PUBLISHER: Renub Research | PRODUCT CODE: 1463212
PUBLISHER: Renub Research | PRODUCT CODE: 1463212
United States Contact Lenses Market Report by Material, Usage (Daily Disposable, Disposable, Frequently Disposable, and Traditional Lenses), Design, Application, Distribution Channel, and Company Analysis 2024-2032
United States Contact Lenses Market was priced at US$ 2.96 Billion in 2023. It is expected to grow at a CAGR of 4.69% from 2024 to 2032. Renub Research predicted the value at US$ 4.47 Billion by 2032.
The widely used vision correction device in the United States is contact lens. Millions opt for them as a favored vision correction technique. The Centers for Disease Control and Prevention estimated that approximately forty-five million people in the United States wear contact lenses. They offer convenience and versatility by regularly providing a more natural area of vision than traditional eyeglasses. People of diverse ages and lifestyles have favored them, making them famous nationally.
United States Contact Lenses Growth Drivers
- Increase in People with Visual Impairments
The United States touch lenses market is surging due to the growth in people with visual impairments. Approximately 12 million people aged forty and over in the U.S. have vision impairment, including 1 million who are blind, 3 million with vision impairment after correction, and 8 million with uncorrected refractive errors, as the Centers for Disease Control and Prevention mentioned. Factors along with an older population experiencing age-related vision issues and heightened awareness of eye fitness spark more people to seek corrective answers. The comfort of contact lenses, mainly for one's central active lifestyle, is driving this increase.
- The Contact Lens has undergone significant Technological Advancements
Technological advancements propel growth in the United States contact lenses market. For example, POSTECH developed a wireless theranostic smart lens integrating an intraocular stress sensor and drug shipping system for glaucoma control. These improvements enhance consolation, versatility, and convenience in vision correction. Improved substances offer higher oxygen permeability, decreasing inflammation. Specialized designs address numerous desires, like toric lenses for astigmatism and multifocal lenses for presbyopia. Daily disposables, like Bausch Lomb's silicone hydrogel lens, enhance hygiene and convenience. These improvements meet purchaser demands and increase market attraction. This demonstrates the non-stop evolution of contact lens technology to cater to numerous options and wishes.
- Government Support for Research and Development projects related to Contact Lenses
The U.S. authorities actively help R&D projects within the contact lens market through investments, grants, and incentives to centers and establishments. For instance, National Grants for Vision Care assist those who can't manage to pay for vision care, covering prices like eye exams and contact lenses. This backing drives comfort, oxygen permeability, and capability improvements, improving market growth. Government projects inspire collaboration among academia, industry, and healthcare experts, ensuring improvements meet evolving purchaser wants. Legislation, which includes the Fairness to Contact Lens Consumers Act, presents rights to customers. It imposes obligations on prescribers and dealers, maintaining U.S. leadership in the global market through innovation and law.
- Increasing Online availability of Contact Lenses
The availability of contact lenses online appreciably drives the United States market. This gives convenient access and an extensive choice. Platforms like ContactsDirect offer answers for diverse vision problems and competitive pricing, appealing to diverse demographics and people with busy lives or confined access to physical shops. Consumers can examine expenses, browse brands, and order from home, which is specifically appealing during the pandemic. This online accessibility is pivotal in marketplace growth, increasing access and meeting evolving customer possibilities.
United States Contact Lenses Company News
The United States contact lens market includes some key players. These are Bausch & Lomb Incorporated, Alcon, Carl Zeiss Meditec AG, The Cooper Companies, Inc., Hoya Corporation, EssilorLuxottica, Menicon Co. Ltd, and SynergEyes Inc.
- In January 2023 - Bausch + Lomb is set to acquire AcuFocus, an IC-8 Apthera Intraocular Lens (IOL) manufacturer. The acquisition will be made through an affiliate of Bausch + Lomb. It will merge with the parent company of AcuFocus. This move is expected to enhance Bausch + Lomb's cataract surgical portfolio.
- In March 2023 - CooperVision recently introduced MyDay Energys contact lenses in the United States.
- In May 2023 - Black Pearl Vision, the world's only Black and woman-owned contact lens manufacturer, acquired PolyDev, an Ireland-based manufacturer specializing in color contact lenses, including TORIColors for people with astigmatism.
- In June 2023 - Bausch + Lomb recently introduced the INFUSE multifocal SiHy contact lenses in the U.S.
