U.S. Contact Lenses MarketU.S. Contact Lenses Market 2024 to Grow at 5.8 CAGR with 3.25 USD Billion Market Size: Analysis and Forecasts 2032
U.S. Contact Lenses Market by Modality (Reusable, Disposable), by Design (Toric, Multifocal, Spherical), by Distribution Channel (Ophthalmologists, Retail Stores, Online Stores), by Forecast 2024-2032
Base Year: 2023
180 Pages
U.S. Contact Lenses Market 2024 to Grow at 5.8 CAGR with 3.25 USD Billion Market Size: Analysis and Forecasts 2032
Key Insights
The U.S. Contact Lenses Market size was valued at USD 3.25 USD Billion in 2023 and is projected to reach USD 4.82 USD Billion by 2032, exhibiting a CAGR of 5.8 % during the forecast period.Contact lenses are the optical devices worn directly on the eyes surface by which human vision is enhanced by correcting refractive errors like myopia, hyperopia, astigmatism or presbyopia. These lens types are characterized by soft squishy materials or rigid gas-permeable materials. Either way, they are creatively fitted to the curvature of the eye. They have benefits that include: better visual accuracy, cosmetic enhancement measures the color choice, freedom of movement being untrapped, and compatibility with active lifestyles. Contact lenses taking off the spot of eyeglasses, are more convenient, allow better peripheral vision and do not make contact with sports or doing some outdoor activities difficult. While contact lenses can offer benefits, proper hygiene techniques as well as care must be followed to prevent eye infections and continue with healthy ophthalmic care. Frequent assessment and testing by an optometrist or another eye health professional helps to remain safe when using contact lenses for the correction of vision.
U.S. Contact Lenses Trends
- Increasing adoption of daily disposable lenses
- Rising demand for specialty lenses (e.g., multifocal and toric)
- Growing popularity of online contact lens retailers
Driving Forces: What's Propelling the U.S. Contact Lenses Market
- Improved visual acuity
- Convenience and comfort
- Expanding range of contact lens options
- Growing disposable income
Challenges and Restraints in U.S. Contact Lenses Market
- Regulatory hurdles
- Concerns over eye health risks
- Limited insurance coverage
Emerging Trends in U.S. Contact Lenses
- Smart contact lenses with embedded sensors
- Personalized contact lenses tailored to specific vision needs
- Contact lenses with extended wear capabilities
Growth Catalysts in U.S. Contact Lenses Industry
- Government initiatives to promote eye health
- Technological advancements in contact lens materials and designs
- Increasing awareness of the benefits of contact lenses
Market Segmentation: U.S. Contact Lenses Analysis
Modality:
- Reusable
- Disposable
Design:
- Toric
- Multifocal
- Spherical
Distribution Channel:
- Ophthalmologists
- Retail stores
- Online stores
Leading Players in the U.S. Contact Lenses Market
- Johnson & Johnson Vision Care, Inc. (United States)
- Alcon Inc. (Switzerland)
- The Cooper Companies Inc. (U.S.)
- Menicon Co., Ltd. (Japan)
- HOYA Corporation (Japan)
- EssilorLuxottica (France)
- Carl Zeiss Meditec AG (Germany)
Significant developments in U.S. Contact Lenses Sector
- Acquisition of Bausch + Lomb by Johnson & Johnson Vision Care in 2023
- Launch of Acuvue Oasys with Transitions by Johnson & Johnson Vision Care in 2022
Comprehensive Coverage U.S. Contact Lenses Market Report
- Regional Insight: Analysis of market size and trends in key regions
- DROCT: Deep dive into distribution channels, regulations, and competitive landscape
- Pricing Analysis: Examination of pricing dynamics and competitive strategies
- Import and Export Analysis: Overview of international trade flows
- Segmentation: Detailed segmentation analysis by modality, design, and distribution channel
- Patent/Trademark Analysis: Review of intellectual property developments in the industry
U.S. Contact Lenses Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 5.8% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Introduction of Technologically Advanced Systems to Propel Market Growth
- 3.3. Market Restrains
- 3.4. Market Trends
- 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Contact Lenses Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Modality
- 5.1.1. Reusable
- 5.1.2. Disposable
- 5.2. Market Analysis, Insights and Forecast - by Design
- 5.2.1. Toric
- 5.2.2. Multifocal
- 5.2.3. Spherical
- 5.3. Market Analysis, Insights and Forecast - by Distribution Channel
- 5.3.1. Ophthalmologists
- 5.3.2. Retail Stores
- 5.3.3. Online Stores
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1.
