Contact Lenses Market Size to Reach USD 18.9 Billion by 2026
                     Contact Lenses Market
Set to Exceed USD  USD 18.9 billion by 2026 | CAGR 
5.8%
“Contact Lenses Market [By Product Type (Soft Lens, Hybrid 
Lens, Rigid Gas Permeable (RGP) Lens); By Design Type 
(Toric, Spherical, Multifocal, Others); By Usage (Corrective, 
Therapeutic, Cosmetic/Lifestyle, Prosthetic) By Regions]: 
Market Size & Forecast, 2018 – 2026”
Contact Lenses Market Estimate & Forecast to 2026
According to a new study published by Polaris Market Research the global contact lenses 
market is anticipated to reach USD 18.9 billion by 2026.
Once of the key factor driving the contact lenses market is to enhance aesthetic appearance 
by using them as fashion accessory particularly, by the youth population. Also, constant 
development in technology of product materials and given a boost to colored or decorative 
contact lenses, which is further anticipated to influence the demand. Moreover, the rising 
incidences of visual imparities such as myopia, presbyopia, hyperopia and astigmatism is 
propelling the market growth. The World Health Organization, in 2015, estimated that 
approximately 1.9 billion people across the globe have been affected by myopia and the 
number is anticipated to be more than 2 billion by 2020. Thus, the demand for contact 
lenses during the forecast period will experience a growth.
The contact lenses manufacturers and vendors are appealed by the high profit margins 
offered by the contact lenses thus, boosting its manufacturing as well as enhancing the 
network of distribution. Also, advancements in technology in form of material will provide 
new opportunities to the manufacturers with time. By type segment, the Rigid Gas 
Permeable (RGP) Lenses was valued over USD 800 million in 2017 owing to factors 
including, sharp vision, high oxygen permeability, cost-effectiveness in the long run, and 
durability. Copyright © Polaris Market Research & Consulting LLP 2018. All Rights Reserved 2
 .
Contact Lenses Market Scope
By Product Type  By Design Type By Usage Type By Region Report Attributes
 Rigid Gas Permeable Lens  Spherical Lenses  Corrective Lens  North America  Historic year: 2015-2016
 Hybrid Lens  Toric Lenses  Therapeutic Lens  Europe  Base year: 2017
 Soft Lens  Multifocal Lenses  Cosmetic Lens  Asia Pacific  Forecast Year: 2018-2026
 Others  Prosthetic Lens  Latin America Middle East  Revenue ((USD Million)
 Lifestyle-oriented Lens & Africa 
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Contact Lenses Market Estimate & Forecast to 2026
The contact lenses market by usage type is segmented into Corrective, Therapeutic, 
Cosmetic, Prosthetic, and Lifestyle-oriented. The corrective lenses usage segment is 
currently growing at a CAGR of more than 6.2%. The demand is attributed to its various 
applications. Whereas, cosmetic lenses segment is expected to witness high growth during 
the forecast period. On the basis of design, the hybrid lens segment is anticipated to 
experience a noteworthy growth as it is a combination of both soft lenses and rigid gas 
permeable lenses. Thus, it provides comfort of soft lenses coupled with the visual clarity 
offered by rigid gas permeable lenses. The growth of hybrid lenses segment is expected to 
propel with the increased demand from people with keratoconus and astigmatism 
conditions. 
The key strategies adopted by the market players include long-term partnerships among the 
other players in supply chain particularly, distributors and suppliers with an aim to increase 
their geographical footprint. For instance, in 2016, Vision Direct Group Ltd. was acquired by 
Essilor International S.A. for the enhancement of its online retailing business presence. 
Major industry players include Alcon Laboratories, Inc., Abbott Medical Optics, Inc., Bausch 
+ Lomb, Incorporated, Carl Zeiss AG, CooperVision, Inc., Contamac U.S., Inc., Hoya 
Corporation, Essilor International S.A., Medennium and Johnson & Johnson Vision Care, Inc. 
among others.
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Contact Lenses Market Size
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