- In September 2023 - Fielmann Group, a leading European eyewear retailer, announced the successful acquisition of SVS Vision. These acquisitions are important milestones for the German family business, aligning with their Vision 2025 growth strategy and international expansion plans. They aim to empower * U.S. eyewear customers and see these acquisitions as the first step in a long-term plan.
- In October 2023 - Alcon introduced a new type of contact lens called TOTAL30 MF, specifically designed for people with presbyopia.
Material - United States Contact Lenses Market breakup in 3 viewpoints:
1. Gas Permeable
2. Silicone Hydrogel
3. Hybrid
Usage - United States Contact Lenses Market breakup in 4 viewpoints:
1. Dark Chocolate Daily Disposable
2. Disposable
3. Frequently Disposable
4. Traditional(Reusable) Lenses
Design - United States Contact Lenses Market breakup in 3 viewpoints:
1. Spherical
2. Toric
3. Multifocal
Application - United States Contact Lenses Market breakup in 2 viewpoints:
1. Vision Correction
2. Cosmetic
Distribution Channel - United States Contact Lenses Market breakup in 3 viewpoints:
1. Vision Correction Online Pharmacy
2. Retail Pharmacy
3. Hospital Pharmacy
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Bausch & Lomb Incorporated
2. Alcon
3. Carl Zeiss Meditec AG
4. The Cooper Companies, Inc.
5. Hoya Corporation
6. EssilorLuxottica
7. Menicon Co. Ltd
8. SynergEyes Inc.
Table of Contents
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamic
- 4.1 Growth Drivers
- 4.2 Challenges
5. United States Contact Lenses Market
6. Market Share - United States Contact Lenses
- 6.1 By Product
- 6.2 By Application
- 6.3 By Technology
- 6.4 By End User
7. Material - United States Contact Lenses Market
- 7.1 Gas Permeable
- 7.2 Silicone Hydrogel
- 7.3 Hybrid
8. Usage - United States Contact Lenses Market
- 8.1 Daily Disposable
- 8.2 Disposable
- 8.3 Frequently Disposable
- 8.4 Traditional(Reusable) Lenses
9. Design - United States Contact Lenses Market
- 9.1 Spherical
- 9.2 Toric
- 9.3 Multifocal
10. Application - United States Contact Lenses Market
- 10.1 Vision Correction
- 10.2 Cosmetic
11. Distribution Channel - United States Contact Lenses Market
- 11.1 Online Pharmacy
- 11.2 Retail Pharmacy
- 11.3 Hospital Pharmacy
12. Porter's Five Forces Analysis - United States Contact Lenses Market
- 12.1 Bargaining Power of Buyers
- 12.2 Bargaining Power of Suppliers
- 12.3 Degree of Rivalry
- 12.4 Threat of New Entrants
- 12.5 Threat of Substitutes
13. SWOT Analysis - United States Contact Lenses Market
- 13.1 Strength
- 13.2 Weakness
- 13.3 Opportunity
- 13.4 Threat
14. Key Players Analysis
- 14.1 Bausch & Lomb Incorporated
- 14.1.1 Overview
- 14.1.2 Recent Development
- 14.1.3 Revenue Analysis
- 14.2 Alcon
- 14.2.1 Overview
- 14.2.2 Recent Development
- 14.2.3 Revenue Analysis
- 14.3 Carl Zeiss Meditec AG
- 14.3.1 Overview
- 14.3.2 Recent Development
- 14.3.3 Revenue Analysis
- 14.4 The Cooper Companies, Inc.
- 14.4.1 Overview
- 14.4.2 Recent Development
- 14.4.3 Revenue Analysis
- 14.5 Hoya Corporation
- 14.5.1 Overview
- 14.5.2 Recent Development
- 14.5.3 Revenue Analysis
- 14.6 EssilorLuxottica
- 14.6.1 Overview
- 14.6.2 Recent Development
- 14.6.3 Revenue Analysis
- 14.7 Menicon Co. ltd
- 14.7.1 Overview
- 14.7.2 Recent Development
- 14.7.3 Revenue Analysis
- 14.8 SynergEyes Inc.
