Contact Lenses Market Key Players, Analysis, Insights, Growth, Share and forecast to 2026

The global contact lenses market size is projected to reach USD 12.05 billion by 2026, exhibiting a CAGR of 4.8% during the forecast period. However, the market was worth USD 8.35 billion in 2018. This information is published in a recent report by Fortune Business Insights, titled, “Contact Lenses Market Size, Share & Industry Analysis, By Modality (Reusable and Disposable), By Design (Toric, Multi-Focal, and Spherical), By Distribution Channel (Retail Stores, Online Stores, and Ophthalmologists), and Regional Forecast, 2019-2026.” As per the report, rising per capita healthcare expenditure and increasing incidence of astigmatism and myopia are expected to affect the market positively.

Fortune Business Insights lists out some of the renowned companies operating in the contact lenses market. They are as follows:

• Contamac
• CooperVision
• HOYA Corporation
• Essilor
• Bausch & Lomb Incorporated
• Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Services, Inc.)
• ZEISS International
• Alcon Vision LLC
• Other key market players

Global Contact Lenses Market Segmentation

By Modality

• Reusable
• Disposable

By Design

• Toric
• Multifocal
• Spherical

By Distribution Channel

• Retail Stores
• Online Stores
• Ophthalmologists

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

What Does the Report Contain?

• In-depth information regarding all the possible segments, including modality, design, distribution channel, and region.
• Elaborate analysis of several insights, namely, contact lenses market trends, opportunities, growth drivers, and hindrances.
• Latest industry developments, such as new product launches, mergers, acquisitions, partnerships, and agreements.

Rising Prevalence of Ocular Disorders to Augment Market Growth

The World Health Organization (WHO) stated that approximately 1.7 million people are affected by presbyopia and around 153 million people reside with uncorrected refractive errors around the world. A rising prevalence of presbyopia worldwide is one of the main factors propeling the contact lenses market growth in the coming years. Also, many people are affected by ocular disorders, which in turn, is expected to boost growth of the market.

Bausch & Lomb Unveils Ultra Multifocal for Astigmatism Contact Lenses

June 2019: Bausch & Lomb Incorporated, an eye health products company, headquartered in New York, announced the launch of its Bausch + Lomb Ultra contact lenses. It is a multifocal lens for astigmatism. The new silicon hydrogel lens was initially created for those affected by both presbyopia and astigmatism. It blends the company’s stability of OpticAlign toric design with its unique 3-Zone Progressive multifocal design to offer professionals and patients an innovative technology.