens users; it is a cornea infection known as a Corneal Ulcer.
SEGMENTATION INSIGHTS
INSIGHTS BY USAGE TYPE
The global disposable contact lenses market by usage type is segmented into daily disposable or dailies and frequent replacement/ planned or extended wear. The daily disposable or dailies dominate with the largest market share in 2023. Daily disposable contact lenses are the most preferred choice among global consumers. These contact lens pairs are thinner and are usually more comfortable and breathable. The properties of high oxygen transmission to the eye cornea accelerate its usage. Daily disposable contact lenses are mostly preferred by new users and young consumers, who are major targeted populations for disposable contact lenses. Daily disposable contact lenses are rapidly growing with the evolving beauty and fashion trends worldwide. Furthermore, the increasing popularity of daily disposable contact lenses for teenagers and adults in Hollywood and Bollywood actresses/actors shows great attention to these trends that majorly support segmental growth.
INSIGHTS BY MATERIAL
The global disposable contact lenses market by material is categorized into silicone and hydrogels. The silicone hydrogel accounted for the largest market share. Using silicone hydrogel-based disposable contact lenses helps reduce the tradeoff between oxygen permeability and wettability. The combination of silicone and hydrogel supports increased oxygen permeability with a low volume of water. It has become a major choice among disposable contact lens manufacturers. Silicone hydrogel in disposable contact lenses generally improves comfort and allows longer wear (as per the eye professionals). Silicone hydrogels eliminate side effects and injuries such as red eyes, swollen cornea, and blurred vision. Due to this, prescriptions for silicone hydrogel-based disposable contact lenses increased in recent years.
INSIGHTS BY APPLICATION
The global disposable contact lenses market by application is segmented into corrective, therapeutics, and cosmetic. The cosmetic segment shows significant growth, with the fastest-growing CAGR of 10.24% during the forecast period. The segment is rapidly growing as beauty and fashion trends evolve rapidly globally. The growing number of smartphone users, e-commerce channels for shopping experiences, social media, and internet users are widely influenced by disposable color contact lenses. Color disposable contact lenses have become more popular among celebrities, sportspeople, film industry actors/actresses, and social media influencers, helping the segment grow.
INSIGHTS BY DESIGN
Based on the design, the spherical segment holds the largest global disposable contact lenses market share, accounting for over 63% in 2023. The increased prevalence of various eye diseases drives the demand for diagnosis and effective treatments. Around 1 billion people in the global population suffer from eye diseases. The rising prevalence of these conditions is accelerating the demand for disposable contact lenses. Spherical contact lenses provide constant curvature and power across the lens surface, which helps to decrease blurred vision, help to increase and improve depth perception, provide vision care, and enhance contrast sensitivity. Spherical disposable contact lenses help spread light across the lens surface equally, effectively managing vision impairment conditions. The available potential patient population with myopia, presbyopia, and hyperopia fuels the segmental growth.
INSIGHTS BY DISTRIBUTION CHANNEL
Based on the distribution channel, the online stores show significant growth, with the fastest-growing CAGR during the forecast period. According to the Vision Council Report 2022, online sales channels are the fastest-growing distribution channels for contact lenses due to the high acceptance of these distribution channels by the targeted adult population worldwide. Different brands are available in online stores with affordable prices, which widely influences the selection of online stores for contact lenses. Overall, information about contact lenses is available on online sales channels. One-fifth of contact lens wearers buy their contact lenses online, and one-fifth of consumers use internet search as a window to shop for contact lenses, thus helping segmental growth.
GEOGRAPHICAL ANALYSIS
APAC accounted for the second-largest market share & shows the highest growth in the global disposable contact lenses market. With the increase in myopia, especially in Asia, the region is seeing a continued rise in the use of contact lenses. The increasing prevalence of myopia, presbyopia, astigmatism, and associated management strategies have raised the prospect of various interventions, including contact lens approaches in the region. In APAC, high-income countries have the highest myopia prevalence, and by 2050, it is expected to reach 66.5%, followed by East and Southeast Asian countries, which is paving the way for market growth.
