PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779697
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1779697
India Contact Lenses Market, By Material (Soft Contact Lenses, Silicone Hydrogel Lenses, Rigid Gas Permeable Lenses, Hybrid Contact Lenses); By Application; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2031
India Contact Lenses Market Size Zooming 2.4X to Cross USD 845 Million by 2031
India Contact Lenses Market is booming primarily due to rising eye disorders, increasing screen time, fashion trends, aging population, and growing awareness.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Contact Lenses Market size by value at USD 348.46 million in 2024. During the forecast period between 2025 and 2031, BlueWeave expects India Contact Lenses Market size more than double at a robust CAGR of 13.5%, reaching a value of USD 845.52 million by 2031. The growth of India Contact Lenses Market is driven by several key factors. Rising disposable incomes and increasing fashion consciousness have led to a higher demand for both corrective and cosmetic lenses. The prevalence of visual impairments, such as myopia and hyperopia, particularly among younger populations due to increased screen time, has amplified the need for vision correction solutions. Advancements in lens technology, including the development of silicone hydrogel materials, have enhanced comfort and oxygen permeability, making lenses more appealing. Additionally, the convenience of daily disposable lenses and the expansion of e-commerce platforms have improved accessibility, further propelling market growth.
Opportunity - Expansion of E-Commerce and Online Retail
The rapid growth of e-commerce and online retail platforms in India has significantly boosted the accessibility and convenience of purchasing contact lenses. Consumers increasingly prefer online channels for their wide product variety, competitive pricing, doorstep delivery, and easy return policies. Digital platforms also allow users to access virtual try-on tools and subscription-based models, enhancing user experience and retention. The rising internet penetration, smartphone usage, and shift toward digital shopping, especially among younger demographics, continue to drive the online sales of contact lenses, making e-commerce a critical growth driver of India Contact Lenses Market.
Vision Correction Segment Leads India Contact Lenses Market
The vision correction segment holds the largest market share of in India Contact Lenses Market, due to the increasing prevalence of refractive errors like myopia, hyperopia, and astigmatism, among the population. Growing awareness about vision care, technological advancements in lens materials, and a rising preference for non-invasive vision correction methods contribute to its growth. Additionally, the convenience and aesthetic appeal of contact lenses over traditional eyeglasses further boost demand. Therefore, vision correction lenses hold the largest market share among Cosmetic & Aesthetic Use and Therapeutic Lenses segments in India.
Impact of Escalating Geopolitical Tensions on India Contact Lenses Market
Escalating geopolitical tensions can significantly impact India Contact Lenses Market by disrupting supply chains and increasing import costs, as many raw materials and finished products are sourced globally. Heightened trade restrictions or tariffs may lead to price volatility, affecting affordability for consumers. Additionally, investor confidence may decline, slowing market growth and innovation. Geopolitical uncertainties can also hinder foreign collaborations and technology transfers essential for product advancements. Overall, these tensions create an environment of unpredictability, challenging manufacturers and suppliers to maintain steady operations while meeting the growing demand in India's evolving eye care market.
