United States Contact Lenses Market, By Material (Silicone Hydrogel, Hydrogel, Gas Permeable, and Others), By Design (Spherical, Toric, Multifocal and Others), By Wear Type (Disposables, Reusable), By Application (Corrective, Therapeutic, Cosmetic and Others), By distribution channel (Retail Store, Online and Hospitals & Clinics), By Region, Competition Forecast & Opportunities, 2028

United States contact lens market is expected to grow at a significant rate for the forecast period, 2024-2028. Rising in the optic disorders among population and developing research and development infrastructures are the two significant contributing factors leading to surge in the market growth for the next five years.

Additionally, this can be ascribed to the rising tendency to improve aesthetics prevalence of eye diseases among the population across the world, rising awareness among consumers, and rising demand for cosmetic and therapeutic lenses.According to National Eye Institute, National Institute of Health, around 16.4 million Americans are expected to have difficulty seeing due to correctable refractive errors that can be fixed with glasses, contacts, or surgery. Additionally, the researchers suggested that the number of people with visual impairment or blindness in the United States is expected to double to more than 8 million by 2050.

The prevalence of severe eye conditions is giving rise to conditions such as myopia, presbyopia, astigmatism etc, which in turn creates a higher market demand for contact lenses. Moreover, according to Centers for Disease Control and Prevention (CDC 2022), an estimated 93 million adults in the United States are at high risk for serious vision loss, but only half visited an eye doctor in the past 12 months.

Additionally, the increasing prevalence of refractive errors, such as myopia, hyperopia, astigmatism, and presbyopia. Refractive errors affect a large proportion of the population, and contact lenses offer an effective way to correct these vision problems. In addition, advances in technology have led to the development of innovative contact lenses that can provide better vision, greater comfort, and longer wear time, which has further fueled the growth of the United State Contact Lenses Market.

Rising prevalence of visual impairment

Visual impairment is a common problem that affects millions of people. This is due to the increase in refractive errors, age related macular degeneration, glaucoma, etc. The refractive errors include to the myopia, presbyopia, etc. Age-related macular degeneration is a major cause of blindness in adults. The development of large drusen deposits may increase the risk for macular degeneration. For instance, According to National Institute of Health, 2.1 million Americans have advanced AMD, and an estimated 3.7 million will have advanced AMD by 2030. Glaucoma is a disease that damages the optic nerve and can lead to visual impairment or blindness. For instance, amblyopia and strabismus are disorders that mostly occur in children. According to the American Academy of Ophthalmology (AAO), in the United States, about 12 million people of age 40 and above suffer from vision impairment, with about a million suffering from blindness. Moreover, a rise in visual inaccuracies is expected to drive regional market growth. As per the research study published in May 2022, namely “Census Shows High Prevalence of Pediatric myopia in the United States”, there is a high prevalence of pediatric myopia in the United States, and in 2020, about 19.5 million children with myopia were living in the United States with the nationwide prevalence of 36.1%. Hence, an increase in eye disorders will lead to a growing demand for contact lenses.

Increasing Research & Developments

The growing research & development in the contact lenses has led to the discovery of materials used to make contact lenses with additional features and functionality. Researchers had recently developed contact lenses enhanced with microfluidic technology to develop contact lenses for an efficient method of drug delivery. As a result, this technology enables non-invasive intraocular pressure monitoring in the eye, which is hugely in demand in the contact lens industry and is expected to support market expansion over the coming years. For instance, the United States have developed well-structured healthcare systems. These systems also encourage research and development. Additionally, the government policies support and encourage the United States market players to enter into it. As a result, these countries have the presence of many international market players to develop contact lenses with new advancements. The United States contact lenses market is highly competitive, with major players including Johnson & Johnson, Alcon (Novartis), Bausch & Lomb (Valeant Pharmaceuticals), and CooperVision. These companies invest heavily in research and development to develop new products and improve existing ones, and they also engage in strategic partnerships and acquisitions to expand their market share.

Rising tendency of improving aesthetics among population

Another trend driving growth in the contact lenses market is the increasing demand for coloured lenses. These lenses are used not only for vision correction but also for cosmetic purposes, such as changing the colour of the eyes. With advancements in technology, coloured lenses are now available in a wide range of shades and patterns, catering to different consumer preferences. Most of the people are using contact lenses not only to correct vision but are also used to improve their eye colour. The contact lenses are higher in demand as a fashion accessory in recent times as people are influenced by the fashion industry and influencers for using coloured contact lenses to enhance their eye colour and at times to match their outfits. Various leading companies such as Alcon Incorporation introduced Precision 1, a silicone hydrogel disposable contact lens for astigmatic patients in 2021. These lenses are specifically made to balance the eye care solution and provide oxygen to the cornea. Moreover, for customers who like an ascetic lifestyle or work long hours on digital devices and have sensitive or dry eyes, silicone hydrogel contacts lenses tend to be more pleasant for them. Furthermore, in 2018, Alcon introduced its new AIR OPTIX® COLORS Gemstone Collection of contact lenses, designed for users who prefer comfortable, coloured contact lens options that appear natural on their eyes. Moreover, the companies like CooperVision, Alcon, Bosch + Lomb, etc are manufacturing eye contact lenses which are approved by the FDA and thereby are considered safe if wore or tried under prescription, therefore making the coloured lenses safe and thus increasing the usage among the population creating more market demand and is anticipated to bolster market growth in the future.

Recent Developments and Product Launches

In September 2022, Johnson & Johnson launched TECNIS Synergy™ Toric II, a continuous range of vision Intraocular Lens (IOL) by the utilization of CATALYS™ System OS 6.0 software. The product has definite features for the management of antigmatism, for smooth flow of surgeons using the CATALYS™ Precision Laser System. The product supports first post-marketing clinical research findings on TECNIS Synergy™ and TECNIS Toric II platform.

Furthermore, in 2021, a global strategic partnership between Johnson & Johnson Vision and the contact lens manufacturer Menicon was recently launched to provide access to therapeutic contact lenses for children developing myopia. Additionally, Menicon launched its Menicon bloom control management system.

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Market Segmentation

The United States Contact Lenses Market is segmented into material type, design, wear type, application, distribution channel, by region and company. Based on material type, the contact lens market is segmented into silicone hydrogel, hydrogel, gas permeable, and others. Based on the design, the market is fragmented into Spherical, toric, multifocal and others. Based on the wear type of material, the market is segmented into disposable, reusable. Depending on the Application, the market is segmented into corrective, therapeutic, cosmetic and others. Based on the distribution channel, the contact lens market is fragmented among retail store, online and hospitals &clinics.

Market Players

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 Companyare, etc. are some of the leading players operating in the United States Contact Lenses Market.

Report Scope:

In this report, the United States Contact Lens Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• United States Contact Lens Market, By Material Type
• Silicone Hydrogel
• Hydrogel
• Gas Permeable
• Others
• United States Contact Lens Market, By Design:
• Spherical
• Toric
• Multifocal
• Others
• United States Contact Lens Market, By Wear Type
• Reusable
• Disposable
• United States Contact Lens Market, By Application:
• Corrective
• Therapeutic
• Cosmetic
• Others
• United States Contact Lens Market, By Distribution Channel:
• Retail Stores Toric
• Online
• Hospital & Clinics
• United States Contact Lenses, By Region:
• Mid-West
• South
• North-East
• West

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United States Contact Lenses market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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