Latest Market Research Report 2025

  Contact Lenses Industry Overview The global  contact lenses market size  was estimated at  USD 17.14 billion in 2022  and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030.   The increasing cases of refractive errors, such as myopia, hyperopia, presbyopia, and astigmatism, are the major factors driving the demand for contact lenses globally. The growing aging population, which is prone to eye disease has created the demand for contact lenses. In May 2023, during Vision Health Month, the Canadian Ophthalmological Society (COS) emphasized the significance of vision health care, especially among the senior citizens of the country.   Gather more insights about the market drivers, restrains and growth of the   Contact Lenses   Market According to a survey conducted by the COS in 2022, 41% of the citizens have been diagnosed or have experienced at least one change in eye health during the last two years. A cons...

  Contact Lenses Industry Overview The global contact lenses market size was valued at USD 14.6 billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 4.3% from 2022 to 2030. A corrective lens is preferably used to correct refractive errors and compensate for visual deficiencies such as myopia, hyperopia, presbyopia, and astigmatism. Thus, a rise in graphic inaccuracies is expected to drive the market over the forecast period further. The increasing number of outdoor activities is further boosting the market growth.     A significant number of research and development activities have been used in optics and optometry to advance the technology. Advances such as the launch of dynamic soft contact lenses integrated with advanced technology have propelled the growth of the market for contact lenses. For instance, In November 2018, IMEC and SEED Co. Ltd, an international R&D hub, entered into a collaborative partnership to develop a s...