Competitive Landscape
India Contact Lenses Market is highly fragmented, with numerous players serving the market. Major companies dominating the market are Bausch & Lomb India Private Limited, Hoya Medical India Pvt Ltd, Johnson & Johnson Private Limited, Excellent Hicare Pvt Ltd, CVI Contact Lenses India Pvt Ltd, Essilor India Private Ltd, Contek India, Alcon Laboratories (India) Pvt Ltd, CooperVision India, Zeiss India, and UltraVision CLPL. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge over their competitors in India Contact Lenses Market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Contact Lenses Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Contact Lenses Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Contact Lenses Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Prevalence of Vision Disorders
- 3.2.1.2. Increasing Adoption of Cosmetic Contact Lenses
- 3.2.1.3. Technological Advancements in Lens Materials
- 3.2.2. Restraints
- 3.2.2.1. High Cost of Premium Contact Lenses
- 3.2.2.2. Limited Awareness in Rural Areas
- 3.2.2.3. Regulatory and Compliance Challenges
- 3.2.3. Opportunities
- 3.2.3.1. Expansion of E-Commerce and Online Retail
- 3.2.3.2. Growing Demand for Daily Disposable Lenses
- 3.2.4. Challenges
- 3.2.4.1. Supply Chain Disruptions and Import Dependence
- 3.2.4.2. Affordability and Accessibility Issues for Lower-Income Groups
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Contact Lenses Market Strategies
5. India Contact Lenses Market: Pricing Analysis
6. India Contact Lenses Market Overview
- 6.1. Market Size & Forecast, 2019-2031
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Material
- 6.2.1.1. Soft Contact Lenses
- 6.2.1.2. Silicone Hydrogel Lenses
- 6.2.1.3. Rigid Gas Permeable (RGP) Lenses
- 6.2.1.4. Hybrid Contact Lenses
- 6.2.2. By Application
- 6.2.2.1. Vision Correction
- 6.2.2.2. Cosmetic & Aesthetic Use
- 6.2.2.3. Therapeutic Lenses
- 6.2.3. By Region
- 6.2.3.1. East India
- 6.2.3.2. West India
- 6.2.3.3. South India
- 6.2.3.4. North India
- 6.2.1. By Material
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. India Contact Lenses Market Share Analysis, 2024
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on India Contact Lenses Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 9.1. Bausch & Lomb India Private Limited
- 9.2. Hoya Medical India Pvt Ltd
- 9.3. Johnson & Johnson Private Limited
- 9.4. Excellent Hicare Pvt Ltd
- 9.5. CVI Contact Lenses India Pvt Ltd
- 9.6. Essilor India Private Ltd
- 9.7. Contek India
- 9.8. Alcon Laboratories (India) Pvt Ltd
- 9.9. CooperVision India
- 9.10. Zeiss India
- 9.11. UltraVision CLPL
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Region
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Contact Lenses Market Segmentation
- Figure 2 India Contact Lenses Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2024
- Figure 4 India Contact Lenses Market Size, By Value (USD Million), 2019-2031
- Figure 5 India Contact Lenses Market Share, By Material, By Value, 2019-2031
- Figure 6 India Contact Lenses Market Share, By Application, By Value, 2019-2031
- Figure 7 India Contact Lenses Market Share, By Region, By Value, 2019-2031
List of Tables
- Table 1 India Contact Lenses Market Size, By Value (USD Million), 2019-2031
- Table 2 India Contact Lenses Market Size, By Material, By Value, 2019-2031
- Table 3 India Contact Lenses Market Size, By Application, By Value, 2019-2031
- Table 4 India Contact Lenses Market Size, By Region, By Value, 2019-2031
- Table 5 Bausch & Lomb India Private Limited Company Overview
- Table 6 Bausch & Lomb India Private Limited Financial Overview
- Table 7 Hoya Medical India Pvt Ltd Company Overview
- Table 8 Hoya Medical India Pvt Ltd Financial Overview
- Table 9 Johnson & Johnson Private Limited Company Overview
- Table 10 Johnson & Johnson Private Limited Financial Overview
- Table 11 Excellent Hicare Pvt Ltd Company Overview
- Table 12 Excellent Hicare Pvt Ltd Financial Overview
- Table 13 CVI Contact Lenses India Pvt Ltd Company Overview
- Table 14 CVI Contact Lenses India Pvt Ltd Financial Overview
- Table 15 Essilor India Private Ltd Company Overview
- Table 16 Essilor India Private Ltd Financial Overview
- Table 17 Contek India Company Overview
- Table 18 Contek India Financial Overview
- Table 19 Alcon Laboratories (India) Pvt Ltd Company Overview
- Table 20 Alcon Laboratories (India) Pvt Ltd Financial Overview
- Table 21 CooperVision India Company Overview
- Table 22 CooperVision India Financial Overview
- Table 23 Zeiss India Company Overview
- Table 24 Zeiss India Financial Overview
- Table 25 UltraVision CLPL Company Overview
- Table 26 UltraVision CLPL Financial Overview