COMPETITIVE LANDSCAPE
The global disposable contact lenses market report includes exclusive data on 19 vendors. The market is highly fragmented, and some major companies dominate it; however, new entrants have significant growth opportunities. Though the market is dominated by major players, many investigational and small companies are coming into existence with innovative disposable contact lenses and associated technologies. Alcon, Bausch + Lomb, Johnson & Johnson, and The Cooper Companies are some leading companies accounting for the major market share in the global disposable contact lenses market. These vendors are continuously expanding with acquisitions of small vendors and are expected to dominate the market with continued engagement in advanced solutions.
SNAPSHOT
The global disposable contact lenses market size is expected to grow at a CAGR of approximately 9.10% from 2023 to 2029.
Base Year: 2023
Forecast Year: 2024-2029
The report considers the present scenario of the global disposable contact lenses and its market dynamics for 2024−2029. It covers a detailed overview of several market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes leading companies and several other prominent companies operating in the market.
VENDORS LIST
Key Vendors
- Alcon
- Business Overview
- Product Offerings
- Bausch + Lomb
- Johnson & Johnson
- The Cooper Companies
Other Prominent Vendors
- Ben Q Material
- Business Overview
- Product Offerings
- Carl Zeiss
- MAXVUE VISION GROUP
- St. Shine Optical Co Ltd.
- Menicon Co. Ltd
- HOYA Corporation
- Ultravision
- Visioneering Technologies, Inc.
- Sensimed
- Aqualens
- SEED Co., Ltd.
- Clerio Vision
- Interejo Co. Ltd.
- Hubble
- Visco Vision
SEGMENTATION & FORECAST
- By Usage Type
- Daily Disposable or Dailies
- Frequent Replacement/ Planned or Extended Wear
- By Material
- Silicone Hydrogel
- Hydrogel
- By Applications
- Corrective
- Therapeutics
- Cosmetic
- By Design
- Spherical
- Toric
- Multifocal
- By Distribution Channel
- Retail Optical Stores
- Hospitals & Ophthalmology Clinics
- Online Stores
- By Geography
- North America
- US
- Canada
- APAC
- Japan
- China
- India
- South Korea
- Australia
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- Turkey
- Saudi Arabia
- South Africa
- UAE
Frequently Asked Questions
What are the key drivers of the global disposable contact lenses market?
How big is the global disposable contact lenses market?
Which region shows the highest growth in the global disposable contact lenses market?
What is the growth rate of the global disposable contact lenses market?
Who are the major players in the global disposable contact lenses market?
Exhibit 1: Projected Revenues of Disposable Contact Lenses Market in Global (2020 – 2029; $ BN)
Exhibit 2: Market Size & Forecast – Daily Disposable or Dailies (2020 – 2029; $ BN)
Exhibit 3: Market Size & Forecast – Frequent Replacement/ Planned or Extended Wear (2020 – 2029; $ BN)
Exhibit 4: Market Size & Forecast – Silicone Hydrogel (2020 – 2029; $ BN)
Exhibit 5: Market Size & Forecast – Hydrogel (2020 – 2029; $ BN)
Exhibit 6: Market Size & Forecast – Corrective (2020 – 2029; $ BN)
Exhibit 7: Market Size & Forecast – Therapeutic (2020 – 2029; $ BN)
Exhibit 8: Market Size & Forecast – Cosmetic (2020 – 2029; $ BN)
Exhibit 9: Market Size & Forecast – Spherical (2020 – 2029; $ BN)
Exhibit 10: Market Size & Forecast – Toric (2020 – 2029; $ BN)
Exhibit 11: Market Size & Forecast – Multifocal (2020 – 2029; $ BN)
Exhibit 12: Market Size & Forecast – Retail Optical Stores (2020 – 2029; $ BN)
Exhibit 13: Market Size & Forecast – Hospitals & Ophthalmology Clinics (2020 – 2029; $ BN)
Exhibit 14: Market Size & Forecast – Online Stores (2020 – 2029; $ BN)
Exhibit 15: Projected Revenues of Disposable Contact Lenses Market in N. America (2020 – 2029; $ BN)
