Cosmetic Contact Lenses Market By Type (Toric Contact Lenses, Spherical Contact Lenses, Multifocal Contact Lenses, Conventional Contact Lenses) - Growth, Share, Opportunities & Competitive Analysis, 2024 - 2032

10 Aug 2016 Format PDF icon PPT icon XLS icon Request Sample

The global cosmetic contact lenses market is witnessing a significant upswing in light of the growing demand for altering aesthetic appearance. The use of cosmetic contact lenses is surging in the entertainment sector, and perpetual innovation in the nature of products and comfort in usage are the key factors contributing to the demand for cosmetic contact lenses. Rapid development in standard of living and swift development of aesthetics market in middle-income countries will further fuel the market growth. The East Asian countries such as Japan, China, South Korea, and Singapore are the key countries with highest contribution in the global market. Traditionally, cosmetic and conventional contact lenses were only available at optometrist office, specialized optical retail stores, physician office, hospitals and wholesale distributors. With the advent of online/internet sales channel, new avenues have opened for this market and has also resulted in augmenting the customer base

Cosmetic Contact Lenses Market

Cosmetic contact lenses change the eye color and create a look that's subtle, and bold. Cosmetic contact lenses are available in both prescription and plano forms. Prescription cosmetic contacts correct your myopia (nearsightedness), hyperopia (farsightedness) or astigmatism, as well as enhancing or completely changing eye color, while plano cosmetic contacts are worn purely for cosmetic purposes to change eye color and have no lens power for vision correction. The global cosmetic contact lenses market is segmented into spherical contact lenses, toric contact lenses, multifocal lenses, conventional contact lenses and others. Spherical contact lenses held the largest market in the global cosmetic contact lenses market. While, toric contact lenses is anticipated to expand at the fastest growth rate due to increasing cases of astigmatism and growing trends cosmetic contact lenses. Rising usage of cosmetic contact lenses in the entertainment sector is expected to boost cosmetic contact lens market during the forecast period. Moreover, cosmetic contact lenses market is witnessing a significant upswing in light of the growing demand for altering aesthetic appearance.

The geographical segmentation of the global cosmetic contact lenses market comprises North America, Europe, Asia-Pacific, Latin America and Middle East and Africa. In base year 2021, Asia Pacific accounted for the largest market in the cosmetic contact lenses market due to the rising awareness related to aesthetic surgeries and cosmetic enhancement devices in young population, rising market penetration of cosmetic contact lenses due to online availability and regulatory approval for online sales and non-prescription sales of cosmetic contact lenses. The other common factors assisting growth of cosmetic contact lenses market in Asia-Pacific are increasing incidences of ophthalmic disorders including myopia, hypermetropia and astigmatism is expected to positively impact the global market over the forecast period. Regions such as Latin America and Middle East & Africa are expected to witness the highest growth rate due to high disposable income, increasing prevalence of ophthalmic disorders and being one of the major cosmetic surgery destinations in the world. Moreover, in the modern world a few Middle Eastern and African countries have been influenced by fashion and have changed their prescriptive about contact lenses, with consumers increasingly opting for colored contact lenses to match their outfits. Thus the global cosmetic contact

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Cosmetic Contact Lenses market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Cosmetic Contact Lenses market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
  • Spherical Contact Lenses
  • Toric Contact Lenses
  • Multifocal Lenses
  • Conventional Contact Lenses
  • Others

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Cosmetic Contact Lenses market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Cosmetic Contact Lenses market?
  • Which is the largest regional market for Cosmetic Contact Lenses market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Cosmetic Contact Lenses market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Cosmetic Contact Lenses market worldwide?
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