- 5.1. Market Analysis, Insights and Forecast - by Modality
- 6. Northeast U.S. Contact Lenses Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Modality
- 6.1.1 Reusable
- 6.1.2 and Disposable
- 6.2. Market Analysis, Insights and Forecast - By Design
- 6.2.1 Toric
- 6.2.2 Multifocal
- 6.2.3 and Spherical
- 6.3. Market Analysis, Insights and Forecast - By Distribution Channel
- 6.3.1 Ophthalmologists
- 6.3.2 Retail Stores
- 6.3.3 and Online Stores
- 7. Southeast U.S. Contact Lenses Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Modality
- 7.1.1 Reusable
- 7.1.2 and Disposable
- 7.2. Market Analysis, Insights and Forecast - By Design
- 7.2.1 Toric
- 7.2.2 Multifocal
- 7.2.3 and Spherical
- 7.3. Market Analysis, Insights and Forecast - By Distribution Channel
- 7.3.1 Ophthalmologists
- 7.3.2 Retail Stores
- 7.3.3 and Online Stores
- 8. Midwest U.S. Contact Lenses Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Modality
- 8.1.1 Reusable
- 8.1.2 and Disposable
- 8.2. Market Analysis, Insights and Forecast - By Design
- 8.2.1 Toric
- 8.2.2 Multifocal
- 8.2.3 and Spherical
- 8.3. Market Analysis, Insights and Forecast - By Distribution Channel
- 8.3.1 Ophthalmologists
- 8.3.2 Retail Stores
- 8.3.3 and Online Stores
- 9. Southwest U.S. Contact Lenses Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Modality
- 9.1.1 Reusable
- 9.1.2 and Disposable
- 9.2. Market Analysis, Insights and Forecast - By Design
- 9.2.1 Toric
- 9.2.2 Multifocal
- 9.2.3 and Spherical
- 9.3. Market Analysis, Insights and Forecast - By Distribution Channel
- 9.3.1 Ophthalmologists
- 9.3.2 Retail Stores
- 9.3.3 and Online Stores
- 10. West U.S. Contact Lenses Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Modality
- 10.1.1 Reusable
- 10.1.2 and Disposable
- 10.2. Market Analysis, Insights and Forecast - By Design
- 10.2.1 Toric
- 10.2.2 Multifocal
- 10.2.3 and Spherical
- 10.3. Market Analysis, Insights and Forecast - By Distribution Channel
- 10.3.1 Ophthalmologists
- 10.3.2 Retail Stores
- 10.3.3 and Online Stores
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 Johnson & Johnson Vision Care Inc. (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Alcon Inc. (Switzerland)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 The Cooper Companies Inc. (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Menicon Co. Ltd. (Japan)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 HOYA Corporation (Japan)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 EssilorLuxottica (France)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Carl Zeiss Meditec AG (Germany)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.1 Johnson & Johnson Vision Care Inc. (U.S.)
List of Figures
- Figure 1: U.S. Contact Lenses Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: U.S. Contact Lenses Market Value Share (%), by Modality 2023 & 2031
- Figure 3: U.S. Contact Lenses Market Value Share (%), by Design 2023 & 2031
- Figure 4: U.S. Contact Lenses Market Value Share (%), by Distribution Channel 2023 & 2031
- Figure 5: U.S. Contact Lenses Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Modality 2018 & 2031
- Table 2: U.S. Contact Lenses Market Volume K unit Forecast, by Modality 2018 & 2031
- Table 3: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Design 2018 & 2031
- Table 4: U.S. Contact Lenses Market Volume K unit Forecast, by Design 2018 & 2031
- Table 5: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Distribution Channel 2018 & 2031
- Table 6: U.S. Contact Lenses Market Volume K unit Forecast, by Distribution Channel 2018 & 2031
- Table 7: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 8: U.S. Contact Lenses Market Volume K unit Forecast, by Region 2018 & 2031
- Table 9: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Modality 2018 & 2031
- Table 10: U.S. Contact Lenses Market Volume K unit Forecast, by Modality 2018 & 2031
- Table 11: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Design 2018 & 2031
- Table 12: U.S. Contact Lenses Market Volume K unit Forecast, by Design 2018 & 2031
- Table 13: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Distribution Channel 2018 & 2031
- Table 14: U.S. Contact Lenses Market Volume K unit Forecast, by Distribution Channel 2018 & 2031
- Table 15: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 16: U.S. Contact Lenses Market Volume K unit Forecast, by Region 2018 & 2031
- Table 17: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Modality 2018 & 2031
- Table 18: U.S. Contact Lenses Market Volume K unit Forecast, by Modality 2018 & 2031
- Table 19: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Design 2018 & 2031
- Table 20: U.S. Contact Lenses Market Volume K unit Forecast, by Design 2018 & 2031
- Table 21: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Distribution Channel 2018 & 2031
- Table 22: U.S. Contact Lenses Market Volume K unit Forecast, by Distribution Channel 2018 & 2031
- Table 23: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 24: U.S. Contact Lenses Market Volume K unit Forecast, by Country 2018 & 2031
- Table 25: Northeast U.S. Contact Lenses Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 26: Northeast U.S. Contact Lenses Market Volume (K unit ) Forecast, by Application 2018 & 2031
- Table 27: Southeast U.S. Contact Lenses Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 28: Southeast U.S. Contact Lenses Market Volume (K unit ) Forecast, by Application 2018 & 2031
- Table 29: Midwest U.S. Contact Lenses Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 30: Midwest U.S. Contact Lenses Market Volume (K unit ) Forecast, by Application 2018 & 2031
- Table 31: Southwest U.S. Contact Lenses Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 32: Southwest U.S. Contact Lenses Market Volume (K unit ) Forecast, by Application 2018 & 2031
- Table 33: West U.S. Contact Lenses Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 34: West U.S. Contact Lenses Market Volume (K unit ) Forecast, by Application 2018 & 2031
- Table 35: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Modality 2018 & 2031
- Table 36: U.S. Contact Lenses Market Volume K unit Forecast, by Modality 2018 & 2031
- Table 37: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Design 2018 & 2031
- Table 38: U.S. Contact Lenses Market Volume K unit Forecast, by Design 2018 & 2031
- Table 39: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Distribution Channel 2018 & 2031
- Table 40: U.S. Contact Lenses Market Volume K unit Forecast, by Distribution Channel 2018 & 2031
- Table 41: U.S. Contact Lenses Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 42: U.S. Contact Lenses Market Volume K unit Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 5.8% from 2018-2032 |
| Segmentation |
|
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STEP 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
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Note* : In applicable scenarios
STEP 3 - Data Sources
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Secondary Research
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Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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