- 14.8.1 Overview
- 14.8.2 Recent Development
List of Figures
- Figure-01: United States - Contact Lenses Market (Billion US$), 2019 - 2023
- Figure-02: United States - Forecast for Contact Lenses Market (Billion US$), 2024 - 2032
- Figure-03: Material - Gas Permeable Market (Million US$), 2019 - 2023
- Figure-04: Material - Forecast for Gas Permeable Market (Million US$), 2024 - 2032
- Figure-05: Material - Silicone Hydrogel Market (Million US$), 2019 - 2023
- Figure-06: Material - Forecast for Silicone Hydrogel Market (Million US$), 2024 - 2032
- Figure-07: Material - Hybrid Market (Million US$), 2019 - 2023
- Figure-08: Material - Forecast for Hybrid Market (Million US$), 2024 - 2032
- Figure-09: Usage - Daily Disposable Market (Million US$), 2019 - 2023
- Figure-10: Usage - Forecast for Daily Disposable Market (Million US$), 2024 - 2032
- Figure-11: Usage - Disposable Market (Million US$), 2019 - 2023
- Figure-12: Usage - Forecast for Disposable Market (Million US$), 2024 - 2032
- Figure-13: Usage - Frequently Disposable Market (Million US$), 2019 - 2023
- Figure-14: Usage - Forecast for Frequently Disposable Market (Million US$), 2024 - 2032
- Figure-15: Usage - Traditional(Reusable) Lenses Market (Million US$), 2019 - 2023
- Figure-16: Usage - Forecast for Traditional(Reusable) Lenses Market (Million US$), 2024 - 2032
- Figure-17: Design - Spherical Market (Million US$), 2019 - 2023
- Figure-18: Design - Forecast for Spherical Market (Million US$), 2024 - 2032
- Figure-19: Design - Toric Market (Million US$), 2019 - 2023
- Figure-20: Design - Forecast for Toric Market (Million US$), 2024 - 2032
- Figure-21: Design - Multifocal Market (Million US$), 2019 - 2023
- Figure-22: Design - Forecast for Multifocal Market (Million US$), 2024 - 2032
- Figure-23: Application - Vision Correction Market (Million US$), 2019 - 2023
- Figure-24: Application - Forecast for Vision Correction Market (Million US$), 2024 - 2032
- Figure-25: Application - Cosmetic Market (Million US$), 2019 - 2023
- Figure-26: Application - Forecast for Cosmetic Market (Million US$), 2024 - 2032
- Figure-27: Distribution Channel - Online Pharmacy Market (Million US$), 2019 - 2023
- Figure-28: Distribution Channel - Forecast for Online Pharmacy Market (Million US$), 2024 - 2032
- Figure-29: Distribution Channel - Retail Pharmacy Market (Million US$), 2019 - 2023
- Figure-30: Distribution Channel - Forecast for Retail Pharmacy Market (Million US$), 2024 - 2032
- Figure-31: Distribution Channel - Hospital Pharmacy Market (Million US$), 2019 - 2023
- Figure-32: Distribution Channel - Forecast for Hospital Pharmacy Market (Million US$), 2024 - 2032
- Figure-33: Bausch & Lomb Incorporated - Global Revenue (Million US$), 2019 - 2023
- Figure-34: Bausch & Lomb Incorporated - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-35: Alcon - Global Revenue (Million US$), 2019 - 2023
- Figure-36: Alcon - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-37: Carl Zeiss Meditec AG - Global Revenue (Million US$), 2019 - 2023
- Figure-38: Carl Zeiss Meditec AG - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-39: The Cooper Companies, Inc. - Global Revenue (Million US$), 2019 - 2023
- Figure-40: The Cooper Companies, Inc. - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-41: Hoya Corporation - Global Revenue (Million US$), 2019 - 2023
- Figure-42: Hoya Corporation - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-43: EssilorLuxottica - Global Revenue (Million US$), 2019 - 2023
- Figure-44: EssilorLuxottica - Forecast for Global Revenue (Million US$), 2024 - 2032
- Figure-45: Menicon Co. ltd - Global Revenue (Million US$), 2019 - 2023
- Figure-46: Menicon Co. ltd - Forecast for Global Revenue (Million US$), 2024 - 2032
List of Tables
- Table-01: United States - Contact Lenses Market Share by Product (Percent), 2019 - 2023
- Table-02: United States - Forecast for Contact Lenses Market Share by Product (Percent), 2024 - 2032
- Table-03: United States - Contact Lenses Market Share by Application (Percent), 2019 - 2023
- Table-04: United States - Forecast for Contact Lenses Market Share by Application (Percent), 2024 - 2032
- Table-05: United States - Contact Lenses Market Share by Technology (Percent), 2019 - 2023
- Table-06: United States - Forecast for Contact Lenses Market Share by Technology (Percent), 2024 - 2032
- Table-07: United States - Contact Lenses Market Share by End User (Percent), 2019 - 2023
- Table-08: United States - Forecast for Contact Lenses Market Share by End User (Percent), 2024 - 2032
