Coloured Contact Lenses Market to Grow with a CAGR of 9.57% through 2028
Celebrity endorsement, regulatory oversight, and the
convenience of online retail channels are expected to drive the Global Coloured
Contact Lenses Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “Coloured
Contact Lenses Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Coloured Contact Lenses Market
stood at USD 3.86 billion in 2022 and is anticipated to grow with a CAGR of 9.57%
in the forecast period, 2024-2028. This can be attributed to online retail channels.
E-commerce has become a dominant distribution channel for coloured contact
lenses. Consumers can conveniently browse and purchase lenses online, often at
competitive prices. This accessibility has contributed to the market's growth,
but it also raises concerns about counterfeit and unregulated products.
Therefore, consumers are encouraged to buy from reputable retailers and
prioritize safety.
Furthermore, coloured contact lenses are becoming
increasingly popular in diverse cultural contexts. Manufacturers are
recognizing the importance of catering to a wide range of skin tones and eye
shapes. This trend toward inclusivity and cultural sensitivity is expected to
grow, ensuring that a broader demographic can enjoy coloured contact lenses.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Coloured Contact Lenses Market.”
Contact lenses not only address the necessity of
reducing the reliance on cumbersome eyeglasses but also offer the added benefit
of enhancing one's visual attractiveness.
Recent advancements in the manufacturing of colored
contact lenses have led to the utilization of various materials for creating
these lenses, catering to diverse needs. Contact lenses have been employed in
the treatment of prevalent eye conditions like hypermetropia, myopia,
astigmatism, presbyopia, and glaucoma.
The primary drivers behind the colored
contact lenses market include a rising prevalence of eye disorders, a growing
preference for colored contact lenses over traditional eyeglasses, and the
increasing emphasis on facial aesthetics, particularly in the entertainment
industry and among younger demographics.
The surge in demand for comfortable and
soft-colored contact lenses is a significant factor influencing the market's
steady expansion. Hydrogel, in particular, has emerged as a strong driving
force in recent years, offering distinct advantages when compared to
alternative products. Some of these benefits include a reduced risk of eye
infections and enhanced comfort for wearers.
The Global Coloured Contact Lenses Market is segmented
into product type, material, end-user, regional distribution, and company.
Based on its product type, hybrid lenses are poised to
dominate the global colored contact lenses market for a multitude of compelling
reasons. These innovative lenses combine the best features of both soft and
rigid gas-permeable lenses, offering users an unparalleled experience in terms
of comfort and visual clarity. Their unique design ensures that the lens maintains
its shape on the eye, allowing for stable vision correction and reducing the
risk of blurry vision or discomfort. Hybrid lenses also excel in customization,
allowing wearers to choose from a wide range of colors and patterns to suit
their style preferences. Furthermore, the growing demand for cosmetic lenses,
driven by the increasing desire for unique eye colors and aesthetic
enhancements, positions hybrid lenses as the frontrunner in this market. With
their superior comfort, vision correction capabilities, and aesthetic appeal,
hybrid lenses are set to revolutionize the colored contact lens industry and
become the go-to choose for consumers worldwide.
Based on region, North America is poised to dominate
the global colored contact lenses market for a host of compelling reasons.
Firstly, it boasts a highly developed healthcare and beauty industry, fostering
a culture of eye health and aesthetic enhancement. Moreover, North America has
a large population that is increasingly embracing cosmetic contact lenses as a
means of self-expression and style. With a diverse consumer base, including a
rising trend among millennials and Gen Z, the region has a robust demand for
colored contact lenses. Additionally, North America has a well-established
distribution network, making these products readily accessible to consumers.
The stringent regulatory framework in the region also ensures product quality
and safety, instilling confidence in buyers. Overall, the convergence of a
strong consumer base, well-developed industry, and a culture that values eye
aesthetics positions North America at the forefront of the global colored
contact lenses market.
Major companies operating in
Global Coloured Contact Lenses Market are:
- Johnson & Johnson Services Inc
- CooperVision Inc
- Bausch & Lomb Inc
- Alcon Inc
- InnoVision Lens
- VIEWELL.. INC
- GrandVision SA
Download Free Sample Report
Customers can also request for 10%
free customization on this report.
“The global coloured contact lenses market is poised
for continued growth and innovation. Upcoming trends in sustainability,
technology integration, customization, and health-centric features will shape
the industry in the coming years. As consumers seek novel ways to express
themselves and enhance their appearance, manufacturers will continue to push
boundaries to meet their evolving preferences,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Coloured Contact Lenses Market By Product
Type (Soft Contact Lenses, RGB Lenses, Hybrid Lenses), By Material (Polymer,
Hydrogel), By End-User (Retail Stores, Online Stores, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Coloured Contact Lenses Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Coloured Contact Lenses Market.
Contact
Mr.
Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]
Website:
www.techsciresearch.com