United States Contact Lens Market to Grow with a Double Digit CAGR until 2026
Increasing vision aesthetics
is driving the growth of United States Contact Lens Market, in the forecast
period.
According to TechSci report on, “United States Contact Lens Market By Material Type
(Silicone hydrogel, Hydrogel, Gas permeable, Others) By Design (Spherical,
Toric, Multifocal, Others) By Wear Type (Disposable v/s Reusable) By
Application (Corrective, Therapeutic, Cosmetic, Others) By Distribution Channel
(Retail Stores, Hospitals & Clinics, Online) By Region, Competition
Forecast & Opportunities, 2026”, United
States contact lens market
has shown promising growth in historical years until 2019 and is expected to
continue its growth in upcoming forecast years 2021 to 2026. United States contact
lens market owes its growth to the factors like surge in the demand of the
contact lens to overcome visual deficiencies like myopia
hypermetropia/hyperopia, presbyopia, and astigmatism. The country is highly
affected of the rising number of the population suffering from visual
inaccuracies. Also, population with weak eyesight, and their demand of
participating in the outdoor activities is anticipated driver of the growth of
United States contact lens market in the upcoming five years. Moreover, the
country supports a world-class healthcare facility, thus government financial
aid as well as the ever growing research and development of the technologically
advanced medical devices is driving the growth of the market in the next five
days. Advancing laser treatments and eyesight corrections may put a minor
restraint on the market, although the procedures are expensive.
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The United
States contact lens market is segmented on the basis of material type, design,
wear type, application, distribution channel, regional distribution, and
competitional landscape. Based on design, the market is further bifurcated into
spherical, toric, multifocal, and others. The multifocal lens is anticipated to
hold the fastest growing revenue shares of the market and assert its dominance
over the segment growth of the market in the upcoming five years. The market
growth can be attributed to the ability of lenses to incorporate multiple
prescriptions. The multifocal lens is mostly used for the visionary corrections
for the geriatric population since they are more susceptible to the diseases
like presbyopia. Spherical lens are expected to hold the largest shares of the
market and lead the market segment of design due to the surge in the demand of
the lens by the myopic and astigmatism suffering patients.
Based on
application, the market is further bifurcated into corrective, therapeutic,
cosmetic, and others. Corrective lens is the maximum application in the market,
and it is anticipated to dominate the market segment in the upcoming five years
on the backbone of increasing number of eye related disorders that amounts to
the visionary degradation. Therapeutic applications also amounted for
significant amounts of shares of the market as the lens are utilized to deliver
therapeutic drugs to the cornea. The enhancing trend of the aesthetics for the
eye lens is expected to support the growth of the cosmetic applications of the
lens in the next five years.
A partial list
of market player in the United States contact lens market includes,
CooperVision, Inc., Bausch Health Companies, Inc., Alcon, Inc., Johnson &
Johnson, Carl Zeiss Inc., EssilorLuxottica USA, Menicon America, Inc.,
SynergEyes, Inc., X-Cel Specialty Contacts, STAAR Surgical Company, among
others. These market players hold larger shares of the market than the new
market players.
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“The United States is the most penetrated market in the North American
region. Due to the presence of the high number of the market players in the
country the market players are highly competitive as well as are consistently
involved in the research and development of the technologically advanced
medical device production. Moreover, the increasing demand of the contact lens
from the media and entertainment is not only surging the demand but also
influencing the general consumers to adopt the product,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“United States Contact
Lens Market By Material Type (Silicone hydrogel, Hydrogel, Gas permeable,
Others) By Design (Spherical, Toric, Multifocal, Others) By Wear Type
(Disposable v/s Reusable) By Application (Corrective, Therapeutic, Cosmetic,
Others) By Distribution Channel (Retail Stores, Hospitals & Clinics,
Online) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of United
States contact lens 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 United States contact
lens market .
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