Soft Contact Lenses Market

Soft Contact Lenses Market Size Survey Report – In a Glance

As per the survey report on global Soft Contact Lenses market, the market is projected to foresee a CAGR of 6.3% between 2024-2033, and further generate a market size of USD 23 billion by the end of 2033. In the year 2023, the market size was valued at USD 10 billion.

• The global Soft Contact Lenses market is projected to grow on account of the Increasing Demand for Vision Correction.
• In Japan, the Soft Contact Lenses market growth can be attributed to the Rising Technological Advancements.
• KDMI analyst’s growth analysis foresees Regulatory Challenges to challenge the market growth.
• The Asia Pacific Soft Contact Lenses market is projected to dominate the global market.

Soft Contact Lenses Market Analysis

Soft contact lenses are thin, flexible, and breathable optical devices that are designed to be placed directly on the cornea of the eye. They are made up of water-absorbing plastics such as hydrogels or silicone hydrogels that allow oxygen to pass through the cornea. This passing of oxygen ensures comfort and maintains eye health. Soft contact lenses take up the shape of the eye, providing clear vision correction for conditions like nearsightedness, farsightedness, astigmatism, and presbyopia. They are popular due to their comfort, ease of adaptation, and suitability for daily wearing purposes. With increasing graph of vision disorders such as myopia and astigmatism on the other hand the growing awareness about the convenience and comfort offered by soft contact lenses, there is a rising adoption of soft contact lenses among consumers who are looking for alternatives to traditional eyeglasses for clearer and more natural vision. Surveys indicating increasing consumer preference for contact lenses over traditional eyeglasses for vision correction, driving the market growth. CooperVision, Bausch and Lomb, and Alcon are some of the significant parties in the global market for Soft Contact Lenses.

Analyst’s Observation on Japan Soft Contact Lenses Market Survey

In Japan, the market growth for Soft Contact Lenses can be attributed to the Rising Technological Advancements. Rising innovations in lens materials, designs, and manufacturing processes have significantly improved various lens factors such as comfort, durability, and visual acuity for users. This technological progress has enhanced the effectiveness of soft contact lenses, driving their adoption among consumers seeking high-performance vision correction solutions. Specific technological advancements such as silicone hydrogel materials, which improve oxygen permeability and comfort are driving the market growth. Menicon Co., Ltd. Hoya Corporation and SEED Co., Ltd. are some of the significant parties in the market for Soft Contact Lenses in Japan.

Soft Contact Lenses Market Growth Drivers and Challenges

Increasing Demand for Vision Correction:

 The growing prevalence of myopia and presbyopia globally drives demand for soft contact lenses, especially multifocal and toric lenses, demand has increased drastically due to various vision correction needs that are being corrected easily by these kinds of lenses.

Health and Hygiene Concerns:

Despite advancements, concerns about eye infections and discomfort associated with extended wear keeps on impacting consumer confidence and the adoption rates usually in less developed regions with inadequate hygiene practices.

Soft Contact Lenses Market Segmentation

Our experts at KD Market Insights have segmented the global Soft Contact Lenses market research report as:

Soft Contact Lenses Market Regional Synopsis

The Asia Pacific Soft Contact Lenses market is majorly driven by rising awareness and adoption of vision correction options, particularly among the expanding middle-class populations in countries such as China, India, and Southeast Asian nations. This is fueled by increasing disposable incomes and a greater emphasis on personal grooming and healthcare. Advancements in technology and healthcare infrastructure in these regions are facilitating easier access to eye care solutions, rising market demand. As a result, the Asia Pacific region is emerging as a significant market for soft contact lenses, driven by both demographic trends and improving healthcare access. According to data, the prevalence of myopia and other vision disorders among young adults is higher among Asian (6.8%–21.6%) compared with non-Asian populations (2.0%–2.3%) driving the demand for vision correction products like soft contact lenses.

As per our analysts at KD Market Insights, the following five players lead the Asia Pacific Soft Contact Lenses market growth:

• Menicon Co., Ltd.
• SEED Co., Ltd.
• Bausch and Lomb
• CooperVision
• Tsubota Co., Ltd.

Soft Contact Lenses Market Competitive Landscape

Some of the key players who top the global Soft Contact Lenses market share:

• CooperVision
• Bausch and Lomb
• Alcon
• Acuvue
• Hoya Corp
• Essilor Luxottica
• Freshlook
• Johnson and Johnson Vision
• Dailies
• Modi Optics

Soft Contact Lenses Market Recent Developments

• Alcon launched the TOTAL30 multifocal lenses for patients suffering from presbyopia. The lenses will be distributed in the U.S. and some international markets.
• Bausch + Lomb launched Multifocal Silicone Hydrogel lenses, Bausch + Lomb INFUSE, in the U.S. market. It is a daily disposable lens that provides clear vision for patients with presbyopia.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Soft Contact Lenses Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Product Type
      2. By design
      3. By Material
      4. By Application
      5. By End-Use
      6. By Region

1. Market Segmentation by Product Type
   1.  Daily Wear Contacts Lens
   2.  Extended Wear Contacts Lens
   3.  Toric Contacts Lens
   4.  Colored Contacts Lens
   5.  Decorative Contacts Lens
   6.  Others
2. Market Segmentation by Design
   1. Monovision
   2.  Spherical
   3.  Multifocal
   4.  Toric
3. Market Segmentation by Material
   1. PMMA
   2.  Hybrid
   3. Silicone Hydrogel
4. Market Segmentation by Application
   1. Orthokeratology
   2.  Decorative Lenses
5. Market Segmentation by End-Use
   1. Hospital
   2.  E-Commercial Stores
   3.  Ophthalmic Diagnoses Center
   4. Others
6. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Product Type, By Design, By Material, By Application, and By End-Use
7. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. CooperVision
      2. Bausch and Lomb
      3. Alcon
      4. Acuvue
      5. Hoya Corp
      6. Essilor Luxottica
      7. Freshlook
      8. Johnson and Johnson Vision
      9. Dailies
      10. Modi Optics
8. Strategic Recommendations
9. Appendix
   1. List of Tables
   2. List of Figures
10. References