The global disposable contact lenses market is poised for robust growth, projected to reach a value of USD 16.5 million by 2032, up from USD 6.88 million in 2022. This growth represents a compound annual growth rate (CAGR) of 9.2% during the forecast period, according to a new market report.
The demand for disposable contact lenses is increasing rapidly as more consumers seek alternatives to traditional eyeglasses, particularly due to the comfort, convenience, and durability these lenses provide. As a solution to refractive errors like myopia, hyperopia, and presbyopia, disposable lenses offer a flexible, lightweight, and easy-to-use option for individuals who are active or prefer not to wear glasses.
Key Growth Drivers
- Increase in Eye Health Concerns: The growing prevalence of visual impairments due to the excessive use of digital devices, changing lifestyles, and aging populations is fueling the demand for corrective eyewear. Disposable contact lenses are becoming the go-to choice for those looking for convenience and effectiveness.
- Comfort and Convenience: Disposable lenses are more comfortable than traditional contact lenses, and with advancements in technology, they have become more breathable, providing greater comfort, especially for individuals with sensitive eyes. Unlike glasses, they are less likely to fog up and are more suitable for active individuals.
- Fashion Trends: Increasing interest in cosmetic contact lenses, including those that change eye color for fashion purposes, is another factor propelling market growth. In regions like Asia Pacific, the trend of using color lenses during festivals and special occasions is particularly strong.
- Technological Advancements: Advances in materials, such as silicon-based hydrogel lenses, are making disposable contacts more durable, lightweight, and comfortable, further enhancing their appeal.
Regional Insights
- Asia Pacific: Countries like China and Japan are experiencing high demand for disposable contact lenses, fueled by fashion trends and rising disposable incomes.
- North America: The United States is seeing significant growth, driven by increased awareness of eye health, high-income levels, and celebrity endorsements.
Market Challenges
While the disposable contact lenses market is growing, there are certain challenges that may hinder its growth:
- Eye Health Risks: Prolonged or improper use of disposable lenses, such as not cleaning or storing them properly, can lead to eye irritation, infections, and other complications. This underscores the importance of proper care and adherence to eye health guidelines.
- Cost and Competition: Disposable contact lenses are often more expensive than traditional glasses, and the availability of cheaper alternatives like eyeglasses and corrective surgeries may slow their adoption in some markets.
- Regulatory Limitations: In some regions, the sale of contact lenses is restricted to prescription-only sales, which may impact the availability of lenses and hinder market growth in these areas.
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.
Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
