Colored Contact Lenses Market Size [2022-2029] | Industry Share, Revenue, Key Players, CAGR, Demand and Forecast

Companies Profiled in the Colored Contact Lenses Market are Johnson & Johnson Services, Coopervision, Bausch & Lomb, Alcon, Innovision Lens, VIEWELL.INC, Grandvision, QualiMed

Pune, India, Sept. 29, 2022 (GLOBE NEWSWIRE) -- The global colored contact lenses market size is expected to gain momentum owing to the increasing adoption of cosmetic lenses during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Colored Contact Lenses Market, 2021-2028.” They are mostly used for aesthetic purposes and are available in a variety of colors and sizes. The demand for the product has increased due to the growing relevance of aesthetic value among the younger generation. The product's demand is rising considerably due to the increasing effect of social media presence. Due to technological advancements, artificial lenses now have a more natural appearance.

Industry Development-

  • June 2019: Alcon launched colored contact lenses called DAILES for its customers.

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Report Scope

Report CoverageDetails
Forecast Period2022 to 2029
Base Year2021
Historical Data for2018 to 2020

What does the Report Offer?

The colored contact lenses consist of numerous sub-segments Identifies, describes, and analyses the manufacturers' sales volume, value, market share, competitive market landscape, SWOT analysis, and growth plans for the next few years.

Drivers & Restraints-

Increasing Numbers of Eye Disorders to Stimulate Growth

The global colored contact lenses market growth is expected to grow due to the increasing numbers of eye disorders during the projected period. Refractive error, cataracts, and eye problems are all conditions that can cause visual impairment or blindness. An increase in smoking, ultra violet exposure, or natural factors are some of the causes of such diseases. One of the key causes of the growth in eye problems among the youth is the increased use of digital gadgets such as game consoles, laptops, and other electronic products.

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By product type, the market is segmented into soft contact lenses, RGB lenses, and hybrid lenses. On the basis of material, the market is segregated into polymer, and hydrogel. On the basis of end-user, the market is fragmented into retail stores, online stores, and others. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Market Segmentation:

Colored Contact Lenses Market SegmentationBy Product Type
  • Soft contact lenses
  • RGB lenses
  • Hybrid lenses
By Material
  • Polymer
  • Hydrogel
By End User
  • Retail stores
  • Online stores
  • Others
By Geography
  • North America (USA and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

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Increasing Investment to Promote Growth in North America

North America is expected to hold the largest global colored contact lenses market share during the forecast period. The increasing awareness of product, increasing investment, and R&D activities are expected to fuel the market growth.

Europe is expected to have a sizable share of the market. This is due to favorable reimbursement policies, government initiatives, and active government funding in the healthcare sector is expected to drive the market in the region.

COVID-19 Impact-

Detrimental Impact of Covid-19 on Market Growth

The impact of COVID-19 is expected to be felt more severely in the consumer durables market due to the substantial reliance on imports by many global businesses. The demand for colored contact lenses is decreasing as the COVID-19 pandemic reduces end-user demand for daily packaging products over the world. The COVID-19 had a big impact on industrial plants that are currently running with a smaller crew. At the same time, the global supply chain has slowed due to the restrictions implemented by the government.

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Competitive Landscape-

Increasing Number of Mergers to Spur Demand Opportunities

New product launches, acquisitions, mergers, and agreements are expected to help companies increase market share. The colored contact lens industry's higher profit margins have prompted manufacturers and vendors to expand their supply chain networks and increase product production. Companies in the sector are constantly innovating and forming strategic alliances to maintain their market dominance.

List of Key Players Profiled in the Global Market for Colored Contact Lenses:

  • Johnson & Johnson Services
  • Coopervision
  • Bausch & Lomb
  • Alcon
  • Innovision Lens
  • Grandvision
  • QualiMed

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About Us:

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