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
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUnited 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.
.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.
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
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.
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
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
Recent Developments and Product Launches
In September 2022, Johnson & Johnson launched TECNIS Synergyâ„¢ Toric II, a continuous range of vision Intraocular Lens (IOL) by the utilization of CATALYSâ„¢ System OS 6.0 software. The product has definite features for the management of antigmatism, for smooth flow of surgeons using the CATALYSâ„¢ Precision Laser System. The product supports first post-marketing clinical research findings on TECNIS Synergyâ„¢ 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.
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.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2022 |
| Estimated Year | 2023 |
| Forecast Period | 2023 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume Units and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends |
| Segments covered | · Material Type · Design · Wear Type · Application · Distribution Channel · Region · Company |
| Regional scope | Mid-West, South, North-East and West |
| Key companies profiled | 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. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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