Exhibit 16: Projected Revenues of Disposable Contact Lenses Market in the US (2020 – 2029; $ BN)
Exhibit 17: Projected Revenues of Disposable Contact Lenses Market in Canada (2020 – 2029; $ BN)
Exhibit 18: Projected Revenues of Disposable Contact Lenses Market in APAC (2020 – 2029; $ BN)
Exhibit 19: Projected Revenues of Disposable Contact Lenses Market in Japan (2020 – 2029; $ BN)
Exhibit 20: Projected Revenues of Disposable Contact Lenses Market in China (2020 – 2029; $ BN)
Exhibit 21: Projected Revenues of Disposable Contact Lenses Market in India (2020 – 2029; $ BN)
Exhibit 22: Projected Revenues of Disposable Contact Lenses Market in South Korea (2020 – 2029; $ BN)
Exhibit 23: Projected Revenues of Disposable Contact Lenses Market in Australia (2020 – 2029; $ BN)
Exhibit 24: Projected Revenues of Disposable Contact Lenses Market in Europe (2020 – 2029; $ BN)
Exhibit 25: Projected Revenues of Disposable Contact Lenses Market in Germany (2020 – 2029; $ BN)
Exhibit 26: Projected Revenues of Disposable Contact Lenses Market in France (2020 – 2029; $ BN)
Exhibit 27: Projected Revenues of Disposable Contact Lenses Market in the UK (2020 – 2029; $ BN)
Exhibit 28: Projected Revenues of Disposable Contact Lenses Market in Spain (2020 – 2029; $ BN)
Exhibit 29: Projected Revenues of Disposable Contact Lenses Market in Italy (2020 – 2029; $ BN)
Exhibit 30: Projected Revenues of Disposable Contact Lenses Market in L. America (2020 – 2029; $ BN)
Exhibit 31: Projected Revenues of Disposable Contact Lenses Market in Brazil (2020 – 2029; $ BN)
Exhibit 32: Projected Revenues of Disposable Contact Lenses Market in Mexico (2020 – 2029; $ BN)
Exhibit 33: Projected Revenues of Disposable Contact Lenses Market in Argentina (2020 – 2029; $ BN)
Exhibit 34: Projected Revenues of Disposable Contact Lenses Market in MEA (2020 – 2029; $ MN)
Exhibit 35: Projected Revenues of Disposable Contact Lenses Market in Turkey (2020 – 2029; $ MN)
Exhibit 36: Projected Revenues of Disposable Contact Lenses Market in South Africa (2020 – 2029; $ MN)
Exhibit 37: Projected Revenues of Disposable Contact Lenses Market in Saudi Arabia (2020 – 2029; $ MN)
Exhibit 38: Projected Revenues of Disposable Contact Lenses Market in the UAE (2020 – 2029; $ MN)
Tables
Table 1: Key Market Trends in Disposable Contact Lenses Market
Table 2: Key Market Enablers in Disposable Contact Lenses Market
Table 3: Key Market Constraints in Disposable Contact Lenses Market
Table 4: Strategic Recommendations in Disposable Contact Lenses Market
Table 5: Market Size & Forecast – Global Disposable Contact Lenses Market (2020 – 2029; $ BN)
Table 6: Market Size & Forecast – Global Disposable Contact Lenses Market by Usage (2020 – 2029; $ BN)
Table 7: Market Size & Forecast – Global Disposable Contact Lenses Market by Usage (2020-2029; %)
Table 8: Market Size & Forecast – Global Disposable Contact Lenses Market by Material (2020 – 2029; $ BN)
Table 9: Market Size & Forecast – Global Disposable Contact Lenses Market by Material (2020 – 2029; %)
Table 10: Market Size & Forecast – Global Disposable Contact Lenses Market by Application (2020 – 2029; $ BN)
Table 11: Market Size & Forecast – Global Disposable Contact Lenses Market by Application (2020 – 2029; $ %)
Table 10: Market Size & Forecast – Global Disposable Contact Lenses Market by Design (2020 – 2029; $ BN)
Table 11: Market Size & Forecast – Global Disposable Contact Lenses Market by Design (2020 – 2029; $ %)
Table 12: Market Size & Forecast – Global Disposable Contact Lenses Market by Distribution Channel(2020 – 2029; $ BN)
Table 13: Market Size & Forecast – Global Disposable Contact Lenses Market by Distribution Channel (2020 – 2029; $ %)
Table 14: Market Size & Forecast – Global Disposable Contact Lenses Market by Geography (2020 – 2029; $ BN)
