The global contact lenses market is expected to experience significant growth in the coming years, according to a report titled “Global Contact Lenses Market – Focused Insights 2024-2029” by The market, valued at $9.77 billion in 2023, is projected to reach $13.57 billion by 2029, with a steady compound annual growth rate (CAGR) of 5.62%.

The report offers a comprehensive analysis of the global contact lenses market, including market size, forecasts, segmentations, and key industry trends.

One of the main drivers of this growth is the increasing geriatric population, which has led to a higher demand for contact lenses. Additionally, rising consumer awareness about contact lens usage, a high prevalence of chronic eye diseases, and the growing adoption of contact lenses have also contributed to the market’s expansion.

In terms of regional market share, North America held the largest share at 37.22% in 2023, followed by APAC (26.76%), Europe (23.99%), Latin America (7.94%), and the Middle East and Africa (4.09%).

The APAC contact lenses market, valued at $2.61 billion in 2023, is expected to grow at a CAGR of 6.66% to reach $3.84 billion by 2029. This growth is driven by a focus on new product development.

Spherical contact lenses accounted for the highest share of 67.11% in 2023 by design type segmentation and are projected to grow at a CAGR of 5.11% during the forecast period due to technical advancements and precise fittings.

The corrective contact lenses segment dominated the market with a share of 59.25% in 2023 by application segmentation and is expected to grow at a CAGR of 5.82%. This is attributed to the increasing geriatric population, rising prevalence of chronic eye disorders, and growing awareness of contact lenses.

Key players in the global contact lenses market include Johnson & Johnson Vision, CooperVision, Alcon Inc, Bausch + Lomb, HOYA Corp, EssilorLuxottica, Menicon, Carl Zeiss Meditec, SynergEyes, X-Cel Specialty Contacts, ClearLab, STAAR Surgical, Visioneering Technologies Inc, Solotica, Sensimed AG, Oculus Private Limited, NeoVision, Interojo, Clerio Vision, Contamac, Maxvue Vision, St. Shine Optical, BenQ Material, Ultravision CLPL, Seed Co Ltd, Aqualens, Feel Good Contacts, Bescon, CAMAX OPTICAL, Medios, POLYTOUCH, Shanghai Weicon Optical, Ginko International.

The market is segmented by application, design, usage, distribution, and material, providing valuable insights into the industry’s dynamics.

For more information about this report, visit: []( is the world’s leading source for international market research reports and market data. They provide the latest data on international and regional markets, key industries, top companies, new products, and the latest trends.

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