How Has the Coloured Contact Lenses Market Evolved Historically and What is its Current Size
The coloured contact lenses market has seen considerable growth due to a variety of factors.
• In recent times, the market for coloured contact lenses has expanded significantly. It is predicted to escalate from a worth of $3.85 billion in 2024 to $4.24 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.2%.
Factors like celebrity endorsements, an increase in disposable income, the impact of social media, globalization, and changes in societal views towards cosmetic enhancements have contributed to this growth during the historical period.
What is the Market Size Forecast for the Coloured Contact Lenses Market?
The coloured contact lenses market is expected to maintain its strong growth trajectory in upcoming years.
• The market for coloured contact lenses is anticipated to witness a swift expansion in the upcoming years, with its value expected to reach $6.41 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.8%.
This growth over the forecast period is attributed to factors such as the increasing older population, the proliferation of e-commerce, partnerships with influencers, more emphasis on personal aesthetics, and rising health and safety awareness. Key trends projected for the forecast period encompass biodegradable materials, the advent of virtual try-on technology, subscription-based services, advancements in lens designs, and wellness packaging.
What Are the Critical Driver Fuelling the Coloured Contact Lenses Market's Growth?
The rise in eye-related health issues is anticipated to fuel the expansion of the colored contact lens industry in the future. Eye disorders encompass a range of conditions that result in impaired vision or blindness, possibly due to infection, allergies, or vitamin deficiency. Colored contact lenses can enhance or modify the eye's look while also addressing ordinary vision disorders like astigmatism, myopia, or hypermetropia. As per the NVISION Eye Centers, a prominent eye care provider in the US, in December 2022, nearly 12 million citizens over the age of 40 in America had visual impairment, with roughly 1 million being categorised as blind. Thus, the surging incidence of eye disorders is stimulating the expansion of the colored contact lens industry.
What Are The Major Segments Within The Coloured Contact Lenses Market?
The coloured contact lenses market covered in this report is segmented –
1) By Product Type: Soft Contact Lenses, RGP Lenses, Hybrid Lenses
2) By Material: Polymer, Hydrogen
3) By Application: With Vision Correction, Without Vision Correction
4) By End-Users: Retail Stores, Online Stores, Other Stores
Subsegments:
1) By Soft Contact Lenses: Daily Disposable Soft Lenses, Bi-weekly Soft Lenses, Monthly Soft Lenses, Extended Wear Soft Lenses
2) By RGP Lenses (Rigid Gas Permeable): Custom RGP Lenses, Standard RGP Lenses
3) By Hybrid Lenses: Scleral Hybrid Lenses, Corneal Hybrid Lenses
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Which Trends Are Expected To Transform The Coloured Contact Lenses Market?
Leading firms in the colored contact lens industry are investing in the creation of innovative products such as spooky colored contact lenses to maintain their competitive edge. Spooky-colored contact lenses are distinct contact lenses engineered to produce a creepy, supernatural look. For example, Unicoeye, a renowned colored contact lens company based in China, unveiled its Spooky Colored Contact Lenses in preparation for Halloween in September 2022. This collection includes designs suitable for intimidating mythical creatures and imaginative cosplay outfits, featuring one-of-a-kind color blends and haunting patterns that are the perfect addition to any costume. Ideal for pairing with any eye makeup or face paint concepts, the Halloween series is tailored for those attending a costume event or simply hoping to add a colorful twist to their Halloween attire. The range offers unique color combinations and chilling designs.
Who Are the Key Players in the Coloured Contact Lenses Market?
Major companies operating in the coloured contact lenses market include:
• Johnson & Johnson
• Alcon
• Bausch + Lomb
• CooperVision Inc.
• Clalen
• TTDeye
• Olens
• NEO Vision
• Vassen
• Desio
• Barbie Eyesland
• Solotica
• Camax Optical Corp.
• Clearlab SG Pte Ltd
• FreshKon
• Maxvue Vision
• ColourVue
• Sweety Plus
• Adore Lenses
• LensMe
• EOS Lenses
• Dueba
• Geo Medical
• FourVision
• ICK Contacts
• Beuberry
• Princess Pinky
• InnoVision
• EyeCandys
• Dreamcon
What Is The Most Dominant Region In The Coloured Contact Lenses Market?
North America was the largest region in the colored contact lenses market in 2024. The regions covered in the coloured contact lenses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