Table 15: Market Size & Forecast – Global Disposable Contact Lenses Market by Geography (2020 – 2029; $ %)
CHAPTER – 1: Disposable Contact Lenses Market Overview
- Executive Summary
- Key Findings
CHAPTER – 2: Disposable Contact Lenses Market Market
- GLOBAL: Projected Revenue of Disposable Contact Lenses Market (2020-2029; $ Billions)
CHAPTER – 3: Disposable Contact Lenses Market Prospects & Opportunities
- Disposable Contact Lenses Market Opportunities & Trends
- Disposable Contact Lenses Market Drivers
- Disposable Contact Lenses Market Constraints
CHAPTER – 4: Disposable Contact Lenses Market Segmentation Data
- GLOBAL: Projected Revenue by Usage (2020-2029; $ Billions)
- Daily Disposable or Dailies
- Frequent Replacement/Planned or Extended Wear
- GLOBAL: Projected Revenue by Material (2020-2029; $ Billions)
- Silicone Hydrogel
- Hydrogel
- GLOBAL: Projected Revenue by Application (2020-2029; $ Billions)
- Corrective
- Therapeutics
- Cosmetic
- GLOBAL: Projected Revenue by Design (2020-2029; $ Billions)
- Spherical
- Toric
- Multifocal
- GLOBAL: Projected Revenue by Distribution Channels (2020-2029; $ Billions)
- Retail Optical Stores
- Hospitals & Ophthalmology Clinics
- Online Stores
CHAPTER – 5: Key Regions Overview
- North America: Projected Revenue of Disposable Contact Lenses Market (2020-2029; $ Billions)
- Projected Revenue of Disposable Contact Lenses Market in the US
- Projected Revenue of Disposable Contact Lenses Market in Canada
- APAC: Projected Revenue of Disposable Contact Lenses Market (2020-2029; $ Billions)
- Projected Revenue of Disposable Contact Lenses Market in Japan
- Projected Revenue of Disposable Contact Lenses Market in China
- Projected Revenue of Disposable Contact Lenses Market in Australia
- Projected Revenue of Disposable Contact Lenses Market in India
- Projected Revenue of Disposable Contact Lenses Market in South Korea
- Europe: Projected Revenue of Disposable Contact Lenses Market (2020-2029; $ Billions)
- Projected Revenue of Disposable Contact Lenses Market in Germany
- Projected Revenue of Disposable Contact Lenses Market in France
- Projected Revenue of Disposable Contact Lenses Market in the UK
- Projected Revenue of Disposable Contact Lenses Market in Spain
- Projected Revenue of Disposable Contact Lenses Market in Italy
- Latin America: Projected Revenue of Disposable Contact Lenses Market (2020-2029; $ Billions)
- Projected Revenue of Disposable Contact Lenses Market in Brazil
- Projected Revenue of Disposable Contact Lenses Market in Mexico
- Projected Revenue of Disposable Contact Lenses Market in Argentina
- Middle East & Africa: Projected Revenue of Disposable Contact Lenses Market (2020-2029; $ Millions)
- Projected Revenue of Disposable Contact Lenses Market in Turkey
- Projected Revenue of Disposable Contact Lenses Market in South Africa
- Projected Revenue of Disposable Contact Lenses Market in Saudi Arabia
- Projected Revenue of Disposable Contact Lenses Market in the UAE
CHAPTER – 6:Disposable Contact Lenses Market Industry Overview
- Disposable Contact Lenses Market - Competitive Landscape
- Disposable Contact Lenses Market– Key Vendor Profiles
- Disposable Contact Lenses Market– Other Prominent Vendors
- Disposable Contact Lenses Market - Key Strategic Recommendations
CHAPTER – 7: Appendix
- Research Methodology
- Abbreviations
- About Arizton
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Frequently Asked Questions
What are the key drivers of the global disposable contact lenses market?
How big is the global disposable contact lenses market?
Which region shows the highest growth in the global disposable contact lenses market?
What is the growth rate of the global disposable contact lenses market?
Who are the major players in the global disposable contact lenses market?